The approximately US$ 35 billion market for automotive lighting is estimated to observe just-under 5% Y-o-Y growth in 2019, according to a recently published Future Market Insights (FMI) report. While passenger cars have significantly driven the LED Automotive Lighting Sales, bright prospects have been foreseen for sales in electric, in line with the rising trend of vehicle electrification.
Nearly 60% of the automotive lighting systems installed are of headlights/front lights, which ... Read more
Automotive Lighting Market is anticipated to reach around USD 48.08 billion by 2026
Automotive Lighting Market Overview:
Automotive lighting is an integral part of all vehicles. The lighting is essential to ensure the safety, style and comfort of vehicles. The vehicle lighting system includes signaling and lighting devices installed in the front, rear, sides and inside ... Read more
"Increasing vehicle production and sales, technological advancement and tightened regulations regarding safety measures are the prominent driving forces for the automotive lighting market size. The global vehicle production has witnessed considerable increase due to growing demand and emerging economies. The technology has evolved to lead to the development of eco-friendly, energy efficient, easy to operate products.
Players within the market are competing with each other on the ... Read more
According to the new market research report Lighting Market for Automotive is projected to grow at a CAGR of 6.80% from 2017 to 2022 and is expected to reach USD 29.97 billion by 2022. Increasing vehicle production and lighting applications are the key factors driving the demand for lighting in the automotive industry. With the increase in sales of electric and hybrid vehicles, the demand for ... Read more
