Automotive Lighting Market: Forecast to 2025

The Global Automotive Lighting Market size is projected to grow from USD 27.0 billion in 2020 to USD 34.9 billion in 2025, at a CAGR of 5.3%.

Significant increase in the demand for new car sales and a considerable amount of usage of advanced lighting are surging the demand for automotive lighting in the market. With a soaring per capita income with a high purchasing parity, consumers can invest in advanced lighting features like adaptive lighting, thus, driving the market growth in the upcoming years.

The key players automotive lighting market are Hella (Germany), Marelli (Italy), Osram (Germany), Valeo (France), Continental (Germany), Philips (Netherlands), Bosch (Germany), Varroc (India), Hyundai Mobis (South Korea), Koito (Japan), Denso (Japan), North American Lighting (US), Renesas (Japan), Lumax (India), Aptiv (Netherlands), Grupo Antolin (Spain), Lear Corporation (US), Keboda (China), NXP (Netherlands), Gentex (US), FlexNGate (US), Federal-Mogul (US), Stanley Electric (Japan), Ichikoh (Japan) and Zizala (Austria).

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LED lighting technology is expected to dominate the automotive lighting market globally during the forecast period 2020-2025. The changing consumer preferences and the introduction of LEDs with adaptive features at competitive pricing is expected to drive the growth of this product category. Many leading manufacturers have already developed LED lights with adaptive features. The segment is driven mainly due to factors such as ease of use, the requirement of negligible initial setup, and lower power consumption by LED lights. Moreover, its use as a headlight with higher visibility also has a lesser impact on the eyes of the other drivers coming from the opposite direction.

Passenger cars are expected to be the largest segment for the automotive lighting market on account of the rapid adoption of advanced lighting systems. Moreover, increasing sales of premium vehicles with pre-installed adaptive headlights, adaptive taillights, and ambient lights are expected to augment the growth of the segment further. Additionally, visual appeal is considered a premium feature, and lighting is one of the vital parameters that add value to the visual appeal of the vehicle.

Historically, vehicle production declined from 2017 to 2019, which also impacted the automotive lighting market. Due to the COVID-19 pandemic, the production & sale of vehicles have witnessed a major decline and are expected to see a 20% decline in 2020 (MarketsandMarkets analysis). Thus, the automotive lighting market could register a further decline in 2020.

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Top Segments

1. Automotive Lighting Market, By Application
   • Passenger Car Lighting Market, By Application
     • Passenger Car Interior Lighting Market, By Application (Dashboard, Glove Box, Reading Light, Dome Light, Rear View Mirror Interior Light)
     • Passenger Car Front Lighting Market, By Application (Headlight, Fog Light, Daytime Running Light)
     • Passenger Car Rear Lighting Market, By Application (Taillight, Center High-Mount Stop Light, License Plate Light)
     • Passenger Car Side Lighting Market, By Application (Sidelight, Side Rear View Mirrors Indicators Light)
   • Light Commercial Vehicle Lighting Market, By Application
     • Light Commercial Vehicle Interior Lighting Market,  By Application (Dashboard Light, Glove Box, Reading Light, Dome Light, Rear View Mirror Interior Light)
     • Light Commercial Vehicle Front Lighting Market,  By Application (Headlight, Fog Light, Daytime Running Light (Drl))
     • Light Commercial Vehicle Rear Lighting Market,  By Application (Tail Light, Center High-Mount Stop Light (Chmsl), License Plate Light)
     • Light Commercial Vehicle Side Lighting Market,  By Application (Sidelight)
   • Truck Lighting Market, By Application
     • Truck Interior Lighting Market, By Application (Dashboard Light, Cabin And Reading Light, Engine Compartment Light)
     • Truck Front Lighting Market, By Application (Headlight, Fog Light, Clearance Lamp, Turn Signal Lamp, Day Time Running Light)
     • Truck Rear Lighting Market, By Application (Stop Lamp, Tail Lamp, License Plate Lamp, Turn Signal Lamp)
     • Truck Side Lighting Market, By Application (Marker Lamp)
   • Bus Lighting Market, By Application
     • Bus Interior Lighting Market, By Application (Dashboard Lamp, Area Light, Engine Compartment Light, Footwell Light)
     • Bus Front Lighting Market, By Application (Headlamp Unit, Clearance Lamp, Indicator, Identification Lamp, Day Time Running Light)
     • Bus Rear Lighting Market, By Application (License Plate Lamp, Tail Lamp, Rear Clearance Lamp, Rear Ident Cation Lamp, Stop Lamp)
     • Bus Side Lighting Market, By Application (Marker Lamp)
2. Automotive Adaptive Lighting, By Type
   • Front Adaptive Lighting (Auto On/Off, Bending/Cornering Lights, High Beam Assist, Headlight Leveling)
   • Rear Adaptive Lighting
   • Ambient Lighting
3. Automotive Lighting, By Technology
   • Halogen
   • LED
   • Xenon/ HID
4. Electric Vehicle Lighting, By Application
   • Exterior Lighting (Headlight, Fog Light, Daytime Running Light, Tail Light, Sidelight, Center High Mount Stop Light)
   • Interior Lighting ( Dashboard Light, Glove Box Light, Reading Light, Dome Light)

Tags: technology, Automotive, market, LED, Vehicles, lighting, lights See Campaign: https://www.marketsandmarkets.com/Market-Reports/automotive-lighting-market-1133.html
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