Written by global next-generation automotive lighting market overview
The global next-generation automotive lighting market is estimated to reach $38.85 billion in 2031, reveals the premium market intelligence study by CRI Report. The study also highlights that the market is set to witness a CAGR of 13.83% during the forecast period 2022-2031.
USP of the Report
• A dedicated section focusing on the current and futuristic trends adopted by the key players operating in the next-generation automotive lighting market
• Extensive competitive benchmarking of the top 15 players offering a holistic view of the next-generation automotive lighting market landscape
• Start-up analysis with an overview
• Qualitative and quantitative analysis of the next-generation automotive lighting market at the region and country level and granularity by application and product segments
• Volume and Value of the market has been covered.
• Product Matrix, Technology Roadmap, and Analyst Viewpoint has been covered extensively.
Analyst Perspective
According to Dhrubajyoti Narayan, Principal Analyst, CRI Report, “The market is evolving rapidly and is anticipated to continue to spur at the same pace in the following years. Businesses are developing innovative solutions and launching new products in the market. Collaborations and product launches are key strategies assisting the market’s growth. The massive shift in consumer preferences has provided a viable opportunity for automotive lighting manufacturers to gain strong ground in this domain. Moreover, increasing awareness regarding automotive lighting systems and autonomous cars and growing safety concerns are expected to increase the adoption of automotive lighting systems globally.”
Key Companies Operating in The Market
Key players in the global next-generation automotive lighting market analyzed and profiled in the study involve next-generation automotive lighting-based product manufacturers that provide raw or processed products. Moreover, a detailed competitive benchmarking of the players operating in the global next-generation automotive lighting market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
The key players profiled in the report include Marelli Holdings Co., Ltd., HELLA GmbH & Co. KGaA, OSRAM GmbH, Valeo Group, KOITO Manufacturing Co. Ltd., Hyundai Mobis Co., Ltd., Varroc Group, Magna International Inc., Flex-N-Gate Corporation, DRÄXLMAIER GROUP, Sigma International Inc., J.W. Speaker Corporation, Faurecia, LG Innotek Co., Ltd., and Stanley Electric Co., Ltd.
Key Questions Answered in the Report
• What are the key drivers, challenges, and opportunities in the next-generation automotive lighting market?
• How does the supply chain function in the next-generation automotive lighting market? What is the potential impact of COVID-19 on the market?
• Who are the key suppliers of different lighting technologies, and what are their specific product offerings?
• Which product segment and application areas are estimated to witness the maximum demand growth in the next-generation automotive lighting market during 2021-2031?
• Who are the key players currently dominating the next-generation automotive lighting market space? What are the business and corporate strategies adopted by manufacturers involved in the next generation automotive lighting market?
• Which regions and countries are leading in terms of consumption of the next-generation automotive lighting market, and which of them are expected to witness high demand growth during 2021-2031?