$ 2.32 Billion growth expected in Global Automotive Intelligent Lighting System Market

The global automotive intelligent lighting system market is set to grow by USD 2.32 billion during 2021-2025. However, the market growth momentum is expected to decelerate at a CAGR of almost 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

The market is fragmented, and the degree of fragmentation will decelerate during the forecast period. De Amertek Corp., HELLA GmbH & Co. KGaA, J.W. Speaker Corp., KOITO MANUFACTURING CO., Ltd., Marelli Holdings Co. Ltd., OSRAM GmbH, Stanley Electric Co. Ltd., Valeo SA, Varroc Engineering Ltd., and ZKW Group GmbH are some of the major market participants.

The increasing adoption of automotive intelligent lighting systems as product differentiators will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments.