Automotive lighting market is anticipated to grow at a CAGR of 10.1% during the forecast period. Increasing global production of commercial and passenger vehicles is likely to propel the automotive lighting market during the forecast period. According to the International Organization of Motor Vehicle Manufacturers (OICA), South Africa recorded a 3.5% increase in vehicle production in 2019 as compared to 2018. An automotive lighting system provides enhanced visibility in low-light areas and ensures the safety of pedestrians and other drivers which is another major factor bolstering the integration of lighting systems in vehicles. Furthermore, key players are continuously contributing to the growth of the market by launching new products in the market. For instance, in April 2021, Lumileds Holding B.V. launched Philips X-tremeUltinon LED headlight bulbs and fog light bulbs. The LED Headlights are white and bright compared to standard headlights, thus illuminating the road clearly without blinding oncoming drivers. Moreover, the product is designed with safe beam technology which creates a uniform and accurate beam pattern with the right cut-off point to reduce night-time glare. Philips X-tremeUltinon LED bulbs are designed for popular cars, trucks, SUVs, and vans.
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Major regions are discussed here includes Europe, Middle East, Africa, North America, Latin America and Asia Pacific. Target audience has grown fast therefore it is important to understand their needs and nothing is better than referring a good Automotive Lighting Market research report as it covers all the details. Such report allows business owners to well-serve them. Market research also allows enhancing customers’ buying decision and provides detailed information on pricing structure of major regions. Important data collection about the entire market is essential for market growth and Automotive Lighting Market report is the best medium to attain this.
Automotive Lighting Market research report also allows testing novel product features and gathering feedback from target customers. It works as the best guide in the product development. Another key part covered in this Automotive Lighting Market report is it allows making effective communication with customers and understanding competitors in the market. It further aims at providing accurate view of where to stack up in comparison. It provides understanding of position of different competitors in the market to spot out their strengths as well as weaknesses to help key players in addressing them better. Thorough data provided here includes competitive analysis for the estimation period 2022-2028 allows getting actionable insights into a huge amount of data of competitors. Secondary research technique can also be used to collect important market data. Automotive Lighting Market research report refers to the activity of collecting data related to market preferences as well as requirements. It affects each aspect of the business including product, consumer service and the brand. Automotive Lighting Market report also allows following important steps to fulfill the needs and reduce the risk involved in the business. Latest corona virus related details are also shared in this market study report to make aware about current market position and its impact on market.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Automotive Lighting Market Report Segment
By Application Type
- Front
- Side
- Rear
- Interior
By Technology
- Light Emitting Diode (LED)
- Halogen
- Xenon
By Vehicle Type
- Passenger Car
- Commercial Vehicle
Global Automotive Lighting Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global automotive lighting market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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