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Wednesday, August 28, 2024

Lucintel Forecasts the Global Automotive Lighting Market to Reach $27 Billion by 2030

According to a market report by Lucintel, the future of the global automotive lighting market looks promising with opportunities in the halogen, xenon/HID, and led markets. The global automotive lighting market is expected to reach an estimated $27 billion by 2030 from $20 billion in 2023 at a CAGR of 4.2% from 2023 to 2030. The major drivers for this market are increasing vehicle production, rising concerns over the road safety, and growing legislations by various governments related to automotive lighting, and efficiency of led automotive lighting technology.

A more than 150-page report to understand trends, opportunity and forecast in automotive lighting market to 2030 by application (halogen, xenon/hid, and led), technology (front light, fog light, side light, rear light, and interior light), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Lucintel forecasts that LED will remain the largest segment over the forecast period due to lower energy consumption and excellent power output.

Within this market, front light is expected to witness the highest growth due to rising adoption of led headlamps.

Download sample by clicking on automotive lighting market.

Koito Manufacturing Co. Ltd., Magneti Marelli Holding S.p.A., Hella KGaA Hueck & Co., Stanley Electric Co., Ltd., and Valeo SA. are the major suppliers in the automotive lighting market.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email:
roy.almaguer@lucintel.com
Tel. +1-972-636-5056

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