The Levant Automotive Lighting market is growing at a rapid rate on account of extensive government programs in several countries such as Lebanon, Syria, increase in the disposable income of individuals and surging spending in the advance technologies for driving safety and comfort. Moreover, the escalating sales of SUV and premium vehicles, rising awareness about vehicle protection increasing application of LED lighting in automotive in order to reduce the rate of road accidents are the factors fostering the growth of automotive lighting market. During the turmoil of COVID-19, the automotive lighting market was negatively impacted due to decline in the production and demand of the automotive vehicles and disruption in the supply chain and market due to closed border and temporary closure of the manufacturing facilities.
Based on the application type, Front/Headlights and Rear acquired the significant market share. The increasing application of automotive lighting in the front and rear sides, rising adoption of adaptive front lights in order to prevent road accidents.
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The installation of automotive lighting in the passenger cars is high. This is due to rising discretionary income of the people resulting in continuous demand from the consumers leading to higher production of passenger cars and burgeoning demand for electric cars also led to generate the demand for advanced lighting system in the high-end vehicles. Hence, this is strongly contributing toward the growth of the market in the forthcoming timeline.
The key players with a considerable market share in the Levant Automotive Lightning market include OSRAM Jordan, Valeo, etc.
