Automotive Lighting Market Worth $48.08 Billion By 2026 | Industry Players - Osram GmbH, Koninklijke Philips N.V., Zizala Lichtsysteme GmbH, Magneti Marelli S.P.A., Stanley Electric Co. and others.

The global Automotive lighting market generated USD 23.980 billion in 2017 and is anticipated to grow at a CAGR of 8.1% during the forecast period according to a new research published by Polaris Market Research.

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Automotive lighting comprises lighting solutions integrated into the front, rear, top, and sides of a motor vehicle to enhance visibility on the road and indicate driving actions to other vehicles on the road. Vehicles such as cars, trucks, and buses use advanced lighting solutions owing to need for increased safety on the road. Automotive lighting comprises exterior as well as interior lighting solutions. Exterior lighting includes headlights, fog lights, tail lights, center high-mount stop light, sidelights, and day time running lights among others.
Interior lighting comprises dashboard lights, dome lights, glove box lights, and reading lights among others.

The demand for automotive lighting has increased owing to increasing need for road safety, and growing demand for vehicles from emerging economies. The growth in global automotive industry and increasing development of autonomous vehicles has resulted in market growth. There has been a significant growth in the demand for luxury and technologically advanced vehicles, thereby boosting the growth of the automotive lighting market. The growing need for improved energy efficiency coupled with growing awareness regarding adoption of eco-friendly lighting solutions increase the demand for automotive lighting. The introduction of stringent government regulations regarding use of eco-friendly lighting further increases the demand for automotive lighting. Growing demand from emerging economies, and technological advancements are factors expected to provide numerous growth opportunities for the Automotive Lighting Market during the forecast period.

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The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Automotive Lighting Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.

The Asia-Pacific Automotive Lighting Market generated the highest revenue in the market in 2017 owing to increasing disposable income and improved living standards in the region. The established automotive industry, and strict government regulations have resulted in increasing adoption of automotive lighting in the region.

Competitive Landscape and Key Vendors

The global automotive lighting market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.

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The leading companies profiled in the Automotive Lighting Market report include Osram GmbH, Koninklijke Philips N.V., Zizala Lichtsysteme GmbH, Magneti Marelli S.P.A., Stanley Electric Co., Ltd., Ichikoh Industries, Ltd., Hella KGaA Hueck & Co., Koito Manufacturing Co. Ltd., General Electric Lighting, and Valeo S.A.

Key Segments

Type

• Exterior
• Interior

Technology

• LED
• Halogen
• Xenon
• Others

End-User

• Passenger Vehicles
• Commercial Vehicles

Sales Channel

• OEM
• Aftermarket

Region

• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Italy
o Rest of Europe
• Asia-Pacific
o China
o India
o Japan
o Rest of Asia-Pacific
• Latin America
o Brazil
o Rest of Latin America
• Middle East and Africa

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About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.

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Polaris Market Research
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