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Showing posts with the label Automotive Lighting Market

Automotive Lighting Market - Forecast(2021 - 2026)

  Automotive Lighting Market Overview The  global Automotive Lighting Market  is estimated to surpass  $29.84 billion  mark by 2026 growing at an estimated  CAGR of more than 4.2%  during the forecast period 2021 to 2026. Most ambient light today reflects a light source surface of interior surfaces and is designed to help the driver see till certain distance. Lighting is a vital component in automotive vehicles and plays a very important role in automotive safety. According to the Association for Safe International Road Travel, road accidents cause approximately 1.25 million death annually. Furthermore, 20-50 million people get injured and disabled every year due to accidents caused on the roads or by natural weather conditions such as rain, fog, dust, snow, and others. These statistics are reflective of the necessity for effective lighting in automotive vehicles to reduce major accidental incidences and this forms a crucial component for manual drivin...