Automotive Lighting Market size was valued at USD 19.97 Billion in 2021 and is projected to reach USD 26.46 Billion by 2030, growing at a CAGR of 3.18% from 2023 to 2030.
Automotive Lighting Market Definition
In vehicles, light is essential since it lights them and establishes their position and direction of movement. Thanks to recent technology improvements, lighting is also used to enhance the appearance of a vehicle’s interior and exterior components. To enhance vehicle safety and visibility in bad weather, lights are installed in a number of places, including the front, back, top, and interior. Lighting is a service that is required in all industries, according to the Bureau of Energy Efficiency (BEE). Industrial lighting uses between 2 and 10% of total energy, depending on the industry. Innovation and ongoing development in the lighting industry have created tremendous potential for energy savings.
A filament in an incandescent lamp is heated to incandescence by an electric current running through it. The essential parts of an incandescent lamp, also referred to as a GLS (General Lighting Service) light, are the filament, the bulb, the fill gas, and the cap. Incandescent reflector lamps include a premium internal mirror that complements the parabolic curve of the bulb. Because the reflector won’t corrode, the lamp will last a long time and produce a lot of light. The light from a gas discharge lamp is created by the excitation of gas that is housed in either an elliptical or tubular outer bulb. The most popular di, The light emitted by one or more lamps is distributed, filtered, or transformed by a luminaire, which is a lighting fixture.
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Global Automotive Lighting Market: Major Players
Magneti Marelli S.P.A.
Osram Licht AG, Valeo S.A.
General Electric Company
Ichikoh Industries Ltd.
Stanley Electric Co. Ltd.
Hella KGaA Hueck & Co.
Royal Philips N.V.
Koito Manufacturing Co., Ltd.
Zizala Lichtsysteme GMBH
Global Automotive Lighting Market: Types
Classic Lighting
LED Lighting
Global Automotive Lighting Market: Applications
Commercial Vehicle
Passenger Vehicle
Global Automotive Lighting Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Automotive Lighting market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
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- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Market dynamics scenario, along with growth opportunities of the market in the years to come
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