Automotive Lighting Market for ICE and EV by Technology, Position & Application, Adaptive Lighti
The Automotive Lighting Market is projected to grow from USD 21.9 billion in 2022 toUSD 28.5 billion by 2027, at a CAGR of 5.3% during the forecast period. Consumers' demand for aesthetically appealing lights in a car is ultimately driving the demand for automotive lighting. Implementation of stringent safety standards is also driving the adoption of advanced automotive lighting systems. Additionally, the growing sales of electric and autonomous vehicles are expected to create lucrative opportunities for automotive lighting manufacturers.
Headlight leveling offers various benefits, such as better visibility and enhanced safety, adapting the driving conditions to avoid blinding cornering lights, etc. Due to their safety benefits, self-leveling headlights are mandatory in many countries, such as the US, Germany, and Japan. Lexus, Audi, and many high-end manufacturers offer headlight leveling features. Currently, the penetration of headlight leveling is majorly concentrated in Europe, followed by North America.
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Last Update : Nov 09, 2022 4:23 AM
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|Item Owner : vidhya|
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