The automotive industry is flourishing and along with it, various other supporting industries are growing at a rapid rate. In the past recent years, demand for electronic vehicles has soared across the globe and gave the automotive industry various new avenues to grow and prosper.
The automotive industry is flourishing and along with it, various other supporting industries are
growing at a rapid rate. In the past recent years, demand for electronic vehicles has soared across
the globe and gave the automotive industry various new avenues to grow and prosper. This growth
has further augmented growth in the global automotive lighting industry. Advanced electric vehicles
have different type and designs of lighting systems to attract customers and help automotive
companies stand out of the league. Moreover, manufacturers focusing on improving visibility in the
dark and providing better automotive lighting market functions in bad weather conditions.
Get sample copy of
Market to Witness Outstanding Growth by Rising At 5.7% CAGR
Information presented in a report published by the Transparency Market Research reveals that the
global automotive lighting market is likely to witness incremental opportunity of ~ US$ 18
billion over the period of eight years from 2019 to 2027. This market is also projected to reach ~ US$
51.8 billion by the end of 2027. With such a high incremental opportunity available in the market,
the key players are projected to grow and prosper significantly in the coming years.
The report gives systematic analysis on prominent players operating in the market including Magneti
Marelli S.p.A, Hella KGaA Hueck & Co, ICHIKOH INDUSTRIES LTD, General Electric Co., Hyundai
Mobis, SAMSUNG ELECTRONICS Co., Ltd, Royal Phillips Electronics, and Zizala Lichtsysteme GmbH.
Leading players are engaged in extensive research and adopting advanced technologies to innovate
their products. This will also help them in improving their position in the market against their
competitors. Competition among the players in the global automotive lighting market is projected to
increase considerably during this tenure. This is mainly because of the presence of a large number of
players that have created a