A fresh report titled “Automotive Lighting Market” has been presented by ReportsnReports. It evaluates the key market trends, advantages, and factors that are pushing the overall growth of the market.
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The Global Automotive Lighting Market size is projected to grow from USD 27.0 Billion in 2020 to USD 34.9 Billion by 2025, at a CAGR of 5.3% during the forecast period.
Top Key Players Profiled in the Automotive Lighting Market:
- Hella (Germany)
- Osram (Germany)
- Valeo (France)
- Continental (Germany)
- Philips (Netherlands)
- Bosch (Germany)
The LED technology is expected to be the fastest-growing market as it provides aesthetically appealing looks to the vehicle. Moreover, this lighting technology offers better visibility to both the driver and the oncoming car in comparison to other technologies like halogen and xenon.
Automotive lightings are used mostly used in passenger vehicles where the customer is aware of the benefits of adaptive headlights and is ready to invest.
Asia Pacific has been witnessing significant growth in the new car sales volume over the past few years, especially in emerging economies such as China and India. High disposable income of consumers and quick adoption of advancing technology, especially in vehicles, is expected to drive the demand for automotive lighting.
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Table of Contents:
1.1 Objectives Of The Study
1.2 Market Definition
1.2.1 Inclusions & Exclusions
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered For The Study
1.5 Package Size
2 Research Methodology
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