Product ID: SQMIG45K2058
Report ID:
SQMIG45K2058 |
Region:
Global |
Published Date: March, 2024
Pages:
197
|
Tables:
59 |
Figures:
75
North America dominated the global automotive lighting market, owing to the high adoption of advanced technologies and strict government regulations related to vehicle safety. The United States and Canada are the major countries contributing to the growth of the automotive lighting market in this region. Additionally, the high per capita income and purchasing power of consumers in this region are driving the demand for premium vehicles, which, in turn, is expected to boost the demand for advanced automotive lighting systems. Moreover, the presence of key market players, such as General Electric Company and Osram Licht AG, is further propelling the market growth in this region.
The APAC region is the fastest-growing region in the global automotive lighting market, owing to the significant growth of the automotive industry in countries such as China, India, and Japan. The increasing demand for passenger and commercial vehicles and the rise in disposable income and urbanization are expected to fuel the demand for advanced automotive lighting systems in this region. Moreover, the presence of emerging market players, such as Koito Manufacturing Co. Ltd., and increasing investments in research and development activities, are further propelling the market growth in the APAC region.
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Product ID: SQMIG45K2058