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Global Automotive Lighting Market By Technology (Halogen, LED, and Xenon) By Vehicle Type (Passenger Car, Light Commercial Vehicle (LCV), Bus, and Truck), By Adaptive Lighting (Front Adaptive Lighting, Rear Adaptive Lighting, and Ambient Lighting), By Application (Exterior Lighting, and Interior Lighting), By Product Sale (Original Equipment Manufacturers (OEMs), and Aftermarket Products)and By Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa)-Global Forecast to 2030.
Global Automotive Lighting Market Overview:
The global Automotive Lighting Market was estimated at USD 30.6 Billion in 2022, and it is expected to reach at USD 42.4 Billion in 2030 with a CAGR of 5.8% during the forecast period of 2022-2030. Automotive lighting is the transmission device that is incorporated into the vehicle’s interior and exterior parts. Automotive protection, illumination, which is a crucial feature of automotive cars, plays a significant role. The automotive vehicle is made up of various lights, which maximizes the visibility in gloomy and poor weather. Early road vehicles used infused lamps before electrical lighting was available. A long-standing accord largely standardizes the color of light produced by vehicle lights. It was first enforced in the Road Traffic Convention of 1949 and later mentioned in the Road Traffic Convention of the United Nations of Vienna of 1968. Generally, emergency vehicles bring identifying illumination devices to alert drivers and signify the importance of traffic flow.Global Automotive Lighting Market Insights
The propelling disposable income across the globe. In addition, the rising production of automobiles to meet consumer demands is estimated to drive the market share of automotive lighting. Furthermore, the rapid innovation in the automotive sector and the focus on lighting effectiveness are among the driving factors of the global market for automobile lighting. Moreover, the advanced automobiles organize sophisticated technical systems such as light control and driving assistance systems. Implementation and integration of LED and laser equipment into modern vehicles are expected to create several opportunities for market growth. However, the high cost of Lights is predicted to hamper the growth of the automotive lighting market globally at a significant rate. Additionally, fluctuation in the price of raw materials is projected to challenge the development of the market.Growth Driver
Rising emphasis on road safety
The increasing emphasis on roads’ safety is expected to fuel the global automotive lighting market at a significant rate. Vehicles with integrated and sophisticated lighting will sense obstacles on the lane, thereby allowing the driver to take the necessary steps. Automotive lights primarily installed to improve exposure in extreme conditions and increase visibility in harsh circumstances for automobiles. According to the WHO, the lives of about 1.35 million individuals are cut short each year as a consequence of a road traffic accident. In addition, around 20 million to 50 million people suffer non-fatal injuries, with many risking a disability. Road traffic accidents cost 3% of their gross domestic product. Moreover, automotive companies are also developing and implementing new lighting systems designed with various features, including such interacting with pedestrians to ensure safety and meet customer requirements.Rising technology advancements
The rising upgrade in technology globally is estimated to propel the market. Some of the new and promising technologies for automotive lighting manufacturers are AEB, Backup Camera, Matrix LED, OLED, and ECS. ECS or Electronic Stability Control is a revolutionary system that does an outstanding job of preventing cars from slipping out of balance, even in hazardous environments. ECS has proven to be very effective in preventing around 50% of total rollovers or automobile accidents. Thus, the growth in technology in the automotive sector is projected to drive the global market.COVID-19 Impacts Insights
The currently underway coronavirus pandemic has led to a sharp reduction in global economic growth and is anticipated to harm the economy for automotive lighting. The epidemic of COVID-19 has disrupted the vehicle supply chain across the globe. According to the WHO (World Health Organization), more than 8,993,659 contaminated cases and more than 469,587 COVID-19-related deaths were reported worldwide as of June 23, 2020. The R&D budget allocation is likely to be substantially impacted, which is expected to hinder the adoption of innovative automotive lighting solutions. The production for automotive lighting is, above all, proportional to the production of vehicles. This will affect current automotive lighting sales owing to declining automotive supply, and is predicted to proceed over the short-term projections. The R&D budget allocation is likely to be substantially impacted, which is expected to hinder the adoption of innovative automotive lighting solutions. This will affect current automotive lighting sales owing to declining automotive supply, and is predicted to proceed over the short-term projections.Technology Segmental Analysis
Based on the technology, the global automotive lighting market is bifurcated into Halogen, LED, and Xenon. The LED technology segment is projected to dominate the market over the forecasted period of 2022-2030 as LEDs are highly effective, robust, and last longer compared to other technology segments. In addition, increasing regulatory stringency in inefficient lighting technologies and increasing government efforts towards sustainable development are major factors anticipated to drive the market.Vehicle Type Segmental Analysis
Based on the vehicle type, the global automotive lighting market is classified into Passenger Car, Light Commercial Vehicle (LCV), Bus, and Truck. The passenger car vehicle type segment is anticipated to hold the largest share by 2030 due to the rise in consumers’ disposable income and the increasing economic growth across the region. In addition, the rising emphasis on improving fuel efficiency and reducing exhaust pollution, the demand, and sales of electric vehicles, particularly electric cars, are projected to see a significant growth rate. However, the light commercial vehicle segment is estimated to have a substantial growth due to sensor technologies, robotics, maps, and digital computational skills that pave the way for market autonomy.Adaptive Lighting Segmental Analysis
Based on the adaptive lighting, the global automotive lighting market is segmented into Front Adaptive Lighting, Rear Adaptive Lighting, and Ambient Lighting. The rear adaptive lighting segment is expected to dominate the market during the forecasted period of 2022-2030 globally, owing to the lower power consumption. However, the front adaptive lighting market is estimated to have a significant growth rate due to the swift installation coupled with the durability of colors of it as compared to other adaptive lighting segments.Application Segmental Analysis
Based on the application, the global automotive lighting market is segmented into Exterior Lighting and Interior Lighting. The indoor lighting application segment is projected to dominate the market owing to the introduction of improved LED lighting in high-end and new passenger vehicles, ambient and environment lighting features. The screen regulates lights are essential to safety, as they display the information, including speed, engine insulation, and level of fuel, which is predicted to drive the market.Product Sales Segmental Analysis
Based on the product sales, the global automotive lighting market is segmented into Original Equipment Manufacturers (OEMs) and Aftermarket Products. The OEM market is predicted to hold the largest share over the forecasted period of 2022-2030 due to the rising stringent safety regulation. However, the aftermarket segment is estimated to have a considerable growth rate. The expanding growth of wear-and-tear and crash-related parts drives the market demand for aftermarket services and fuel the global automotive lighting market.Region Segmental Analysis
By geography, the global Automotive Lighting market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific is estimated to dominate the market due to the rising population and increasing production of vehicles across the nation. China and Japan acquired the most significant shares on the market, owing to the high domestic automobile manufacturing and sales. Moreover, suppliers in these countries focus on developments in technologies, especially illumination, thereby increasing demand for the automotive lighting market. However, Europe is expected to have a significant growth rate due to regional vehicle producers and the suppliers of automobile parts, who have continually invested in protection product research and production.Competitor Analysis
Companies such as General Electric Company, HELLA GmbH & Co. KGaA, Continental, Marelli, Peterson Manufacturing Company, Denso Corporation, Bosch, OSRAM Group, Hyundai Mobis, Koninklijke Philips N.V., Ichikoh Industries Ltd, Samsung Electronics Co. Ltd., Namyung Lighting, Zizala Lichtsysteme GmbH, Seoul Semiconductor Co. Ltd., Stanley Electric Co. Ltd., Valeo, Koito Manufacturing Co. Ltd., Varroc Group, ZKW Group are the key players in the global Automotive Lighting market.Key Stakeholders
- Market research and consulting firms
- Industry associations
- Global Automotive Lighting manufacturing firm
- Research organizations and consulting companies
- Organizations, associations, and alliances related to Automotive Lighting
- Regulatory bodies
- Supplier
- Retailer
Recent Development
In January 2020, HELLA established the new Black Magic LED series in the European region. Its dustproof and waterproof housing and robust structure are specially designed for off-road applications. Relying on the variant, they deliver outstanding off-road illumination with 15,000 lumens. A specially designed reflector provides a homogeneous illumination. In addition, the integrated, intelligent thermal managing design provides adaptation to the ambient temperature and thus always delivers an optimal light output and a more extended lifetime of the LEDs. The Black Magic LED series is functional as a floodlight or spotlight performance and can be scaled vertically or in a suspended manner or integrated into the bodywork or bumper. In December 2021, Bosch established new 4W (four-wheeler) lighting bulbs, the Gigalight 120, 150, the Sportec Bright 4000K and the LED Retrofit purpose for almost any vehicle. The Bosch Bulbs Gigalight 120, 150, the Sportec Bright 4000K and the LED Retrofit to deliver motorists the luminosity they require to vividly see road signs or blocks ahead under any weather occurrences.The objective of the Research
- Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
- Product analysis involves steps such as examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
- Market Trend and Economic Factors Analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
- Market Segmental Analysis defines in-depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
- The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs wants, and cultural characteristics that can be specifically targeted.
Market Modelling
By Technology- Halogen
- LED
- Xenon
- Passenger Car
- Light Commercial Vehicle (LCV)
- Bus
- Truck
- Front Adaptive lighting
- On/Off Function
- Bending/Cornering
- High Beam Assist
- Headlight Leveling
- Rear Adaptive Lighting
- Ambient Lighting
- Exterior Lighting
- Headlights
- Fog Lights
- Day Time Running Lights (DRL)
- Taillights
- Sidelights
- Centre High-Mount Stop Light (CHMSL)
- Interior Lighting
- Dashboard
- Glovebox
- Reading Lights
- Dome Lights
- Original Equipment Manufacturers (OEMs)
- Aftermarket Products
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
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Report Content
- Research Strategic Development
1.1. Market Modelling
1.2. Product Analysis
1.3. Market Trend and Economic Factors Analysis
1.4. Market Segmental Analysis
1.5. Geographical Mapping
1.6. Country Wise Segregation
- Research Methodology
2.1. Identification of Target Market
2.2. Data Acquisition
2.3. Refining of Data/ Data Transformations
2.4. Data Validation through Primary Techniques
2.5. Exploratory Data Analysis
2.6. Graphical Techniques/Analysis
2.7. Quantitative Techniques/Analysis
2.8. Visual Result/Presentation
- Executive Summary
- Market Insights
4.1. Supply Chain Analysis
4.2. Economic Factor Analysis
4.2.1. Drivers
4.2.2. Trends
4.2.3. Opportunities
4.2.4. Challenges
4.3. Technological Landscape
4.4. Competitors & Product Analysis
4.5. Regulatory Framework
4.6. Company market share analysis, 2022
4.7. Porter’s Five forces analysis
4.8. Price point analysis
4.9. New Investment Analysis
4.10.PESTEL Analysis
- Global Automotive Lighting Market, 2017-2030
5.1. Market size & Forecast, 2017-2030
5.1.1. Demand
5.1.1.1. By Value (USD Billion)
5.2. Market Share & Forecast, 2017-2030
5.2.1. By Technology
5.2.1.1. Halogen
5.2.1.2. LED
5.2.1.3. Xenon
5.2.2. By Vehicle Type
5.2.2.1. Passenger Car
5.2.2.2. Light Commercial Vehicle (LCV)
5.2.2.3. Bus
5.2.2.4. Truck
5.2.3. By Adaptive Lighting
5.2.3.1. Front Adaptive Lighting
5.2.3.1.1. On/Off Function
5.2.3.1.2. Bending/Cornering
5.2.3.1.3. High Beam Assist
5.2.3.1.4. Headlight Leveling
5.2.3.2. Rear Adaptive Lighting
5.2.3.3. Ambient Lighting
5.2.4. By Application
5.2.4.1. Exterior Lighting
5.2.4.1.1. Headlights
5.2.4.1.2. Fog Lights
5.2.4.1.3. Day Time Running Lights
5.2.4.1.4. Taillights
5.2.4.1.5. Sidelights
5.2.4.1.6. Centre High-Mount Stop Lighting
5.2.4.2. Interior Lighting
5.2.4.2.1. Dashboard
5.2.4.2.2. Glovebox
5.2.4.2.3. Reading Lights
5.2.4.2.4. Dome Lights
5.2.5. By Product Sales
5.2.5.1. Original Equipment Manufacturers (OEMs)
5.2.5.2. Aftermarket Products
5.2.6. By Region
5.2.6.1. North America
5.2.6.2. Europe
5.2.6.3. Asia Pacific
5.2.6.4. The Middle East & Africa
5.2.6.5. South America
- North America Automotive Lighting Market, 2017-2030
6.1. North America Automotive Lighting Market size & Forecast, 2017-2030
6.1.1. Demand
6.1.1.1. By Value (USD Billion)
6.2. North America Automotive Lighting Market Share & Forecast, 2017-2030
6.2.1. By Technology
6.2.1.1. Halogen
6.2.1.2. LED
6.2.1.3. Xenon
6.2.2. By Vehicle Type
6.2.2.1. Passenger Car
6.2.2.2. Light Commercial Vehicle (LCV)
6.2.2.3. Bus
6.2.2.4. Truck
6.2.3. By Adaptive Lighting
6.2.3.1. Front Adaptive Lighting
6.2.3.1.1. On/Off Function
6.2.3.1.2. Bending/Cornering
6.2.3.1.3. High Beam Assist
6.2.3.1.4. Headlight Leveling
6.2.3.2. Rear Adaptive Lighting
6.2.3.3. Ambient Lighting
6.2.4. By Application
6.2.4.1. Exterior Lighting
6.2.4.1.1. Headlights
6.2.4.1.2. Fog Lights
6.2.4.1.3. Day Time Running Lights
6.2.4.1.4. Taillights
6.2.4.1.5. Sidelights
6.2.4.1.6. Centre High-Mount Stop Lighting
6.2.4.2. Interior Lighting
6.2.4.2.1. Dashboard
6.2.4.2.2. Glovebox
6.2.4.2.3. Reading Lights
6.2.4.2.4. Dome Lights
6.2.5. By Product Sales
6.2.5.1. Original Equipment Manufacturers (OEMs)
6.2.5.2. Aftermarket Products
6.2.6. By Country
6.2.6.1. US
6.2.6.2. Canada
6.2.6.3. Mexico
6.2.7. Price-Point Analysis, By Sensor
6.2.8. Manufacturer & Distribution List (Top 5)
6.2.9. Company Market Share (Top 3-5)
6.2.10. Economic Impact Study on North America Automotive Lighting Market
- Europe Automotive Lighting Market, 2017-2030
7.1. Europe Automotive Lighting Market size & Forecast, 2017-2030
7.1.1. Demand
7.1.1.1. By Value (USD Billion)
7.2. Europe Automotive Lighting Market Share & Forecast, 2017-2030
7.2.1. By Technology
7.2.1.1. Halogen
7.2.1.2. LED
7.2.1.3. Xenon
7.2.2. By Vehicle Type
7.2.2.1. Passenger Car
7.2.2.2. Light Commercial Vehicle (LCV)
7.2.2.3. Bus
7.2.2.4. Truck
7.2.3. By Adaptive Lighting
7.2.3.1. Front Adaptive Lighting
7.2.3.1.1. On/Off Function
7.2.3.1.2. Bending/Cornering
7.2.3.1.3. High Beam Assist
7.2.3.1.4. Headlight Leveling
7.2.3.2. Rear Adaptive Lighting
7.2.3.3. Ambient Lighting
7.2.4. By Application
7.2.4.1. Exterior Lighting
7.2.4.1.1. Headlights
7.2.4.1.2. Fog Lights
7.2.4.1.3. Day Time Running Lights
7.2.4.1.4. Taillights
7.2.4.1.5. Sidelights
7.2.4.1.6. Centre High-Mount Stop Lighting
7.2.4.2. Interior Lighting
7.2.4.2.1. Dashboard
7.2.4.2.2. Glovebox
7.2.4.2.3. Reading Lights
7.2.4.2.4. Dome Lights
7.2.5. By Product Sales
7.2.5.1. Original Equipment Manufacturers (OEMs)
7.2.5.2. Aftermarket Products
7.2.6. By Country
7.2.6.1. Germany
7.2.6.2. UK
7.2.6.3. France
7.2.6.4. Italy
7.2.6.5. Rest of Europe
7.2.7. Price-Point Analysis, By Sensor
7.2.8. Manufacturer & Distribution List (Top 5)
7.2.9. Company Market Share (Top 3-5)
7.2.10. Economic Impact Study on Europe Automotive Lighting Market
- Asia Pacific Automotive Lighting Market, 2017-2030
8.1. Asia Pacific Automotive Lighting Market size & Forecast, 2017-2030
8.1.1. Demand
8.1.1.1. By Value (USD Billion)
8.2. Asia Pacific Automotive Lighting Market Share & Forecast, 2017-2030
8.2.1. By Technology
8.2.1.1. Halogen
8.2.1.2. LED
8.2.1.3. Xenon
8.2.2. By Vehicle Type
8.2.2.1. Passenger Car
8.2.2.2. Light Commercial Vehicle (LCV)
8.2.2.3. Bus
8.2.2.4. Truck
8.2.3. By Adaptive Lighting
8.2.3.1. Front Adaptive Lighting
8.2.3.1.1. On/Off Function
8.2.3.1.2. Bending/Cornering
8.2.3.1.3. High Beam Assist
8.2.3.1.4. Headlight Leveling
8.2.3.2. Rear Adaptive Lighting
8.2.3.3. Ambient Lighting
8.2.4. By Application
8.2.4.1. Exterior Lighting
8.2.4.1.1. Headlights
8.2.4.1.2. Fog Lights
8.2.4.1.3. Day Time Running Lights
8.2.4.1.4. Taillights
8.2.4.1.5. Sidelights
8.2.4.1.6. Centre High-Mount Stop Lighting
8.2.4.2. Interior Lighting
8.2.4.2.1. Dashboard
8.2.4.2.2. Glovebox
8.2.4.2.3. Reading Lights
8.2.4.2.4. Dome Lights
8.2.5. By Product Sales
8.2.5.1. Original Equipment Manufacturers (OEMs)
8.2.5.2. Aftermarket Products
8.2.6. By Country
8.2.6.1. China
8.2.6.2. India
8.2.6.3. Japan
8.2.6.4. Australia
8.2.6.5. Rest of Asia pacific
8.2.7. Price-Point Analysis, By Sensor
8.2.8. Manufacturer & Distribution List (Top 5)
8.2.9. Company Market Share (Top 3-5)
8.2.10. Economic Impact Study on Asia-Pacific Automotive Lighting Market
- The Middle East & Africa Automotive Lighting Market, 2017-2030
9.1. The Middle East & Africa Automotive Lighting Market size & Forecast, 2017-2030
9.1.1. Demand
9.1.1.1. By Value (USD Billion)
9.2. The Middle East & Africa Automotive Lighting Market Share & Forecast, 2017-2030
9.2.1. By Technology
9.2.1.1. Halogen
9.2.1.2. LED
9.2.1.3. Xenon
9.2.2. By Vehicle Type
9.2.2.1. Passenger Car
9.2.2.2. Light Commercial Vehicle (LCV)
9.2.2.3. Bus
9.2.2.4. Truck
9.2.3. By Adaptive Lighting
9.2.3.1. Front Adaptive Lighting
9.2.3.1.1. On/Off Function
9.2.3.1.2. Bending/Cornering
9.2.3.1.3. High Beam Assist
9.2.3.1.4. Headlight Leveling
9.2.3.2. Rear Adaptive Lighting
9.2.3.3. Ambient Lighting
9.2.4. By Application
9.2.4.1. Exterior Lighting
9.2.4.1.1. Headlights
9.2.4.1.2. Fog Lights
9.2.4.1.3. Day Time Running Lights
9.2.4.1.4. Taillights
9.2.4.1.5. Sidelights
9.2.4.1.6. Centre High-Mount Stop Lighting
9.2.4.2. Interior Lighting
9.2.4.2.1. Dashboard
9.2.4.2.2. Glovebox
9.2.4.2.3. Reading Lights
9.2.4.2.4. Dome Lights
9.2.5. By Product Sales
9.2.5.1. Original Equipment Manufacturers (OEMs)
9.2.5.2. Aftermarket Products
9.2.6. By Country
9.2.6.1. Saudi Arabia
9.2.6.2. UAE
9.2.6.3. South Africa
9.2.6.4. Rest of The Middle East & Africa
9.2.7. Price-Point Analysis, By Sensor
9.2.8. Manufacturer & Distribution List (Top 5)
9.2.9. Company Market Share (Top 3-5)
9.2.10. Economic Impact Study on The Middle East & Africa Automotive Lighting Market
- South America Automotive Lighting Market, 2017-2030
10.1. South America Automotive Lighting Market size & Forecast, 2017-2030
10.1.1. Demand
10.1.1.1. By Value (USD Billion)
10.2. South America Automotive Lighting Market Share & Forecast, 2017-2030
10.2.1. By Technology
10.2.1.1. Halogen
10.2.1.2. LED
10.2.1.3. Xenon
10.2.2. By Vehicle Type
10.2.2.1. Passenger Car
10.2.2.2. Light Commercial Vehicle (LCV)
10.2.2.3. Bus
10.2.2.4. Truck
10.2.3. By Adaptive Lighting
10.2.3.1. Front Adaptive Lighting
10.2.3.1.1. On/Off Function
10.2.3.1.2. Bending/Cornering
10.2.3.1.3. High Beam Assist
10.2.3.1.4. Headlight Leveling
10.2.3.2. Rear Adaptive Lighting
10.2.3.3. Ambient Lighting
10.2.4. By Application
10.2.4.1. Exterior Lighting
10.2.4.1.1. Headlights
10.2.4.1.2. Fog Lights
10.2.4.1.3. Day Time Running Lights
10.2.4.1.4. Taillights
10.2.4.1.5. Sidelights
10.2.4.1.6. Centre High-Mount Stop Lighting
10.2.4.2. Interior Lighting
10.2.4.2.1. Dashboard
10.2.4.2.2. Glovebox
10.2.4.2.3. Reading Lights
10.2.4.2.4. Dome Lights
10.2.5. By Product Sales
10.2.5.1. Original Equipment Manufacturers (OEMs)
10.2.5.2. Aftermarket Products
10.2.6. By Country
10.2.6.1. Brazil
10.2.6.2. Argentina
10.2.6.3. Rest of South America
10.2.7. Price-Point Analysis, By Sensor
10.2.8. Manufacturer & Distribution List (Top 5)
10.2.9. Company Market Share (Top 3-5)
10.2.10. Economic Impact Study on South America Automotive Lighting Market
- Competitor Analysis
11.1. Company Description
11.2. Financial Analysis
11.3. Key Products
11.4. Key Management Personnel
11.5. Contact Address
11.6. SWOT Analysis
11.7. Company profile
11.7.1. General Electric Company
11.7.2. HELLA GmbH & Co. KGaA
11.7.3. Continental
11.7.4. Marelli
11.7.5. Peterson Manufacturing Company
11.7.6. Denso Corporation
11.7.7. Bosch
11.7.8. OSRAM Group
11.7.9. Hyundai Mobis
11.7.10. Koninklijke Philips N.V.
11.7.11. Ichikoh Industries Ltd
11.7.12. Samsung Electronics Co. Ltd.
11.7.13. Namyung Lighting
11.7.14. Zizala Lichtsysteme GmbH
11.7.15. Seoul Semiconductor Co. Ltd.
11.7.16. Stanley Electric Co. Ltd.
11.7.17. Valeo
11.7.18. Koito Manufacturing Co. Ltd.
11.7.19. Varroc Group
11.7.20. ZKW Group
11.7.21. Other Prominent Players
Frequently Asked Question (FAQ)
The global Automotive Lighting Market was estimated at USD 30.6 Billion in 2022 and it is expected to reach at USD 42.4 Billion in 2030 with a CAGR of 5.8% during the forecast period of 2022-2030
The companies include General Electric Company, HELLA GmbH & Co. KGaA, Continental, Marelli, Peterson Manufacturing Company, Denso Corporation, Bosch, OSRAM Group, Hyundai Mobis, Koninklijke Philips N.V., Ichikoh Industries Ltd, Samsung Electronics Co. Ltd., Namyung Lighting, Zizala Lichtsysteme GmbH, Seoul Semiconductor Co. Ltd., Stanley Electric Co. Ltd., Valeo, Koito Manufacturing Co. Ltd., Varroc Group, ZKW Group the key players in the global automotive lighting market.
The Asia Pacific is estimated to dominate the market due to the rising population and increasing production of vehicles across the nation.
The rising upgradation in technology across the globe is estimated to propel the market. Some of the new and promising technologies for automotive lighting manufacturers are AEB, Backup Camera, Matrix LED, OLED, and ECS. ECS or Electronic Stability Control is a revolutionary system that does an outstanding job of preventing cars from slipping out of balance, even in hazardous environments are the drivers in the global automotive lighting market.
The indoor lighting application segment is projected to dominate the global automotive lighting market.
