Automotive Intelligent Lighting Market to Reach USD 37.26 Billion By 2027 | Rapid Rise in Sales of Premium and Luxury Cars Due to Rising Disposable Incomes will be the Key Factor Driving the Industry Growth, States Emergen Research

Automotive Intelligent Lighting Market to Reach USD 37

Vancouver, British Columbia, Jan. 27, 2021 (GLOBE NEWSWIRE) — The global automotive intelligent lighting market is forecasted to reach USD 37.26 Billion at a steady CAGR of 4.4% in 2027, according to latest analysis by Emergen Research. Increasing sales of luxury cars due to the rising purchasing power of consumers in the developing countries is driving the growth of the automotive intelligent lighting market during the forecast period. Increasing production and sales of commercial vehicles are contributing to the rising demand for the automotive intelligent lighting systems. The long-term energy and cost savings offered by LED compared to conventional lights is boosting the sales of the LED. The adoption of emerging technologies in the lighting market is expected to drive growth opportunities in the automotive intelligent lighting market during the forecast period. The adoption rate of advanced lighting systems is comparatively low among commercial vehicle manufacturers due to the high cost of advanced intelligent lighting systems.Claim Your FREE Sample Copy with Table of content@ https://www.emergenresearch.com/request-sample-form/5Key Highlights From The ReportIn January 2019, Plastic Omnium and the automotive suppliers Hella KGaA Hueck & Co. entered into a strategic partnership. The partnership aimed at accelerating the holistic integration of lighting technologies into the vehicle exterior, especially for the rear and front areas. The partnership is expected to provide advanced functionalities and new styling for the body exterior.The halogen segment accounted for largest market share of 59.1% in 2019. The easy availability and low purchasing & replacement costs of the halogen are driving the demand for halogen during the forecast period.The passenger cars segment accounted for largest market share of 52.3% in 2019. Growing sales of passenger vehicles coupled with the willingness of consumers to pay more for cars is expected to drive the adoption of automotive intelligent lighting in passenger cars.The headlamps segment accounted for a significantly high revenue share in the automotive intelligent lighting market in 2019. Growing usage of LEDs in headlamps compared to halogen and Xenon bulbs is driving the utilization of automotive intelligent lighting for headlamps.The Asia Pacific accounted for the largest revenue share contribution to the global automotive intelligent lighting market in 2019. Rapid urbanization and rising sales of luxury cars due to the increasing purchasing power of consumers in the developing countries are boosting the growth of the automotive intelligent lighting market during the forecast period.Key players in the market include Osram GmbH, Valeo S.A., Hella KGaA Hueck & Co., Stanley Electric, Koito Manufacturing Co., Ltd., Magneti Marelli, Koito Manufacturing Co., Ltd., General Electric, Continental, and Bosch, among others.Check Our Prices@ https://www.emergenresearch.com/select-license/5For the purpose of this report, Emergen Research has segmented the global Automotive Intelligent Lighting Market on the basis of Technology, Vehicle Type, Application, and region:Technology Outlook (Revenue, USD Billion; 2017-2027)HalogenLEDXenonOthersVehicle Type Outlook (Revenue, USD Billion; 2017-2027)Passenger CarsCommercial VehiclesApplication Outlook (Revenue, USD Billion; 2017-2027)Front/headlampsRearSideInteriorClick to access the Report Study, Read key highlights of the Report and Look at Projected Trends:   https://www.emergenresearch.com/industry-report/automotive-intelligent-lighting-marketRegional Outlook (Revenue, USD Billion; 2017-2027)North AmericaU.S.CanadaEuropeGermanyUKFranceBENELUXRest of EuropeAsia PacificChinaJapanSouth KoreaRest of APACLatin AmericaBrazilRest of LATAMMEASaudi ArabiaUAERest of MEATake a Look at our Related Reports:Spherical graphite market size was valued at USD 2,435.8 Million in 2019 and is forecasted to reach USD 9,598.8 Million by 2027 at a CAGR of 18.6%. The spherical graphite market is observing a double-digit growth attributed to its increasing usage in lithium-ion battery production.Sodium dichromate market size was valued at USD 759.2 Million in 2019 and is forecasted to reach USD 1,242.4 Million by 2027 at a CAGR of 6.3%. The sodium dichromate market is observing high demand attributed to its increasing application in pigment, metal finishing, chromium compounds preparation, leather tanning, and wood preservative.Acoustic insulation market size was valued at USD 12.94 Billion in 2019 and is forecasted to reach USD 19.64 Billion by 2027 at a CAGR of 5.3%. The acoustic insulation market is observing high demand attributed to its increasing application in building & construction, automotive, aerospace, and manufacturing.About Emergen ResearchEmergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.Contact Us:Eric LeeCorporate Sales SpecialistEmergen Research | Web: www.emergenresearch.comDirect Line: +1 (604) 757-9756E-mail: sales@emergenresearch.comFacebook | LinkedIn | Twitter | BlogsRead Full Press Release@ https://www.emergenresearch.com/press-release/global-automotive-intelligent-lighting-market

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