Automotive Lighting Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

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.

Market Snapshot

Study Period:

2018 - 2026

Base Year:

2020

Fastest Growing Market:

Europe

Largest Market:

Asia Pacific

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Market Overview

The global automotive lighting market is anticipated to register a CAGR of about 7.46%, during the forecast period (2019 – 2024).  

  • Lighting, being a significant component in vehicles, plays an important role in vehicle safety. Automotive manufacturers are offering a variety of lighting options, to increase vehicle visibility in unfavorable weather conditions.    
  • The growing adoption of advanced technologies in automobile components and the increasing demand for the overall efficiency of vehicles are shifting the attention of OEMs toward vehicle lighting. 
  • Vehicle manufacturers are showing great interest in integrating LED lights in vehicles, as these lights consume less power and have a longer life, as compared to halogen and HID lights. Furthermore, LED lights offer durability and strength, high-quality light emitting diodes, and are superior to all other forms of lighting technology.     
  • There have been growing concerns about vehicular safety, around the world. Exterior lighting forms an important part of vehicular safety. Various countries have come up with stringent lighting regulations, which require a specific brightness or temperature of the headlamps. Automobiles in the developed regions have already come up with a higher standard of lighting; but in order to save costs, they often do not meet the regulations. This will cause the developing markets to grow at a higher rate.

Scope of the Report

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
North America
United States
Canada
Rest of North America
Europe
Germany
United Kingdom
France
Russia
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
United Arab Emirates
Saudi Arabia
South Africa
Rest of Middle East & Africa

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Key Market Trends

Advancements in Lighting Technologies in Automobiles, Specifically in LED Lights

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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Asia-Pacific is Leading the Automotive Lighting Market

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 - 

  • An increase in the demand for and the sales of luxury cars.
  • An increase in the production of vehicles.
  • An increase in the sales of and demand for commercial vehicles, owing to the growing logistics industry (primarily due to the propelling e-commerce sector in the region) and the construction industry.
  • A rise in the sales of low-cost vehicles, due to an increase in the disposable incomes of the middle-class consumers.
  • An increase in the number of accidents, especially during the night.

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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Competitive Landscape

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,

  • Valeo announced the acquisition of 10.5% of the stake in Aledia, a technology startup company, dedicated to the development of cutting-edge LED technology for general and automotive lighting.
  • Koito Automotive inaugurated the Hubei Koito Automotive Lamp Co. Ltd plant in China.
  • ZKW started the production of the world's first laser-beam headlamps, for the BMW i8.
  • In 2017, Osram India launched new automotive lighting solutions called Rallye, which is compatible with two-wheelers, four-wheelers, and other commercial vehicles. The product is being manufactured in Osram’s manufacturing plants in Germany and China.  

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Vehicle Type

      1. 5.1.1 Passenger Cars

      2. 5.1.2 Commercial Vehicles

    2. 5.2 By Application Type

      1. 5.2.1 Interior Lighting

      2. 5.2.2 Exterior Lighting

    3. 5.3 By Technology

      1. 5.3.1 Halogen

      2. 5.3.2 Xenon

      3. 5.3.3 LED

      4. 5.3.4 Other Technologies

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Rest of North America

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Russia

        5. 5.4.2.5 Italy

        6. 5.4.2.6 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Rest of Asia-Pacific

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle East & Africa

        1. 5.4.5.1 United Arab Emirates

        2. 5.4.5.2 Saudi Arabia

        3. 5.4.5.3 South Africa

        4. 5.4.5.4 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 Koito Manufacturing Co. Ltd

      2. 6.2.2 Stanley Electric Co. Ltd

      3. 6.2.3 Valeo Group

      4. 6.2.4 Magneti Marelli SpA

      5. 6.2.5 HELLA KGaA Hueck & Co.

      6. 6.2.6 Tungsram

      7. 6.2.7 Hyundai Mobis

      8. 6.2.8 Lumax Industries

      9. 6.2.9 Osram

      10. 6.2.10 Philips

      11. 6.2.11 Zizala Lichtsysteme

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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