Global Automotive Lighting Market To Register Scalable Growth With Usd 35.64 Billion Usd In 2027. In Low-Light Situations, An Automobile Lighting System Improves Visibility And Assures The Safety Of Pedestrians And Other Drivers. The Market Will Develop Due To The Ability Of Brake Lights And Indicators To Inform Passengers About Vehicle Presence And Travel Direction.
The Automotive Lighting Industry Is Experiencing Several Growth Prospects As a Result Of Technological Advancements In The Field Of Automotive Lighting. During The Projected Period, The Growing Market Trend Of Integrating Lighting With Advanced Driver Assistance Systems (Adas) Into Autonomous Vehicles Would Boost Market Revenue. Lighting Systems That Are Connected With Adas Help Drivers Identify The Speed Of Oncoming Vehicles More Accurately And Reduce The Number Of Collisions On The Road. Automotive Lighting’s Potential To Allow Transportation Management Centres, Vehicle-To-Vehicle Communication, And Vehicle Infrastructure Systems Will Drive Market Demand.
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The Industry’s Growth Is Being Hampered By Fluctuating Raw Material Costs And Hefty R&D Expenditures For The Constant Development Of Breakthrough Technologies In The Automotive Lighting Ecosystem. In Order To Create Sophisticated Technologies, Incumbent Industry Firms Invest Extensively In R&D, Making It Harder For New Players To Enter The Market. Various Trade Rules In Asia Pacific, North America, And Europe Are Altering Raw Material Costs And Important Players’ Sourcing Methods. Furthermore, The Lighting Industry’s Dynamic Landscape Contributes To The Companies’ Fluctuating Revenues.
Automotive Lighting Market Report Highlights
- Magneti Marelli Spa Teamed With China’s Highly Group In August 2019 To Form a Joint Venture That Might Produce Compressors And Heating, Ventilation, And Air Conditioning Systems (Hvac).
- Hella Flatlight Technology, a New Lighting Innovation For Rear Combo Lamps, Was Introduced In January 2020. The Optics, But Are Only Some Few Micrometers In Size, Enable For The Use Of Light’s Diffraction Qualities.
- Europe Has Been Identified As a Prominent Region, With a Focus On Pedestrian And Passenger Safety, As Well As Vehicle Safety Requirements. Regional Automakers And Material Suppliers Have Been Continuously Investing In Safety Technology Research And Development.
Automotive Lighting Market Segmentation
The Research Report Published By Market Research Strategy Contains Industry Segments, As Below-
Automotive Lighting Technology Outlook (Revenue, Usd Million, 2016 – 2027)
- ·Other Technologies
Automotive Lighting Application Outlook (Revenue, Usd Million, 2016 – 2027)
- · Interior Lighting
- · Exterior Lighting
Automotive Lighting Vehicle Type Outlook (Revenue, Usd Million, 2016 – 2027)
- · Passenger Cars
- · Commercial Vehicles
Automotive Lighting Regional Outlook (Revenue, Usd Million, 2016 – 2027)
- · North America (U.S., And Canada)
- · Europe (Germany, U.K., France, Italy, Spain Etc.)
- · Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, Etc.)
- · South America (Brazil, Mexico, Argentina Etc.)
- · Middle East & Africa (Saudi Arabia, Kuwait, Uae, South Africa Etc.)
List Of Key Players Of Automotive Lighting Market
- · Denso Corporation
- · General Electric
- · Hella Kgaa Hueck & Co.
- · Hyundai Mobis
- · Koito Manufacturing Co. Ltd.
- · Koninklijke Philips N.V.
- · Osram Licht Ag
- · Peterson Manufacturing
- · Philips Lighting Nv
- · Robert Bosch Gmbh
- · Stanley Electric Co. Ltd.
- · Valeo
- · Zizala Lichtsysteme Gmbh
- · Zkw Lichtsysteme Gmb
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