Automotive Lighting Market by Technology, Type, Sales Channel, Vehicle Type

List of Tables

[199 Pages Report] The Automotive Lighting Market size was estimated at USD 22.07 billion in 2023 and expected to reach USD 23.60 billion in 2024, at a CAGR 7.13% to reach USD 35.76 billion by 2030.

Automotive lighting refers to a comprehensive range of illumination systems and components integrated into motor vehicles to enhance visibility, safety, and aesthetic appeal. Automotive lighting solutions play a crucial role in ensuring the optimal performance of automobiles during diverse driving conditions while conforming to stringent regulatory standards across various jurisdictions. Increased emphasis on vehicle safety due to strict regulations, rising automobile production driven by global population growth and urbanization, and growing adoption of electric vehicles have increased the demand for automotive lighting. However, the high costs of advanced technologies, tech compatibility issues integrating new lighting systems into existing platforms, and varying regulations impacting product development across countries limit product penetration worldwide. Nevertheless, technological advancements, including LED and laser-based lighting, ambient interior lighting innovations for enhanced driver experience, and integration with Advanced Driver Assistance Systems (ADAS), are developing a potential platform for automotive lighting. Moreover, research areas exploring smart materials with improved energy efficiency and possible integration with Vehicle-to-Everything (V2X) communication technologies for enhanced safety & connectivity are expected to create growth opportunities for the automotive lighting market in the forecast period.

KEY MARKET STATISTICS
Base Year [2023]	USD 22.07 billion
Estimated Year [2024]	USD 23.60 billion
Forecast Year [2030]	USD 35.76 billion
CAGR (%)	7.13%

Technology: Growing preference for LED lights due to their energy efficiency properties

Halogen technology is the most traditional type of automotive lighting as it utilizes a tungsten filament, which heats up and produces light when current passes through it. These halogen lights have several advantages, including low cost, easy availability, and compatibility with older car models. LEDs are fast emerging as the preferred technology in automotive lighting owing to their high energy efficiency, longer lifespan, compact size, and increased brightness levels compared to halogen counterparts. In addition to these benefits, LEDs offer numerous design possibilities that suit contemporary vehicle aesthetics. Xenon or HID automotive lights employ a gas discharge mechanism where an electrical arc between two electrodes generates light. The primary need-based preferences for this type of lighting include high intensity, better visibility in extreme weather conditions, and enhanced aesthetics.

Type: Adoption of exterior lighting for improved road safety and vehicle recognition

Exterior automotive lighting ensures a vehicle's safety, functionality, and aesthetics. The need for advanced and efficient external lighting systems has grown due to increased consumer demand for enhanced road visibility and improved vehicle styling. Daytime running lights (DRL) are designed to improve the visibility of a vehicle during daylight hours, reducing the risk of daytime accidents by making the vehicle more conspicuous to other drivers. Fog lights are used in adverse weather conditions, such as snow, fog, and heavy rain, to provide low, wide-angle illumination and reduce glare from precipitation in the air. Headlights are the primary lights for illuminating the road in front of the vehicle in low-light and dark conditions. Taillights serve multiple functions, including indicating when a vehicle is braking, signaling a turn, or driving with the headlights on. Sidelights are low-intensity lights that increase the vehicle's visibility when parked, particularly at night. Interior automotive lighting has evolved from a basic functional necessity to a crucial aspect of enhancing vehicle aesthetics and ambiance. Modern vehicles now feature sophisticated interior lighting systems that facilitate visibility and contribute to comfort and personalization. Interior lighting includes a dashboard that refers to a vehicle's interior area where various control and information panels are located, including the instrument panel. Dome lights are designed to provide general illumination for the vehicle's interior, making it easier for passengers to see and move around in the dark.

Sales Channel: Aftermarket automotive lighting products providing customization or cost-effective options

Aftermarket automotive lighting products cater to customers who seek customization, enhancements, or replacements for their vehicles' lighting systems. Aftermarket lighting products serve as replacements for damaged or aging OEM components. They also offer upgraded options for those seeking improved lighting performance, such as brighter headlights or LED conversions. Original equipment manufacturers (OEM) automotive lighting primarily targets customers who prefer genuine vehicle parts directly from the manufacturer or authorized dealerships. OEMs provide the original lighting components that are integrated into vehicles during the manufacturing process. These components are designed to meet safety and performance standards and to fit the vehicle's design seamlessly.

Vehicle Type: Rising usage of automotive lighting in passenger vehicles

Commercial vehicles require robust and efficient lighting solutions that cater to specific use case scenarios, such as long-haul transportation, delivery services, and construction projects. The need-based preferences for commercial vehicles often revolve around durability, long life span, energy efficiency, and high-visibility performance in various weather conditions. Passenger vehicles demand a more refined approach toward automotive lighting solutions, prioritizing aesthetics, functionality, and safety. The critical preferences within this segment include sleek design elements, color temperature customization options, and seamless integration with the vehicle's overall design. Commercial vehicle lighting solutions prioritize durability and efficiency due to the demanding nature of their usage scenarios. Alternatively, passenger Vehicle lighting solutions emphasize aesthetic appeal and advanced features that align with modern car designs.

Regional Insights

The Americas represent a significant market for automotive lighting due to the adoption of energy-efficient, advanced lighting technologies and stringent government regulations related to vehicle safety and environmental concerns. A growing demand for LED and adaptive headlights for enhanced visibility is increasing the deployment of automotive lighting in the region. Manufacturers in the Americas focus on R&D investments to develop innovative solutions catering to consumer preferences. The European Union (EU) countries also play a crucial role in the automotive lighting market, with a notable shift towards intelligent light systems incorporating adaptive driving beams and matrix LED technology. The EU legislation encourages reductions in CO2 emissions by promoting energy-saving technologies, including LED lights. Rapid urbanization and economic growth in the Middle East region have increased automobile sales. Governments are introducing stringent safety regulations to reduce road accidents, which result in higher demand for advanced automotive lighting products. However, limited automotive sales and production and lower consumer expenses towards the premium automotive category potentially hinder market growth in the African regions. In Asia Pacific, high vehicle production rates, soaring demand for passenger cars, and increasing focus on green initiatives and electric vehicles (EVs) have significantly contributed to the growth of the automotive lighting market.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Automotive Lighting Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Automotive Lighting Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Automotive Lighting Market, highlighting leading vendors and their innovative profiles. These include Automotive Custom Lighting, Continental AG, Denso Corporation, Federal-Mogul Corporation, Gentex Corporation, Hella KGaA Hueck & Co., Hyundai Mobis Co. Ltd., Ichikoh Industries, Ltd., Infineon Technologies AG, Intertek Group PLC, Koito Manufacturing Co., Ltd., Koninklijke Philips N.V., Lumileds Holding B.V., Magneti Marelli S.p.A., NXP Semiconductors N.V., OLEDWorks LLC, Osram Licht AG, Renesas Electronics Corporation, Robert Bosch Gmbh, ROHM CO., LTD., SABIC, Samsung Electronics Co., Ltd., Stanley Electric Co., Ltd., Ta Yih Industrial Co.,Ltd., Texas Instruments Incorporated, Valeo S.A., and Zizala Lichtsysteme Gmbh.

Market Segmentation & Coverage

This research report categorizes the Automotive Lighting Market to forecast the revenues and analyze trends in each of the following sub-markets:

Technology
- Halogen
- LED
- Xenon or HID

Type
- Exterior Lighting
  - Centre High-Mount Stop Light
  - Day Time Running Lights
  - Fog Lights
  - Headlights
  - Sidelights
  - Taillights

Interior Lighting
- Dashboard
- Dome Lights
- Glovebox
- Reading Lights

Sales Channel
- Aftermarket Products
- Original Equipment Manufacturers

Vehicle Type
- Commercial Vehicle
- Passenger Vehicle

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Automotive Lighting Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Automotive Lighting Market?

3. What are the technology trends and regulatory frameworks in the Automotive Lighting Market?

4. What is the market share of the leading vendors in the Automotive Lighting Market?

5. Which modes and strategic moves are suitable for entering the Automotive Lighting Market?

Product Code: MRR-374DB5A0707A

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Significant growth in production and sales of automobiles
  - 5.1.1.2. Rising consumer preferance toward lightings of different intensities and colors
  - 5.1.1.3. Strict government regulations for better safety and visibility on the road
- 5.1.2. Restraints
  - 5.1.2.1. Fluctuating costs of raw materials used in automotive lighting
- 5.1.3. Opportunities
  - 5.1.3.1. Technological advancements to increase life and color durability of automotive lighting
  - 5.1.3.2. Surging demand for electric and premium vehicle categories worldwide
- 5.1.4. Challenges
  - 5.1.4.1. Technical limitations and penetration of counterfeit products
5.2. Market Segmentation Analysis
- 5.2.1. Technology: Growing preference for LED lights due to their energy efficiency properties
- 5.2.2. Type: Adoption of exterior lighting for improved road safety and vehicle recognition
- 5.2.3. Sales Channel: Aftermarket automotive lighting products providing customization or cost-effective options
- 5.2.4. Vehicle Type: Rising usage of automotive lighting in passenger vehicles
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Automotive Lighting Market, by Technology

6.1. Introduction
6.2. Halogen
6.3. LED
6.4. Xenon or HID

7. Automotive Lighting Market, by Type

7.1. Introduction
7.2. Exterior Lighting
7.3. Interior Lighting

8. Automotive Lighting Market, by Sales Channel

8.1. Introduction
8.2. Aftermarket Products
8.3. Original Equipment Manufacturers

9. Automotive Lighting Market, by Vehicle Type

9.1. Introduction
9.2. Commercial Vehicle
9.3. Passenger Vehicle

10. Americas Automotive Lighting Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Automotive Lighting Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Automotive Lighting Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. ams OSRAM Opens New Era of Dynamic Interior Automotive Lighting With Launch of Intelligent RGB LED
- 13.3.2. Lumax Auto Technologies Signs Pact to Acquire Majority Stake in IAC International Automotive India
- 13.3.3. Motherson Partners with Valeo to Develop Automotive Interior Lighting Systems
13.4. Strategy Analysis & Recommendation

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio