Uploaded on Dec 3, 2020
The expanding global automotive industry, along with increasing demand for passenger cars majorly drives the Automotive Lighting Market growth. The adoption of advanced automotive lighting solutions has increased significantly owing to increasing awareness regarding use of energy efficient lighting solutions, and growing need to improve road safety.
Automotive Lighting Market Worth $48.08 Million By 2026 | CAGR 8.1%
Automotive Lighting Market
Set to Exceed $48.08 Million By 2026 | CAGR 8.1%
“Automotive Lighting Market Share, Size, Trends, Industry
Analysis Report, By Type (Exterior, Interior) By Technology
(LED, Halogen, Xenon, Others); By End-User (Passenger
Vehicles, Commercial Vehicles); By Sales Channel (OEM,
Aftermarket); By Region, Segments & Forecast, 2018 -
2026”
Automotive Lighting Market Estimate & Forecast to 2026
The global Automotive Lighting market is anticipated to reach around USD 48.08 billion by 2026
according to a new research published by Polaris Market Research. In 2017, the passenger cars
dominated the global market, in terms of revenue. In 2017, Asia-Pacific accounted for the majority share
in the global Automotive Lighting market.
The expanding global automotive industry, along with increasing demand for passenger cars majorly
drives the Automotive Lighting Market growth. The adoption of advanced automotive lighting solutions has
increased significantly owing to increasing awareness regarding use of energy efficient lighting solutions,
and growing need to improve road safety. Other factors driving the market growth include growing
disposable income, technological advancements, and changing lifestyles. New emerging markets,
emerging consumer demographics, and increasing adoption of eco-friendly lighting solutions would
provide growth opportunities for automotive lighting market in the coming years.
The use of LED lights in automobiles has increased significantly and these lights are gradually replacing
halogen and xenon lights for headlamps and daytime running lights. LED technology is being used for
rear lights, brake lights, indicators and daytime running lights owing to their reduced costs and greater
flexibility. High brightness white LEDs offer improved visibility, are smaller in size, and offer controlled
illumination pattern to avoid dazzling other drivers on the road.
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Automotive Lighting Market Scope
By Type By Technology By End-User by Sales Channel By Region Report Attributes
Exterior LED Passenger Vehicles OEM North America Historic year: 2015-
Interior Halogen Commercial Aftermarket Europe 2016
Xenon Vehicles Asia Pacific Base year: 2017
Others Latin America Middle Forecast Year: 2018-
East & Africa 2026
Revenue ((USD Million)
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Automotive Lighting Market Estimate & Forecast to 2026
In 2017, Asia-Pacific accounted for the highest share in the global automotive lighting market.
Established automotive industry, technological advancements, and high investment in R&D are factors
expected to drive the market growth in the region. The introduction of stringent government regulations
regarding vehicular safety and use of eco-friendly lighting solutions accelerates the adoption of
automotive lighting in the region. The economic growth in countries such as China, Japan, and India,
rising living standards and growing disposable income further increases the demand of automobiles in the
region. Expansion of global players into these countries to tap market potential boosts the Automotive
Lighting Market Growth.
The leading companies profiled in the Automotive Lighting Market report include Osram GmbH,
Koninklijke Philips N.V., Zizala Lichtsysteme GmbH, Magneti Marelli S.P.A., Stanley Electric Co., Ltd.,
Ichikoh Industries, Ltd., Hella KGaA Hueck & Co., Koito Manufacturing Co. Ltd., General Electric Lighting,
and Valeo S.A. These companies launch new products and collaborate with other market leaders to
innovate and launch new products to meet the increasing needs and requirements of consumers.
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Automotive Lighting Market Size
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About Us
Polaris Market Research is a global market research and consulting company. The company
specializes in providing exceptional market intelligence and in-depth business research services
for our clientele spread across different enterprises. We at Polaris are obliged to e present across
the industries of healthcare, technology, semi-conductors and chemicals among various other
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