Global Automotive Lighting Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2026

Automotive Lighting Market Report offers in-depth insights, revenue details, and other vital information regarding the global automotive lighting market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027.

The Automotive Lighting Market report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.

The global automotive lighting market report has been segmented on the basis of technology, vehicle type, application, and region.

This report is based on the synthesis, analysis, and interpretation of information gathered regarding the target market from various sources.

Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market.

In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in the future.

Automotive Lighting Market Overview:

The Automotive Lighting Market was valued at $24 million in 2020 & is projected to reach $34 million by 2030. It is expected to grow at a 5% CAGR between 2021 and 2030.

Automotive lighting is the signaling device that is integrated into the interior and exterior parts of the vehicle.

In interior parts, lights are integrated into dashboards and sidewall lights whereas in exterior parts lights are integrated into headlights, fog lights, taillights, turn indicators, and parking lights.

These lights increase the visibility of the vehicle and increase the visibility in darkness and bad weather conditions.

Continuous development in the automotive industry and focus on efficiency of lighting are some of the driving factors of the global automotive lighting market.

The global market has witnessed the advent of incandescent lamps, halogen lamps, and xenon lamps owing to technological innovations and developments. In addition, factors such as increasing vehicle production globally and rising concerns about vehicle safety triggered by government regulations are fuelling the target market.

Recent trend shows that manufacturers have significantly minimized energy consumption by using LED and adaptive lighting technologies.

In addition, the lighting system manufacturers in China are rapidly making progress in making vehicles technologically advanced by developing advanced technologies such as Daylight Running Lights (DRLs) and many are using standard LEDs for the DRL products.

However, the high cost of the lighting product act as a restraint on the global automotive lighting market.

Geography-wise, the Asia Pacific market accounts for a major share of the global automotive lighting market, due to increased manufacturing, sales, and export activities, especially in China, India, Japan, and Korea. Rapid expansion in industrialization and technological advancements in the automotive production sector is fuelling the market in this region.

In addition, the presence of major automotive producers, such as Hyundai, Kia Motors, and SsangYong Motors, accounts for high growth in the above-mentioned country.

According to the report published by Organisation Internationale des Constructeurs d’Automobiles (OICA) analysis, in 2016, around 24.37 million units of passenger cars were sold in China up from 21.21 million units in 2015. Moreover, 2.967 million units and 4.15 million units of passenger cars were sold in India and Japan, respectively in 2016.

The introduction of government regulations, such as ECE regulations, by the European Commission on the manufacturing of automotive & general lighting products to control the environmental effects and low chemical use, promotes the utilization of modern lighting technology.

Also, NHTSA (National Highway Transportation Safety Administration) has issued new compliance orders which state that trailer trucks that are 80-inch wide or above must have ID lamps fixed (mounted) over the rear door, even if the space available is less than one inch.

Global Automotive Lighting Market Segmentation:

Segmentation on the basis of Technology:

• Halogen
• Xenon/HID (High-Intensity Discharge)
• LED (Light Emission Diode)

Segmentation on the basis of Vehicle type:

• Commercial vehicle
• Passenger vehicle

Segmentation on the basis of Application:

• Front Light
• Fog Light
• Rear Light
• Side Light
• Interior Light

Segmentation on the basis of Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa