The global automotive lighting market size was valued at $18.00 billion in 2018, and is projected to reach $28.77 billion by 2026, registering a CAGR of 6% from 2019 to 2025. The rear lighting segment was the highest contributor to the market, with $5.61 billion in 2018, and is estimated to reach $8.87 billion by 2026, at a CAGR of 6% during the forecast period.
A full report of Automotive Lighting Market is available at: https://www.orionmarketreports.com/automotive-lighting-market/20709/
Market players are focusing on strategic partnerships and collaborations with other industry participants to develop innovative technologies for the market. For instance, in September 2019, Nichia Corporation entered a partnership with Infineon Technologies to develop high-density auto headlamps based on micro LED technology. The companies plan to launch these products in the commercial market by 2022. Other key strategies adopted by the players include new product launches and geographic expansion of their business operations.
Medical Laser Technology Market: Segmentation Analysis
By Technology Type
• LED
• Halogen
• Xenon
By Vehicle Type
• Passenger cars
• Commercial vehicles
• Two-wheelers
By Application
• Interior lighting
• Side lighting
• Rear lighting
• Front lighting/headlamps
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Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Key Questions Answered by Automotive Lighting Market Report
• What was the Automotive Lighting Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2019-2025).
• What will be the CAGR of Automotive Lighting Market during the forecast period (2019-2025)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2019-2025)?
• Which manufacturer/vendor/players in the Automotive Lighting Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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