North America Automotive Lighting Market 2027 By Technology, Application, and Vehicle Type

North America Automotive Lighting Market to 2027 - Regional 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 : TIPRE00008910
  • Category : Automotive and Transportation
  • Status : Published
  • No. of Pages : 142
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The automotive lighting market in North America is expected to grow from US$ 5.53 Bn in 2018 to US$ 6.84 Bn by the year 2027. This represents a CAGR of 2.5% from the year 2019 to 2027.

The vehicle lighting system is capturing a significant share in the automotive industry. The modern automotive lighting is a new trend. Factors such as increasing technological advances in lighting, continuous increase in the production of the automotive, stringent environment of rules & standards are some of the factors which contribute heavily towards the growth of the market. The automotive light also improves the performance and security of both driver and passenger while providing a complex design to suit the appearance of a premium car. The device of automotive lighting, such as headlamps, is becoming complex, and thus, they need specific testing equipment to combine them with innovative technologies in a consistent manner. In this market, OSRAM, Valeo, Philips are some of the big players who provide a broad array of automotive lighting products.

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. For instance, automotive lightings marketed by HELLA GmbH comply with SAE regulations. The SAE International Lighting Standard Committee is a standardization body that is involved in developing standards for the benefits of drivers and passengers. Recently, the committee has published a standard J3069 for adaptive drive beam (ADB) headlamps, in which LD and LED light sources are used, and the beam is dynamically controlled. Stringent rules and regulations are expected to drive the growth of the automotive lighting market

Currently, the US is dominating the automotive lighting market in terms of installation, which in turn boosts the demand for the automotive lighting market in the region. The US has a strong automotive sector and is one of the major automotive manufacturing hubs across the world. The company has the presence of a few major automotive manufacturers such as Fiat, Ford, General Motors, and Tesla. Also, some of the world’s largest automotive manufacturers have their manufacturing facilities across different parts of the country. Vehicle production in the US is significantly high, which makes it an attractive market for automotive components and lighting solution suppliers. The figure given below highlights the revenue share of Mexico in the North America automotive lighting market in the forecast period:


Mexico Automotive lighting Market Revenue and Forecasts to 2027 (US$ Mn)

Mexico Automotive lighting Market
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NORTH AMERICA AUTOMOTIVE LIGHTING MARKET - SEGMENTATION


North America Automotive Lighting Market - By Service

  • Halogen
  • LED
  • Xenon
  • Laser


North America Automotive Lighting Market - By Application

  • Headlamp
  • Rear Lighting
  • Interior Lighting
  • CHMSL
  • Small  Lamps (DRL & Sidelights)
  • Fog Lamps


North America Automotive Lighting Market - By Vehicle Type

  • Passenger Car
  • LCV
  • MCV & HCV


North America Automotive Lighting Market - By Country

  • US
  • Canada
  • Mexico


North America Automotive Lighting Market - Companies Mentioned

  • 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
Report Coverage
Report Coverage

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

Segment Covered
Segment Covered

Technology, Application, Vehicle Type

Regional Scope
Regional Scope

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

Country Scope
Country Scope

US, Canada

The List of Companies - North America 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

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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