Global Automotive Lighting Market 2024-2028
The automotive lighting market is forecasted to grow by USD 12377.6 mn during 2023-2028, accelerating at a CAGR of 8.09% during the forecast period. The report on the automotive lighting market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for effective interior lighting, rise in penetration of led lighting, and stringent regulations on road safety.
Technavio's automotive lighting market is segmented as below:
ByVehicle Type
- Passenger cars
- Commercial vehicles
ByEnd-user
ByGeography
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the development of autonomous vehicles as one of the prime reasons driving the automotive lighting market growth during the next few years. Also, increasing demand for electric vehicles and advances in lighting systems will lead to sizable demand in the market.
The report on the automotive lighting market covers the following areas:
- Automotive lighting market sizing
- Automotive lighting market forecast
- Automotive lighting market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive lighting market vendors that include Continental AG, FlexNGate Group of Companies, General Electric Co., Hyundai Motor Group, Koito Manufacturing Co. Ltd., Koninklijke Philips N.V., LG Corp., Lumax Industries Ltd, Marelli Holdings Co. Ltd., Namyung Lighting Co. Ltd, NXP Semiconductors NV, OSRAM Licht AG, Robert Bosch GmbH, Samsung Electronics Co. Ltd., Seoul Semiconductor Co. Ltd., Stanley Electric Co. Ltd., Stellantis NV, Suprajit Engineering Ltd., Valeo SA, and Varroc Engineering Ltd.. Also, the automotive lighting market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.