Lighting, which is an integral part of vehicles, plays a vital role in safety while driving. Car manufacturers offer a variety of lighting options to increase the visibility of the vehicle in adverse weather conditions like heavy rain, snowfall, storm, etc.
Europe automotive lighting market is projected to grow from USD 18.14 billion in 2019 to USD 21.63 billion by 2025, at a CAGR of 3.08% during the forecast period.
Increase in premium and SUV sales, and advancements in lighting technology are some of the major factors driving the growth of the automotive lighting market in Europe. Automakers are working hard to improve vehicle and passenger safety in night driving situations, as around 30% of all vehicle accidents happen at night. Car manufacturers are developing new lighting technologies and are focusing on the main lighting components, such as headlights.
Volkswagen has partnered with Hella to develop the IQ.LIGHT LED headlights. The new Touareg luxury SUV uses the IQ.LIGHT-LED Matrix and 256 LED matrix. It is also working on technology that projects a few red warning lines onto the road when a car is turning, allowing pedestrians to know where the danger zone is and likely eliminates the problem of accidents.
In June 2019, Hella proposed an integrated solution for complex lighting systems. The company's two business divisions, Lighting and Electronics, have worked closely to combine their product technologies into a flexible and modular product system. The headlight modules, the electrical control units and the sensors can be assembled according to the modular principle.
In April 2019, Hella signed a strategic cooperation agreement with Wuling Automotive Industry, which belongs to the Chinese group Guangxi Automobile. The two partners intended to work together on automotive lighting technologies for the Chinese market, focusing on the development of headlights for the volume segment.
In January 2019, Hella launched Shapeline lamps, work lights, auxiliary lamps, indicator lights and accessories. The company equipped an exhibition truck with lighting solutions developed for trucks and trailers.
Drivers and Restraints:
Factors such as the growing focus on road safety, the implementation of strict government regulations and the increase in automotive production are driving growth in the European automotive lighting market. The increasing demand for cars in developing countries should offer a remarkable growth opportunity for the players operating in this market.
The high cost of LEDs is expected to slow down the expansion in the automotive lighting market.
By Vehicle Type:
Depending on the type of vehicle, the Europe automotive lighting market is segmented in passenger cars, light commercial vehicles and heavy commercial vehicles. Among these, passenger cars represent the largest market share, followed by light commercial vehicles and heavy commercial vehicles. The segment growth is mainly due to the growing demand for passenger cars among a large population, the increase in per capita income in emerging countries and the expansion of global car manufacturers in new emerging markets.
On the basis of technology, Europe automotive lighting market is separated as halogen, LED and Xenon. Among these, the LED segment holds the prominent share, owing to the adoption of LED bulbs in the front and rear lights.
Based on the application, the Europe automotive lighting market is divided into headlights, taillights, sidelights, fog lights, rear lights and interior lights. In 2018, the headlight segment dominated the local market and is expected to be dominant throughout the forecast period. The main factor that has stimulated the development in this segment is the higher demand for passenger vehicles and the technological advances in the automotive industries.
Based on the end-user, the European automotive lighting market is segmented in OEM and aftersales. The OEM segment is expected to be dominant throughout the forecast period. Most car manufacturers buy car headlights directly from OEMs and then assemble them at car manufacturers. As a result, OEM represented the largest market share and will continue the same during the forecast period.
Europe is likely to experience significant growth in the global automotive lighting market due to new government-regulated emission standards. In Europe, Germany represents the largest market, followed by the United Kingdom and France. Germany is known primarily for its car manufacturers. The presence of several giants has boosted the German automotive lighting market, which in turn is stimulating the growth of this market in Europe.
The report also highlights some key actors operating in the automotive lighting market. The main companies presented in the report are Royal Philips NV, Ichikoh Industries Ltd., Magneti Marelli SPA, General Electric Company, Osram Licht AG, Valeo SA, Stanley Electric Co. Ltd., Zizala Lichtsysteme GMBH, Koito Manufacturing Co., Ltd. Hella KGaA, and Hueck & Co.
The research report highlights:
• Significant changes in market dynamics.
• Market segmentation in the second or third level.
• Historical market size, current and projected in terms of value and volume.
• Reports and evaluation of recent industry developments.
• Market shares and strategies of the main actors.
• Niche of emerging segments and regional markets.
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Automotive Lighting Market, By Technology
6.1.4 Market Size Estimations & Forecasts (2019-2024)
6.1.5 Y-o-Y Growth Rate Analysis
6.1.6 Market Attractiveness Index
6.2 Automotive Lighting Market, By Vehicle Type
6.2.1 Passenger Cars
6.2.2 Light Commercial Vehicles
6.2.3 Heavy Commercial Vehicles
6.2.4 Market Size Estimations & Forecasts (2019-2024)
6.2.5 Y-o-Y Growth Rate Analysis
6.2.6 Market Attractiveness Index
6.3 Automotive Lighting Market, By Application
6.3.4 Fog Lights
6.3.5 Rear Lights
6.3.6 Interior Lights
6.3.7 Market Size Estimations & Forecasts (2019-2024)
6.3.8 Y-o-Y Growth Rate Analysis
6.3.9 Market Attractiveness Index
6.4 Automotive Lighting Market, By End-User
6.4.3 Market Size Estimations & Forecasts (2019-2024)
6.4.4 Y-o-Y Growth Rate Analysis
6.4.5 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.2 By Technology
7.2.3 By Vehicle Type
7.2.4 By Application
7.2.5 By End-User
7.3.1 By Country
188.8.131.52 Rest of Europe
7.3.2 By Technology
7.3.3 By Vehicle Type
7.3.4 By Application
7.3.5 By End-User
7.4 Asia Pacific
7.4.1 By Country
184.108.40.206 South Korea
220.127.116.11 South East Asia
18.104.22.168 Australia & NZ
22.214.171.124 Rest of Asia-Pacific
7.4.2 By Technology
7.4.3 By Vehicle Type
7.4.4 By Application
7.4.5 By End-User
7.5 Latin America
7.5.1 By Country
126.96.36.199 Rest of Latin America
7.5.2 By Technology
7.5.3 By Vehicle Type
7.5.4 By Application
7.5.5 By End-User
7.6 Middle East and Africa
7.6.1 By Country
188.8.131.52 Middle East
7.6.2 By Technology
7.6.3 By Vehicle Type
7.6.4 By Application
7.6.5 By End-User
8. Key Player Analysis
8.1 Royal Philips NV
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 General Electric Company
8.3 Valeo SA
8.4 Hella KGaA
8.5 Magneti Marelli SPA
8.6 Ichikoh Industries Ltd
8.7 Osram Licht AG
8.8 Stanley Electric Co. Ltd
8.9 Koito Manufacturing Co. Ltd
8.10 Zizala Lichtsysteme GmbH
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures