PRNewsWire
25 May 2026, 14:15 UTC · 2w ago
Automotive Lighting Market Accelerates EV Innovation with Smart LED Adoption | CAGR 7.3% | Persistence Market Research
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PRNewsWire
25 May 2026, 14:15 UTC · 2w ago
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Story key points
4 claims · impact-rated
The global automotive lighting market is projected to grow from US$ 38.4 billion in 2025 to US$ 62.9 billion by 2032, representing a CAGR of 7.3%. — Steady long-term growth projections provide a positive outlook for the sector and associated hardware suppliers.
+0.40EV adoption is driving a transition from halogen lights to LED, OLED, and laser lighting due to lower power consumption and battery efficiency needs. — Accelerates the replacement cycle of lighting components and favors high-tech LED/OLED manufacturers over legacy halogen producers.
+0.30Valeo and Appotronics have formed a strategic partnership to develop intelligent, high-performance front lighting solutions. — Indicates specific corporate synergy and product development that could enhance the competitive positioning of the involved firms.
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Exterior lighting continues to dominate the market, accounting for approximately 70% of the total market share. — Confirms the primary revenue driver for the industry, though it is a baseline market structure rather than a new catalyst.
+0.10Ticker attribution
Model heads
The company is engaging in a strategic partnership to develop advanced front lighting solutions for future mobility.
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