LED Lighting Industry: Key Growth Segments‌

‌Automotive Lighting‌: ‌81.3% penetration‌ in front-LED headlights (2024), ‌¥45.7B market (+9.9% YoY)‌. Local players dominate the aftermarket.

‌Plant Lighting‌: ‌$1.32B market (2024, +6.8% YoY)‌, driven by vertical farming and crop cycles.

‌Circular Economy‌: ‌Recyclable LED fixtures‌ gain policy support, with some firms adopting ‌lifecycle management‌.

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