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Press Release:

Global Automotive Lighting Market to Reach US$ 42.87 Billion by 2027, Propelled by Surging Sales of Luxury Cars

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Automotive Lighting Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global automotive lighting market reached a value of US$ 28.41 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 42.87 Billion by 2027 exhibiting a growth rate (CAGR) of 6.70% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Automotive lighting refers to all the light-emitting devices installed in automobiles, which include headlights, taillights, daytime running lights, fog lights, signal lights, brake lights, hazard lights, and driving lamps. They help illuminate different lanes and recognize roads, obstacles, and traffic signs to offer a safe driving experience. They add aesthetics to the interior and exterior parts of the vehicle while increasing its visibility on the road. At present, there is a rise in the integration of light-emitting diode (LED) lights in vehicles as they consume less power, have a longer life, and offer durability and strength as compared to halogen and high-intensity discharge (HID) lights.

 

 
 

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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Automotive Lighting Market Trends:

The growing awareness among the masses about road safety measures represents one of the key factors driving the market across the globe. Moreover, there is an increase in the utilization of new lighting technologies, such as smart LEDs, micro-LEDs, smart functional surfaces, laser-based lighting, guiding materials for 3D light patterns, and area backlighting with hidden-until-lit effects. This, along with the escalating demand for electric vehicles (EVs) due to the increasing air pollution worldwide and consequently rising environmental consciousness among individuals, is propelling the growth of the market. In addition, the wide availability of commercial vehicles through online stores and the expanding e-commerce industry is positively influencing the market. Besides this, governments of several countries are undertaking initiatives to promote the use of lighting systems in vehicles. Additionally, technological advancements in the automotive sector are offering lucrative growth opportunities to end-users and industry investors. Furthermore, key market players are extensively investing in research and development (R&D) activities to improve safety technologies. These players are also focusing on partnerships, which are projected to increase their overall sales and profitability.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive lighting market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on technology, vehicle type, sales channel and application.

Breakup by Technology:

 

 
 

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  • Halogen
  • Xenon/HID
  • LED
     

Breakup by Vehicle Type:

  • Passenger Vehicle
  • Commercial Vehicle
     

Breakup by Sales Channel:

  • Original Equipment Manufacturers
  • Aftermarket
     

Breakup by Application:

  • Front Lighting/Headlamps
  • Rear Lighting
  • Side Lighting
  • Interior Lighting
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Continental AG, General Electric Company, HELLA GmbH & Co. KGaA, Hyundai Mobis, Koito Manufacturing Co. Ltd., Koninklijke Philips N.V., LG Electronics Inc., Lumax Industries Limited, Magneti Marelli S.p.A., Osram Licht AG (ams AG), Robert Bosch GmbH, Samsung Electronics Co. Ltd., Stanley Electric Co. Ltd. and Valeo.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Technology, Vehicle Type, Sales Channel, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Continental AG, General Electric Company, HELLA GmbH & Co. KGaA, Hyundai Mobis, Koito Manufacturing Co. Ltd., Koninklijke Philips N.V., LG Electronics Inc., Lumax Industries Limited, Magneti Marelli S.p.A., Osram Licht AG (ams AG), Robert Bosch GmbH, Samsung Electronics Co. Ltd., Stanley Electric Co. Ltd. and Valeo.
Customization Scope 10% Free Customization
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1    Preface
2    Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Global Automotive Lighting Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Technology
    6.1    Halogen
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Xenon/HID
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    LED
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by Vehicle Type
    7.1    Passenger Vehicle
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Commercial Vehicle
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Sales Channel
    8.1    Original Equipment Manufacturers
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Aftermarket
        8.2.1 Market Trends
        8.2.2 Market Forecast
9    Market Breakup by Application
    9.1    Front Lighting/Headlamps
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Rear Lighting
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Side Lighting
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Interior Lighting
        9.4.1 Market Trends
        9.4.2 Market Forecast
10    Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia-Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis
    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Competitive Landscape
    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Continental AG
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio
           15.3.1.3 Financials
           15.3.1.4 SWOT Analysis
        15.3.2    General Electric Company
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
           15.3.2.3 Financials
           15.3.2.4 SWOT Analysis
        15.3.3    HELLA GmbH & Co. KGaA
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio
           15.3.3.3 Financials
        15.3.4    Hyundai Mobis
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio
           15.3.4.3 Financials
        15.3.5    Koito Manufacturing Co. Ltd.
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
           15.3.5.3 Financials
        15.3.6    Koninklijke Philips N.V.
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
           15.3.6.3 Financials
           15.3.6.4 SWOT Analysis
        15.3.7    LG Electronics Inc.
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
           15.3.7.3 Financials
           15.3.7.4 SWOT Analysis
        15.3.8    Lumax Industries Limited
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
           15.3.8.3 Financials
        15.3.9    Magneti Marelli S.p.A.
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
        15.3.10    Osram Licht AG (ams AG)
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio
           15.3.10.3 Financials
        15.3.11    Robert Bosch GmbH
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio
           15.3.11.3 SWOT Analysis
        15.3.12    Samsung Electronics Co. Ltd.
           15.3.12.1 Company Overview
           15.3.12.2 Product Portfolio
           15.3.12.3 Financials
           15.3.12.4 SWOT Analysis
        15.3.13    Stanley Electric Co. Ltd.
           15.3.13.1 Company Overview
           15.3.13.2 Product Portfolio
           15.3.13.3 Financials
        15.3.14    Valeo
           15.3.14.1 Company Overview
           15.3.14.2 Product Portfolio
           15.3.14.3 Financials
           15.3.14.4 SWOT Analysis

List of Figures

Figure 1: Global: Automotive Lighting Market: Major Drivers and Challenges
Figure 2: Global: Automotive Lighting Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Automotive Lighting Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Automotive Lighting Market: Breakup by Technology (in %), 2021
Figure 5: Global: Automotive Lighting Market: Breakup by Vehicle Type (in %), 2021
Figure 6: Global: Automotive Lighting Market: Breakup by Sales Channel (in %), 2021
Figure 7: Global: Automotive Lighting Market: Breakup by Application (in %), 2021
Figure 8: Global: Automotive Lighting Market: Breakup by Region (in %), 2021
Figure 9: Global: Automotive Lighting (Halogen) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Automotive Lighting (Halogen) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Automotive Lighting (Xenon/HID) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Automotive Lighting (Xenon/HID) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Automotive Lighting (LED) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Automotive Lighting (LED) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Automotive Lighting (Passenger Vehicle) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Automotive Lighting (Passenger Vehicle) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Automotive Lighting (Commercial Vehicle) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Automotive Lighting (Commercial Vehicle) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Automotive Lighting (Original Equipment Manufacturers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Automotive Lighting (Original Equipment Manufacturers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Automotive Lighting (Aftermarket) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Automotive Lighting (Aftermarket) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Automotive Lighting (Front Lighting/Headlamps) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Automotive Lighting (Front Lighting/Headlamps) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Automotive Lighting (Rear Lighting) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Automotive Lighting (Rear Lighting) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Automotive Lighting (Side Lighting) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Automotive Lighting (Side Lighting) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Automotive Lighting (Interior Lighting) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Automotive Lighting (Interior Lighting) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: North America: Automotive Lighting Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: North America: Automotive Lighting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: United States: Automotive Lighting Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: United States: Automotive Lighting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Canada: Automotive Lighting Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Canada: Automotive Lighting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Asia-Pacific: Automotive Lighting Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Asia-Pacific: Automotive Lighting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: China: Automotive Lighting Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: China: Automotive Lighting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Japan: Automotive Lighting Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Japan: Automotive Lighting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: India: Automotive Lighting Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: India: Automotive Lighting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: South Korea: Automotive Lighting Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: South Korea: Automotive Lighting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Australia: Automotive Lighting Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Australia: Automotive Lighting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Indonesia: Automotive Lighting Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Indonesia: Automotive Lighting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Others: Automotive Lighting Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Others: Automotive Lighting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Europe: Automotive Lighting Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Europe: Automotive Lighting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Germany: Automotive Lighting Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Germany: Automotive Lighting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: France: Automotive Lighting Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: France: Automotive Lighting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: United Kingdom: Automotive Lighting Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: United Kingdom: Automotive Lighting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Italy: Automotive Lighting Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Italy: Automotive Lighting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Spain: Automotive Lighting Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Spain: Automotive Lighting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Russia: Automotive Lighting Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Russia: Automotive Lighting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Others: Automotive Lighting Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Others: Automotive Lighting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Latin America: Automotive Lighting Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Latin America: Automotive Lighting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Brazil: Automotive Lighting Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Brazil: Automotive Lighting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Mexico: Automotive Lighting Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Mexico: Automotive Lighting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Others: Automotive Lighting Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Others: Automotive Lighting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Middle East and Africa: Automotive Lighting Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Middle East and Africa: Automotive Lighting Market: Breakup by Country (in %), 2021
Figure 79: Middle East and Africa: Automotive Lighting Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Global: Automotive Lighting Industry: SWOT Analysis
Figure 81: Global: Automotive Lighting Industry: Value Chain Analysis
Figure 82: Global: Automotive Lighting Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Automotive Lighting Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Automotive Lighting Market Forecast: Breakup by Technology (in Million US$), 2022-2027
Table 3: Global: Automotive Lighting Market Forecast: Breakup by Vehicle Type (in Million US$), 2022-2027
Table 4: Global: Automotive Lighting Market Forecast: Breakup by Sales Channel (in Million US$), 2022-2027
Table 5: Global: Automotive Lighting Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 6: Global: Automotive Lighting Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Automotive Lighting Market: Competitive Structure
Table 8: Global: Automotive Lighting Market: Key Players


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Key Questions Answered in This Report

The global automotive lighting market was valued at US$ 28.41 Billion in 2021.

We expect the global automotive lighting market to exhibit a CAGR of 6.70% during 2022-2027.

 

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous manufacturing units for automotive lightings.

The rising consumer awareness towards road safety measures, along with the increasing demand for new lighting technologies, such as smart LEDs, micro-LEDs, smart functional surfaces, etc., for 3D light patterns, and area backlighting with hidden-until-lit effects, is primarily driving the global automotive lighting market.

Based on the technology, the global automotive lighting market has been segmented into halogen, xenon/HID, and LED. Currently, LED holds the majority of the total market share.

Based on the vehicle type, the global automotive lighting market can be divided into passenger vehicle and commercial vehicle, where passenger vehicle currently exhibits a clear dominance in the market.

 

Based on the sales channel, the global automotive lighting market has been categorized into original equipment manufacturers and aftermarket. Currently, original equipment manufacturers account for the majority of the global market share.

 

Based on the application, the global automotive lighting market can be segregated into front lighting/headlamps, rear lighting, side lighting, and interior lighting. Among these, front lighting/headlamps hold the largest market share.

 

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.

Some of the major players in the global automotive lighting market include Continental AG, General Electric Company, HELLA GmbH & Co. KGaA, Hyundai Mobis, Koito Manufacturing Co. Ltd., Koninklijke Philips N.V., LG Electronics Inc., Lumax Industries Limited, Magneti Marelli S.p.A., Osram Licht AG (ams AG), Robert Bosch GmbH, Samsung Electronics Co. Ltd., Stanley Electric Co. Ltd., and Valeo.

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