Technavio has been monitoring the automotive lighting market and it is poised to grow by $ 8.69 bn during 2020-2024, progressing at a CAGR of over 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Automotive lighting Market 2020-2024 (Graphic: Business Wire)
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The market is concentrated, and the degree of concentration will accelerate during the forecast period. General Electric Co., Hella GmbH & Co. KGaA, Hyundai Mobis Co. Ltd., Koito Manufacturing Co. Ltd., Koninklijke Philips NV, LG Electronics Inc., Magneti Marelli CK Holdings Co. Ltd., OSRAM Licht AG, Samsung Electronics Co. Ltd., and Valeo SA are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Demand for effective interior lighting has been instrumental in driving the growth of the market.
Automotive Lighting Market is segmented as below:
- Passenger Cars
- Commercial Vehicles
- North America
- South America
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automotive lighting market report covers the following areas:” data-reactid=”36″>Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our automotive lighting market report covers the following areas:
- Automotive lighting market size
- Automotive lighting market trends
- Automotive lighting market industry analysis
This study identifies the development of autonomous vehicles as one of the prime reasons driving the automotive lighting market growth during the next few years.
We provide a detailed analysis of around 25 vendors operating in the automotive lighting market, including some of the vendors such as General Electric Co., Hella GmbH & Co. KGaA, Hyundai Mobis Co. Ltd., Koito Manufacturing Co. Ltd., Koninklijke Philips NV, LG Electronics Inc., Magneti Marelli CK Holdings Co. Ltd., OSRAM Licht AG, Samsung Electronics Co. Ltd., and Valeo SA. Backed with competitive intelligence and benchmarking, our research reports on the automotive lighting market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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