Automotive Perimeter Lighting System Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Automotive Perimeter Lighting Industry Overview

The Automobile Perimeter Lighting Market is dominated by several key players. Some of the major companies in the market are Samvardha Motherson Group, Setina Manufacturing, Gentex Corporation, Koito Manufacturing Co. Ltd, and Magna International Inc. The market is driven mainly by investments and innovations by the major automobile perimeter lighting manufacturers. For instance,

• In February 2022, Samvardhana Motherson Automotive Systems Group BV, a part of Motherson Group, inked an MoU with Paris-based Valeo for lighting solutions. As part of the Memorandum of Understanding (MoU), Valeo's innovative lighting systems will be integrated with Motherson's new cabin interior modules and surfaces.
• In June 2021, Magna is pushing vehicle design possibilities with its new innovative Surface Element Lighting technology, which offers a new palette of options for automotive designers. First-to-market on the all-electric 2021 Volkswagen ID.4, Surface Element Lighting is contained within a compact package, providing a homogeneous appearance and customizable, affordable LED lighting options for exterior vehicle applications.