Automotive Lighting Market Overview
The global automotive lighting market was valued at USD XX million and is anticipated to reach USD XX million in 2025 growing at a CAGR of xx% over the forecast period. Growing advancements in lighting technology along with increasing penetration of passenger vehicles in developing countries is anticipated to boost the automotive lighting market growth. Moreover, government regulations are playing a crucial role in the transformation of the global automotive lighting market growth.
LED lights are gaining huge attention from the automotive lights manufacturers as these lights are energy-efficient, durable, and long-lasting compared to the conventional HID & halogen lamps. Increasing vehicle safety awareness is directly impacting the lighting market as lights form a major portion of the vehicular safety parts.
Various countries have come up with strict lighting regulations in vehicles, which requires a specific brightness or temperature of the headlamps. Many customers in developing countries are hesitant to install standard lights as they consider it as an extra & unnecessary expense. Such customers usually go for aftermarket cheaper & non-standard substitutes. Strict regulations are required in such countries to improve on-road vehicle safety and reduce light pollution.
The automobile manufacturers are working hard to improve both vehicle and passenger safety in the night driving, As the majority of the accidents occur in the night time. Adaptive headlights are one innovative automotive lighting technology, these headlights adapt the lighting angle automatically on the turn to cover the blind spots easily.
The market can be segmented on the basis of technology into halogen, HID, and LED. Halogen lamps are widely used in both passenger and commercial vehicles. These lamps are particularly used in automotive headlamps, interior lighting, and work lights. They are majorly known for moderately high efficiency, quality of light, and high rated life as compared to any regular lamp.
HID light bulbs and lamps come from the family of gas-discharge arc lamps. These lamps are famous for their high brightness and their long shelf-life. These types of lights are banned for usage in automobiles in many countries as they strongly affect the vision of incoming vehicles thus leading to accidents many times. The LED lights are the only dependable future of automotive lighting as these are the cheapest, efficient, and durable product among all. Many governments have mandated the fitment of LED lights in vehicles for better energy efficiency & reducing emission.
Vehicle Type Insights
The market can be segmented into passenger cars, light commercial vehicles, and heavy commercial vehicles. The passenger car segment accounts for the largest market share in the global automotive lighting market. Increasing per capita income in developing countries and decreasing the prices of cars are anticipated to boost the passenger car lighting market growth in the forecast period.
The sales of light commercial vehicles are growing since the last decade as much newer advanced & high capacity models are available in the market. The LCV lighting segment is growing at a moderate pace and it is expected to speed up by 2022. The heavy commercial vehicle lighting market is growing owing to EU regulations for the fitment of LED lamps in this category vehicles.
The market can be segmented into headlights, tail lights, interior lights, and others. The headlights being the most expensive among all lights account for the largest market share. Headlights have a long life span ranging from 5 to 7 years. The taillight segment is anticipated to grow at a moderate rate over the forecast period.
Fog lamps have gained high significance in recent years and are expected to gain greater market share in the upcoming decade. The increasing sales of luxury vehicles are boosting demand for interior lighting significantly.
The global automotive lighting market is led by the Asia-Pacific region, followed by European and the North American regions. Europe has recognized as the major region, focusing on passenger and pedestrian safety along with implementing many safety standards for vehicles. With the rapid technological advancements in the automotive industry, the European region is anticipated to play a major role in the global automotive lighting market.
The global automotive lighting market is highly competitive and dominated by major players. Key players of the market are Stanley Electric, Hella, Valeo, Hyundai Mobis, Philips, General Electrics, Zizala Lichtsysteme, Valeo Group, Osram, Tungsram.
|Base year of estimation||2018|
|Actual estimates/Historical data||2015-2017|
|Market representation||Revenue in USD Billion and CAGR from 2019-2025|
|Regional scope||Asia Pacific, Europe, North America, South America|
|Country scope||US, Canada, UK, France, Russia Japan, India, China, Brazil, Argentina|
|Report coverage||Revenue forecast, company share, competitive landscape, growth factors and trends|
|15% free customization scope (equivalent to 5 analysts working days)||If you need specific information, which is not currently within the scope of the report, we will provide it to you as part of the customization.|
Segments Covered in the Report
This report forecasts revenue at the global Automotive Lighting market, regional and country levels and provides an analysis of industry trends in each of the sub-segments from 2014-2025. For the purpose of this study, Confianza Research has segmented the global Automotive Lighting market on technology, vehicle type, application, regional, and competitive.
Vehicle Type Scope
- Passenger cars
- Light commercial vehicles
- Fog lights
- Signal lights
- Brake lights
- Driving lamps
- North America
- Asia Pacific
- South America
Automotive lighting manufactures covered in this report
- Stanley Electrics
- Hella, Valeo
- Hyundai Mobis
- General Electrics
- Zizala Lichtsysteme
- Valeo Group