Product Code: 978-1-68038-657-8
Automotive Lighting Market Growth & Trends:
The global automotive lighting market size is estimated to reach USD 48.73 billion in 2030, growing at a CAGR of 5.95% from 2024 to 2030, according to a new report by Grand View Research, Inc. Strict government policies and rising safety concerns are likely to propel growth over the forecast period. In addition, growing consumer awareness concerning the significance of adaptive lighting including dynamic bend light and a glare-free high beam is also expected to have a positive impact on the exterior lighting market.
Increasing apprehensions about using energy-efficient methods coupled with rising consumer disposable income are expected to drive the industry. In addition, growing demand for vehicles and technological advancements in the automotive industry is expected to propel utilization. Attractive growth opportunities for new entrants are expected in the industry owing to the growing number of total vehicles purchased y-o-y across BRIC nations. However, there is a need for legislative authorities to collaborate with light sourcing technology suppliers to develop flexible design techniques.
THE Automotive LED market is estimated to demonstrate considerable growth at a CAGR of over 12.0% from 2015 to 2022. Halogen lights contributed to over 66.0% of overall industry revenue in 2014, followed by LED and xenon. It has gained prominence on account of easy availability, low purchasing costs, and low replacement costs. However, rising fuel prices are expected to pose a threat to the industry.
Automotive Lighting Market Report Highlights:
- LED segment accounted for the largest market revenue share of 46.4% in 2023.
- Front lighting/headlamps accounted for the largest market revenue share in 2023. The evolution of vehicle design and styling has elevated the importance of headlamp aesthetics.
- Original Equipment Manufacturers (OEMs) accounted for the largest market revenue share in 2023. The increasing production and sales of vehicles globally directly contribute to OEMs' demand for automotive lighting systems.
- The passenger vehicle segment accounted for the largest market revenue share in 2023. The increasing consumer preference for aesthetically appealing and technologically advanced vehicles is boosting the demand for innovative lighting solutions in passenger vehicles.
- North America automotive lighting market dominated the market in 2023.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Automotive Lighting Market Variables, Trends, & Scope
- 3.1. Market Introduction/Lineage Outlook
- 3.2. Market Size and Growth Prospects (USD Million)
- 3.3. Industry Value Chain Analysis
- 3.4. Market Dynamics
- 3.4.1. Market Drivers Analysis
- 3.4.2. Market Restraints Analysis
- 3.4.3. Industry Opportunities
- 3.4.4. Industry Challenges
- 3.5. Automotive Lighting Market Analysis Tools
- 3.5.1. Porter's Analysis
- 3.5.1.1. Bargaining power of the suppliers
- 3.5.1.2. Bargaining power of the buyers
- 3.5.1.3. Threats of substitution
- 3.5.1.4. Threats from new entrants
- 3.5.1.5. Competitive rivalry
- 3.5.2. PESTEL Analysis
- 3.5.2.1. Political landscape
- 3.5.2.2. Economic and Social landscape
- 3.5.2.3. Technological landscape
- 3.5.2.4. Environmental landscape
- 3.5.2.5. Legal landscape
Chapter 4. Automotive Lighting Market: Application Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Automotive Lighting Market: Application Analysis, 2023 & 2030 (USD Million)
- 4.3. Front Lighting/Headlamps
- 4.3.1. Front Lighting/Headlamps Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4. Rear Lighting
- 4.4.1. Rear Lighting Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5. Side Lighting
- 4.5.1. Side Lighting Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.6. Interior Lighting
- 4.5.2. Interior Lighting Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Automotive Lighting Market: Technology Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Automotive Lighting Market: Technology Movement Analysis, 2023 & 2030 (USD Million)
- 5.3. Halogen
- 5.3.1. Halogen Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4. Xenon/HID
- 5.4.1. Xenon/HID Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.5. LED
- 5.5.1. LED Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Automotive Lighting Market: Sales Channel Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Automotive Lighting Market: Sales Channel Movement Analysis, 2023 & 2030 (USD Million)
- 6.3. Original Equipment Manufacturers
- 6.3.1. Original Equipment Manufacturers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4. Aftermarket
- 6.4.1. Aftermarket Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Automotive Lighting Market: Vehicle Estimates & Trend Analysis
- 7.1. Segment Dashboard
- 7.2. Automotive Lighting Market: Vehicle Movement Analysis, 2023 & 2030 (USD Million)
- 7.3. Passenger Vehicle
- 7.3.1. Passenger Vehicle Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4. Commercial Vehicle
- 7.4.1. Commercial Vehicle Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 8. Automotive Lighting Market: Regional Estimates & Trend Analysis
- 8.1. Automotive Lighting Market Share, By Region, 2023 & 2030, USD Million
- 8.2. North America
- 8.2.1. North America Automotive Lighting Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.2.2. U.S.
- 8.2.2.1. U.S. Automotive Lighting Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.2.3. Canada
- 8.2.3.1. Canada Automotive Lighting Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.2.4. Mexico
- 8.2.4.1. Mexico Automotive Lighting Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3. Europe
- 8.3.1. Europe Automotive Lighting Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.2. U.K.
- 8.3.2.1. U.K. Automotive Lighting Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.3. Germany
- 8.3.3.1. Germany Automotive Lighting Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.4. France
- 8.3.4.1. France Automotive Lighting Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4. Asia Pacific
- 8.4.1. Asia Pacific Automotive Lighting Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.2. China
- 8.4.2.1. China Automotive Lighting Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.3. Japan
- 8.4.3.1. Japan Automotive Lighting Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.4. India
- 8.4.4.1. India Automotive Lighting Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.5. South Korea
- 8.4.5.1. South Korea Automotive Lighting Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.6. Australia
- 8.4.6.1. Australia Automotive Lighting Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.5. Latin America
- 8.5.1. Latin America Automotive Lighting Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.5.2. Brazil
- 8.5.2.1. Brazil Automotive Lighting Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.6. Middle East and Africa
- 8.6.1. Middle East and Africa Automotive Lighting Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.6.2. Saudi Arabia
- 8.6.2.1. Saudi Arabia Automotive Lighting Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.6.3. UAE
- 8.6.3.1. UAE Automotive Lighting Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.6.4. South Africa
- 8.6.4.1. South Africa Automotive Lighting Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 9. Competitive Landscape
- 9.1. Recent Developments & Impact Analysis by Key Market Participants
- 9.2. Company Categorization
- 9.3. Company Heat Map Analysis
- 9.4. Company Profiles
- 9.4.1. Sony Corporation
- 9.4.1.1. Participant's Overview
- 9.4.1.2. Financial Performance
- 9.4.1.3. Product Benchmarking
- 9.4.1.4. Recent Developments/ Strategic Initiatives
- 9.4.2. Samsung Electronics
- 9.4.2.1. Participant's Overview
- 9.4.2.2. Financial Performance
- 9.4.2.3. Product Benchmarking
- 9.4.2.4. Recent Developments/ Strategic Initiatives
- 9.4.3. Bosch Sensor Tec
- 9.4.3.1. Participant's Overview
- 9.4.3.2. Financial Performance
- 9.4.3.3. Product Benchmarking
- 9.4.3.4. Recent Developments/ Strategic Initiatives
- 9.4.4. Texas Instruments Incorporated.
- 9.4.4.1. Participant's Overview
- 9.4.4.2. Financial Performance
- 9.4.4.3. Product Benchmarking
- 9.4.4.4. Recent Developments/ Strategic Initiatives
- 9.4.5. STMicroelectronics
- 9.4.5.1. Participant's Overview
- 9.4.5.2. Financial Performance
- 9.4.5.3. Product Benchmarking
- 9.4.5.4. Recent Developments/ Strategic Initiatives
- 9.4.6. Omnivision Technologies
- 9.4.6.1. Participant's Overview
- 9.4.6.2. Financial Performance
- 9.4.6.3. Product Benchmarking
- 9.4.6.4. Recent Developments/ Strategic Initiatives
- 9.4.7. Analog Devices
- 9.4.7.1. Participant's Overview
- 9.4.7.2. Financial Performance
- 9.4.7.3. Product Benchmarking
- 9.4.7.4. Recent Developments/ Strategic Initiatives
- 9.4.8. Panasonic Corporation
- 9.4.8.1. Participant's Overview
- 9.4.8.2. Financial Performance
- 9.4.8.3. Product Benchmarking
- 9.4.8.4. Recent Developments/ Strategic Initiatives
- 9.4.9. Knowles Electronics
- 9.4.9.1. Participant's Overview
- 9.4.9.2. Financial Performance
- 9.4.9.3. Product Benchmarking
- 9.4.9.4. Recent Developments/ Strategic Initiatives
- 9.4.10. InvenSemse
- 9.4.10.1. Participant's Overview
- 9.4.10.2. Financial Performance
- 9.4.10.3. Product Benchmarking
- 9.4.10.4. Recent Developments/ Strategic Initiatives