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Report
Automotive Lighting Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-05-29 I 144 Pages I IMARC Group
Market Overview:
The global automotive lighting market size reached US$ 30.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 45.4 Billion by 2028, exhibiting a growth rate (CAGR) of 6.5% during 2023-2028.
Automotive lighting refers to all the light-emitting devices installed in automobiles, which include headlights, taillights, daytime running lights, fog lights, signal lights, brake lights, hazard lights, and driving lamps. They help illuminate different lanes and recognize roads, obstacles, and traffic signs to offer a safe driving experience. They add aesthetics to the interior and exterior parts of the vehicle while increasing its visibility on the road. At present, there is a rise in the integration of light-emitting diode (LED) lights in vehicles as they consume less power, have a longer life, and offer durability and strength as compared to halogen and high-intensity discharge (HID) lights.
Automotive Lighting Market Trends:
The growing awareness among the masses about road safety measures represents one of the key factors driving the market across the globe. Moreover, there is an increase in the utilization of new lighting technologies, such as smart LEDs, micro-LEDs, smart functional surfaces, laser-based lighting, guiding materials for 3D light patterns, and area backlighting with hidden-until-lit effects. This, along with the escalating demand for electric vehicles (EVs) due to the increasing air pollution worldwide and consequently rising environmental consciousness among individuals, is propelling the growth of the market. In addition, the wide availability of commercial vehicles through online stores and the expanding e-commerce industry is positively influencing the market. Besides this, governments of several countries are undertaking initiatives to promote the use of lighting systems in vehicles. Additionally, technological advancements in the automotive sector are offering lucrative growth opportunities to end-users and industry investors. Furthermore, key market players are extensively investing in research and development (R&D) activities to improve safety technologies. These players are also focusing on partnerships, which are projected to increase their overall sales and profitability.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive lighting market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on technology, vehicle type, sales channel and application.
Breakup by Technology:
Halogen
Xenon/HID
LED
Breakup by Vehicle Type:
Passenger Vehicle
Commercial Vehicle
Breakup by Sales Channel:
Original Equipment Manufacturers
Aftermarket
Breakup by Application:
Front Lighting/Headlamps
Rear Lighting
Side Lighting
Interior Lighting
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Continental AG, General Electric Company, HELLA GmbH & Co. KGaA, Hyundai Mobis, Koito Manufacturing Co. Ltd., Koninklijke Philips N.V., LG Electronics Inc., Lumax Industries Limited, Magneti Marelli S.p.A., Osram Licht AG (ams AG), Robert Bosch GmbH, Samsung Electronics Co. Ltd., Stanley Electric Co. Ltd. and Valeo.
Key Questions Answered in This Report:
What was the size of the global automotive lighting market in 2022?
What is the expected growth rate of the global automotive lighting market during 2023-2028?
What has been the impact of COVID-19 on the global automotive lighting market?
What are the key factors driving the global automotive lighting market?
What is the breakup of the global automotive lighting market based on the technology?
What is the breakup of the global automotive lighting market based on the vehicle type?
What is the breakup of the global automotive lighting market based on sales channel?
What is the breakup of the global automotive lighting market based on the application?
What are the key regions in the global automotive lighting market?
Who are the key players/companies in the global automotive lighting market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Automotive Lighting Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Technology
6.1 Halogen
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Xenon/HID
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 LED
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Vehicle Type
7.1 Passenger Vehicle
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Commercial Vehicle
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Sales Channel
8.1 Original Equipment Manufacturers
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Aftermarket
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Application
9.1 Front Lighting/Headlamps
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Rear Lighting
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Side Lighting
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Interior Lighting
9.4.1 Market Trends
9.4.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Continental AG
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2 General Electric Company
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.2.4 SWOT Analysis
15.3.3 HELLA GmbH & Co. KGaA
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.4 Hyundai Mobis
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.5 Koito Manufacturing Co. Ltd.
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.6 Koninklijke Philips N.V.
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.6.4 SWOT Analysis
15.3.7 LG Electronics Inc.
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.7.4 SWOT Analysis
15.3.8 Lumax Industries Limited
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.9 Magneti Marelli S.p.A.
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.10 Osram Licht AG (ams AG)
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.11 Robert Bosch GmbH
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 SWOT Analysis
15.3.12 Samsung Electronics Co. Ltd.
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.12.3 Financials
15.3.12.4 SWOT Analysis
15.3.13 Stanley Electric Co. Ltd.
15.3.13.1 Company Overview
15.3.13.2 Product Portfolio
15.3.13.3 Financials
15.3.14 Valeo
15.3.14.1 Company Overview
15.3.14.2 Product Portfolio
15.3.14.3 Financials
15.3.14.4 SWOT Analysis
Figure 1: Global: Automotive Lighting Market: Major Drivers and Challenges
Figure 2: Global: Automotive Lighting Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Automotive Lighting Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Automotive Lighting Market: Breakup by Technology (in %), 2022
Figure 5: Global: Automotive Lighting Market: Breakup by Vehicle Type (in %), 2022
Figure 6: Global: Automotive Lighting Market: Breakup by Sales Channel (in %), 2022
Figure 7: Global: Automotive Lighting Market: Breakup by Application (in %), 2022
Figure 8: Global: Automotive Lighting Market: Breakup by Region (in %), 2022
Figure 9: Global: Automotive Lighting (Halogen) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Automotive Lighting (Halogen) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Automotive Lighting (Xenon/HID) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Automotive Lighting (Xenon/HID) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Automotive Lighting (LED) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Automotive Lighting (LED) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Automotive Lighting (Passenger Vehicle) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Automotive Lighting (Passenger Vehicle) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Automotive Lighting (Commercial Vehicle) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Automotive Lighting (Commercial Vehicle) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Automotive Lighting (Original Equipment Manufacturers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Automotive Lighting (Original Equipment Manufacturers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Automotive Lighting (Aftermarket) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Automotive Lighting (Aftermarket) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Automotive Lighting (Front Lighting/Headlamps) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Automotive Lighting (Front Lighting/Headlamps) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Automotive Lighting (Rear Lighting) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Automotive Lighting (Rear Lighting) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Automotive Lighting (Side Lighting) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Automotive Lighting (Side Lighting) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Automotive Lighting (Interior Lighting) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Automotive Lighting (Interior Lighting) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: North America: Automotive Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: North America: Automotive Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: United States: Automotive Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: United States: Automotive Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Canada: Automotive Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Canada: Automotive Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Asia-Pacific: Automotive Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Asia-Pacific: Automotive Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: China: Automotive Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: China: Automotive Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Japan: Automotive Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Japan: Automotive Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: India: Automotive Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: India: Automotive Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: South Korea: Automotive Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: South Korea: Automotive Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Australia: Automotive Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Australia: Automotive Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Indonesia: Automotive Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Indonesia: Automotive Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Others: Automotive Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Others: Automotive Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Europe: Automotive Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Europe: Automotive Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Germany: Automotive Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Germany: Automotive Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: France: Automotive Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: France: Automotive Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: United Kingdom: Automotive Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: United Kingdom: Automotive Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Italy: Automotive Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Italy: Automotive Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Spain: Automotive Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Spain: Automotive Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Russia: Automotive Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Russia: Automotive Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Others: Automotive Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Others: Automotive Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Latin America: Automotive Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Latin America: Automotive Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Brazil: Automotive Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Brazil: Automotive Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Mexico: Automotive Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Mexico: Automotive Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Others: Automotive Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Others: Automotive Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Middle East and Africa: Automotive Lighting Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Middle East and Africa: Automotive Lighting Market: Breakup by Country (in %), 2022
Figure 79: Middle East and Africa: Automotive Lighting Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Global: Automotive Lighting Industry: SWOT Analysis
Figure 81: Global: Automotive Lighting Industry: Value Chain Analysis
Figure 82: Global: Automotive Lighting Industry: Porter's Five Forces Analysis
Table 1: Global: Automotive Lighting Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Automotive Lighting Market Forecast: Breakup by Technology (in Million US$), 2023-2028
Table 3: Global: Automotive Lighting Market Forecast: Breakup by Vehicle Type (in Million US$), 2023-2028
Table 4: Global: Automotive Lighting Market Forecast: Breakup by Sales Channel (in Million US$), 2023-2028
Table 5: Global: Automotive Lighting Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 6: Global: Automotive Lighting Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Automotive Lighting Market: Competitive Structure
Table 8: Global: Automotive Lighting Market: Key Players
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