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Stock impact report

Automotive Lighting Market to Grow by USD 12.38 Billion (2024-2028) with Rising Demand for Interior Lighting, Report with the AI Impact on Market Trends - Technavio [Yahoo! Finance]

Koninklijke Philips N.V. NY Registry Shares (PHG) 
US:NYSE Investor Relations: philips.com/a-w/about/investor.html
Company Research Source: Yahoo! Finance
The increasing demand for effective interior lighting, the trend towards the development of autonomous vehicles, and the growing demand for advanced lighting systems in cars, especially in luxury vehicles, are driving the growth of the automotive lighting market. (Source: Technavio) The high cost of LED lamps, affordability concerns for mass-market passenger cars, buses, and commercial vehicles, and the need for adaptive lighting systems that respond to road tracks, vehicle movements, and pedestrian presence are some of the challenges faced by the automotive lighting market. (Source: Technavio) The automotive lighting market is segmented by vehicle type (passenger cars and commercial vehicles), end-user (OEM and aftermarket), and geography (APAC, Europe, North America, South America, and Middle East and Africa). (Source: Technavio) Some of the key players in the automotive lighting market include Continental AG, FlexNGate Group of Companies, General Electric Co., Hyundai Motor Show less Read more
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