LONDON--(BUSINESS WIRE)--Technavio has been monitoring the automotive lighting market and it is poised to grow by USD 8.69 billion during 2020-2024, progressing at a CAGR of over 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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The market is concentrated, and the degree of concentration will accelerate during the forecast period. General Electric Co., Hella GmbH & Co. KGaA, Hyundai Mobis Co. Ltd., Koito Manufacturing Co. Ltd., Koninklijke Philips NV, LG Electronics Inc., Magneti Marelli CK Holdings Co. Ltd., OSRAM Licht AG, Samsung Electronics Co. Ltd., and Valeo SA are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Demand for effective interior lighting has been instrumental in driving the growth of the market.
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Automotive Lighting Market 2020-2024: Segmentation
Automotive Lighting Market is segmented as below:
■ Passenger Cars
■ Commercial Vehicles
■ North America
■ South America and MEA
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Automotive Lighting Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our automotive lighting market report covers the following areas:
■ Automotive Lighting Market Size
■ Automotive Lighting Market Trends
■ Automotive lighting Market Analysis
This study identifies the development of autonomous vehicles as one of the prime reasons driving the automotive lighting market growth during the next few years.
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Automotive Lighting Market 2020-2024: Key Highlights
■ CAGR of the market during the forecast period 2020-2024
■ Detailed information on factors that will assist automotive lighting market growth during the next five years
■ Estimation of the automotive lighting market size and its contribution to the parent market
■ Predictions on upcoming trends and changes in consumer behavior
■ The growth of the automotive lighting market
■ Analysis of the market’s competitive landscape and detailed information on vendors
■ Comprehensive details of factors that will challenge the growth of automotive lighting market vendors
Table of Contents:
■ Market ecosystem
■ Value chain analysis
■ Market definition
■ Market segment analysis
■ Market size 2019
■ Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
■ Five force summary
■ Bargaining power of buyers
■ Bargaining power of suppliers
■ Threat of new entrants
■ Threat of substitutes
■ Threat of rivalry
■ Market condition
Market Segmentation by Application
■ Market segments
■ Comparison by Application
■ Passenger cars - Market size and forecast 2019-2024
■ Commercial vehicles - Market size and forecast 2019-2024
■ Market opportunity by Application
■ Geographic segmentation
■ Geographic comparison
■ APAC - Market size and forecast 2019-2024
■ Europe - Market size and forecast 2019-2024
■ North America - Market size and forecast 2019-2024
■ South America - Market size and forecast 2019-2024
■ MEA - Market size and forecast 2019-2024
■ Key leading countries
■ Market opportunity by geography
■ Volume driver - Demand led growth
■ Market challenges
■ Market trends
■ Vendor landscape
■ Landscape disruption
■ Vendors covered
■ Market positioning of vendors
■ General Electric Co.
■ Hella GmbH & Co. KGaA
■ Hyundai Mobis Co. Ltd.
■ Koito Manufacturing Co. Ltd.
■ Koninklijke Philips NV
■ LG Electronics Inc.
■ Magneti Marelli CK Holdings Co. Ltd.
■ OSRAM Licht AG
■ Samsung Electronics Co. Ltd.
■ Valeo SA
■ Scope of the report
■ Currency conversion rates for US$
■ Research methodology
■ List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focus 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.