DUBLIN, August 30, 2021–(BUSINESS WIRE)–The “Vehicular Lighting – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Global Vehicular Lighting Market to Reach 2.2 Billion Units by 2027
Amid the COVID-19 crisis, the global market for Vehicular Lighting estimated at 1.7 Billion Units in the year 2020, is projected to reach a revised size of 2.2 Billion Units by 2027, growing at a CAGR of 3.2% over the analysis period 2020-2027.
Automotive Tail Lamps/Brake Lamps, one of the segments analyzed in the report, is projected to record a 3.4% CAGR and reach 385.3 Million Units by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the (Automotive) Headlamps segment is readjusted to a revised 3.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at 470.4 Million Units, While China is Forecast to Grow at 5.8% CAGR…