Automotive Exterior Smart Lighting Market Opportunities, By Products, End Users Forecast to 2022-2028

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Automotive Exterior Smart Lighting Market Opportunities, By Products, End Users Forecast to 2022-2028

Automotive Exterior Smart Lighting Market size was valued at USD 18.32 Billion in 2020 and is projected to reach USD 26.83 Billion by 2028, growing at a CAGR of 4.2% from 2021 to 2028.

Automotive Exterior Smart Lighting Market Overview:

Automotive Exterior Smart Lighting Market size was valued at USD 18.32 Billion in 2020 and is projected to reach USD 26.83 Billion by 2028, growing at a CAGR of 4.2% from 2021 to 2028. The lighting systems aid other drivers and pedestrians on the road in detecting the vehicle’s position, movement direction, and size. It gives the inside and external portions of the vehicle a more beautiful appearance while also increasing the vehicle’s visibility. It includes lighting and signaling equipment. These lighting systems are installed in a variety of areas across the vehicle, including the front, back, top, and interiors. The need for lighting equipment is being driven by an increase in concerns about road safety and government lighting requirements. The Global Automotive Lighting Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

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Market Segmentations:

This market research report includes a detailed segmentation of the market by product type, vehicle type, end-users, and geography. Headlamps segment dominated almost 3/4th of the market share in 2020, growing at a CAGR of around 4% during the forecast period. The increasing adoption of LED and laser headlights is augmenting the growth of this segment in the global market. The use of LED lights that allows the manufacturing of lightweight and thin rear lamps will boost the sales in the automotive exterior lighting system market.

Mid-priced car segment dominated a section of the market share in 2020, growing at a CAGR of more than 6% during the forecast period. The installation of electronic stability control (ESC), tire pressure monitoring systems (TPMS), driver seat belt indicators, and gear shift indicators are driving the growth of this segment in the global market. OEMs segment dominated the majority market share in 2020, growing at a CAGR of over 4% during the forecast period. The increasing profits from regions such as the US, China, Europe, Japan, and South Korea will propel the growth of this segment in the global market.

Segments Overview:

The Automotive Exterior Smart Lighting Market is segmented as below:

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global automotive lighting market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on technology, vehicle type, sales channel and application.

Breakup by Technology:

Halogen

Xenon/HID

LED

Breakup by Vehicle Type:

Passenger Vehicle

Commercial Vehicle

Breakup by Sales Channel:

Original Equipment Manufacturers

Aftermarket

Breakup by Application:

Front Lighting/Headlamps

Rear Lighting

Side Lighting

Interior Lighting

Breakup by Region:

North America

United States

Canada

Others

Asia-Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

A selection of KEY COMPANIES mentioned in this report includes:

Hyundai Mobis,

Mitsuba Corporation,

Lumax Industries,

Koninklijke Philips N.V.,

Phoenix Lamps Division,

Gentex Corporation,

Flextronics International,

Grupo Antolin,

Flex-N-Gate,

Samvardhana Motherson Group,

Johnson Electric Holdings,

Federal-Mogul,

Stanley Electric,

Koito Manufacturing,

Infineon Technologies,

Panasonic Corp.,

Valeo,

Magneti Marelli S.P.A,

Osram Group,

Hella Gmbh & Co.,

Merck Kgaa,

Samsung Electronics Co. Ltd.,

Sigma International,

Bosch Limited,

Magna International Inc.

 Complete Report @ https://www.statisticalinsights.com/main-report/106-Automotive-Exterior-Smart-Lighting-Market

Table of Contents

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

5 Global Automotive Lighting Market

6 Market Breakup by Technology

7 Market Breakup by Vehicle Type

8 Market Breakup by Sales Channel

9 Market Breakup by Application

10 Market Breakup by Region

11 SWOT Analysis

12 Value Chain Analysis

13 Porters Five Forces Analysis

14 Price Analysis

15 Competitive Landscape

List of Figures

List of Tables Continue…

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