Automotive Lighting Market by Light Type (Halogen, Xenon/HID, and LED), Vehicle Type (Passenger ICE Vehicle, Commercial ICE Vehicle, and Electric Vehicle), Position (Front Lighting, Rear Lighting, Side Lighting, and Interior Lighting), and Sales Channel (Original Equipment Manufacturers (OEMs), and Aftermarket): Global Opportunity Analysis and Industry Forecast, 2021–2030
Lighting, being a vital component in automotive vehicles, plays a crucial role in automotive safety. The automotive vehicle consists of various lights to increase the visibility in darkness and bad weather conditions. Besides this, these lights also increase the conspicuity of the vehicle. The lighting system comprises lighting and signaling devices. This lighting equipment are placed at different locations in the vehicle, such as at the front, rear, top, and interiors. Lighting provides illumination for the driver and helps other vehicle drivers and pedestrians on the road detect the vehicle’s position, direction of movement, and size. Furthermore, it also adds aesthetic looks to both, the interior and exterior parts of the vehicle. Automotive lighting is anticipated to witness significant growth over the years, owing to increase in production and sales of vehicles and the availability of better and adaptive lighting systems to be used in automobiles.
The automotive lighting market is segmented on the basis of technology, vehicle type, application, sales channel, and region. On the basis of technology, the automotive lighting market is categorized into halogen, xenon/HID, and LED. On the basis of vehicle type, the automotive lighting market is categorized into passenger ICE vehicles, commercial ICE vehicles, and electric vehicles. On the basis of position, the automotive lighting market is categorized into front lighting, rear lighting, side lighting and interior lighting. On the basis of sales channel, the automotive lighting market is categorized into original equipment manufacturers (OEMs), and aftermarket. On the basis of region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players analyzed in the automotive lighting market include DENSO Corporation, Hella KGaA Hueck & Co., Hyundai Mobis, Koito Manufacturing Co., Ltd., Koninklijke Philips N.V., Osram Licht AG, ROBERT BOSCH GmbH, Stanley Electric Co., Ltd., Valeo, and ZKW.
KEY BENEFITS FOR STAKEHOLDERS
This study presents the analytical depiction of the global automotive lighting market along with the current trends and future estimations to depict the imminent investment pockets.
The overall market potential is determined to understand the profitable trends to enable stakeholders gain a stronger foothold in the market.
The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
The current market is quantitatively analyzed from 2020 to 2030 to highlight the financial competency of the market.
Porter’s five forces analysis illustrates the potency of the buyers and suppliers.
KEY MARKET SEGMENTS
By Light Type
Halogen
Xenon/HID
LED
By Vehicle Type
Passenger Vehicle
Commercial Vehicle
Electric Vehicle
By Position
Front Lighting
Rear Lighting
Side Lighting
Interior Lighting
By Sales Channel
Original Equipment Manufacturers (OEMs)
Aftermarket
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Players
DENSO Corporation
Hella KGaA Hueck & Co.
Hyundai Mobis
Koito Manufacturing Co. Ltd.
Koninklijke Philips N.V.
Osram Licht AG
ROBERT BOSCH GmbH
Stanley Electric Co. Ltd.
Valeo
ZKW
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