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Global Automotive Lighting market is valued at 2520 million US$ in 2018 is expected to reach 4740 million US$ by the end of 2025, growing at a CAGR of 8.2% during 2019-2025

Global Automotive Lighting Market Research Report 2019

Automotive lighting is a vehicle lighting tools which includes headlights, tail lights and turn signals and the like. At the same time, automotive lighting can press type can be divided into halogen lamp, LED, HID.
On the basis of technology, the automotive lighting market is segregated into halogen, xenon, and LED. Halogen dominated the industry in 2016 and is expected to grow at a CAGR of over 6% from 2016 to 2022. Low purchasing & replacement cost and easy availability are few factors for the adoption of halogen technology. They are available in different dimensions and are cost-effective and easy to replace. However, excessive heat loss while light radiation has increased awareness for energy efficiency leading to the reduced usage of halogen. LED lighting market accounted for over 17% of the overall share in 2016 and is expected to witness substantial growth over the forecast period. This is largely attributed to red LED applications such as indicators and brake lights.
Asia Pacific automotive lighting market accounted for over 42% of the overall share in 2016. Increased automobile production across countries such as China, India, Japan, and Korea combined with rising urban population, growing economies, and increasing the purchasing power of individuals is estimated to fuel the demand across this region.
Europe is anticipated to have steady growth owing to increasing adoption in the brake, reverse, interior lights, and signal indicators. Further, environmental regulations mandate the installation of LEDs across various applications. The North American regions are expected to have substantial demand for LED lights in the automotive sector, majorly supplemented by their increasing application in the interior segment.

The global Automotive Lighting market is valued at 2520 million US$ in 2018 is expected to reach 4740 million US$ by the end of 2025, growing at a CAGR of 8.2% during 2019-2025.
This report focuses on Automotive Lighting volume and value at global level, regional level and company level. From a global perspective, this report represents overall Automotive Lighting market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.

The report includes an in-depth analysis of the competitive landscape of this business vertical, constituting manufacturers like:
Koito
Magneti Marelli
Valeo
Hella
Stanley Electric
Ichikoh
ZKW Group
SL Corporation
Varroc
TYC
DEPO
Xingyu
Hyundai IHL

Market Segment by Regions includes:
North America
Europe
China
Japan

Products Segmentation, this report displays the production, revenue, price, market share, and growth rate of each type as below:
Halogen Lighting
HID Lighting
LED Lighting

By Industrial Application, the market can be split into:
Passenger Vehicle
Commercial Vehicle

Market Segment by Regions includes:

  • North America (the USA, Canada, and Mexico)
  • Europe (Germany, France, UK, Russia, and Italy)
  • Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
  • South America
  • Middle East and Africa.

Browse contents of Global Automotive Lighting Market Research Report 2019

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