According to a market report by Lucintel, the future of the global on highway vehicle lighting market looks promising with opportunities in the headlight, exterior light, and internal light applications. The global on highway vehicle lighting market is expected to reach an estimated $29.1 billion by 2030 from $22.2 billion in 2024, at a CAGR of 4.6% from 2024 to 2030. The major drivers for this market are increasing focus on vehicle safety regulations, growing demand for energy-efficient LED lighting solutions, and rising technological advancements in smart lighting systems for vehicles.
A more than 150-page report to understand trends, opportunity and forecast in on highway vehicle lighting market to 2030 by product type (halogen, high intensity discharge, light-emitting diode, incandescent, and laser), vehicle type (motorcycle, passenger cars, buses, light trucks, medium trucks, heavy trucks, and others), application (headlight, exterior lights, and internal lights), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the product type category, light-emitting diode is expected to witness the highest growth over the forecast period.
Within the application category, headlight is expected to witness the highest growth over the forecast period.
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In terms of regions, APAC will remain the largest region over the forecast period.
Marelli Automotive Lighting, KOITO MANUFACTURING, Valeo, Koninklijke Philips, Zizala Lichtsysteme, TYC Genera, Spyder Auto are the major suppliers in the on highway vehicle lighting market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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