Report Overview

Automotive Lighting Market- Industry Trends & Forecast Report 2028

The automotive lighting market was worth USD 28.4 billion in 2021 and is further projected to reach USD 43.8 billion by 2028. The market is flourishing owing to the expanding automobile production worldwide due to increasing sales along with rapid development and innovations in lighting technology. Furthermore, stringent government regulations towards road and driver safety also play a crucial factor in propelling the automotive lighting market.

Automotive Lighting - Overview

The automotive lighting system is lights that are mounted on the vehicle’s body in different directions that provide illumination of the road to the vehicle. It also enhances the vehicle’s visibility, allowing other bodies on the road to see the vehicle and track its direction, position, and size. The standards of most countries allow vehicles to have a white or yellow light for frontward, amber light for sideward and all turn signals, and red lights for rearward, except for certain emergency vehicles.

Global Automotive Lighting Market Forecast and Trends

Growth Drivers

Expanding Automobile Production Worldwide

Automobile production worldwide is increasing at a high rate mainly because of the increasing disposable income of the consumers and the rising need for mobility. The leading automobile brands are already investing in expanding their production output to meet the surging demand. Furthermore, the emergence of electric cars and other vehicles that are available at a lower cost compared to fuel vehicles and need low maintenance is anticipated to provide lucrative opportunities to the market in the forecast period.

Technological Advancements in Automotive Lighting

With expanding scope of automotive lighting and increasing competition due to the presence of both multinationals as well as startups. Therefore, the automotive lighting companies significantly invest in R&D activities to innovate their offerings. For instance, OLEDWorks, a leading US-based manufacturer of premium OLED lighting technology for automotive, has recently developed a new OLED technology for rear automotive lighting applications with higher brightness and 10 times more segments, which is to be showcased at CES in Las Vegas. Such kind of developments is projected to drive the market growth in the forecast period.

Restraints

Shortage of Integrated Circuits

The integrated circuit or IC is one of the major components in an LED light that provides brightness control and backlighting color control. However, restrictions on the operations in the electronics industry during COVID-19 created a huge shortage of ICs in the market. Furthermore, the sudden surge in the demand for electronic items and shortage of IC created a huge demand and supply gap, which is hindering the growth of the automotive lighting market.

Impact of COVID-19 on Automotive Lighting Market

The entire automotive market was among the worst affected industries in the world due to the COVID-19 pandemic. All the operations related to automobiles including manufacturing of automobiles and their components, assimilation, distribution, and supply were completely hindered due to restrictions on operations as well as imports and exports. These factors directly influenced the growth of the automotive lighting market as well, incurring huge losses to the manufacturers. And although the market is predicted to recover in the forecast period its pace will be slow due to lower consumer demand for automobiles.

Automotive Lighting Market - By Type

Based on type, the automotive lighting market is segmented into front adaptive lighting, rear adaptive lighting, and ambient lighting. The front adaptive lighting holds the largest market share. This segment is further classified into auto on/off, bending/cornering lights, high beam assist, and headlight leveling. According to UN ECE Regulations, the front adaptive lights should allow illumination for drivers to see road signs, pedestrians, hazards, etc., along with preventing glare for oncoming drivers.

Automotive Lighting Market - By Vehicle Type

Based on vehicle type, the automotive lighting market is segmented into passenger cars, light commercial vehicles, trucks, buses, and others. The passenger car vehicle segment accounts for the largest market share. According to Worldometer, it is estimated that over 1 billion passenger cars are running on roads in the world, as of March 2018. With increasing global production and demand for passenger cars due to rising disposable income, the demand for automotive lighting in this vehicle type is projected to surge in the forecast period.

Automotive Lighting Market - Regional Insights

Geographically, the automotive lighting market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. Europe dominates the automotive lighting market owing to the high concentration of leading automobile manufacturers in this region including BMW, Volvo Cars, Ford, Toyota Europe, Ferrari, Renault, etc. These automobile brands include both passengers as well as luxury carmakers, which is significantly fueling the demand for automotive lighting. However, the Asia-Pacific region is projected to witness the highest CAGR during the forecast period.

Competitive Landscape

The leading market players of the automotive lighting market are Koito Manufacturing Co. Ltd., Zizala Lichtsysteme, Stanley Electric Co. Ltd, Koninklijke Philips N.V., Valeo Group, Osram, Magneti Marelli SpA, Lumax Industries, HELLA KGaA Hueck & Co., Hyundai Mobis, Tungsram, DENSO Corporation, Ichikoh Industries, Ltd., General Electric Company, Ltd., and other prominent players.

The market is highly competitive due to the presence of several global brands such as Phillips, Hyundai, etc. However, regional players are also emerging with expanding market potential. The companies offer a wide range of products that suit the requirements of different automobile brands and types. They also focus on improving their distribution channels to increase their product penetration and often establish partnerships with automobile manufacturers to boost their sales. The adoption of other market strategies such as mergers, acquisitions, collaborations, joint ventures, etc., is also prominent in this market.

Recent Development

• In January 2022, UK Automotive Products, a British auto parts supplier, announced to have added J.W. Speaker as its newest LED lighting partner and will offer a wide range of products including signal, combination, work, warning, etc.
• In November 2021, Allegro MicroSystems, Inc., a US-based sensing and power solutions provider, announced two new offerings for advanced driver assistance system (ADAS) applications to enable smooth high/low/high beam transitions in a single integrated circuit (IC).

Scope of the Report

By Type

• Front Adaptive Lighting

1. Auto On/Off
2. Bending/Cornering Lights
3. High Beam Assist
4. Headlight Leveling

• Rear Adaptive Lighting
• Ambient Lighting

By Vehicle Type

• Passenger Car
• Light Commercial Vehicle
• Truck
• Bus
• Others

By Technology

• Halogen
• LED
• Xenon/HID

By Application

• Exterior Lighting

1. Headlight
2. Fog Light
3. Daytime Running Light
4. Tail Light
5. Others

• Interior Lighting

1. Dashboard Light
2. Glove Box Light
3. Reading Light
4. Dome Light

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Key Market Segments
2. Research Methodology
   1. Qualitative Research
   2. Methodology
   3. Regional Split of Primary & Secondary Research
   4. Secondary Research
   5. Primary Research
      1. Breakdown of Primary Research Respondents, By Region
      2. Breakdown of Primary Research Respondents, By Industry Participants
   6. Market Size Estimation
   7. Assumptions for the Study
   8. Market Breakdown & Data Triangulation
3. Executive Summary
4. Industry Insight and Growth Strategy
   1. Value Chain Analysis
   2. DROC Analysis
      1. Market Drivers
         1. Expanding Automobile Production Worldwide
         2. Technological Advancements in Automotive Lighting
      2. Market Restraints
         1. Shortage of Integrated Circuits
      3. Market Challenges
         1. Negative Impact of the COVID-19 Pandemic
      4. Market Opportunity
         1. Emerging Automotive Lighting Startups
         2. High Demand for LEDs Lighting
   3. Recent Developments
   4. Porter’s Five Forces Analysis
      1. Bargaining Power of Buyers
      2. Bargaining Power of Suppliers
      3. Intensity of Rivalry
      4. Threat of New Entrants
      5. Threat of Substitutes
5. Automotive Lighting Market Overview
   1. Market Size & Forecast by Value, 2018-2028
   2. Market Size and Forecast, By Segment
      1. By Type
         1. Front Adaptive Lighting
            1. Auto On/Off
            2. Bending/Cornering Lights
            3. High Beam Assist
            4. Headlight Leveling
         2. Rear Adaptive Lighting
         3. Ambient Lighting
      2. By Vehicle Type
         1. Passenger Car
         2. Light Commercial Vehicle
         3. Truck
         4. Bus
         5. Others
      3. By Technology
         1. Halogen
         2. LED
         3. Xenon/HID
      4. By Application
         1. Exterior Lighting
            1. Headlight
            2. Fog Light
            3. Daytime Running Light
            4. Tail Light
            5. Others
         2. Interior Lighting
            1. Dashboard Light
            2. Glove Box Light
            3. Reading Light
            4. Dome Light
      5. By Region
         1. North America
         2. Europe
         3. Asia-Pacific
         4. Latin America
         5. Middle East & Africa
6. North America Automotive Lighting Market Overview
   1. Market Size and Forecast
      1. By Value (USD Billion), 2018-2022
   2. Market Share and Forecast
      1. By Type
      2. By Vehicle Type
      3. By Technology
      4. By Application
      5. By Country
         1. U.S.
         2. Canada
7. Europe Automotive Lighting Market Overview
   1. Market Size and Forecast
      1. By Value (USD Billion), 2018-2022
   2. Market Share and Forecast
      1. By Type
      2. By Vehicle Type
      3. By Technology
      4. By Application
      5. By Country
         1. Germany
         2. U.K.
         3. Russia
         4. France
         5. Italy
         6. Spain
         7. Rest of Europe
8. APAC Automotive Lighting Market Overview
   1. Market Size and Forecast
      1. By Value (USD Billion), 2018-2022
   2. Market Share and Forecast
      1. By Type
      2. By Vehicle Type
      3. By Technology
      4. By Application
      5. By Country
         1. China
         2. India
         3. Japan
         4. South Korea
         5. Rest of APAC
9. LATAM Automotive Lighting Market Overview
   1. Market Size and Forecast
      1. By Value (USD Billion), 2018-2022
   2. Market Share and Forecast
      1. By Type
      2. By Vehicle Type
      3. By Technology
      4. By Application
      5. By Country
         1. Mexico
         2. Brazil
         3. Rest of LATAM
10. MEA Automotive Lighting Market Overview
    1. Market Size and Forecast
       1. By Value (USD Billion), 2018-2022
    2. Market Share and Forecast
    3. By Type
    4. By Vehicle Type
    5. By Technology
    6. By Application
    7. By Country
       1. Saudi Arabia
       2. UAE
       3. South Africa
       4. Rest of MEA
11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share Analysis (2021)
    3. Competitive Benchmarking by Operating Parameters
12. Impact of COVID-19 on Automotive Lighting Market
13. Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
    1. Koito Manufacturing Co. Ltd
    2. Zizala Lichtsysteme
    3. Stanley Electric Co. Ltd
    4. Koninklijke Philips N.V.
    5. Valeo Group
    6. Osram
    7. Magneti Marelli SpA
    8. Lumax Industries
    9. HELLA KGaA Hueck & Co.
    10. Hyundai Mobis
    11. Tungsram
    12. DENSO Corporation
    13. Chikoh Industries, Ltd.
    14. General Electric Company, Ltd.
    15. Other Prominent Players
14. Key Strategic Recommendations

List of Figures

Figure 1: Automotive Lighting Market Segmentation

Figure 2: Automotive Lighting Market Value Chain Analysis,

Figure 3: Company Market Share Analysis, 2021

Figure 4: Automotive Lighting Market Size, By Value (USD Billion), 2018-2028

Figure 5: Automotive Lighting Market Share (%), By Type, By Value, 2018-2028

Figure 6: Automotive Lighting Market Share (%), By Vehicle Type, By Value, 2018-2028

Figure 7: Automotive Lighting Market Share (%), By Technology, By Value, 2018-2028

Figure 8: Automotive Lighting Market Share (%), By Application, By Value, 2018-2028

Figure 9: Automotive Lighting Market Share (%), By Region, By Value, 2018-2028

Figure 10: North America Automotive Lighting Market Size, By Value (USD Billion), 2018-2028

Figure 11: North America Automotive Lighting Market Share (%), By Type, By Value, 2018-2028

Figure 12: North America Automotive Lighting Market Share (%), By Vehicle Type, By Value, 2018-2028

Figure 13: North America Automotive Lighting Market Share (%), By Technology, By Value, 2018-2028

Figure 14: North America Automotive Lighting Market Share (%), By Application, By Value, 2018-2028

Figure 15: North America Automotive Lighting Market Share (%), By Country, By Value, 2018-2028

Figure 16: Europe Automotive Lighting Market Size, By Value (USD Billion), 2018-2028

Figure 17: Europe Automotive Lighting Market Share (%), By Type, By Value, 2018-2028

Figure 18: Europe Automotive Lighting Market Share (%), By Vehicle Type, By Value, 2018-2028

Figure 19: Europe Automotive Lighting Market Share (%), By Technology, By Value, 2018-2028

Figure 20: Europe Automotive Lighting Market Share (%), by Application, By Value, 2018-2028

Figure 21: Europe Automotive Lighting Market Share (%), By Country, By Value, 2018-2028

Figure 22: Asia-Pacific Automotive Lighting Market Size, By Value (USD Billion), 2018-2028

Figure 23: Asia-Pacific Automotive Lighting Market Share (%), By Type, By Value, 2018-2028

Figure 24: Asia-Pacific Automotive Lighting Market Share (%), By Vehicle Type, By Value, 2018-2028

Figure 25: Asia-Pacific Automotive Lighting Market Share (%), By Technology, By Value, 2018-2028

Figure 26: Asia-Pacific Automotive Lighting Market Share (%), By Application, By Value, 2018-2028

Figure 27: Asia-Pacific Automotive Lighting Market Share (%), By Country, By Value, 2018-2028

Figure 28: Latin America Automotive Lighting Market Size, By Value (USD Billion), 2018-2028

Figure 29: Latin America Automotive Lighting Market Share (%), By Type, By Value, 2018-2028

Figure 30: Latin America Automotive Lighting Market Share (%), By Vehicle Type, By Value, 2018-2028

Figure 31: Latin America Automotive Lighting Market Share (%), By Technology, By Value, 2018-2028

Figure 32: Latin America Automotive Lighting Market Share (%), By Application, By Value, 2018-2028

Figure 33: Latin America Automotive Lighting Market Share (%), By Country, By Value, 2018-2028

Figure 34: Middle East & Africa Automotive Lighting Market Size, By Value (USD Billion), 2018-2028

Figure 35: Middle East & Africa Automotive Lighting Market Share (%), By Type, By Value, 2018-2028

Figure 36: Middle East & Africa Automotive Lighting Market Share (%), By Vehicle Type, By Value, 2018-2028

Figure 37: Middle East & Africa Automotive Lighting Market Share (%), By Technology, By Value, 2018-2028

Figure 38: Middle East & Africa Automotive Lighting Market Share (%), By Application, By Value, 2018-2028

Figure 39: Middle East & Africa Automotive Lighting Market Share (%), By Region, By Value, 2018-2028

List of Tables

Table 1: Automotive Lighting Market Size, By Type, By Value, 2018-2028

Table 2: Automotive Lighting Market Size, By Vehicle Type, By Value (USD Billion), 2018-2028

Table 3: Automotive Lighting Market Size, By Technology, By Value (USD Billion), 2018-2028

Table 4: Automotive Lighting Market Size, By Application, By Value (USD Billion), 2018-2028

Table 5: Automotive Lighting Market Size, By Region, By Value (USD Billion), 2018-2028

Table 6: North America Automotive Lighting Market Size, By Type, By Value (USD Billion), 2018-2028

Table 7: North America Automotive Lighting Market Size, By Vehicle Type, By Value (USD Billion), 2018-2028

Table 8: North America Automotive Lighting Market Size, By Technology, By Value (USD Billion), 2018-2028

Table 9: North America Automotive Lighting Market Size, By Application, By Value (USD Billion), 2018-2028,

Table 10: Europe Automotive Lighting Market Size, By Type, By Value (USD Billion), 2018-2028

Table 11: Europe Automotive Lighting Market Size, By Vehicle Type, By Value (USD Billion), 2018-2028

Table 12: Europe Automotive Lighting Market Size, By Technology, By Value (USD Billion), 2018-2028

Table 13: Europe Automotive Lighting Market Size, By Application, By Value (USD Billion), 2018-2028

Table 14: the Asia-Pacific Automotive Lighting Market Size, By Type, By Value (USD Billion), 2018-2028

Table 15: the Asia-Pacific Automotive Lighting Market Size, By Vehicle Type, By Value (USD Billion), 2018-2028

Table 16: the Asia-Pacific Automotive Lighting Market Size, By Technology, By Value (USD Billion), 2018-2028

Table 17: the Asia-Pacific Automotive Lighting Market Size, By Application, By Value (USD Billion), 2018-2028

Table 18: Latin America Automotive Lighting Market Size, By Type, By Value (USD Billion), 2018-2028

Table 19: Latin America Automotive Lighting Market Size, By Vehicle Type, By Value (USD Billion), 2018-2028

Table 20: Latin America Automotive Lighting Market Size, By Technology, By Value (USD Billion), 2018-2028

Table 21: Latin America Automotive Lighting Market Size, By Application, By Value (USD Billion), 2018-2028

Table 22: The Middle-East & Africa Automotive Lighting Market Size, By Type, By Value (USD Billion), 2018-2028

Table 23: The Middle-East & Africa Automotive Lighting Market Size, By Vehicle Type, By Value (USD Billion), 2018-2028

Table 24: The Middle-East & Africa Automotive Lighting Market Size, By Technology, By Value (USD Billion), 2018-2028

Table 25: The Middle-East & Africa Automotive Lighting Market Size, By Application, By Value (USD Billion), 2018-2028

Table 26: Koito Manufacturing Co. Ltd Financial Analysis

Table 27: Koito Manufacturing Co. Ltd Business Overview

Table 28: Zizala Lichtsysteme Financial Analysis

Table 29: Zizala Lichtsysteme Business Overview

Table 30: Stanley Electric Co. Ltd Corporation Financial Analysis

Table 31: Stanley Electric Co. Ltd Corporation Business Overview

Table 32: Koninklijke Philips N.V. Financial Analysis

Table 33: Koninklijke Philips N.V. Business Overview

Table 34: Valeo Group Financial Analysis

Table 35: Valeo Group Business Overview

Table 36: Osram Financial Analysis

Table 37: Osram Business Overview

Table 38: Magneti Marelli SpA Financial Analysis

Table 39: Magneti Marelli SpA Business Overview

Table 40: Lumax Industries Financial Analysis

Table 41: Lumax Industries  Business Overview

Table 42: HELLA KGaA Hueck & Co. Financial Analysis

Table 43: HELLA KGaA Hueck & Co. Business Overview

Table 44: Hyundai Mobis Financial Analysis

Table 45: Hyundai Mobis Business Overview

Table 46: Tungsram Financial Analysis

Table 47: Tungsram Financial Analysis

Table 48: DENSO Corporation Financial Analysis

Table 49: DENSO Corporation Business Overview

Table 50: Chikoh Industries, Ltd. Financial Analysis

Table 51: Chikoh Industries, Ltd. Business Overview

Table 52: General Electric Company, Ltd. Financial Analysis

Table 53: General Electric Company, Ltd. Business Overview