Driving Factors In Automotive Lighting Market Industry Analysis And Forecast Till 2025

Automotive Lighting Market will register a CAGR of 9% during 2020-2024. The market’s growth momentum will Accelerate.

Increasing demand for effective interior lighting | Rise in penetration of LED lighting | Stringent regulations on road safety will be one of the major factors driving the growth of this market. Additionally, key Automotive Lighting Market trends such as the Stringent regulations on road safety will also influence market growth during the forecast period.

Automotive Lighting Market Size

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During the forecast period, the Automotive Lighting Market size will grow by $ 12.98 bn.

Automotive Lighting Market : Vendors

The market is fragmented and owing to the growth opportunities, the level of competition among the companies in this market space will intensify further. are some of the major companies in the Automotive Lighting Market. Though the forecast period offers opportunities for vendors to increase their market share, factors such as the High cost of LED lamps | Stringent regulations governing automotive lighting technologies | Slowdown in automotive industry will also challenge the growth of the companies.

General Electric Co. | HELLA GmbH and Co. KGaA | Hyundai Mobis Co. Ltd. | KOITO MANUFACTURING CO., Ltd. | Koninklijke Philips NV | LG Electronics Inc. | Magneti Marelli CK Holdings Co. Ltd. | OSRAM GmbH | Samsung Electronics Co. Ltd. | Valeo SA.list

are some of the companies covered in Technavio’s Automotive Lighting Market report for 2021-2025.

Automotive Lighting Market : Region-level Analysis

The report identifies region-level market dynamics, developments, and key markets. The regional level analysis also identifies the market share, growth momentum, and key leading countries in the Automotive Lighting Market.

The APAC will account for the largest Automotive Lighting Market share and during 2021-2025, the region will contribute to 58% of the market’s growth.

In addition to regions and the key companies involved, Technavio’s Automotive Lighting Market report also analyzes the market by Passenger cars | Commercial vehicles | APAC | Europe | North America | South America | MEA