Increasing focus on enhancing security in vehicles and rising inclination of vehicle manufacturers towards advanced lighting systems to drive Germany automotive lighting market through 2024
According to TechSci Research report, “Germany Automotive Lighting Market by Vehicle Type, By Application, By Technology, By Demand Category, Competition, Forecast & Opportunities, 2024”, Germany automotive lighting market is projected to surpass $ 18 billion by 2024 owing to rising demand for automobiles, especially passenger cars. Moreover, increasing technological advancement in automotive lighting coupled with rising consumer interest in opting for vehicles equipped with excellent lighting solutions is expected to continue driving Germany automotive lighting marketduring the forecast period.
Browse market data Tables and 110 Figures spread through Pages and an in-depth TOC on“Global Automotive Lighting Market”
Germany automotive lighting market can be segmented based on vehicle type, application type, technology and demand category. Passenger car segment is the dominant vehicle segment in the country’s automotive lighting market. In terms of technology type, the market can be segmented into LED, XENON and HALOGEN segments, and LED segment acquires the highest share as it is the latest lighting technology that offers higher life span, less battery consumption and higher brightness.
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Hella GmbH & Co. KGaA, Valeo, Robert Bosch GmbH, Osram Licht AG, and Magneti Marelli are some of the leading players operating in Germany automotive lighting market. “Rising demand for automobiles integrated with modern lighting solutions is positively influencing the automotive lighting solutions market. Over the next five years, passenger car segment would continue to be the focus area for automotive lighting solution providers, with LED being the key technology.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Germany Automotive Lighting Market by Vehicle Type, By Application, By Technology, By Demand Category, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of automotive Lighting market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in Germany automotive lighting market.
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