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Asia-Pacific Next-Generation Automotive Lighting Market - Analysis and Forecast, 2022-2031

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    Report

  • 109 Pages
  • December 2023
  • Region: Asia Pacific
  • BIS Research
  • ID: 5914393
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The Asia-Pacific (APAC) next-generation automotive lighting market (excluding China) is projected to reach $6.76 billion by 2031 from $1.81 billion in 2022, growing at a CAGR of 15.77% during the forecast period 2022-2031. The APAC region is anticipated to experience significant growth in the next-generation automotive lighting market due to advancements in automotive lighting systems technology and the rising demand for luxury vehicles in the region.

Market Introduction

APAC next-generation automotive lighting market is expanding due to a number of factors, such as rising passenger car sales and production, an increase in the number of autonomous vehicles on the road, and the introduction of cutting-edge technologies.

Furthermore, it is projected that the adoption of next-generation automotive lighting systems will be fueled by growing concerns about safety as well as increased awareness of autonomous vehicles and advanced lighting systems worldwide. Nevertheless, increased cost concerns and rising raw material costs since the LED revolution are currently impeding the market's growth.

Market Segmentation:

Segmentation 1: by Vehicle Type

  • Passenger Vehicles
  • Commercial Vehicles

Segmentation 2: by End Market

  • OEM
  • Aftermarket

Segmentation 3: by Product Type

  • Adaptive Lighting
  • Ambient Lighting
  • Communicable Lighting
  • Flexible Lighting

Segmentation 4: by Technology Type

  • Halogen
  • Xenon
  • LED
  • Laser

Segmentation 5: by Country

  • Japan
  • India
  • South Korea
  • Rest-of-Asia-Pacific and Japan

How can this report add value to an organization?

Product/Innovation Strategy: The product segment helps the reader understand the different applications of the next-generation automotive lighting products available based on vehicle type, end market, product type, and technology type. Increasing demand for safety and aesthetics is pushing the consumption of next-generation automotive lighting. Therefore, the next-generation automotive lighting business is a high-investment and high-revenue generating model.

Growth/Marketing Strategy: The next-generation automotive lighting market is an exponentially growing market holding enormous opportunities for the market players. Some strategies covered in this segment are product launches, partnerships and collaborations, business expansions, and investments. The companies' preferred strategy has been product launches, partnerships, and collaborations to strengthen their positions in the Asia-Pacific next-generation automotive lighting market.

Competitive Strategy: Key players in the Asia-Pacific next-generation automotive lighting market analyzed and profiled in the study involve next-generation automotive lighting-based product manufacturers that provide raw or processed products. Moreover, a detailed competitive benchmarking of the players operating in the Asia-Pacific next-generation automotive lighting market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.

Key Market Players and Competition Synopsis

The companies that are profiled have been selected based on inputs gathered from primary experts and analysing company coverage, product portfolio, and market penetration.

Some of the prominent names established in this market are:

  • KOITO Manufacturing Co. Ltd.
  • Hyundai Mobis Co., Ltd.
  • Varroc Group
  • LG Innotek Co., Ltd.
  • Stanley Electric Co., Ltd.


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Table of Contents

1 Markets
1.1 Industry Outlook
1.1.1 Trends: Industry Dynamics Defining the Future Trends in the Next-Generation Automotive Lighting Market
1.1.1.1 Flexible Organic Light-Emitting Diode (OLED)
1.1.1.2 Micro AFS LED Headlights
1.1.1.3 Human-Centric Lighting
1.1.1.4 Integration of LiDAR in Headlamps of Vehicles
1.1.1.5 Laser Light for Headlights
1.1.2 Supply Chain Network/MAP
1.1.3 Who Supplies Whom
1.1.4 Consortiums, Associations, and Regulatory Bodies
1.1.4.1 North America
1.1.4.2 Europe
1.1.4.3 Asia-Pacific
1.2 Business Dynamics
1.2.1 Business Drivers
1.2.1.1 Increase in Demand for Luxury Cars
1.2.1.2 Growing Popularity of Autonomous Vehicles
1.2.1.3 Stringent Safety Regulations for Lighting Systems
1.2.2 Business Restraints
1.2.2.1 Higher Cost Concerns with Next-Generation Automotive Lighting
1.2.2.2 Increase in Costs of Raw Materials Since LED Revolution
1.2.3 Business Strategies
1.2.3.1 Product Development
1.2.3.2 Market Development
1.2.4 Corporate Strategies
1.2.4.1 Mergers and Acquisitions
1.2.4.2 Partnerships, Joint Ventures, Collaborations, and Alliances
1.2.5 Business Opportunities
1.2.5.1 Development of Advanced Adaptive Driving Beam (AADB)
1.2.5.2 Advent of New Services for Automotive Lighting
1.3 Impact of COVID-19 on the industry
2 Regions
2.1 China
2.1.1 Market
2.1.1.1 Buyer Attributes
2.1.1.2 Key Manufacturers in China
2.1.1.3 Competitive Benchmarking
2.1.1.4 Business Challenges
2.1.1.5 Business Drivers
2.1.2 Application
2.1.2.1 China Next-Generation Automotive Lighting Market (by Vehicle Type), Value and Volume Data, 2021-2031
2.1.2.2 China Next-Generation Automotive Lighting Market (by End Market), Value and Volume Data, 2021-2031
2.1.3 Product
2.1.3.1 China Next-Generation Automotive Lighting Market (by Product Type), Value and Volume Data, 2021-2031
2.1.3.2 China Next-Generation Automotive Lighting Market (by Technology Type), Value and Volume Data, 2021-2031
2.2 Asia-Pacific and Japan
2.2.1 Market
2.2.1.1 Key Manufacturers in Asia-Pacific and Japan
2.2.1.2 Competitive Benchmarking
2.2.1.3 Business Challenges
2.2.1.4 Business Drivers
2.2.2 Application
2.2.2.1 Asia-Pacific and Japan Next-Generation Automotive Lighting Market (by Vehicle Type), Value and Volume Data, 2021-2031
2.2.2.2 Asia-Pacific and Japan Next-Generation Automotive Lighting Market (by End Market), Value and Volume Data, 2021-2031
2.2.3 Product
2.2.3.1 Asia-Pacific and Japan Next-Generation Automotive Lighting Market (by Product Type), Value and Volume Data, 2021-2031
2.2.3.2 Asia-Pacific and Japan Next-Generation Automotive Lighting Market (by Technology Type), Value and Volume Data, 2021-2031
2.2.4 Asia-Pacific and Japan: Country-Level Analysis
2.2.4.1 Japan
2.2.4.1.1 Market
2.2.4.1.1.1 Buyer Attributes
2.2.4.1.1.2 Key Manufacturers in Japan
2.2.4.1.1.3 Business Challenges
2.2.4.1.1.4 Business Drivers
2.2.4.1.2 Application
2.2.4.1.2.1 Japan Next-Generation Automotive Lighting Market (by Vehicle Type), Value and Volume Data, 2021-2031
2.2.4.1.2.2 Japan Next-Generation Automotive Lighting Market (by End Market), Value and Volume Data, 2021-2031
2.2.4.1.3 Product
2.2.4.1.3.1 Japan Next-Generation Automotive Lighting Market (by Product Type), Value and Volume Data, 2021-2031
2.2.4.1.3.2 Japan Next-Generation Automotive Lighting Market (by Technology Type), Value and Volume Data, 2021-2031
2.2.4.2 India
2.2.4.2.1 Market
2.2.4.2.1.1 Buyer Attributes
2.2.4.2.1.2 Key Manufacturers in India
2.2.4.2.1.3 Business Challenges
2.2.4.2.1.4 Business Drivers
2.2.4.2.2 Application
2.2.4.2.2.1 India Next-Generation Automotive Lighting Market (by Vehicle Type), Value and Volume Data, 2021-2031
2.2.4.2.2.2 India Next-Generation Automotive Lighting Market (by End Market), Value and Volume Data, 2021-2031
2.2.4.2.3 Product
2.2.4.2.3.1 India Next-Generation Automotive Lighting Market (by Product Type), Value and Volume Data, 2021-2031
2.2.4.2.3.2 India Next-Generation Automotive Lighting Market (by Technology Type), Value and Volume Data, 2021-2031
2.2.4.3 South Korea
2.2.4.3.1 Market
2.2.4.3.1.1 Buyer Attributes
2.2.4.3.1.2 Key Manufacturers in South Korea
2.2.4.3.1.3 Business Challenges
2.2.4.3.1.4 Business Drivers
2.2.4.3.2 Application
2.2.4.3.2.1 South Korea Next-Generation Automotive Lighting Market (by Vehicle Type), Value and Volume Data, 2021-2031
2.2.4.3.2.2 South Korea Next-Generation Automotive Lighting Market (by End Market), Value and Volume Data, 2021-2031
2.2.4.3.3 Product
2.2.4.3.3.1 South Korea Next-Generation Automotive Lighting Market (by Product Type), Value and Volume Data, 2021-2031
2.2.4.3.3.2 South Korea Next-Generation Automotive Lighting Market (by Technology Type), Value and Volume Data, 2021-2031
2.2.4.4 Rest-of-Asia-Pacific and Japan
2.2.4.4.1 Market
2.2.4.4.1.1 Buyer Attributes
2.2.4.4.1.2 Key Manufacturers in Rest-of-Asia-Pacific and Japan
2.2.4.4.1.3 Business Challenges
2.2.4.4.1.4 Business Drivers
2.2.4.4.2 Application
2.2.4.4.2.1 Rest-of-Asia-Pacific and Japan Next-Generation Automotive Lighting Market (by Vehicle Type), Value and Volume Data, 2021-2031
2.2.4.4.2.2 Rest-of-Asia-Pacific and Japan Next-Generation Automotive Lighting Market (by End Market), Value and Volume Data, 2021-2031
2.2.4.4.3 Product
2.2.4.4.3.1 Rest-of-Asia-Pacific and Japan Next-Generation Automotive Lighting Market (by Product Type), Value and Volume Data, 2021-2031
2.2.4.4.3.2 Rest-of-Asia-Pacific and Japan Next-Generation Automotive Lighting Market (by Technology Type), Value and Volume Data, 2021-2031
3 Markets - Competitive Benchmarking & Company Profiles
3.1 Competitive Benchmarking
3.2 Market Share Analysis
3.3 Product Matrix
3.4 Company Profiles
3.4.1 KOITO Manufacturing Co. Ltd.
3.4.1.1 Company Overview
3.4.1.1.1 Role of KOITO Manufacturing Co. Ltd. in the Next-Generation Automotive Lighting Market
3.4.1.1.2 Product Portfolio
3.4.1.2 Business Strategies
3.4.1.2.1 Product Development
3.4.1.3 Corporate Strategies
3.4.1.3.1 Mergers and Acquisitions
3.4.1.3.2 Partnerships, Joint Ventures, Collaborations, and Alliances
3.4.1.4 Patent Analysis
3.4.1.5 Production Sites and R&D Analysis
3.4.1.6 Analyst View
3.4.2 Hyundai Mobis Co., Ltd.
3.4.2.1 Company Overview
3.4.2.1.1 Role of Hyundai Mobis Co., Ltd. in the Next-Generation Automotive Lighting Market
3.4.2.1.2 Product Portfolio
3.4.2.2 Business Strategies
3.4.2.2.1 Product Development
3.4.2.2.2 Market Development
3.4.2.3 Patent Analysis
3.4.2.4 Production Sites and R&D Analysis
3.4.2.5 Analyst View
3.4.3 Varroc Group
3.4.3.1 Company Overview
3.4.3.1.1 Role of Varroc Group in the Next-Generation Automotive Lighting Market
3.4.3.1.2 Product Portfolio
3.4.3.2 Business Strategies
3.4.3.2.1 Market Development
3.4.3.3 Corporate Strategies
3.4.3.3.1 Partnerships, Joint Ventures, Collaborations, and Alliances
3.4.3.4 Patent Analysis
3.4.3.5 Production Sites and R&D Analysis
3.4.3.6 Analyst View
3.4.4 LG Innotek Co., Ltd.
3.4.4.1 Company Overview
3.4.4.1.1 Role of LG Innotek Co., Ltd. in the Next-Generation Automotive Lighting Market
3.4.4.1.2 Product Portfolio
3.4.4.2 Business Strategies
3.4.4.2.1 Product Development
3.4.4.3 Patent Analysis
3.4.4.4 Production Sites and R&D Analysis
3.4.4.5 Analyst View
3.4.5 Stanley Electric Co., Ltd.
3.4.5.1 Company Overview
3.4.5.1.1 Role of Stanley Electric Co., Ltd. in the Next-Generation Automotive Lighting Market
3.4.5.1.2 Product Portfolio
3.4.5.2 Business Strategies
3.4.5.2.1 Market Development
3.4.5.3 Patent Analysis
3.4.5.4 Production Sites and R&D Analysis
3.4.5.5 Analyst View
4 Research Methodology
4.1 Data Sources
4.1.1 Primary Data Sources
4.1.2 Secondary Data Sources
4.2 Data Triangulation
4.3 Market Estimation and Forecast
4.3.1 Factors for Data Prediction and Modeling
List of Figures
Figure 1: Next-Generation Automotive Lighting Market Overview, Million Units and $Billion, 2021-2031
Figure 2: Next-Generation Automotive Lighting Market (by Product Type), $Billion, 2021-2031
Figure 3: Next-Generation Automotive Lighting Market (by Technology Type), $Billion, 2021-2031
Figure 4: Next-Generation Automotive Lighting Market (by Application), $Billion, 2021-2031
Figure 5: Next-Generation Automotive Lighting Market (by End Market), $Billion, 2021-2031
Figure 6: Next-Generation Automotive Lighting Market (by Region), $Billion, 2021
Figure 7: Supply Chain for Next-Generation Automotive Lighting Market
Figure 8: Stakeholders in Next-Generation Automotive Lighting Market
Figure 9: Business Dynamics for the Next-Generation Automotive Lighting Market
Figure 10: Key Business Strategies (by Company), 2019-2022
Figure 11: Product Development (by Company), 2019-2022
Figure 12: Market Development (by Company), 2019-2022
Figure 13: Key Corporate Strategies (by Company), 2019-2022
Figure 14: Mergers and Acquisitions (by Company), 2019-2022
Figure 15: Partnerships, Joint Ventures, Collaborations, and Alliances (by Company), 2019-2022
Figure 16: China Next-Generation Automotive Lighting Market: Competitive Benchmarking
Figure 17: China Next-Generation Automotive Lighting Market, $Billion and Million Units, 2021-2031
Figure 18: Asia-Pacific and Japan Next-Generation Automotive Lighting Market: Competitive Benchmarking
Figure 19: Asia-Pacific and Japan Next-Generation Automotive Lighting Market, $Million and Million Units, 2021-2031
Figure 20: Next-Generation Automotive Lighting Market: Competitive Benchmarking
Figure 21: KOITO Manufacturing Co. Ltd.: R&D Expenditure, $Million, 2019-2021
Figure 22: Hyundai Mobis Co., Ltd.: R&D Expenditure, $Million, 2019-2021
Figure 23: Varroc Group: R&D Expenditure, $Million, 2019-2021
Figure 24: LG Innotek Co., Ltd.: R&D Expenditure, $Million, 2019-2021
Figure 25: Stanley Electric Co., Ltd.: R&D Expenditure, $Million, 2019-2021
Figure 26: Research Methodology
Figure 27: Data Triangulation
Figure 28: Top-Down and Bottom-Up Approach
Figure 29: Assumptions and Limitations
List of Tables
Table 1: Next Generation Automotive Lighting Market: Who Supplies Whom
Table 2: North America: Consortiums, Associations, and Regulatory Bodies
Table 3: Europe: Consortiums, Associations, and Regulatory Bodies
Table 4: Asia-Pacific: Consortiums, Associations, and Regulatory Bodies
Table 5: Impact of Business Drivers
Table 6: Impact of Business Restraints
Table 7: Increase in Relative Costs of Raw Materials, 2020-2021
Table 8: Impact of Business Opportunities
Table 9: Next-Generation Automotive Lighting Market (by Region), Million Units, 2021-2031
Table 10: Next-Generation Automotive Lighting Market (by Region), $Billion, 2021-2031
Table 11: China Next-Generation Automotive Lighting Market (by Vehicle Type), Thousand Units, 2021-2031
Table 12: China Next-Generation Automotive Lighting Market (by Vehicle Type), $Million, 2021-2031
Table 13: China Next-Generation Automotive Lighting Market (by End Market), Thousand Units, 2021-2031
Table 14: China Next-Generation Automotive Lighting Market (by End Market), $Million, 2021-2031
Table 15: China Next-Generation Automotive Lighting Market (by Product Type), Thousand Units, 2021-2031
Table 16: China Next-Generation Automotive Lighting Market (by Product Type), $Million, 2021-2031
Table 17: China Next-Generation Automotive Lighting Market (by Technology Type), Thousand Units, 2021-2031
Table 18: China Next-Generation Automotive Lighting Market (by Technology Type), $Million, 2021-2031
Table 19: Asia-Pacific and Japan Next-Generation Automotive Lighting Market (by Vehicle Type), Thousand Units, 2021-2031
Table 20: Asia-Pacific and Japan Next-Generation Automotive Lighting Market (by Vehicle Type), $Billion, 2021-2031
Table 21: Asia-Pacific and Japan Next-Generation Automotive Lighting Market (by End Market), Thousand Units, 2021-2031
Table 22: Asia-Pacific and Japan Next-Generation Automotive Lighting Market (by End Market), $Billion, 2021-2031
Table 23: Asia-Pacific and Japan Next-Generation Automotive Lighting Market (by Product Type), Thousand Units, 2021-2031
Table 24: Asia-Pacific and Japan Next-Generation Automotive Lighting Market (by Product Type), $Billion, 2021-2031
Table 25: Asia-Pacific and Japan Next-Generation Automotive Lighting Market (by Technology Type), Thousand Units, 2021-2031
Table 26: Asia-Pacific and Japan Next-Generation Automotive Lighting Market (by Technology Type), $Billion, 2021-2031
Table 27: Japan Next-Generation Automotive Lighting Market (by Vehicle Type), Thousand Units, 2021-2031
Table 28: Japan Next-Generation Automotive Lighting Market (by Vehicle Type), $Million, 2021-2031
Table 29: Japan Next-Generation Automotive Lighting Market (by End Market), Thousand Units, 2021-2031
Table 30: Japan Next-Generation Automotive Lighting Market (by End Market), $Million, 2021-2031
Table 31: Japan Next-Generation Automotive Lighting Market (by Product Type), Thousand Units, 2021-2031
Table 32: Japan Next-Generation Automotive Lighting Market (by Product Type), $Million, 2021-2031
Table 33: Japan Next-Generation Automotive Lighting Market (by Technology Type), Thousand Units, 2021-2031
Table 34: Japan Next-Generation Automotive Lighting Market (by Technology Type), $Million, 2021-2031
Table 35: India Next-Generation Automotive Lighting Market (by Vehicle Type), Thousand Units, 2021-2031
Table 36: India Next-Generation Automotive Lighting Market (by Vehicle Type), $Million, 2021-2031
Table 37: India Next-Generation Automotive Lighting Market (by End Market), Thousand Units, 2021-2031
Table 38: India Next-Generation Automotive Lighting Market (by End Market), $Million, 2021-2031
Table 39: India Next-Generation Automotive Lighting Market (by Product Type), Thousand Units, 2021-2031
Table 40: India Next-Generation Automotive Lighting Market (by Product Type), $Million, 2021-2031
Table 41: India Next-Generation Automotive Lighting Market (by Technology Type), Thousand Units, 2021-2031
Table 42: India Next-Generation Automotive Lighting Market (by Technology Type), $Million, 2021-2031
Table 43: South Korea Next-Generation Automotive Lighting Market (by Vehicle Type), Thousand Units, 2021-2031
Table 44: South Korea Next-Generation Automotive Lighting Market (by Vehicle Type), $Million, 2021-2031
Table 45: South Korea Next-Generation Automotive Lighting Market (by End Market), Thousand Units, 2021-2031
Table 46: South Korea Next-Generation Automotive Lighting Market (by End Market), $Million, 2021-2031
Table 47: South Korea Next-Generation Automotive Lighting Market (by Product Type), Thousand Units, 2021-2031
Table 48: South Korea Next-Generation Automotive Lighting Market (by Product Type), $Million, 2021-2031
Table 49: South Korea Next-Generation Automotive Lighting Market (by Technology Type), Thousand Units, 2021-2031
Table 50: South Korea Next-Generation Automotive Lighting Market (by Technology Type), $Million, 2021-2031
Table 51: Rest-of-Asia-Pacific and Japan Next-Generation Automotive Lighting Market (by Vehicle Type), Thousand Units, 2021-2031
Table 52: Rest-of-Asia-Pacific and Japan Next-Generation Automotive Lighting Market (by Vehicle Type), $Million, 2021-2031
Table 53: Rest-of-Asia-Pacific and Japan Next-Generation Automotive Lighting Market (by End Market), Thousand Units, 2021-2031
Table 54: Rest-of-Asia-Pacific and Japan Next-Generation Automotive Lighting Market (by End Market), $Million, 2021-2031
Table 55: Rest-of-Asia-Pacific and Japan Next-Generation Automotive Lighting Market (by Product Type), Thousand Units, 2021-2031
Table 56: Rest-of-Asia-Pacific and Japan Next-Generation Automotive Lighting Market (by Product Type), $Million, 2021-2031
Table 57: Rest-of-Asia-Pacific and Japan Next-Generation Automotive Lighting Market (by Technology Type), Thousand Units, 2021-2031
Table 58: Rest-of-Asia-Pacific and Japan Next-Generation Automotive Lighting Market (by Technology Type), $Million, 2021-2031
Table 59: Next Generation Automotive Lighting Market: Market Share Analysis, 2021
Table 60: Product Matrix for Next-Generation Automotive Lighting Market
Table 61: KOITO Manufacturing Co. Ltd.: Product and Service Portfolio
Table 62: KOITO Manufacturing Co. Ltd.: Product Development
Table 63: KOITO Manufacturing Co. Ltd.: Mergers and Acquisitions
Table 64: KOITO Manufacturing Co. Ltd.: Partnerships, Joint Ventures, Collaborations, and Alliances
Table 65: KOITO Manufacturing Co. Ltd.: Patent Analysis
Table 66: Hyundai Mobis Co., Ltd.: Product and Service Portfolio
Table 67: Hyundai Mobis Co., Ltd.: Product Development
Table 68: Hyundai Mobis Co., Ltd.: Market Development
Table 69: Hyundai Mobis Co., Ltd.: Patent Analysis
Table 70: Varroc Group: Product and Service Portfolio
Table 71: Varroc Group: Market Development
Table 72: Varroc Group: Partnerships, Joint Ventures, Collaborations, and Alliances
Table 73: Varroc Group: Patent Analysis
Table 74: LG Innotek Co., Ltd.: Product and Service Portfolio
Table 75: LG Innotek Co., Ltd.: Product Development
Table 76: LG Innotek Co., Ltd.: Patent Analysis
Table 77: Stanley Electric Co., Ltd.: Product and Service Portfolio
Table 78: Stanley Electric Co., Ltd.: Market Development
Table 79: Stanley Electric Co., Ltd.: Patent Analysis

Executive Summary

The Asia-Pacific next-generation automotive lighting market (excluding China) is estimated to reach $6.76 billion by 2031, reveals the premium market intelligence study. The study also highlights that the market is set to witness a CAGR of 15.77% during the forecast period 2022-2031.

The Asia-Pacific and Japan region's fastest-growing economies include India, Japan, and South Korea, which indicates that there are many opportunities for the advancement of the next-generation automotive lighting market. Drivers are now better equipped to drive safely at night and in bad weather due to ongoing technological advancements in the automotive lighting industry. Increasing disposable income has enabled consumers to purchase premium and luxury vehicles, which would boost the demand for energy-efficient LED lighting solutions in the automotive sector.

USPs of report

Market ranking analysis based on product portfolios and recent developments

  • Analysis of business drivers and challenges of the Asia-Pacific Next-Generation Automotive Lighting Market
  • Detailed analysis of Next-Generation Automotive Lighting Market for Japan, South Korea, and India
  • Segmentation by vehicle type, product type, technology type, and end market provided in the report
  • Volume and Value of the market has been covered.

Analyst’s Perspective on Next-Generation Automotive Lighting Market

The Principal Analyst states, 'The market is evolving rapidly and is anticipated to continue to spur at the same pace in the following years. Businesses are developing innovative solutions and launching new products in the market. Collaborations and product launches are key strategies assisting the market's growth. The massive shift in consumer preferences has provided a viable opportunity for automotive lighting manufacturers to gain strong ground in this domain. Moreover, increasing awareness regarding automotive lighting systems and autonomous cars and growing safety concerns are expected to increase the adoption of automotive lighting systems globally.'

Some of the prominent names established in this market are:

  • KOITO Manufacturing Co. Ltd.
  • Hyundai Mobis Co., Ltd.
  • Varroc Group
  • LG Innotek Co., Ltd.
  • Stanley Electric Co., Ltd.

Key Questions Answered in the Report

  • What are the major market drivers, challenges, and opportunities in the Asia-Pacific next-generation automotive lighting market?
  • Which product segment and application areas are estimated to witness the maximum demand growth in the next-generation automotive lighting market during 2021-2031?
  • Who are the key players currently dominating the next-generation automotive lighting market space? What are the business and corporate strategies adopted by manufacturers involved in the next generation automotive lighting market?

Companies Mentioned

  • KOITO Manufacturing Co. Ltd.
  • Hyundai Mobis Co., Ltd.
  • Varroc Group
  • LG Innotek Co., Ltd.
  • Stanley Electric Co., Ltd.

Table Information

Report AttributeDetails
No. of Pages109
PublishedDecember 2023
Forecast Period2022 - 2031
Estimated Market Value ( USD ) in 2022 $ 1.81 Billion
Forecasted Market Value ( USD ) by 2031 $ 6.76 Billion
Compound Annual Growth Rate15.7%
Regions CoveredAsia Pacific
No. of Companies Mentioned5

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About the Next Generation Automotive Lighting Market

The Next Generation Automotive Lighting market is a rapidly growing segment of the Automotive Body, Trim and Glass industry. It includes a wide range of lighting technologies, such as LED, OLED, and laser lighting, that are used to improve the visibility, safety, and aesthetics of vehicles. These technologies are increasingly being adopted by automakers to enhance the driving experience and reduce energy consumption. The Next Generation Automotive Lighting market is driven by the increasing demand for advanced lighting solutions, as well as the need for improved safety and efficiency. Automakers are investing heavily in the development of new lighting technologies, such as adaptive lighting systems, which can automatically adjust the brightness and direction of the lights based on the driving conditions. The Next Generation Automotive Lighting market is highly competitive, with a number of major players, such as Osram, Hella, and Stanley Electric, offering a wide range of products. Other companies in the market include Valeo, Koito Manufacturing, and Magneti Marelli. Show Less Read more

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