Automotive Lighting Market To Reach USD 37130 Million by 2027

 

Automotive Lighting Market was valued at USD 24160 million in 2020 and it is expected to reach USD 37130 million by the end of 2027, growing at a CAGR of 4.8% during 2021-2027, according to new research.

Growing demand for premium and luxury cars and SUVs and technological developments in adaptive lighting technology are some of the major factors driving the growth of the automotive lighting industry.

Modern lighting trends that strive to inspire and satisfy consumers while enhancing comfort and safety are available to automotive makers today. Vehicle lighting systems can convey a sensation, add flair, hint at a quality, and create an ambiance.

However, whether the interior or exterior lighting is powered by LEDs, conventional light bulbs, or more sophisticated electronics, optimizing the light source for consistency and performance is crucial for manufacturers and drivers as well as other drivers, pedestrians, and other road users. Inaccurate results can result in failing standards tests, losing contracts, and giving customers a bad experience. This factor is expected to drive the growth of the Automotive Lighting market.