The global demand for Automotive Lighting Market is presumed to reach the valuation of nearly USD XX.X MN by 2026 from USD XX.X MN in 2019 with a CAGR of X.XX% under the study period of 2020- 2026.
By Vehicle Type
Automotive lighting refers to the lighting system of a motor vehicle, which consists of the lighting or signaling devices integrated on the sides, front, rear, and top of the vehicle. The lightings help in increasing the visibility of the vehicles for the driver. Moreover, it allows a pedestrian and driver to see a vehicle’s presence, position, size, direction of travel, and also the intentions of the driver regarding the direction and speed of travel.
The increasing demand for premium segment vehicles is primarily driving the market growth. High demand for adaptive lighting is again accelerating market growth. Along with this, lighting regulations for better visibility and safety are further accelerating the demand. However, the high cost of LED lights and low penetration of advanced lighting in hatchback, compact sedan, and entry-level SUV is expected to hamper the market growth. Whereas, the evolution of new technologies in automotive lighting is likely to create potential opportunities over the forecast period.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of automotive lighting.
The entire automotive lighting market has been sub-categorized into technology, vehicle type, and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Passenger cars
- Commercial vehicles
- Front lighting/Headlamps
- Rear lighting
- Interior lighting
- Side lighting
This section covers regional segmentation which accentuates on current and future demand for automotive lighting market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Europe Automotive Lighting Market By Revenue (USD MN)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the automotive lighting market include General Electric Company, HELLA GmbH & Co. KGaA, Hyundai MOBIS, Koito Manufacturing Co., Ltd., Koninklijke Philips N.V., Magneti Marelli S.p.A., Namyung Lighting, OSRAM Group, Samsung Electronics Co., Ltd., Seoul Semiconductor Co., Ltd. and Others. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.