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    Automotive Lighting Market Report

    Automotive Lighting Market Report
    Report code - SRTI216 Delivery - 2 Weeks
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    Automotive Lighting Market Size, Share, Trend, Forecast, & Industry Analysis – 2 See more...

    Impact of COVID-19 on Automotive Lighting Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Automotive Lighting Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    Automotive Lighting Market is likely to witness a CAGR of 4.5% during the forecast period. Major factors such as surge in production of passenger and commercial vehicles, increasing preference towards aesthetically pleasing and technologically modern automotive lights accompanied with the growing demand from OEMs as well as aftermarket distributors is expected to drive the growth of the market. In addition, the rise in the disposable income of consumers mixed with growing road safety concerns related to passenger and commercial vehicle is expected to fuel the growth of the market during the forecast period.

    Automotive Lighting Market – Snapshot

    Growth

    4.5% for the next five years

    Major Vehicle Type

    PCV

    Major Technology Type

    LED

    Major Application Type

    Interior Lighting

    Region with the highest demand

    Europe

    Key Players

    General Electric Company, Hella KGaA Hueck & Co., Hyundai Mobis, Koito Manufacturing Co., Ltd., Koninklijke Philips N.V., Magneti Marelli S.p.A., Osram Licht AG, Samsung Electronics, Valeo, and Varro.

    Segment Analysis

    Automotive-Lighting-Market-Dominant-Segments

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    Automotive Lighting Market Share: By Vehicle Type

    Based on the vehicle type, the market is segmented as PCV, LCV, HCV, and two-wheelers. PCV is expected to witness significant growth rate in the market during the forecast period owing to the frequent launch of passenger car vehicle models along with multiple offers provided by vehicle manufacturers. In addition, increasing investments by the premium and luxury car manufacturers to manufacture new products with enhanced features, and growing demand for passenger car sales in developed economies is further expected to drive the market growth during the forecast period. 

    Automotive Lighting Market Share: By Technology Type

    Based on the technology type, the market is segmented as LED, halogen, and xenon. LED technology type is anticipated to register high growth rate in the market owing to its attributes such as reduced power consumption, increased longevity and power output, which are boosting the product demand in the market during the forecast period. To meet the industry demand, major industry players are coming up with LED-focused products. Various efforts and investments are being made by automobile manufacturers to innovate better lighting solutions and enhance safety measures.

    Automotive Lighting Market Share: By Application Type

    Based on the application type, the market is segmented as interior lighting, side lighting, rear lighting and front lighting. The interior lighting application is estimated to account for the major share of the market during the forecast period on account of the growing usage of lighting in automobile interiors to supply enhanced lighting attributes. Interior lights sensitive of motion and surrounding are a preferred choice of customers who own expensive luxury and modern passenger cars. In addition, the integration of interior lights in buses and other commercial vehicles in order to avail enhanced visibility experience for passengers is further expected to drive the market growth during the forecast period. 

    Automotive Lighting Market Share: By Region

    In terms of regions, Europe is estimated to be the leading region in the market owing to the factor that the region is home to major automobile manufacturers such as BMW, Mercedes, Volkswagen and Volvo. These companies are the growth engines of the region contributing to the growing demand for automotive lighting products during the forecast period. In order to expand their businesses, manufacturers such as Philips, Osram, and Samsung are likely to maintain long-term settlements with the manufactures in the European region and this is further expected to fuel the market growth over the forecast period. North America and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

    Automotive-Lighting-Market-By-Region

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    Market Scope & Segmentation

    Lighting system of an automobile incorporates lighting and signaling devices usually present in the front, rear, side, or in the interior of the vehicle. Automotive lights are an integral part of a motor vehicle majorly utilized in the automotive industry to enhance the visibility of the vehicle.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Automotive Lighting Market Research Report - Features

    Market Segmentation

    4

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The automotive lighting market is segmented into the following categories.

    Automotive Lighting Market Size, Share, & Forecast, by Vehicle Type:

    • PCV (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • LCV (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • HCV (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Two-wheelers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Automotive Lighting Market Size, Share, & Forecast, by Technology Type:

    • LED (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Halogen (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Xenon (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Automotive Lighting Market Size, Share, & Forecast, by Application Type:

    • Interior Lighting (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Side Lighting (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Rear Lighting (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Front Lighting/Headlamps (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Automotive Lighting Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Automotive-Lighting-Market-Segmentation

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    Key Players

    Some of the key players in the automotive lighting market are-

    • General Electric Company
    • Hella KGaA Hueck & Co.
    • Hyundai Mobis
    • Koito Manufacturing Co., Ltd.
    • Koninklijke Philips N.V.
    • Magneti Marelli S.p.A.
    • Osram Licht AG
    • Samsung Electronics
    • Valeo
    • Varroc.

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation by any one of the technology types by application type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]

    Frequently Asked Questions (FAQs)

    The automotive lighting market is expected to witness an impressive growth of 4.5% CAGR in the foreseeable future.

    General Electric Company, Hella KGaA Hueck & Co., Hyundai Mobis, Koito Manufacturing Co., Ltd., Koninklijke Philips N.V., Magneti Marelli S.p.A., Osram Licht AG, Samsung Electronics, Valeo, and Varro are among the key players in the automotive lighting market.

    Europe is expected to be the leading automotive lighting market during the forecast period.

    The interior lighting application is expected to account for the major share of the automotive lighting market in the coming years.

    LED technology type is expected to register high growth rate in the automotive lighting market during the next five years.

    PCV is expected to witness significant growth rate in the automotive lighting market in the coming five years.

    Surge in production of passenger and commercial vehicles, increasing preference towards aesthetically pleasing and technologically modern automotive lights accompanied with the growing demand from OEMs as well as aftermarket distributors are the factors driving the growth of automotive lighting market.

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