Jersey City, New Jersey, Dec. 15, 2022 (GLOBE NEWSWIRE) -- Verified Market Research® recently published a report, “Automotive Lighting Market” By Technology (Halogen, LED, Xenon), By Application (Exterior Lighting, Interior Lighting), By Vehicle Type (Passenger Car, Bus, Truck), and By Geography.
As per the deep research carried out by Verified Market Research®, the global Automotive Lighting Market size was valued at USD 19.37 Billion in 2020 and is projected to reach USD 24.85 Billion by 2028, growing at a CAGR of 3.11% from 2021 to 2028.
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Browse in-depth TOC on “Automotive Lighting Market”
202 - Pages
126 – Tables
37 – Figures
Global Automotive Lighting Market Overview
The lighting system is one of the primary components in vehicles as it assists in operating vehicles at night. Along with security applications, lighting systems also improve the aesthetics of the vehicle's interior and external look. As per the government requirements, it is necessary to install lights at various locations such as front, back, top, and interior, to make it safe during inclement weather. There are various types of lighting systems that are used for various applications based on the weather and lighting requirements.
Lighting systems are a necessity in the automotive industry because of safety measures defined by the governments. Technological advancements in the automotive lighting industry have increased the use of LED headlights. New cutting-edge automotive lighting systems also come with cameras that can show much more detailed information about surroundings. As newer technologies are hitting the market, many new and advanced lighting systems such as European Adaptive Driving Beam (ADB) headlamp system, are expected to contribute to the automotive lighting market.
Verified Market Research® narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The “Global Automotive Lighting Market” is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.
Key Players
The “Global Automotive Lighting Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Hella, Marelli, Osram, Valeo, Continental, Hyundai Mobis Co., Ltd., Robert Bosch GmbH, Lear Corporation, Denso Corporation, and Lumax Industries.
Based on the research, Verified Market Research® has segmented the global Automotive Lighting Market into Technology, Application, Vehicle Type, and Geography.
- Automotive Lighting Market, by Technology
- Halogen
- LED
- Xenon
- Automotive Lighting Market, by Application
- Exterior Lighting
- Interior Lighting
- Automotive Lighting Market, by Vehicle Type
- Passenger Car
- Light Commercial Vehicle
- Bus
- Truck
- Automotive Lighting Market, by Geography
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
- Middle East & Africa
- Latin America
- North America
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