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The global automotive lighting market was valued at USD 28.16 billion in 2019 and is anticipated to reach USD 41.35 billion in 2027 growing at a CAGR of 5.1% over the forecast period. Read more at https://bit.ly/2GWqi5Q
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Global Automotive Lighting Market Trends, Growth Forecast 2020-2027
Segments: Global Automotive Lighting Market Size, Share & Trends Analysis Report By Technology (Halogen, HID, LED), Vehicle Type (Passenger Car, Light Commercial Vehicle, Buses, Trucks), Application (Headlights, Taillights, Fog lights, Signal lights, Brake lights, Driving lamps) Industry Analysis 2020-2027 @ Confianza Market Research & Consultancy. All Rights Reserved
Statistics: The global automotive lighting market was valued at USD 28.16 billion in 2019 and is anticipated to reach USD 41.35 billion in 2027 growing at a CAGR of 5.1% over the forecast period. @ Confianza Market Research & Consultancy. All Rights Reserved
Drivers: Growing advancements in lighting technology along with increasing penetration of passenger vehicles in developing countries is anticipated to boost the automotive lighting market growth. @ Confianza Market Research & Consultancy. All Rights Reserved
Region: Europe has recognized as the major region, focusing on passenger and pedestrian safety along with implementing many safety standards for vehicles. @ Confianza Market Research & Consultancy. All Rights Reserved
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