Automotive Perimeter Lighting System Market Research Report – Forecast to 2023

Market OverviewMarket Research Future (MRFR) in its new research study, asserts that the Global Automotive Intelligent Lighting System Market is booming and expected to grow exponentially over the review period, recording a substantial market valuation and a healthy 7.0% CAGR in the forecast period of 2017 to 2023.The advancement in technologies and demands for the latest automotive features boosts the automotive intelligent lighting system market.

These systems work on artificial intelligence grounds, including automatic on and off lights and adapting to the surrounding conditions.

As the automotive sector expands and spending capacities are increasing, the demand for advanced features powers the comfort levels.

The increasing emphasis on enhancing the driver's and pedestrian's safety has boosted the demands for such technologies.

An intelligent lighting system improves driving behaviors and experiences like adjusting the lighting focus and direction with the steering wheel's movement and others.

On observing the benefits of automotive intelligent lighting systems, the authorities are making them compulsory in all vehicle segments to ensure drivers' safety from accidents in adverse conditions like low visibility, night driving, fog, and others.

Our reports have been revised for market size, forecasts, and strategies to take on 2021 after the COVID-19 impact: https://www.thebusinessresearchcompany.com/global-market-reportsThe Automotive Lighting Global Market Report 2020-30 by The Business Research Company describes and explains the global automotive lighting market and covers 2015 to 2020, termed the historic period, and 2020 to 2025, termed the forecast period, along with further forecasts for the period 2025-2030.

The report evaluates the market across each region and for the major economies within each region.The Automotive Lighting Global Market Report 2021 covers automotive lighting market drivers, automotive lighting market trends, automotive lighting market segments, automotive lighting market growth rate, automotive lighting market major players, and automotive lighting market size.View Complete Report: https://www.thebusinessresearchcompany.com/report/automotive-lighting-global-market-reportThe automotive lighting market report provides an in-depth analysis of the impact of COVID-19 on the global automotive lighting industry, along with revised market numbers due to the effects of the coronavirus and the expected automotive lighting market growth numbers 2021-2030.Automotive Lighting Global Market Report 2021 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.

The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.

The chapter also covers markets which have been positively affected by the pandemic.Request For The Sample Now: https://www.thebusinessresearchcompany.com/sample.aspx?id=2726=smpThe global automotive lighting market is expected to grow from $24.42 billion in 2020 to $25.17 billion in 2021 at a compound annual growth rate (CAGR) of 3.1%.

The market is expected to reach $33.78 billion in 2025 at a CAGR of 8%.The report covers the automotive lighting market segments-1) By Vehicle Type: Passenger Vehicle, Commercial Vehicle.2) By Technology: Halogen, Xenon/HID (High-Intensity Discharge Lamp), LED (Light Emitting Diode).3) By Application: Front/Headlamps, Rear Lighting, Side, Interior Lighting.About The Business Research Company: The Business Research Company is a market research and intelligence firm that excels in company, market, and consumer research.

It has over 200 research professionals at its offices in India, the UK and the US, as well a network of trained researchers globally.

The Automotive Lighting Market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study.

This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.

The major players in the automotive lighting market include General Electric Company, HELLA GmbH & Co. KGaA, Hyundai MOBIS, Koito Manufacturing Co., Ltd., Koninklijke Philips N.V., Magneti Marelli S.p.A., Namyung Lighting, OSRAM Group, Samsung Electronics Co., Ltd., Seoul Semiconductor Co., Ltd. and Others.

This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Automotive Lighting Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/automotive-lighting-market/download-sampleMarket DynamicsThe increasing demand for premium segment vehicles is primarily driving the market growth.

Along with this, lighting regulations for better visibility and safety are further accelerating the demand.

However, the high cost of LED lights and low penetration of advanced lighting in hatchback, compact sedan, and entry-level SUV is expected to hamper the market growth.

The global automotive lighting market is expected to exhibit a CAGR of 7% over the forecast period from 2018 to 2023, according to the latest research report from Market Research Future (MRFR).

The global automotive intelligent lighting system market is mainly driven by the growing technological advancement in the field of intelligent lighting, sensors, and the Internet of Things, which is likely to drive further product development in the automotive intelligent lighting system market over the forecast period.Automotive intelligent lighting systems refer to electronic systems that monitor the ambient environment in terms of lighting and operate the lighting system accordingly.

This includes automatically turning on the headlight when it gets dark, operating the internal lighting to the maximum convenience of the driver, etc.

The growing demand for driver comfort in modern automobiles has driven the demand for automotive intelligent lighting systems in the last few years.

This is likely to be a key driver for the global automotive intelligent lighting systems market over the forecast period, as driver safety is likely to be a key agenda for a number of governments around the world over the forecast period.On the other hand, the high costs of automotive intelligent lighting systems have held back their widespread adoption over the world, as consumers with low disposable income cannot afford cars housing such technical equipment.

This could restrict the growth prospects of the global automotive intelligent lighting system market considerably over the forecast period, in spite of the growing prospects of the market in developed regions such as North America and Europe.Competitive Analysis:Leading players in the global automotive intelligent lighting system market include Stanley Electric Co. Ltd., Ichikoh Industries Ltd., Hyundai Mobis, Grupo Antolin, Koito Manufacturing Co. Ltd., Teknoware Oy, ELBA SA, Osram Continental GmbH, Magneti Marelli SpA, and Hella KGaA Hueck & Co.Osram Continental GmbH was formed in October 2018 by Osram and Continental GmbH forming a joint venture specifically targeting advancements in automotive intelligent lighting systems.