Automotive Lighting Market Size (2024 - 2029)

The automotive lighting market is projected to experience significant growth over the forecast period, driven by the increasing integration of LED technology in vehicles due to its energy efficiency and longevity compared to traditional lighting options. This market expansion is supported by automotive manufacturers' focus on developing advanced lighting technologies, particularly in headlights, which are crucial for nighttime driving safety. Collaborations and partnerships among manufacturers are becoming common as they strive to maintain a competitive edge in this evolving market landscape.

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Market Size of Automotive Lighting Industry

Automotive Lighting Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 35.03 Billion
Market Size (2029) USD 48.11 Billion
CAGR (2024 - 2029) 6.55 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific

Major Players

Automotive Lighting Market Major Players

*Disclaimer: Major Players sorted in no particular order

Automotive Lighting Market Analysis

The Automotive Lighting Market size is estimated at USD 35.03 billion in 2024, and is expected to reach USD 48.11 billion by 2029, growing at a CAGR of 6.55% during the forecast period (2024-2029).

Global sales of cars and SUVs fell to just under 77 million units in 2020, down from a peak of almost 94.35 million units in 2017. The sector is projected to experience a downward trend on the back of a slowing global economy and the advent of the coronavirus pandemic in all key economies.

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. Furthermore, LED lights offer durability and strength, have high-quality light-emitting diodes, and are superior to all other forms of lighting technology.

The automotive manufacturers are developing new lighting technologies and are focusing on the major lighting components, such as headlights. They are entering into partnerships to be ahead in the competition within the market. Headlights are a major factor in providing a safe environment for driving at night. For instance, Volkswagen partnered with Hella to develop IQ.LIGHT LED headlamps. The new luxury-class Touareg SUV uses the IQ.LIGHT-LED Matrix Headlamps and 256 LEDs.

Automotive Lighting Industry Segmentation

The automotive lighting market has been segmented on the basis of vehicle type (passenger cars and commercial vehicles), application type (interior lighting and exterior lighting), technology (halogen, xenon, LED, and other technologies), and sales channel (OEM and aftermarket). The report also covers market size and forecast for the automotive lighting market in 17 countries across the major regions. The report offers the market size of and forecast for the automotive lighting market in value (in USD billion) for all the above segments.

By Vehicle Type
Passenger Cars
Commercial Vehicles
By Application Type
Interior Lighting
Ambient Lighting
Footwell Lights
Roof Lights
Boot Lights
Exterior Lighting
Headlamps
Fog Lamps
Taillights
Daytime Running Lights (DRLs)
Puddle Lamps
High Mounted Stop Lamp
By Technology
Halogen
Xenon
LED
Other Technologies
By Geography
North America
United States
Canada
Rest of North America
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
Rest of the World
Brazil
Saudi Arabia
United Arab Emirates
Other Countries
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Automotive Lighting Market Size Summary

The automotive lighting market is poised for significant growth, driven by advancements in lighting technology and the increasing integration of LED lights in vehicles. Manufacturers are focusing on developing new lighting technologies, particularly for headlights, to enhance safety and meet the demands of modern vehicles. The shift towards electric vehicles is further propelling the demand for innovative lighting solutions, as manufacturers strive to replace traditional lighting with more efficient and durable options. The market is characterized by strategic partnerships and collaborations among key players, aiming to stay competitive and lead in technological advancements. The Asia-Pacific region currently dominates the market, with Europe and North America following, as these regions witness a rise in luxury car sales, vehicle production, and demand for commercial vehicles.

The automotive lighting industry is fairly consolidated, with major players such as Koito Manufacturing, Valeo Group, and Hella leading the market. These companies are actively expanding their global presence through joint ventures and acquisitions, focusing on cutting-edge LED technology and innovative lighting solutions. Europe, in particular, is expected to play a crucial role in the global market due to its emphasis on safety standards and continuous investment in R&D. The region is home to several prominent manufacturers and suppliers, contributing to the development of advanced lighting technologies. As the industry evolves, new interior and exterior lighting technologies, such as smart LEDs and laser-based lighting, are gaining traction, driven by demands for safety, communication, and styling.

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Automotive Lighting Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

    2. 1.2 Market Challenges

    3. 1.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Vehicle Type

      1. 2.1.1 Passenger Cars

      2. 2.1.2 Commercial Vehicles

    2. 2.2 By Application Type

      1. 2.2.1 Interior Lighting

        1. 2.2.1.1 Ambient Lighting

        2. 2.2.1.2 Footwell Lights

        3. 2.2.1.3 Roof Lights

        4. 2.2.1.4 Boot Lights

      2. 2.2.2 Exterior Lighting

        1. 2.2.2.1 Headlamps

        2. 2.2.2.2 Fog Lamps

        3. 2.2.2.3 Taillights

        4. 2.2.2.4 Daytime Running Lights (DRLs)

        5. 2.2.2.5 Puddle Lamps

        6. 2.2.2.6 High Mounted Stop Lamp

    3. 2.3 By Technology

      1. 2.3.1 Halogen

      2. 2.3.2 Xenon

      3. 2.3.3 LED

      4. 2.3.4 Other Technologies

    4. 2.4 By Geography

      1. 2.4.1 North America

        1. 2.4.1.1 United States

        2. 2.4.1.2 Canada

        3. 2.4.1.3 Rest of North America

      2. 2.4.2 Europe

        1. 2.4.2.1 Germany

        2. 2.4.2.2 United Kingdom

        3. 2.4.2.3 France

        4. 2.4.2.4 Italy

        5. 2.4.2.5 Rest of Europe

      3. 2.4.3 Asia-Pacific

        1. 2.4.3.1 China

        2. 2.4.3.2 Japan

        3. 2.4.3.3 India

        4. 2.4.3.4 South Korea

        5. 2.4.3.5 Rest of Asia-Pacific

      4. 2.4.4 Rest of the World

        1. 2.4.4.1 Brazil

        2. 2.4.4.2 Saudi Arabia

        3. 2.4.4.3 United Arab Emirates

        4. 2.4.4.4 Other Countries

Automotive Lighting Market Size FAQs

The Automotive Lighting Market size is expected to reach USD 35.03 billion in 2024 and grow at a CAGR of 6.55% to reach USD 48.11 billion by 2029.

In 2024, the Automotive Lighting Market size is expected to reach USD 35.03 billion.

Automotive Lighting Market Report Snapshots

Automotive Lighting Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2024 - 2029)