Global Automotive LED Lighting Market is estimated to be US$ 44.12 billion by 2030 with a CAGR of 5.

Abhi795418 May, 2022Business

Global Automotive LED Lighting Market accounted for US$ 26.43 billion in 2020 and is estimated to be US$ 44.12 billion by 2030 and is anticipated to register a CAGR of 5.30%. In automobiles, lighting plays a crucial function in providing illumination for the driver. Furthermore, lighting systems aid other drivers and pedestrians on the road in detecting the vehicle's position, movement direction, and size. It gives the inside and external portions of the vehicle a more beautiful appearance while also increasing the vehicle's visibility. It includes lighting and signalling equipment. These lighting systems are installed in a variety of areas across the vehicle, including the front, back, top, and interiors. Traditionally, halogen has been the most widely used lighting technology due to its low cost and ease of availability. Other significant lighting technologies include xenon and LED.