Automotive Lighting Market Research Report - Global Forecast till 2027

Automotive Lighting Market Research Report: Information by Technology (Halogen, Xenon and LED), Vehicle Type (Passenger Car, Light Commercial Vehicle and Heavy Commercial Vehicle), Application (Front Lights, Rear Lights, Side Lights and Interior Lights), End Market (OEM and Aftermarket) - Forecast till 2027

ID: MRFR/AM/1287-CR | July 2019 | Region: Global | 123 pages

Impact of COVID-19 on the Global Automotive Lighting Market


Automotive lighting consists of signaling and lighting devices integrated or mounted on the rear, front, top, and sides of vehicles. These lights raise the visibility of both the car and the roadway for the driver. They allow pedestrians and other drivers to see the vehicle position, presence, size, direction of travel, etc. The COVID-19 pandemic has drastically impacted various industries, especially the automotive industry. The world is fighting against the pandemic and is dealing with the economic crisis. Lockdowns initiated by governments worldwide to contain the spread of the pandemic have disrupted the manufacturing sector globally, drastically impacting the production of automotive lighting components, and thus the sales of vehicles. Besides, the halt in the export of the raw materials such as auto parts and other finished goods from China to other countries has also affected the production of vehicles, which has slowed down the adoption of lighting devices in passenger as well as commercial vehicles.


Additionally, the outbreak of COVID-19 has disrupted the automotive supply chain on a global scale. The demand for electric as well as conventional vehicles has also decreased during the pandemic, which has impacted the growth of the automotive lighting market. Moreover, the change in consumers’ purchasing behavior owing to economic uncertainties has also affected the demand for automotive lighting devices and systems. According to the MRFR analysis, Asia-Pacific is expected to witness a decline in demand due to the halted production of new vehicles. The gradual reopening of manufacturing facilities is expected to drive the growth of the market slightly. The region is estimated to hold the largest market share in the global automotive lighting market owing to the high sales of automobiles and the rapid consumer adoption of vehicles.


U.S. Vehicle Sales (In Thousand Units)

1 Executive Summary

2 Introduction

2.1 Definition 14

2.2 Scope of the Study 14

2.3 Assumptions 14

2.4 Market Structure 15

3 Research Methodology

3.1 Research Process 16

3.2 Primary Research 17

3.3 Secondary Research 17

3.4 Market Size Estimation 17

3.5 Forecast Model 19

4 Market Dynamics

4.1 Market Drivers 20

4.1.1 Increase in Sales of New Vehicles 20

4.1.2 Expansion of Global Auto-Manufacturers into New Emerging Markets 21

4.1.3 Accelerating Urbanization Led to Growth of Automobile Industry 21

4.2 Market Restraints 22

4.2.1 Increasing Pricing Pressures 22

4.2.2 Underdeveloped Aftermarket Services 22

4.3 Opportunities 23

4.3.1 Advanced Automotive Industry Technology 23

5 Market Factor Analysis

5.1 Five Forces Analysis 24

5.1.1 Threat from New Entrants 24

5.1.2 Bargaining Power of Supplier 25

5.1.3 Bargaining Power of Buyers 25

5.1.4 Threat from Substitutes 25

5.1.5 Threat of Rivalry 25

5.2 Value Chain Analysis 25

5.2.1 Lighting Components Supply 26

5.2.2 Manufacture & assembly 26

5.2.3 Distribution 26

5.2.4 End-use 27

6 Global Automotive Lighting Market, By Technology

6.1 Introduction 29

6.1.1 Halogen 31

6.1.2 Xenon 31

6.1.3 LED 31

7 Global Automotive Lighting Market, By Vehicle Type

7.1 Introduction 33

7.1.1 Passenger Car 34

7.1.2 Light Commercial Vehicle 34

7.1.3 Heavy Commercial Vehicle 35

8 Global Automotive Lighting Market, By Application

8.1 Introduction 37

8.1.1 Front Lights 39

8.1.2 Rear Lights 39

8.1.3 Side Lights 39

8.1.4 Interior Lights 39

9 Global Automotive Lighting Market, By End Market

9.1 Introduction 41

9.1.1 OEM 42

9.1.2 Aftermarket 42

10 Global Automotive Lighting Market, By Region

10.1 Introduction 44

10.2 North America 46

10.2.1 US 49

10.2.2 Canada 51

10.3 Europe 53

10.3.1 Germany 57

10.3.2 UK 59

10.3.3 France 61

10.3.4 Italy 63

10.3.5 Rest of Europe 65

10.4 Asia-Pacific 67

10.4.1 China 71

10.4.2 Japan 73

10.4.3 India 75

10.4.4 Rest of Asia-Pacific 77

10.5 Rest of the World 79

10.5.1 Middle East & Africa 83

10.5.2 Latin America 85

11 Competitive Landscape

11.1.1 Expansion 88

11.1.1 Product Development 89

11.1.2 Mergers & Acquisitions 89

11.1.3 Collaboration and Partnership 89

12 Company Profile

12.1 Magneti Marelli 90

12.1.1 Company Overview 90

12.1.2 Product/Service Offerings 90

12.1.3 Financial Overview 91

12.1.4 Strategy 92

12.1.5 Key Developments 93

12.1.6 SWOT 94

12.2 Philips Lighting NV 95

12.2.1 Company Overview 95

12.2.2 Product/Service offering 95

12.2.3 Financial Overview 96

12.2.4 Strategy 97

12.2.5 SWOT Analysis 98

12.3 Ichikoh Industries Ltd 99

12.3.1 Company Overview 99

12.3.2 Product/Service Offering 99

12.3.3 Financial Overview 99

12.3.4 Strategy 101

12.3.5 SWOT Analysis 101

12.4 HELLA KGaA Hueck & Co 102

12.4.1 Company profile 102

12.4.2 Financial Overview 102

12.4.3 Product/Service Offering 103

12.4.4 Strategy 103

12.4.5 SWOT Analysis 104

12.5 Koito Manufacturing CO., LTD. 105

12.5.1 Company profile 105

12.5.2 Financial Overview 105

12.5.3 Product/Service Offering 106

12.5.4 Strategy 106

12.5.5 SWOT Analysis 107

12.6 ZKW Lichtsysteme GmbH 108

12.6.1 Company profile 108

12.6.2 Financial Overview 108

12.6.3 Product/Service Offering 108

12.6.4 Strategy 108

12.6.5 Chart: Key Developments 109

12.7 Peterson Manufacturing Company 110

12.7.1 Company profile 110

12.7.2 Financial Overview 110

12.7.3 Product/Service Offering 110

12.7.4 Strategy 110

12.8 OSRAM GmbH 111

12.8.1 Company profile 111

12.8.2 Financial Overview 111

12.8.3 Product/Service Offering 112

12.8.4 Strategy 112

12.9 Stanley Electric Co. Ltd 114

12.9.1 Company profile 114

12.9.2 Financial Overview 114

12.9.3 Product/Service Offering 115

12.9.4 Strategy 116

12.9.5 Chart: Key Developments 116

12.10 General Electric 117

12.10.1 Company Overview 117

12.10.2 Financial Overview 117

12.10.3 Strategy 118

13 List of Tables

TABLE 1 GLOBAL AUTOMOTIVE LIGHTING MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION) 30

TABLE 2 GLOBAL AUTOMOTIVE LIGHTING MARKET, BY VEHICLE TYPE, 2018–2025 (USD MILLION) 34

TABLE 3 GLOBAL AUTOMOTIVE LIGHTING MARKET, BY APPLICATION, 2018–2025 (USD MILLION) 38

TABLE 4 GLOBAL AUTOMOTIVE LIGHTING MARKET, BY END MARKET, 2018–2025 (USD MILLION) 42

TABLE 5 GLOBAL AUTOMOTIVE LIGHTING MARKET, BY REGION, 2018–2025 (USD MILLION) 45

TABLE 6 NORTH AMERICA AUTOMOTIVE LIGHTING MARKET, BY COUNTRY 2018–2025 (USD MILLION) 47

TABLE 7 NORTH AMERICA AUTOMOTIVE LIGHTING MARKET, BY TECHNOLOGY 2018–2025 (USD MILLION) 47

TABLE 8 NORTH AMERICA AUTOMOTIVE LIGHTING MARKET, BY VEHICLE TYPE 2018–2025 (USD MILLION) 48

TABLE 9 NORTH AMERICA AUTOMOTIVE LIGHTING MARKET, BY APPLICATION 2018–2025 (USD MILLION) 48

TABLE 10 NORTH AMERICA AUTOMOTIVE LIGHTING MARKET, BY END MARKET 2018–2025 (USD MILLION) 49

TABLE 11 US AUTOMOTIVE LIGHTING MARKET, BY TECHNOLOGY 2018–2025 (USD MILLION) 49

TABLE 12 US AUTOMOTIVE LIGHTING MARKET, BY VEHICLE TYPE 2018–2025 (USD MILLION) 50

TABLE 13 US AUTOMOTIVE LIGHTING MARKET, BY APPLICATION 2018–2025 (USD MILLION) 50

TABLE 14 US AUTOMOTIVE LIGHTING MARKET, BY END MARKET 2018–2025 (USD MILLION) 51

TABLE 15 CANADA AUTOMOTIVE LIGHTING MARKET, BY TECHNOLOGY 2018–2025 (USD MILLION) 51

TABLE 16 CANADA AUTOMOTIVE LIGHTING MARKET, BY VEHICLE TYPE 2018–2025 (USD MILLION) 52

TABLE 17 CANADA AUTOMOTIVE LIGHTING MARKET, BY APPLICATION 2018–2025 (USD MILLION) 52

TABLE 18 CANADA AUTOMOTIVE LIGHTING MARKET, BY END MARKET 2018–2025 (USD MILLION) 53

TABLE 19 EUROPE AUTOMOTIVE LIGHTING MARKET, BY COUNTRY 2018–2025 (USD MILLION) 54

TABLE 20 EUROPE AUTOMOTIVE LIGHTING MARKET, BY TECHNOLOGY 2018–2025 (USD MILLION) 55

TABLE 21 EUROPE AUTOMOTIVE LIGHTING MARKET, BY VEHICLE TYPE 2018–2025 (USD MILLION) 55

TABLE 22 EUROPE AUTOMOTIVE LIGHTING MARKET, BY APPLICATION 2018–2025 (USD MILLION) 56

TABLE 23 EUROPE AUTOMOTIVE LIGHTING MARKET, BY END MARKET 2018–2025 (USD MILLION) 56

TABLE 24 GERMANY AUTOMOTIVE LIGHTING MARKET, BY TECHNOLOGY 2018–2025 (USD MILLION) 57

TABLE 25 GERMANY AUTOMOTIVE LIGHTING MARKET, BY VEHICLE TYPE 2018–2025 (USD MILLION) 57

TABLE 26 GERMANY AUTOMOTIVE LIGHTING MARKET, BY APPLICATION 2018–2025 (USD MILLION) 57

TABLE 27 GERMANY AUTOMOTIVE LIGHTING MARKET, BY END MARKET 2018–2025 (USD MILLION) 58

TABLE 28 UK AUTOMOTIVE LIGHTING MARKET, BY TECHNOLOGY 2018–2025 (USD MILLION) 59

TABLE 29 UK AUTOMOTIVE LIGHTING MARKET, BY VEHICLE TYPE 2018–2025 (USD MILLION) 59

TABLE 30 UK AUTOMOTIVE LIGHTING MARKET, BY APPLICATION 2018–2025 (USD MILLION) 60

TABLE 31 UK AUTOMOTIVE LIGHTING MARKET, BY END MARKET 2018–2025 (USD MILLION) 60

TABLE 32 FRANCE AUTOMOTIVE LIGHTING MARKET, BY TECHNOLOGY 2018–2025 (USD MILLION) 61

TABLE 33 FRANCE AUTOMOTIVE LIGHTING MARKET, BY VEHICLE TYPE 2018–2025 (USD MILLION) 61

TABLE 34 FRANCE AUTOMOTIVE LIGHTING MARKET, BY APPLICATION 2018–2025 (USD MILLION) 62

TABLE 35 FRANCE AUTOMOTIVE LIGHTING MARKET, BY END MARKET 2018–2025 (USD MILLION) 62

TABLE 36 ITALY AUTOMOTIVE LIGHTING MARKET, BY TECHNOLOGY 2018–2025 (USD MILLION) 63

TABLE 37 ITALY AUTOMOTIVE LIGHTING MARKET, BY VEHICLE TYPE 2018–2025 (USD MILLION) 63

TABLE 38 ITALY AUTOMOTIVE LIGHTING MARKET, BY APPLICATION 2018–2025 (USD MILLION) 64

TABLE 39 ITALY AUTOMOTIVE LIGHTING MARKET, BY END MARKET 2018–2025 (USD MILLION) 64

TABLE 40 REST OF EUROPE AUTOMOTIVE LIGHTING MARKET, BY TECHNOLOGY 2018–2025 (USD MILLION) 65

TABLE 41 REST OF EUROPE AUTOMOTIVE LIGHTING MARKET, BY VEHICLE TYPE 2018–2025 (USD MILLION) 65

TABLE 42 REST OF EUROPE AUTOMOTIVE LIGHTING MARKET, BY APPLICATION 2018–2025 (USD MILLION) 66

TABLE 43 REST OF EUROPE AUTOMOTIVE LIGHTING MARKET, BY END MARKET 2018–2025 (USD MILLION) 66

TABLE 44 ASIA-PACIFIC AUTOMOTIVE LIGHTING MARKET, BY COUNTRY 2018–2025 (USD MILLION) 68

TABLE 45 ASIA-PACIFIC AUTOMOTIVE LIGHTING MARKET, BY TECHNOLOGY 2018–2025 (USD MILLION) 69

TABLE 46 ASIA-PACIFIC AUTOMOTIVE LIGHTING MARKET, BY VEHICLE TYPE 2018–2025 (USD MILLION) 69

TABLE 47 ASIA-PACIFIC AUTOMOTIVE LIGHTING MARKET, BY APPLICATION 2018–2025 (USD MILLION) 70

TABLE 48 ASIA-PACIFIC AUTOMOTIVE LIGHTING MARKET, BY END MARKET 2018–2025 (USD MILLION) 70

TABLE 49 CHINA AUTOMOTIVE LIGHTING MARKET, BY TECHNOLOGY 2018–2025 (USD MILLION) 71

TABLE 50 CHINA AUTOMOTIVE LIGHTING MARKET, BY VEHICLE TYPE 2018–2025 (USD MILLION) 71

TABLE 51 CHINA AUTOMOTIVE LIGHTING MARKET, BY APPLICATION 2018–2025 (USD MILLION) 71

TABLE 52 CHINA AUTOMOTIVE LIGHTING MARKET, BY END MARKET 2018–2025 (USD MILLION) 72

TABLE 53 JAPAN AUTOMOTIVE LIGHTING MARKET, BY TECHNOLOGY 2018–2025 (USD MILLION) 73

TABLE 54 JAPAN AUTOMOTIVE LIGHTING MARKET, BY VEHICLE TYPE 2018–2025 (USD MILLION) 74

TABLE 55 JAPAN AUTOMOTIVE LIGHTING MARKET, BY APPLICATION 2018–2025 (USD MILLION) 74

TABLE 56 JAPAN AUTOMOTIVE LIGHTING MARKET, BY END MARKET 2018–2025 (USD MILLION) 75

TABLE 57 INDIA AUTOMOTIVE LIGHTING MARKET, BY TECHNOLOGY 2018–2025 (USD MILLION) 75

TABLE 58 INDIA AUTOMOTIVE LIGHTING MARKET, BY VEHICLE TYPE 2018–2025 (USD MILLION) 76

TABLE 59 INDIA AUTOMOTIVE LIGHTING MARKET, BY APPLICATION 2018–2025 (USD MILLION) 76

TABLE 60 INDIA AUTOMOTIVE LIGHTING MARKET, BY END MARKET 2018–2025 (USD MILLION) 77

TABLE 61 REST OF ASIA-PACIFIC AUTOMOTIVE LIGHTING MARKET, BY TECHNOLOGY 2018–2025 (USD MILLION) 77

TABLE 62 REST OF ASIA-PACIFIC AUTOMOTIVE LIGHTING MARKET, BY VEHICLE TYPE 2018–2025 (USD MILLION) 78

TABLE 63 REST OF ASIA-PACIFIC AUTOMOTIVE LIGHTING MARKET, BY APPLICATION 2018–2025 (USD MILLION) 78

TABLE 64 REST OF ASIA-PACIFIC AUTOMOTIVE LIGHTING MARKET, BY END MARKET 2018–2025 (USD MILLION) 79

TABLE 65 REST OF THE WORLD AUTOMOTIVE LIGHTING MARKET, BY REGION 2018–2025 (USD MILLION) 80

TABLE 66 REST OF THE WORLD AUTOMOTIVE LIGHTING MARKET, BY TECHNOLOGY 2018–2025 (USD MILLION) 81

TABLE 67 REST OF THE WORLD AUTOMOTIVE LIGHTING MARKET, BY VEHICLE TYPE 2018–2025 (USD MILLION) 81

TABLE 68 REST OF THE WORLD AUTOMOTIVE LIGHTING MARKET, BY APPLICATION 2018–2025 (USD MILLION) 82

TABLE 69 REST OF THE WORLD AUTOMOTIVE LIGHTING MARKET, BY END MARKET 2018–2025 (USD MILLION) 82

TABLE 70 MIDDLE EAST & AFRICA AUTOMOTIVE LIGHTING MARKET, BY TECHNOLOGY 2018–2025 (USD MILLION) 83

TABLE 71 MIDDLE EAST & AFRICA AUTOMOTIVE LIGHTING MARKET, BY VEHICLE TYPE 2018–2025 (USD MILLION) 83

TABLE 72 MIDDLE EAST & AFRICA AUTOMOTIVE LIGHTING MARKET, BY APPLICATION 2018–2025 (USD MILLION) 84

TABLE 73 MIDDLE EAST & AFRICA AUTOMOTIVE LIGHTING MARKET, BY END MARKET 2018–2025 (USD MILLION) 84

TABLE 74 LATIN AMERICA AUTOMOTIVE LIGHTING MARKET, BY TECHNOLOGY 2018–2025 (USD MILLION) 85

TABLE 75 LATIN AMERICA AUTOMOTIVE LIGHTING MARKET, BY VEHICLE TYPE 2018–2025 (USD MILLION) 85

TABLE 76 LATIN AMERICA AUTOMOTIVE LIGHTING MARKET, BY APPLICATION 2018–2025 (USD MILLION) 86

TABLE 77 LATIN AMERICA AUTOMOTIVE LIGHTING MARKET, BY END MARKET 2018–2025 (USD MILLION) 86

14 List of Figures

FIGURE 1 RESEARCH PROCESS OF MRFR 16

FIGURE 2 TOP DOWN & BOTTOM UP APPROACH 18

FIGURE 3 IMPACT ANALYSIS: MARKET DRIVERS 20

FIGURE 4 SALES OF NEW VEHICLE, 2013-2016, 21

FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS 22

FIGURE 6 FIVE FORCES ANALYSIS 24

FIGURE 7 VALUE CHAIN ANALYSIS 25

FIGURE 8 GLOBAL AUTOMOTIVE LIGHTING MARKET, BY TECHNOLOGY, 2018 (%) 29

FIGURE 9 GLOBAL AUTOMOTIVE LIGHTING MARKET, BY TECHNOLOGY, 2018–2025 (USD MILLION) 30

FIGURE 10 GLOBAL AUTOMOTIVE LIGHTING MARKET, BY VEHICLE TYPE, 2018 (%) 33

FIGURE 11 GLOBAL AUTOMOTIVE LIGHTING MARKET, BY VEHICLE TYPE, 2018–2025 (USD MILLION) 33

FIGURE 12 GLOBAL AUTOMOTIVE LIGHTING MARKET, BY APPLICATION, 2018 (%) 37

FIGURE 13 GLOBAL AUTOMOTIVE LIGHTING MARKET, BY APPLICATION, 2018–2025 (USD MILLION) 38

FIGURE 14 GLOBAL AUTOMOTIVE LIGHTING MARKET, BY END MARKET, 2018 (%) 41

FIGURE 15 GLOBAL AUTOMOTIVE LIGHTING MARKET, BY END MARKET, 2018–2025 (USD MILLION) 41

FIGURE 16 GLOBAL AUTOMOTIVE LIGHTING MARKET SHARE (%), BY REGION, 2016 44

FIGURE 17 GLOBAL AUTOMOTIVE LIGHTING MARKET, BY REGION, 2018–2025 (USD MILLION) 45

FIGURE 18 NORTH AMERICA AUTOMOTIVE LIGHTING MARKET SHARE (%), 2018 46

FIGURE 19 NORTH AMERICA AUTOMOTIVE LIGHTING MARKET, BY COUNTRY 2018–2025 (USD MILLION) 46

FIGURE 20 EUROPE AUTOMOTIVE LIGHTING MARKET SHARE (%), 2018 53

FIGURE 21 EUROPE AUTOMOTIVE LIGHTING MARKET, BY COUNTRY 2018–2025 (USD MILLION) 54

FIGURE 22 ASIA-PACIFIC AUTOMOTIVE LIGHTING MARKET SHARE (%) IN 2018 67

FIGURE 23 ASIA-PACIFIC AUTOMOTIVE LIGHTING MARKET, BY COUNTRY 2018–2025 (USD MILLION) 68

FIGURE 24 REST OF THE WORLD AUTOMOTIVE LIGHTING MARKET SHARE (%), 2018 79

FIGURE 25 REST OF THE WORLD AUTOMOTIVE LIGHTING MARKET, BY REGION 2018–2025 (USD MILLION) 80

FIGURE 26 GROWTH STRATEGIES ADOPTED BY KEY PLAYERS IN GLOBAL AUTOMOTIVE LIGHTING MARKET, 2015–2027 87

FIGURE 27 EXPANSION: % SHARE BY KEY PLAYERS, 2015–2027 88

FIGURE 28 PRODUCT DEVELOPMENT: % SHARE BY KEY PLAYERS, 2015–2027 89

FIGURE 29 MAGNETI MARELLI: TOTAL REVENUE (USD MILLION) 91

FIGURE 30 EBIT 91

FIGURE 31 MAGNETI MARELLI: GEOGRAPHIC REVENUE, 2018 (%) 92

FIGURE 32 SWOT ANALYSIS 94

FIGURE 33 PHILIPS LIGHTING NV: TOTAL REVENUE (USD MILLION) 96

FIGURE 34 PHILIPS LIGHTING NV: SEGMENT REVENUE, 2018 96

FIGURE 35 PHILIPS LIGHTING NV: GEOGRAPHIC REVENUE, 2018 (%) 97

FIGURE 36 PHILIPS LIGHTING NV: SWOT ANALYSIS 98

FIGURE 37 ICHIKOH INDUSTRIES: TOTAL REVENUE (USD MILLION) 99

FIGURE 38 ICHIKOH INDUSTRIES: GEOGRAPHIC REVENUE (%), 2018 100

FIGURE 39 ICHIKOH INDUSTRIES: SEGMENT REVENUE (%), 2018 100

FIGURE 40 ICHIKOH INDUSTRIES :SWOT ANALYSIS 101

FIGURE 41 HELLA KGAA HUECK & CO: TOTAL REVENUE (USD MILLION) 102

FIGURE 42 HELLA KGAA HUECK & CO: GEOGRAPHIC REVENUE MIX, 2018 (%) 103

FIGURE 43 HELLA KGAA HUECK & CO: KEY DEVELOPMENTS, 2015–2027 (%) 104

FIGURE 44 HELLA KGAA HUECK & CO : SWOT ANALYSIS 104

FIGURE 45 KOITO MANUFACTURING CO., LTD: TOTAL REVENUE (USD MILLION) 105

FIGURE 46 KOITO MANUFACTURING CO., LTD: GEOGRAPHIC REVENUE MIX, 2018 (%) 106

FIGURE 47 KOITO MANUFACTURING CO., LTD: SWOT ANALYSIS 107

FIGURE 48 OSRAM GMBH : TOTAL REVENUE AND SEGMENTAL REVENUE (SPECIALITY LIGHTING) 111

FIGURE 49 OSRAM GMBH: GEOGRAPHICAL REVENUE MIX, 2018 (%) 112

FIGURE 50 OSRAM GMBH: KEY DEVELOPMENTS, 2015–2027 (%) 113

FIGURE 51 STANLEY ELECTRIC CO. LTD: TOTAL REVENUE (USD MILLION) 114

FIGURE 52 STANLEY ELECTRIC CO. LTD: GEOGRAPHICAL REVENUE MIX, 2018 (%) 115

FIGURE 53 GE COMPANY: TOTAL REVENUE VS SEGMENTAL REVENUE (ENERGY CONNECTIONS & LIGHTING ) 117

FIGURE 54 GENERAL ELECTRIC: GEOGRAPHICAL REVENUE MIX, 2018 (%) 118