Global Automotive Lighting Market research report delivers wide-ranging analysis of the market structure along with forecast of the diverse segments and sub-segments of the market. The report considers an in depth description, competitive scenario, wide product portfolio of key vendors and business strategy adopted by competitors along with their SWOT analysis and porter’s five force analysis. The report examines market by regions, especially North America, China, Europe, Southeast Asia, Japan, and India, focusing top manufacturers in global market, with respect to production, price, revenue, and market share for each manufacturer. Automotive Lighting Market report provides an in-depth overview of product specification, technology, product type and production analysis considering major factors such as revenue, cost, gross and gross margin.
Global automotive lighting market is expected to reach USD 38.83 billion by 2028 and witnessing market growth at a rate of 5.52% in the forecast period of 2021 to 2028. Data Bridge Market Research report on automotive lighting Market provides analysis and insights regarding the leading current market analysis scenario, upcoming as well as future opportunities and competitors.
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An increase in safety concerns on road is the major factor for the rising of the automotive lighting market. The government has also made some regulations related to the lighting for safety concerns which will drive the market in the future. Increased production of passenger and commercial vehicles is also driving the growth of the market. The disposable income of the users has increased due to which the demand for automobiles has increased which will also be expected to drive the automotive lighting market in the forecast period.
The innovations in the lighting system for better vision in poor air quality and the environment are creating huge opportunities for the market to grow in the future. The development of technologies will lead to open new opportunities for this market, as people are ready to opt for new types of lighting in their vehicles.
The high cost of LED lights is expected to hamper the growth of the market. Old lighting technology such as halogen is becoming less popular among the new generation as they have some disadvantages like energy waste and producing heat.
The major challenge is for the light commercial vehicle user are not adopting the automotive lighting as they have to travel a longer distance and this lighting system costs more to them, so they avoid spending money on the lighting system.
Global Automotive Lighting Market Scope and Market Size
- The automotive lighting market on the basis of technology has been segmented into halogen, LED and xenon. LED lighting technology is expected to grow with highest growth rate over the forecast period as the users are adopting this technology more due to its advantages like high aesthetic values and low power consumption.
- Based on application, global automotive lighting market has been segmented into exterior lighting, interior lighting, PC lighting and LCV lighting.
- Based on adaptive lighting, global automotive lighting market has been segmented into front adaptive lighting, rear adaptive lighting and ambient lighting. Front adaptive lighting is dominating the market due to technological advancements and rising demand for front lighting in passenger cars.
- On the basis of vehicle type, global automotive lighting market has been segmented into PC, LCV, HCV, EV and two-wheelers. The automotive lighting market will grow more in passenger car segment including buses also, due to more sales of passenger vehicles and willingness of vehicle owners to spend on lighting for their vehicle.
- Based on EV technology, global automotive lighting market has been segmented into halogen, LED, xenon.
- Based on EV application, global automotive lighting market has been segmented into exterior lighting, interior lighting.
- On the basis of product scale, global automotive lighting market has been segmented into OEMs and aftermarket. OEMs are dominating the market and are estimated to continue its dominance as many automobile manufacturers buy lighting from the OEMs directly.
The countries covered in the market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
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Leading Key Players Operating in the Automotive Lighting Market Includes:
The major players covered in the automotive lighting market report are Cree, Inc., Tungsram, HELLA GmbH & Co. KGaA, Koninklijke Philips N.V., HYUNDAI MOBIS, Valeo, KOITO MANUFACTURING CO., LTD., Magneti Marelli S.p.A., OSRAM GmbH, STANLEY ELECTRIC CO., LTD., ZKW, Continental AG, Grupo Antolin, Tenneco Inc., Lear Corporation, Gentex Corporation, FLEX-N-GATE CORPORATION, DENSO CORPORATION, Varroc Group, Lumax Industries, LG Electronics, SAMSUNG among some global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Key Pointers Covered in Automotive Lighting Market Industry Trends and Forecast to 2027
- Market Size
- Market Standards and Changes
- Market Trials in Different Regions
- Market Requirements in Different Regions
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Recent Market Value for Different regions
- Sales Data for Market Competitors
- Key Vendors and Disruptors Study
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
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