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Global Automotive Lighting Market By Technology (LED, Xenon, Others), By Vehicle Type (Passenger Car, Commercial Vehicle), By Application (Interior Lighting, Rear Lighting, Others), By Region–Forecast & Opportunities to 2026

The global automotive lighting market accounted for USD 23.0 billion in 2019. Lighting market projected to register growth at a CAGR of 5.1% during forecast period.

COVID-19 has impacted automotive sector significantly. The production and assembly plants were temporarily shut the supply of finished products and raw materials were affected immensely due to travel restriction and lockdown imposed by governments around the world. the export and imports were also immensely affected due to international border closers and limited operation of flights. The vehicles sales have been hit and experienced a major decline due corona virus outbreak. This has impacted lightning components production around the world. The innovation in lightning components has been hampered due to low budget allocation. Companies are trying their best to uplift the market situation.

Definition:

Lightning is very crucial for all types of vehicles. It provides illumination for driver and helps drivers and pedestrians travelling on road to detect other vehicles presence and position on the same road. It includes all the lightning and signaling systems present in the vehicle. Halogens are used in lightning system as they are easily available and low cost. It includes LED and xenon technologies. These systems are mounted on various locations in vehicle such as interiors, top, rear and front.

Market Dynamics (Drivers/Opportunities):

The government has setup certain set of rules and regulation for lighting due to rising accidents cases across the world. Vehicle lightning is very important for drivers and pedestrian to ensure road safety. This drives growth in lightning market in automotive sector during forecast period.

Lighting is used in the interior and exterior of the vehicle. It provides improved and better driving conditions. Daytime running lights (DRLs) have been made mandatory by government in various regions. DRL has reduced road accidents by 13.8% in U.S, according to data released by National Highway Traffic Safety Administration (NHTSA). It helps drivers and majorly helps people walking on road to detect vehicles presence and positions. This is likely to drive growth in automotive lighting market.

DRL has reduced road accidents by 13.8% in U.S, according to data released by National Highway Traffic Safety Administration (NHTSA). The lightning is very useful and important and governments around the world are promoting lighting system significantly. The production of luxury vehicles is rising in Asia-pacific and Germany. The demand for better lighting systems is also rising which drives growth in this market during forecast period.

Market Insights, by Technology

On the basis of technology, the automotive lighting market is segmented into LED, xenon and halogen. The LED technology projected to register growth at highest CAGR during forecast period. LED lights are majorly used in premium vehicles. LEDs consumed less power and they have more adaptive features. The impact on opposite side’s driver is less with LED headlights. The adoption of LED lights is increasing immensely in by manufacturers around the world. This is likely to drive growth in LED market.

Market Insights, by Vehicle Type

On the basis of vehicle type, the automotive lighting market is segmented into passenger vehicle, light commercial vehicle and high commercial vehicle. The passenger vehicle market is estimated to register growth at highest CAGR during the forecast period. Sales of passenger vehicles have been increasing around the world. The production of this segment is also increasing this drives growth in passenger vehicle market.

Market Insights, by Application

On the basis of application, the automotive lighting is segmented into interior lighting, rear lighting, side lighting and headlamps. The interior lighting segment is expected to witness highest growth during forecast period. It is expected to reach a value of USD 5.0 billion by 2026. Consumer’s demand for interior lighting is increasing around the world. The light sensitive to movement and surroundings are highly in demand by the consumer who drives modern passenger vehicle and luxury cars.

Regional Insights

Asia-Pacific region is expected to register growth at highest CAGR during the forecast period. The adoption and sales of vehicles is increasing especially passenger vehicles in this region. Japan and China have highest production of vehicles and the sales are also highest in these countries. The rapid technological advancement in various countries in Asia-Pacific in lighting leads to adoption of advanced lighting systems in vehicles. This is driving growth in this region during forecast period.

Key Companies & Market Share Insights

The key market players in automotive lighting market are Hella, Valeo, Osram, Continental AG, Philips, Bosch, Hyundai, Ichikoh Industries, Koito Manufacturing, Stanley Electric, Magneti Holdings, Zizala Lichtsysteme GMBH, NXP Semiconductors, Aptiv Plc, Grupo Antolin, Federal-Mogul Corporation, Lear Corporation, Gentex Corporation and Flex-N-Gate. The major players are focusing on new product launches and investing more on R&D sector to bring innovation in lighting market in automobiles.

 

 

Segments Covered in the Report

This report forecasts The Global Automotive Lighting Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global Automotive Lighting market report on the basis of technology, vehicle type, and application.

Automotive Lighting Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  1. Executive Summary
    • Market Snapshot
  2. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Automotive Lighting Market, By Technology, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • LED
  • Xenon
  • Halogen
  1. Automotive Lighting Market, By Vehicle Type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Passenger Cars
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle
  1. Automotive Lighting Market, By Application, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Interior Lighting
  • Rear Lighting
  • Side Lighting
  • Headlamps
  1. Automotive Lighting Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Technology
    • By Vehicle Type
    • By Application
    • By Country
      • USA
        • By Application
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Technology
      • By Vehicle Type
      • By Application
      • By Country
        • Brazil
          • By Application
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Technology
        • By Vehicle Type
        • By Application
        • By Country
          • UK
            • By Application
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Technology
          • By Vehicle Type
          • By Application
          • By Country
            • China
              • By Application
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Technology
            • By Vehicle Type
            • By Application
            • By Country
              • Saudi Arabia
                • By Application
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Flex-N-Gate
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • Hella
    • Valeo
    • Osram
    • Continental AG
    • Philips
    • Bosch
    • Hyundai
    • Ichikoh Industries
    • Koito Manufacturing
    • Stanley Electric
    • Magneti Holdings
    • Zizala Lichtsysteme GMBH
    • NXP Semiconductors
    • Aptiv Plc
    • Grupo Antolin
    • Federal-Mogul Corporation
    • Lear Corporation
    • Gentex Corporation
  2. Appendix
    • Interrelated Market

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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