The implementation of next-generation automotive lighting is increasing in luxury vehicles. As a result, the global next-generation automotive lighting market is expected to flourish in the forecast period.
BIS Research, the global leader in providing market intelligence on deep technologies, has released its latest study Next-Generation Automotive Lighting Market – A Global and Regional Analysis.
According to this study, the market for global next-generation automotive lighting was valued at $12.11 billion in 2022 and is projected to reach $38.85 billion by 2031.
The following factors are responsible for the increase in demand for next-generation automotive lighting:
The detailed study is a compilation of 211 market data tables and 60 figures spread through 255 pages.
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Analyst’s Take on the Market Projection
According to Dhrubajyoti Narayan, Principal Analyst- BIS Research, “The market is evolving rapidly and is anticipated to continue to spur at the same pace in the following years. Businesses are developing innovative solutions and launching new products in the market. Collaborations and product launches are key strategies assisting the market’s growth. The massive shift in consumer preferences has provided a viable opportunity for automotive lighting manufacturers to gain strong ground in this domain. Moreover, increasing awareness regarding automotive lighting systems and autonomous cars and growing safety concerns are expected to increase the adoption of automotive lighting systems globally.”
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Major Existing Industry Leaders in the Next-Generation Automotive Lighting Market
The companies that are profiled have been selected based on input gathered from primary experts and analyzing company coverage, product portfolio, and market penetration. Some of the established names in the market are
Recent Developments in the Global Next-Generation Automotive Lighting Market
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Exclusive DeepTech™ MAP Analysis for Automotive by BIS Research:
About BIS Research:
BIS Research is a global B2B market intelligence and advisory firm focusing on deep technology and related emerging trends which can disrupt the market dynamics in the near future. We publish more than 200 market intelligence studies annually that focus on several deep technology verticals.
Our strategic market analysis emphasizes on market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.
BIS Research offers syndicate as well as custom studies and expert consultations to firms, providing them with specific and actionable insights on novel technology markets, business models, and competitive landscapes.
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