Automotive Lighting Market Share, Trend & Growth Forecast to 2026

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Automotive Lighting Market Growth Potential
Forecast, 2026
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Key Insights Automotive Lighting Market

• Substantially high production of automotive
  spares, systems and vehicles in countries like
  China and Germany are propelling automotive
  lighting industry growth. Car manufacturers
  worldwide have reportedly started following the
  governments newer regulations pertaining to
  vehicle safety.
• Urbanization trends and technological
  advancements along with improving consumer
  lifestyles and rising purchasing power across
  several regions heavily contribute to the growing
  sales of passenger cars and luxury vehicles,
  driving automotive lighting market share.

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Continued

• Initiatives and concerns for road safety to avoid
  accidents have prompted a substantial increase in
  the automotive lighting market size. There is a
  mounting demand for automobiles around the world
  that has spurred the use of automotive lighting
  products, that are upgraded extensively with
  enhanced clarity and visibility to ensure
  passenger safety. For instance, Indias National
  Road Safety Policy has initiated numerous
  measures like launching an information database
  and raising awareness for road safety.
• There is a rising demand for advanced LEDs and
  light modules that are laser-based in order to
  improve the parameters for vehicle safety and
  provide aesthetic looks to the vehicle. LEDs
  offers numerous benefits like bright lights, low
  power consumption and efficiency of performance
  and energy. Audi, Honda Motor Company, Tata
  Motors, BMW, General Motors are few automotive
  OEMs that use LED based automotive lighting
  products.

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Major Companies Automotive Lighting Market

• Stanley Electric Co. Ltd.
• Valeo
• Varroc Group
• ZKW Group

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Regional Automotive Lighting Market

• The Europe automotive lighting market size was
  worth USD 8 billion in the year 2017 and is
  expected to witness a substantial growth owing to
  the presence of Audi, BMW and Mercedes-Benz the
  prime automobile manufacturers in the region.
  Moreover, the European Commission has set certain
  manufacturing standards to support sustainable
  development that primarily helps in the industry
  growth. .

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