The Global Next-Generation Automotive Lighting market is estimated to grow at a CAGR of around 5.40% during the forecast period, i.e., 2023-28.                                       

Global Next-Generation Automotive Lighting Market Dynamics:

Key Driver: Rising Demand for the Autonomous Vehicles

Over the past few years, there has been a surge in the stipulation for connected vehicles owing to their advantages, such as enhanced safety, personalized driving experience, etc., over traditional motor vehicles. This has led the automobile manufacturers like Ford, Tesla, and several others, to integrate cars with digitally advanced technologies, including the Internet of Things (IoT), Artificial Intelligence (AI), and others, resulting in a substantial boost in demand for next-generation automotive lighting.

Moreover, these lighting systems are energy efficient, therefore resulting in lower fuel consumption & providing a longer distance range. Thus, reducing the carbon footprint of the vehicles & lowering the emissions by the motor vehicles. Additionally, automobile manufacturers are also seeking to utilize the solution to deliver the consumers with excellent safety features. Hence, they are actively integrating next-generation lighting to minimize potential road accidents, further enhancing the Global Next-Generation Automotive Lighting market size.

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Market Dimensions & Projections

·        Pricing Evaluation

·        Recent Strategic Moves by Companies

·        Primary Stakeholders

·        Import/Export Trend Analysis

·        Competitive Landscape Assessment

·        Emerging Opportunities

·        Market Trends and Indicators

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Global Next-Generation Automotive Lighting Market Segmentation:

The market report categorizes the market based on different segments and geographical analysis.

Study Timeline:

-Base Year: 2022

-Historical Period: 2018 to 2021

-Forecast Period: 2023-28

• By Product Type
  • Adaptive Lighting- Market Size & Forecast 2018-2028, USD Million
    • Auto ON/OFF-- Market Size & Forecast 2018-2028, USD Million
    • Bending/Cornering Lights-- Market Size & Forecast 2018-2028, USD Million
    • High Beam Assist-- Market Size & Forecast 2018-2028, USD Million
    • Headlight Leveling-- Market Size & Forecast 2018-2028, USD Million
  • Ambient Lighting-Market Size & Forecast 2018-2028, USD Million
  • Communicable Lighting- Market Size & Forecast 2018-2028, USD Million
  • Flexible Lighting- Market Size & Forecast 2018-2028, USD Million
• By Vehicle Type
  • Passenger Vehicles- Market Size & Forecast 2018-2028, USD Million
  • Commercial Vehicles- Market Size & Forecast 2018-2028, USD Million
• By Propulsion Type
  • Internal Combustion Engine Vehicles- Market Size & Forecast 2018-2028, USD Million
  • Electric Vehicles- Market Size & Forecast 2018-2028, USD Million
• By End User
  • OEM- Market Size & Forecast 2018-2028, USD Million
  • Aftermarket- Market Size & Forecast 2018-2028, USD Million
• By Technology Type
  • Halogen- Market Size & Forecast 2018-2028, USD Million
  • Xenon- Market Size & Forecast 2018-2028, USD Million
  • LED- Market Size & Forecast 2018-2028, USD Million
    • OLED-- Market Size & Forecast 2018-2028, USD Million
    • Mini LED-- Market Size & Forecast 2018-2028, USD Million
    • Micro LED-- Market Size & Forecast 2018-2028, USD Million
    • Matrix LED-- Market Size & Forecast 2018-2028, USD Million
  • Laser-- Market Size & Forecast 2018-2028, USD Million
• By Application
  • Front Lighting- Market Size & Forecast 2018-2028, USD Million
    • Headlights-- Market Size & Forecast 2018-2028, USD Million
    • Foglights-- Market Size & Forecast 2018-2028, USD Million
    • Daytime Running Lights (DRL) -- Market Size & Forecast 2018-2028, USD Million
  • Rear Lighting- Market Size & Forecast 2018-2028, USD Million
    • Tailights-- Market Size & Forecast 2018-2028, USD Million
    • Centre High-Mount Stop Light-- Market Size & Forecast 2018-2028, USD Million
    • License Plate Lamp-- Market Size & Forecast 2018-2028, USD Million
  • Sidelighting- Market Size & Forecast 2018-2028, USD Million
    • Sidelight-- Market Size & Forecast 2018-2028, USD Million
    • Side Rearview Mirror Indicator-- Market Size & Forecast 2018-2028, USD Million
  • Interior Lighting- Market Size & Forecast 2018-2028, USD Million
    • Dashboard-- Market Size & Forecast 2018-2028, USD Million
    • GloveBox-- Market Size & Forecast 2018-2028, USD Million
    • Reading Light-- Market Size & Forecast 2018-2028, USD Million
    • Dome Lights-- Market Size & Forecast 2018-2028, USD Million
    • Rearview Mirror Interior Lights-- Market Size & Forecast 2018-2028, USD Million
• By Region
  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including -   SGL Carbon SE, Novelis Inc., Constellium SE, Nemak, S.A.B. de C.V., GF Linamar LLC, Minth Group, ThyssenKrupp AG, Hitachi Metals, Ltd., POSCO, Norsk Hydro ASA, Gestamp Automocion, S.A., UACJ Corporation, Hanwha Advanced Materials, Continental Structural Plastics Inc., TRB Lightweight Structures

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