Global Automotive Lighting Market, By Technology (Halogen, LED, Xenon), Application (Exterior Lighting, Interior Lighting, PC Lighting, LCV Lighting), Adaptive Lighting (Front Adaptive Lighting, Rear Adaptive Lighting, Ambient Lighting), Vehicle Type (PC, LCV, HCV, EV, Two-Wheelers), EV Technology (Halogen, LED, Xenon), EV Application (Exterior Lighting, Interior Lighting), Two-Wheeler Technology (Halogen, LED, Xenon), Product Scale (OEMs, Aftermarket), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Automotive Lighting Market
Global automotive lighting market is expected to reach USD 38.83 billion by 2028 and witnessing market growth at a rate of 5.52% in the forecast period of 2021 to 2028. Data Bridge Market Research report on automotive lighting Market provides analysis and insights regarding the leading current market analysis scenario, upcoming as well as future opportunities and competitors.
Automotive lighting is a lighting system in a vehicle includes headlights and signalling devices integrated in the front and rear sides of the vehicle. Automotive lighting in vehicles helps pedestrians and other drivers to detect the vehicle’s moving direction, position, and vehicle size. The lighting in vehicles also adds aesthetic looks in the interior and exterior of the vehicle. Automotive lighting is also important from the safety perspective of the user and other people on road.
An increase in safety concerns on road is the major factor for the rising of the automotive lighting market. The government has also made some regulations related to the lighting for safety concerns which will drive the market in the future. Increased production of passenger and commercial vehicles is also driving the growth of the market. The disposable income of the users has increased due to which the demand for automobiles has increased which will also be expected to drive the automotive lighting market in the forecast period.
The innovations in the lighting system for better vision in poor air quality and the environment are creating huge opportunities for the market to grow in the future. The development of technologies will lead to open new opportunities for this market, as people are ready to opt for new types of lighting in their vehicles.
The high cost of LED lights is expected to hamper the growth of the market. Old lighting technology such as halogen is becoming less popular among the new generation as they have some disadvantages like energy waste and producing heat.
The major challenge is for the light commercial vehicle user are not adopting the automotive lighting as they have to travel a longer distance and this lighting system costs more to them, so they avoid spending money on the lighting system.
This automotive lighting market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Data Bridge Market Research Global automotive lighting Market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Automotive Lighting Market Scope and Market Size
Automotive lighting market is segmented on the technology, application, adaptive lighting, vehicle type, EV technology, EV application, two-wheeler technology, product scale. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- The automotive lighting market on the basis of technology has been segmented into halogen, LED and xenon. LED lighting technology is expected to grow with highest growth rate over the forecast period as the users are adopting this technology more due to its advantages like high aesthetic values and low power consumption.
- Based on application, global automotive lighting market has been segmented into exterior lighting, interior lighting, PC lighting and LCV lighting.
- Based on adaptive lighting, global automotive lighting market has been segmented into front adaptive lighting, rear adaptive lighting and ambient lighting. Front adaptive lighting is dominating the market due to technological advancements and rising demand for front lighting in passenger cars.
- On the basis of vehicle type, global automotive lighting market has been segmented into PC, LCV, HCV, EV and two-wheelers. The automotive lighting market will grow more in passenger car segment including buses also, due to more sales of passenger vehicles and willingness of vehicle owners to spend on lighting for their vehicle.
- Based on EV technology, global automotive lighting market has been segmented into halogen, LED, xenon.
- Based on EV application, global automotive lighting market has been segmented into exterior lighting, interior lighting.
- On the basis of product scale, global automotive lighting market has been segmented into OEMs and aftermarket. OEMs are dominating the market and are estimated to continue its dominance as many automobile manufacturers buy lighting from the OEMs directly.
Automotive Lighting Market Country Level Analysis
Automotive lighting market is analysed and market size, volume information is provided by country, technology, application, adaptive lighting, vehicle type, EV technology, EV application, two-wheeler technology and product scale as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific is holding the largest market share and is expected to continue largest market share of automotive lighting market throughout the forecast period due to rise in production and sales of automobiles and increased adoption of lighting in vehicle.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive lighting Market Share Analysis
Automotive lighting market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automotive lighting market.
The major players covered in the automotive lighting market report are Cree, Inc., Tungsram, HELLA GmbH & Co. KGaA, Koninklijke Philips N.V., HYUNDAI MOBIS, Valeo, KOITO MANUFACTURING CO., LTD., Magneti Marelli S.p.A., OSRAM GmbH, STANLEY ELECTRIC CO., LTD., ZKW, Continental AG, Grupo Antolin, Tenneco Inc., Lear Corporation, Gentex Corporation, FLEX-N-GATE CORPORATION, DENSO CORPORATION, Varroc Group, Lumax Industries, LG Electronics, SAMSUNG among some global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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