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Automotive Lighting Market to Reach USD 32.52 Billion by 2030 at a 5.04% CAGR

01-13-2025 06:33 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD.

Automotive Lighting Market

Automotive Lighting Market

๐†๐ฅ๐จ๐›๐š๐ฅ ๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐‹๐ข๐ ๐ก๐ญ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ญ๐จ ๐‘๐ž๐š๐œ๐ก ๐”๐’๐ƒ ๐Ÿ“๐Ÿ’.๐Ÿ๐Ÿ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐›๐ฒ ๐Ÿ๐ŸŽ๐Ÿ‘๐ŸŽ, ๐†๐ซ๐จ๐ฐ๐ข๐ง๐  ๐š๐ญ ๐š ๐‚๐€๐†๐‘ ๐จ๐Ÿ ๐Ÿ”.๐Ÿ–% ๐ƒ๐ฎ๐ซ๐ข๐ง๐  ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ‘-๐Ÿ๐ŸŽ๐Ÿ‘๐ŸŽ

The Global Automotive Lighting Market, valued at USD 34.76 billion in 2023, is projected to grow at a robust CAGR of 6.8%, reaching USD 54.21 billion by 2030. Automotive lighting continues to play a pivotal role in vehicle safety and aesthetics, driven by technological advancements and increasing adoption of energy-efficient solutions.

This press release provides an in-depth analysis of the automotive lighting market, highlighting regional opportunities, key trends, and recent developments. Specific focus is given to countries such as Vietnam, China, Thailand, Japan, South Korea, Singapore, the US, and Europe, along with significant mergers, acquisitions, and trends shaping the industry.

๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐‹๐ข๐ ๐ก๐ญ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ

Vietnam's automotive lighting market is witnessing a surge in demand due to increasing vehicle production and rising disposable income. The adoption of Osram GmbH and Hella KGaA Hueck & Co. solutions is driving growth, with local manufacturers collaborating on LED and adaptive lighting systems. Mergers like the collaboration between VinFast and international lighting suppliers have boosted innovation.

๐‹๐จ๐จ๐ค๐ข๐ง๐  ๐Ÿ๐จ๐ซ ๐ฆ๐จ๐ซ๐ž ๐ข๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง? ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐š ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐จ๐ซ ๐ข๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐ง๐จ๐ฐ : https://www.maximizemarketresearch.com/request-sample/26778/

๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐‹๐ข๐ ๐ก๐ญ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐‚๐ก๐ข๐ง๐š

China dominates the global automotive lighting market, fueled by its massive automotive industry and the adoption of cutting-edge lighting technologies. The recent acquisition of Varroc Engineering's lighting division by Plastic Omnium further consolidates China's position in the market. The shift toward electric vehicles (EVs) is driving the adoption of advanced lighting systems, with players like Lumileds partnering with Chinese automakers.

๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐‹๐ข๐ ๐ก๐ญ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐“๐ก๐š๐ข๐ฅ๐š๐ง๐

Thailand's automotive lighting market is experiencing rapid growth, supported by government initiatives to promote EV manufacturing. Key trends include the integration of adaptive headlights and OLED technology by companies like Koito Manufacturing Co., Ltd. The increasing number of joint ventures, such as the partnership between local firms and Stanley Electric Co., Ltd., highlights a collaborative approach to market expansion.

๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐‹๐ข๐ ๐ก๐ญ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐‰๐š๐ฉ๐š๐ง

Japan remains a leader in automotive lighting innovation. Recent consolidation efforts, such as the strategic alliance between Mitsubishi Electric Corporation and Nichia Corporation, aim to develop energy-efficient solutions for global markets. Japanese manufacturers are focusing on laser lighting and smart lighting systems to maintain their competitive edge.

๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐‹๐ข๐ ๐ก๐ญ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐”๐ฉ๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š

South Korea's automotive lighting industry is evolving with significant investments in R&D by companies like Hyundai Mobis and Samsung LED. The development of AI-powered lighting systems and advanced safety features has made South Korea a hub for next-generation automotive lighting. Collaborations with European automakers for OLED lighting integration are also noteworthy.

๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐‹๐ข๐ ๐ก๐ญ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž

Singapore's automotive lighting market is niche yet dynamic, with a focus on luxury and electric vehicles. Companies like Valeo are partnering with local firms to introduce adaptive and matrix LED systems. Government policies encouraging sustainable solutions have further propelled advancements in the lighting segment.

๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐‹๐ข๐ ๐ก๐ญ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐”๐’

The United States is at the forefront of automotive lighting innovation, driven by increasing EV adoption and stringent safety regulations. Key players such as Magneti Marelli and Gentex Corporation are investing in adaptive lighting and smart headlamp technologies. Recent mergers, including the acquisition of Varroc Lighting Systems by Venture Lighting International, signal a consolidation trend.

๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐‹๐ข๐ ๐ก๐ญ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐„๐ฎ๐ซ๐จ๐ฉ๐ž

Europe's automotive lighting market is characterized by stringent regulations and a focus on sustainability. Companies like Hella KGaA Hueck & Co. and OSRAM GmbH are leading the market with advancements in LED and laser lighting technologies. The merger between ZKW Group and LG Electronics highlights the region's commitment to innovative and sustainable solutions.

๐Š๐ž๐ฒ ๐‘๐ž๐œ๐ž๐ง๐ญ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ

๐‡๐ž๐ฅ๐ฅ๐š ๐Š๐†๐š๐€ ๐‡๐ฎ๐ž๐œ๐ค & ๐‚๐จ unveiled its latest matrix LED headlights for luxury vehicles in 2024.

๐Ž๐’๐‘๐€๐Œ ๐†๐ฆ๐›๐‡ partnered with leading EV manufacturers to develop smart lighting solutions.

๐Š๐จ๐ข๐ญ๐จ ๐Œ๐š๐ง๐ฎ๐Ÿ๐š๐œ๐ญ๐ฎ๐ซ๐ข๐ง๐  ๐‚๐จ., ๐‹๐ญ๐. announced its investment in OLED technologies to cater to the luxury vehicle segment.

๐•๐š๐ฅ๐ž๐จ expanded its presence in Asia with the introduction of adaptive lighting systems in Thailand and Vietnam.

๐‹๐จ๐จ๐ค๐ข๐ง๐  ๐Ÿ๐จ๐ซ ๐ฆ๐จ๐ซ๐ž ๐ข๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง? ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐š ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐จ๐ซ ๐ข๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐ง๐จ๐ฐ :https://www.maximizemarketresearch.com/request-sample/26778/

๐ƒ๐ข๐ฌ๐œ๐จ๐ฏ๐ž๐ซ ๐ค๐ž๐ฒ ๐ฌ๐ž๐ ๐ฆ๐ž๐ง๐ญ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐  ๐ญ๐ก๐ž ๐ ๐ซ๐จ๐ฐ๐ญ๐ก ๐จ๐Ÿ ๐ญ๐ก๐ž ๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐‹๐ข๐ ๐ก๐ญ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ :

๐›๐ฒ ๐‹๐ข๐ ๐ก๐ญ ๐’๐จ๐ฎ๐ซ๐œ๐ž

Halogen
Xenon/HID
LED

In 2023, the halogen segment had the largest share, at over 36.72%, according to Light Source. The halogen lighting market is expanding due to a number of factors, such as its cheap replacement costs, affordability, and ease of availability. Halogen lights are widely available, reasonably priced, and available in a range of sizes, which makes them a popular option for customers. It's important to remember, though, that the use of halogen lamps is restricted due to the considerable heat produced during light emission.

๐›๐ฒ ๐•๐ž๐ก๐ข๐œ๐ฅ๐ž ๐“๐ฒ๐ฉ๐ž

Passenger Vehicle

Commercial Vehicle
Electric Vehicle

Over the course of the projection period, the Passenger Vehicle segment is anticipated to increase at a compound annual growth rate (CAGR) of 5.87%. A significant portion of the industry is made up of passenger cars, and as their sales increase globally, there is a steady need for innovative lighting solutions. Passenger car owners are increasingly prioritizing total driving comfort, safety, and aesthetics. In order to satisfy these changing consumer expectations, various lighting technologies have been adopted, such as LED headlamps, adaptive lighting systems, and dynamic lighting features.

๐›๐ฒ ๐๐จ๐ฌ๐ข๐ญ๐ข๐จ๐ง

Front Lighting

Rear Lighting
Side Lighting
Interior Lighting

๐›๐ฒ ๐’๐š๐ฅ๐ž๐ฌ ๐‚๐ก๐š๐ง๐ง๐ž๐ฅ

Original Equipment Manufacturers (OEMs)
Aftermarket

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐๐ž๐ญ๐š๐ข๐ฅ๐ž๐ ๐๐š๐ญ๐š ๐š๐ง๐ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐›๐ฒ ๐ฏ๐ข๐ž๐ฐ๐ข๐ง๐  ๐ญ๐ก๐ž ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž : @https://www.maximizemarketresearch.com/market-report/global-automotive-lighting-market/26778/

๐‹๐ž๐š๐ซ๐ง ๐š๐›๐จ๐ฎ๐ญ ๐ญ๐ก๐ž ๐ญ๐จ๐ฉ ๐ฉ๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐  ๐ข๐ง๐ง๐จ๐ฏ๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐ญ๐ก๐ž ๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐‹๐ข๐ ๐ก๐ญ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ :

1. Continental AG
2. HELLA GmbH & Co. KGaA (Faurecia SE)
3. Hyundai Mobis (Hyundai Motor Group)
4. Koito Manufacturing Co. Ltd.
5. Koninklijke Philips N.V.
6. LG Electronics Inc.
7. Lumax Industries Limited
8. Marelli Holdings Co. Ltd.
9. Osram Licht AG (ams AG)
10. Robert Bosch GmbH
11. Samsung Electronics Co. Ltd.
12. Stanley Electric Co. Ltd.
13. Valeo
14. Other

๐†๐ž๐ญ ๐š๐ง๐ฌ๐ฐ๐ž๐ซ๐ฌ ๐ญ๐จ ๐œ๐ซ๐ข๐ญ๐ข๐œ๐š๐ฅ ๐ช๐ฎ๐ž๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐ฌ๐ก๐š๐ฉ๐ข๐ง๐  ๐ญ๐ก๐ž ๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐‹๐ข๐ ๐ก๐ญ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ :

What is Automotive Lighting ?
What is the growth rate of the Automotive Lighting Market?
Which are the factors expected to drive the Automotive Lighting market growth?
What is the CAGR at which the Automotive Lighting market will grow during the forecast period?
What are the different segments of the Automotive Lighting Market?
Which is the fastest growing region in the Automotive Lighting market?
What growth strategies are the players considering to increase their presence in Automotive Lighting ?
What are the upcoming opportunities and trends for the Automotive Lighting Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Automotive Lighting Market?
Who are the leading companies and what are their portfolios in Automotive Lighting Market?
What segments are covered in the Automotive Lighting Market?
Who are the key players in the Automotive Lighting market?

๐†๐š๐ข๐ง ๐š๐œ๐œ๐ž๐ฌ๐ฌ ๐ญ๐จ ๐ฏ๐š๐ฅ๐ฎ๐š๐›๐ฅ๐ž ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก ๐ญ๐ก๐ž ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐ฅ๐ข๐ง๐ค @https://www.maximizemarketresearch.com/request-sample/26778/

๐†๐ž๐ญ ๐š ๐œ๐ฅ๐จ๐ฌ๐ž๐ซ ๐ฅ๐จ๐จ๐ค ๐š๐ญ ๐ญ๐ก๐ž ๐ ๐š๐ฆ๐ž-๐œ๐ก๐š๐ง๐ ๐ข๐ง๐  ๐ฉ๐ซ๐จ๐๐ฎ๐œ๐ญ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐  ๐ฌ๐ฎ๐œ๐œ๐ž๐ฌ๐ฌ.

Past Size and Competitive Landscape
โ€ข Past Pricing and price curve by region
โ€ข Size, Share, Size Forecast by different segment
โ€ข Dynamics Growth Drivers, Restraints, Opportunities, and Key Trends by Region
โ€ข Segmentation A detailed analysis by segment with their sub-segments and Region
โ€ข Competitive Landscape Profiles of selected key players by region from a strategic perspective

๐‚๐ก๐ž๐œ๐ค ๐จ๐ฎ๐ญ ๐จ๐ฎ๐ซ ๐ญ๐ซ๐ž๐ง๐๐ข๐ง๐  ๐ฌ๐ญ๐ฎ๐๐ข๐ž๐ฌ ๐ญ๐จ ๐ฎ๐ง๐๐ž๐ซ๐ฌ๐ญ๐š๐ง๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ฌ๐ก๐ข๐Ÿ๐ญ๐ฌ :

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โ™ฆ US Artificial Intelligence (AI) Market https://www.maximizemarketresearch.com/market-report/us-artificial-intelligence-ai-market/11352/

โ™ฆ Microcrystalline Cellulose Market https://www.maximizemarketresearch.com/market-report/microcrystalline-cellulose-market/13475/

โ™ฆ Global Agricultural Micronutrients Market https://www.maximizemarketresearch.com/market-report/global-agricultural-micronutrients-market/50434/

โ™ฆ Global Automatic Train Control Market https://www.maximizemarketresearch.com/market-report/global-automatic-train-control-market/29767/

โ™ฆ Geospatial Solutions Market https://www.maximizemarketresearch.com/market-report/global-geospatial-solutions-market/61529/

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