The Automotive Lighting Market was valued at USD 26.49 billion in 2020, and it is expected to reach USD 39.77 billion by 2027, projecting a CAGR of 6% during the forecast period 2021-2027.
Lighting plays an important role in providing lighting to the driver in a car. The lighting system also helps other drivers and pedestrians on the road detect the location, direction, and size of the vehicle’s movement. It adds an aesthetic appearance to the interior and exterior parts of the vehicle while increasing the clarity of the vehicle. Consists of lighting and signaling devices. These lighting equipment are mounted in various locations such as the front, rear, top, and interior of the vehicle. Traditionally, halogen is an inexpensive and readily available technology and is the predominant lighting technology used, including xenon and LEDs as other major lighting technologies. Growing concerns about road safety and government regulations on lighting are major factors driving demand for lighting equipment. In addition, factors such as rising disposable incomes and improved lifestyle and transportation requirements are contributing to increased vehicle production, which is driving demand for automotive lighting.
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A full report of the Global Automotive Lighting Market is available at: https://www.orionmarketreports.com/automotive-lighting-market/58973/
Market Segments
By Technology
- Halogen
- LED
- Xenon
By Technology
- Halogen
- LED
- Xenon
By Adaptive lighting
- Front Adaptive lighting
- Rear Adaptive Lighting
Key Players
The key players of the global automotive lighting market are Magneti Marelli (Italy), Philips Lighting NV (Netherlands), Ichikoh Industries Ltd (Japan), HELLA KGaA Hueck & Co (Germany), KOITO MANUFACTURING CO., LTD (Japan), ZKW Lichtsysteme GmbH (Austria), Peterson Manufacturing Company (US), OSRAM GmbH (Germany), Stanley Electric Co. Ltd (Japan) and General Electric (US).
Scope of the Report
The research study analyzes the global Automotive Lighting industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
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
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Automotive Lighting Market Report
1. What was the Automotive Lighting Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
2. What will be the CAGR of the Automotive Lighting Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Automotive Lighting Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Automotive Lighting market.
- The market share of the global Automotive Lighting market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Automotive Lighting market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Automotive Lighting market.
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