Automotive Lighting Market 2021-2025 | 8% YOY Growth Expected in 2021

The automotive lighting market is poised to grow by USD 12.98 billion during 2021-2025, progressing at a CAGR of almost 9% during the forecast period.

The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the automotive lighting market.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. General Electric Co., HELLA GmbH and Co. KGaA, Hyundai Mobis Co. Ltd., KOITO MANUFACTURING CO., Ltd., Koninklijke Philips NV, LG Electronics Inc., Magneti Marelli CK Holdings Co. Ltd., OSRAM GmbH, Samsung Electronics Co. Ltd., and Valeo SA are some of the major market participants. Although the increasing demand for effective interior lighting will offer immense growth opportunities, the high cost of LED lamps is likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this automotive lighting market forecast report provides a detailed analysis of the leading market vendors.