Global Automotive Lighting Market: Snapshot
The global automotive lighting market was valued at US$ 28,250.5 Mn in 2016 and is expected to grow at a CAGR of 4.1% and 5.7% by volume and revenue respectively from 2017 to 2025. Automotive lighting has been an integral subsystem of all vehicles. Automotive lighting is essential for ensuring safety, styling, and comfort in vehicles. The lighting system in vehicles consists of signaling and lighting devices that are fitted on the front, rear, sides, and in the interior of the vehicle. The basic function of automotive lighting is to ensure proper visibility during night time and in bad weather conditions. The lighting unit of the vehicle helps other vehicles determine its size and relative position, and accordingly helps to maintain distance between each other. The automotive lighting has taken a new role in past few years due to development of advanced technology in lighting, such as adaptive front lighting systems, HID Xenon projection and LED lighting are increasingly being used in automotive applications due to energy efficiency, weight reduction and space saving qualities. LEDs are increasingly being used in automotive applications due to its energy efficiency, weight reduction and space saving qualities.
Front Lighting Segment Likely to Emerge Dominant by 2017
Global automotive lighting is segmented in terms of vehicle type, by application, by technology, by product scale, and by region. By vehicle type, the market is further segmented into passenger type and commercial type. The passenger vehicle production across the world is approximately three times the number of commercial vehicles production. By application, automotive lighting market can segmented into front lighting, rear lighting, interior lighting, and side lighting. The front lighting segment in 2017 is expected to be the highest in the application segment compared to the other three automotive lighting positions. This is mainly attributed to its function of illuminating the road in all weather conditions and avoiding accidents in the dark as compared to rear and side application segments that are mainly used for indication purposes. By technology, automotive lighting market is bifurcated as Halogen, Xenon, and LED. Decrease in halogen bulbs is mainly due to increase in LED technology. LED bulbs are proving to be very popular as they can produce an extreme white light and are more energy efficient as compared to the other two types. Sophisticated technologies such as the Advanced Front-Lighting System (AFS) and Daytime Running Lights (DTRL) have become largely popular because of their safety features. By product scale, the market can be segmented as OEMs and aftermarket product. The aftermarket product segment is also expected to contribute considerably owing to increasing customization of automotive lights for better illumination and aesthetic looks of the vehicle.
Asia Pacific Emerged as Highest Contributing Regional Market
Global automotive lighting is segmented by region into North America (U.S, Canada, Rest of North America), South America(Brazil, Rest of South America), Europe (The U.K., France, Germany, Italy, Rest of Europe ), Asia Pacific(China, India, Japan, Rest of Asia Pacific), and Middle East & Africa ( GCC, Turkey, South Africa, Rest of Middle East & Africa). In Asia Pacific, the market share for automotive lighting product is highest contributing market revenue in 2016 due to its highest share in the production of automobiles and increasing purchasing power and preferences of buyers. Technological innovations in the automobile industry are not just oriented towards fuel efficiency but also improved product quality and enhanced customer experience. Manufacturers are coming up with path-breaking product features at a considerable price range to meet buyer’s expectations. Lighting industry players are expanding their presence in growing automotive markets such as China and India where the operating costs are low and increased disposable income.
The prominent players such General Electric Co., Hella KGaA Hueck & Co, Hyundai Mobis, ICHIKOH INDUSTRIES LTD, Magneti Marelli S.p.A, OSRAM Licht Group, Royal Phillips Electronics, SAMSUNG ELECTRONICS Co., Ltd, Stanley Electric Co. Ltd, VALEO, Zizala Lichtsysteme GmbH, Koito Manufacturing Co.,LTD, among others also had an important share in global automotive lighting market. For global automotive lighting market, Hella KGaA Hueck & Co and OSRAM Licht Group held the largest share in 2016. Moreover, collectively the top vendors are focusing on new features into their automotive lighting market.
Global Automotive Lighting Market: Overview
Global automotive lighting market report provides analysis for the period 2015 – 2025, wherein the period from 2017 to 2025 is the forecast and 2016 is the base year. The automotive lighting report covers all the major types and application playing significant role in the global automotive lighting market’s growth over the forecast period. The report also include various drivers, restraints, and opportunities expected which affect market’s growth during the above mention period. The study provides an entire perspective on the market’s growth in terms of revenue in US$ Mn and volume in Mn units, across different geographical regions such as Asia Pacific, North America, Middle East & Africa, Europe, and South America.
The market overview section of the report demonstrates the market dynamics such as the drivers, restraints, and opportunities that influence the current nature and future status of this market, key indicators and trends. An attractiveness analysis has also been provided for every segment in the report, in order to provide a thorough understanding of the overall scenario in the automotive lighting market. Moreover, the report provides an overview of various strategies adopted by the key players present in the market. Key market indicators included in the report provide significance of the factors which are capable of changing the market scenario. These indicators are expected to define the market position during the forecast period.
Global Automotive Lighting Market: Key Segments
Global automotive lighting market is segmented based on vehicle type, by application, by technology, by product scale and by region. By vehicle type, the market is further segmented into passenger type and commercial type. By application, automotive lighting can segmented into front lighting, rear lighting, interior lighting, and side lighting. By technology, automotive lighting market is bifurcated as Halogen, Xenon, and LED. By product scale it can be segmented as OEMs and aftermarket product.
The report also highlights the competitive landscape of the global automotive lighting market, thereby positioning all the major players according to their presence in different regions of the world and recent key developments initiated by them in the market. The comprehensive global automotive lighting market estimates are the result of our in-depth secondary research, primary interviews, and in-house expert panel reviews. These market estimates have been analyzed by taking into account the impact of different political, social, economic, technological, and legal factors along with the current market dynamics affect global automotive lighting market growth. This report provides all the essential information required to understand the key developments in the automotive lighting market, growth trend of each segment and companies strategies to efficiently compete into the market. Also, the report provides insights related to trends and its impact on the market.
Companies Mentioned in Report
The prominent players such General Electric Co., Hella KGaA Hueck & Co, Hyundai Mobis, ICHIKOH INDUSTRIES LTD, Magneti Marelli S.p.A, OSRAM Licht Group, Royal Phillips Electronics, SAMSUNG ELECTRONICS Co., Ltd, Stanley Electric Co. Ltd, VALEO, Zizala Lichtsysteme GmbH, Koito Manufacturing Co.,LTD, among others in global automotive lighting market. Details such as financials, SWOT analysis, business strategies, recent developments, and other such strategic information pertaining to these players have been duly provided as part of company profiling.
Global Automotive Lighting Market, by Vehicle Type
Global Automotive Lighting Market, by Application
- Front lighting
- Rear lighting
- Interior lighting
- Side lighting
Global Automotive Lighting Market, by Technology
Global Automotive Lighting Market, by Product Scale
- Aftermarket Product
Global Automotive Lighting Market, by Region
- North America
- The U.S.
- Rest of North America
- Rest of Europe
- Asia Pacific (APAC)
- Rest of APAC
- Middle East and Africa (MEA)
- South Africa
- Rest of MEA
- South America
- Rest of South America