Automotive Lighting Market by Products, End User, Global
Forecast to 2026
Automotive Lighting Market research provides industry analysis by
type, manufacturer, application along with key factors influencing
the growth of the market which include growth drivers, restraints,
opportunities and challenges, strategically profile key players and
comprehensively
analyze
their
market
share
and
core
competencies.
The automotive sector is one of the most prominent and largest contributing industries towards
growth in GDP of some of the largest and fastest growing economies. According to the
Organisation Internationale des Constructeurs d’Automobiles (OICA), the automotive sales
increase by more than 30% annually. In 2016, sales of automotive vehicles was 93.9 million units
from 89.7 million units in 2015 worldwide. Increasing sales of automotive vehicles is driving
growth of the automotive lighting market. The lighting provides illumination for the driver and
also helps other drivers and pedestrians on the road to detect the position of vehicle.
Furthermore, lighting systems adds to aesthetics of the vehicle, both externally and internally.
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Implementation of new technologies in lighting is the one of the key factor propelling
growth of the market.
Increasing implementation of new lighting technologies in automotive industry plays a major role
for the growth of the automotive lighting market. Light emitting diode (LEDs), Organic light
emitting diode (OLEDs), and Adaptive Front-lighting System (AFS) are some of the new lighting
technologies, which are boosting the growth of automotive lighting market This technology helps