The global automotive lighting market is projected to reach US$38.83 billion by 2028, recording a market growth of 5.52% over the forecast period of 2021-2028. The Data Bridge market research report provides analysis and insight into the leading market analysis scenarios, upcoming and future opportunities and competitors.

Market Analysis and Insights: Automotive Lighting Market

Automotive lighting is a vehicle lighting system that includes headlights and an integrated signaling device at the front and rear of the vehicle. Vehicle lights help pedestrians and other drivers see the direction, position and size of the vehicle. Lighting on the vehicle also gives an aesthetic appearance to the interior and exterior of the car. Car lighting is also important in terms of the safety of users and other road users.

The high price of LED lamps is likely to hold back the market growth. Old lighting technologies such as halogen are becoming increasingly unpopular among the new generation as they have several disadvantages such as energy loss and heat generation.

The biggest challenge for light commercial vehicle users is not to accept car headlights, because they have to travel longer distances and this lighting system will cost more, so they avoid spending money on lighting systems.

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Automotive Led Lighting Market Scope and Market Size

The automotive lighting market is segmented by technology, application, adaptive lighting, vehicle type, EV technology, EV application, two-wheel technology, and product size.

· The market for technology-based vehicle lighting is segmented into halogen, LED and xenon. LED lighting technology is expected to grow at the fastest growth rate during the forecast period as consumers are more likely to understand this technology due to its advantages such as high aesthetic value and low energy consumption.

· Based on application, the global automotive lighting market is segmented into exterior lighting, interior lighting, computer lighting and LCV lighting.

· Based on adaptive lighting, the global automotive lighting market is segmented into front adaptive lighting, rear adaptive lighting and ambient lighting. Adaptive front lighting is dominating the market due to advances in technology and the growing demand for front lighting in passenger cars.

Automotive Lighting Industry Country Level Analysis

The Automotive Lighting Market is also analyzed and market size, volume information is provided by Country, Technology, Application, Adaptive Lighting, Vehicle Type, EV Technology, EV Application, Two Wheel Technology and Product Scope as mentioned above.

The countries covered in the market report are the United States, Canada and Mexico in North America, Brazil, Argentina and other South America as part of South America, Germany, Italy, United Kingdom, France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia , Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia Pacific (APAC) in Asia Pacific (APAC), Saudi Arabia , United Arab Emirates, South Africa, Egypt, Israel, the rest of the Middle East and Africa (MEA) as part of the Middle East and Africa (MEA).

The Asia-Pacific region holds the largest market share and is expected to continue to have the largest market share in the automotive lighting market during the forecast period due to increased production and sales of vehicles as well as increased acceptance of lighting in vehicles.

Competitive Landscape and Automotive Lighting Market Report Share Analysis

The major players covered in the automotive lighting market report are

· Cree

· Tungsram

· HELLA GmbH & Co. KGaA

· Koninklijke Philips N.V.

· HYUNDAI MOBIS

· Valeo

· KOITO MANUFACTURING CO.

· Magneti Marelli S.p.A.

· OSRAM GmbH

· STANLEY ELECTRIC CO.

· ZKW

· Continental AG

Customization Available: Automotive Lighting Market Forecast

We can add as many competitors as you need data in the form and style of data you are looking for. Our team of analysts can also provide you with data in a raw Excel spreadsheet (Factbook) or help you create a presentation from the data set available in a report.

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Major TOC of The Led Lighting Market Forecast

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