Automotive lighting market is anticipated to grow at a CAGR of 10.1% during the forecast period. Increasing global production of commercial and passenger vehicles is likely to propel the automotive lighting market during the forecast period. According to the International Organization of Motor Vehicle Manufacturers (OICA), South Africa recorded a 3.5% increase in vehicle production in 2019 as compared to 2018. An automotive lighting system provides enhanced visibility in low-light areas and ensures the safety of pedestrians and other drivers which is another major factor bolstering the integration of lighting systems in vehicles. Furthermore, key players are continuously contributing to the growth of the market by launching new products in the market. For instance, in April 2021, Lumileds Holding B.V. launched Philips X-tremeUltinon LED headlight bulbs and fog light bulbs. The LED Headlights are white and bright compared to standard headlights, thus illuminating the road clearly without blinding oncoming drivers. Moreover, the product is designed with safe beam technology which creates a uniform and accurate beam pattern with the right cut-off point to reduce night-time glare. Philips X-tremeUltinon LED bulbs are designed for popular cars, trucks, SUVs, and vans.
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The global automotive lighting market is segmented based on application type, technology, and vehicle type. Based on the application type, the market is segmented into front, side, rear, and interior. Based on the technology, the market is further sub-segmented into LED, halogen, and xenon. Based on the vehicle type, the market is divided into passenger cars and commercial vehicles. Among the vehicle type, the passenger car sub-segment is expected to hold a considerable share of the market due to the rising disposable income coupled with the rising sales and production of passenger cars in developing countries such as Japan, China, and others.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Automotive Lighting Market Report Segment
By Application Type
- Front
- Side
- Rear
- Interior
By Technology
- Light Emitting Diode (LED)
- Halogen
- Xenon
By Vehicle Type
- Passenger Car
- Commercial Vehicle
Global Automotive Lighting Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global automotive lighting market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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