Automotive Lighting Market

Analysis of Automotive Lighting Market,
by Technology, Applications - Global
Industry Insights to 2025
Increasing implementation of new lighting technologies in automotive industry plays a
major role for the growth of the automotive lighting market. Light emitting diode (LEDs),
Organic light emitting diode (OLEDs), and Adaptive Front-lighting System (AFS) are
some of the new lighting technologies, which are boosting the growth of automotive
lighting market This technology helps in improving the driver visibility, which results in
increasing road traffic safety and helps to reduce the collision. Furthermore, various
advantages such as long life, energy efficiency, and less heat generation is fuelling
growth of the automotive lighting industry.
The automotive sector is one of the most prominent and largest contributing industries
towards growth in GDP of some of the largest and fastest growing economies.
According to the Organisation Internationale des Constructeurs d’Automobiles (OICA),
the automotive sales increase by more than 30% annually. In 2016, sales of automotive
vehicles was 93.9 million units from 89.7 million units in 2015 worldwide. Increasing
sales of automotive vehicles is driving growth of the automotive lighting market. The
lighting provides illumination for the driver and also helps other drivers and pedestrians
on the road to detect the position of vehicle. Furthermore, lighting systems adds to
aesthetics of the vehicle, both externally and internally.
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In vehicle type, passenger vehicles segment held dominant position in the global
automotive lighting system market in 2016, owing increasing sales of passenger cars,
which in turn is driving growth of the market. For instance, according to the Organisation
Internationale des Constructeurs d’Automobiles (OICA) analysis, in 2016, around 69.5
million unit of passenger cars were sold worldwide from 66.4 million units in 2015.
Global Automotive Lighting Market Outlook – Asia Pacific holds largest market
share in the global automotive lighting market.
On the basis of geography, a global automotive lighting market is segmented into North
America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2016, Asia
Pacific held a dominant position in the market and is estimated to retain its dominance
throughout the forecast period. India, china, Japan are some of the major economies,
which are fuelling growth of the market in this region. India and China are the fastest
emerging economies in the Asia-Pacific region, shows the ample growth opportunities
towards the development of advanced lighting sources in the automotive industry.
Moreover, the substantial growth in the automotive production in countries such as India
and China is also contributing in the growth of the market in the region. In fact,
according to the Organisation Internationale des Constructeurs d’Automobiles (OICA)
analysis, in 2016, around 24.37 million units of passenger cars were sold in china up
from 21.21 million units in 2015. Moreover, 2.967 million units and 4.15 million units of
passenger cars were sold in India and Japan, respectively in 2016.
Key Companies in Global Automotive Lighting Market
The global automotive lighting system market is a highly fragmented with presence of
many global and local vendors. Major players operating in the global automotive lighting
market include General Electric, Magneti Marelli S.P.A, Koito Manufacturing Co. Ltd,
Valeo, Hella KGaA Hueck & Co., Stanley Electric Co., Ltd., Ichikoh Industries Ltd.,
Osram GmbH, Lumax Industries Zizala Lichtsysteme GmbH, and Koninklijke Philips N.
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Automotive Lighting Market report categorizes global market by Technology (Halogen, Xenon/HID and LED), by Vehicle Type, by Applications and by Geography.

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