Product Code: AMP1558SS
“The Asia-Pacific Next-Generation Automotive Lighting Market (excluding China) Expected to Reach $6.76 Billion by 2031.”
Introduction to Asia-Pacific (APAC) Next-Generation Automotive Lighting Market
The Asia-Pacific (APAC) next-generation automotive lighting market (excluding China) is projected to reach $6.76 billion by 2031 from $1.81 billion in 2022, growing at a CAGR of 15.77% during the forecast period 2022-2031. The APAC region is anticipated to experience significant growth in the next-generation automotive lighting market due to advancements in automotive lighting systems technology and the rising demand for luxury vehicles in the region.
Market Introduction
KEY MARKET STATISTICS |
Forecast Period | 2022 - 2031 |
2022 Evaluation | $1.81 Billion |
2031 Forecast | $6.76 Billion |
CAGR | 15.77% |
APAC next-generation automotive lighting market is expanding due to a number of factors, such as rising passenger car sales and production, an increase in the number of autonomous vehicles on the road, and the introduction of cutting-edge technologies.
Furthermore, it is projected that the adoption of next-generation automotive lighting systems will be fueled by growing concerns about safety as well as increased awareness of autonomous vehicles and advanced lighting systems worldwide. Nevertheless, increased cost concerns and rising raw material costs since the LED revolution are currently impeding the market's growth.
Market Segmentation:
Segmentation 1: by Vehicle Type
- Passenger Vehicles
- Commercial Vehicles
Segmentation 2: by End Market
Segmentation 3: by Product Type
- Adaptive Lighting
- Ambient Lighting
- Communicable Lighting
- Flexible Lighting
Segmentation 4: by Technology Type
Segmentation 5: by Country
- Japan
- India
- South Korea
- Rest-of-Asia-Pacific and Japan
How can this report add value to an organization?
Product/Innovation Strategy: The product segment helps the reader understand the different applications of the next-generation automotive lighting products available based on vehicle type, end market, product type, and technology type. Increasing demand for safety and aesthetics is pushing the consumption of next-generation automotive lighting. Therefore, the next-generation automotive lighting business is a high-investment and high-revenue generating model.
Growth/Marketing Strategy: The next-generation automotive lighting market is an exponentially growing market holding enormous opportunities for the market players. Some strategies covered in this segment are product launches, partnerships and collaborations, business expansions, and investments. The companies' preferred strategy has been product launches, partnerships, and collaborations to strengthen their positions in the Asia-Pacific next-generation automotive lighting market.
Competitive Strategy: Key players in the Asia-Pacific next-generation automotive lighting market analyzed and profiled in the study involve next-generation automotive lighting-based product manufacturers that provide raw or processed products. Moreover, a detailed competitive benchmarking of the players operating in the Asia-Pacific next-generation automotive lighting market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
Key Market Players and Competition Synopsis
The companies that are profiled have been selected based on inputs gathered from primary experts and analysing company coverage, product portfolio, and market penetration.
Some of the prominent names established in this market are:
- KOITO Manufacturing Co. Ltd.
- Hyundai Mobis Co., Ltd.
- Varroc Group
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- LG Innotek Co., Ltd.
- Stanley Electric Co., Ltd.
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Table of Contents
1 Markets
- 1.1 Industry Outlook
- 1.1.1 Trends: Industry Dynamics Defining the Future Trends in the Next-Generation Automotive Lighting Market
- 1.1.1.1 Flexible Organic Light-Emitting Diode (OLED)
- 1.1.1.2 Micro AFS LED Headlights
- 1.1.1.3 Human-Centric Lighting
- 1.1.1.4 Integration of LiDAR in Headlamps of Vehicles
- 1.1.1.5 Laser Light for Headlights
- 1.1.2 Supply Chain Network/MAP
- 1.1.3 Who Supplies Whom
- 1.1.4 Consortiums, Associations, and Regulatory Bodies
- 1.1.4.1 North America
- 1.1.4.2 Europe
- 1.1.4.3 Asia-Pacific
- 1.2 Business Dynamics
- 1.2.1 Business Drivers
- 1.2.1.1 Increase in Demand for Luxury Cars
- 1.2.1.2 Growing Popularity of Autonomous Vehicles
- 1.2.1.3 Stringent Safety Regulations for Lighting Systems
- 1.2.2 Business Restraints
- 1.2.2.1 Higher Cost Concerns with Next-Generation Automotive Lighting
- 1.2.2.2 Increase in Costs of Raw Materials Since LED Revolution
- 1.2.3 Business Strategies
- 1.2.3.1 Product Development
- 1.2.3.2 Market Development
- 1.2.4 Corporate Strategies
- 1.2.4.1 Mergers and Acquisitions
- 1.2.4.2 Partnerships, Joint Ventures, Collaborations, and Alliances
- 1.2.5 Business Opportunities
- 1.2.5.1 Development of Advanced Adaptive Driving Beam (AADB)
- 1.2.5.2 Advent of New Services for Automotive Lighting
- 1.3 Impact of COVID-19 on the industry
2 Regions
- 2.1 China
- 2.1.1 Market
- 2.1.1.1 Buyer Attributes
- 2.1.1.2 Key Manufacturers in China
- 2.1.1.3 Competitive Benchmarking
- 2.1.1.4 Business Challenges
- 2.1.1.5 Business Drivers
- 2.1.2 Application
- 2.1.2.1 China Next-Generation Automotive Lighting Market (by Vehicle Type), Value and Volume Data, 2021-2031
- 2.1.2.2 China Next-Generation Automotive Lighting Market (by End Market), Value and Volume Data, 2021-2031
- 2.1.3 Product
- 2.1.3.1 China Next-Generation Automotive Lighting Market (by Product Type), Value and Volume Data, 2021-2031
- 2.1.3.2 China Next-Generation Automotive Lighting Market (by Technology Type), Value and Volume Data, 2021-2031
- 2.2 Asia-Pacific and Japan
- 2.2.1 Market
- 2.2.1.1 Key Manufacturers in Asia-Pacific and Japan
- 2.2.1.2 Competitive Benchmarking
- 2.2.1.3 Business Challenges
- 2.2.1.4 Business Drivers
- 2.2.2 Application
- 2.2.2.1 Asia-Pacific and Japan Next-Generation Automotive Lighting Market (by Vehicle Type), Value and Volume Data, 2021-2031
- 2.2.2.2 Asia-Pacific and Japan Next-Generation Automotive Lighting Market (by End Market), Value and Volume Data, 2021-2031
- 2.2.3 Product
- 2.2.3.1 Asia-Pacific and Japan Next-Generation Automotive Lighting Market (by Product Type), Value and Volume Data, 2021-2031
- 2.2.3.2 Asia-Pacific and Japan Next-Generation Automotive Lighting Market (by Technology Type), Value and Volume Data, 2021-2031
- 2.2.4 Asia-Pacific and Japan: Country-Level Analysis
- 2.2.4.1 Japan
- 2.2.4.1.1 Market
- 2.2.4.1.1.1 Buyer Attributes
- 2.2.4.1.1.2 Key Manufacturers in Japan
- 2.2.4.1.1.3 Business Challenges
- 2.2.4.1.1.4 Business Drivers
- 2.2.4.1.2 Application
- 2.2.4.1.2.1 Japan Next-Generation Automotive Lighting Market (by Vehicle Type), Value and Volume Data, 2021-2031
- 2.2.4.1.2.2 Japan Next-Generation Automotive Lighting Market (by End Market), Value and Volume Data, 2021-2031
- 2.2.4.1.3 Product
- 2.2.4.1.3.1 Japan Next-Generation Automotive Lighting Market (by Product Type), Value and Volume Data, 2021-2031
- 2.2.4.1.3.2 Japan Next-Generation Automotive Lighting Market (by Technology Type), Value and Volume Data, 2021-2031
- 2.2.4.2 India
- 2.2.4.2.1 Market
- 2.2.4.2.1.1 Buyer Attributes
- 2.2.4.2.1.2 Key Manufacturers in India
- 2.2.4.2.1.3 Business Challenges
- 2.2.4.2.1.4 Business Drivers
- 2.2.4.2.2 Application
- 2.2.4.2.2.1 India Next-Generation Automotive Lighting Market (by Vehicle Type), Value and Volume Data, 2021-2031
- 2.2.4.2.2.2 India Next-Generation Automotive Lighting Market (by End Market), Value and Volume Data, 2021-2031
- 2.2.4.2.3 Product
- 2.2.4.2.3.1 India Next-Generation Automotive Lighting Market (by Product Type), Value and Volume Data, 2021-2031
- 2.2.4.2.3.2 India Next-Generation Automotive Lighting Market (by Technology Type), Value and Volume Data, 2021-2031
- 2.2.4.3 South Korea
- 2.2.4.3.1 Market
- 2.2.4.3.1.1 Buyer Attributes
- 2.2.4.3.1.2 Key Manufacturers in South Korea
- 2.2.4.3.1.3 Business Challenges
- 2.2.4.3.1.4 Business Drivers
- 2.2.4.3.2 Application
- 2.2.4.3.2.1 South Korea Next-Generation Automotive Lighting Market (by Vehicle Type), Value and Volume Data, 2021-2031
- 2.2.4.3.2.2 South Korea Next-Generation Automotive Lighting Market (by End Market), Value and Volume Data, 2021-2031
- 2.2.4.3.3 Product
- 2.2.4.3.3.1 South Korea Next-Generation Automotive Lighting Market (by Product Type), Value and Volume Data, 2021-2031
- 2.2.4.3.3.2 South Korea Next-Generation Automotive Lighting Market (by Technology Type), Value and Volume Data, 2021-2031
- 2.2.4.4 Rest-of-Asia-Pacific and Japan
- 2.2.4.4.1 Market
- 2.2.4.4.1.1 Buyer Attributes
- 2.2.4.4.1.2 Key Manufacturers in Rest-of-Asia-Pacific and Japan
- 2.2.4.4.1.3 Business Challenges
- 2.2.4.4.1.4 Business Drivers
- 2.2.4.4.2 Application
- 2.2.4.4.2.1 Rest-of-Asia-Pacific and Japan Next-Generation Automotive Lighting Market (by Vehicle Type), Value and Volume Data, 2021-2031
- 2.2.4.4.2.2 Rest-of-Asia-Pacific and Japan Next-Generation Automotive Lighting Market (by End Market), Value and Volume Data, 2021-2031
- 2.2.4.4.3 Product
- 2.2.4.4.3.1 Rest-of-Asia-Pacific and Japan Next-Generation Automotive Lighting Market (by Product Type), Value and Volume Data, 2021-2031
- 2.2.4.4.3.2 Rest-of-Asia-Pacific and Japan Next-Generation Automotive Lighting Market (by Technology Type), Value and Volume Data, 2021-2031
3 Markets - Competitive Benchmarking & Company Profiles
- 3.1 Competitive Benchmarking
- 3.2 Market Share Analysis
- 3.3 Product Matrix
- 3.4 Company Profiles
- 3.4.1 KOITO Manufacturing Co. Ltd.
- 3.4.1.1 Company Overview
- 3.4.1.1.1 Role of KOITO Manufacturing Co. Ltd. in the Next-Generation Automotive Lighting Market
- 3.4.1.1.2 Product Portfolio
- 3.4.1.2 Business Strategies
- 3.4.1.2.1 Product Development
- 3.4.1.3 Corporate Strategies
- 3.4.1.3.1 Mergers and Acquisitions
- 3.4.1.3.2 Partnerships, Joint Ventures, Collaborations, and Alliances
- 3.4.1.4 Patent Analysis
- 3.4.1.5 Production Sites and R&D Analysis
- 3.4.1.6 Analyst View
- 3.4.2 Hyundai Mobis Co., Ltd.
- 3.4.2.1 Company Overview
- 3.4.2.1.1 Role of Hyundai Mobis Co., Ltd. in the Next-Generation Automotive Lighting Market
- 3.4.2.1.2 Product Portfolio
- 3.4.2.2 Business Strategies
- 3.4.2.2.1 Product Development
- 3.4.2.2.2 Market Development
- 3.4.2.3 Patent Analysis
- 3.4.2.4 Production Sites and R&D Analysis
- 3.4.2.5 Analyst View
- 3.4.3 Varroc Group
- 3.4.3.1 Company Overview
- 3.4.3.1.1 Role of Varroc Group in the Next-Generation Automotive Lighting Market
- 3.4.3.1.2 Product Portfolio
- 3.4.3.2 Business Strategies
- 3.4.3.2.1 Market Development
- 3.4.3.3 Corporate Strategies
- 3.4.3.3.1 Partnerships, Joint Ventures, Collaborations, and Alliances
- 3.4.3.4 Patent Analysis
- 3.4.3.5 Production Sites and R&D Analysis
- 3.4.3.6 Analyst View
- 3.4.4 LG Innotek Co., Ltd.
- 3.4.4.1 Company Overview
- 3.4.4.1.1 Role of LG Innotek Co., Ltd. in the Next-Generation Automotive Lighting Market
- 3.4.4.1.2 Product Portfolio
- 3.4.4.2 Business Strategies
- 3.4.4.2.1 Product Development
- 3.4.4.3 Patent Analysis
- 3.4.4.4 Production Sites and R&D Analysis
- 3.4.4.5 Analyst View
- 3.4.5 Stanley Electric Co., Ltd.
- 3.4.5.1 Company Overview
- 3.4.5.1.1 Role of Stanley Electric Co., Ltd. in the Next-Generation Automotive Lighting Market
- 3.4.5.1.2 Product Portfolio
- 3.4.5.2 Business Strategies
- 3.4.5.2.1 Market Development
- 3.4.5.3 Patent Analysis
- 3.4.5.4 Production Sites and R&D Analysis
- 3.4.5.5 Analyst View
4 Research Methodology
- 4.1 Data Sources
- 4.1.1 Primary Data Sources
- 4.1.2 Secondary Data Sources
- 4.2 Data Triangulation
- 4.3 Market Estimation and Forecast
- 4.3.1 Factors for Data Prediction and Modeling