openPR Logo
Press release

Automotive Lighting Market 2030 Key Business Strategies by DENSO Corp, Hella KGaA Hueck & Co, Hyundai Mobis, Koito Manufacturing, Koninklijke Philips, Osram Licht, ROBERT BOSCH, Stanley Electric, Valeo, Zizala Lichtsysteme

04-09-2020 06:49 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

Automotive Lighting Market 2030 Key Business Strategies

Allied Market Research published a report, titled, "Automotive Lighting Market by Technology (Halogen, Xenon/HID, and LED), Vehicle Type (ICE (Passenger Vehicle, Commercial Vehicle) and Electric Vehicle (Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), and Plug-in Hybrid Electric Vehicle (PHEV)), Application (Front/Headlamps, Rear Lighting, Side, Interior Lighting), and Product Sale (Original Equipment Manufacturers (OEMs) and Aftermarket Products): Global Opportunity Analysis and Industry Forecast, 2018-2026" As per the report, the global automotive lighting industry was estimated at $18.00 billion in 2018 and is expected to hit $28.77 billion by 2026, registering a CAGR of 6.7% from 2019 to 2026.

Drivers, restraints, and opportunities

Rise in automobile production, increase in awareness for road safety, and stringent government regulations drive the growth of the automotive lighting market. On the other hand, high cost of LED lights hampers the growth to some extent. However, increase in demand for advanced technology in vehicle is expected to create an array of opportunities for the frontrunners in the industry.

Download Sample Report:

The halogen segment to lead the trail till 2026

Based on technology, the halogen segment contributed to more than two-fifths of the global automotive lighting market share in 2018 and is expected to retain its dominance throughout 2019-2026. On the other hand, the LED segment is expected to cite the fastest CAGR of 9.9% by 2026. This is due to its longer life and better efficiency as compared to other lighting technologies to be used in vehicles.

The rear lighting segment to rule the roost in terms of revenue

Based on application, the rear lighting segment accounted for nearly one-third of the global automotive lighting market revenue in 2018 and is anticipated to maintain its top status during the study period. This is due to higher adoption of better lighting to ensure safety while driving and continuous advancements in the rear lighting technology. On the other hand, the interior lighting segment is projected to register the fastest CAGR of 7.3% throughout the estimated period.

For Purchase Inquiry:

Asia-Pacific to maintain the lion's share by 2026, followed by North America

Based on geography, Asia-Pacific held the major share in 2018, garnering more than half of the global automotive lighting market. Furthermore, the region is expected to maintain its dominance with the fastest CAGR of 6.9% by the end of 2026. Factors such as the rising sale & production of vehicles, adoption of advanced lighting and constant development in automotive lighting are driving the growth of the region. On the other hand, North America is expected to register the second fastest CAGR of 6.6% during the study period.

Key market players

Hella KGaA Hueck & Co.
Osram Licht AG
DENSO Corporation
Hyundai Mobis
Koninklijke Philips N.V.
Stanley Electric Co.
Zizala Lichtsysteme GmbH
Koito Manufacturing Co.

Schedule a Call With Our Analysts/Industry Experts:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
Allied Market Research Blog:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Automotive Lighting Market 2030 Key Business Strategies by DENSO Corp, Hella KGaA Hueck & Co, Hyundai Mobis, Koito Manufacturing, Koninklijke Philips, Osram Licht, ROBERT BOSCH, Stanley Electric, Valeo, Zizala Lichtsysteme here

News-ID: 2005876 • Views: 1593

More Releases from Allied Market Research

Tow Truck Market Top Manufacturers, Product Types, Sales and Demand 2020-2027
Tow truck also known as a recovery vehicle is used to move improperly parked, damaged, and impounded motor vehicles from one place to another. Furthermore, brackets are the devices used to lift the vehicle which avoids damaging the front panel of the vehicle. Brackets are installed around the wheels of the vehicle and then are secured in place with steel pins. Tow trucks are designed to safely and quickly transport
Microscope Market 2020-2027: Emerging Trends, Market Share, Top Impacting Factor …
Allied Market Research published an exclusive report, titled, “Microscope Market By Type (Scanning Electron Microscope, Transmission Electron Microscope, Focused Ion Beam, and Others) and End Use (Semiconductor & Microelectronics, Healthcare, General Manufacturing, Food Processing, Construction, and Other): Global Opportunity Analysis and Industry Forecast, 2020–2027”. The microscope market report offers an in-depth analysis of every crucial factor that affects the market growth including recent market developments, key market players, and decisive trends.
Epigenetics Market Share Analysis, Advancement and Precise Outlook – 2023
According to the report, the global epigenetics market was valued at $630 million in 2017 and is expected to reach $1,321 million by 2023, registering a CAGR of 13.1% during the forecast period. Request Sample Report at: Epigenetics is an area of developmental biology that involves the study of cellular and physiological trait variations initiated by external or ecological aspects. This external stimulus swipe genes on and off and affect
Postpartum Hemorrhage (PPH) Devices Market Top-Companies, Future-Growth, Regiona …
The factors that are expected to drive the growth of the PPH market are: increasing incidence of pregnancy related complications, such as multiple pregnancies, inverted uterus, and large baby size; increasing risk factors which cause PPH, such as uterine atony, trauma, retained placenta, and bleeding disorders; and technological advancements in the recently approved devices. However, the lack of trained professionals and healthcare services in developing countries hamper the market growth. Post-partum

All 5 Releases

More Releases for Vehicle

Fuel Cell Vehicle Market
The report aims to provide an overview of the global Fuel Cell Vehicle Market with detailed market segmentation by technology, vehicle type, and geography. The global fuel cell vehicle market is expected to witness high growth during the forecast period. The fuel cell vehicle market report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market. Get Sample Copy of
Electrical Vehicle Business
India is exploring the market acceptance and industry dynamics of the electric vehicles manufacturing and servicing sector, both are at an early stage, as domestic OEMs are just started launching EV models and the acceptance is growing slowly. The government policies like rolling out new taxes and awareness about these vehicles will improve the interests significantly which will accelerate the segment’s profitability. Although India’s CO2 emission levels from electricity generation are
Reliable Vehicle Performance Testing
Grant Squirrel Ensures Safety and Robustness of Product Line CAS DataLoggers provided a major automobile manufacturer with the data logging solution for its rigorous vehicle performance testing. As part of the testing of any new vehicle, sample units were typically subject to a variety of endurance and durability tests to identify any potential weak points or failure modes and chart their performance. To gather the most detailed record of a car’s
Vehicle Tracking Market
Vehicle Tracking Market – Global Industry Analysis and Forecast (2017-2026) – By Product, Vehicle, Technology, Application and Region. Vehicle Tracking Market size is valued at US$ 8.1 Bn in 2017 and expected to grow at a CAGR of 7.5% in the forecasting period. size is valued at US$ 8.1 Bn in 2017 and expected to grow at a CAGR of 7.5% in the forecasting period. Vehicle tracking market size is estimated
Vehicle Detectors Market Vehicle detectors sense the presence of vehicles. They provide an output signal to a control unit, such as a gate or door operator, to open or close. When used as a safety device, vehicle detectors prevent a gate or door from closing on a vehicle. Global Vehicle Detectors market size will reach xx million US$ by 2025, from xx million US$ in 2017, at a CAGR of xx% during the forecast
Worldwide Technology: Vehicle-To-Vehicle (V2V) Communication Market 2018
Qyresearchreports include new market research report "Global Vehicle-To-Vehicle (V2V) Communication Market Research Report 2018" to its huge collection of research reports. A holistic and detailed overview of the global Vehicle-To-Vehicle (V2V) Communication market that includes information derived from utilizing various quantitative and qualitative analysis techniques has been compiled in this latest market report. This compilation offers its readers a great overview of the Vehicle-To-Vehicle (V2V) Communication market during a forecast period