Report Code: CMI19985

Published Date: October 2022

Pages: 220+

Category: Automotive

Report Snapshot

CAGR: 13%
4B
2021
4.6B
2022
10B
2030

Source: CMI

Study Period: 2024-2033
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Automotive Lighting LLC
  • Koito Manufacturing Co. Ltd.
  • Lumileds Holding B.V.
  • Others

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Reports Description

Surging demand for LED automotive exterior lighting is bolstering the market growth.

According to Custom Market Insights (CMI), The Global Automotive Smart Lighting Market size was worth around USD 4 billion in 2021 and is expected to reach USD 4.6 billion in 2022 and is predicted to grow to around USD 10 billion by 2030 with a compound annual growth rate (CAGR) of roughly 13% between 2022 and 2030.

The report analyses the Automotive Smart Lighting market’s drivers and restraints and their impact on demand throughout the projection period. In addition, the report examines global opportunities in the global Automotive Smart Lighting market.

Automotive Smart Lighting Market: Overview

Depending on the driving conditions, bright automotive lighting improves the light dispersion from the headlights. The automobile’s bright lighting directs the low-beam headlamps toward the direction the driver desires to go depending on steering input and speed. Artificial intelligence is used by intelligent vehicle lighting to regulate the lights when turning lights on and off.

Automotive Smart Lighting Market: COVID–19 Impact Analysis

The COVID-19 epidemic hampered the market for bright automotive lighting, mainly due to the suspension of manufacturing operations. In addition, the expansion of this market is anticipated to be hindered by the economic recession and the tariffs put on the importation of lights and other goods. Furthermore, the development of the market may also be impacted by nation-specific rules for exterior auxiliary lights. However, as new automobile and commercial vehicle sales surged in 2021, there was an increase in demand for high-end vehicles with intelligent lighting technologies, including automatic high-beam headlights, active headlamps, and gesture-controlled interior lighting. 

Automotive Smart Lighting Market: Growth Drivers

Rising demand for LED lighting in automotive exteriors

The majority of the illumination in automobiles is composed of the front and rear lights. Automotive manufacturers are increasingly focusing on integrating lightweight parts into their vehicles to improve their performance and fuel economy. Compared to conventional filament-based headlamps, the LED lighting utilized in modern automobiles is more portable. This enhances the performance of cars and their fuel efficiency.

Compared to ordinary vehicle lamps, LED lamps are often more relaxed, smaller, and use less energy. For both drivers and passengers, they provide safety and comfort. Drivers can have a good and improved vision of the road contours, higher road anticipation power, and, therefore, good reaction time for making a decision due to the usage of LED light sources in the headlights.

Global Automotive Smart Lighting Market 2023–2032 (By Application)

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The advent of connected cars

The automotive sector will undergo a total transformation due to the developed internet infrastructure, semiconductor technological advancements, and the availability of high-definition screens. Advanced Driver Assistance Systems (ADAS), in-vehicle infotainment systems, and driver telematics are currently available on the market and are quickly gaining wide acceptance. Regarding the future of this sector, advanced infotainment systems and applications, vehicles with Wi-Fi, and vehicle-to-vehicle communications would allow thorough communication between cars on the road and exchange safety data like traffic conditions, weather conditions, and real-time location services, are anticipated to converge. 

Automotive Smart Lighting Market: Segmentation Analysis

In our research scope, the Automotive Smart Lighting market is segmented into vehicle type, technology, and application. By application, the exterior lighting segment is anticipated to hold the largest share globally throughout the forecast period. Governments and automakers create and promote safe driving technologies, particularly for passenger cars. Therefore, we anticipate that the majority of those technologies will be required.

The Canadian government, for instance, declared the safe testing of every vehicle, deployed automated and linked cars and raised awareness of driver-assistance systems. Also, the Ministry of Road Transport and Highways in India announced that it was trying to make ADAS mandatory for vehicles to reduce the number of accidents in the country.

The ministry debated several driving assistance technologies, including adaptive headlamps, blind-spot information systems, driver drowsiness attention systems, lane-departure warning systems, and forward collision alerts. As a result, the need for innovative lighting technology is rising as more ADAS capabilities are added to new cars. The leading competitors are investing in new R&D facilities to stay ahead of this market.

Report Scope

Feature of the Report Details
Market Size in 2021 USD 4 Billion
Projected Market Size in 2030 USD 10 Billion
Market Size in 2022 USD 4.6 Billion
CAGR Growth Rate 13% CAGR (2022-2030)
Base Year 2023
Forecast Period 2024-2033
Prominent Players Automotive Lighting LLC, Koito Manufacturing Co. Ltd., Lumileds Holding B.V., OSRAM Continental GmbH, SL Corporation, Robert Bosch GmbH, HELLA GmbH & Co. KGaA, Varroc Group, Tungsram, Valeo SA, and Others
Key Segment By Vehicle Type, Technology, Application, and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Key Insights: 

  • As per the analysis shared by our research analyst, the Automotive Smart Lighting market is estimated to grow annually at a CAGR of around 13% over the forecast period (2022-2030).
  • In terms of revenue, the Automotive Smart Lighting market size was valued at around USD 4 billion in 2021 and is projected to reach USD 10 billion by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
  • Based on vehicle type segmentation, the passenger cars segment was estimated to hold the maximum market share in 2021.
  • By application segmentation, the interior segment is projected to witness a high CAGR from 2022 to 2030.
  • The LED segment was estimated to hold the maximum market share by technology in 2021.
  • Based on geography/region, the Asia Pacific region was the leading revenue generator in 2021.

Global Automotive Smart Lighting Market 2023–2032 (By Billion)

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Recent Development

  • 2021: Veoneer Inc., a prominent provider of automobile safety technologies, was acquired by Magna International Inc. Magna to enhance and expand the scope of its ADAS product and position within the market with this acquisition.
  • 2019: The establishment of a new factory in Guadalajara, Mexico, was announced by OSRAM Continental. The business will primarily concentrate on research and development (R&D) activities through this new facility to assist businesses and establish a firm footing in the Americas region.

Regional Landscape

The Asia Pacific region is estimated to retain the largest market share during the research period. The demand for premium cars has grown in China in recent years. The robust demand is responsible for the rising spending patterns and the flourishing economy. The Wenjie M5, a brand-new luxury smart SUV, was officially released in 2021 under the SERES AITO brand.

The car is now out for pre-order and comes in three configurations, with prices ranging from CNY 250,000 to CNY 320,000. The vehicle includes a panorama sunroof with a total area of nearly 2 square meters, a 10.4-inch curved LCD dashboard, a 15.6-inch 2K HDR intelligent centre console screen, bright, interactive lighting, and L2+ autonomous driving capabilities. 

Competitive Landscape

The market is heavily influenced by cutting-edge technology, increased sensor use, rising R&D project investment, and expanding electric and autonomous vehicle markets. As a result, major automotive innovative lighting producers are creating new technology for the future and buying lesser businesses to broaden their market reach to give car owners a richer experience. For example, in May 2022, At its plant in Silao, Guanajuato, which manufactures headlights, fog lamps, and auxiliary lighting, Grupo ZKW laid the first stone of what would be its third phase of a USD 102 million expansion. With the 15,700 square meter extension, ZKW can create 1.5 million headlights annually. In addition, they will build centre bar lamps and headlights for BMW, Ford, and GM EVs and SUVs.

Global Automotive Smart Lighting Market 2023–2032 (By Vehicle Type)

www.custommarketinsight.com

Prominent Players:

  • Automotive Lighting LLC
  • Koito Manufacturing Co. Ltd.
  • Lumileds Holding B.V.
  • OSRAM Continental GmbH
  • SL Corporation
  • Robert Bosch GmbH
  • HELLA GmbH & Co. KGaA
  • Varroc Group
  • Tungsram
  • Valeo SA

The global Automotive Smart Lighting market is segmented as follows:

By Vehicle Type

  • Passenger Cars
  • Commercial Vehicles

By Technology

  • LED
  • Halogen
  • Xenon
  • Other Technologies

By Application

  • Exterior
  • Interior

On the basis of Geography

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Automotive Smart Lighting Market, (2022 – 2030) (USD Billion)
    • 2.2 Global Automotive Smart Lighting Market : snapshot
  • Chapter 3. Global Automotive Smart Lighting Market – Industry Analysis
    • 3.1 Automotive Smart Lighting Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Rising demand for LED lighting in automotive exteriors
      • 3.2.2 The advent of connected cars
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Vehicle Type
      • 3.7.2 Market attractiveness analysis By Technology
      • 3.7.3 Market attractiveness analysis By Application
  • Chapter 4. Global Automotive Smart Lighting Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Automotive Smart Lighting Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Automotive Smart Lighting Market – Vehicle Type Analysis
    • 5.1 Global Automotive Smart Lighting Market overview: By Vehicle Type
      • 5.1.1 Global Automotive Smart Lighting Market share, By Vehicle Type, 2021 and 2030
    • 5.2 Passenger Cars
      • 5.2.1 Global Automotive Smart Lighting Market by Passenger Cars, 2022 – 2030 (USD Billion)
    • 5.3 Commercial Vehicles
      • 5.3.1 Global Automotive Smart Lighting Market by Commercial Vehicles, 2022 – 2030 (USD Billion)
  • Chapter 6. Global Automotive Smart Lighting Market – Technology Analysis
    • 6.1 Global Automotive Smart Lighting Market overview: By Technology
      • 6.1.1 Global Automotive Smart Lighting Market share, By Technology, 2021 and 2030
    • 6.2 LED
      • 6.2.1 Global Automotive Smart Lighting Market by LED, 2022 – 2030 (USD Billion)
    • 6.3 Halogen
      • 6.3.1 Global Automotive Smart Lighting Market by Halogen, 2022 – 2030 (USD Billion)
    • 6.4 Xenon
      • 6.4.1 Global Automotive Smart Lighting Market by Xenon, 2022 – 2030 (USD Billion)
    • 6.5 Other Technologies
      • 6.5.1 Global Automotive Smart Lighting Market by Other Technologies, 2022 – 2030 (USD Billion)
  • Chapter 7. Global Automotive Smart Lighting Market – Application Analysis
    • 7.1 Global Automotive Smart Lighting Market overview: By Application
      • 7.1.1 Global Automotive Smart Lighting Market share, By Application, 2021 and 2030
    • 7.2 Exterior
      • 7.2.1 Global Automotive Smart Lighting Market by Exterior, 2022 – 2030 (USD Billion)
    • 7.3 Interior
      • 7.3.1 Global Automotive Smart Lighting Market by Interior, 2022 – 2030 (USD Billion)
  • Chapter 8. Automotive Smart Lighting Market – Regional Analysis
    • 8.1 Global Automotive Smart Lighting Market Regional Overview
    • 8.2 Global Automotive Smart Lighting Market Share, by Region, 2021 & 2030 (USD Billion)
    • 8.3. North America
      • 8.3.1 North America Automotive Smart Lighting Market, 2022 – 2030 (USD Billion)
        • 8.3.1.1 North America Automotive Smart Lighting Market, by Country, 2022 – 2030 (USD Billion)
    • 8.4 North America Automotive Smart Lighting Market, by Vehicle Type, 2022 – 2030
      • 8.4.1 North America Automotive Smart Lighting Market, by Vehicle Type, 2022 – 2030 (USD Billion)
    • 8.5 North America Automotive Smart Lighting Market, by Technology, 2022 – 2030
      • 8.5.1 North America Automotive Smart Lighting Market, by Technology, 2022 – 2030 (USD Billion)
    • 8.6 North America Automotive Smart Lighting Market, by Application, 2022 – 2030
      • 8.6.1 North America Automotive Smart Lighting Market, by Application, 2022 – 2030 (USD Billion)
    • 8.7. Europe
      • 8.7.1 Europe Automotive Smart Lighting Market, 2022 – 2030 (USD Billion)
        • 8.7.1.1 Europe Automotive Smart Lighting Market, by Country, 2022 – 2030 (USD Billion)
    • 8.8 Europe Automotive Smart Lighting Market, by Vehicle Type, 2022 – 2030
      • 8.8.1 Europe Automotive Smart Lighting Market, by Vehicle Type, 2022 – 2030 (USD Billion)
    • 8.9 Europe Automotive Smart Lighting Market, by Technology, 2022 – 2030
      • 8.9.1 Europe Automotive Smart Lighting Market, by Technology, 2022 – 2030 (USD Billion)
    • 8.10 Europe Automotive Smart Lighting Market, by Application, 2022 – 2030
      • 8.10.1 Europe Automotive Smart Lighting Market, by Application, 2022 – 2030 (USD Billion)
    • 8.11. Asia Pacific
      • 8.11.1 Asia Pacific Automotive Smart Lighting Market, 2022 – 2030 (USD Billion)
        • 8.11.1.1 Asia Pacific Automotive Smart Lighting Market, by Country, 2022 – 2030 (USD Billion)
    • 8.12 Asia Pacific Automotive Smart Lighting Market, by Vehicle Type, 2022 – 2030
      • 8.12.1 Asia Pacific Automotive Smart Lighting Market, by Vehicle Type, 2022 – 2030 (USD Billion)
    • 8.13 Asia Pacific Automotive Smart Lighting Market, by Technology, 2022 – 2030
      • 8.13.1 Asia Pacific Automotive Smart Lighting Market, by Technology, 2022 – 2030 (USD Billion)
    • 8.14 Asia Pacific Automotive Smart Lighting Market, by Application, 2022 – 2030
      • 8.14.1 Asia Pacific Automotive Smart Lighting Market, by Application, 2022 – 2030 (USD Billion)
    • 8.15. Latin America
      • 8.15.1 Latin America Automotive Smart Lighting Market, 2022 – 2030 (USD Billion)
        • 8.15.1.1 Latin America Automotive Smart Lighting Market, by Country, 2022 – 2030 (USD Billion)
    • 8.16 Latin America Automotive Smart Lighting Market, by Vehicle Type, 2022 – 2030
      • 8.16.1 Latin America Automotive Smart Lighting Market, by Vehicle Type, 2022 – 2030 (USD Billion)
    • 8.17 Latin America Automotive Smart Lighting Market, by Technology, 2022 – 2030
      • 8.17.1 Latin America Automotive Smart Lighting Market, by Technology, 2022 – 2030 (USD Billion)
    • 8.18 Latin America Automotive Smart Lighting Market, by Application, 2022 – 2030
      • 8.18.1 Latin America Automotive Smart Lighting Market, by Application, 2022 – 2030 (USD Billion)
    • 8.19. The Middle-East and Africa
      • 8.19.1 The Middle-East and Africa Automotive Smart Lighting Market, 2022 – 2030 (USD Billion)
        • 8.19.1.1 The Middle-East and Africa Automotive Smart Lighting Market, by Country, 2022 – 2030 (USD Billion)
    • 8.20 The Middle-East and Africa Automotive Smart Lighting Market, by Vehicle Type, 2022 – 2030
      • 8.20.1 The Middle-East and Africa Automotive Smart Lighting Market, by Vehicle Type, 2022 – 2030 (USD Billion)
    • 8.21 The Middle-East and Africa Automotive Smart Lighting Market, by Technology, 2022 – 2030
      • 8.21.1 The Middle-East and Africa Automotive Smart Lighting Market, by Technology, 2022 – 2030 (USD Billion)
    • 8.22 The Middle-East and Africa Automotive Smart Lighting Market, by Application, 2022 – 2030
      • 8.22.1 The Middle-East and Africa Automotive Smart Lighting Market, by Application, 2022 – 2030 (USD Billion)
  • Chapter 9. Company Profiles
    • 9.1 Automotive Lighting LLC
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 Koito Manufacturing Co. Ltd.
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 Lumileds Holding B.V.
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 OSRAM Continental GmbH
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 SL Corporation
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 Robert Bosch GmbH
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 HELLA GmbH & Co. KGaA
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 Varroc Group
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 Tungsram
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 Valeo SA
      • 9.10.1 Overview
      • 9.10.2 Financials
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments

List Of Figures

Figures No 1 to 24

List Of Tables

Tables No 1 to 77

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Players:

  • Automotive Lighting LLC
  • Koito Manufacturing Co. Ltd.
  • Lumileds Holding B.V.
  • OSRAM Continental GmbH
  • SL Corporation
  • Robert Bosch GmbH
  • HELLA GmbH & Co. KGaA
  • Varroc Group
  • Tungsram
  • Valeo SA
  • Others

FAQs

“Europe” region will lead the global Automotive Smart Lighting market during the forecast period 2022 to 2030.

The key factors driving the market are rising demand for LED lighting in automotive exteriors and the advent of connected cars.

The key players operating in the Automotive Smart Lighting market are Automotive Lighting LLC, Koito Manufacturing Co. Ltd., Lumileds Holding B.V., OSRAM Continental GmbH, SL Corporation, Robert Bosch GmbH, HELLA GmbH & Co. KGaA, Varroc Group, Tungsram, Valeo SA.

The global Automotive Smart Lighting market is expanding growth with a CAGR of approximately 13% during the forecast period (2022 to 2030).

The global Automotive Smart Lighting market size was valued at USD 4 Billion in 2021 and it is projected to reach around USD 10 Billion by 2030.

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