Title: The global automotive lighting market size is projected to reach 100.8 billion.
1- Accounting to the high number of fatalities due
to road accidents, governments across the world
have imposed strict regulations regarding road
safety and high beam light installation. These
factors will have a direct impact on the growth
of the overall market in the forthcoming years. - The global automotive lighting market size is
projected to reach 100.8 billion. Driven by
strict government regulations regarding road
safety, the market will rise at a considerable
rate in the coming years. According to a report
published by Fortune Business Insights, titled
Global Automotive Lighting Market Size, Share
Industry Analysis, By Technology Type (LED,
Halogen, Xenon), By Application Type (Front
Lighting, Rear Lighting, Side Lighting, Interior
Lighting) and Regional Forecasts, 2019-2026,
the market volume was USD 53.8 billion in 2018
and will exhibit a CAGR of 8.3 during the
forecast period, 2019-2026. - Ideal automotive lighting helps drivers see
clearly during night times as well as extreme
weather conditions. The demand for proper
lightings in an automobile across the world has
emerged in favor of the growth of the market in
recent years. The high prevalence of road
accidents has contributed to the demand for
automotive lighting. According to the World
Health Organization (WHO), around 20-50 million
people are injured in road accidents. Moreover,
road accidents account for 1.25 million deaths
among which, natural disasters such as fog, snow,
dust, and rain are primary reasons. - The report provides an in-depth analysis of the
global automotive lighting industry. It
highlights the latest product launches and
labels major innovations in the market. In
addition to this, it states the impact of these
products on the growth of the market. The
competitive landscape has been discussed in
detail and predictions are made with respect to
leading companies and products in the coming
years. - Request a Sample Report https//www.fortunebusine
ssinsights.com/enquiry/request-
sample-pdf/automotive-lighting-market-101978 - Forecast values have been provided for the market
for the period of 2019-2026. The factual figures
have been obtained through trusted sources.
Moreover, these predictions are made on the basis
of extensive research analysis methods, coupled
with the opinions of experienced market research
professionals. - List of the leading companies that are operating
in the Automotive Lighting Market include - Robert Bosch Gmbh
- Hyundai Mobis
- Koninklijke Philips N.V.
- Varroc Group
- Valeo
2Europe is Projected to Dominate the Market
Strict Government Policies Will Emerge in Favor
of Market Growth The market is segmented on the
basis of regional demographics into North
America, Latin America, Europe, Asia Pacific,
and the Middle East and Africa. Among these
regions, Europe is projected to dominate the
market in the coming years driven by strict
government norms supporting road safety. Besides
Europe, Asia Pacific holds a high potential for
the coming years, accounting to the increasing
number of vehicle users in this region. As of
2018, the market in Asia Pacific was worth USD
13.0 billion and this value is projected to
increase further in the coming years. Noteworthy
Industry Developments January 2018 Magneti
Marelli unveiled new autonomous lighting at the
North American Auto Show in Detroit. Get your
Customized Research Report https//www.fortunebus
inessinsights.com/enquiry/customization/automotive
- lighting-market-101978 About Us Fortune
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