According to the new report published by Industry Research Place Global Automotive Lighting Market is valued at USD XX Billion in 2021 and is projected to reach USD XX Billion by 2028 with the CAGR of 5.5 % over the forecast period.

This report analyses the global market for Automotive Lighting . The report will enable the user to understand and gain insights into the current and forecast market situation. The market is comprehensively analyzed by geography to give complete information on the global scenario. The qualitative and quantitative data provided in this study can help user understand which market segments, regions are expected to grow at higher rates, factors affecting the market and key opportunity areas. The report also includes competitive landscape of key players in the industry along with emerging trends in the market.

Lighting is critical in automotive vehicles because it illuminates the vehicle path, allowing the driver to have clear visibility of the road ahead of him. Along with fulfilling the requirement for illuminating the driver's path, the lighting system also assists other vehicle drivers and pedestrians on the road in determining the size, location, and direction of movement of the vehicle. Both the interior and exterior of the vehicle benefit from this feature, which also increases the vehicle's visibility. The lighting system is made up of devices that provide illumination and signalling.

Global sales of automobiles and sport utility vehicles (SUVs) declined to just under 77 million units in 2020, from a peak of nearly 94.35 million units in 2017. The sector is expected to experience a downward trend as a result of the slowing global economy and the emergence of the coronavirus pandemic in all major economies, according to projections. When compared to halogen and high-intensity discharge (HID) lights, LED lights consume less power and have a longer life span, which is why vehicle manufacturers are showing great interest in incorporating LED lights into their vehicles. Furthermore, LED lights are more durable and strong than other types of lighting technology, and they contain high-quality light-emitting diodes, making them superior to all other types of lighting technology.

Lighting regulations in developed countries such as Europe and North America, which are strict, have propelled the automotive lighting market. Vehicle lighting is extremely important, especially when driving on highways with a lot of traffic. Across the world, road accidents are a major source of concern for policymakers. Road traffic accidents are responsible for the deaths of 1.3 million people each year, according to the World Health Organization (WHO). The majority of countries suffer a 3 percent reduction in their gross domestic product as a result of road traffic accidents. Because of this, it is critical to improve driving conditions, which can be accomplished in part through the installation of better lighting systems.

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Major Players of the Automotive Lighting Market
1. DENSO Corporation
2. Hella KGaA Hueck & Co.
3. Hyundai Mobis
4. Koito Manufacturing Co. Ltd.
5. Koninklijke Philips N.V.
6. Osram Licht AG
7. ROBERT BOSCH GmbH
8. Stanley Electric Co. Ltd.
9. Valeo
10. ZKW
11. Others

Global Automotive Lighting Market COVID-19 impact Analysis
This report highlights the impact of the Covid-19 pandemic on Global Automotive Lighting Market. By combining data from a range of industry sources, as well as predictive modeling and market trend analysis, we provide an evidence-based set of projections that will allow organizations to plan their strategies more effectively. The report gives in depth analysis of short term and long term impacts of epidemic on the industry.
The COVID-19 crisis is causing uncertainty in the market by slowing down supply chains, impeding business growth, and increasing panic among various customer segments, among other things. Governments in a number of different regions declared total lockdowns and temporary shutdowns of industries, which had a negative impact on overall production and sales in those regions. Following the health crisis associated with COVID-19, the global business outlook has shifted dramatically. As a result of operations with limited workforce capacity and inadequate health and safety measures, as well as the current demand dynamics in the automotive industry, the overall production activities of market players have declined.

The COVID 19 impact assessment of Global Automotive Lighting Market is divided into following sections:
Section1: Pre Lockdown
This part of the report looks at how market changed throughout early 2020, as the spread of COVID-19 intensified on different geographies.

Section2: During Lockdown
This part of the report collects data across the sector to know how people have responded to lockdown. It analyses the impact of the epidemic on the workforce in the industry and disruption in various regions and countries

Section3: Post Lockdown
This part of the report project what sector recovery could look like and summarizes ways in which the business landscape could shift.

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Market Segmentation
• Light Type
o Halogen
o Xenon/HID
o LED
• Position
o Front Lighting
o Rear Lighting
o Side Lighting
o Interior Lighting
• Vehicle Type
o Passenger Vehicle
o Commercial Vehicle
o Electric Vehicle

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Report Coverage
• An overview of the Global Automotive Lighting Market
• In depth analysis of market dynamics and major factors such as drivers, restraints, opportunities and trends influencing the global market
• Global Automotive Lighting Market revenue data historic and forecast analysis (2015 to 2026)
• Characterization and quantification of the market segments for Automotive Lighting Market
• Market share analysis of key market participants and their competitive landscape

Important Questions Answered by Global Automotive Lighting Market Report
• What is the impact of COVID 19 epidemic on the Global Automotive Lighting Market?
• Which is mostly affected region, country?
• Which is the current largest and fastest-growing region?
• What is the market size and growth rate of the Global Automotive Lighting Market?
• What are current factors affecting the growth of market?
• What are Key trends and opportunity areas?
• Within Automotive Lighting Market, which segments are fastest growing & emerging strongly? What are the drivers and restraints for each segment? What are vendor competencies by segment?
• What are the major strategies adopted by leading market companies?
• What are company challenges and essential success factors by market segment?
• How company offerings and supply chain capabilities are shifting to meet emerging market needs?

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