Global Automotive Lighting Market, Industry Trends, Estimation & Forecast, 2019 – 2027

1. Global Automotive Lighting Market, Industry Trends, Estimation & Forecast, 2019 – 2027 On the many rise for passenger vehicles further boosted demand within the automotive lighting market. Globally, the assembly of passenger vehicles is three-time quite commercial vehicles. consistent with various studies, 30% of auto accidents occur in the dark , thanks to which the importance of advanced automotive lighting has increased in passenger vehicles. This factor is additionally influencing growth within the global automotive lighting market. There are growing concerns about vehicular safety, round the world. Exterior lighting forms a crucial a part of vehicular safety. Various countries have come up with stringent lighting regulations, that require a selected brightness or temperature of the headlamps. “The Automotive Lighting market was Valued at US$ XX Mn in 2018 and it is expected to reach more than US$ 51.80 Mn by 2027, Likely to Grow with a CAGR of 5.7% during the forecast period” To view summary or request a sample copy of this report, click the link below: https://www.bizizzmarketresearch.com/sample/global-automotive-lighting-market Passenger Segment dominated the bulk of the market size in 2018. The rising sales of passenger vehicles, including the willingness of consumers to pay more for cars, are expected to drive the market. The Automotive Lighting market in Asia Pacific has been growing at a big pace in recent years. Asia Pacific is anticipated to be the most important market within the global market due to rapid consumer adoption and high sales of automobiles. China and Japan gain the most important shares within the market owing to the high production & sales of vehicles, domestically. Additionally, manufacturers in these countries specialize in technological advancements, including lighting, thus, driving the demand for automotive lighting. Valeo announced the acquisition of 10.5% of the stake in Aledia, a technology startup company, dedicated to the development of cutting-edge LED technology for general and automotive lighting.In 2017, Osram India announced new automotive lighting solutions called Rallye, that is compatible with four-wheelers, two-wheelers and other commercialized vehicles. The product is being manufactured in Osram’s industrial plant in Germany and China.

2. Many companies also are getting into this segment thanks to the rise in demand for the automotive lighting , a number of the main companies into Automotive Lighting are Key manufacturers like IMagneti Marelli S.p.A, Hella KGaA Hueck & Co, ICHIKOH INDUSTRIES LTD, General Electric Co., Hyundai Mobis, SAMSUNG ELECTRONICS Co., Ltd, Royal Phillips Electronics, and Zizala Lichtsysteme GmbH, among others. Impact of COVID-19 on Economy, Industry and Company The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries. At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions. Areas at which Bizizz Market Research would help decision makers are: a) Insights on current demand & supply gap analysis b) Impact on value chain and supply chain and strategies adopted to off set its impact c) Impact on Industry / company revenue and predictive intelligence on forecast sales d) In-depth analysis on market segmentation – both value and volume analysis e) Market assessment, regional and country attractiveness, competitive benchmarking and entry strategy f) Prioritizing strategies and how it would impact company’s short to long-term business outlook About Bizizz Market Research: Bizizz Market Research (BMR) is a unique market research, consulting, and business solution organization that offers best strategic and tactical support to customers to enhance their business decision process. BMR team is full of impassioned & dedicated experts who thrives to give their very best to their clients and always ready to take any challenge.

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