AUTOMOTIVE LIGHTING MARKET ANALYSIS

The automotive sector is one of the most prominent and largest contributing industries towards growth in GDP of some of the largest and fastest growing economies. According to the Organisation Internationale des Constructeurs d’Automobiles (OICA), the automotive sales increase by more than 30% annually. In 2016, sales of automotive vehicles was 93.9 million units from 89.7 million  units in 2015  worldwide. Increasing sales of automotive vehicles is driving growth of the automotive lighting market. The lighting provides illumination for the driver and also helps other drivers and pedestrians on the road to detect the position of vehicle. Furthermore, lighting systems adds to aesthetics of the vehicle, both externally and internally.

Implementation of new technologies in lighting is the one of the key factor propelling growth of the market.

Increasing implementation of new lighting technologies in automotive industry plays a major role for the growth of the automotive lighting market. Light emitting diode (LEDs), Organic light emitting diode (OLEDs), and Adaptive Front-lighting System (AFS) are some of the new lighting technologies, which are boosting the growth of automotive lighting market This technology helps in improving the driver visibility, which results in increasing  road traffic safety and helps to reduce the collision.  Furthermore, various advantages such as long life, energy efficiency, and less heat generation is fuelling growth of the automotive lighting industry.

Automotive Lightning Market Taxonomy

By Technology:

• Halogen
• Xenon/HID(High-Intensity Discharge)
• LED(Light Emission Diode)

By vehicle type:

• Passenger Vehicles
• Commercial Vehicles

In vehicle type, passenger vehicles segment held dominant position in the global automotive lighting system market in 2016, owing increasing sales of passenger cars, which in turn is driving growth of the market. For instance, according to the Organisation Internationale des Constructeurs d’Automobiles (OICA) analysis, in 2016, around 69.5 million unit of passenger cars were sold worldwide from 66.4 million units in 2015.  

By application:

• Front Light
• Fog Light
• Rear Light
• Side Light
• Interior Light

Global Automotive Lighting Market Outlook – Asia Pacific holds largest market share in the global automotive lighting market.

On the basis of geography, a global automotive lighting market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2016, Asia Pacific held a dominant position in the market and is estimated to retain its dominance throughout the forecast period. India, china, Japan are some of the major economies, which are fuelling growth of the market in this region. India and China are the fastest emerging economies in the Asia-Pacific region, shows the ample growth opportunities towards the development of advanced lighting sources in the automotive industry. Moreover, the substantial growth in the automotive production in countries such as India and China is also contributing in the growth of the market in the region. In fact, according to the  Organisation Internationale des Constructeurs d’Automobiles (OICA) analysis, in 2016, around 24.37 million units of passenger cars were sold in china up from 21.21 million units in 2015. Moreover, 2.967 million units and 4.15 million units of passenger cars were sold in India and Japan, respectively in 2016.

Key Companies in Global Automotive Lighting Market

The global automotive lighting system market is a highly fragmented with presence of many global and local vendors. Major players operating in the global automotive lighting market include General Electric, Magneti Marelli S.P.A, Koito Manufacturing Co. Ltd, Valeo, Hella KGaA Hueck & Co., Stanley Electric Co., Ltd., Ichikoh Industries Ltd., Osram GmbH, Lumax Industries Zizala Lichtsysteme GmbH, and Koninklijke Philips N.

Key Developments:

• In June 2016, Magneti Marelli Automotive Lighting (MARELLI) started production of their new LED modules in Juárez production site in Mexico. This will help the company to serve their innovative products to their customers in NAFTA region.
• In January 2019, Valeo SA and Cree, Inc. showcased their jointly developed high definition (HD) LED array solution for automotive lighting systems. According to company, this module is much smaller and lighter than the other HD lighting solutions which makes it easier to integrate into all vehicles.
• In April 2018, Continental AG and Osram GMBH enters into an agreement to create a joint venture Osram Continental; to build an automotive lighting module. From July 2018, the new company is working on utilizing advancements in digitalization to produce intelligent car lighting solutions.
• In September 2019, HELLA and China FAW Group Co., Ltd. (FAW), one of the largest automobile manufacturers in China enters into an agreement to create a joint venture Changchun Hella Faway Automotive Lighting. This new company will provide headlamp systems as well as innovative car body and interior lighting products for vehicles.
• In September 2019, HELLA GmbH & Co. KGaA has launched the next generation of their Matrix LED systems. The new solution has “Solid State Lighting | High Definition" (SSL | HD) technology with miniaturized the light source. With the help of this technology, 15,000 LED pixels can be intelligently and individually controlled. The company has acquired its first order to integrate this new technology into a headlamps and is expected to available on road in next three years.