The global automotive lighting market size is projected to reach 100.8 billion. - PowerPoint PPT Presentation

View by Category
About This Presentation
Title:

The global automotive lighting market size is projected to reach 100.8 billion.

Description:

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. – PowerPoint PPT presentation

Number of Views:0
Date added: 23 March 2020
Slides: 3
Provided by: rushipisesanjay
Category: Other

less

Write a Comment
User Comments (0)
Transcript and Presenter's Notes

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

2
Europe 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
Business Insights offers expert corporate
analysis and accurate data, helping organizations
of all sizes make timely decisions. We tailor
innovative solutions for our clients, assisting
them to address challenges distinct to their
businesses. Our goal is to empower our clients
with holistic market intelligence, giving a
granular overview of the market they are
operating in. 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. At Fortune
Business Insights, we aim at highlighting the
most lucrative growth opportunities for our
clients. We, therefore, offer recommendations,
making it easier for them to navigate through
technological and market-related changes. Our
consulting services are designed to help
organizations identify hidden opportunities and
understand prevailing competitive
challenges. Contact Us Fortune Business
Insights Pvt. Ltd. 308, Supreme
Headquarters, Survey No. 36, Baner,
Pune-Bangalore Highway, Pune - 411045,
Maharashtra, India. Phone US 1 424 253
0390 UK 44 2071 939123 APAC 91 744 740
1245 Email sales_at_fortunebusinessinsights.com
Fortune Business Insights Linkedin Twitter
Blogs
About PowerShow.com