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Automotive intelligent lighting systems market will keep growing fast from 2021 to 2025

Automotive smart lighting market share around the world from 2021 to 2025
Automotive intelligent lighting systems will see a huge market from the year 2021 to 2025, it is estimated to rise by USD 2.32 billion.But, the growth momentum is expected to slow down at a CAGR of almost 5% in next five years.

At present, the important factors driving growth in the automotive intelligent lighting market is increasing demand for luxury vehicles, increasing sales & production of these vehicles, greater emphasis on road safety, and increasing demand for comfort and luxury vehicle customization options.

Some other relevant factors are rising demand for adaptive headlights for two-wheelers, as well as opportunities to enter into emerging economies or developing countries that can further expand the geographic scope of the market.

There is fragmented market in terms of adaptive exterior lighting and ambient interior lighting for passenger cars and commercial vehicles, and the degree of fragmentation will decelerate step by step. 

The major players in the line of automotive intelligent lighting systems is De Amertek Corp., HELLA GmbH & Co. KGaA, J.W. Speaker Corp., KOITO MANUFACTURING CO., Ltd., Marelli Holdings Co. Ltd., OSRAM GmbH, Stanley Electric Co. Ltd., Valeo SA, Varroc Engineering Ltd., and ZKW Group GmbH .

More and more automotive intelligent lighting systems are installed onto vehicles for product differentiation. In order to grasp these opportunities, suppliers must try their best to strengthen their market share in the fast-growing segments while maintaining their position in the slow-growing market .

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