Global Automotive Lighting Market

Automotive Lighting Market Size, Share, Growth Analysis, By Technology(Halogen, LED (OLED, Matrix LED), Xenon/HID), By Application(Exterior Lighting (Front Lighting {Headlights, Fog lights, Daytime running lights (DRL)}, Rear Lighting {Taillights), By Vehicle Type(Passenger cars, Light commercial vehicle, Trucks, Buses), By Type(Front adaptive lighting (Auto on/off, Bending Cornering Lighting, High-Beam Assist, Headlight levelling)), By Region - Industry Forecast 2024-2031


Report ID: SQMIG45K2058 | Region: Global | Published Date: August, 2024
Pages: 197 | Tables: 91 | Figures: 76

Automotive Lighting Market News

  • In March 2024, Semilux International Ltd., a company that makes application-specific integrated circuits (ASIC), LiDAR, and ADB components and solutions, revealed that it initiated a research and development program with academics and scholars from universities in Taiwan. Together, they intend to create an advanced domestic solid-state LiDAR module for automotive use.
  • In February 2024, Lumileds, a top lighting solutions company, unveiled an upgraded version of its Philips Automotive Lighting website. The new site, accessible at https://www.usa.philips.com/c-m-au/car-lights, showcases a fresh design and combines the complete range of Philips automotive lighting and accessories available in North America.
  • In February 2024, Infineon Technologies and Honda Motor Co. signed a Memorandum of Understanding (MoU) to begin a strategic collaboration. Honda selected Infineon as its semiconductor partner to synchronize future product and technology guides.
  • In July 2023, HELLA and Porsche launched the world's first high-resolution headlamp powered by matrix LED technology. This raised automotive lighting technology to a new level. In July 2022, HELLA introduced the next generation of ambient lighting.
  • In 2023, ALIYOS technology allowed ams OSRAM to integrate mini-LEDs onto a thin, flexible, and transparent substrate. These mini-LEDs, linked by nearly invisible metal traces, can be arranged in a highly customizable manner to create individually addressable segments of various shapes. This flexibility enables the LEDs to perform standard lighting tasks like stop lights or turn signals while offering unique, custom shapes and animated effects. Additionally, the mini-LEDs can be used to display symbols, words, images, or abstract patterns for decorative purposes, informational displays, or warnings.
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Global Automotive Lighting Market size was valued at USD 30.08 billion in 2023 and is poised to grow from USD 31.31 billion in 2024 to USD 41.48 billion by 2031, growing at a CAGR of 4.10% in the forecast period (2024-2031). 

The global automotive lighting market is highly competitive and fragmented, with numerous regional and international players competing for market share. The market is characterized by the presence of both established and emerging market players, who are adopting various growth strategies such as mergers and acquisitions, collaborations, and partnerships, to expand their market presence and strengthen their position in the global market. Moreover, companies are focusing on investing in research and development activities to introduce innovative products and gain a competitive advantage over their peers. 'Koito Manufacturing Co., Ltd. (Japan)', 'Valeo SA (France)', 'Hella KGaA Hueck & Co. (Germany)', 'Osram Licht AG (Germany)', 'Stanley Electric Co., Ltd. (Japan)', 'Magneti Marelli S.p.A. (Italy)', 'General Electric Company (US)', 'Koninklijke Philips N.V. (Netherlands)', 'ZKW Group GmbH (Austria)', 'Ichikoh Industries Ltd. (Japan)', 'Lumileds Holding B.V. (Netherlands)', 'TYC Brother Industrial Co., Ltd. (Taiwan)', 'Varroc Group (India)', 'Hyundai Mobis Co., Ltd. (South Korea)', 'Samvardhana Motherson Group (India)', 'North American Lighting, Inc. (US)', 'Federal-Mogul LLC (US)', 'Valeo North America, Inc. (US)', 'SL Corporation (South Korea)', 'Guangzhou LEDOauto Lighting Co., Ltd. (China)'

One of the key drivers of the global automotive lighting market is the increasing demand for advanced lighting systems, stimulated by rising concerns about vehicle safety and stringent government regulations. The industry is experiencing significant technological advancements, including the adoption of OLEDs, deployment of Advanced Forward Lighting System (AFS) technology in LEDs for bend headlamps, and a shift towards smaller and aesthetic headlight designs. Additionally, the growing population and increasing purchasing power of consumers in developing countries are expected to offer lucrative opportunities over the forecast period.

One key market trend in the global automotive lighting market is the increasing adoption of advanced lighting technologies, such as LED and OLED lighting systems. These technologies offer superior energy efficiency and longer lifespan compared to traditional halogen lights, which are driving their adoption in the market. Furthermore, the market is witnessing a shift towards smaller and aesthetic headlight designs, as well as the integration of lighting systems with advanced driver assistance systems (ADAS) for enhanced vehicle safety.

North America dominated the global automotive lighting market, owing to the high adoption of advanced technologies and strict government regulations related to vehicle safety. The United States and Canada are the major countries contributing to the growth of the automotive lighting market in this region. Additionally, the high per capita income and purchasing power of consumers in this region are driving the demand for premium vehicles, which, in turn, is expected to boost the demand for advanced automotive lighting systems. Moreover, the presence of key market players, such as General Electric Company and Osram Licht AG, is further propelling the market growth in this region.

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Global Automotive Lighting Market

Report ID: SQMIG45K2058

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