Automotive Lighting System Market Size, Share, Opportunities, And Trends By Technology (LED, Halogen, Xenon), By Vehicle Type (Economy, Mid-range, Luxury), By Application (Interior Lighting, Car Body Lighting, Ambient Lighting, Reading Lights, Roof Console, Exterior Lighting, Head Lamps, Rear Lamps, Side Lighting, Others), And By Geography – Forecast From 2023 To 2028

The automotive lighting systems market is estimated to grow at a CAGR of 11.68%, reaching US$131.386 billion in 2028 from US$60.640 billion in 2021.

Car sales have a direct impact on the overall demand for car lights. Lights are more in demand when there are more cars on the road. Governments and regulatory agencies frequently enforce strict lighting requirements for automobiles, such as daytime running lighting, High-Intensity Discharge (HID) headlights, or LED tail lights. As consumers and manufacturers look for more effective, long-lasting lighting solutions, advancements in lighting technology, such as switching from conventional halogen bulbs to LED technology or HID lights, may increase demand.

Advancements in Automobile Industry

The automobile industry is going through a technological revolution that is characterized by the fusion of new technology with conventional auto manufacturing. Automotive lighting producers are creating new lighting technologies that will replace outdated standard lights in response to the growing trend of electric vehicles. New vehicle models with the greatest interiors are being introduced by electric vehicle makers. For instance, Lucid Motors introduced Lucid Air in September 2020. This elegant electric car features a full-size luxury-class cabin and is based on Lucid's unique Space Concept philosophy.

Interior Lighting Advancements

The advancements in interior lighting are mostly motivated by demands for safety, interaction, comfort, and style. Some of the newest lighting technologies include light predictions, smart LEDs, micro-LEDs, smart functioning surfaces, laser-based lighting, directing materials for 3D patterns of light on-demand, and area backlight with hidden-until-lit effects. For instance, Hella FlatLight technology, a new lighting invention for rear combo lamps, was introduced in January 2020. The application of light's scattering properties is made possible by optical technology, which is only a few micrometers in size.

Asia Pacific is Expected to Grow Significantly

The bolstering growth for automotive lighting systems in the region is due to increasing demand & sales for commercial vehicles across different countries. The increasing production of automobiles is a major factor giving a boost to the Automotive Lighting System Market in the China market. The demand for both passenger & commercial vehicles is expected to witness an upward trend coupled with the rising disposable income of middle-income consumers. According to the estimates from the China Association of Automobile Manufacturers (CAAM), the Chinese carmaker produced around 27.02 million units in the year 2022, which is around 3.4% from the year 2021. This highlights positive prospects for the Automotive Lighting System in the China market. Further, the innovations in LED technology are expected to propel market growth till the forecast period.

Major Market Player

• Valeo SE has well established itself as one of the leading providers of automotive lighting systems. The company’s sophisticated and innovative lighting technology for automobiles makes its products stand out. For instance, the company’s LED Artificial Intelligence-based “PictureBeam Monolithic” technology enhances road safety at night.

Key Market Developments

• Hyundai Mobis introduced a new "lighting grille" technology in June 2021, which integrates an LED lighting function in a car's front grille. The entire front grille of the car can serve as a lighting source according to Hyundai Mobis' "lighting grille" technology.
• In October 2022, Valeo Se formed a collaboration with SRG Global to provide next-generation exterior automotive lighting systems for automakers in Europe and North America.

Automotive Lighting System Market Scope:

 

Report Metric	Details
Market Size Value in 2021	US$60.640 billion
Market Size Value in 2028	US$131.386 billion
Growth Rate	CAGR of 11.68% from 2021 to 2028
Base Year	2021
Forecast Period	2023 – 2028
Forecast Unit (Value)	USD Billion
Segments Covered	Technology, Vehicle Type, Application, and Geography
Regions Covered	North America, South America, Europe, Middle East and Africa, Asia Pacific
Companies Covered	GK Holdings (Magneti Marelli S.p.A), 3D sensing specialist ams (Osram Group), Faurecia, HELLA GmbH & Co., Merck KGaA, Koninklijke Philips N.V., Samsung Electronics Co. Ltd., Baxter, Bosch Limited, Magna International Inc.
Customization Scope	Free report customization with purchase

 

Segmentation:

• By Technology
  • LED
  • Halogen
  • Xenon
• By Vehicle Type
  • Economy
  • Mid-range
  • Luxury
• By Application
  • Interior Lighting
    • Car Body Lighting
    • Ambient Lighting
    • Reading Lights
    • Roof Console
  • Exterior Lighting
    • Head Lamps
    • Rear Lamps
    • Side Lighting
    • Others
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Indonesia
    • Thailand
    • Taiwan
    • Others

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1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Sources

2.3. Research Design

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. AUTOMOTIVE LIGHTING SYSTEMS MARKET ANALYSIS, BY TECHNOLOGY

5.1. Introduction

5.2. LED

5.3. Halogen

5.4. Xenon

6. AUTOMOTIVE LIGHTING SYSTEMS MARKET ANALYSIS, BY VEHICLE TYPE

6.1. Introduction

6.2. Economy

6.3. Mid-range

6.4. Luxury

7. AUTOMOTIVE LIGHTING SYSTEMS MARKET ANALYSIS, BY APPLICATION

7.1. Introduction

7.2. Interior Lighting

7.3. Car Body Lighting

7.4. Ambient Lighting

7.5. Reading Lights

7.6. Roof Console

7.7. Exterior Lighting

7.8. Head Lamps

7.9. Rear Lamps

7.10. Side Lighting

7.11. Others

8. AUTOMOTIVE LIGHTING SYSTEMS MARKET ANALYSIS, BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. By Technology

8.2.2. By Vehicle Type

8.2.3. By Application

8.2.4. By Country

8.2.4.1. United States

8.2.4.2. Canada

8.2.4.3. Mexico

8.3. South America

8.3.1. By Technology

8.3.2. By Vehicle Type

8.3.3. By Application

8.3.4. By Country

8.3.4.1. Brazil

8.3.4.2. Argentina

8.3.4.3. Others

8.4. Europe

8.4.1. By Technology

8.4.2. By Vehicle Type

8.4.3. By Application

8.4.4. By Country

8.4.4.1. United Kingdom

8.4.4.2. Germany

8.4.4.3. France

8.4.4.4. Italy

8.4.4.5. Spain

8.4.4.6. Others

8.5. Middle East and Africa

8.5.1. By Technology

8.5.2. By Vehicle Type

8.5.3. By Application

8.5.4. By Country

8.5.4.1. Saudi Arabia

8.5.4.2. UAE

8.5.4.3. Israel

8.5.4.4. Others

8.6. Asia Pacific

8.6.1. By Technology

8.6.2. By Vehicle Type

8.6.3. By Application

8.6.4. By Country

8.6.4.1. China

8.6.4.2. Japan

8.6.4.3. South Korea

8.6.4.4. India

8.6.4.5. Indonesia

8.6.4.6. Thailand

8.6.4.7. Taiwan

8.6.4.8. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Vendor Competitiveness Matrix

10. COMPANY PROFILES

10.1. GK Holdings (Magneti Marelli S.p.A)

10.2. 3D sensing specialist ams (Osram Group)

10.3. Faurecia

10.4. HELLA GmbH & Co.

10.5. Merck KGaA

10.6. Koninklijke Philips N.V.

10.7. Samsung Electronics Co. Ltd.

10.8. Baxter

10.9. Bosch Limited

10.10. Magna International Inc.

GK Holdings (Magneti Marelli S.p.A)

3D sensing specialist ams (Osram Group)

Faurecia

HELLA GmbH & Co.

Merck KGaA

Koninklijke Philips N.V.

Samsung Electronics Co. Ltd.

Baxter

Bosch Limited

Magna International Inc.