Core Viewpoint - The automotive lighting market is evolving beyond traditional lighting functions, becoming a competitive arena for intelligent interaction and safety upgrades as the industry embraces smart technology and electric vehicles [3]. Group 1: Market Dynamics - In 2021, the domestic automotive lighting market exhibited a competitive landscape characterized by a "one strong, multiple strong" structure, with a market concentration ratio (CR5) of 61% [3]. - Huayu Vision led the market with a 22% share, followed by brands such as Xingyu Co., Ltd. and Koito [3]. Group 2: Industry Changes - The acceleration of new energy vehicle penetration and the onset of the smart technology wave have significantly altered the competitive dynamics within the automotive lighting sector [4].
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