The Automotive Lighting Market is set to grow by USD 12.38 billion, driven by a CAGR of 8.09% from 2023 to 2028, according to Technavio’s latest analysis. This growth is mainly attributed to the rising demand for advanced lighting systems across different vehicle types, including light commercial vehicles (LCVs). The widespread adoption of LED lighting, which offers energy efficiency, longer lifespan, and improved road visibility, is significantly influencing the market. Additionally, the development of autonomous vehicles is expected to further boost demand for advanced lighting systems that enhance vehicle safety and support autonomous navigation. However, the high cost of LED lighting technology remains a challenge. Meanwhile, in the two-wheeler market, the focus is on creating affordable, energy-efficient lighting solutions to cater to the evolving needs of consumers.

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