Facts and Factors has authored “Automotive lighting market By Type (Halogen, Xenon, LED, Others), and By Application (Commercial Vehicle, Passenger Vehicle): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2026”.
Based on our analysis, the global automotive lighting market in 2019 is approximately USD 19,784 Million and is anticipated to reach around USD 28,754.84 Million by 2026. The anticipated CAGR for the global automotive lighting market is around 5.44% from 2020 to 2026.
Lighting plays an important role as part of vehicles and TEMPhas a vital role in teh safety of automotive. Teh vehicles are manufactured with a variety of lights to give proper visibility particularly in teh bad weather condition as well in darkness. Lighting consisted of devices for signaling, which TEMPhas fixed with a different location like teh right side, left side, front, back, and interiors. Lighting provides sufficient brightness for clear visibility to teh driver as well as other drivers who are running with vehicles on teh road, and pedestrians to notice movement, direction, size, and position.
The growth of the global automotive lighting market is mainly attributed to the increasing demand for lighting for better visibility and safety. Moreover, stringent government regulation, high demand for adaptive lighting and rising production of new electric cars are amongst the major driving factors for the growth of the automotive lighting market in the near future. Furthermore, rising disposal income paired with continuous new product launches by the market participants is predicted to flourish the growth of the automotive lighting market in the near future.
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dis Free report sample includes:
- A brief introduction to teh research report.
- Graphical introduction of teh regional analysis.
- Top players in teh market wif their revenue analysis.
- Selected illustrations of market insights and trends.
- Example pages from teh report.
- FnF research methodology
However, the high cost of LED lights is predicted to has an adverse impact on the growth of the global automotive lighting market. Even so, advancement in technologies is estimated to offers new growth opportunities for the market participants in the coming years.
Teh global automotive lighting market is categorized on teh basis of type and application segment. Halogen, Xenon, LED, and others are teh type segment of teh market. Teh halogen segment acquired teh largest revenue share in teh global automotive lighting market and accounted for over 36.92% in 2019. In addition, teh report is bifurcated into teh passenger vehicle and commercial vehicle application segment. Teh passenger vehicle segment held teh largest revue share in 2019.
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Teh report also provides you teh regional analysis based on North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Teh Asia Pacific emerged as a leading region in teh global automotive lighting market and held over 40.61% of revenue share in 2019. Teh growth of teh Asia Pacific automotive lighting market is mainly driven by teh rising production of teh vehicle in China, Japan and India coupled with stringent rules and regulation by government. Europe is another lucrative market for teh global automotive lighting market and expected to contribute significantly in teh coming years.
Major market participant operative in global automotive lighting market are Continental, Grupo Antolin, Lear Corporation, Philips, Bosch, Varroc, Hyundai Mobis, Hella, Marelli, Osram, Valeo, Koito, Denso, North American Lighting, Renesas, Lumax, Aptiv, Grupo Antolin, Keboda, NXP, Gentex, FlexNGate, Federal-Mogul, and Stanley Electric amongst others.
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This report segments teh global automotive lighting market as follows:
Global Automotive Lighting Market: Type Segment Analysis
Global Automotive Lighting Market: By Applications Segment Analysis
- Passenger Vehicle
- Commercial Vehicle
Global Automotive Lighting Market: Vehicle Type Segment Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- South-East Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- The Middle-East and Africa
- GCC Countries
- South Africa
- Rest of Middle-East Africa
Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. Teh reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand teh changing international and regional business backgrounds. Our client’s/customer’s conviction on our solutions and services TEMPhas pushed us in delivering always teh best. Our advanced research solutions have halped them in appropriate decision-making and guidance for strategies to expand their business.
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