Automotive Lighting Market
Automotive Lighting Market Forecasts to 2030 - Global Analysis By Vehicle Type (Passenger Cars, Commercial Vehicles and Two-Wheelers), Autonomy Level, Functionality, Sales Channel, Technology, Application and By Geography
According to Stratistics MRC, the Global Automotive Lighting Market is accounted for $23.48 billion in 2024 and is expected to reach $30.62 billion by 2030 growing at a CAGR of 6.4% during the forecast period. Automotive lighting refers to the system of lights integrated into vehicles for illumination, signalling, and enhancing visibility. Automotive lighting plays a crucial role in vehicle aesthetics and safety, ensuring drivers can see and be seen in various driving conditions, thereby contributing to overall road safety and regulatory compliance.
According to the U.S. Department of Transportation's National Highway Traffic Safety Administration (NHTSA), DRL reduced fatal road accidents by 13.8%.
Market Dynamics:
Driver:
Growth of electric and autonomous vehicles
EVs require efficient lighting solutions to maximize battery life, leading to widespread adoption of energy-efficient LED and OLED technologies. AVs rely heavily on advanced lighting systems for enhanced perception and communication with pedestrians and other vehicles, necessitating high-performance lighting for safety and regulatory compliance. As these vehicle segments gain popularity globally, the demand for sophisticated, adaptive lighting solutions continues to grow, positioning automotive lighting manufacturers at the forefront of innovation.
Restraint:
Technological challenges
Technological challenges in automotive lighting include issues with heat management, integration complexities with vehicle electronics, and ensuring durability in varying environmental conditions. Moreover, concerns over reliability and maintenance can impact consumer confidence and adoption rates. These challenges can hinder market growth by increasing development costs and time-to-market for new lighting technologies.
Opportunity:
Rising demand for aesthetic designs
Consumers increasingly prioritize vehicle appearance and personalization, influencing automakers to integrate advanced lighting solutions for enhanced aesthetics. Technologies like LED strips, dynamic lighting patterns, and customizable ambient lighting cater to these preferences, offering distinctive visual appeal. As automakers compete to differentiate their models, advanced lighting not only enhances exterior styling but also improves interior ambiance. This trend drives innovation and adoption of sophisticated lighting systems, thereby expanding the automotive lighting market globally.
Threat:
High initial costs
High initial costs in automotive lighting primarily stem from the advanced technologies involved, such as LED and OLED. These technologies offer superior efficiency, durability, and design flexibility but require substantial investment in research, development, and manufacturing. The upfront costs deter price-sensitive consumers and automakers, especially in emerging markets or during economic downturns. This can limit widespread adoption and market penetration of advanced lighting solutions, hindering overall market growth.
Covid-19 Impact
The covid-19 pandemic initially caused a downturn in the automotive lighting market due to disruptions in production and supply chains. However, as recovery began, the market rebounded with increased demand for advanced lighting technologies driven by safety concerns and regulatory compliance. The pandemic also accelerated trends towards contactless technologies and vehicle electrification, influencing shifts in consumer preferences and automotive industry investments in innovative lighting solutions.
The LED (light emitting diode) lighting segment is expected to be the largest during the forecast period
The LED (light emitting diode) lighting segment is estimated to have a lucrative growth, due to its superior efficiency, longevity, and design flexibility. LEDs provide brighter illumination, enhancing visibility and safety. They enable innovative design options, including dynamic lighting patterns and adaptive headlights. With lower energy consumption and reduced heat output, LEDs contribute to fuel efficiency and vehicle sustainability, making them a preferred choice in modern automotive lighting systems.
The interior lights segment is expected to have the highest CAGR during the forecast period
The interior lights segment is anticipated to witness the highest CAGR growth during the forecast period. Interior lights in automotive lighting enhance vehicle aesthetics, functionality, and safety. They include dome lights, map lights, ambient lighting, and footwall lights, providing illumination for various in-cabin activities. Interior lights improve driver and passenger comfort, aid in visibility, and contribute to the overall driving experience, reflecting modern design trends and consumer preferences for personalized vehicle interiors.
Region with largest share:
In the Asia-Pacific region, the automotive lighting market is robust and expanding due to the region's significant automotive production and technological advancements. Countries like China, Japan, and South Korea lead in both vehicle manufacturing and adoption of advanced lighting technologies such as LED and OLED. Increasing vehicle sales, driven by rising disposable incomes and urbanization, further fuel market growth. The region remains a key hub for automotive lighting innovation and production, shaping global market trends.
Region with highest CAGR:
In North America, the automotive lighting market is characterized by technological advancements and stringent safety regulations. The region boasts a strong automotive industry with high consumer demand for vehicles equipped with advanced lighting systems. Moreover, the market benefits from a trend towards vehicle customization and aesthetic enhancements, where lighting plays a pivotal role. This dynamic environment positions North America as a key market for automotive lighting innovation and growth.
Key players in the market
Some of the key players profiled in the Automotive Lighting Market include Bosch Automotive, Osram Corporation, Valeo Corporation, Koito Manufacturing, Magneti Marelli, Varroc Lighting Systems, Stanley Electric, ZKW Group, Ichikoh Industries, Merck KGaA, Flex-N-Gate, TYC Genera, OLEDWorks, Lumax Industries, Gentex Corporation and Hella GmbH.
Key Developments:
In March 2024, OLEDWorks launched Atala Brand for automotive OLED lighting. Atala OLED technology is communicable, adaptive, ambient, and flexible. This move underscores their focus on leveraging OLED technology for automotive lighting solutions, known for its design flexibility and energy efficiency.
In January 2024, Marelli launched lightweight, sustainable headlights at CES 2024. Compared with traditional automotive lighting, the products feature up to 20% fewer components, a 20% reduction in weight, and a 6 kg reduction in CO2 emissions. This module-based platform approach targets entry-level vehicles, brands, and trim levels, and is designed to appeal to budget-oriented consumers and fleet buyers.
Vehicle Types Covered:
• Passenger Cars
• Commercial Vehicles
• Two-Wheelers
Autonomy Levels Covered:
• Conventional Vehicles
• Autonomous Vehicles
• Electric Vehicles (EVs)
Functionalities Covered:
• Adaptive Lighting Systems
• Static Lighting Systems
Sales Channels Covered:
• Original Equipment Manufacturers (OEMs)
• Aftermarket
Technologies Covered:
• LED (Light Emitting Diode) Lighting
• Halogen Lighting
• Xenon/HID (High Intensity Discharge) Lighting
• Other Technologies
Applications Covered:
• Headlights
• Tail Lights
• Interior Lights
• Fog Lights
• Daytime Running Lights (DRLs)
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Automotive Lighting Market, By Vehicle Type
5.1 Introduction
5.2 Passenger Cars
5.3 Commercial Vehicles
5.4 Two-Wheelers
6 Global Automotive Lighting Market, By Autonomy Level
6.1 Introduction
6.2 Conventional Vehicles
6.3 Autonomous Vehicles
6.4 Electric Vehicles (EVs)
7 Global Automotive Lighting Market, By Functionality
7.1 Introduction
7.2 Adaptive Lighting Systems
7.3 Static Lighting Systems
8 Global Automotive Lighting Market, By Sales Channel
8.1 Introduction
8.2 Original Equipment Manufacturers (OEMs)
8.3 Aftermarket
9 Global Automotive Lighting Market, By Technology
9.1 Introduction
9.2 LED (Light Emitting Diode) Lighting
9.3 Halogen Lighting
9.4 Xenon/HID (High Intensity Discharge) Lighting
9.5 Other Technologies
10 Global Automotive Lighting Market, By Application
10.1 Introduction
10.2 Headlights
10.3 Tail Lights
10.4 Interior Lights
10.5 Fog Lights
10.6 Daytime Running Lights (DRLs)
10.7 Other Applications
11 Global Automotive Lighting Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Bosch Automotive
13.2 Osram Corporation
13.3 Valeo Corporation
13.4 Koito Manufacturing
13.5 Magneti Marelli
13.6 Varroc Lighting Systems
13.7 Stanley Electric
13.8 ZKW Group
13.9 Ichikoh Industries
13.10 Merck KGaA
13.11 Flex-N-Gate
13.12 TYC Genera
13.13 OLEDWorks
13.14 Lumax Industries
13.15 Gentex Corporation
13.16 Hella GmbH
List of Tables
1 Global Automotive Lighting Market Outlook, By Region (2022-2030) ($MN)
2 Global Automotive Lighting Market Outlook, By Vehicle Type (2022-2030) ($MN)
3 Global Automotive Lighting Market Outlook, By Passenger Cars (2022-2030) ($MN)
4 Global Automotive Lighting Market Outlook, By Commercial Vehicles (2022-2030) ($MN)
5 Global Automotive Lighting Market Outlook, By Two-Wheelers (2022-2030) ($MN)
6 Global Automotive Lighting Market Outlook, By Autonomy Level (2022-2030) ($MN)
7 Global Automotive Lighting Market Outlook, By Conventional Vehicles (2022-2030) ($MN)
8 Global Automotive Lighting Market Outlook, By Autonomous Vehicles (2022-2030) ($MN)
9 Global Automotive Lighting Market Outlook, By Electric Vehicles (EVs) (2022-2030) ($MN)
10 Global Automotive Lighting Market Outlook, By Functionality (2022-2030) ($MN)
11 Global Automotive Lighting Market Outlook, By Adaptive Lighting Systems (2022-2030) ($MN)
12 Global Automotive Lighting Market Outlook, By Static Lighting Systems (2022-2030) ($MN)
13 Global Automotive Lighting Market Outlook, By Sales Channel (2022-2030) ($MN)
14 Global Automotive Lighting Market Outlook, By Original Equipment Manufacturers (OEMs) (2022-2030) ($MN)
15 Global Automotive Lighting Market Outlook, By Aftermarket (2022-2030) ($MN)
16 Global Automotive Lighting Market Outlook, By Technology (2022-2030) ($MN)
17 Global Automotive Lighting Market Outlook, By LED (Light Emitting Diode) Lighting (2022-2030) ($MN)
18 Global Automotive Lighting Market Outlook, By Halogen Lighting (2022-2030) ($MN)
19 Global Automotive Lighting Market Outlook, By Xenon/HID (High Intensity Discharge) Lighting (2022-2030) ($MN)
20 Global Automotive Lighting Market Outlook, By Other Technologies (2022-2030) ($MN)
21 Global Automotive Lighting Market Outlook, By Application (2022-2030) ($MN)
22 Global Automotive Lighting Market Outlook, By Headlights (2022-2030) ($MN)
23 Global Automotive Lighting Market Outlook, By Tail Lights (2022-2030) ($MN)
24 Global Automotive Lighting Market Outlook, By Interior Lights (2022-2030) ($MN)
25 Global Automotive Lighting Market Outlook, By Fog Lights (2022-2030) ($MN)
26 Global Automotive Lighting Market Outlook, By Daytime Running Lights (DRLs) (2022-2030) ($MN)
27 Global Automotive Lighting Market Outlook, By Other Applications (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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