• US: +1 9176726599
  • Login

Automotive Lighting Market Status (2016-2020) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2021-2027

Format: PDF | Pages: 288 | Report ID: MRS1083


Report Description

The global Automotive Lighting market size is estimated at USD 26.49 billion in 2020, expanding at a CAGR of 6.5% from 2021-2027 to reach 35.64 billion USD in 2027.

Market Dynamics

In automobiles, lighting plays a crucial function in providing illumination for the driver. Furthermore, lighting systems aid other pedestrians and drivers on the road in detecting the vehicle's position, movement direction, and size. It gives the inside and external portions of the car a more beautiful appearance while also increasing the vehicle's visibility. It includes lighting and signaling equipment. This lighting equipment is installed in many areas throughout the vehicle, including the front, back, top, and interiors. Traditionally, halogen has been the most widely used lighting technology due to its low cost and ease of availability. Other significant lighting technologies include xenon and LED. The demand for lighting equipment is being driven by an increase in concerns about road safety and government lighting requirements. Furthermore, factors such as rising disposable incomes and bettering lifestyle and transportation needs are leading to a growth in vehicle manufacturing, which in turn stimulates demand for automotive lighting.

The expansion of the automotive lighting market is fueled by factors such as an increased focus on road safety, the adoption of severe government regulations, and an increase in car manufacturing. The high cost of LEDs, on the other hand, is projected to limit the expansion of the automotive lighting industry. Furthermore, the rising demand for automobiles in developing countries is expected to present a significant potential opportunity for market competitors.

For automotive lighting makers, matrix LED, OLED, and laser illumination are some of the innovative and promising technologies. The high-beam unit of matrix LED headlights is made up of 25 separate segments. The miniature LEDs operate with lenses, and reflectors connected in series are individually triggered, disabled, or muted depending on the situation. As a result, the system is able to react accurately to other vehicles. It uses a camera to distinguish other vehicles and brilliantly brightens the road. Audi's Matrix LED headlights, for example, collect their information from the navigation system, camera, and other sensors.

Regional Insights

Due to quick consumer acceptance and high car sales, Asia Pacific is expected to be the largest market in the worldwide automotive lighting industry. Because of their huge domestic car production and sales, China and Japan have the greatest market shares. Furthermore, manufacturers in these nations place a high priority on technology improvements, which includes lighting, resulting in increased demand for vehicle lighting. The market would be pushed even higher by rising consumer per capita income and strong SUV sales in emerging markets like India.

LED lights are commonly fitted in high-end automobiles because of their multiple advantages, including reduced power consumption, increased adaptability, and great aesthetic value. Furthermore, as compared to xenon lights, LED headlights have a lower influence on the driver on the opposite side, and as a result, this technology is generally recognized in the market. The segment's expansion is likely to be fueled by a rising number of newly built automobiles equipped with LED lighting systems.

Segment Insights

In comparison to other vehicles such as LCVs, buses, and trucks, the passenger vehicle category has a higher penetration of sophisticated lighting. The automotive lighting market in this sector is likely to be driven by increased passenger vehicle sales and consumers' willingness to pay more for cars. Over the projection period, the segment's growth will most likely be fueled by year-over-year output growth.

The report begins with an overview of the Industry Chain structure, and describes the industry environment, then analyses market size and forecast of Automotive Lightings by type, region, and application. In addition, this report introduces the market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.

Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products, etc.):

  • DENSO Corporation
  • General Electric
  • Hella KGaA Hueck & Co.
  • Hyundai Mobis
  • Koito Manufacturing Co. Ltd.
  • Koninklijke Philips N.V.
  • Osram Licht AG
  • Peterson Manufacturing
  • Philips Lighting NV
  • ROBERT BOSCH GmbH
  • Stanley Electric Co. Ltd.
  • Valeo
  • Zizala Lichtsysteme GmbH
  • ZKW Lichtsysteme GmbH

Technology Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

  • Halogen
  • Xenon
  • LED
  • Other Technologies

Application Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

  • Interior Lighting
  • Exterior Lighting

Vehicle Type Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

  • Passenger Cars
  • Commercial Vehicles

Region Coverage (Regional Consumption, Demand & Forecast by Countries, etc.):

  • North America (U.S., and Canada)
  • Europe (Germany, U.K., France, Italy, Spain, etc.)
  • Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
  • South America (Brazil, Mexico, Argentina, etc.)
  • Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa, etc.)

Frequently Asked Questions

The global Automotive Lighting market size is estimated at USD 26.49 billion in 2020, expanding at a CAGR 6.5% from 2021-2027 to reach 35.64 billion USD in 2027.
North America captured the highest revenue in 2021 and is projected to continue its dominance during the study period.
The global Automotive Lighting market size is expanding at a CAGR 6.5% from 2021-2027 to reach 35.64 billion USD in 2027.
Asia Pacific (especially China, and India) region is projected to grow at the fastest growth rate during the study period.
Companies namely DENSO Corporation General Electric Hella KGaA Hueck & Co. Hyundai Mobis Koito Manufacturing Co. Ltd. Koninklijke Philips N.V. Osram Licht AG Peterson Manufacturing are actively operating in this market.

Why Choose Market Research Strategy?

  Authenticated Data Sources

We utilize market analysis/information from verified authenticated data sources to scoop accurate research reports

  Express Delivery

We understand the urgency of our clients and their clients' in the competitive space thus, deliver the report in minimum turnaround

  Gain Instant Access

Without further ado, choose us and get instant access to reliable analysis to help you make the right business decisions.

  Our Pledge to You

We abide by the information security policy and adheres to keep your private and business information confidential and secure.

Copyright © 2022 Market Research Strategy, All rights reserved.