LONDON–(BUSINESS WIRE)–Technavio has been monitoring the automotive LED headlamps market and it is poised to grow by USD 2.35 billion during 2020-2024, progressing at a CAGR of over 14% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report
The market is concentrated, and the degree of concentration will accelerate during the forecast period. Hella GmbH & Co. KGaA, Koito Manufacturing Co. Ltd., Koninklijke Philips