Asia-Pacific Next-Gen Automotive Lighting Market Outlook to 2031: Analysis by Vehicle Type, End Market, Product Type, Technology Type, and Country [Yahoo! Finance]
KOITO MFG CO LTD UNSP/ADR (KOTMY)
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Source: Yahoo! Finance
Lighting Market - Analysis and Forecast, 2022-2031" report has been added to ResearchAndMarkets.com's offering. The Asia-Pacific (APAC) next-generation automotive lighting market (excluding China) is projected to reach $6.76 billion by 2031 from $1.81 billion in 2022, growing at a CAGR of 15.77% during the forecast period 2022-2031. The APAC region is anticipated to experience significant growth in the next-generation automotive lighting market due to advancements in automotive lighting systems technology and the rising demand for luxury vehicles in the region. Key Trends Flexible Organic Light-Emitting Diode (OLED) Micro AFS LED Headlights Human-Centric Lighting Integration of LiDAR in Headlamps of Vehicles Laser Light for Headlights Business Dynamics Business Drivers Increase in Demand for Luxury Cars Growing Popularity of Autonomous Vehicles Stringent Safety Regulations for Lighting Systems Business Restraints Higher Cost Concerns with Next-Generation Au
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