Automotive Lighting Market to Grow at a CAGR of 3.3% to reach US$ 40.41 Billion from 2019 to 2027

report image

Automotive Lighting Market to 2027 - Global Analysis and Forecasts By Technology (Halogen, LED, Xenon, and Laser); Application (Headlamp, Rear Lighting, Interior Lighting, CHMSL, Fog Lamps, and Small Lamps); Vehicle Type (Passenger Cars, LCV, and MCV & HCV)

Publication Month: Feb 2020 | Report Code: TIPRE00005243 | No. of Pages: 168 | Category: Automotive and Transportation | Status: Published

The automotive lighting market was valued at US$ 30.50 Bn in 2018 and is expected to grow at a CAGR of 3.3% from 2019 to 2027 to reach US$ 40.41 Bn by 2027.

The automotive lighting market has witnessed eminent growth in the last couple of years globally. A handful of companies have ventured into the manufacturing of lighting systems, and therefore, it is a consolidated market with very few players. The automotive product lighting is aimed at eliminating the hassles associated with the blinding of oncoming traffic by high beam light of an individual vehicle. In Europe, the region has a robust automotive industry, which plays a significant role in boosting the growth of related automotive products. In this region as well, rules and regulations are formulated to ensure road safety of both driver and passenger. Since 2011, the DLRs are compulsory for all small delivery vans and modern cars; buses and trucks followed in August 2012. Under this, the vehicles which were produced before implantation of this rule have to be retrofitted. On the other hand, APAC is expected to be the region experiencing enormous opportunities for automotive manufacturers as well as providers of automotive lightings. South Korea, China, Japan, and India are some of the major countries which have a strong foothold in the Asian market.

Lucrative Regional Automotive Lighting Markets

Lucrative Regional Automotive Lighting Market

Get more information on this report :


Market Insights

Stringent government regulations for automotive lighting

Vehicle lighting systems are gaining high traction worldwide. The car manufacturers need to ensure that their products, and ultimately the car parts, comply with various regulations to meet the international standards, which ensures the safety of drivers and passengers. ECE R98/99 for the headlamps with gas-discharge lamps, ECE R112 for the headlamps with asymmetric low beam, 76/761/EEC and ECE R1 and R2 for headlamps with high and low beam bulbs are among the standards set for automotive lightings. Such stringent regulatory environment regarding lightings is increasing consumer confidence in vehicles manufacturers, which is boosting their vehicle sales, thus fueling the automotive market growth

Application Insights

Based on application, the automotive lighting market is segmented into headlamp, rear lighting, interior lighting, CHMSL, fog lamps, and small lamps. An efficient lighting system enhances driver safety and offers an aesthetic car look. The automotive lighting providers’ offers range of lights which are ideal for side, front, and signaling applications. In automotive, varied types of the headlight are fixed such as projector headlights, factory headlights, sealed beam headlights, switchback headlights, euro headlights, and more. When it comes to select ideal headlight, LED headlights are preferred more due to their 80% more efficiency, brightness & lifespan is five times more than halogen and easy installation in trucks & SUVs.

Technology Insights

The selection of lights for vehicle headlights are done on the basis of performance, price, safety and lifespan of lights. With the adoption of automotive lights, the vehicle drivers might witness a whiter and brighter headlight on the road with reducing fame of traditional halogen headlights. The LEDs is anticipated to be the fastest growing technology in the automotive lighting market in 2018. The LEDs deliver optimum visibility and are proficient in illuminating precise areas of the road with high beam devoid of dazzling other road users or oncoming traffic.

Global Automotive Lighting Market, by Application – 2018 & 2027

Global Automotive Lighting Market

Get more information on this report :

Vehicle Type Insights

The automotive lighting market, by vehicle type, is segmented into passenger car, LCV, and MCV & HCV. The passenger car segment captured dominating share in the global automotive lighting market. As per OICA, nearly 70 Mn units of passenger cars were produced in 2018. Passenger car segment undergo substantial technological advancements year on year, owing to changing consumer interests, emergence of new technologies, and government rules and regulation related to reduction in emission. More the procurement of passenger cars, more is the demand for automotive lighting.

Strategic Insights

Report Coverage - Automotive Lighting Market
Report CoverageDetails
Market Size Value inUS$ 30.50 Billion in 2018
Market Size Value byUS$ 40.41 Billion by 2027
Growth rateCAGR of 3.3% from 2019-2027
Forecast Period2019-2027
Base Year2019
No. of Pages168
No. of Tables75
No. of Charts & Figures74
Historical data availableYes
Segments coveredTechnology ; Application ; Vehicle Type
Regional scopeNorth America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scopeUS, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
Free Sample Copy Available

Market initiative and new development strategies are commonly adopted by companies to expand their footprint worldwide and meet the growing demand. These strategies are mostly observed in Europe and APAC. The players present in the automotive lighting market adopt the strategy of expansion and investment in research and development to enlarge customer base across the world, which also permits the players to maintain their brand name globally.

Automotive Lighting Market - By Technology

  • Halogen
  • LED
  • Xenon
  • Laser

Automotive Lighting Market - By Vehicle Type

  • Passenger Car
  • LCV
  • MCV & HCV

Automotive Lighting Market - By Application

  • Headlamp
  • Rear Lighting
  • Interior Lighting
  • Small Lamps
  • Fog Lamps

Automotive Lighting Market - By Geography

  • North America

    • US
    • Canada
    • Mexico
  • Europe

    • France
    • Germany
    • Italy
    • UK
    • Russia
    • Rest of Europe
  • Asia Pacific

    • China
    • India
    • South Korea
    • Japan
    • Rest of Asia Pacific
  • Middle East & Africa

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

    • Brazil
    • Argentina
    • Rest of South America

Company Profiles

  • Automotive Lighting LLC
  • Hella GmbH & Co. KGaA
  • Koito Manufacturing Co., Ltd.
  • Lumileds Holding BV
  • Osram Continental GmbH
  • SL Corporation
  • Stanley Electric Co. Ltd.
  • Tungsram
  • Valeo SA
  • Varroc Group

Frequently Asked Questions

The economy of the region is performing well due to numerous technological and infrastructural developments. The region has a strong automotive sector, which is supported by growing automotive manufacturing industry in countries such as India, China, and South Korea. Countries such as India, China, South Korea, and Japan are among the leading vehicle manufacturing countries across the world. The higher number of automobiles on the road demands higher production of vehicles and thus present large potentials for vehicle lighting manufacturers to expand their business base in APAC.
Automakers have been increasingly looking for lightweight automotive components that enhance fuel-efficiency and performance of vehicles. The LED lighting used in automobiles is lightweight compared to the traditional filament-based headlamps. LED lamps are usually cooler and smaller, and consume lesser energy compared to standard automotive lamps. And thus gaining high traction in the market.
Headlamps dominated the automotive lighting market in 2018. When it comes to select ideal headlight, LED headlights are preferred more due to their 80% more efficiency, brightness & lifespan is five times more than halogen and easy installation in trucks & SUVs.

The List of Companies - Automotive Lighting Market

  1. Automotive Lighting LLC
  2. Hella GmbH & Co. KGaA
  3. Koito Manufacturing Co., Ltd.
  4. Lumileds Holding BV
  5. Osram Continental GmbH
  6. SL Corporation
  7. Stanley Electric Co. Ltd.
  8. Tungsram
  9. Valeo SA
  10. Varroc Group
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global automotive lighting market.

  • Highlights key business priorities in order to assist companies to realign their business strategies.

  • The key findings and recommendations highlight crucial progressive industry trends in the global automotive lighting market, thereby allowing players across the value chain to develop effective long-term strategies.

  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.
Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Get the Latest COVID-19 Analysis on this market


Have a Question?

Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.

Speak to Analyst
  • $3000 $2700
  • $4550 $3640
  • $6550 $5240
  • $8550 $6840

Sample PDF showcases the content structure and the nature of the information included in the report which presents a qualitative and quantitative analysis.

    Inquire for Discount