Articles Jun 01, 2017 A Bright Future Lights are being redefined in automobiles, depending upon the specific applications that they are used for. The automotive lighting market is projected to grow at a CAGR of 7.22 per cent from 2016 to 2021and reach $29.53 billion by 2021, driven by increasing vehicle production, technological advancements and partly by stringent regulations. The automotive lighting market has been segmented by region, technology, vehicle type, position, two-wheeler and adaptive lighting. LED is the fastest growing technology in the automotive lighting market. It is energy efficient, lightweight and takes up less space.