Automotive Lighting Market Size, Industry Analysis Report, Regional Outlook (U.S., Germany, UK, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024
Report ID: GMI1444
Automotive Lighting Market size comprises various lighting and signaling devices. It is used for purposes such as enhancing visibility for safe driving and acting as warning signals.
Increasing vehicle production and sales, technological advancement and tightened regulations regarding safety measures are the prominent driving forces for the automotive lighting market size. The global vehicle production has witnessed considerable increase due to growing demand and emerging economies. The technology has evolved to lead to the development of eco-friendly, energy efficient, easy to operate products.
Fluctuating raw material cost and high R&D cost are restraining the automotive lighting market growth. The raw materials used in manufacturing are glass, tungsten, molybdenum, phosphorous, silicon, niobium, polymers, tantalum and mixture of inert gases. The cost for these materials keeps on changing and slows the growth rate for automotive lighting market size. Product development to meet the requirements of government specifications requires considerable investment by the manufacturers.
Technological enhancement in the lighting industry has led to an attractive outlook for the companies. Partnerships with automobile OEMs are set to improve the quality of new product development. The major challenge before the manufacturers is to develop the cost-effective high quality lighting systems. Reducing the effect of bright light to decrease the driver distraction is another area of improvement. Increasing demand for environment friendly solutions has influenced manufacturers to develop energy efficient products for automotive lighting market.
Based on technology, the automotive lighting market share is classified as LED, halogen, and xenon. Based on application, the industry is divided into front/headlamps, rear, side, interior lighting. Major installation locations are headlights, taillights, sidelights, fog lights, etc.
Adaptive front automotive lightning market share is rapidly gaining popularity among the customers. The features include auto on/off, bending/curve lights, cornering lights, headlight leveling and high beam assist. OLED and laser are modern technologies used by the manufacturers.
Based on vehicle type, the automotive lighting market is classified into HCVs, LCVs, passenger vehicles and two-wheeler vehicles. The overall increase in passenger vehicles due to increase in tourism and transportation increase the demand for this segment. Also, increased used of four-wheelers for customized purpose such as food truck and mobile service van will fuel the demand in LCVs.
APAC constitutes the largest market in terms of vehicle production and sales, this also makes it a considerable automotive lighting market. China, Japan, India, and South Korea are major countries in this region in terms of production, exports and domestic sales. Increasing spending on luxury products and increase in the number of total vehicle purchased are the chief growth drivers. The regulatory bodies for the automotive lighting market include Japan Lighting Manufacturers Association, The Automotive Component Manufacturers Association of India (ACMA), The Canadian Vehicle Manufacturers’ Association and European Automobile Manufacturers’ Association (ACEA) among others.
Automotive lighting market players include Osram, Magneti Marelli, Hella, Stanley Electric, Koito, Valeo, General Electric, KGaA Hueck & co., koninklijke Philips, Ichikoh Industries Ltd., Zizala lichtsysteme GmbH, Lumax Industries, etc. OEMs comprise Mercedes-Benz, Volkswagen, Hyundai Motors, Ford Motors, Toyota, Mahindra & Mahindra, Tata Motors, etc.
Manufacturers focus on developing energy efficient and low-cost alternatives for regional and global expansion. The automotive lighting market is characterized by large number of manufacturers competing to acquire share through various strategies. The supplier power is prominent owing to well established companies with efficient and wide spread supply & distribution network.
What Information does this report contain?
Request for Customization
Our Market Research Reports Include:
- Market snapshot
- Market Segmentation
- Value Chain Analysis
- Growth Dynamics
- Potential Market Opportunities
- Regulatory Overview
- Technology Evolution
- Innovation & Sustainability
Why Global Market Insights?Comprehensive Research
- All-inclusive coverage
- In-depth and granular data (ex: information for 8 to 15 countries, with clients open to add to this list, in each report)
- Penetrative insights & latest trends
- Offers holistic understanding of the market
- Unique methodology
- Iterative in nature to eliminate errors
- Detailed methodology, scope, assumptions and data sources available for reference
- Committed to making a positive difference for our clients
- Given the nature of this industry, we are committed to ensure that our clients get maximum return on their investment in our services
- Every purchase comes with an option to obtain additional information:
- up to 10% of the original cost
- 45-minute analyst tele-call to obtain further clarity on the market.
- Global Market Insights, Inc. strictly adheres to PCI-DSS security norms.
- Only PCI-DSS compliant payment methods used for highest level of client data security
Connect with our sales team