The major player operating in the market of global automotive lighting are Magneti Marelli (Italy), Philips Lighting NV (Netherlands), Ichikoh Industries Ltd (Japan), HELLA KGaA Hueck & Co (Germany), KOITO MANUFACTURING CO., LTD.( Japan), ZKW Lichtsysteme GmbH (Wieselburg), Peterson Manufacturing company (U.S.), OSRAM GmbH (Germany), Stanley Electric Co. Ltd (Japan), General Electric (U.S.) and among others.
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According to the latest report published by Market Research Future (MRFR), the global market for automotive lighting will stand at over USD 30,107 Mn towards the end of 2023, reflecting an above-average growth rate. Lighting continues to be one of the key components of modern vehicles. The recent expansion of the automotive industry, particularly in countries such as China, Mexico and India has reflected favourably on the automotive lighting market. The auto sector has undergone untiring waves of technological evolution, in the process, influencing the diverse range of components that are integrated in vehicles, including lighting systems.
The arrival of new lighting technologies and greater emphasis on improving vehicle visibility are some of the key factors supporting the growth of the automotive lighting market. The increased sales of passenger vehicles in emerging markets is also creating growth opportunities for market participants. Nonetheless, a large percentage of the automotive lighting components that are currently available, carry a hefty price tag, which to an extent is limits the market potentials. Meanwhile, enforcement of new safety regulations has prompted carmakers to opt for the best available lighting solutions. For modern consumers, style, safety and comfort are equally important and usually reluctant to compromise on any.
Technology is another important facet in the auto industry, there has been an overhaul not only in terms of design and style but also in technology front. One of the notable and recent technological development that took place in automotive lighting is the arrival of adaptive lighting technology. Many of the premium and mid- range cars now come with adaptive lighting system. At the same time, advanced LEDs and HID lamps system are quickly replacing the traditional systems. Manufacturers are also concentrating lighting innovation to prepare for the next wave of automotive technology, which will be mainly guided by trends such as automation and self-driving. The aforementioned factors are expected to sway the market over the next six years.
The report for Global Automotive Lighting Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.Top of FormBottom of Form
List of tables:
TABLE 1 GLOBAL AUTOMOTIVE LIGHTING MARKET, BY TECHNOLOGY, 2015-2023 (USD MILLION) 30
TABLE 2 GLOBAL AUTOMOTIVE LIGHTING MARKET, BY VEHICLE TYPE, 2015-2023 (USD MILLION) 34
TABLE 3 GLOBAL AUTOMOTIVE LIGHTING MARKET, BY APPLICATION, 2015-2023 (USD MILLION) 38
TABLE 4 GLOBAL AUTOMOTIVE LIGHTING MARKET, BY END MARKET, 2015-2023 (USD MILLION) 42
TABLE 5 GLOBAL AUTOMOTIVE LIGHTING MARKET, BY REGION, 2015-2023 (USD MILLION) 45
TABLE 6 NORTH AMERICA AUTOMOTIVE LIGHTING MARKET, BY COUNTRY 2015-2023 (USD MILLION) 47
TABLE 7 NORTH AMERICA AUTOMOTIVE LIGHTING MARKET, BY TECHNOLOGY 2015-2023 (USD MILLION) 47
TABLE 8 NORTH AMERICA AUTOMOTIVE LIGHTING MARKET, BY VEHICLE TYPE 2015-2023 (USD MILLION) 48
TABLE 9 NORTH AMERICA AUTOMOTIVE LIGHTING MARKET, BY APPLICATION 2015-2023 (USD MILLION) 48
TABLE 10 NORTH AMERICA AUTOMOTIVE LIGHTING MARKET, BY END MARKET 2015-2023 (USD MILLION) 49
TABLE 11 US AUTOMOTIVE LIGHTING MARKET, BY TECHNOLOGY 2015-2023 (USD MILLION) 49
TABLE 12 US AUTOMOTIVE LIGHTING MARKET, BY VEHICLE TYPE 2015-2023 (USD MILLION) 50
TABLE 13 US AUTOMOTIVE LIGHTING MARKET, BY APPLICATION 2015-2023 (USD MILLION) 50
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