Automotive Lighting Market: Strategic Insights and Forecast by 2031

The automotive lighting ecosystem consists of the following major stakeholders, namely: raw material suppliers, automotive lighting manufacturers/OEMs, and end-users. The raw material suppliers include vendors who provide key raw materials components for automotive lighting such as aluminum, LEDs, and Laser diodes, among others. Automotive lighting manufacturers/OESs such as Osram-Continental, Lumileds, Hella, Valeo, and Automotive-Lighting, among others, integrate and develop automotive lighting for various types of vehicle types.
Currently, LED matrix lighting solutions dominate the total automotive lighting implementations. The matrix laser technology is anticipated to further enhance roadway illumination through its high resolution characteristics. The matrix laser technology is based on the LaserSpot for high-beam lamps. With the matrix laser technology, it has become possible to converge the projector technology in the headlamps of the passenger cars.
Source:- The Insight Partner
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