Automotive Lighting System Market Size, Industry Outlook, Regional Analysis, Application Development & Forecast, 2020 - 2026

Report ID: GMI2012




Summary Methodology

Automotive Lighting System Market size is expected to increase during the forecast period owing to the rising vehicle production and growing lighting applications, specifically in passenger vehicles. Lighting is an essential system in an automobile, responsible for safety and comfort. The prime applications include ensuring drivers’ visibility, indicating the position and presence of vehicles to others, and improving vehicle conspicuity.
 

Increased use of high-efficiency LED and rising concerns about road safety along with government regulations for lighting are some of the factors driving the automotive lighting system market share from 2017 to 2024. Increasing buying power of the consumers has increased the demand for advanced and sophisticated technologies such as Daylight Running Lights (DRLs) and Advanced Front-lighting System (AFS). Growing number of vehicles in BRIC countries is further offering an opportunity for automotive lighting system market growth.
 

Growing demand for luxury, ambiance, and comfort as well as pedestrian and passenger safety regulations will positively impact the industry growth over the forecast timeline. Additionally, the surge in sales of electric vehicles owing to government subsidies and emission regulations for vehicles is also anticipated to drive the revenue.
 

Factors restraining the automotive lighting system market growth include high R&D cost and fluctuating prices of raw materials. The technological innovations require huge investment, which will hamper the R&D development and limit the industry growth.
 

The automotive lighting system market is segmented by vehicle type into passenger cars, light commercial vehicles, and heavy commercial vehicles. The passenger cars is anticipated to grow at a higher rate during the projected period. This segment is expected to lead the industry in terms of both value and volume followed by LCVs.
 

Based on application, the automotive lighting system market is segmented into exterior lighting and interior lighting. The exterior lighting can be categorized into fog lights, head lights, tail lights, side lights, Daytime Running Lights (DRL), Center high mount stop lamps (CHSML), and others. Others include brake lights, indicators, license plates, reverse lights, and side view mirror indicators. The interior lighting segment consists of glove box, dashboard, reading lights, rear view mirror interior lights, and dome lights. The automotive lighting system market is dominated by exterior lighting and is expected to continue its domination over the forecast period owing to the application of these lights in the driver safety.
 

On the basis of position, the automotive lighting system market is categorized into rear, side, front, and interior. The front lighting industry is anticipated to gain maximum share in the market. The automotive front lighting consists of functions such as headlight leveling, high beam assist, and bending lights, auto-on/off, and cornering lights. Auto-on/off is anticipated to be the major segment whereas headlight leveling is likely to be the fastest growing segment.
 

Based on technology, the industry is segmented into LED, Xenon/HID, and halogen/incandescent. The LED segment is expected to showcase the highest market growth. This growth can be credited to the benefits offered by LEDs such as lower energy consumption and temperature, bright illumination, and flexibility in designing. These features are leading to growth in the adoption of LED lights in automobile interior.
 

Asia Pacific is expected to be the fastest growing region. India, China, South Korea, and Japan account for the majority of vehicle production in the global automotive industry and thus are anticipated to acquire the maximum share of the automotive lighting system market. The customers in China are upgrading their cars to better and newer models.  The advanced technologies, such as adaptive and ambient lighting, are gaining popularity in China. These factors are contributing to the growth of Asia Pacific automotive lighting system market.
 

The manufacturers in the automotive lighting system market include Koninklijke Philips N.V., General Electric (GE), Hella KGaA Hueck & Co., Magneti Marelli, Osram, Stanley Electric, Koito Manufacturing Co., Ichikoh Industries, Ltd., and Zizala Lichtsysteme GmbH. The key strategies implemented by the companies are expanding business by acquiring other competing companies. In July 2016, Osram acquired the U.S. automotive lighting startup, Novità Technologies.
 


What Information does this report contain?

Historical data coverage: 2015 to 2019; Growth Projections: 2020 to 2026.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.


Customize this Report

Pre Book Now

Need a Discount? Get in touch with us for special pricing

Request Discount

Our Market Research Reports Include:

  • Market snapshot
  • Market Segmentation
  • Value Chain Analysis
  • Growth Dynamics
  • Potential Market Opportunities
  • Regulatory Overview
  • Technology Evolution
  • Innovation & Sustainability

Connect with our sales team

Benefits of Association

Data Coverage & Quality

GMI reports provide the most comprehensive coverage of any focus industry, ensuring a holistic and deep understanding of the market, along with actionable and granular data. We also take pride in our commitment to quality and strive to ensure that our clients get their moneys worth.

Client Trust & Security

GMI maintains strict code of conduct as a business and is committed to ensure that the privacy and trust of our clients are always maintained. As an organization, we also strive to be fully compliant with privacy laws, PCI and information security guidelines.

Customer Service

Our customers rely on us to produce accurate, reliable and timely information. Service orientation is a key mission for us as an organization; our process is guided by the desire to ensure that our clients are provided the best possible solutions in optimal timeframe. GMI stands by its commitment to service, providing timely assistance in both pre-sales and post-sales support for our clients.

GMIPulse, our report store

We have introduced ‘GMIPulse’, which is our report store; designed to offer clients a one-stop platform for all market research and business intelligence requirements. Clients can access reports, presentations, raw data excel sheets as well as detailed company profiles. GMIPulse allows you to track relevant industries and stay informed with latest innovation, competitive and regulatory developments to help design strategic framework.

Chat with us
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies. More info X