In 2023, the recorded production of electrical lighting or visual signaling equipment for motor vehicles in France was 676 million euros. The forecasted values from 2024 to 2028 indicate a declining trend. From 2024 to 2025, the production is expected to decrease by 3.9%, followed by another 4.0% decrease by 2026. The trend continues with reductions of 4.1% and 4.3% in 2027 and 2028, respectively. The Compound Annual Growth Rate (CAGR) for the period from 2024 to 2028 indicates an average annual decline of 3.9%.
Future trends to watch for:
- Technological advancements in automotive lighting and signaling equipment.
- Impact of regulations and standards on production and innovation in the sector.
- Shifts in demand due to the rise of electric vehicles and autonomous driving technologies.