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Automotive light market is still on quick pace thanks to new technology developments and digital transformation

The market trend of automotive lights
The automotive LED lights industry has seen a great development and growth in demand for safety features such as adaptive driving beam, ambient lighting, laser lighting, and communicable lighting.

Rapid technological developments in the automotive lighting industry have undergone from simple incandescent and gas discharge based light sources (HIDs) to light emitting diodes (LEDs), laser technology and organic light emitting diodes (OLEDs).In a new report on Advanced Front-Lighting Systems, Yole Développement (Yole) forecasts that the automotive lighting market will grow up to at least $38.8 billion in 2024, at a 4.9 percent CAGR. This growth is driven by natural LED cost , along with standardisation and optimisation of LED modules

The digitalisation of cars is a major trend in the automotive industry, moving towards electric and autonomous vehicles. The relevant developments facilitate new approaches in safety, comfort, and information services. Exterior lighting is gaining significance because automated driving advancements have shown the importance of communication between all road users. 

New mobility and digital transformation are the key trends that will affect the automotive lighting industry.

Automotive LED lights are rapidly popular as their cost decreases and efficiency, lighting performance, and package size improves. Full LED headlamps are now being commercialised in growing markets, and nearly all car makers and Tier-1 parts suppliers have developed full LED-based headlamp systems.

Advanced LED matrix headlights, with more than 50 LEDs per vehicle, have been installed onto premium cars. These attractive headlamps provide different lighting patterns and are frequently selected by new-car buyers. 
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