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Automotive Lighting Market
: Automotive Lighting Market to Witness Remarkable Growth Owing to Increasing Popularity of Luxury Vehicles Worldwide The increasing demand for adaptive lighting is expected to augment the automotive lighting market size, says Fortune Business Insights™, in their recent report publication. Automotive lighting is a system comprising of signaling and lighting devices used on the sides, or rear, or front of motor vehicles. The lighting system in vehicles helps to increase its visibility under low light conditions, hinting pedestrians, and other drivers of its presence to maintain a safe travel distance. The report is titled, “Automotive Lighting Market Size, Share & Industry Analysis, By Technology Type (LED, Halogen, Xenon), By Application Type (Front Lighting, Rear Lighting, Interior Lighting, Side Lighting), By Vehicle Type (Passenger Cars, Commercial Vehicles) Others and Regional Forecast, 2019-2026,” and provides a 360-degree overview of the market. Objectives of the Report The report on the automotive lighting market offers a comprehensive overview of the market and its growth trajectories. This includes automotive lighting market trends, drivers, restraints, challenges, and opportunities. Additionally, the report throws light on the segmentation of the market based on factors such as technology type, application type, vehicle type, and geographies. Furthermore, the report offers interesting insights into the market and other key industry developments that have a positive impact on the overall market. Ingredients
- Competitive Landscape –
- Investment in Research and Development for Interior Lighting of Luxury Vehicles to Intensify Competition
- Players operating in the automotive lighting market are emphasizing on geographical expansion for strengthening their position in the market. Manufacturers are also investing huge sums into research and development of advanced lighting systems in the new SUVs and the latest automobiles for enhancing the look of the vehicle while providing decent lighting in the interiors of luxury vehicles. They are also entering into strategic collaborations to collectively contribute to the overall automotive lighting market revenue in the forthcoming years. These collaborations include merger and acquisition, partnerships, contracts and agreements, and others.
- Major Automotive Lighting Market Manufacturers are as follows:
- • General Electric Co.
- • Hyundai Mobis
- • Royal Phillips Electronics
- • SAMSUNG ELECTRONICS Co., Ltd
- • Zizala Lichtsysteme GmbH
- • Hella KGaA Hueck & Co
- • Magneti Marelli S.p.A
- • ICHIKOH INDUSTRIES LTD
- • Other players
- Key Industry Development of the Automotive Lighting Market Include:
- February 2020 – A new facility was opened by Marelli in Turin, hosting the research and development center for automotive lighting of the company. This facility will focus on Lighting and Body Electronics (LBE) and Sensors development. The main objective of ADVANCED Driver Assistance Systems (ADAS).
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- Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
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