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Pulished Date February, 2020
ID: 8731
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Automotive Lighting Market Segmentation By Technology (Halogen, Xenon/HID, LED), By Vehicle Type (Passenger Vehicle, Commercial Vehicle), By Application (Front/Headlamps, Rear Lighting, Side, Interior Lighting), By Product Sale (Original Equipment Manufacturers (OEMs), Aftermarket Products) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2020-2025.

Pulished: February, 2020
ID: 8731
Pages: 175

Market Overview:

The global automotive lighting market is predicted to be USD 32,103 million in 2019 and is anticipated to achieve USD 48,132 million by 2027, at a CAGR of 5.2%.

Lighting plays a prominent role in vehicles to provide support for the drivers in dark or harsh environment conditions. These lighting systems also help other commuters to detect the position, direction of movement, and size of the opposite vehicles. Apart from adding appealing looks to the vehicle, it also adds safety and security feature to a automobile. It includes lighting and signalling devices. These lighting devices are mounted on different locations within the vehicle like front, rear, top, and interiors.

This growth is particularly driven by the rising need for vehicles, growing concerns regarding safety, rising interest for advanced technologies, and the high purchasing power of customers. Advanced technologies such as adaptive lighting systems and other driver assistance systems are supporting automotive makers to enhance the general safety and efficiency of the vehicle.

Recent Developments:

The Nobel Prize-winning brightening researcher has gone through the previous five years building up a laser-based lighting framework. His organization, SLD Laser, says the new structure is multiple times more brilliant than the present LED lights, fit for enlightening articles a kilometre away while utilizing less force than any present innovation.

Magneti Marelli said it will grandstand its cutting edge contributions at CES 2019 in Las Vegas on January to address the necessities of self-sufficient driving and availability with a wide scope of smart, smoothed out and profoundly coordinated lighting and hardware arrangements.

OLED innovation achieves totally new structure choices for light sources and increases tremendous enthusiasm among clients in the car business. OLEDs are level light sources that accomplish greater homogeneity and can be steplessly and exclusively darkened.

Drivers and Restraints of Automotive lighting:

Drivers:

An increase in income, improved lifestyle, and changing preferences of consumers has positively impacted the sales of premium cars across the world. Laws or regulations don't mandate many of the driving force assistance features like Blind Spot Detection (BSD), Lane Departure Warning (LDW), Adaptive control (ACC), and Forward Collision Warning System (FCWS). Moreover, a number of the premium car manufacturers are targeting these features to take care of their position within the market, resulting in healthy competition between automobile manufacturers. Car segments like SUV-D, and SUV-E are now equipped with many premium features.

Restraints:

The high cost of LED lights may be a key concern for the global automotive lighting market. Halogen and Xenon/HID, which were used earlier, became less fashionable the introduction of latest technologies. Halogen lights have the main disadvantage of heating and energy-wasting, whereas Xenon light is more complex and requires a while to realize full brightness. The LED, on the opposite hand, is little and allows great manipulation for various shapes and styles. It consumes less energy and emits a brighter light than halogen. Moreover, as LED is costlier than other technologies, the utilization of LED is confined to high-end or premium vehicles. The high cost of LED is often attributed to its high cost. Materials like Indium gallium nitride, Aluminium gallium indium phosphide, and Aluminium gallium arsenide are the main cost incurring substrates for manufacturers.

However, LEDs are used with a projector as compared with conventional lights that required reflectors. Projector headlights are costlier than reflector headlights and need more room within the vehicle. While the utilization of LED in automotive is currently low, it's expected to extend within the coming years, which successively would help reduce its price.

Market Segmentation:

By Technology

  • Halogen
  • Xenon/HID
  • LED

LED is estimated to be the most important and fastest-growing segment of the global automotive lighting market from 2020 to 2025. The expansion of this technology is often attributed to the inclusion of adaptive features like automatic on/off and beam assist within the passenger vehicle segment. These characteristics are suitable to use in LED headlights. Also, LED consumes lesser energy as compared to halogen lights. Hence, a growing number of passenger vehicles are now provided with LED lighting technology.

By Vehicle Type

  • Passenger Vehicle
  • Commercial Vehicle

The increasing adoption of passenger cars provides the freedom of mobility to various places like offices, hospital, remote areas, etc. becoming an integral part of human lifestyle. Moreover, in past years, with technological advancements and growing income of customers, their interest and expenditure also raised resulting in increased spending on safety, comfort and classy features within the vehicle. However, to fulfill the market interest, the automotive industry is sizeable to investing in new automotive technologies and potentially strong product areas to draw in target consumers.

By Application

  • Front/Headlamps
  • Rear Lighting
  • Side
  • Interior Lighting

By Product Sale

  • Original Equipment Manufacturers (OEMs)
  • Aftermarket Products

Automotive lighting Market Region wise analysis:

Marked Segmentation based on the region:

  1. North America
    1. U.S
    2. Canada
  2. Europe
    1. Norway
    2. Germany
    3. Sweden
  3. Asia Pacific
    1. China
    2. India
    3. Japan
  4. Latin America
    1. Brazil
    2. Mexico
    3. Argentina
  5. Middle East and Africa

a. Middle East

b. Africa

The Asia Pacific automotive lighting market is predicted to grow at the quickest rate during the foreseen phase. Leading OEMs are that specialize in enhancing their presence in China and India, given the large potential of the automotive market in these countries. Because of the raised production of passenger vehicles within the area, Asia Pacific is projected to continue its share of 44.0% market from 2019.

Key Players of Market:

  • General Electric Co.
  • Hella KGaA Hueck & Co
  • Hyundai Mobis
  • Ichikoh Industries Ltd
  • Magneti Marelli S.p.A
  • OSRAM Licht Group
  • Royal Phillips Electronics
  • Samsung Electronics Co., Ltd
  • Stanley Electric Co. Ltd
  • Valeo SA
  • Zizala Lichtsysteme GmbH
  • Koito Manufacturing Co. LTD

1. Introduction                                

               1.1 Market Definition                    

               1.2 Study Deliverables                  

               1.3 Base Currency, Base Year and Forecast Periods                          

               1.4 General Study Assumptions                 

2. Research Methodology                                          

               2.1 Introduction                             

               2.2 Research Phases                      

                              2.2.1 Secondary Research           

                              2.2.2 Primary Research 

                              2.2.3 Econometric Modelling      

                              2.2.4 Expert Validation  

               2.3 Analysis Design                        

               2.4 Study Timeline                         

3. Overview                                     

               3.1 Executive Summary                

               3.2 Key Inferences                         

               3.3 Epidemiology                            

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

               4.1 Market Drivers                         

               4.2 Market Restraints                   

               4.3 Key Challenges                         

               4.4 Current Opportunities in the Market               

5. Market Segmentation                                            

               5.1 By Technology                         

                              5.1.1 Introduction           

                              5.1.2 LED            

                              5.1.3 Halogen   

                              5.1.4 Xenon       

                              5.1.5  Y-o-Y Growth Analysis, By Technology       

                              5.1.6  Market Attractiveness Analysis, By Technology      

                              5.1.7  Market Share Analysis, By Technology       

               5.2 By Vehicle Type                       

                              5.2.1 Introduction           

                              5.2.2 Passenger Car        

                              5.2.3 Commercial Vehicles          

                              5.2.4 Two-Wheelers       

                              5.2.5 Y-o-Y Growth Analysis, By Vehicle Type      

                              5.2.6 Market Attractiveness Analysis, By Vehicle Type     

                              5.2.7 Market Share Analysis, By TVehicle Typeype            

               5.3 By Application                          

                              5.3.1 Introduction           

                              5.3.2 Front Lighting/Headlamps 

                              5.3.3 Rear Lightingt        

                              5.3.4 Interior Lighting    

                              5.3.5 Side Lighting          

                              5.3.6 Y-o-Y Growth Analysis, By Application         

                              5.3.7  Market Attractiveness Analysis, By Application      

                              5.3.8  Market Share Analysis, By Application       

6. Geographical Analysis                                            

               6.1 Introduction                             

                              6.1.1 Regional Trends    

                              6.1.2 Impact Analysis     

                              6.1.3 Y-o-Y Growth Analysis        

                                             6.1.3.1 By Geographical Area

                                             6.1.3.2 By Technology

                                             6.1.3.3 By Vehicle Type

                                             6.1.3.4 By Application

                              6.1.4  Market Attractiveness Analysis      

                                             6.1.4.1 By Geographical Area

                                             6.1.4.2 By Technology

                                             6.1.4.3 By Vehicle Type

                                             6.1.4.4 By Application

                              6.1.5  Market Share Analysis       

                                             6.1.5.1 By Geographical Area

                                             6.1.5.2 By Technology

                                             6.1.5.3 By Vehicle Type

                                             6.1.5.4 By Application

               6.2 North America                         

                              6.1.1 Introduction           

                              6.1.2 United States         

                              6.1.3 Canada     

               6.3 Europe                        

                              6.2.1 Introduction           

                              6.2.2 U.K            

                              6.2.3 Spain         

                              6.2.4 Germany  

                              6.2.5 Italy           

                              6.2.6 France      

               6.4 Asia-Pacific                

                              6.3.1 Introduction           

                              6.3.2 China        

                              6.3.3 India         

                              6.3.4 Japan        

                              6.3.5 Australia   

                              6.3.6 South Korea           

               6.5 Latin America                           

                              6.4.1 Introduction           

                              6.4.2 Brazil         

                              6.4.3 Argentina 

                              6.4.4 Mexico     

                              6.4.5 Rest of Latin America          

               6.6 Middle East & Africa              

                              6.5.1 Introduction           

                              6.5.2 Middle-East           

                              6.5.3 Africa        

7. Strategic Analysis                                      

               7.1 PESTLE analysis                        

                              7.1.1 Political    

                              7.1.2 Economic 

                              7.1.3 Social        

                              7.1.4 Technological        

                              7.1.5 Legal         

                              7.1.6 Environmental       

               7.2 Porter’s Five analysis                             

                              7.2.1 Bargaining Power of Suppliers         

                              7.2.2 Bargaining Power of Consumers     

                              7.2.3 Threat of New Entrants      

                              7.2.4 Threat of Substitute Products and Services

                              7.2.5 Competitive Rivalry within the Industry      

8. Market Leaders' Analysis                                       

               8.1 Hella                            

                              8.1.1 Overview 

                              8.1.2 Product Analysis   

                              8.1.3 Financial analysis  

                              8.1.4 Recent Developments        

                              8.1.5 SWOT analysis       

                              8.1.6 Analyst View          

               8.2 Marelli                        

               8.3 Osram                         

               8.4 Valeo                           

               8.5 Continential               

               8.6 Philips                          

               8.7 Bosch                          

               8.8 Varroc                         

               8.9 Hyundai Mobis                         

               8.10 Koito                         

9. Competitive Landscape                                         

               9.1 Market share analysis                           

               9.2 Merger and Acquisition Analysis                       

               9.3 Agreements, Collaborations, and Joint Ventures                          

               9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                          

               a) List of Tables                

               b) List of Figures                            

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms by type, by application, by material, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Automotive Lighting Market Market By Region, From 2020-2025 ( USD Billion )
  2. Global Automotive Lighting Market Market By Technology, From 2020-2025 ( USD Billion )
  3. Global LED Market By Region, From 2020-2025 ( USD Billion )
  4. Global Halogen Market By Region, From 2020-2025 ( USD Billion )
  5. Global Xenon Market By Region, From 2020-2025 ( USD Billion )
  6. Global Automotive Lighting Market Market By Vehicle Type, From 2020-2025 ( USD Billion )
  7. Global Passenger Cars Market By Region, From 2020-2025 ( USD Billion )
  8. Global Commercial Vehicles Market By Region, From 2020-2025 ( USD Billion )
  9. Global Two-Wheelers Market By Region, From 2020-2025 ( USD Billion )
  10. Global Automotive Lighting Market Market By By Application, From 2020-2025 ( USD Billion )
  11. Global Front Lighting/Headlamps Market By Region, From 2020-2025 ( USD Billion )
  12. Global Rear Lighting Market By Region, From 2020-2025 ( USD Billion )
  13. Global Interior Lighting Market By Region, From 2020-2025 ( USD Billion )
  14. Global Side Lighting Market By Region, From 2020-2025 ( USD Billion )

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