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Automotive Lighting Market Share
- Report ID: GMI1444
- Published Date: Jul 2021
- Report Format: PDF
Automotive Lighting Market Share
The prominent players in the automotive lighting market include
- Osram Group
- General Electric
- Hella GmbH & Co.
- Magneti Marelli S.p.A.
- Samsung Electronics
- Varroc
- Vale
- Koninlijke Philips N.V.
- Hyundai Mobis Co., Ltd.
- Lumileds
Frequently Asked Questions (FAQ) :
The global market of automotive lighting crossed USD 30 billion in 2020 and is slated to expand at a 5% CAGR through 2027 due to the higher manufacturing of commercial and passenger vehicles.
The overall industry size from the LED technology segment is anticipated to strike a CAGR of more than 8% up to 2027 driven by the increasing adoption of LEDs in interior and front lighting of vehicles.
The value of passenger vehicles in the automotive lighting market is pegged to record a growth rate of around 5.5% through 2027 driven by rising R&D investments by car manufacturers.
Interior lighting applications held close to 10% of the revenue share in 2020 and will grow with the higher implementation of interior lighting in vehicles.
The automotive lighting industry revenue share in Europe is projected to surpass USD 9 billion by 2027 due to the strong presence of several prominent automobile manufacturers in the region.
Automotive Lighting Market Scope
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