Automotive Lighting Market is expected to display a steady growth by 2027

The Automotive Lighting Market is expected to grow at a CAGR of around 11% from 2021-2027.

The demand for automobiles with modern technologies has increased as vehicle manufacturing and sales have increased around the world. As a result, automakers are developing and installing cutting-edge components in next car models.

Companies such as Hella KGAA HUECK & Co., for example, are developing and introducing new lighting systems with various functions such as connecting with pedestrians to ensure safety and suit client expectations. Automobile sales are rapidly increasing in developing countries such as Brazil, Russia, India, and China (BRIC).

Furthermore, factors such as urban population growth, rising income levels, and changing lifestyles all contribute to the growth of the automotive lighting industry.