Global Automotive Lighting Market – Industry Analysis and Forecast (2019-2027)

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  • Published date: April 9, 2021
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Global Automotive Lighting Market was valued at US$ 30.21 Bn in 2019 and is expected to reach US$ 48.16 Bn by 2027, at a CAGR of 6.0% during the forecast period.

The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region. To know about the Research Methodology:-Request Free Sample Report Global Automotive Lighting Market Dynamics Increasing automobile production to address the increasing consumer demand is the major factor driving the automotive lighting market. Modern automobiles arrange technically advanced systems like driving assistance and lighting control systems. The development and integration of LED and laser technology into modern vehicles are creating growth opportunities for the industry. The introduction of government regulations, like ECE regulations, by the European Commission on the manufacturing of automotive & general lighting products to control the environmental impact and low chemical use, promotes the consumption of modern lighting technology.

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