Automotive Lighting Market to 2027 by Technology (Halogen, LED, Xenon, and Laser); Application (Headlamp, Rear Lighting, Interior Lighting, CHMSL, Fog Lamps, and Small Lamps); Vehicle Type (Passenger Cars, LCV, and MCV & HCV)

Description:

the global automotive lighting market is expected to reach US$ 40.41 Bn in 2028, registering a CAGR of 3.3% during the forecast period 2022-2028.In 2018, Asia Pacific was estimated to hold the largest market share and is expected to be fastest region with a CAGR of 3.9%. Globally, automotive lighting market is experiencing an intense growth with regards to continuous investments in the automotive lighting by government authorities. With significant advancements in the laser light technology, new opportunities are being created for the automotive lighting market players. Audi, a luxury car manufacturer, is one of the pioneering OEMs that integrates laser headlights into passenger cars. It has integrated these intelligent lights in compact and high-resolution adaptive headlights in its Audi R8 LMX. Asia Pacific held the largest share of the automotive lighting market in 2018 and is expected to continue its dominance during the forecast period of 2019–2027. Europe and North America held the second and third position in the global automotive lighting market in 2018 with market shares of more than 20% and 15%, respectively.

 

Market Overview:

The automotive lighting market has witnessed eminent growth in the last couple of years globally. A handful of companies have ventured into the manufacturing of lighting systems, and therefore, it is a consolidated market with very few players. The automotive product lighting is aimed at eliminating the hassles associated with the blinding of oncoming traffic by high beam light of an individual vehicle. In the US, due to technical regulations and different preferences of both automakers and automotive manufacturers, the American automotive lighting market is quite different from the rest of the developed world. In addition to the high production of vehicles in the US, the country also witnesses the implementation of rules for automotive lighting. In the US, the vehicles have to be equipped with left & right amber sidelights.

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Market Insights

Stringent government regulations for automotive lighting

Vehicle lighting systems are gaining high traction worldwide. The car manufacturers need to ensure that their products, and ultimately the car parts, comply with various regulations to meet the international standards, which ensures the safety of drivers and passengers. ECE R98/99 for the headlamps with gas-discharge lamps, ECE R112 for the headlamps with asymmetric low beam, 76/761/EEC and ECE R1 and R2 for headlamps with high and low beam bulbs are among the standards set for automotive lightings. Such stringent regulatory environment regarding lightings is increasing consumer confidence in vehicles manufacturers, which is boosting their vehicle sales, thus fueling the automotive market growth

Application Insights

Based on application, the automotive lighting market is segmented into headlamp, rear lighting, interior lighting, CHMSL, fog lamps, and small lamps. An efficient lighting system enhances driver safety and offers an aesthetic car look. The automotive lighting providers’ offers range of lights which are ideal for side, front, and signaling applications. In automotive, varied types of the headlight are fixed such as projector headlights, factory headlights, sealed beam headlights, switchback headlights, euro headlights, and more. When it comes to select ideal headlight, LED headlights are preferred more due to their 80% more efficiency, brightness & lifespan is five times more than halogen and easy installation in trucks & SUVs.

Technology Insights

The selection of lights for vehicle headlights are done on the basis of performance, price, safety and lifespan of lights. With the adoption of automotive lights, the vehicle drivers might witness a whiter and brighter headlight on the road with reducing fame of traditional halogen headlights. The LEDs is anticipated to be the fastest growing technology in the automotive lighting market in 2018. The LEDs deliver optimum visibility and are proficient in illuminating precise areas of the road with high beam devoid of dazzling other road users or oncoming traffic.

 

 

Global Automotive Lighting Market, by Application – 2018 & 2027

 

    Vehicle Type Insights

The automotive lighting market, by vehicle type, is segmented into passenger car, LCV, and MCV & HCV. The passenger car segment captured dominating share in the global automotive lighting market. As per OICA, nearly 70 Mn units of passenger cars were produced in 2018. Passenger car segment undergo substantial technological advancements year on year, owing to changing consumer interests, emergence of new technologies, and government rules and regulation related to reduction in emission. More the procurement of passenger cars, more is the demand for automotive lighting.

 

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Strategic Insights

Market initiative and new development strategies are commonly adopted by companies to expand their footprint worldwide and meet the growing demand. These strategies are mostly observed in Europe and APAC. The players present in the automotive lighting market adopt the strategy of expansion and investment in research and development to enlarge customer base across the world, which also permits the players to maintain their brand name globally.

Report Spotlights

  • Progressive industry trends in the global automotive lighting market to help players develop effective long-term strategies
  • Business growth strategies adopted by developed and developing markets
  • Quantitative analysis of the Automotive Lighting market from 2017 to 2027
  • Estimation of Automotive Lighting’ demand across various industries
  • PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict market growth
  • Recent developments to understand the competitive market scenario and Automotive Lighting’ demand
  • Market trends and outlook coupled with factors driving and restraining the growth of the Automotive Lighting market
  • Decision-making process by understanding strategies that underpin commercial interest with regard to Automotive Lighting market growth
  • Automotive Lighting market size at various nodes of market
  • Detailed overview and segmentation of the global Automotive Lighting market, as well as its dynamics in the industry
  • Automotive Lighting market size in various regions with promising growth opportunities

Automotive Lighting Market – By Vehicle Type

  • Passenger Car
  • LCV
  • MCV & HCV

Automotive Lighting Market – By Application

  • Headlamp
  • Rear Lighting
  • Interior Lighting
  • CHMSL
  • Small Lamps
  • Fog Lamps

Some of the leading companies are:

  • Automotive Lighting LLC
  • Hella GmbH & Co. KGaA
  • Koito Manufacturing Co., Ltd.
  • Lumileds Holding BV
  • Osram Continental GmbH
  • SL Corporation
  • Stanley Electric Co. Ltd.
  • Tungsram
  • Valeo SA
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