Need for Product Differentiation and OEMs’ Urge to Provide Innovative and Latest Technologies are Fueling the Growth of the Automotive Exterior Lighting Market
This comprehensive analytics of the European and North American automotive exterior lighting industry covers technologies, regulations, trends, and safety aspects. As automotive exterior lighting evolves from a mere style statement to a vital safety element, it plays a crucial role in meeting energy efficiency and sustainability trends. With a focus on advanced solutions, such as LED, laser, and OLED technology, the study navigates the current market landscape, aligning with regional regulations and customer demands. Advancements, such as matrix LEDs, digital lighting, OLED tail lamps, and laser headlights will propel exterior lighting into a new era of brilliance.
From $15.96 billion in 2022, valuation is set to reach $19.24 billion by 2030, at a CAGR of 2.4%. The study comprehensively evaluates market penetration, revenue, and volume potential of various lighting technologies, encompassing LED, halogen, laser, and OLED for both front and rear exterior lighting. Embracing innovative trends, the research equips industry stakeholders with valuable insights to navigate the evolving regulatory landscape and capitalize on the vibrant opportunities that lie ahead.
KEY ISSUES ADDRESSED?
- What is automotive exterior lighting? What are the different types and subtypes of exterior lighting?
- What are the key drivers and restraints for the automotive exterior lighting market?
- How is the automotive exterior lighting market expected to grow? Who are the key OEMs responding to the trend?
- What is the impact of technological advancements and emerging trends on the automotive exterior lighting market in Europe and North America?
- What are the avenues of growth for the automotive exterior lighting market in North America and Europe until 2030?
