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Automotive Lighting Market worth $35.76 billion by 2030, growing at a CAGR of 7.13% - Exclusive Report by 360iResearch
Automotive Lighting Market | 360iResearch
The Global Automotive Lighting Market to grow from USD 22.07 billion in 2023 to USD 35.76 billion by 2030, at a CAGR of 7.13%.
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Automotive lighting refers to a comprehensive range of illumination systems and components integrated into motor vehicles to enhance visibility, safety, and aesthetic appeal. Automotive lighting solutions play a crucial role in ensuring the optimal performance of automobiles during diverse driving conditions while conforming to stringent regulatory standards across various jurisdictions. Increased emphasis on vehicle safety due to strict regulations, rising automobile production driven by global population growth and urbanization, and growing adoption of electric vehicles have increased the demand for automotive lighting. However, the high costs of advanced technologies, tech compatibility issues integrating new lighting systems into existing platforms, and varying regulations impacting product development across countries limit product penetration worldwide. Nevertheless, technological advancements, including LED and laser-based lighting, ambient interior lighting innovations for enhanced driver experience, and integration with Advanced Driver Assistance Systems (ADAS), are developing a potential platform for automotive lighting. Moreover, research areas exploring smart materials with improved energy efficiency and possible integration with Vehicle-to-Everything (V2X) communication technologies for enhanced safety & connectivity are expected to create growth opportunities for the automotive lighting market in the forecast period.
The Americas represent a significant market for automotive lighting due to the adoption of energy-efficient, advanced lighting technologies and stringent government regulations related to vehicle safety and environmental concerns. A growing demand for LED and adaptive headlights for enhanced visibility is increasing the deployment of automotive lighting in the region. Manufacturers in the Americas focus on R&D investments to develop innovative solutions catering to consumer preferences. The European Union (EU) countries also play a crucial role in the automotive lighting market, with a notable shift towards intelligent light systems incorporating adaptive driving beams and matrix LED technology. The EU legislation encourages reductions in CO₂ emissions by promoting energy-saving technologies, including LED lights. Rapid urbanization and economic growth in the Middle East region have increased automobile sales. Governments are introducing stringent safety regulations to reduce road accidents, which result in higher demand for advanced automotive lighting products. However, limited automotive sales and production and lower consumer expenses towards the premium automotive category potentially hinder market growth in the African regions. In Asia Pacific, high vehicle production rates, soaring demand for passenger cars, and increasing focus on green initiatives and electric vehicles (EVs) have significantly contributed to the growth of the automotive lighting market.
Market Segmentation & Coverage:
This research report categorizes the Automotive Lighting Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Technology, market is studied across Halogen, LED, and Xenon or HID. The LED is projected to witness significant market share during forecast period.
Based on Type, market is studied across Exterior Lighting and Interior Lighting. The Exterior Lighting is further studied across Centre High-Mount Stop Light, Day Time Running Lights, Fog Lights, Headlights, Sidelights, and Taillights. The Interior Lighting is further studied across Dashboard, Dome Lights, Glovebox, and Reading Lights. The Exterior Lighting is projected to witness significant market share during forecast period.
Based on Sales Channel, market is studied across Aftermarket Products and Original Equipment Manufacturers. The Aftermarket Products is projected to witness significant market share during forecast period.
Based on Vehicle Type, market is studied across Commercial Vehicle and Passenger Vehicle. The Commercial Vehicle is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 37.59% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Automotive Lighting Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Automotive Lighting Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Automotive Lighting Market, highlighting leading vendors and their innovative profiles. These include Automotive Custom Lighting, Continental AG, Denso Corporation, Federal-Mogul Corporation, Gentex Corporation, Hella KGaA Hueck & Co., Hyundai Mobis Co. Ltd., Ichikoh Industries, Ltd., Infineon Technologies AG, Intertek Group PLC, Koito Manufacturing Co., Ltd., Koninklijke Philips N.V., Lumileds Holding B.V., Magneti Marelli S.p.A., NXP Semiconductors N.V., OLEDWorks LLC, Osram Licht AG, Renesas Electronics Corporation, Robert Bosch Gmbh, ROHM CO., LTD., SABIC, Samsung Electronics Co., Ltd., Stanley Electric Co., Ltd., Ta Yih Industrial Co.,Ltd., Texas Instruments Incorporated, Valeo S.A., and Zizala Lichtsysteme Gmbh.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Automotive Lighting Market, by Technology
7. Automotive Lighting Market, by Type
8. Automotive Lighting Market, by Sales Channel
9. Automotive Lighting Market, by Vehicle Type
10. Americas Automotive Lighting Market
11. Asia-Pacific Automotive Lighting Market
12. Europe, Middle East & Africa Automotive Lighting Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Automotive Lighting Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Automotive Lighting Market?
3. What is the competitive strategic window for opportunities in the Automotive Lighting Market?
4. What are the technology trends and regulatory frameworks in the Automotive Lighting Market?
5. What is the market share of the leading vendors in the Automotive Lighting Market?
6. What modes and strategic moves are considered suitable for entering the Automotive Lighting Market?
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
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