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The Global Automotive Lighting Market has been segmented on the basis of Vehicle Type (Passenger Cars and Commercial Vehicles), Application Type (Interior Lighting and Exterior Lighting), Technology (Halogen, Xenon, LED, and Other Technologies), and Geography.
Study Period:
2018 - 2026
Base Year:
2020
Fastest Growing Market:
Europe
Largest Market:
Asia Pacific
The global automotive lighting market is anticipated to register a CAGR of about 7.46%, during the forecast period (2019 – 2024).
The global automotive lighting market has been segmented on the basis of vehicle type, application type, technology, and geography.
By Vehicle Type | |
Passenger Cars | |
Commercial Vehicles |
By Application Type | |
Interior Lighting | |
Exterior Lighting |
By Technology | |
Halogen | |
Xenon | |
LED | |
Other Technologies |
Geography | ||||||||
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The automobile manufacturers are working hard to improve both vehicle and passenger safety in night driving situations, as approximately 30% of all the vehicle accidents occur at night. Moreover, the severity of accidents is much higher in the night, than during the day.
The automotive manufacturers are developing new lighting technologies and are focusing on the major lighting components, such as headlights. They are entering into partnerships, for being ahead in the competition within the market. Headlights are a major factor in providing a safe environment for driving, during the night. For instance, Volkswagen partnered with Hella, in order to develop IQ.LIGHT LED headlamps. The new luxury-class Touareg SUV uses the IQ.LIGHT-LED Matrix Headlamps and 256 LEDs.
Vehicle manufacturers are designing, prototyping, and testing the possibilities for external lighting. For example, Volkswagen is working on a technology that projects a pair of red warning lines on the road, when a car is turning around, thereby, letting pedestrians know where the danger zone is and presumably eliminating the problem of backing out of a high-fenced driveway, into the path of a cyclist on the footpath.
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Geographically, the global automotive lighting market is led by the Asia-Pacific region, followed by the European and the North American regions. Some of the major factors driving the growth of the markets in these regions are -
Europe has been recognized as a major region, focusing on both passengers and pedestrian safety, along with implementing safety standards for vehicles. The regional automotive manufacturers, along with the automotive component suppliers, have been continually investing in the R&D of safety technologies. With rapid technological advancements in the automotive industry, the European region is expected to play a major role in the global automotive lighting market. The region is home to numerous major manufacturers, such as Hella KGaA Hueck & Co., Philips, OSRAM Licht AG, Valeo, Zizala, Robert Bosch, and ZKW.
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The global automotive lighting market is consolidated and is dominated by major players, like Stanley Electrics, Hella, Valeo, Hyundai Mobis, Philips, Zizala Lichtsysteme, and General Electrics. The companies are entering into joint ventures and are expanding their global presence. For instance,
1. INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Vehicle Type
5.1.1 Passenger Cars
5.1.2 Commercial Vehicles
5.2 By Application Type
5.2.1 Interior Lighting
5.2.2 Exterior Lighting
5.3 By Technology
5.3.1 Halogen
5.3.2 Xenon
5.3.3 LED
5.3.4 Other Technologies
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Rest of North America
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Russia
5.4.2.5 Italy
5.4.2.6 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Rest of Asia-Pacific
5.4.4 South America
5.4.4.1 Brazil
5.4.4.2 Argentina
5.4.4.3 Rest of South America
5.4.5 Middle East & Africa
5.4.5.1 United Arab Emirates
5.4.5.2 Saudi Arabia
5.4.5.3 South Africa
5.4.5.4 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Koito Manufacturing Co. Ltd
6.2.2 Stanley Electric Co. Ltd
6.2.3 Valeo Group
6.2.4 Magneti Marelli SpA
6.2.5 HELLA KGaA Hueck & Co.
6.2.6 Tungsram
6.2.7 Hyundai Mobis
6.2.8 Lumax Industries
6.2.9 Osram
6.2.10 Philips
6.2.11 Zizala Lichtsysteme
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability