Chan Ye Xin Xi Wang·2025-12-06 02:40Core Insights - The automotive lighting system is undergoing a significant transformation from traditional functional lighting to intelligent scene definition, becoming a core component affecting driving safety and interaction experience [1][10] - China has developed into a significant player in the global automotive lighting sector due to its robust industrial chain, continuous technological innovation, and strong policy support [1][10] - The market size of China's automotive lighting system is projected to grow from 55.86 billion yuan in 2020 to 80.9 billion yuan in 2024, with a compound annual growth rate (CAGR) of 9.7% [1][11] Industry Overview - The automotive lighting system is designed to ensure driving safety and consists of external lighting, internal lighting, and light signal systems [3] - External lighting includes headlights, fog lights, and turn signals, while internal lighting provides convenience for passengers [3] Industry Development History - The evolution of automotive lighting systems has gone through four stages: from fuel-based lighting to incandescent bulbs, then to gas discharge lamps (HID), and finally to semiconductor light-emitting diodes (LED) [4][3] Industry Background - The automotive industry is a crucial pillar of the national economy, with China's automotive production expected to grow from 24.5 million units in 2015 to 31.28 million units in 2024, reflecting a CAGR of 27.5% [4][5] - The continuous expansion of automotive production and sales provides a solid foundation for the growth of the automotive lighting system market in China [4] Industry Value Chain - The automotive lighting system industry chain includes upstream raw materials and core components, midstream manufacturing and integration, and downstream markets for new vehicle matching and aftermarket modifications [5][6] Current Industry Status - The global automotive lighting system market is steadily growing, with its value expected to increase from $30.2 billion in 2020 to $35.9 billion in 2024, reflecting a CAGR of 4.44% [8][9] Industry Trends - Lighting technology is evolving towards higher precision and integration, with Micro LED and laser light sources expected to be applied in high-end models [15] - The integration of lighting systems with sensors will enhance the functionality of automotive lighting, transforming it into a composite system that includes communication and environmental perception capabilities [15][16]