The Global Automotive Lighting Market size is expected to reach $56.6 billion by 2030, rising at a market growth of 7.1% CAGR during the forecast period. In the year 2022, the market attained a volume of 2,127.5 Million Units experiencing a growth of 7.2% (2019-2022).
Properly functioning headlamps adhere to the safety regulations by ensuring the vehicle’s visibility to other drivers, pedestrians, and cyclists, thereby, reducing the risk of accidents, especially in low-light conditions or during nighttime driving. Consequently, the front lighting segment would acquire nearly 40% of the total market share by 2030. Modern front/headlamp designs often incorporate adaptive lighting systems, adjusting the light pattern based on driving conditions, speed, and environmental factors. Additionally, advancements like matrix LED and laser headlights further improve precision and illumination range. As automotive lighting technology continues to evolve, front/headlamp applications play a pivotal role in ensuring safe and stylish driving experiences.
The major strategies followed by the market participants are Partnerships as the key developmental strategy to keep pace with the changing demands of end users. Two news of any two random companies apart from leaders and key innovators. For instance, in October, 2023, KOITO MANUFACTURING CO., LTD entered a partnership with DENSO CORPORATION, to develop object recognition solutions by using lamps and image sensors. The partnership would drive better and safer night driving experiences along with next-generation mobility solutions for the customers. Moreover, in October, 2022, Valeo SA partnered with SRG Global, to offer next gen illuminated front panels to the automotive industry. The combined expertise of the two companies would lead to the creation of highly stylized and integrated lighting systems for the customers of the two companies.
The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Partnerships & Collaborations.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Koninklijke Philips N.V., General Electric Company, ams-OSRAM AG, Valeo SA, Stanley Electric Co. Ltd., LG Electronics, Inc. (LG Corporation), KOITO MANUFACTURING CO., LTD, HELLA GmbH & Co. KGaA, Marelli Holdings Co., Ltd. and Robert Bosch GmbH
Properly functioning headlamps adhere to the safety regulations by ensuring the vehicle’s visibility to other drivers, pedestrians, and cyclists, thereby, reducing the risk of accidents, especially in low-light conditions or during nighttime driving. Consequently, the front lighting segment would acquire nearly 40% of the total market share by 2030. Modern front/headlamp designs often incorporate adaptive lighting systems, adjusting the light pattern based on driving conditions, speed, and environmental factors. Additionally, advancements like matrix LED and laser headlights further improve precision and illumination range. As automotive lighting technology continues to evolve, front/headlamp applications play a pivotal role in ensuring safe and stylish driving experiences.
The major strategies followed by the market participants are Partnerships as the key developmental strategy to keep pace with the changing demands of end users. Two news of any two random companies apart from leaders and key innovators. For instance, in October, 2023, KOITO MANUFACTURING CO., LTD entered a partnership with DENSO CORPORATION, to develop object recognition solutions by using lamps and image sensors. The partnership would drive better and safer night driving experiences along with next-generation mobility solutions for the customers. Moreover, in October, 2022, Valeo SA partnered with SRG Global, to offer next gen illuminated front panels to the automotive industry. The combined expertise of the two companies would lead to the creation of highly stylized and integrated lighting systems for the customers of the two companies.
Cardinal Matrix - Market Competition Analysis
Based on the Analysis presented in the Cardinal matrix; Robert Bosch GmbH and LG Electronics, Inc. are the forerunners in the Market. In June, 2023, Robert Bosch GmbH came into a marketing partnership with Automobile Club de l'Ouest, a French event planner, to display its logos at select tracks in the World Endurance Championship Series. The partnership expands Bosch's brand visibility in motorsports. Companies such as HELLA GmbH & Co. KGaA, Valeo SA and General Electric Company are some of the key innovators in Market.Market Growth Factors
Increasing demand for premium segment vehicle
Manufacturers of premium segment vehicles are reorienting their product and R&D efforts towards electrification. Ford, Stellates, and Volkswagen, among other major OEMs, have declared their intention to fully electrify their vehicles by the conclusion of the following decade. As a consequence, major luxury automobile manufacturers will introduce numerous EV models. As a result, integrating advanced illumination technologies into automobiles will occur faster, such as ambient lights, adaptive lights, and LEDs, which offer superior temperature control and efficiency compared to halogen and xenon HID technologies. Thus, sales and the increasing popularity of electrified vehicles are anticipated to contribute to the expansion of the market.Evolution of new technologies
Laser illumination, matrix LED, and OLED are among the most promising and creative innovations for automobile lighting manufacturers. Solid-state OLED illumination is an emerging technology capable of illuminating expansive surfaces. It is a specialized technology that is currently undergoing research and development. Additionally, In recent years, cutting-edge vehicle lighting technology implementation has increased consistently. The increase in adoption can be ascribed to many factors, encompassing technological progressions, consumer inclinations, and the pursuit of improved aesthetics. Therefore, evolving technology is shaping market growth.Market Restraining Factors
High cost of LED lighting systems
The significant expense associated with LED lights constitutes a critical deterrent for the this lighting industry. Presently, projector headlamps, which are more expensive and require more space within the vehicle than reflector headlights, utilize LED bulbs. Furthermore, the installation process for procuring LED lighting is intricate and costly compared to other alternatives. Consequently, the price of LED lighting utilized in automobiles ultimately rises. This will consequently hinder the market's expansion for the lighting throughout the forecast period.The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Partnerships & Collaborations.
Vehicle Type Outlook
By vehicle type, the market is segmented into passenger vehicle, commercial vehicle, and electric vehicle. The commercial vehicle segment witnessed a significant revenue share in the market in 2022. Due to the lengthy hours of operation and extensive distances traveled, safety and vision are critical in commercial vehicles. Commercial vehicle operators must possess dependable and sturdy illumination systems, encompassing headlights, taillights, and marker lights, to adhere to regulations and guarantee the security of their operations. The expansion of e-commerce and the global transport and logistics sector fuels the demand for these lighting solutions and commercial vehicles.Technology Outlook
Based on technology, the market is divided into halogen, xenon, and LED. The halogen technology segment garnered a substantial revenue share in the market in 2022. Halogen technology is anticipated to experience stagnant development throughout the forecast period. Availability, purchase, and replacement expenses for halogen lamps are reduced, which are a few factors driving the segment's expansion. They are readily accessible, inexpensive, and available in various dimensions, qualities that make them a consumer favorite.Sales Channel Outlook
Based on the sales channel, the market is categorized into OEM and aftermarket. The aftermarket segment procured a remarkable revenue share in the market in 2022. The aftermarket sector is dedicated to delivering automotive illumination solutions designed for vehicles already in operation. It involves the retail of lighting accessories and replacement components. Vehicle customization, lighting enhancements, replacements necessitated by wear and tear, repairs, and other elements contribute to the aftermarket segment's growth. Aftermarket consumers frequently give price, simplicity, and aesthetics precedence.Position Outlook
On the basis of position, the market is divided into front lighting, back lighting, side lighting, and interior lighting. The back lighting segment attained a remarkable revenue share in the market in 2022. These lights, the most vital component of the vehicle's lighting system, signify or warn other motorists of its location, trajectory, and motion. Rear lights provide visibility for vehicles following behind, especially during nighttime driving, fog, rain, or other low-light conditions. Vehicles are required by law to have functioning rear lights to comply with safety regulations. Properly working rear lights are essential for a vehicle to be roadworthy and legally operational.Regional Outlook
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific region generated the maximum revenue share in the market in 2022. The Asia-Pacific market is anticipated to expand over the forecast period. This lighting pertains to the signaling devices affixed to different components of the car or the lighting system itself. Asia-Pacific is regarded as this lighting industry's most significant region. Increases in demand for automotive products, rising disposable incomes, and a growing need for adaptive lighting are some factors propelling the expansion of the market in the Asia-Pacific region.The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Koninklijke Philips N.V., General Electric Company, ams-OSRAM AG, Valeo SA, Stanley Electric Co. Ltd., LG Electronics, Inc. (LG Corporation), KOITO MANUFACTURING CO., LTD, HELLA GmbH & Co. KGaA, Marelli Holdings Co., Ltd. and Robert Bosch GmbH
Strategies deployed in the Market
Partnerships, Collaborations, and Agreements:
- Oct-2023: KOITO MANUFACTURING CO., LTD entered a partnership with DENSO CORPORATION, an automotive component manufacturer, to develop object recognition solutions by using lamps and image sensors. The partnership would drive better and safer night driving experiences along with next-generation mobility solutions for the customers.
- Jun-2023: Robert Bosch GmbH came into a marketing partnership with Automobile Club de l'Ouest, a French event planner, to display its logos at select tracks in the World Endurance Championship Series. The partnership expands Bosch's brand visibility in motorsports.
- Oct-2022: Valeo SA partnered with SRG Global, an automotive company, to offer next-gen illuminated front panels to the automotive industry. The combined expertise of the two companies would lead to the creation of highly stylized and integrated lighting systems for the customers of the two companies.
- Feb-2022: Valeo SA signed an agreement with Samvardhana Motherson Automotive Systems Group BV, an auto part manufacturer, to develop futuristic automotive vehicle interiors with the use of lighting systems and advanced surface finishes. The partnership comes in line with the company's commitment to provide exceptional driving experiences to its customers.
- Jul-2021: Marelli Holdings Co., Ltd. signed an agreement with Samvardhana Motherson Automotive Systems Group (SMRP BV), an auto parts manufacturer. Under the agreement, the two companies aim to design and develop smart illuminated exterior body parts for different components including front grills and bumpers.
Product Launches and Product Expansions:
- Oct-2023: ams-OSRAM AG announced the launch of the OSRAM NIGHT BREAKER H1-LED retrofit lamp. The lamp features a white light illumination with a max color temperature of 6,000 Kelvin. The lamp offers significant energy over conventional lamps.
- Jul-2023: Marelli Holdings Co., Ltd. unveiled the h-Digi microLED module, an automotive front lighting solution. The solution is built on multipixel LED and facilitates fully adaptive and dynamic headlight operation.
- Dec-2021: Koninklijke Philips N.V. released the Ultinon Drive 5000L series auxiliary lighting system. The system features an LED display and provides a visibility range of more than 400 meters. Additionally, it has a 6500 Kelvin color temperature provided by the system keeps the driver safe from any eye strain.
Acquisitions and Mergers:
- Feb-2022: General Electric Company took over the commercial and industrial (C&I) lighting business of Hubbell Incorporated, an American electronics manufacturer. The acquisition allows General Electric to provide its customers with an extensive product portfolio of lamps, controls, and fixtures.
- Sep-2021: LG Electronics, Inc. took over Cybellum, an Israeli provider of vehicle cybersecurity risk assessment solutions. The partnership would strengthen LG Electronics’ capability to provide better-connected car offerings.
Scope of the Study
Market Segments Covered in the Report:
By Position (Volume, Million Units, Revenue, USD Billion/Millon, 2019-30)- Front Lighting
- Back Lighting
- Side Lighting
- Interior Lighting
- Passenger Vehicle
- Commercial Vehicle
- Electric Vehicle
- LED
- Halogen
- Xenon
- Aftermarket
- OEM
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Koninklijke Philips N.V.
- General Electric Company
- ams-OSRAM AG
- Valeo SA
- Stanley Electric Co. Ltd.
- LG Electronics, Inc. (LG Corporation)
- KOITO MANUFACTURING CO., LTD
- HELLA GmbH & Co. KGaA
- Marelli Holdings Co., Ltd.
- Robert Bosch GmbH
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Global Automotive Lighting Market, By Position
Chapter 6. Global Automotive Lighting Market, By Vehicle Type
Chapter 7. Global Automotive Lighting Market, By Technology
Chapter 8. Global Automotive Lighting Market, By Sales Channel
Chapter 9. Global Automotive Lighting Market, By Region
Chapter 10. Company Profiles
Companies Mentioned
- Koninklijke Philips N.V.
- General Electric Company
- ams-OSRAM AG
- Valeo SA
- Stanley Electric Co. Ltd.
- LG Electronics, Inc. (LG Corporation)
- KOITO MANUFACTURING CO., LTD
- HELLA GmbH & Co. KGaA
- Marelli Holdings Co., Ltd.
- Robert Bosch GmbH
Methodology
LOADING...
