Automotive Lighting Market Top 10 Players Forecast by 2025 | Koito, Magneti Marelli, Valeo, Hella and More

The Automotive Lighting Market is segregated into halogen, xenon, and LED. Halogen dominated the industry in 2016 and is expected to grow at a CAGR of over 6% from 2016 to 2022. Low purchasing & replacement cost and easy availability are few factors for the adoption of halogen technology. They are available in different dimensions and are cost-effective and easy to replace.

However, excessive heat loss while light radiation has increased awareness for energy efficiency leading to the reduced usage of halogen. LED lighting market accounted for over 17% of the overall share in 2016 and is expected to witness substantial growth over the forecast period. This is largely attributed to red LED applications such as indicators and brake lights.

The Global Automotive Lighting Market is valued at US$ 2520 Million in 2018 is expected to reach US$ 4740 Million by the end of 2025, growing at a CAGR of 8.2% during 2019-2025.

Automotive lighting is a vehicle lighting tools which includes headlights, tail lights and turn signals and the like. At the same time, automotive lighting can press type can be divided into halogen lamp, LED, HID.

Asia Pacific automotive lighting market accounted for over 42% of the overall share in 2016. Increased automobile production across countries such as China, India, Japan, and Korea combined with rising urban population, growing economies, and increasing the purchasing power of individuals is estimated to fuel the demand across this region.

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Europe is anticipated to have steady growth owing to increasing adoption in the brake, reverse, interior lights, and signal indicators. Further, environmental regulations mandate the installation of LEDs across various applications. The North American regions are expected to have substantial demand for LED lights in the automotive sector, majorly supplemented by their increasing application in the interior segment.

This report focuses on Automotive Lighting volume and value at global level, regional level and company level. From a global perspective, this report represents overall Automotive Lighting market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.

At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
The following manufacturers are covered:
• Koito
• Magneti Marelli
• Valeo
• Hella
• Stanley Electric
• Ichikoh
• ZKW Group
• SL Corporation
• Varroc
• TYC
• DEPO
• Xingyu
• Hyundai IHL
• Segment by Regions
• North America
• Europe
• China
• Japan
• Segment by Type
• Halogen Lighting
• HID Lighting
• LED Lighting
• Segment by Application
• Passenger Vehicle
• Commercial Vehicle

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