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NEW YORK, Jan. 9, 2023 /PRNewswire/ — Technavio categorizes the global automotive lighting market as a part of the global automotive components and accessories market. The global automotive components and accessories; market covers companies engaged in the production of parts and accessories for automobiles like passenger cars (PCs), electric vehicles (EVs), commercial vehicles (CVs), heavy-duty vehicles, off-road vehicles, motorcycles, scooters, quad bikes, and three-wheelers. The global automotive lighting market size is estimated to increase by USD 14,415.24 million. The market’s growth momentum will progress at a CAGR of 9.79%. Discover some insights on market size before buying the full report – Request a sample report
Global automotive lighting market – Customer landscape
To help companies evaluate and develop growth strategies, the report outlines –
Key purchase criteria
Global automotive lighting market – Vendor analysis
Vendor Landscape – The global automotive lighting market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer automotive lighting in the market are FLEX N GATE Corp, General Electric Co., Hyundai Motor Group, Koito Manufacturing Co. Ltd, Koninklijke Philips NV, Lumax Industries Ltd., Marelli Holdings Co Ltd, Namyung Lighting Co. Ltd, NXP Semiconductors NV, Samsung Electronics Co. Ltd., Seoul Semiconductor Co. Ltd., Stanley Electric Co. Ltd., Stellantis NV, Suprajit Engineering Ltd., Varroc Engineering Ltd, OSRAM GmbH, Robert Bosch GmbH, Valeo SA, Continental AG, and LG Corp. and others. The global automotive lighting market is at its growing stage. This implies that the market in focus is characterized by increasing demand for effective interior lighting, a rise in penetration of LED lighting, and stringent regulations on road safety. Vendor offerings –
Koito Manufacturing Co. Ltd: The company offers automotive lighting such as 9005. Koninklijke Philips NV: The company offers automotive lighting such as LED Headlamps, Discharge Headlamps, and Halogen Headlamps. Lumax Industries Ltd.: The company offers automotive lighting such as DiamondVision, WhiteVision Ultra, and Ultinon Pro5000 LED. Marelli Holdings Co Ltd: The company offers automotive lighting such as miniature lasers, micro-electrical mechanical systems, organic light diodes, and specialized LED. For Details on the vendor and its offerings – Buy the report! Global automotive lighting market – Segmentation assessment
Segment overview
Technavio has segmented the market based on type (passenger cars and commercial vehicles), end-user (OEM and aftermarket), and geography (APAC, Europe, North America, South America, and Middle East and Africa). The market share growth of the passenger segment will be higher than the other segments during the forecast period. The market for interior vehicle lighting is primarily driven by the rise in demand for luxury cars, particularly in developing nations, as well as technology advancements and improvements to vehicle safety. Market expansion is anticipated to be boosted by the combination of these lighting systems with infotainment systems and ambient lighting as brand differentiators. The growing popularity of sport utility vehicles (SUVs) among consumers will be the main factor driving the passenger cars sector of the global automotive lighting market during the projected period. Geography overview
By geography, the global automotive lighting market is segmented into APAC, Europe, North America, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global automotive lighting market. APAC will account for 58% of the market’s growth during the forecast period. Due to the rising demand for LED lighting systems and increased auto production in the region, the APAC automotive lighting market will expand gradually during the projected period. Governmental incentives and the development of an EV charging infrastructure are also boosting the demand for these vehicles in the area. The region is predicted to adopt strict emission standards due to the growing concern about the use of diesel-powered vehicles, which is expected to increase demand for EVs in APAC. Global automotive lighting market – Market dynamics
Leading drivers – The rise in penetration of LED lighting is notably driving the automotive lighting market growth. Technological advancements lead to enabling features like glare-free adaptive driving beams (ADB), which improve the performance of LED lighting systems in the car industry. These features help drivers recognize and locate other roadways, particularly at night. Such advancements in headlamp-related LED lighting technology have significantly fueled the development of LED lighting technology in the luxury automotive market. Vendors are anticipated to experience significant growth due to the rising adoption of LED technology in mid-range and luxury automobiles. Key trends – The development of autonomous vehicles is a major trend in the automotive lighting market. The market adoption of semi-autonomous features in passenger and commercial cars has increased due to various campaigns and promotions. By the end of the forecast period, self-driving cars may be a reality, and in ten years, a sizable number of them are projected to be on the road. Additionally, automakers can only demonstrate vehicle distinctiveness by including unique features. As a result, the requirement for interior lighting is being driven by the increase in electronic content per vehicle. Major challenges – Stringent regulations governing automotive lighting technologies impede the growth of the automotive lighting market. To increase energy efficiency, nations all around the world have imposed the phase-out of incandescent light bulbs or halogen illumination. Even manufacturers of automotive LED lamps are subjected to legal and government regulations. Companies must abide by laws governing business, antitrust, patents, consumer rights, taxes, foreign exchange, environmental protection, recycling, and safety. Most nations either adhere to the SAE standards or have their own federal laws regulating the automotive lighting industry. The financial state of the companies and their market performances may suffer as a result of changes to these restrictions. CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the automotive lighting market between 2023 and 2027
Precise estimation of the size of the automotive lighting market and its contribution to the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the automotive lighting market across APAC, Europe, North America, South America, and Middle East and Africa
A thorough analysis of the market’s competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of automotive lighting market vendors
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Key companies profiled
FLEX N GATE Corp, General Electric Co., Hyundai Motor Group, Koito Manufacturing Co. Ltd, Koninklijke Philips NV, Lumax Industries Ltd., Marelli Holdings Co Ltd, Namyung Lighting Co. Ltd, NXP Semiconductors NV, Samsung Electronics Co. Ltd., Seoul Semiconductor Co. Ltd., Stanley Electric Co. Ltd., Stellantis NV, Suprajit Engineering Ltd., Varroc Engineering Ltd, OSRAM GmbH, Robert Bosch GmbH, Valeo SA, Continental AG, and LG Corp.
Market dynamics
Parent Market Analysis; Market growth inducers and obstacles; Fast-growing and slow-growing segment analysis for the forecast period
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. Browse for Technavio ” Consumer Discretionary ” Research Reports
Table of Contents
Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
Exhibit 18: Historic Market Size – Data Table on Global automotive lighting market 2017 – 2021 ($ million)
4.2 Vehicle type Segment Analysis 2017 – 2021
Exhibit 19: Historic Market Size – Vehicle type Segment 2017 – 2021 ($ million)
4.3 End-user Segment Analysis 2017 – 2021
Exhibit 20: Historic Market Size – End-user Segment 2017 – 2021 ($ million)
4.4 Geography Segment Analysis 2017 – 2021
Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)
4.5 Country Segment Analysis 2017 – 2021
Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)
5 Five Forces Analysis
6 Market Segmentation by Vehicle Type
6.1 Market segments
Exhibit 31: Data Table on Vehicle Type – Market share 2022-2027 (%)
6.2 Comparison by Vehicle Type
Exhibit 32: Chart on Comparison by Vehicle Type
Exhibit 33: Data Table on Comparison by Vehicle Type
6.3 Passenger cars – Market size and forecast 2022-2027
Exhibit 34: Chart on Passenger cars – Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on Passenger cars – Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on Passenger cars – Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Passenger cars – Year-over-year growth 2022-2027 (%)
6.4 Commercial vehicles – Market size and forecast 2022-2027
Exhibit 38: Chart on Commercial vehicles – Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on Commercial vehicles – Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on Commercial vehicles – Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Commercial vehicles – Year-over-year growth 2022-2027 (%)
6.5 Market opportunity by Vehicle Type
Exhibit 42: Market opportunity by Vehicle Type ($ million)
7 Market Segmentation by End-user
7.1 Market segments
Exhibit 46: Data Table on Comparison by End-user
7.3 OEM – Market size and forecast 2022-2027
Exhibit 47: Chart on OEM – Market size and forecast 2022-2027 ($ million)
Exhibit 48: Data Table on OEM – Market size and forecast 2022-2027 ($ million)
Exhibit 49: Chart on OEM – Year-over-year growth 2022-2027 (%)
Exhibit 50: Data Table on OEM – Year-over-year growth 2022-2027 (%)
7.4 Aftermarket – Market size and forecast 2022-2027
Exhibit 51: Chart on Aftermarket – Market size and forecast 2022-2027 ($ million)
Exhibit 52: Data Table on Aftermarket – Market size and forecast 2022-2027 ($ million)
Exhibit 53: Chart on Aftermarket – Year-over-year growth 2022-2027 (%)
Exhibit 54: Data Table on Aftermarket – Year-over-year growth 2022-2027 (%)
7.5 Market opportunity by End-user
Exhibit 55: Market opportunity by End-user ($ million)
8 Customer Landscape
Exhibit 60: Data Table on Geographic comparison
9.3 APAC – Market size and forecast 2022-2027
Exhibit 61: Chart on APAC – Market size and forecast 2022-2027 ($ million)
Exhibit 62: Data Table on APAC – Market size and forecast 2022-2027 ($ million)
Exhibit 63: Chart on APAC – Year-over-year growth 2022-2027 (%)
Exhibit 64: Data Table on APAC – Year-over-year growth 2022-2027 (%)
9.4 Europe – Market size and forecast 2022-2027
Exhibit 65: Chart on Europe – Market size and forecast 2022-2027 ($ million)
Exhibit 66: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
Exhibit 67: Chart on Europe – Year-over-year growth 2022-2027 (%)
Exhibit 68: Data Table on Europe – Year-over-year growth 2022-2027 (%)
9.5 North America – Market size and forecast 2022-2027
Exhibit 69: Chart on North America – Market size and forecast 2022-2027 ($ million)
Exhibit 70: Data Table on North America – Market size and forecast 2022-2027 ($ million)
Exhibit 71: Chart on North America – Year-over-year growth 2022-2027 (%)
Exhibit 72: Data Table on North America – Year-over-year growth 2022-2027 (%)
9.6 South America – Market size and forecast 2022-2027
Exhibit 73: Chart on South America – Market size and forecast 2022-2027 ($ million)
Exhibit 74: Data Table on South America – Market size and forecast 2022-2027 ($ million)
Exhibit 75: Chart on South America – Year-over-year growth 2022-2027 (%)
Exhibit 76: Data Table on South America – Year-over-year growth 2022-2027 (%)
9.7 Middle East and Africa – Market size and forecast 2022-2027
Exhibit 77: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
Exhibit 78: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
Exhibit 79: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
Exhibit 80: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)
9.8 China – Market size and forecast 2022-2027
Exhibit 81: Chart on China – Market size and forecast 2022-2027 ($ million)
Exhibit 82: Data Table on China – Market size and forecast 2022-2027 ($ million)
Exhibit 83: Chart on China – Year-over-year growth 2022-2027 (%)
Exhibit 84: Data Table on China – Year-over-year growth 2022-2027 (%)
9.9 US – Market size and forecast 2022-2027
Exhibit 85: Chart on US – Market size and forecast 2022-2027 ($ million)
Exhibit 86: Data Table on US – Market size and forecast 2022-2027 ($ million)
Exhibit 87: Chart on US – Year-over-year growth 2022-2027 (%)
Exhibit 88: Data Table on US – Year-over-year growth 2022-2027 (%)
9.10 Japan – Market size and forecast 2022-2027
Exhibit 89: Chart on Japan – Market size and forecast 2022-2027 ($ million)
Exhibit 90: Data Table on Japan – Market size and forecast 2022-2027 ($ million)
Exhibit 91: Chart on Japan – Year-over-year growth 2022-2027 (%)
Exhibit 92: Data Table on Japan – Year-over-year growth 2022-2027 (%)
9.11 India – Market size and forecast 2022-2027
Exhibit 93: Chart on India – Market size and forecast 2022-2027 ($ million)
Exhibit 94: Data Table on India – Market size and forecast 2022-2027 ($ million)
Exhibit 95: Chart on India – Year-over-year growth 2022-2027 (%)
Exhibit 96: Data Table on India – Year-over-year growth 2022-2027 (%)
9.12 Germany – Market size and forecast 2022-2027
Exhibit 97: Chart on Germany – Market size and forecast 2022-2027 ($ million)
Exhibit 98: Data Table on Germany – Market size and forecast 2022-2027 ($ million)
Exhibit 99: Chart on Germany – Year-over-year growth 2022-2027 (%)
Exhibit 100: Data Table on Germany – Year-over-year growth 2022-2027 (%)
9.13 Market opportunity by geography
Exhibit 101: Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
10.1 Market drivers
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