Germany Automotive Lighting Market to Grow to $ 18 Billion by 2024
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 AutomotiveLighting 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
market during
the forecast period.
Browse market data Tables and 110 Figures spread through Pages and an in-depth
TOC on "Global
Automotive Lighting Market"
https://www.techsciresearch.com/report/germany-automotive-lighting-market/4367.html
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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