Automotive Lighting Market

Automotive Lighting Market Size and Growth Rate:

According to our research report, the Automotive Lighting Market size is poised to reach USD 29.97 Billion by the end of 2022 from USD XX Billion in 2017 and this market witnessed a growth rate of 6.80% during the forecast period 2018-2022.

Automotive Lighting Market - Overview:

Lighting, an essential component of motor vehicles, plays an important role in safety. The motor vehicle consists of a variety of lights to increase visibility in the dark and bad weather.

Automotive Lighting Market - Growth Drivers and Opportunities:

The size of the automotive lighting market is constantly growing with the increase in demand for motor vehicles. Motorized vehicles, including passenger vehicles and commercial vehicles, require economical and efficient lighting systems to provide a safe driving experience. The growth of the population, the increase in the production of automobiles and the growing concern about the governmental regulations on vehicular safety are driving the growth of the automotive lighting market. In addition, increasing purchasing power of individuals also creates more opportunities for growth in the market. Halogen was previously a conventional option for the lighting of automobiles and other vehicles. However, with the advent of time, other lighting technologies have become more important. Xenon and LED are the other leading lighting technologies. Currently, LED lamps are installed mainly in high-end vehicles due to their relatively higher cost. However, ongoing research to reduce their costs would create a significant demand in the future.

Automotive Lighting Market - Regional Analysis:

Global automotive lighting is segmented by region into North America, South America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific held the highest market share for automotive lighting market in 2016 due to its increasing production of automobiles, increasing purchasing power and preferences of buyers.

Prominent Companies in the Automotive Lighting Market analyzed in the report are:

• Magneti Marelli S.P.A
• Hella KgaA Heuck & Co
• Stanley Electric Co Ltd
• Valeo S.A
• Koito Manufacturing Co., Ltd
• Robert Bosch GmbH
• Osram GmbH
• Varroc Group
• LG Lightings
• Infineon Technologies and Hyundai Mobis

This research report includes following segmentation for the Automotive Lighting Market size and forecast until 2022:

The automotive lighting market is segmented by lighting applications, technology, product sales, vehicle types and geography. Based on lighting applications, the market is segmented into front lighting, back lighting, side lighting and interior lighting. With regard to technology, the market is segmented into halogen, xenon and LED. Depending on the type of vehicle, the market is segmented into passenger vehicles and commercial vehicles. On the basis of product sales, the market is segmented into OEM products and aftermarket products.

Automotive Lighting Market – By Vehicle Type:

• Passenger Vehicles
• Commercial Vehicles

Automotive Lighting Market – By Product Sales:

• Original Equipment Manufacturer Product (OEM Product)

• Aftermarket Product

Automotive Lighting Market – By Technology:

• Halogen
• Xenon
• LED

Automotive Lighting Market – By Application:

• Front Lighting
• Rear Lighting
• Side Lighting
• Interior Lighting

Automotive Lighting Market – By Geography:

North America                                                 

• United States                                
• Canada                                          

Europe                                                                                              

• United Kingdom                                            
• Germany                                       
• France                                           
• Italy                                
• Spain                                             

Asia-Pacific                                                      

• China                                             
• India                                              
• Japan                                             
• South Korea                                  

Latin America                                                                              

• Brazil                                             
• Argentina                                      
• Mexico                                          

Middle-East & Africa                                                       

• Middle-East
• Africa

Key Takeaways from Automotive Lighting Market Report:

• For different Devices types, and applications offers calculated growth rates (CAGR %), Volume (Units), and Value ($M) in each region to estimate the Automotive Lighting Market potential.
• Identify various driving factors, constraints and untold opportunities that can impact the Automotive Lighting Market place.
• Know the position of your competitor based on the market shares, financial performance, strategical approaches, SWOT, product benchmarking and so on.
• Increase overall revenue by understanding the geographical impact on sales and distribution channels.
• Evaluate the increase in values at each step of the industry supply chain to improve process efficacy and optimize the value.
• Understand the market dynamics of leading players like deals, partnerships, new products, mergers and acquisitions in the last four years.
• Estimate the gaps in supply-demand, statics involved in import-export, and regulatory framework of the worldwide Automotive Lighting Market in over 20 top nations.