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Automotive Lighting Market

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Automotive Lighting Market to

be Worth $31.45 Billion by 2030


Automotive Lighting Market - 2030

Meticulous Research ® —a leading global market research company, published a research report titled,

‘Automotive Lighting Market by Vehicle Type (2-Wheelers, Passenger Vehicles, Commercial

Vehicles), Application (Interior, Exterior (Headlamps, Fog Lamps, Tail lights)), Lighting

Technology (Halogen, Xenon, LED), Geography—Global Forecasts to 2030.’

According to this latest publication from Meticulous Research ® , the automotive lighting market is

projected to reach $31.45 billion by 2030, at a CAGR of 5.1% from 2023 to 2030. Some of the major

factors driving the growth of this market are the increasing adoption of advanced lighting in vehicles,

stringent government regulations on lighting for better visibility and safety and increasing automobile

production in emerging economies.

The automotive lighting market is segmented by vehicle type, application, lighting technology, and

sales channel. The study also evaluates industry competitors and analyses the regional and countrylevel

markets.

Download Free PDF Sample Copy of the Report (with COVID-19 Impact Analysis):

https://www.meticulousresearch.com/download-sample-report/cp_id=5472

Scope of the report:

Automotive Lighting Market, by Vehicle Type

• 2-Wheelers

• Passenger Vehicles

• Commercial Vehicles

o

o

o

o

o

o

Trucks

Vans

Buses

• Semi Trucks

• Box Trucks

• Pickup Trucks

• Cargo Vans

Speciality Vehicles

Heavy Equipment

• Passenger Vans

• Passenger Buses

• Motor Coaches and RVs

• Construction Equipment

• Mining Equipment

• Agriculture Equipment

Other Commercial Vehicles

Automotive lighting Market, by Application

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Automotive Lighting Market - 2030

• Interior Lighting

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o

o

o

o

• Headlamps

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o

o

Ambient Lighting

Footwell Lights

Roof Lights

Other Interior Lightings

Exterior Lighting

Fog Lamps

Taillights

Daytime Running Lights (DRLs)

• Other Exterior Lightings

Automotive lighting Market, by Lighting Technology

• Halogen

• Xenon

• LED

• Other Lighting Technologies

Automotive lighting Market, by Sales Channel

• OEM

• Aftermarket

Automotive lighting Market, by Geography

• North America

o U.S.

o Canada

• Europe

o U.K.

o Germany

o France

o Italy

o Spain

o Denmark

o Netherlands

o Rest of Europe

• Asia-Pacific

o China

o India

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Automotive Lighting Market - 2030

o

o

o

o

• Latin America

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Japan

South Korea

Singapore

Rest of Asia-Pacific

Brazil

Mexico

• Middle East & Africa

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o

o

o

Rest of Latin America

Israel

UAE

Rest of Middle East & Africa

To Gain More Insights into the Market with a Detailed Table of Content and Figures, Click

Here: https://www.meticulousresearch.com/product/automotive-lighting-market-5472

Based on vehicle type, the automotive lighting market is segmented into 2-wheelers, passenger

vehicles, and commercial vehicles. In 2023, the passenger vehicles segment is expected to account for

the largest share of the global automotive lighting market. The increase in demand for passenger

vehicles due to the surge in the middle-income group population, growing adoption of advanced

lighting in passenger cars and rising production of passenger cars worldwide are major factors

attributed to the large market share of this segment.

According to Organisation Internationale des Constructeurs d'Automobiles (OICA), there were

57,054,295 passenger cars produced globally in 2021. In addition, growing consumer inclination

towards these vehicles due to the availability of economic options is expected to support the growth

of this segment as it is also projected to register the highest CAGR during the forecast period.

Based on application, the automotive lighting market is segmented into interior lighting and exterior

lighting. In 2023, the exterior lighting segment is expected to account for the largest share of the global

automotive lighting market. Automotive exterior lighting ensures safety in road traffic and helps the

driver illuminate the lane and recognize the road, obstacles and traffic signs. The headlights with the

high beam, low beam and fog light functions are primarily used for this purpose.

All exterior lighting of a vehicle is subject to country-specific legal regulations to ensure safe driving.

In addition to the legal regulations, branding and aesthetics also contribute significantly to this

segment's large market share. However, the interior lighting segment is projected to register the highest

CAGR during the forecast period.

Based on lighting technology, the automotive lighting market is segmented into halogen, xenon, LED,

and other lighting technologies. In 2023, the LED segment is expected to account for the largest share

of the global automotive lighting market. LEDs are increasingly being used in automotive applications

due to energy efficiency, weight reduction and space-saving qualities. Vehicle manufacturers are

showing great interest in integrating LED lights in vehicles, as these lights consume less power and

have a longer life when compared to halogen and HID lights.

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Automotive Lighting Market - 2030

In addition, several automotive lighting manufacturers are introducing advanced LED lighting for

various applications. For instance, in September 2021, HELLA GmbH & Co. KGaA (Germany)

launched its Modular Lightbar with advanced LED technology for municipal vehicles. This light helps

ensure optimum signaling effects as well as homogeneous illumination of the working area. This

segment is also projected to register the highest CAGR during the forecast period.

Request Customization Here: https://www.meticulousresearch.com/requestcustomization/cp_id=5472

Based on geography, the automotive lighting market is segmented into North America, Asia-Pacific,

Europe, Latin America, and the Middle East & Africa. In 2023, Asia-Pacific is expected to account for

the largest share of the automotive lighting market. This segment is also projected to register the

highest CAGR during the forecast period. Factors such as a rise in the emphasis toward road safety,

an increase in the implementation of government regulations, and growing automobile production are

expected to drive the growth of the automotive lighting market in Asia-Pacific. In addition, the easy

availability of raw materials and enormous demand for cost-effective electrical and mechanical

components from nations such as Japan, China, and India are expected to support the market growth.

Key Players:

The key players operating in the automotive lighting market are KOITO MANUFACTURING CO.,

LTD (Japan), Stanley Co., Inc. (U.S.), Valeo (France), Marelli Holdings Co., Ltd. (Italy), HELLA

GmbH & Co. KGaA (Germany), Tungsram (Hungary), Lumax Industries (India), OSRAM GmbH

(Germany), Koninklijke Philips N.V. (Netherlands), ZIZALA Lichtsysteme GmbH (Austria), Robert

Bosch GmbH (Germany), ICHIKOH INDUSTRIES, LTD. (Japan), Continental AG (Germany),

Hyundai Mobis (South Korea), Varroc Group (India).

You can Buy Report from Here: https://www.meticulousresearch.com/Checkout/76681244

Key questions answered in the report-

• Which are the high-growth market segments based on vehicle type, application, lighting

technology and sales channel?

• What was the historical market for automotive lighting?

• What are the market forecasts and estimates for the period 2023–2030?

• What are the major drivers, restraints, and opportunities in the automotive lighting market?

• Who are the major players, and what shares do they hold in the automotive lighting market?

• How is the competitive landscape in the automotive lighting market?

• What are the recent developments in the automotive lighting market?

• What are the different strategies adopted by the major players in the automotive lighting

market?

• What are the key geographic trends, and which are the high-growth countries?

• Who are the local emerging players in the global automotive lighting market, and how do they

compete with the other players?

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Automotive Lighting Market - 2030

Contact Us:

Meticulous Research®

Email- sales@meticulousresearch.com

Contact Sales- +1-646-781-8004

Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

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