Global Automotive Lighting Market Analysis Report 2023: A $48.8 Billion Industry by 2028 - Electrification and New Functions Pave the Way for Innovations
The global automotive lighting market in 2022 stood at US$33.67 billion, and is likely to reach US$48.80 billion by 2028.
- The global automotive lighting market in 2022 stood at US$33.67 billion, and is likely to reach US$48.80 billion by 2028.
- The global automotive lighting market value is projected to grow at a CAGR of 6.38%, during the forecast period of 2023-2028.
- Global Automotive lighting Market Dynamics:
Growth Drivers: Increasing sales and production of automotive vehicles has the potential to boost the growth of the automotive lighting market. - Global automotive lighting market is competitive with the top six players controlling more than 75% of the global market.