The latest report by MarkNtel Advisors, titled “Next-Generation Automotive Lighting Market Report By Product Type (Adaptive Lighting, Auto ON/OFF, Bending/Cornering Lights, High Beam Assist, Headlight Leveling, Ambient Lighting-Market , Communicable Lighting, Flexible Lighting,By Vehicle Type, Passenger Vehicles, Commercial Vehicles), By Propulsion Type (Internal Combustion Engine Vehicles, Electric Vehicles, By End User, OEM, Aftermarket), By Technology Type (Halogen, Xenon, LED, OLED-, Mini LED-, Micro LED-, Matrix LED-, Laser), By Application (Front Lighting, Headlights, Foglights, Daytime Running Lights (DRL)) other and Region 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the Next-Generation Automotive Lighting Market research report.

What is the market outlook for Next-Generation Automotive Lighting?

The Next-Generation Automotive Lighting Market size is estimated to grow at a CAGR of around 5.40% during the forecast period 2023–28.

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Major Companies Operating in the Next-Generation Automotive Lighting Industry:

SGL Carbon SE, Novelis Inc., Constellium SE, Nemak, S.A.B. de C.V., GF Linamar LLC, Minth Group, ThyssenKrupp AG, Hitachi Metals, Ltd., POSCO, Norsk Hydro ASA, Gestamp Automocion, S.A., UACJ Corporation, Hanwha Advanced Materials, Continental Structural Plastics Inc., TRB Lightweight Structures

Next-Generation Automotive Lighting Market Report Segmentation:

By Product Type

-Adaptive Lighting

--Auto ON/OFF-

--Bending/Cornering Lights-

--High Beam Assist-

--Headlight Leveling-

-Ambient Lighting

-Communicable Lighting

-Flexible Lighting

• The surge in the inclination towards customized lighting solutions in cars has significantly increased the demand for Ambient Lighting during the historical period.

By Vehicle Type

-Passenger Vehicles

-Commercial Vehicles

By Propulsion Type

-Internal Combustion Engine Vehicles

-Electric Vehicles

By End User

-OEM

-Aftermarket

By Technology Type

-Halogen

-Xenon

-LED

--OLED

--Mini LED

--Micro LED

--Matrix LED

-Laser-

By Application

-Front Lighting

--Headlights-

--Foglights-

--Daytime Running Lights (DRL)

-Rear Lighting

--Tailights

--Centre High-Mount Stop Light

--License Plate Lamp

-Sidelighting

--Sidelight

--Side Rearview Mirror Indicator

-Interior Lighting

--Dashboard

--GloveBox

--Reading Light

--Dome Lights

--Rearview Mirror Interior Lights

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Regional Insights:

• North America: USA, Canada, Mexico
• Europe: Germany, UK, France, other
• Asia-Pacific: China, India, Japan, South Korea, Australia
• South America: Brazil, other
• Middle East & Africa: UAE, Saudi Arabia, South Africa

Key Driver: Rising Demand for the Autonomous Vehicles

Over the past few years, there has been a surge in the stipulation for connected vehicles owing to their advantages, such as enhanced safety, personalized driving experience, etc., over traditional motor vehicles. This has led the automobile manufacturers like Ford, Tesla, and several others, to integrate cars with digitally advanced technologies, including the Internet of Things (IoT), Artificial Intelligence (AI), and others, resulting in a substantial boost in demand for next-generation automotive lighting.

Moreover, these lighting systems are energy efficient, therefore resulting in lower fuel consumption & providing a longer distance range. Thus, reducing the carbon footprint of the vehicles & lowering the emissions by the motor vehicles. Additionally, automobile manufacturers are also seeking to utilize the solution to deliver the consumers with excellent safety features. Hence, they are actively integrating next-generation lighting to minimize potential road accidents, further enhancing the Global Next-Generation Automotive Lighting market size.

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