Automotive Lighting Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Automotive Lighting Market
The automotive lighting market size was valued at USD 36.51 billion in 2023, and the market is now projected to grow from USD 39.62 billion in 2024 to USD 80.10 billion by 2032, exhibiting a CAGR of 9.2% during the forecast period of 2024-2032.
Strict authority’s rules on automobile lights for improved visibility and protection are propelling the global vehicle lights enterprise. With 1.3 million annual traffic fatalities and sizable monetary losses, enhancing driving situations thru higher lighting fixtures is critical. Notably, in 2011, the European Union mandated Daytime Running Lights (DRLs) on all new motor motors to bolster road safety.
The car lighting market is developing due to advanced generation adoption, protection regulations, and purchaser possibilities for aesthetics. LED technology, favored for its strength efficiency, sturdiness, and design versatility, is extensively utilized in headlights, tail lighting, and interiors. Additionally, adaptive lights structures, which modify based totally on using situations, are improving safety and visibility at the same time as reducing glare.
Comprehensive Analysis of Automotive Lighting Market
The automotive lighting market growth is rising at an exponential rate due to its market segmentation. This marketplace growth effectively affords an in depth nearby tests considering the dominant deliver and demand forces that impact the industry. These segmentations are methodically segregated by vehicle type analysis, by position analysis, by technology analysis. By vehicle type analysis include, passenger vehicles and commercial vehicles. By position analysis include, rear lighting, front lighting, side lighting, and interior lighting. By technology type analysis include, halogen, LED, and xenon.
The Asia Pacific region lead the automotive lighting market share by benefitting a market size of USD 20.94 billion in 2023 due to rising production of vehicles in the region.
The pinnacle gamers in the marketplace play a crucial function inside the enterprise assuring marketplace growth and putting market requirements. These players include, Robert Bosch GmbH (Germany), Hella KGaA Hueck & Co. (Germany), OSRAM Licht AG (Germany), Valeo (France), Koito (Japan), Marelli Corporation (Italy), Continental AG (Germany), Hyundai Mobis (South Korea), Koninklijke Philips (Netherlands), Varroc Engineering Limited (India), Stanley Electric Co., Ltd. (Japan) these market players provide a level-playing competitive landscape.
In June 2023, in a groundbreaking development, Motherson, in partnership with Marelli, inaugurated the Motherson Automotive Lighting Tool Room, marking India's first dedicated facility for automotive lighting.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 9.2% from 2024 to 2032
Unit Value (USD Billion) and Volume (Units)
Segmentation By Vehicle Type
Passenger Vehicles
Commercial Vehicles
By Technology
LED
Halogen
Xenon
By Position
Rear Lighting
Front Lighting
Side Lighting
Interior Lighting
By Geography
North America (By Vehicle Type, By Technology, By Position)
- U.S. (By Vehicle Type)
- Canada (By Vehicle Type)
- Mexico (By Vehicle Type)
Europe (By Vehicle Type, By Technology, By Position)
- U.K. (By Vehicle Type)
- Germany (By Vehicle Type)
- France (By Vehicle Type)
- Italy (By Vehicle Type)
- Rest of Europe (By Vehicle Type)
Asia Pacific (By Vehicle Type, By Technology, By Position)
- China (By Vehicle Type)
- India (By Vehicle Type)
- Japan (By System)
- South Korea (By Vehicle Type)
- Rest of Asia Pacific (By Vehicle Type)
Rest of World (By Vehicle Type, By Technology, By Position )
Please Note: It will take 5-6 business days to complete the report upon order confirmation.
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Market Trends
- 4. Key Insights
- 4.1. Key Industry Developments - Mergers, Partnerships, and Collaborations
- 4.2. Latest Technological Advancements
- 4.3. Porters Five Forces Analysis
- 4.4. Impact of COVID-19
- 5. Global Automotive Lighting Market Analysis, Insights and Forecast, 2019-2032
- 5.1. Key Findings / Definition
- 5.2. Market Analysis, Insights and Forecast - By Vehicle Type
- 5.2.1. Passenger Cars
- 5.2.2. Commercial Vehicles
- 5.3. Market Analysis, Insights and Forecast - By Technology
- 5.3.1. LED
- 5.3.2. Halogen
- 5.3.3. Xenon
- 5.4. Market Analysis, Insights and Forecast - By Position
- 5.4.1. Rear Lighting
- 5.4.2. Front Lighting
- 5.4.3. Side Lighting
- 5.4.4. Interior Lighting
- 5.5. Market Analysis, Insights and Forecast - By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Rest of the World
- 6. North America Automotive Lighting Market Analysis, Insights and Forecast, 2019-2032
- 6.1. Market Analysis, Insights and Forecast - By Vehicle Type
- 6.1.1. Passenger Cars
- 6.1.2. Commercial Vehicles
- 6.2. Market Analysis, Insights and Forecast - By Technology
- 6.2.1. LED
- 6.2.2. Halogen
- 6.2.3. Xenon
- 6.3. Market Analysis, Insights and Forecast - By Position
- 6.3.1. Rear Lighting
- 6.3.2. Front Lighting
- 6.3.3. Side Lighting
- 6.3.4. Interior Lighting
- 6.4. Market Analysis, Insights and Forecast - By Country
- 6.4.1. U.S.
- 6.4.1.1. Market Analysis, Insights and Forecast - By Vehicle Type
- 6.4.2. Canada
- 6.4.2.1. Market Analysis, Insights and Forecast - By Vehicle Type
- 6.4.3. Mexico
- 6.4.3.1. Market Analysis, Insights and Forecast - By Vehicle Type
- 7. Europe Automotive Lighting Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Market Analysis, Insights and Forecast - By Vehicle Type
- 7.1.1. Passenger Cars
- 7.1.2. Commercial Vehicles
- 7.2. Market Analysis, Insights and Forecast - By Technology
- 7.2.1. LED
- 7.2.2. Halogen
- 7.2.3. Xenon
- 7.3. Market Analysis, Insights and Forecast - By Position
- 7.3.1. Rear Lighting
- 7.3.2. Front Lighting
- 7.3.3. Side Lighting
- 7.3.4. Interior Lighting
- 7.4. Market Analysis, Insights and Forecast - By Country
- 7.4.1. Germany
- 7.4.1.1. Market Analysis, Insights and Forecast - By Vehicle Type
- 7.4.2. Italy
- 7.4.2.1. Market Analysis, Insights and Forecast - By Vehicle Type
- 7.4.3. France
- 7.4.3.1. Market Analysis, Insights and Forecast - By Vehicle Type
- 7.4.4. U.K.
- 7.4.4.1. Market Analysis, Insights and Forecast - By Vehicle Type
- 7.4.5. Rest of the Europe
- 7.4.5.1. Market Analysis, Insights and Forecast - By Vehicle Type
- 8. Asia Pacific Automotive Lighting Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Market Analysis, Insights and Forecast - By Vehicle Type
- 8.1.1. Passenger Cars
- 8.1.2. Commercial Vehicles
- 8.2. Market Analysis, Insights and Forecast - By Technology
- 8.2.1. LED
- 8.2.2. Halogen
- 8.2.3. Xenon
- 8.3. Market Analysis, Insights and Forecast - By Position
- 8.3.1. Rear Lighting
- 8.3.2. Front Lighting
- 8.3.3. Side Lighting
- 8.3.4. Interior Lighting
- 8.4. Market Analysis, Insights and Forecast - By Country
- 8.4.1. China
- 8.4.1.1. Market Analysis, Insights and Forecast - By Vehicle Type
- 8.4.2. Japan
- 8.4.2.1. Market Analysis, Insights and Forecast - By Vehicle Type
- 8.4.3. India
- 8.4.3.1. Market Analysis, Insights and Forecast - By Vehicle Type
- 8.4.4. South Korea
- 8.4.4.1. Market Analysis, Insights and Forecast - By Vehicle Type
- 8.4.5. Rest of APAC
- 8.4.5.1. Market Analysis, Insights and Forecast - By Vehicle Type
- 9. Rest of the World Automotive Lighting Market Analysis, Insights and Forecast, 2019-2032
- 9.1. Market Analysis, Insights and Forecast - By Vehicle Type
- 9.1.1. Passenger Cars
- 9.1.2. Commercial Vehicles
- 9.2. Market Analysis, Insights and Forecast - By Technology
- 9.2.1. LED
- 9.2.2. Halogen
- 9.2.3. Xenon
- 9.3. Market Analysis, Insights and Forecast - By Position
- 9.3.1. Rear Lighting
- 9.3.2. Front Lighting
- 9.3.3. Side Lighting
- 9.3.4. Interior Lighting
- 10. Competitive Analysis
- 10.1. Key Industry Developments
- 10.2. Global Market Rank Analysis (2023)
- 10.3. Competitive Dashboard
- 10.4. Comparative Analysis - Major Players
- 10.5. Company Profiles
- 10.5.1. Robert Bosch GmbH
- 10.5.1.1. Overview
- 10.5.1.2. Products & Services
- 10.5.1.3. SWOT Analysis
- 10.5.1.4. Recent Developments
- 10.5.1.5. Strategies
- 10.5.1.6. Financials (Based on Availability)
- 10.5.2. Hella KGaA Hueck & Co.
- 10.5.2.1. Overview
- 10.5.2.2. Products & Services
- 10.5.2.3. SWOT Analysis
- 10.5.2.4. Recent Developments
- 10.5.2.5. Strategies
- 10.5.2.6. Financials (Based on Availability)
- 10.5.3. OSRAM Licht AG
- 10.5.3.1. Overview
- 10.5.3.2. Products & Services
- 10.5.3.3. SWOT Analysis
- 10.5.3.4. Recent Developments
- 10.5.3.5. Strategies
- 10.5.3.6. Financials (Based on Availability)
- 10.5.4. Valeo
- 10.5.4.1. Overview
- 10.5.4.2. Products & Services
- 10.5.4.3. SWOT Analysis
- 10.5.4.4. Recent Developments
- 10.5.4.5. Strategies
- 10.5.4.6. Financials (Based on Availability)
- 10.5.5. Koito
- 10.5.5.1. Overview
- 10.5.5.2. Products & Services
- 10.5.5.3. SWOT Analysis
- 10.5.5.4. Recent Developments
- 10.5.5.5. Strategies
- 10.5.5.6. Financials (Based on Availability)
- 10.5.6. Stanley Electric & Co.
- 10.5.6.1. Overview
- 10.5.6.2. Products & Services
- 10.5.6.3. SWOT Analysis
- 10.5.6.4. Recent Developments
- 10.5.6.5. Strategies
- 10.5.6.6. Financials (Based on Availability)
- 10.5.7. Marelli Corporation
- 10.5.7.1. Overview
- 10.5.7.2. Products & Services
- 10.5.7.3. SWOT Analysis
- 10.5.7.4. Recent Developments
- 10.5.7.5. Strategies
- 10.5.7.6. Financials (Based on Availability)
- 10.5.8. Continental AG
- 10.5.8.1. Overview
- 10.5.8.2. Products & Services
- 10.5.8.3. SWOT Analysis
- 10.5.8.4. Recent Developments
- 10.5.8.5. Strategies
- 10.5.8.6. Financials (Based on Availability)
- 10.5.9. Hyundai Mobis
- 10.5.9.1. Overview
- 10.5.9.2. Products & Services
- 10.5.9.3. SWOT Analysis
- 10.5.9.4. Recent Developments
- 10.5.9.5. Strategies
- 10.5.9.6. Financials (Based on Availability)
- 10.5.10. Koninklijke Philips
- 10.5.10.1. Overview
- 10.5.10.2. Products & Services
- 10.5.10.3. SWOT Analysis
- 10.5.10.4. Recent Developments
- 10.5.10.5. Strategies
- 10.5.10.6. Financials (Based on Availability)
- 10.5.11. Varroc Engineering Limited
- 10.5.11.1. Overview
- 10.5.11.2. Products & Services
- 10.5.11.3. SWOT Analysis
- 10.5.11.4. Recent Developments
- 10.5.11.5. Strategies
- 10.5.11.6. Financials (Based on Availability)
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook