Automotive Lighting Global Market Report 2024

The automotive lighting market size has grown strongly in recent years. It will grow from $26.44 billion in 2023 to $28.3 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth observed in the historical period can be attributed to factors such as increased vehicle adoption, the implementation of safety regulations, a focus on vehicle styling and aesthetics, and global expansion efforts in the automotive industry.

The automotive lighting market size is expected to see strong growth in the next few years. It will grow to $36.07 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The anticipated growth in the forecast period can be attributed to advancements in LED technology, the rise of autonomous vehicles, increased adoption of electric vehicles (EVs), growing environmental concerns, and the integration of connectivity and smart lighting solutions. Key trends expected in the forecast period include the adoption of adaptive lighting systems, the implementation of matrix LED headlights, the use of dynamic turn signals, the emphasis on light signature design, and the incorporation of OLED lighting technology.

The automotive lighting market is expected to experience growth during the forecast period, driven by a heightened focus on road safety. There is an increased demand for safety features, including adaptive lighting systems, due to the rising number of road accidents on a global scale. For instance, a report by The Institute for Health Metrics and Evaluation in June 2022 emphasized that implementing road safety measures could potentially save approximately half a million lives annually. Encouraging practices such as helmet usage, adherence to traffic regulations like speed limits, and avoiding drunk driving could result in saving thousands of lives each year. This increased emphasis on safety measures is spurring a greater demand for adaptive and improved lighting systems in vehicles, thereby propelling the growth of the automotive lighting market.

The primary technologies employed in automotive lighting are Halogen, Xenon/HID (High-Intensity Discharge lamp), and LED (Light-Emitting Diode). Halogen lamps consist of bulbs containing both a halogen and an inert gas, which illuminate when ignited. These technologies find applications in both passenger vehicles and commercial vehicles for functions such as front/headlamps, rear lighting, side lighting, and interior illumination.

The automotive lighting market research report is one of a series of new reports that provides automotive lighting market statistics, including automotive lighting industry global market size, regional shares, competitors with an automotive lighting market share, detailed automotive lighting market segments, market trends and opportunities, and any further data you may need to thrive in the automotive lighting industry. This automotive lighting market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The automotive lighting market is expected to witness substantial growth in response to the increasing trend of autonomous vehicles. Autonomous vehicles, or self-driving cars, are designed to operate without the need for human intervention. These vehicles rely on a sophisticated array of sensors, cameras, and LiDAR (Light Detection and Ranging) systems for perception and navigation. Effective operation of these systems, especially in various lighting conditions, necessitates high-quality and integrated lighting components. This growing demand for specialized lighting components is contributing to the expansion of the automotive lighting market. For example, according to a report by the Insurance Institute for Highway Safety in December 2022, it is projected that there will be approximately 3.5 million autonomous vehicles on American roads by 2025, and this number is expected to grow to 4.5 million by 2030. As the prevalence of autonomous vehicles increases, so does the demand for advanced automotive lighting solutions

The rapid proliferation of LED modules in automobile lighting during the forecast period is creating new demands for system hardware within the automotive lighting market. Shrinking component sizes to accommodate additional electronics within the same space, with the goal of enhancing energy efficiency and performance while maintaining or lowering thermal budgets, presents a significant challenge for manufacturers. The primary challenge arises when implementing interconnected, adaptable architectures that support various configurations and enable precise control to preserve the characteristics of LED lighting. Consequently, the sudden surge in demand for LED modules in automotive lighting is anticipated to present a constraint for the market.

Companies operating in the automotive lighting market are making substantial investments in the development of fog-free lamps. These innovative automotive lighting solutions address fog-related challenges while meeting requirements related to temperature, humidity, and vibration that were previously difficult to overcome. For instance, Hyundai Mobis has announced a breakthrough in developing new materials capable of effectively mitigating fog-related issues. The company collaborated with Initz, a subsidiary of SK Chemical, to create a new material incorporating various additives to plastics that do not release gases. Additionally, they have developed a material that reduces the weight of the lamp by 20%. These advancements in fog-free lamps are poised to contribute to the market's growth.

Leading companies in the automotive lighting market are actively innovating to introduce new products like micro-LED light engines in order to expand their customer base, increase sales, and boost revenue. A micro-LED light engine is a display technology that comprises arrays of microscopic LEDs forming individual pixel elements. For example, in January 2023, Nichia Corporation, a Japanese manufacturer of light emitting diodes (LEDs), partnered with Infineon Technologies AG, a German semiconductor manufacturer, to unveil an integrated micro-LED light engine (µPLS light engine) designed for applications that require high-definition (HD) adaptive driving beams. This product stands out with its utilization of Nichia's proprietary internal LED chip and micro-LED technology, along with an integrated LED driver IC from Infineon that can independently drive all 16,384 micro-LEDs under pulse-width modulation (PWM) control. The µPLS light engine allows for customizable digital programming at the factory or activation as needed by the driver or the car's manufacturer.

In July 2022, Plastic Omnium, a French plastic manufacturing company, completed the acquisition of ams OSRAM, an Austrian company specializing in automotive lighting. This strategic acquisition enhances Plastic Omnium's expertise in the automotive lighting sector and extends its business operations in this domain.

Major companies operating in the automotive lighting market include HELLA GmbH & Co. KGaA, Koito Manufacturing Co. Ltd., Osram Licht AG, Koninklijke Philips N.V., Magnetti Marelli, Grupo Antolin, Flex Automotive GmbH, Lumax Industries Limited, Valeo Lighting Systems, Bosch Lighting Technology, Seima, Visteon Coporation, ICHIKOH INDUSTRIES LTD., STANLEY ELECTRIC CO. LTD., Peterson Manufacturing Company, Hyundai Mobis, Varroc Group, Denso Corporation, ZKW Group, General Electric Co, Lumax Industries Ltd., Continental AG, Marelli Automotive Lighting, Varroc Lighting Systems, Flex-N-Gate Corporation, Magna International Inc., SL Corporation, TYC Brother Industrial Co. Ltd., Changzhou Xingyu Automotive Lighting Systems Co. Ltd., Guangzhou Ledoauto Company Ltd., Phoenix Lamps Division of Suprajit Engineering Ltd., Automotive Lighting Reutlingen GmbH

Asia-Pacific was the largest region in the automotive lighting market in 2023. North America was the second-largest region in the automotive lighting market. The regions covered in the automotive lighting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the automotive lighting market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada

The automotive lighting market consists of sales of automotive halogen short-arc lights, automotive halogen long-arc lights, automotive halogen flashlights, automotive LED sidelights, automotive LED fog lights, automotive LED brake lights, automotive LED indicators, automotive LED number plates, automotive metal halide light, automotive high-pressure sodium light, automotive xenon arc light, and other automotive lighting. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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