NEW YORK, Aug. 20, 2021 /PRNewswire/ --
Technavio has been monitoring the automotive lighting market and it is poised to grow by USD 12.98 billion during 2021-2025, progressing at a CAGR of almost 9% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
Find extensive research with data synthesis and validation on the automotive lighting market report.
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Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the automotive lighting market.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. General Electric Co., HELLA GmbH and Co. KGaA, Hyundai Mobis Co. Ltd., KOITO MANUFACTURING CO., Ltd., Koninklijke Philips NV, LG Electronics Inc., Magneti Marelli CK Holdings Co. Ltd., OSRAM GmbH, Samsung Electronics Co. Ltd., and Valeo SA are some of the major market participants. Although the increasing demand for effective interior lighting will offer immense growth opportunities, the high cost of LED lamps is likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this automotive lighting market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Automotive Lighting Market 2021-2025: Segmentation
Automotive Lighting Market is segmented as below:
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Automotive Lighting Market 2021-2025: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The automotive lighting market report covers the following areas:
This study identifies stringent regulations on road safety as one of the prime reasons driving the Automotive Lighting Market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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Automotive Lighting Market 2021-2025: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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