Automotive lighting market is anticipated to grow at a CAGR of 10.1% during the forecast period. Automotive Lighting Market research report allows making important decision making essential for business growth. It helps key participants further in applying right business ideas to grow business and choose the right business doing strategy. Having complete understanding of what purchasers are looking for in the market and which factors can influence their purchasing decision greatly helps to make investment in the right product development and launch it accordingly. It is also crucial for major participants to understand the behavior of target customers to bring novel products into the market. This Automotive Lighting Market report serves as a blueprint to get thorough study of market competition, target audience and entire market.
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Among the technology, the LED sub-segment is expected to hold a prominent share of the automotive lighting market over the forecast period. The low energy consumption and excellent power output drive the LED segment over the forecast period. Key manufacturers are focusing to launch advanced LED lights to cater to the demand. For instance, in January 2019, Valeo and Cree, Inc. jointly developed the first complete high-definition (HD) LED array solution for automotive lighting systems named Valeo PictureBeam Monolithic. It provides both glare-free and high beam road marking functions together with high-performance low beam and high beam in a single compact solution. The solution incorporates a scalable LED array in which the pixels of the light beam are formed directly at the light source. The module is therefore smaller and weighs less than other HD lighting systems.
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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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