Worldwide Automotive Lighting System Market to Surpass US $34 Bn by 2021, Surge in Vehicle Production to Be Key Growth Enabler
The global automotive lighting systems market has received a tremendous boost from the introduction of advanced lighting technologies. In a recent report, Transparency Market Research predicts that driven by the mounting production of vehicles and the growing revenue generated by the global automotive sector, the market for automotive lighting system is likely to expand from US$19.9 bn in 2014 to US $34.1 bn by 2021 at an 8.1% CAGR therein.
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