Automotive Intelligent Lighting Market Size, Trends, Growth to 2027

Automotive Intelligent Lighting Market to 2027 - Global Analysis and Forecasts By Technology (LED Matrix and Laser); Type of Lights (Adaptive Headlight and Intelligent Ambient Lighting); and Vehicle Type (Passenger Cars and Commercial Vehicles)

Publication Month : Jul 2019

  • Report Code : TIPRE00004622
  • Category : Automotive and Transportation
  • Status : Published
  • No. of Pages : 148
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[Research Report] The global automotive intelligent lighting market is estimated to account US$ 3.22 Bn in 2018 and is expected to grow at a CAGR of 12.4% during the forecast period 2018 - 2027, to account to US$ 8.70 Bn by 2027.

Geographically, Europe holds the largest automotive intelligent lighting market share, owing to rapid technological developments, numerous investments, and supportive Government policies in the European countries. However, North America automotive intelligent lighting market is projected to grow with the highest growth rate during the forecast period. One of the major factors that has led to the development of automotive lighting solutions is the increasing accidents and fatalities observed in North America while driving in the dark. As per the data from NHTSA, close to 50% of the driver fatalities and approximately 70% of the pedestrian deaths have occurred during dark driving times. While, the urban roads and highways in the North American region are equipped with robust overhead lighting infrastructures, the other rural roads are not that sophisticated enough. The absence of proper illumination on the rural North American roads have been the major cause for accidents. This as a result has positively impacted automotive intelligent lighting market

Europe holds the highest market share in the automotive intelligent lighting market. The primary reason for the growth of automotive intelligent lighting market is the governments of the region are EU is the leading producer of motor vehicles and several premium automotive manufacturers are based in the region. Furthermore, the automotive sector of the region represents the largest private investor in R&D as well as it receives support from the government such as funds for R&D. Moreover, around 300 vehicle assembly and manufacturing facilities are located in around 26 countries across the region. The Europepan government focuses on various inititative such as CARS 2020 Action Plan, GEAR 2030 etc. Also, Horizon 2020 by EU focuses on providing funds for R&D on automotive by launching programs such as European Green Vehicles Initiative and programs on 'Road Transport', 'ICT for Smart Mobility', 'Factories of the Future' and 'Logistic. For instance, in 2018, Tungsram announced its partnership with the government of Hungary, with this partnership the company serves its products to domestic and international clients, higher education actors, SME partners, and municipalities. Thus, acts as an independent company. These market initiatives and strategic contracts are expected to continue during the forecast period, contributing to the high growth of automotive intelligent lighting market in the region.

Lucrative Regional Automotive Intelligent Lighting Market

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Automotive Intelligent Lighting Market Insights

Growing demands for LED automotive exterior lighting

The front light and rear lights form the major share in the automotive lighting. Automakers have been increasingly looking for integrations of lightweight automotive components that enhance the fuel efficiency and performance of the vehicle. The LED lighting used in the automobiles of today is lightweight as compared to the traditional filament-based headlamps. This helps in enhancement of fuel-efficiency of the vehicle and automotive performance. LED lamps are usually cooler, smaller, and consume lesser energy as compared to the standard automotive lamps. They also offer safety and comfort for the vehicle drivers and occupants. LED light source used in the headlights allows drivers to have a proper and better view of the road contours, better road anticipation power and thereby good reaction time for taking a decision.

Convergence of Connected Cars

Developed internet infrastructure, advances in semiconductors technology, availability of high definition displays are all on a path to completely transform the automotive industry. Driver telematics, in-vehicle infotainment systems, Advanced Driver Assistance Systems (ADAS) are already being rolled out in the market and are rapidly gaining widespread popularity. As far as the future of this industry is concerned, vehicle with Wi-F,  vehicle-to-vehicle communications that would enable complete communication between cars on the road and exchange safety data such as traffic conditions, weather conditions and real-time location services , advanced infotainment systems and applications are anticipated to converge.

Type of Lights Insights

The automotive intelligent lighting market by type of light is segmented into adaptive headlights and intelligent ambient lighting. The adaptive headlights are high beams lights which have various application for different situations and thus delivers better visibility farther down the road as well as along narrow, and curvy roads. The adaptive headlights are designed in such a way that it adjusts their brightness with respect to varying driving conditions. These factors resulted in the steady growth of automotive intelligent lighting market.

Vehicle Type Insights

The automotive intelligent Lightingare integrated in number of vehicle types such as passenger cars and commercial vehicles. The automotive intelligent lighting systems are majorly adopted by segement E and segment F passenger cars owing to the high manufacturing price point. Few of the commercial vehicle manufacturers such as VOLVO and Scania have also started integration of these inteeligent lighting system in some of their trucks. Thus, these factors are driving the adoptions of these automotive intelligent lighting across various vehicle types.

Asia Pacific Automotive Intelligent Lighting Market by Type of Lights

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Automotive Intelligent Lighting Market: Strategic Insights

automotive-intelligent-lighting-market
Market Size Value inUS$ 3.22 Billion in 2018
Market Size Value byUS$ 8.70 Billion by 2027
Growth rateCAGR of 12.4% from 2019-2027
Forecast Period2019-2027
Base Year2019
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Some of the market initiatives were observed to be most adopted strategy in the global automotive intelligent lighting market. Few of the recent market initiatives are listed below:

2019:OSRAM Continental announced the opening of new facility in Guadalajara, Mexico. Through this new facility the company will focus majorly on research and development (R&D) activities to support business and make its strong foothold in the Americas region.
2018:Lumileds announced LUXEON IR family which is integrated in automotive for sensing applications. The LUXEON IR is integrated both for exterior and interior automotive applications, which includes Gesture control, Driver Monitoring Systems, and Night Vision.
2018:Koito announced its investment of about US$ 5.5 Mn for the upgradation of its factory in Fujian Province to expand its foot print across China and boost the headlight output capacity by 20%.
2017:Automotive Lighting LLC by signing a joint venture with Changchun Fudi Equipment Technology Development Co. LTD. (FUDI), announced the inauguration of its new plant in in Changchun.  This new facility is fully dedicated for the production of LED headlights and rear light.

GLOBAL AUTOMOTIVE INTELLIGENT LIGHTING MARKET SEGMENTATION


Global Automotive Intelligent Lighting Market – By Technology

  • LED Matrix
  • Laser

Global Automotive Intelligent Lighting Market – By Type of Lights

  • Adaptive Headlight
  • Intelligent Ambient Lighting

Global Automotive Intelligent Lighting Market – By Vehicle Type

  • Passenger Cars
  • Commercial Vehicles

Global Automotive Intelligent Lighting Market – By Geography

  • North America

    • U.S.
    • Canada
    • Mexico
  • Europe

    • France
    • Germany
    • Italy
    • UK
    • Russia
    • Rest of Europe
  • Asia Pacific (APAC)

    • China
    • India
    • Japan
    • South Korea
    • Rest of APAC
  • Middle EAST & Africa (MEA)

    • South Africa
    • Rest of Middle East & Africa
  • South America

    • Brazil
    • Argentina
    • Rest of SAM 

Global Automotive Intelligent Lighting Market - Company Profiles

  • Automotive Lighting LLC
  • HELLA GmbH & Co. KGaA
  • Koito Manufacturing Co., Ltd.
  • Lumileds Holding B.V.
  • OSRAM Continental GmbH
  • Robert Bosch GmbH
  • SL Corporation
  • Tungsram
  • Valeo SA
  • Varroc Group
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Technology ; Type of Lights ; and Vehicle Type

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina

The List of Companies

  1. Automotive Lighting LLC
  2. HELLA GmbH & Co. KGaA
  3. Koito Manufacturing Co., Ltd.
  4. Lumileds Holding B.V.
  5. OSRAM Continental GmbH
  6. Robert Bosch GmbH
  7. SL Corporation
  8. Tungsram
  9. Valeo SA
  10. Varroc Group

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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