Lighting plays a crucial role in automotive vehicles, as it provides illumination to the drivers. Automotive lightings help pedestrians and other drivers to locate the vehicle on the road. The lighting contributes to the aesthetic appeal of the vehicle. Automotive lighting includes lighting and signaling devices of the vehicle. Lights are fixed on different parts of a vehicle, including the front, back, top, and the interiors. Halogen lights are usually used in a vehicle, due to low costs and easy availability. Increasing concerns about road safety and strict road regulations by governments are fueling the demand for automotive lighting. Rising population and disposable income of the people are boosting the demand for vehicles, which in turn, is driving the global automotive lighting market.
The report on the global automotive lighting market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
Attributes |
Details |
Report Title |
Automotive Lighting Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018 & 2019 |
Forecast Period |
2021–2028 |
Segmentation |
Technologies (Halogen, LED, and Xenon), Adaptive Lightings (Front Adaptive Lighting [On/Off Function, Bending/Cornering, High Beam Assist, and Headlight Leveling], Rear Adaptive Lighting, and Ambient Lighting), Vehicle Types (Passenger Cars, Light Commercial Vehicles (LCVs), Buses, and Trucks), Applications (Exterior Lighting [Headlights, Fog Lights, Day Time Running Lights (DRLs), Taillights, Sidelights, and Centre High-mount Stop Lights (CHMSLs)] and Interior Lighting [Dashboard, Glovebox, Reading Lights, and Dome Lights]) |
Regional Scope |
Asia Pacific, North America, Europe, Latin America, and Middle East & Africa |
Report Coverage |
Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast |
Key Players Covered |
Hella GmbH & Co., Osram GmbH., Valeo, Marelli Holdings Co., Ltd., Koninklijke Philips N.V., Robert Bosch GmbH, Hyundai Mobis, Koito Manufacturing Co., Ltd., Stanley Electric Co., Ltd., ZKW, and Tungsram Operations Kft |
Based on technologies, the global automotive lights market is segmented as halogen, LED, and xenon. The LED segment is expected to grow at a rapid pace. Presently, all premium vehicles are installed with LED lights, as they have multiple benefits. The LED lights consume less power, have adaptive features and offer visual appeal. Furthermore, these lights are easy on the eyes of the driver driving in the opposite direction. Hence, LED lights are widely used in the automotive sector. Increasing number of vehicles with LED lights installed on them is fueling the growth of the market.
In terms of vehicle types, the global automotive lights market is fragmented as passenger cars, light commercial vehicle (LCVs), buses, and trucks. Passenger cars are expected to hold a significant market share during the forecast period. The passenger vehicles industry is witnessing innovative lighting techniques. Rising demand for passenger vehicles is expected to boost this segment. Growing sales of passenger vehicles and rising purchasing power of people are driving the growth of automotive lighting market in this segment.
On the basis of applications, the global automotive lights market is classified as exterior lighting and interior lighting. The exterior lighting segment is expected to grow during the forecast period. Concerns about vehicular safety are rising with the growing number of vehicles on road. Exterior lighting is an important part of vehicular safety. Many countries have come up with strict regulations regarding exterior lighting, including its brightness and temperature. Need of exterior lighting for vehicle safety is driving the demand for the segment.
In terms of regions, the global automotive lighting market is split into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Rapidly growing population and economies in Asia Pacific are driving the growth of the automotive industry, which in turn, is fueling the growth of the global automotive lighting market. China and Japan account for a major share in the market, due to high production and sales of vehicles in the countries. Furthermore, the automotive manufacturers in this region focus on producing technologically advanced vehicles, including the upgradation of lights, which in turn, is boosting the demand for automotive lighting in the Asia Pacific region. Growing sales of SUVs in emerging economies such as India is expected to drive the market in the forecast period. Demand for different types of automotive lighting is growing with rising demand for high-end and premium lighting.
Key players in the automotive lighting market include Hella GmbH & Co., Osram GmbH., Valeo, Marelli Holdings Co., Ltd., Koninklijke Philips N.V., Robert Bosch GmbH, Hyundai Mobis, Koito Manufacturing Co., Ltd., Stanley Electric Co., Ltd., ZKW, and Tungsram Operations Kft. Mergers & acquisitions, collaborations, agreements, and partnerships are some strategies adopted by these players to strengthen their geographical presence in the world.
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