Automotive Lighting Market Outlook to 2024 : Global Industry to Witness Steady Growth of 5% CAGR : GE, HELLA, Hyundai MOBIS, Magneti Marelli, OSRAM Group, Valeo, Philips
LED technology in the automotive lighting market is expected to witness several growth opportunities over the forecast timeline. The penetration of LED technology from high-end to mid-range and low-range vehicles is one of the major factors contributing to the growth of the market. This is attributed to the declining costs of LEDs ensued by the optimization and the calibration of LED modules, which is compelling the car manufacturers to introduce LED lighting in economical cars as well. The benefits include...
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