Global automotive lighting market will grow 4% to US$ 32.68 billion in 2022

According to the 2022 Global Automotive LED Product Trend and Regional Market Analysis released by TrendForce, though global automobile sales took a hit from the Russia-Ukraine war and COVID in China, the increasing penetration of LED headlight and the development of smart headlight, logo lamp and smart ambient light among other advanced technologies still bolstered the automotive lighting market in 2022.

At the same time, as the costs of plastics surges, prices of automotive lighting products are holding or even rising. TrendForce expects the global automotive lighting market will grow 4% to US$ 32.68 billion in 2022 as automotive lighting pursues personalization, communication, driver assistance and safety upgrade.

Traditional automakers and EV manufacturers are pushing LED headlight penetration as they hold or boost market share with product differentiation. TrendForce estimates the global penetration of LED headlights in passenger vehicles will hit 72% in 2022, and as high as 92% for EVs.