Automotive Lighting Industry 2017 Market Trends 2020 Automotive Lighting Industry: 2017 Global Market | Page 2

Automotive Lighting Market - Global Industry Analysis,
Size, Share, Growth, Trends and Forecasts 2017 – 2020
Introduction:
Global Automotive Lighting Market was worth about USD27.5 billion in 2016, a year-on-year growth
of 9.6%, and is predicted to reach USD30.2 billion in 2017, a 9.8% rise from a year ago. Such a rapid
growth is primarily attributed to the expedited market entry of LED headlamps, particularly in the
Chinese market, and a blowout in additional functions like ADB (Adaptive Driving Beam) and AFS
(Adaptive Front-Lighting System). ADB works only on LED headlamp whose small size is conducive to
a more flexible design of vehicle appearance and lower energy consumption. Moreover, continued
price decline allows LED to enjoy a higher price/performance ratio than HID, boosting the share of
LED headlamp which is projected to jump from 7% in 2015 to 21% in 2020 and up to 30% in 2025.
Koito, the world’s No. 1 automotive lighting company, recorded a faster growth rate (as high as
14.4%) in 2016. The company’s revenue in China was RMB13.5 billion in FY2017, representing a
17.4% rise over the previous year, while operating profit, dragged down by yen appreciation,
increased by just 4.1% to RMB820 million. Having achieved double-digit growth in China for several
years in a row, Koito alm ost monopolizes the Chinese LED headlamp market, whatever JV-brand
market or local-brand market.