Automotive Lighting Market - Forecast (2023 - 2028)

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Automotive Lighting Market Forecast (2023 -
2028)
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• The global Automotive Lighting Market is
  estimated to surpass 29.84 billion mark by 2026
  growing at an estimated CAGR of more than
  4.2 during the forecast period 2021 to 2026.
  Most ambient light today reflects a light source
  surface of interior surfaces and is designed to
  help the driver see till certain distance.
• Lighting is a vital component in automotive
  vehicles and plays a very important role in
  automotive safety. According to the Association
  for Safe International Road Travel, road
  accidents cause approximately 1.25 million death
  annually. These statistics are reflective of the
  necessity for effective lighting in automotive
  vehicles to reduce major accidental incidences
  and this forms a crucial component for manual
  driving. 

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• Key Takeaways
• Government program maintains road safety by
  taking initiatives such as creating awareness
  about vehicle protection and illuminating roads
  with appropriate use of automotive lighting
  majorly drives the global car lighting market.
• The trend related to application of LED lighting
  for creating a magnificent outlook both on
  exterior and interior space of the vehicle seeks
  more human attention and reduce road accidents
  rate, thereby boosting the automotive lighting
  market.
• Dependence on lighting system for signaling
  purposes in ambulance and police vehicles
  aligning with effective sound system result in
  increasing demand for lighting technique in
  vehicles.

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• By Distribution Channel- Segment Analysis
• LED Lighting has dominated the Automotive
  Lighting Market as compared to the other
  technologies. Halogen was earlier a conventional
  choice for the lighting in cars. Xenon and LED
  are the other prominent technologies. Amongst,
  three technologies, LED is expected to witness
  the highest growth during the forecast period.
• This can be caused by distinct shift towards
  energy efficient technology in light controls.
  LED headlights lighting possess high capabilities
  and flexibility for use in various automotive
  lighting applications.

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• Automotive Lighting Market
•  
• chikoh Industries, Ltd.
• Hella KGaA Hueck Co.
• Magneti Marelli
• General Electric Company, Ltd.
• Stanley Electric Co., Ltd.
• Hyundai Mobis, Valeo S.A.
• Koninklijke Philips N.V.
• Osram GmbH
• Koito Manufacturing Co.

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Automotive Lighting Market Learn More About the
Report _at_ https//www.industryarc.com/Report/181
96/automotive-lighting-market.html
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• You Can Customize the Report as Per Your Need.
  We have included Some Customization Options
• Company Profile
• Analyst Briefing
• Data Tables
• Key Contacts
• Free Customization
• Purchase Full Report _at_
• https//www.industryarc.com/purchasereport.php?id
  18196

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For More Details Contact Venkat
Reddy Contact (1) 970-236-3677 Email
sales_at_industryarc.com Connect with us on LinkedIn
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Contact (1) 970-236-3677
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