Core Viewpoint - The global automotive LED market is expected to face significant price pressure in 2025 due to ongoing economic uncertainties, but a recovery in automotive production is anticipated in the second half of 2025, leading to projected market values of $3.451 billion for automotive LEDs and $35.729 billion for automotive lighting by 2025 [1]. Group 1: Automotive Lighting Trends - Automotive lighting is shifting towards personalization, communication displays, driver assistance, and safety upgrades [3]. - Adaptive headlights (ADB) enhance nighttime visibility and reaction time to obstacles, with a projected market penetration rate of 21.6% by 2029 despite current economic uncertainties [5][6]. - The introduction of Micro/Mini LED technology in adaptive headlights is expected to improve safety through flexible pixel control, with manufacturers like Volkswagen and Tesla adopting these technologies [5][6]. Group 2: Tail Light Innovations - The trend in automotive lighting includes personalized and communication displays, with Mini LED tail lights being integrated into various vehicle models [7]. - Ams OSRAM's ALIYOS technology allows for flexible Mini LED arrangements, enabling dynamic visual effects for design and information display [7]. Group 3: Decorative Lighting Market - The decorative lighting segment, including ambient lights and grille lamps, is projected to reach $311 million by 2029, with a compound annual growth rate of 28% from 2024 to 2029 [8]. - Intelligent ambient lighting, featuring built-in ICs for RGB LEDs, is expected to see a high growth rate of 69% [8]. Group 4: Mini LED Display Trends - Mini LED technology is being adopted by major automotive manufacturers, enhancing display quality with features like HDR and local dimming [10]. - Companies such as NIO, General Motors, and Ford are expected to implement Mini LED displays in their vehicles by 2024, with further expansions planned through 2029 [10]. Group 5: Market Size and Revenue Performance - The global automotive lighting market is projected to slightly decline to $34.658 billion in 2024 due to pricing pressures and inventory adjustments, despite a rise in electric vehicle sales [12]. - The top ten automotive lighting manufacturers for 2024 include Koito, Valeo, and Forvia Hella, among others [12]. Group 6: LED Manufacturer Revenue - The leading automotive LED manufacturers for 2024 are ams OSRAM, Nichia, and Lumileds, with ams OSRAM being favored for high-end and electric vehicles due to its product quality [14]. - The revenue of Everlight is expected to grow by over 40% in 2024, driven by demand in China, Europe, and South Korea [14].

Core Viewpoint - The automotive industry is undergoing a "smart cockpit display revolution," transforming car glass from a mere "transparent barrier" into an interactive "display interface," marking a significant shift towards immersive experiences in smart vehicles [1]. Group 1: Technology Overview - Photon Crystal Technology has developed a transparent display technology that turns automotive glass into a high-definition display screen, offering significant commercial value [1]. - The technology includes two configurations: real image display and virtual image display, both featuring high transparency, low fog, and large field of view [2]. - The real image display can achieve visibility in sunlight with over 85% transparency, making it suitable for front windshields, sunroofs, and side windows [2]. Group 2: Product Features - The real image display requires only a 100-lumen projector to be clearly visible in sunlight, while the virtual image display boasts a compact size of less than 1 liter and a field of view exceeding 15 degrees [2]. - The CTO of Photon Crystal Technology highlighted that the new display solutions address common pain points in smart cockpit displays, such as small field of view and low brightness, enhancing their applicability [5]. Group 3: Market Implications - The upcoming 2025 Shanghai Auto Show will showcase these innovations, potentially defining the future standards for in-car displays [7]. - The evolution of automotive glass into multifunctional displays signifies a broader transformation of vehicles from mere transportation tools to intelligent spaces, enhancing the relationship between humans and cars [5].