AUTOMOTIVE LIGHTING MARKET - FORECAST TO 2022
The Lighting Market for Automotive is projected to grow at a CAGR of 6.80% from 2017 to 2022 and is
expected to reach USD 29.97 billion by 2022. Increasing vehicle production and lighting applications are
the key factors driving the demand for lighting in the automotive industry. With the increase in sales of
electric and hybrid vehicles, the demand for lighting with low energy consumption is growing.
The report contains more than 119 market data tables with 52 figures and in depth TOC.
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“Automotive front lighting to be the largest segment“
The study considers four lighting positions in a vehicle for the estimation of the market size, namely,
front, rear, side, and interior. The front lighting market is projected to constitute the largest lighting
market, by value, in 2022. Driver safety and advanced features such as auto on/off and auto leveling are
some of the adaptive lighting solutions that are gaining popularity in the front lighting segment. Halogen
is presently dominating the front lighting segment. However, owing to benefits such as operation at
lower temperature, low energy consumption, and freedom to design, advanced technologies such as
LED projector headlamps are gaining popularity in recent years. The Laser technology is new to the
market and is gaining popularity owing to its bright illumination.
“Interior lighting segment to grow at the fastest pace in the Lighting market for Automotive”
With the increase in use of LED lights for interior applications, the segment has increasingly grown in
vehicles across the globe. OLED lighting offers design flexibility and can be used even for minute lighting
solutions. With such technological advancement, it has become possible for the manufacturer to offer
advanced lighting solutions such as mood lighting. Hence, with technological and design modifications,
the interior lighting market is expected to be the fastest growing market.
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“Growing markets like China and India to drive the lighting market for automotive industry”
China and India together contribute 35% of the global vehicle production and approximately 34% of the
global passenger car production. Owing to increasing vehicle production, the demand for automotive
lighting will also increase in the region. The lighting market for exterior applications is estimated to be
the largest market in the region and halogen technology will have the largest share.
The major companies in the Lighting market for Automotive are profiled in the study. These include
Hella KGaA Hueck & Co (Germany), Magneti Marelli S.p.A (Italy), Stanley Electric K.K (Japan), Valeo S.A.
(France), Koito Manufacturing Co. Ltd. (Japan), Osram Licht AG (Germany), Koninklijke Philips N.V
(Netherlands), Hyundai Mobis (South Korea), Ichikoh Industries Ltd. (Japan), and General Electric (U.S.).