Asia-Pacific Next-Generation Automotive Lighting Markets, 2022-2023 and 2031 Featuring KOITO Manufacturing, Hyundai Mobis, Varroc Group, LG Innotek, and Stanley Electric [Yahoo! Finance]
KOITO MFG CO LTD UNSP/ADR (KOTMY)
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Source: Yahoo! Finance
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. Market Introduction APAC next-generation automotive lighting market is expanding due to a number of factors, such as rising passenger car sales and production, an increase in the number of autonomous vehicles on the road, and the introduction of cutting-edge technologies. Furthermore, it is projected that the adoption of next-generation automotive lighting systems will be fueled by growing concerns about safety as well as increased awareness of autonomous vehicles and advanced lighting systems worldwide. Nevertheless, increased
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