Global Strategic Review of On-Road Vehicle Lighting

The “On-Highway Vehicle Lighting – Global Strategic business Report” by ResearchAndMarkets.com reveals that the global market for on-highway vehicle lighting, valued at $31.2 billion in 2023, is projected to grow to $47.4 billion by 2030, driven by a compound annual growth rate (CAGR) of 6.2%. This growth is attributed to the increasing focus on vehicle safety, the adoption of advanced lighting technologies such as LEDs and adaptive headlights, and the rising demand for energy-efficient solutions. Additionally, government regulations and the integration of lighting with advanced driver assistance systems (ADAS) are accelerating the shift towards improved vehicle lighting standards. The report details key market segments, including passenger cars, commercial vehicles, and two-wheelers, highlighting the dominance of LED technology in modern lighting systems. As vehicle manufacturers prioritize safety and energy efficiency, innovations in smart lighting and the expansion of lighting in luxury and commercial fleets create further opportunities for market advancement.

Global Strategic Review of On-Road Vehicle Lighting

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