Automotive Lighting Market to Grow at CAGR of 5 % through 2030 to reach a valuation of US$ 65 Bn

Author : Brian M. Ford
Publish Date : 2021-04-17 10:09:56
Automotive Lighting Market to Grow at CAGR of 5 % through 2030 to reach a valuation of US$ 65 Bn

Fact.MR Automotive Lighting Market

The global automotive lighting market is projected to grow at 5% and will be valued at US$ 65 Bn by the end of the forecast period (2020-2030). However, the COVID-19 crisis has impacted the growth trajectory as the demand for automotives has fallen sharply. In the wake of disruption of supply chains and the shutdown of manufacturing plants, the automotive lighting market growth has been profoundly affected.

To get in-depth information view the report-https://www.factmr.com/report/4795/automotive-lighting-market

At the same time, some of the world's leading manufacturers of automotive lighting are confident that the post-pandemic era will herald an uptick in the sales of automotive lighting. Based on these trends, Fact.MR forecasts that the automotive lighting market will experience a V-shaped recovery curve in the long term forecast period.

For Detailed Insights On Enhancing Your Product Footprint, Request For A Sample Here-https://www.factmr.com/connectus/sample?flag=S&rep_id=4795

Key Takeaways of the Automotive Lighting Market Study

The global automotive lighting market is expected to generate an absolute $ opportunity of US$ 30 Bn during the forecast period, adding ~1.8X more value in 2030 as compared to 2020.The cost of LEDs is much higher than traditional halogens and HID lights and is thus limited to premium markets, including luxury cars and SUVs.Automakers are investing in deciding the designs of front headlights as it is the most attractive component of consumer focus. Thus, the front headlights segment has been the leader in the market, contributing ~60% of the global revenue share in 2019.East Asia is projected to be the most prominent region for automotive lighting, estimated to account for more than 30% market share. However, due to the rapid spread of COVID-19 in China, Japan & South Korea the market growth for automotive lighting shall be impacted in the short-term.

“The automotive industry has entered a muted phase of growth due to the COVID-19 pandemic, leading to declining sales. However, the re-opening of vehicle manufacturing plants in the aftermath is anticipated to restore the growth trajectory of the automotive lighting market.” estimates the Fact.MR Analyst.

Get Access To Research Methodology Prepared By Experts-https://www.factmr.com/connectus/sample?flag=RM&rep_id=4795

Notable Development Trends to Open up New Horizons of Growth for Automotive Lighting Market

With the latest developments on track, groundbreaking changes in lighting procedures have opened up entirely new horizons in the design of automotive exteriors and interior lighting. In addition to the introduction of emerging technologies as well as electronic modules and modular parts, the automotive lighting industry leaders are continuing to explore new growth prospects across various geographic regions. Moreover, Market players have been channelizing efforts towards strengthening their distribution channels while also focusing on establishing long term supply contracts with automobile manufacturers. For Instance, in 2018, Koito Manufacturing Co., Ltd. developed an innovative XLS (exchangeable LED signal) lamp with different light versions to facilitate signal applications in vehicles. In the same year, LG Electronics completed the acquisition of ZKW Group, a leading provider of automotive lighting and headlights. With this acquisition, company focus is on expanding its business reach in the automotive sector.

Grow Your Business From Expert Advice-https://www.factmr.com/connectus/sample?flag=AE&rep_id=4795

Find More Valuable Insights on Automotive Lighting Market

Fact.MR, in its new offering, provides an unbiased analysis of the global automotive lighting market, presenting historical demand data (2015-2019) and forecast statistics for the period, 2020-2030. The study divulges compelling insights on the automotive lighting market on the basis of Application (Front Headlights, Fog Lights, Rear Lights, Side Lights, Interior Lights), Vehicle Type (Passenger Cars, LCVs, HCVs, Electric Vehicles, Two Wheelers), Light Source (Halogen, LEDs, Xenon), Sales Channel (OEM, Aftermarket), and across seven regions.

Contact:

US Sales Office:11140 Rockville PikeSuite 400Rockville, MD 20852United StatesTel: +1 (628) 251-1583

Corporate Headquarter:

Unit No: AU-01-H Gold Tower (AU),Plot No: JLT-PH1-I3A,Jumeirah Lakes Towers,Dubai, United Arab EmiratesEmail: [email protected] Our Website: https://www.factmr.comResearch Insight: https://www.factmr.com/report/4795/automotive-lighting-marketContent Source: https://www.factmr.com/media-release/1564/global-automotive-lighting-market

About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able resear

Fact.MR Automotive Lighting Market

The global automotive lighting market is projected to grow at 5% and will be valued at US$ 65 Bn by the end of the forecast period (2020-2030). However, the COVID-19 crisis has impacted the growth trajectory as the demand for automotives has fallen sharply. In the wake of disruption of supply chains and the shutdown of manufacturing plants, the automotive lighting market growth has been profoundly affected.

To get in-depth information view the report-https://www.factmr.com/report/4795/automotive-lighting-market

At the same time, some of the world's leading manufacturers of automotive lighting are confident that the post-pandemic era will herald an uptick in the sales of automotive lighting. Based on these trends, Fact.MR forecasts that the automotive lighting market will experience a V-shaped recovery curve in the long term forecast period.

For Detailed Insights On Enhancing Your Product Footprint, Request For A Sample Here-https://www.factmr.com/connectus/sample?flag=S&rep_id=4795

Key Takeaways of the Automotive Lighting Market Study

The global automotive lighting market is expected to generate an absolute $ opportunity of US$ 30 Bn during the forecast period, adding ~1.8X more value in 2030 as compared to 2020.The cost of LEDs is much higher than traditional halogens and HID lights and is thus limited to premium markets, including luxury cars and SUVs.Automakers are investing in deciding the designs of front headlights as it is the most attractive component of consumer focus. Thus, the front headlights segment has been the leader in the market, contributing ~60% of the global revenue share in 2019.East Asia is projected to be the most prominent region for automotive lighting, estimated to account for more than 30% market share. However, due to the rapid spread of COVID-19 in China, Japan & South Korea the market growth for automotive lighting shall be impacted in the short-term.

“The automotive industry has entered a muted phase of growth due to the COVID-19 pandemic, leading to declining sales. However, the re-opening of vehicle manufacturing plants in the aftermath is anticipated to restore the growth trajectory of the automotive lighting market.” estimates the Fact.MR Analyst.

Get Access To Research Methodology Prepared By Experts-https://www.factmr.com/connectus/sample?flag=RM&rep_id=4795

Notable Development Trends to Open up New Horizons of Growth for Automotive Lighting Market

With the latest developments on track, groundbreaking changes in lighting procedures have opened up entirely new horizons in the design of automotive exteriors and interior lighting. In addition to the introduction of emerging technologies as well as electronic modules and modular parts, the automotive lighting industry leaders are continuing to explore new growth prospects across various geographic regions. Moreover, Market players have been channelizing efforts towards strengthening their distribution channels while also focusing on establishing long term supply contracts with automobile manufacturers. For Instance, in 2018, Koito Manufacturing Co., Ltd. developed an innovative XLS (exchangeable LED signal) lamp with different light versions to facilitate signal applications in vehicles. In the same year, LG Electronics completed the acquisition of ZKW Group, a leading provider of automotive lighting and headlights. With this acquisition, company focus is on expanding its business reach in the automotive sector.

Grow Your Business From Expert Advice-https://www.factmr.com/connectus/sample?flag=AE&rep_id=4795

Find More Valuable Insights on Automotive Lighting Market

Fact.MR, in its new offering, provides an unbiased analysis of the global automotive lighting market, presenting historical demand data (2015-2019) and forecast statistics for the period, 2020-2030. The study divulges compelling insights on the automotive lighting market on the basis of Application (Front Headlights, Fog Lights, Rear Lights, Side Lights, Interior Lights), Vehicle Type (Passenger Cars, LCVs, HCVs, Electric Vehicles, Two Wheelers), Light Source (Halogen, LEDs, Xenon), Sales Channel (OEM, Aftermarket), and across seven regions.

Contact:

US Sales Office:11140 Rockville PikeSuite 400Rockville, MD 20852United StatesTel: +1 (628) 251-1583

Corporate Headquarter:

Unit No: AU-01-H Gold Tower (AU),Plot No: JLT-PH1-I3A,Jumeirah Lakes Towers,Dubai, United Arab EmiratesEmail: [email protected] Our Website: https://www.factmr.comResearch Insight: https://www.factmr.com/report/4795/automotive-lighting-marketContent Source: https://www.factmr.com/media-release/1564/global-automotive-lighting-market

About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Head

Fact.MR Automotive Lighting Market

The global automotive lighting market is projected to grow at 5% and will be valued at US$ 65 Bn by the end of the forecast period (2020-2030). However, the COVID-19 crisis has impacted the growth trajectory as the demand for automotives has fallen sharply. In the wake of disruption of supply chains and the shutdown of manufacturing plants, the automotive lighting market growth has been profoundly affected.

To get in-depth information view the report-https://www.factmr.com/report/4795/automotive-lighting-market

At the same time, some of the world's leading manufacturers of automotive lighting are confident that the post-pandemic era will herald an uptick in the sales of automotive lighting. Based on these trends, Fact.MR forecasts that the automotive lighting market will experience a V-shaped recovery curve in the long term forecast period.

For Detailed Insights On Enhancing Your Product Footprint, Request For A Sample Here-https://www.factmr.com/connectus/sample?flag=S&rep_id=4795

Key Takeaways of the Automotive Lighting Market Study

The global automotive lighting market is expected to generate an absolute $ opportunity of US$ 30 Bn during the forecast period, adding ~1.8X more value in 2030 as compared to 2020.The cost of LEDs is much higher than traditional halogens and HID lights and is thus limited to premium markets, including luxury cars and SUVs.Automakers are investing in deciding the designs of front headlights as it is the most attractive component of consumer focus. Thus, the front headlights segment has been the leader in the market, contributing ~60% of the global revenue share in 2019.East Asia is projected to be the most prominent region for automotive lighting, estimated to account for more than 30% market share. However, due to the rapid spread of COVID-19 in China, Japan & South Korea the market growth for automotive lighting shall be impacted in the short-term.

“The automotive industry has entered a muted phase of growth due to the COVID-19 pandemic, leading to declining sales. However, the re-opening of vehicle manufacturing plants in the aftermath is anticipated to restore the growth trajectory of the automotive lighting market.” estimates the Fact.MR Analyst.

Get Access To Research Methodology Prepared By Experts-https://www.factmr.com/connectus/sample?flag=RM&rep_id=4795

Notable Development Trends to Open up New Horizons of Growth for Automotive Lighting Market

With the latest developments on track, groundbreaking changes in lighting procedures have opened up entirely new horizons in the design of automotive exteriors and interior lighting. In addition to the introduction of emerging technologies as well as electronic modules and modular parts, the automotive lighting industry leaders are continuing to explore new growth prospects across various geographic regions. Moreover, Market players have been channelizing efforts towards strengthening their distribution channels while also focusing on establishing long term supply contracts with automobile manufacturers. For Instance, in 2018, Koito Manufacturing Co., Ltd. developed an innovative XLS (exchangeable LED signal) lamp with different light versions to facilitate signal applications in vehicles. In the same year, LG Electronics completed the acquisition of ZKW Group, a leading provider of automotive lighting and headlights. With this acquisition, company focus is on expanding its business reach in the automotive sector.

Grow Your Business From Expert Advice-https://www.factmr.com/connectus/sample?flag=AE&rep_id=4795

Find More Valuable Insights on Automotive Lighting Market

Fact.MR, in its new offering, provides an unbiased analysis of the global automotive lighting market, presenting historical demand data (2015-2019) and forecast statistics for the period, 2020-2030. The study divulges compelling insights on the automotive lighting market on the basis of Application (Front Headlights, Fog Lights, Rear Lights, Side Lights, Interior Lights), Vehicle Type (Passenger Cars, LCVs, HCVs, Electric Vehicles, Two Wheelers), Light Source (Halogen, LEDs, Xenon), Sales Channel (OEM, Aftermarket), and across seven regions.

Contact:

US Sales Office:11140 Rockville PikeSuite 400Rockville, MD 20852United StatesTel: +1 (628) 251-1583

Corporate Headquarter:

Unit No: AU-01-H Gold Tower (AU),Plot No: JLT-PH1-I3A,Jumeirah Lakes Towers,Dubai, United Arab EmiratesEmail: [email protected] Our Website: https://www.factmr.comResearch Insight: https://www.factmr.com/report/4795/automotive-lighting-marketContent Source: https://www.factmr.com/media-release/1564/global-automotive-lighting-market

About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensur

Fact.MR Automotive Lighting Market

The global automotive lighting market is projected to grow at 5% and will be valued at US$ 65 Bn by the end of the forecast period (2020-2030). However, the COVID-19 crisis has impacted the growth trajectory as the demand for automotives has fallen sharply. In the wake of disruption of supply chains and the shutdown of manufacturing plants, the automotive lighting market growth has been profoundly affected.

To get in-depth information view the report-https://www.factmr.com/report/4795/automotive-lighting-market

At the same time, some of the world's leading manufacturers of automotive lighting are confident that the post-pandemic era will herald an uptick in the sales of automotive lighting. Based on these trends, Fact.MR forecasts that the automotive lighting market will experience a V-shaped recovery curve in the long term forecast period.

For Detailed Insights On Enhancing Your Product Footprint, Request For A Sample Here-https://www.factmr.com/connectus/sample?flag=S&rep_id=4795

Key Takeaways of the Automotive Lighting Market Study

The global automotive lighting market is expected to generate an absolute $ opportunity of US$ 30 Bn during the forecast period, adding ~1.8X more value in 2030 as compared to 2020.The cost of LEDs is much higher than traditional halogens and HID lights and is thus limited to premium markets, including luxury cars and SUVs.Automakers are investing in deciding the designs of front headlights as it is the most attractive component of consumer focus. Thus, the front headlights segment has been the leader in the market, contributing ~60% of the global revenue share in 2019.East Asia is projected to be the most prominent region for automotive lighting, estimated to account for more than 30% market share. However, due to the rapid spread of COVID-19 in China, Japan & South Korea the market growth for automotive lighting shall be impacted in the short-term.

“The automotive industry has entered a muted phase of growth due to the COVID-19 pandemic, leading to declining sales. However, the re-opening of vehicle manufacturing plants in the aftermath is anticipated to restore the growth trajectory of the automotive lighting market.” estimates the Fact.MR Analyst.

Get Access To Research Methodology Prepared By Experts-https://www.factmr.com/connectus/sample?flag=RM&rep_id=4795

Notable Development Trends to Open up New Horizons of Growth for Automotive Lighting Market

With the latest developments on track, groundbreaking changes in lighting procedures have opened up entirely new horizons in the design of automotive exteriors and interior lighting. In addition to the introduction of emerging technologies as well as electronic modules and modular parts, the automotive lighting industry leaders are continuing to explore new growth prospects across various geographic regions. Moreover, Market players have been channelizing efforts towards strengthening their distribution channels while also focusing on establishing long term supply contracts with automobile manufacturers. For Instance, in 2018, Koito Manufacturing Co., Ltd. developed an innovative XLS (exchangeable LED signal) lamp with different light versions to facilitate signal applications in vehicles. In the same year, LG Electronics completed the acquisition of ZKW Group, a leading provider of automotive lighting and headlights. With this acquisition, company focus is on expanding its business reach in the automotive sector.

Grow Your Business From Expert Advice-https://www.factmr.com/connectus/sample?flag=AE&rep_id=4795

Find More Valuable Insights on Automotive Lighting Market

Fact.MR, in its new offering, provides an unbiased analysis of the global automotive lighting market, presenting historical demand data (2015-2019) and forecast statistics for the period, 2020-2030. The study divulges compelling insights on the automotive lighting market on the basis of Application (Front Headlights, Fog Lights, Rear Lights, Side Lights, Interior Lights), Vehicle Type (Passenger Cars, LCVs, HCVs, Electric Vehicles, Two Wheelers), Light Source (Halogen, LEDs, Xenon), Sales Channel (OEM, Aftermarket), and across seven regions.

Contact:

US Sales Office:11140 Rockville PikeSuite 400Rockville, MD 20852United StatesTel: +1 (628) 251-1583

Corporate Headquarter:

Unit No: AU-01-H Gold Tower (AU),Plot No: JLT-PH1-I3A,Jumeirah Lakes Towers,Dubai, United Arab EmiratesEmail: [email protected] Our Website: https://www.factmr.comResearch Insight: https://www.factmr.com/report/4795/automotive-lighting-marketContent Source: https://www.factmr.com/media-release/1564/global-automotive-lighting-market

About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensur

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e even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

This release was published on openPR.

e even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

This release was published on openPR.

quarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

This release was published on openPR.

ch partner.

This release was published on openPR.



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