Automotive Lighting Market To Reach USD 37130 Million by 2027 Growing At A CAGR of 4.8% | Valuates Reports
BANGALORE, India, Nov. 16, 2022 /PRNewswire/ -- Automotive Lighting Market is Segmented By Type(Halogen Lighting, HID Lighting, LED Lighting), By Application (Passenger Vehicle, Commercial Vehicle) : Opportunity Analysis and Industry Forecast, 2022–2028. It is published in Valuates Reports under the Autos & Vehicles Category.
Automotive Lighting Market was valued at USD 24160 million in 2020 and it is expected to reach USD 37130 million by the end of 2027, growing at a CAGR of 4.8% during 2021-2027.
Major Factors Driving the Growth Of The Automotive Lighting Market
Growing demand for premium and luxury cars and SUVs and technological developments in adaptive lighting technology are some of the major factors driving the growth of the automotive lighting industry.
Browse The Detailed Report: https://reports.valuates.com/market-reports/QYRE-Auto-18B8964/global-automotive-lighting
TRENDS INFLUENCING THE GROWTH OF THE AUTOMOTIVE LIGHTING MARKET
Modern lighting trends that strive to inspire and satisfy consumers while enhancing comfort and safety are available to automotive makers today. Vehicle lighting systems can convey a sensation, add flair, hint at a quality, and create an ambiance. However, whether the interior or exterior lighting is powered by LEDs, conventional light bulbs, or more sophisticated electronics, optimizing the light source for consistency and performance is crucial for manufacturers and drivers as well as other drivers, pedestrians, and other road users. Inaccurate results can result in failing standards tests, losing contracts, and giving customers a bad experience. This factor is expected to drive the growth of the Automotive Lighting market.
A major global trend is contemporary automobile lighting. Automobile drivers are increasingly drawn to the newest lighting advancements as technology in this area develops. The main goals of automotive lighting trends and research are enhanced performance, increased security, and a recognizable appearance. For the first time, headlight aesthetics could be used by automakers to mark their vehicles because of the scale of LEDs. This trend is expected to drive the growth of the Automotive Lighting market.
Furthermore, the emergence of autonomous vehicles gives headlights a new function which is acting as the car's eyes and sensing its surroundings. To map their surroundings and follow nearby objects, autonomous vehicles need a variety of sensors, such as cameras, lidars, radars, and ultrasonic sensors. The sensors are best placed where the headlights and taillights are because they offer a 360° view of the vehicle. This will further fuel the Automotive Lighting market.
Get Your Sample Report Today: https://reports.valuates.com/request/sample/QYRE-Auto-18B8964/Global_Automotive_Lighting_Market_Outlook_2022
AUTOMOTIVE LIGHTING MARKET SHARE ANALYSIS:
With a sales share of over 29% in the global market, The implementation of safety regulations for automobiles and an emphasis on both pedestrian and passenger safety have made Europe a recognized main region. Regional automakers and suppliers of auto parts have been making ongoing investments in the R&D of safety technology. The European area is anticipated to have a significant impact on the global automotive lighting market as a result of the automotive industry's rapid technological improvements.
Koito, Magneti Marelli, Valeo, Hella, Stanley Electric, HASCO, ZKW Group, Varroc, SL Corporation, Xingyu, Hyundai IHL, TYC, and DEPO are some of the major players. The top 3 businesses held 46% of the Automotive Lighting Market.
Buy Regional Market Chapter: https://reports.valuates.com/market-reports/QYRE-Auto-18B8964/global-automotive-lighting/4
Key Companies:
- Koito
- Magneti Marelli
- Valeo
- Hella
- Stanley Electric
- HASCO
- ZKW Group
- Varroc
- SL Corporation
- Xingyu
- Hyundai IHL
- TYC
- DEPO
Buy Chapter On Company Profiles: https://reports.valuates.com/market-reports/QYRE-Auto-18B8964/global-automotive-lighting/7
Buy Now for Single User + Covid-19 Impact:
https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-18B8964&lic=single-user
SUBSCRIPTION
We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.
SIMILAR REPORTS:
- Automotive Lighting Adhesive Market
- Automotive Interior LED Lighting Market
- Automotive Intelligent Lighting System Market
- Automotive Lighting Molds Market
- Automotive Cabin Lighting Market
- Automotive Lighting Actuator Market
- Next-Generation Automotive Lighting Market
- Automotive Remote Diagnostics Market
- Plastic Fuel Tanks for Automotive Market
- Automotive Motor MarketAutomotive TCU Market
- Automotive Door Seals Market
- Automotive Outside Door Handle Market
- Automotive Airbag Control Module Market
- Automotive Silicone Elastomers Market
- Automotive Connectors Market
- Automotive EMI Shielding Market
- Automotive Hardware Security Module Market
- Automotive Shark Fin Antenna Market
- Electric Scooter and Motorcycle Market
- Automotive Accessories Market
- Driver Monitoring System Market
Click here to see related reports on the Automotive Lighting Market
ABOUT US:
Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.
Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request any particular information from a report that meets your market analysis needs.
To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.
CONTACT US:
Valuates Reports
sales@valuates.com
For U.S. Toll-Free Call 1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp: +91-9945648335
Website: https://reports.valuates.com
Twitter - https://twitter.com/valuatesreports
LinkedIn - https://in.linkedin.com/company/valuatesreports
Sitemap: https://reports.valuates.com/sitemap/html/reports
Logo: https://mma.prnewswire.com/media/1082232/Valuates_Reports_Logo.jpg
Share this article