The Global Automotive Lighting Market size is projected to grow from USD 10.27 billion in 2018 to USD XX.XX billion by 2028, at a CAGR of 4.35% during the forecast period (2018-2028). North America dominates the global automotive lighting market with over 35% share and this region is expected to continue its dominance throughout the forecast period due to increasing demand for electric vehicles and stringent emission norms set by the U.S., Canada, Mexico, and California governments which helps in reducing carbon footprint levels across developed economies such as Europe and the Asia Pacific.
Automotive lighting is the system of illuminating devices in automobiles, which are responsible for providing lights to the environment surrounding them. The feature of automotive lighting is to provide adequate illumination along the road. This helps in saving lives and avoiding accidents at night or during bad weather conditions such as fog, rain, etc. Autolamps are more reliable, efficient, and cost-effective. They do not cause any discomfort to the eyes or affect vision.
On the basis of Type, the global automotive lighting market is segmented into Halogen Lighting, HID lighting, and LED Lighting.
Halogen lighting is a type of automotive lighting that does not use an electronic ballast and only works with the help of a tungsten filament. The light produced by this lamp can be used for both headlights and taillights, depending on the shape or construction of your vehicle’s bulb. Halogen lighting is one of the earliest types of automotive lighting. It gives bright white light with high color rendering index but it consumes higher power and emits more heat than other types of lights. The main feature of this type of light is that it uses tungsten filament to create the light which has an expected life span of up to 2000 hours under normal conditions.
HID automotive lighting is a stand for High-Intensity Discharge. It uses an electric arc between tungsten electrodes to produce the light, as opposed to using a filament found in traditional incandescent lamps. The HID system can have many more benefits over traditional bulbs such as being smaller and having longer life spans which makes it popular across different applications of the automotive industry. The HID lighting type of automotive lighting has the following features: - High illumination range of up to 130 meters which is equivalent to the headlight of a vehicle.- Less power consumption.- Highly durable and can be used for long periods of time without any damage to the lighting system.-"DOT" compliant which makes these lights legal all across North America.- Can be used in any type of weather conditions including extreme hot and cold climates.
LED lighting is the most popular type of automotive lighting. The main reason for this trend is that LED lights generate less heat compared to other types of lamps, which means they are more efficient and last longer. Also, LED lights can be installed in a wide range of shapes, sizes, and colors making them ideal for any application. Its features are: -Highly efficient in energy consumption, which makes them more cost effective.-They provide better light quality and brightness than other lighting types.-LEDs provide a longer lifetime than other lighting types.-LEDs are more compact in size.-LEDs have a faster response time.-Luminance decay is very low in LEDs, which makes them more robust and reliable.-LEDs are available in various sizes, shapes, and colors. The features mentioned make LED lighting the most versatile type among all other types of automotive lighting.
On the basis of Application, the global automotive lighting market is segmented into Passenger Vehicle and Commercial Vehicle.
In passenger vehicles, automotive lighting technology is used to improve the safety of drivers and passengers. It helps in enhancing night driving capabilities by providing light on the road during the night. In addition, it also enhances the aesthetic value of cars as well as provides many interior functions such as mood lighting, etc. Light-emitting diodes are used for lighting up the load area of commercial vehicles. The commercial vehicle segment is expected to account highest market share in the automotive LED lighting market over the forecast period owing to growing demand from this segment across different regions worldwide.
On the basis of Region, the global automotive lighting market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. In 2017, North America was leading in terms of market share and is expected to continue its dominance through 2028. The U.S., being a major consumer of high-end vehicles such as crossover utility, sports cars, SUVs & luxury sedans will drive the demand for lighting systems over the forecast period. In addition, an increase in the production of passenger vehicles owing to favorable governmental support with regard to emission norms is likely to boost the industry growth rate during 2018-2028.
North American Automotive Lighting Market Analysis by country: The U. S holds the majority of shares followed by Canada and Mexico respectively due to their strong presence across other regions which include Asia Pacific Latin America Middle East And Africa (APLAMA)) and Europe.Europe Automotive Lighting Market Analysis by country: Germany is expected to hold the largest market share followed by France, Italy, the U.K., Spain & Poland which collectively account for major shares of the European automotive lighting industry owing to the high production rate for passenger vehicles commercial vehicle across these regions. Asia Pacific Automotive Lighting Market Analysis by Country: China will be leading in the Asia Pacific region due to its robust manufacturing base and increasing demand from the commercial segment owing to rapid industrialization over the forecast period 2018-2028.The Middle East And Africa (MEA)Automotive Lighting market analysis by Country: South Africa has been estimated as one of those countries with significant growth opportunities during 2017 - 2026. Latin America Automotive Lighting market analysis by country: Brazil will be the dominant country in the Latin America Automotive Lighting market due to its growing economy and large automotive industry.
There are a number of factors that have been driving the growth in this market. The increasing demand for cosmetic and functional safety is one key factor. In addition, safety regulations from authorities such as Euro NCAP, China C-NCAP, and others have encouraged car manufacturers to focus on safety elements which include lighting solutions. For instance, in 2017 Euro NCAP introduced a new reward for automakers to include automatic emergency braking systems. The demand for safety features is likely to drive the global automotive lighting market over the forecast period.
Up Market Research published a new report titled “Automotive Lighting Market research report which is segmented by Types (Halogen Lighting, HID Lighting, LED Lighting), By Applications (Passenger Vehicle, Commercial Vehicle), By Players/Companies Koito, Magneti Marelli, Valeo, Hella, Stanley Electric, HASCO, ZKW Group, Varroc, SL Corporation, Xingyu, Koito, TYC, DEPO”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Automotive Lighting Market Research Report |
By Type | Halogen Lighting, HID Lighting, LED Lighting |
By Application | Passenger Vehicle, Commercial Vehicle |
By Companies | Koito, Magneti Marelli, Valeo, Hella, Stanley Electric, HASCO, ZKW Group, Varroc, SL Corporation, Xingyu, Koito, TYC, DEPO |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 233 |
Number of Tables & Figures | 164 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Halogen Lighting, HID Lighting, LED Lighting and By Application Passenger Vehicle, Commercial Vehicle.
Some of the companies that are profiled in this report are:
Automotive Lighting Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Automotive Lighting Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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