Automotive Lighting Market worth $23.3 billion by 2027

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MarketsandMarkets Presents

Automotive Lighting Market worth 23.3 billion by
2027
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utomotive-lighting-market-1133.html
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The report "Automotive Lighting Market for ICE
EVs By Technology (Halogen, LED, Xenon), Position
(Front, Side, Rear, Interior), Application (Head,
Side, Tail, Fog, DRL, CHMSL, Dashboard, Glovebox,
Reading, Dome, Rear View Mirror), Adaptive
Lighting Region - Forecast to 2027" , The
automotive lighting market is estimated to be USD
18.4 billion in 2019 and is projected to reach
USD 23.3 billion by 2027, at a CAGR of 3.0
Rising disposable income has resulted in an
increase in consumer spending capability to
purchase premium vehicles, which, in turn, is
expected to drive the growth of the market.
Government initiatives for implementing adaptive
lighting to increase the drivers safety is
another key factor anticipated to fuel market
growth. Browse 167 market data Tables and 61
Figures spread through 202 Pages and in-depth TOC
on "Automotive Lighting Market Get The PDF
Brochure For This Report _at_ https//www.marketsandm
arkets.com/pdfdownloadNew.asp?id1133
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Passenger Car segment expected to be the largest
segment for the automotive lighting
market Passenger cars are expected to be the
largest segment for the automotive lighting
market on account of the rapid adoption of
advanced lighting systems. Moreover, increasing
sales of premium vehicles with pre-installed
adaptive headlights, adaptive taillights, and
ambient lights are expected to augment the growth
of the segment further. Additionally, visual
appeal is considered as a premium feature, and
lighting is one of the vital parameters that add
value to the visual appeal of the vehicle. The
LED technology is expected to be the
fastest-growing segment The LED technology is
expected to grow at the fastest rate as this it
offers a better package in terms of adaptive
technology. Moreover, LED consumes less power in
comparison to other technologies such as halogen
and xenon. LED headlights also offer better
visibility to the driver and reduce the
illumination effect on the eyes of the driver in
the opposite direction. Request for
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Asia Pacific to continue being the largest
consumer of the automotive lighting market China
was the largest manufacturer and consumer of the
automotive lighting due to the presence of a
robust automobile production base and huge
domestic sales of cars. Other Asian countries
such as Japan, Korea, and India showcased
promising growth during 2017and 2018, and this
trend is likely to continue till 2027. Asia
Pacific is one of the main production bases for
several European and North American automotive
lighting manufacturers. Thus, the growing global
sales of automobiles is expected to drive the
growth of the automotive lighting industry. The
key players automotive lighting market are are
Hella (Germany), Marelli (Italy), Osram
(Germany), Valeo (France), Continental (Germany),
Philips (Netherlands), Bosch (Germany), Varroc
(India), Hyundai Mobis (South Korea), Koito
(Japan), Denso (Japan), North American Lighting
(US), Renesas (Japan), Lumax (India), Aptiv
(Netherlands), Grupo Antolin (Spain), Lear
Corporation (US), Keboda (China), NXP
(Netherlands), Gentex (US), FlexNGate (US),
Federal-Mogul (US), Stanley Electric (Japan),
Ichikoh (Japan), and Zizala (Austria). Request
for Sample Pages _at_ https//www.marketsandmarkets.c
om/requestsampleNew.asp?id1133
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• Key Questions addressed by the report
• What is the scenario of the automotive lighting
  market in different regions (Europe/North America
  /Asia Pacific/Brazil/Russia)?
• Which of the adaptive lighting applications
  (On/Off, bending/curve, high beam assist,
  headlight leveling, rear adaptive, ambient light)
  will fare ahead of the others?
• What are the key market trends impacting the
  growth of the automotive lighting market?
• Which of the technologies (halogen, LED, xenon)
  is likely to be implemented the most during the
  next eight years?
• What opportunities and threats are faced by the
  automotive lighting market vendors?
• What are the key factors driving the global
  automotive lighting industry?
• What are the key challenges for the seamless
  growth of the automotive lighting market?
• What strategic initiatives are being implemented
  by the key players for business growth?
• What are the MA activities that have transpired
  in the last five years in this market, and what
  impact have they had on the industry?
• To speak to our analyst for a discussion on the
  above findings, click Speak to Analyst

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