Automotive Lighting Market Global Scenario, Market Size, Outlook, Trend, and Forecast, 2020 – 2030

The Global Automotive Lighting Market was valued at US$ 34.55 billion in 2021 and is predictable to reach US$ 58.83 billion by 2030 which is projected to attain a CAGR of 6.1 % during the forecast period from 2021- 2030.

Automotive lighting acts as a major part of automotive vehicles which illuminates the roadway by allowing the driver clear and better visibility of the road. It is integrated or mounted at the front, sides, or rear of the motor vehicle. It also allows other drivers or pedestrians to detect the presence, size, and direction of the vehicle.

Market Dynamics

The rising number of vehicles on the road, growing production of commercial & passenger vehicles, and rise in adoption of electric vehicles are the prime factors attributed to the global automotive lighting market. According to WHO, nearly 1.25 million casualties are recorded every year owing to adverse weather conditions, such as dust, fog, rain, or other factors. The demand for automotive lighting is rising due to growing road accidents across the globe. Lighting system in automotive vehicles comprises lighting and signalling devices. In addition, emergency vehicles such as ambulances comprise distinctive lighting equipment for warning the drives and prioritizing the traffic movement.

Strict government regulations have augmented the developed nations for the installation of safe vehicle lighting for better visibility and safety in the vehicle. Daytime Running Lights (DRL) are mandated in the vehicle to assist the other road users to view the vehicle coming from the opposite direction. Nowadays LED lights are being installed owing to their energy-efficient nature, better and longer visibility, consuming less energy from the vehicle, and enhancing the aesthetic appeal of the vehicle.

However, the high cost associated with LED production, raw material price fluctuation, lots of heat is generated from LED which requires the installation of cooling equipment, high voltage sensitivity of LED are the factors restraining the global automotive lighting market during the forecast period. Furthermore, growing emphasis on road safety, rising disposable incomes of the consumers, strict government regulations are creating huge opportunities for automotive lighting market expansion.

The Automotive Lighting Market is segmented by light type, vehicle type, adaptive lighting, application, sales channel, and region. Based on light type, it is categorized into Xenon/HID, LED, and Halogen. By vehicle type, it bifurcates into commercial vehicle, and passenger vehicle. The adaptive lighting is bifurcated into rear adaptive lighting, ambient lighting, and front adaptive lighting. By application, it is bifurcated into interior lighting and exterior lighting. Further, interior lighting is categorized into the glovebox, dome lights, dashboard, and reading lights. Exterior lighting is also bifurcated into fog lights, taillights, high mount stoplights, headlights, daytime running lights (DRL), and sidelights. The sales channel bifurcates into aftermarket and OEMs. Based on regional insights, the global automotive lighting market is categorized into North America (US, Canada, Mexico, Rest of America), Asia Pacific (India, China, Rest of Asia Pacific), Europe (UK, Germany, Russia, Rest of Europe) and Rest of the world (Latin America and Middle East & Africa).

Asia Pacific is expected to be the highest market share owing to huge sales of automobiles, high vehicles production, and inclination towards electric vehicles. In addition, sales of premium cars have augmented for the advanced lighting system to open new opportunities for the rise of the global automotive lighting market during the forecast period.

Prominent players inducing the Global Automotive Lighting Market are Hella KGaA Hueck & Co., Koito Manufacturing Co. Ltd., Osram Licht AG, Stanley Electric Co. Ltd., ZKW, LG Electronics, Varroc, DENSO Corporation, Hyundai Mobis, Koninklijke Philips N.V., ROBERT BOSCH GmbH, Valeo SA, Infineon Technologies AG, and Marelli Magnetti among others.

Segmentation and Scope of the Global Automotive Lighting Market

Global Automotive Lighting Market is segmented by light type, vehicle type, adaptive lighting, application, sales channel, and region.

By Light Type

• Xenon/HID
• LED
• Halogen

By Vehicle Type

• Commercial Vehicle
• Passenger Vehicle

By Adaptive Lighting

• Rear Adaptive Lighting
• Ambient Lighting
• Front Adaptive Lighting

By Application

Interior Lighting

• Glovebox
• Dome Lights
• Dashboard
• Reading Lights
• Exterior Lighting
  • Fog Lights
  • Taillights
  • High Mount Stoplights
  • Headlights
  • Daytime Running Lights (DRL)
  • Sidelights

By Sales Channel

• Aftermarket
• OEMs

By Region

North America

• US
• Canada
• Mexico

Europe

• UK
• Germany
• Russia
• Spain
• Italy
• Rest of Europe

Asia Pacific

• India
• China
• Japan
• Australia
• South Korea
• Rest of Asia Pacific

Rest of World

Middle East & Africa

• Saudi Arabia
• South Africa
• Rest of Middle East & Africa

Latin America

• Argentina
• Brazil
• Rest of Latin America

Prominent players in the Global Automotive Lighting Market among other includes

• Hella KGaA Hueck & Co.
• Koito Manufacturing Co. Ltd.
• Osram Licht AG
• Stanley Electric Co. Ltd.
• ZKW
• LG Electronics
• Varroc
• DENSO Corporation
• Hyundai Mobis
• Koninklijke Philips N.V.
• ROBERT BOSCH GmbH
• Valeo SA
• Infineon Technologies AG
• Marelli Magnetti