Authored By: Sarah
21 Jun 2024

 Automotive Lighting Market to grow by USD 12377.6 million between 2024-2028

According to a research report “ Automotive Lighting Market” by Vehicle Type (Passenger cars, Commercial vehicles) End-user (OEM, Aftermarket) Geography (APAC, Europe, North America, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 12377.6 million at a CAGR of almost 8.09% during the forecast period. The automotive lighting market is experiencing significant growth due to the increasing use of interior lights in vehicles. These lights enhance the aesthetic value of automobiles, expanding perceived cabin space through dynamic lighting effects. Notable examples include General Motors' Camaro 2LT and Camaro SS models, which offer 24 distinct lighting options. Ambient lighting, in particular, emphasizes textures and conveys a premium feel. Despite this trend, manufacturers prioritize driver safety, ensuring cabin lighting luminance remains below optimal levels to minimize distraction..

Browse market data tables, figures, and in-depth TOC on “Automotive Lighting Market” by Vehicle Type (Passenger cars, Commercial vehicles) End-user (OEM, Aftermarket) Geography (APAC, Europe, North America, South America, Middle East and Africa) Global Forecast to 2028.

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By Vehicle Type, the Passenger cars segment is projected to dominate the market size in 2024.

The automotive lighting market is experiencing significant growth, driven by advancements in lighting technology and increasing consumer demand for enhanced safety and aesthetics. LED lighting, in particular, is gaining popularity due to its energy efficiency and long lifespan. Additionally, the integration of smart lighting systems and the rise of electric and autonomous vehicles are creating new opportunities in this sector. Overall, the automotive lighting market is poised for continued expansion in the coming years.

By End-user, OEM  segment is expected to hold the largest market size for the year 2024.

The automotive lighting market is experiencing significant growth, driven by advancements in lighting technology and increasing consumer demand for enhanced safety and aesthetics. LED lighting, in particular, is gaining popularity due to its energy efficiency and long lifespan. Additionally, the integration of smart lighting systems and the rise of electric and autonomous vehicles are creating new opportunities in this sector. Overall, the automotive lighting market is poised for continued expansion in the coming years.

APAC is forecasted to hold the largest market size by region in 2024.

The automotive lighting market is experiencing significant growth, driven by advancements in lighting technology and increasing consumer demand for enhanced safety and aesthetics. LED lighting, in particular, is gaining popularity due to its energy efficiency and long lifespan. Additionally, the integration of smart lighting systems and the rise of electric and autonomous vehicles are creating new opportunities in this sector. Overall, the automotive lighting market is poised for continued expansion in the coming years.

The Automotive Lighting Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Continental AG
  • FlexNGate Group of Companies
  • General Electric Co.
  • Hyundai Motor Group
  • Koito Manufacturing Co. Ltd.
  • Koninklijke Philips N.V.
  • LG Corp.
  • Lumax Industries Ltd
  • Marelli Holdings Co. Ltd.
  • Namyung Lighting Co. Ltd
  • NXP Semiconductors NV
  • OSRAM Licht AG
  • Robert Bosch GmbH
  • Samsung Electronics Co. Ltd.
  • Seoul Semiconductor Co. Ltd.
  • Stanley Electric Co. Ltd.
  • Stellantis NV
  • Suprajit Engineering Ltd.
  • Valeo SA
  • Varroc Engineering Ltd.
.

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Research Analysis Overview

The Automotive Lighting Market encompasses various lighting technologies and equipment used in passenger vehicles and motor vehicles. Key components include cooling equipment for LED lamps, visibility-enhancing features such as Daytime Running Lights (DRLs) and adaptive lighting systems, and advanced lighting technologies like Laser Headlights and High-Intensity Discharge (HID) headlights using Xenon or Indium Gallium Nitride. These advanced lighting systems play a crucial role in ensuring vehicle movements are visible to other road users, reducing the risk of traffic collisions and fatal crashes. Smart lighting systems, including LED tail lights and laser lighting technology, are increasingly adopted in luxury vehicles to improve overall vehicle aesthetics and safety. Vehicle manufacturers continue to invest in research and development to address road hazards and improve pedestrian safety through advanced lighting systems. The market for automotive lighting is expected to grow significantly due to the increasing demand for safer and more energy-efficient lighting solutions. In summary, the Automotive Lighting Market focuses on providing advanced lighting technologies and equipment for passenger and motor vehicles, ensuring improved visibility, safety, and aesthetics for car users.

Market Research Overview

The Automotive Lighting Market encompasses a range of lighting technologies and applications, including side lighting, dynamic lighting features, and improved visibility in passenger vehicles, electric vehicles, two-wheelers, heavy trucks, delivery vans, pickup trucks, LCVs, and commercial vehicles. Superior illumination is achieved through specialized lighting technologies such as LED, Laser headlights, and High-Intensity Discharge headlights. Design flexibility is prioritized through lighting grille technology and luxury features like cabin lights. Safety is a key consideration, with adaptive lighting systems, energy-efficient lighting solutions, and glare-free lighting systems reducing traffic collisions and fatal crashes. Vehicle aesthetics are enhanced through the use of LED tail lights, daytime running lights, turn signal lights, rear fog lights, reversing lights, and brake lights. The market also caters to the needs of vehicle manufacturers, offering solutions for road safety, adaptive lighting, and smart lighting systems. The integration of advanced lighting technologies, such as matrix LEDs, OLED, and aluminum gallium arsenide, further enhances the functionality and efficiency of automotive lighting.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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