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Automotive Lighting Market to Grow US$ 31.46 Billion by 2027

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The global Automotive Lighting market size is expected to surpass around US$ 31.46 billion by 2027 and the market is expected to garner growth at a CAGR of 6.4% over the forecast period 2021 to 2027.

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Growth Factors

Growing emphasis towards road safety along with stringent government norms regarding vehicle illumination are some of the most prominent factors that drives the market growth. Rising demand for adaptive and efficient lighting system to provide optimum illumination on-road significantly triggers the advancement in lighting technology. Proper vehicle lighting system can also prevent road accidents that occur due to visibility error in harsh environment. As per World Health Organization (WHO) report, an average 1.25 million people die every year due to road accidents. In addition, insufficient visibility was accounted as the prime factor for increasing number of road accidents worldwide. In the wake of same, governments of various regions have formulated effective regulations related to the application of lighting systems in an automobile. For instance, the European Union (EU) has mandated the implementation of Daytime Running Lights (DRL) in the region owing to unfavorable weather conditions. However, high installation cost of LED lights expected to restrict the market growth.

Market Report Scope

Report Highlights Details
Market Size USD 31.46 Billion by 2027
Growth Rate CAGR of 6.4% from 2021 to 2027
Largest Market Asia Pacific
Fastest Growing Market North America
Base Year 2021
Forecast Period 2021 to 2027

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Market Overview

A recent study by Precedence Research on the Automotive Lighting market offers a forecast for 2021 and 2027. The study analyzes crucial trends that are currently determining the growth of the Automotive Lighting market. This report explicates on vital dynamics such as the drivers, restraints, and opportunities for key market players, along with key stakeholders as well as emerging players associated with the manufacturing of Automotive Lighting. The study also provides the dynamics that are responsible for influencing the future status of the Automotive Lighting market over the forecast period.

A detailed assessment of the Automotive Lighting market value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the Automotive Lighting market along with their product portfolio enhances the reliability of this comprehensive research study.

Report Highlights

  • The Asia Pacific dominated the global automotive lighting market in 2019 and expected to exhibit the highest growth over the analysis period. This is mainly due to the high sales of passenger vehicles in the region. In addition, rising number of road accidents in the region are likely to boost the aftermarket sales of automotive lighting in the region.
  • Europe anticipated witnessing steady growth in the coming years because of increasing adoption in the interior lights, reverse, brake, and signal indicators. Furthermore, environment regulations in the region mandate the deployment of LEDs for various applications.
  • The front/headlamps application segment projected to register significant growth aspect during the forecast period. This is mainly because of rising advancement in the headlamps coupled with incorporation LED technology in the front view lighting sector.
  • By vehicle type, electric vehicle anticipated to grow at a significant rate during the analysis period. Governments of various regions have taken significant initiatives for the adoption of electric vehicle to reduce the carbon footprint and improve the air quality are the major factors that propel the growth of the segment.

Regional Snapshots

The Asia Pacific is the most attractive region in the global automotive lighting market that accounted for maximum revenue share of around 40% in 2019 and also exhibits the rapid growth over the analysis period. The significant growth of the region is mainly due to increasing demand for passenger vehicles in the region. High disposable income along with prominent growth in Gross Domestic Product (GDP) of various Asian countries offers significant growth prospect for the passenger cars in the Asia Pacific region, thereby propelling the growth of automotive lights in the region. China, India, Taiwan, and Japan are the major manufacturing hubs for automotive sector, thus propel the growth of automotive lights production in the region.

OBJECTIVES OF THE STUDY

  • To analyze and forecast the electric motor market, in terms of value and volume
  • To provide information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To define, segment, and project the size of the global electric motor market on the product type, end-use and other segments
  • To project the size of the market, with respect to five main regions, namely, North America, Europe, Asia Pacific (APAC), the Middle East & Africa, and South America, with their key countries
  • To strategically analyze micro markets with respect to individual growth trends, growth prospects, and their contribution to the total market
  • To analyze opportunities in the market for stakeholders and provide a competitive landscape of the market leaders
  • To strategically profile key players and comprehensively analyze their core competencies
  • To track and analyze research & development (R&D) and competitive developments such as joint ventures, mergers & acquisitions, and new product developments in the electric motor market

Research Methodology

  • Market estimate for 2020
  • Average selling price (ASP) per region for specific product type
  • Filtrations and assortment of gathered data, to estimate the base year (2021) market size for the country
  • Gathering data from company websites, annual reports, white papers, financial reports, broker reports, investor presentations, and SEC filings
  • National government documents, statistical databases
  • News articles, press releases, and webcasts specific to companies operating in the market
  • Country wise analysis through internal and external proprietary databases, and relevant patent and regulatory databases
  • Determination of market penetration by country

Major Players Covered in this Report

The updated market research report on electric motor market allows the buyers and manufacturers to stay updated with the current market trends, ongoing happenings, and a clear picture on the market scenario. List of key players included in the research report will help the market vendors to know their market position and plan more operational strategies to gain topmost position among other players. The report offers crucial company information on each market player, such as company profile, financial information, and recently adopted growth strategies. This will help other existing players and the new entrants to plan strategies and establish their presence in the market.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

  • Company Overview
  • Company Market Share/Positioning Analysis
  • Product Offerings
  • Financial Performance
  • Recent Initiatives
  • Key Strategies Adopted by Players
  • Vendor Landscape
  • List of Suppliers
  • List of Buyers

Major key players operating in the market are

  • DENSO Corporation
  • HellaKGaAHueck& Co.
  • Hyundai Mobis
  • Valeo
  • Koito Manufacturing Co. Ltd.
  • OsramLicht AG
  • Koninklijke Philips N.V.
  • Stanley Electric Co. Ltd.
  • ROBERT BOSCH GmbH
  • ZizalaLichtsysteme GmbH

Segments Covered in the Report

By Technology

  • LED
  • Halogen
  • Xenon/HID

By Product Sale

  • Aftermarket Products
  • Original Equipment Manufacturers (OEMs)

By Vehicle Type

  • ICE
    • Commercial Vehicle
    • Passenger Vehicle
  • Electric Vehicle
    • Hybrid Electric Vehicle (HEV)
    • Battery Electric Vehicle (BEV)
    • Plug-in Hybrid Electric Vehicle (PHEV)

By Application

  • Front/Headlamps
  • Side
  • Rear Lighting
  • Interior Lighting

By Regional Outlook

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World

Why should you invest in this report?

If you are aiming to enter the global Automotive Lighting market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for Automotive Lighting are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027, so that you can plan your strategies to enter this market accordingly. Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers

Chapter 7. Global Automotive Lighting Market, By Technology

7.1. Automotive Lighting Market, by Technology Type, 2020-2027
7.1.1. LED
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Halogen
7.1.2.1. Market Revenue and Forecast (2016-2027)
7.1.3. Xenon/HID
7.1.3.1. Market Revenue and Forecast (2016-2027)

Chapter 8. Global Automotive Lighting Market, By Product Sale

8.1. Automotive Lighting Market, by Product Sale, 2020-2027
8.1.1. Aftermarket Products
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Original Equipment Manufacturers (OEMs)
8.1.2.1. Market Revenue and Forecast (2016-2027)

Chapter 9. Global Automotive Lighting Market, By Vehicle Type

9.1. Automotive Lighting Market, by Vehicle Type, 2020-2027
9.1.1. ICE (Commercial Vehicle, Passenger Vehicle)
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. Electric Vehicle (Hybrid Electric Vehicle (HEV), Battery Electric Vehicle (BEV), Plug-in Hybrid Electric Vehicle (PHEV))
9.1.2.1. Market Revenue and Forecast (2016-2027)

Chapter 10. Global Automotive Lighting Market, By Application

10.1. Automotive Lighting Market, by Application, 2020-2027
10.1.1. Front/Headlamps
10.1.1.1. Market Revenue and Forecast (2016-2027)
10.1.2. Side
10.1.2.1. Market Revenue and Forecast (2016-2027)
10.1.3. Rear Lighting
10.1.3.1. Market Revenue and Forecast (2016-2027)
10.1.4. Interior Lighting
10.1.4.1. Market Revenue and Forecast (2016-2027)

Chapter 11. Global Automotive Lighting Market, Regional Estimates and Trend Forecast

11.1. North America
11.1.1. Market Revenue and Forecast, by Technology (2016-2027)
11.1.2. Market Revenue and Forecast, by Product Sale (2016-2027)
11.1.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
11.1.4. Market Revenue and Forecast, by Application (2016-2027)
11.1.5. U.S.
11.1.5.1. Market Revenue and Forecast, by Technology (2016-2027)
11.1.5.2. Market Revenue and Forecast, by Product Sale (2016-2027)
11.1.5.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
11.1.5.4. Market Revenue and Forecast, by Application (2016-2027)
11.1.6. Rest of North America
11.1.6.1. Market Revenue and Forecast, by Technology (2016-2027)
11.1.6.2. Market Revenue and Forecast, by Product Sale (2016-2027)
11.1.6.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
11.1.6.4. Market Revenue and Forecast, by Application (2016-2027)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Technology (2016-2027)
11.2.2. Market Revenue and Forecast, by Product Sale (2016-2027)
11.2.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
11.2.4. Market Revenue and Forecast, by Application (2016-2027)
11.2.5. UK
11.2.5.1. Market Revenue and Forecast, by Technology (2016-2027)
11.2.5.2. Market Revenue and Forecast, by Product Sale (2016-2027)
11.2.5.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
11.2.5.4. Market Revenue and Forecast, by Application (2016-2027)
11.2.6. Germany
11.2.6.1. Market Revenue and Forecast, by Technology (2016-2027)
11.2.6.2. Market Revenue and Forecast, by Product Sale (2016-2027)
11.2.6.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
11.2.6.4. Market Revenue and Forecast, by Application (2016-2027)
11.2.7. France
11.2.7.1. Market Revenue and Forecast, by Technology (2016-2027)
11.2.7.2. Market Revenue and Forecast, by Product Sale (2016-2027)
11.2.7.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
11.2.7.4. Market Revenue and Forecast, by Application (2016-2027)
11.2.8. Rest of Europe
11.2.8.1. Market Revenue and Forecast, by Technology (2016-2027)
11.2.8.2. Market Revenue and Forecast, by Product Sale (2016-2027)
11.2.8.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
11.2.8.4. Market Revenue and Forecast, by Application (2016-2027)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Technology (2016-2027)
11.3.2. Market Revenue and Forecast, by Product Sale (2016-2027)
11.3.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
11.3.4. Market Revenue and Forecast, by Application (2016-2027)
11.3.5. India
11.3.5.1. Market Revenue and Forecast, by Technology (2016-2027)
11.3.5.2. Market Revenue and Forecast, by Product Sale (2016-2027)
11.3.5.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
11.3.5.4. Market Revenue and Forecast, by Application (2016-2027)
11.3.6. China
11.3.6.1. Market Revenue and Forecast, by Technology (2016-2027)
11.3.6.2. Market Revenue and Forecast, by Product Sale (2016-2027)
11.3.6.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
11.3.6.4. Market Revenue and Forecast, by Application (2016-2027)
11.3.7. Japan
11.3.7.1. Market Revenue and Forecast, by Technology (2016-2027)
11.3.7.2. Market Revenue and Forecast, by Product Sale (2016-2027)
11.3.7.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
11.3.7.4. Market Revenue and Forecast, by Application (2016-2027)
11.3.8. Rest of APAC
11.3.8.1. Market Revenue and Forecast, by Technology (2016-2027)
11.3.8.2. Market Revenue and Forecast, by Product Sale (2016-2027)
11.3.8.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
11.3.8.4. Market Revenue and Forecast, by Application (2016-2027)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Technology (2016-2027)
11.4.2. Market Revenue and Forecast, by Product Sale (2016-2027)
11.4.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
11.4.4. Market Revenue and Forecast, by Application (2016-2027)
11.4.5. GCC
11.4.5.1. Market Revenue and Forecast, by Technology (2016-2027)
11.4.5.2. Market Revenue and Forecast, by Product Sale (2016-2027)
11.4.5.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
11.4.5.4. Market Revenue and Forecast, by Application (2016-2027)
11.4.6. North Africa
11.4.6.1. Market Revenue and Forecast, by Technology (2016-2027)
11.4.6.2. Market Revenue and Forecast, by Product Sale (2016-2027)
11.4.6.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
11.4.6.4. Market Revenue and Forecast, by Application (2016-2027)
11.4.7. South Africa
11.4.7.1. Market Revenue and Forecast, by Technology (2016-2027)
11.4.7.2. Market Revenue and Forecast, by Product Sale (2016-2027)
11.4.7.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
11.4.7.4. Market Revenue and Forecast, by Application (2016-2027)
11.4.8. Rest of MEA
11.4.8.1. Market Revenue and Forecast, by Technology (2016-2027)
11.4.8.2. Market Revenue and Forecast, by Product Sale (2016-2027)
11.4.8.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
11.4.8.4. Market Revenue and Forecast, by Application (2016-2027)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Technology (2016-2027)
11.5.2. Market Revenue and Forecast, by Product Sale (2016-2027)
11.5.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
11.5.4. Market Revenue and Forecast, by Application (2016-2027)
11.5.5. Brazil
11.5.5.1. Market Revenue and Forecast, by Technology (2016-2027)
11.5.5.2. Market Revenue and Forecast, by Product Sale (2016-2027)
11.5.5.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
11.5.5.4. Market Revenue and Forecast, by Application (2016-2027)
11.5.6. Rest of LATAM
11.5.6.1. Market Revenue and Forecast, by Technology (2016-2027)
11.5.6.2. Market Revenue and Forecast, by Product Sale (2016-2027)
11.5.6.3. Market Revenue and Forecast, by Vehicle Type (2016-2027)
11.5.6.4. Market Revenue and Forecast, by Application (2016-2027)

Chapter 12. Company Profiles

12.1. DENSO Corporation
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. HellaKGaAHueck& Co.
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Hyundai Mobis
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Valeo
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Koito Manufacturing Co. Ltd.
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. OsramLicht AG
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Koninklijke Philips N.V.
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Stanley Electric Co. Ltd.
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. ROBERT BOSCH GmbH
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. ZizalaLichtsysteme GmbH
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions

Chapter 14. Appendix

14.1. About Us
14.2. Glossary of Terms

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