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Automotive Lighting Market by Technology, Position & Application, Adaptive Lighting and Region

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Automotive Lighting Market by Technology, Position & Application, Adaptive Lighting and Region

February 10
11:04 2021
Automotive Lighting Market by Technology, Position & Application, Adaptive Lighting and Region

Automotive Lighting Market
The automotive lighting system may be used to enhance the visibility of an automobile, illuminate the interior, and act as a warning system for other vehicles. It can also alert the pedestrians of vehicle presence and the direction of the vehicle of travel.

The Global Automotive Lighting Market size is projected to grow from an estimated value of $27.0 billion in 2020 to $34.9 billion in 2025, at a CAGR of 5.3% during the forecast period from 2020 to 2025.

Significant increase in the demand for new car sales and a considerable amount of usage of advanced lighting are surging the demand for automotive lighting in the market. With a soaring per capita income with a high purchasing parity, consumers can invest in advanced lighting features like adaptive lighting, thus, driving the market growth in the upcoming years.

Top 10 Players:

  • HELLA KGAA HUECK & CO
  • VALEO S.A.
  • OSRAM GMBH
  • CONTINENTAL AG
  • HYUNDAI MOBIS 
  • ICHIKOH INDUSTRIES, LTD.
  • ROBERT BOSCH GMBH
  • KOITO MANUFACTURING CO., LTD.
  • STANLEY ELECTRIC CO., LTD.
  • KONINKLIJKE PHILIPS N.V.

Other Regional Players:

  • MAGNETI HOLDINGS CO., LTD.
  • ZIZALA LICHTSYSTEME GMBH
  • NXP SEMICONDUCTORS
  • APTIV PLC
  • GRUPO ANTOLIN
  • FEDERAL-MOGUL CORPORATION
  • LEAR CORPORATION
  • GENTEX CORPORATION
  • FLEX-N-GATE
  • NORTH AMERICAN LIGHTING
  • DENSO CORPORATION
  • RENESAS ELECTRONICS CORPORATION
  • KEBODA
  • VARROC
  • LUMAX INDUSTRIES

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Opportunity: Evolution of new technologies

 

Matrix LED, OLED, and laser lighting are some of the new and promising technologies for automotive lighting manufacturers. In matrix LED headlights, the high-beam unit is made up of 25 individual segments. The small LEDs work in conjunction with lenses, and reflectors connected in series are activated and deactivated or dimmed individually according to the situation. This enables the system to react precisely to other cars. It recognizes other cars using a camera and illuminates the road brightly. For instance, Audi’s Matrix LED headlights get the information they need from a camera, the navigation system, and other sensors.

Advancements in the LED headlight technologies and regulations on the headlights by various governing agencies such as NHTSA (The National Highway Traffic Safety Administration) has resulted in the growth of LED light technology in the market. Advancements in the adaptive headlights, including automatic on/off, auto high beam, cornering lights, and headlight levelling are enhancing the customer experience.

LED lighting technology is expected to dominate the automotive lighting market globally during the forecast period 2020-2025. The changing consumer preferences and the introduction of LEDs with adaptive features at competitive pricing is expected to drive the growth of this product category. Many leading manufacturers have already developed LED lights with adaptive features. The segment is driven mainly due to factors such as ease of use, the requirement of negligible initial setup, and lower power consumption by LED lights. Moreover, its use as a headlight with higher visibility, it also has a lesser impact on the eyes of the other drivers coming from the opposite direction.

The passenger car segment is the biggest market for automotive lighting due to its high adoption in light of its low power consumption and superior aesthetic appeal. In the bus and trucks segments, the automotive lighting is expected to show the stable growth in comparison with the passenger cars due to steady sales and relatively slower adoption of new technologies.

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Asia Oceania witnessed a decline of -8% from 2017 to 2019 in passenger car production. However, the gradual opening of manufacturing facilities may help the market see modest growth by the end of the year.  The introduction of products like interior cabin lights that contain sterilization features in vehicles may also encourage vehicle sales, further driving the automotive lighting market.

The Asia Pacific is anticipated to be the largest market in the global automotive lighting market due to rapid consumer adoption and high sales of automobiles. China and Japan garnered the largest shares within the market due to the high production & sales of vehicles domestically. Additionally, manufacturers in these countries focus on technological advancements, including lighting, thus, driving the demand for automotive lighting. The rise in the consumer per capita income and high sales of SUVs in emerging economies such as India will drive the market further.

There has been a high demand for advanced lighting due to the increase in premium car sales. Increasing adoption of the advanced lighting in the lower and mid-segment cars is expected to open new opportunities for the growth of the market in this region during the forecast period.

  • VALEO S.A.
  • OSRAM GMBH
  • CONTINENTAL AG 
  • HYUNDAI MOBIS 

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