Global Automotive Lighting Market

Automotive Lighting Market Size, Share, Growth Analysis, By Vehicle Type(Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle), By Application(Front Lights, Rear Lights, Side Lights, Interior Lights), By Technology(Halogen, Xenon, LED), By Region - Industry Forecast 2024-2031


Report ID: SQMIG45K2058 | Region: Global | Published Date: March, 2024
Pages: 197 |Tables: 91 |Figures: 76

Automotive Lighting Market Insights

Global Automotive Lighting Market size was valued at USD 30.08 billion in 2023 and is poised to grow from USD 31.31 billion in 2024 to USD 41.48 billion by 2031, growing at a CAGR of 4.10% in the forecast period (2024-2031). 

The global market for commercial vehicles is expected to experience an upsurge in demand during the forecast period due to the increase in production and sales. This trend is attributed to the advancement in technology, which is driven by concerns about vehicle safety and strict government regulations. Additionally, the rise in population and the growth in purchasing power of consumers in developing countries are expected to create profitable opportunities in the market. Despite the potential demand for LEDs, their high cost could limit the market growth. Nevertheless, the benefits of using LED lights such as low energy consumption and longer life span could supplement their demand in the automobile sector. Therefore, industry players could capitalize on the introduction of compact, energy-efficient, and low-cost LED lights to leverage the market potential. Furthermore, the market is experiencing technological advancements such as the adoption of OLEDs, the deployment of Advanced Forward Lighting System (AFS) technology in LEDs for bend headlamps, and resource scarcity. Moreover, there is a shift towards smaller and aesthetic headlight designs. The demand for LED lights is not only limited to newly purchased vehicles, but also includes replacement of halogen lights in damaged lights or those in need of upgrade. This demand is mainly observed in developed countries and constitutes a small portion of the total aftermarket.

Market Snapshot - 2024-2031

Global Market Size

USD 30.08 billion

Largest Segment

Halogen

Fastest Growth

LED

Growth Rate

4.10% CAGR

Global Automotive Lighting Market ($ Bn)
Country Share for North America Region (%)

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Automotive Lighting Market Segmental Analysis

Global Automotive Lighting market is segmented by technology, application, and region. Based on technology, the market can be segmented into halogen, and LED. Based on application, the market is segmented into exterior lighting, and interior lighting. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Automotive Lighting Market Analysis by Technology

By technology, the market can be segmented into halogen and LED. Halogen technology has been the dominant technology in the market for many years due to its affordability and widespread availability. Halogen technology is a tried-and-true technology that has been used in automotive lighting for decades. It is known for its affordability, availability, and ease of use, which has made it the go-to choose for automakers around the world. Halogen technology is based on the incandescent light bulb, which uses a tungsten filament to produce light when electricity is passed through it. Halogen bulbs use a small amount of halogen gas to increase the lifespan of the tungsten filament, resulting in a longer-lasting and brighter bulb.

LED technology is a newer and more advanced technology that is rapidly gaining popularity in the automotive lighting market. LED stands for "Light Emitting Diode," which is a semiconductor device that produces light when electricity is passed through it. LED technology is known for its high efficiency, low power consumption, and longer lifespan compared to halogen bulbs. LED bulbs are also more versatile and can be designed to produce a wider range of colors and light intensities, making them a popular choice for automotive lighting.

Automotive Lighting Market Analysis by application

By application, the market can be segmented into exterior lighting and interior lighting. Exterior lighting dominated the automotive lighting market due to its critical role in ensuring road safety. Headlights and taillights are essential for drivers to see and be seen in low light conditions, and turn signals are necessary for communicating with other drivers on the road. The demand for exterior lighting is directly related to the sales volume of passenger cars and commercial vehicles, which are the primary users of automotive lighting.

Interior lighting is the fastest-growing application segment in the automotive lighting market due to increasing demand for comfort and convenience features in vehicles. Interior lighting is used to create a pleasant and comfortable environment inside the vehicle, with features such as ambient lighting, reading lights, and mood lighting. As consumers demand more luxurious and comfortable vehicles, the demand for interior lighting is expected to increase.

Global Automotive Lighting Market Size By Technology, 2023 (%)

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Automotive Lighting Market Regional Insights

North America dominated the global automotive lighting market, owing to the high adoption of advanced technologies and strict government regulations related to vehicle safety. The United States and Canada are the major countries contributing to the growth of the automotive lighting market in this region. Additionally, the high per capita income and purchasing power of consumers in this region are driving the demand for premium vehicles, which, in turn, is expected to boost the demand for advanced automotive lighting systems. Moreover, the presence of key market players, such as General Electric Company and Osram Licht AG, is further propelling the market growth in this region.

The APAC region is the fastest-growing region in the global automotive lighting market, owing to the significant growth of the automotive industry in countries such as China, India, and Japan. The increasing demand for passenger and commercial vehicles and the rise in disposable income and urbanization are expected to fuel the demand for advanced automotive lighting systems in this region. Moreover, the presence of emerging market players, such as Koito Manufacturing Co. Ltd., and increasing investments in research and development activities, are further propelling the market growth in the APAC region.

Global Automotive Lighting Market By Region, 2024-2031
  • Largest
  • Fastest

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Automotive Lighting Market Dynamics

Automotive Lighting Market Drivers

Increasing demand for advanced lighting systems

  • One of the key drivers of the global automotive lighting market is the increasing demand for advanced lighting systems, stimulated by rising concerns about vehicle safety and stringent government regulations. The industry is experiencing significant technological advancements, including the adoption of OLEDs, deployment of Advanced Forward Lighting System (AFS) technology in LEDs for bend headlamps, and a shift towards smaller and aesthetic headlight designs. Additionally, the growing population and increasing purchasing power of consumers in developing countries are expected to offer lucrative opportunities over the forecast period.

Automotive Lighting Market Restraints

High cost of LEDs

  • The high cost of LEDs is a major restraint for the global automotive lighting market. Despite their benefits, such as low energy consumption and longer life span, the cost of LEDs is still relatively high compared to traditional halogen lights. This could limit their adoption in the market, particularly in price-sensitive regions. However, the introduction of compact, energy-efficient, and low-cost LED lights could help overcome this challenge and emerge as a lucrative strategy for industry players to leverage the market potential.

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Automotive Lighting Market Competitive Landscape

The global automotive lighting market is highly competitive and fragmented, with numerous regional and international players competing for market share. The market is characterized by the presence of both established and emerging market players, who are adopting various growth strategies such as mergers and acquisitions, collaborations, and partnerships, to expand their market presence and strengthen their position in the global market. Moreover, companies are focusing on investing in research and development activities to introduce innovative products and gain a competitive advantage over their peers.

Automotive Lighting Market Top Player’s Company Profiles

  • Osram Licht AG (Germany)
  • Stanley Electric Co., Ltd. (Japan)
  • Magneti Marelli S.p.A. (Italy)
  • General Electric Company (US)
  • Koninklijke Philips N.V. (Netherlands)
  • ZKW Group GmbH (Austria)
  • Ichikoh Industries Ltd. (Japan)
  • Lumileds Holding B.V. (Netherlands)
  • TYC Brother Industrial Co., Ltd. (Taiwan)
  • Varroc Group (India)
  • Hyundai Mobis Co., Ltd. (South Korea)
  • Samvardhana Motherson Group (India)
  • North American Lighting, Inc. (US)
  • Federal-Mogul LLC (US)
  • Valeo North America, Inc. (US)
  • SL Corporation (South Korea)
  • Guangzhou LEDOauto Lighting Co., Ltd. (China)

Automotive Lighting Market Recent Developments

  • In March 2024, Semilux International Ltd., a company that makes application-specific integrated circuits (ASIC), LiDAR, and ADB components and solutions, revealed that it initiated a research and development program with academics and scholars from universities in Taiwan. Together, they intend to create an advanced domestic solid-state LiDAR module for automotive use.
  • In February 2024, Lumileds, a top lighting solutions company, unveiled an upgraded version of its Philips Automotive Lighting website. The new site, accessible at https://www.usa.philips.com/c-m-au/car-lights, showcases a fresh design and combines the complete range of Philips automotive lighting and accessories available in North America.
  • In February 2024, Infineon Technologies and Honda Motor Co. signed a Memorandum of Understanding (MoU) to begin a strategic collaboration. Honda selected Infineon as its semiconductor partner to synchronize future product and technology guides.
  • In July 2023, HELLA and Porsche launched the world's first high-resolution headlamp powered by matrix LED technology. This raised automotive lighting technology to a new level. In July 2022, HELLA introduced the next generation of ambient lighting.
  • In 2023, ALIYOS technology allowed ams OSRAM to integrate mini-LEDs onto a thin, flexible, and transparent substrate. These mini-LEDs, linked by nearly invisible metal traces, can be arranged in a highly customizable manner to create individually addressable segments of various shapes. This flexibility enables the LEDs to perform standard lighting tasks like stop lights or turn signals while offering unique, custom shapes and animated effects. Additionally, the mini-LEDs can be used to display symbols, words, images, or abstract patterns for decorative purposes, informational displays, or warnings.

Automotive Lighting Key Market Trends

  • One key market trend in the global automotive lighting market is the increasing adoption of advanced lighting technologies, such as LED and OLED lighting systems. These technologies offer superior energy efficiency and longer lifespan compared to traditional halogen lights, which are driving their adoption in the market. Furthermore, the market is witnessing a shift towards smaller and aesthetic headlight designs, as well as the integration of lighting systems with advanced driver assistance systems (ADAS) for enhanced vehicle safety.

Automotive Lighting Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our global automotive lighting market analysis, the market is being driven by the increasing demand for advanced lighting systems, stimulated by rising concerns about vehicle safety and stringent government regulations. Technological advancements, including the adoption of LED and OLED lighting systems and the integration of advanced driver assistance systems (ADAS), are shaping the growth trajectory of the market. Despite their benefits, the high cost of LEDs is a major restraint for the market. The industry is highly competitive and fragmented, with numerous regional and international players competing for market share. Companies are adopting various growth strategies such as mergers and acquisitions, collaborations, and partnerships, to expand their market presence and gain a competitive advantage. The market is expected to offer lucrative opportunities over the forecast period, driven by the growing population and increasing purchasing power of consumers in developing countries.

Report Metric Details
Market size value in 2023 USD 30.08 billion
Market size value in 2031 USD 41.48 billion
Growth Rate 4.10%
Base year 2023
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Vehicle Type
    • Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle
  • Application
    • Front Lights, Rear Lights, Side Lights, Interior Lights
  • Technology
    • Halogen, Xenon, LED
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Osram Licht AG (Germany)
  • Stanley Electric Co., Ltd. (Japan)
  • Magneti Marelli S.p.A. (Italy)
  • General Electric Company (US)
  • Koninklijke Philips N.V. (Netherlands)
  • ZKW Group GmbH (Austria)
  • Ichikoh Industries Ltd. (Japan)
  • Lumileds Holding B.V. (Netherlands)
  • TYC Brother Industrial Co., Ltd. (Taiwan)
  • Varroc Group (India)
  • Hyundai Mobis Co., Ltd. (South Korea)
  • Samvardhana Motherson Group (India)
  • North American Lighting, Inc. (US)
  • Federal-Mogul LLC (US)
  • Valeo North America, Inc. (US)
  • SL Corporation (South Korea)
  • Guangzhou LEDOauto Lighting Co., Ltd. (China)
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Automotive Lighting Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Automotive Lighting Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Automotive Lighting Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive Lighting Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automotive Lighting Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Automotive Lighting Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

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FAQs

Global Automotive Lighting Market size was valued at USD 30.08 billion in 2023 and is poised to grow from USD 31.31 billion in 2024 to USD 41.48 billion by 2031, growing at a CAGR of 4.10% in the forecast period (2024-2031). 

The global automotive lighting market is highly competitive and fragmented, with numerous regional and international players competing for market share. The market is characterized by the presence of both established and emerging market players, who are adopting various growth strategies such as mergers and acquisitions, collaborations, and partnerships, to expand their market presence and strengthen their position in the global market. Moreover, companies are focusing on investing in research and development activities to introduce innovative products and gain a competitive advantage over their peers. 'Koito Manufacturing Co., Ltd. (Japan)', 'Valeo SA (France)', 'Hella KGaA Hueck & Co. (Germany)', 'Osram Licht AG (Germany)', 'Stanley Electric Co., Ltd. (Japan)', 'Magneti Marelli S.p.A. (Italy)', 'General Electric Company (US)', 'Koninklijke Philips N.V. (Netherlands)', 'ZKW Group GmbH (Austria)', 'Ichikoh Industries Ltd. (Japan)', 'Lumileds Holding B.V. (Netherlands)', 'TYC Brother Industrial Co., Ltd. (Taiwan)', 'Varroc Group (India)', 'Hyundai Mobis Co., Ltd. (South Korea)', 'Samvardhana Motherson Group (India)', 'North American Lighting, Inc. (US)', 'Federal-Mogul LLC (US)', 'Valeo North America, Inc. (US)', 'SL Corporation (South Korea)', 'Guangzhou LEDOauto Lighting Co., Ltd. (China)'

One of the key drivers of the global automotive lighting market is the increasing demand for advanced lighting systems, stimulated by rising concerns about vehicle safety and stringent government regulations. The industry is experiencing significant technological advancements, including the adoption of OLEDs, deployment of Advanced Forward Lighting System (AFS) technology in LEDs for bend headlamps, and a shift towards smaller and aesthetic headlight designs. Additionally, the growing population and increasing purchasing power of consumers in developing countries are expected to offer lucrative opportunities over the forecast period.

One key market trend in the global automotive lighting market is the increasing adoption of advanced lighting technologies, such as LED and OLED lighting systems. These technologies offer superior energy efficiency and longer lifespan compared to traditional halogen lights, which are driving their adoption in the market. Furthermore, the market is witnessing a shift towards smaller and aesthetic headlight designs, as well as the integration of lighting systems with advanced driver assistance systems (ADAS) for enhanced vehicle safety.

North America dominated the global automotive lighting market, owing to the high adoption of advanced technologies and strict government regulations related to vehicle safety. The United States and Canada are the major countries contributing to the growth of the automotive lighting market in this region. Additionally, the high per capita income and purchasing power of consumers in this region are driving the demand for premium vehicles, which, in turn, is expected to boost the demand for advanced automotive lighting systems. Moreover, the presence of key market players, such as General Electric Company and Osram Licht AG, is further propelling the market growth in this region.

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