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Global $50 Billion Automotive Lighting Market Outlook, 2029 - Integration of Smart Lighting Technologies, Increasing Prevalence of Matrix LED and Laser Technologies [Yahoo! Finance]
Last ge aerospace earnings: 4/30 04:02 pm
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Global Automotive Lighting Market is anticipated to cross USD 50 Billion by 2029, increasing from USD 37.74 Billion in 2023. The market is expected to grow with 5.88% CAGR by 2024-29 LED lighting has revolutionized the sector due to its energy efficiency, longer lifespan, and design flexibility. Automakers are increasingly incorporating LED lights in headlights, taillights, and interior lighting, providing not only improved visibility but also enhancing the aesthetic appeal of vehicles. The demand for safer driving experiences has led to the development of adaptive lighting systems. These systems dynamically adjust the direction and range of a vehicle's headlights based on factors such as speed, steering input, and environmental conditions. Adaptive headlights improve visibility and reduce glare for both the driver and oncoming vehicles, contributing to overall road safety. The automotive industry is embracing smart technologies, and lighting is no exception. Smart lighting sys
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