Automotive Lighting Market worth $34.9 billion in 2025

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MarketsandMarkets Presents

Automotive Lighting Market worth 34.9 billion in
2025
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utomotive-lighting-market-1133.html
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"Automotive Lighting Market for ICE EV by
Technology (Halogen, LED, Xenon/HID), Position
Application (Head, Side, Tail, Fog, DRL, CHMSL,
Dashboard, Glovebox, Reading, Dome, Rear View
Mirror), Adaptive Lighting and Region - Global
Forecast to 2025", size is estimated to be USD
27.0 billion in 2020 to USD 34.9 billion in 2025,
at a CAGR of 5.3. 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 393 market data Tables and 69
Figures spread through 302 Pages and in-depth TOC
on "Automotive Lighting Market Download PDF
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wnloadNew.asp?id1133 Key Players 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), and Federal-Mogul (US).
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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. Historically, vehicle production
declined from 2017 to 2019, which also impacted
the automotive lighting market. Due to the
COVID-19 pandemic, the production sale of
vehicles have witnessed a major decline and are
expected to see a 20 decline in 2020
(MarketsandMarkets analysis). Thus, the
automotive lighting market could register a
further decline in 2020. The LED technology is
expected to be the fastest-growing segment The
LED technology is expected to grow at the fastest
rate as this 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.
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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 2017 and 2018, and this
trend is likely to continue till 2025. 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 are expected to drive the
growth of the automotive lighting
industry. However, the Asia Pacific automotive
industry has faced major challenges due to the
COVID-19 pandemic. For instance, the production
activities of major OEMs, like General Motors,
Honda, Nissan, Peugeot, and Renault, have been
disrupted, thereby impacting the automotive
lighting market as well. For instance, two-thirds
of automotive production has been directly
affected by Chinas industrial lockdown,
impacting the suppliers of lighting system
components as well. Additionally, the shortage of
Chinese-made parts has impacted global
production. Request FREE Sample Report _at_
https//www.marketsandmarkets.com/requestsampleNew
.asp?id1133
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• Recent Developments
• In June 2019, Hella offered an integrated
  solution for complex lighting systems. The
  companys two business divisions, Lighting and
  Electronics, have been working closely to combine
  their product technologies into a flexible and
  modular product system. Headlight modules,
  electric control units, and sensors can be
  assembled according to the modular principle.
• In April 2019, Hella signed a strategic
  cooperation agreement with Wuling Automotive
  Industry, which belongs to the Chinese Guangxi
  Automobile Group. Both partners intended to work
  together on automotive lighting technologies for
  the Chinese market, with a focus on the
  development of headlamps for the volume segment.
• In January 2019, Hella launched Shapeline lamps,
  work lights, auxiliary lamps, warning lights, and
  accessories. The company equipped a show truck
  with lighting solutions that were developed for
  trucks and trailers.
• In November 2018, Hella and Faurecia entered into
  a strategic collaboration to partner on interior
  lighting solutions for the cockpit. Both
  companies jointly developed lighting solutions in
  the domain of surface-lighting and
  dynamic-lighting for a personalized cockpit
  environment. Faurecia contributed its expertise
  as a complete system integrator for vehicle
  interiors, while Hella supplied innovative
  products in the field of interior lighting.
• Dont miss out on business opportunities in
  Automotive Lighting Market. Speak to our analyst
  and gain crucial industry insights that will help
  your business grow.

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