AUTOMOTIVE LIGHTING MARKET ANALYSIS

Automotive Lighting Market, by Technology (Halogen, Xenon/HID, and LED), by Vehicle Type (Passenger and Commercial Vehicles), by Applications (Front, Fog, Rear, Side, and Interior), and by Geography - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2022-2028

To Be Published : Dec 2024
Code : CMI1378
Formats :
Excel and PDF
Industry : Automotive and Transportation

Market Challenges And Opportunities

Implementation of new technologies in lighting is the one of the key factor propelling growth of the market.

Increasing implementation of new lighting technologies in automotive industry plays a major role for the growth of the automotive lighting market. Light emitting diode (LEDs), Organic light emitting diode (OLEDs), and Adaptive Front-lighting System (AFS) are some of the new lighting technologies, which are boosting the growth of automotive lighting market This technology helps in improving the driver visibility, which results in increasing road traffic safety and helps to reduce the collision. Furthermore, various advantages such as long life, energy efficiency, and less heat generation is fuelling growth of the automotive lighting industry.