Automotive Lighting Market will Exhibit a Steady 6.0% CAGR through 2029 - PowerPoint PPT Presentation

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Automotive Lighting Market will Exhibit a Steady 6.0% CAGR through 2029


In a recent publication, Future Market Insights (FMI) provides a perspective on the growth trajectory of automotive lighting market for the period between 2019 and 2029. According to the study, worldwide sales of automotive lighting reached ~2 billion units, equating a value of ~US$ 36.5 billion in 2018. – PowerPoint PPT presentation

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Title: Automotive Lighting Market will Exhibit a Steady 6.0% CAGR through 2029

Automotive Lighting Market
  • April 2020

Report Id REP-GB-621 Published On
July-2019 Category Automotive Transportation
AboutFuture Market Insights
Future Market Insights (FMI) is a premier
provider of syndicated research reports, custom
research reports, and consulting services. We
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FMI is headquartered out of London, U.K., with a
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For detailed subscription information please
contact Hari. T (Sr. Manager - Global Business
Development) T 44 (0) 20 7692 8790 D 44
20 3287 4268 Email
Research Methodology (1/2)
  • Systematic Research Approach

In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc.
FMI formulates a detailed discussion guide to conduct expert and industry interviews
FMI develops a list of industry players (manufacturers), distributors, retailers and industry experts
FMI conducts interviews with industry experts, industry players, distributors and retailers
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includes sources of databases
Automotive Lighting Market Analysis
  • In a recent publication, Future Market Insights
    (FMI) provides a perspective on the growth
    trajectory of automotive lighting market for the
    period between 2019 and 2029. According to the
    study, worldwide sales of automotive lighting
    reached 2 billion units, equating a value of
    US 36.5 billion in 2018.
  • Gains remain driven by growing popularity of
    luxury cars and high purchasing power of middle
    class demographic in developing countries that
    increased the sales of passenger cars. In the
    view of rapid industrialization and expansion of
    construction industry, LCVs and HCVs have
    witnessed increasing sales in recent years, which
    worked in tandem with growing demand for
    automotive lighting.
  • However, an increase in penetration of
    counterfeit products, especially in developing
    economies, is likely to represent as a threat to
    consumer safety as well as to the growth of the
    market, according to FMIs findings.

Automotive Lighting Market Analysis
  • LED Lights over HID and Halogen Lights - The
    Shift is Underway
  • According to the study, the automotive lighting
    market is likely to grow at a CAGR of 6 over
    the predefined timeframe. Technological research
    and developments around automotive lighting are
    centered on better performance, improved safety,
    and innovative designs.
  • Although HID and halogen lights are still in use
    in most vehicles as they are relatively
    inexpensive and easy to replace, LED and OLED
    lights are increasingly becoming a standard in
    newer models, especially in premium cars.
    Considering the consumption of less power,
    increased efficiency and longer life,
    manufacturers are directing their massive
    investments in LED and OLED technologies. OEMs
    remained focused on introducing new headlamps
    technologies such as adaptive matrix headlamps,
    however several regulations set by NHTSA and IIHS
    have been making it difficult for manufacturers
    to embrace such cutting edge designs.

Automotive Lighting Market Analysis
  • According to the study, exterior lighting
    including front headlights and rear lights
    continues to gather increasing traction,
    collectively accounting for 84 revenue share in
    2018. With growing consumers interest in
    improved in-car ambience, OEMs are placing
    their bets in the development of innovative
    interior lighting as a means of brand
    differentiation and gaining distinct competitive
  • The study opines that automotive lighting for
    passenger cars continues to account for major
    share of the manufacturers bottom lines.
    Considering the mass urbanization and an
    increased in trade economies, market players are
    capitalizing on LCVs and HCVs which are
    increasing in demand for logistics and other
    applications. In addition, rising traffic
    congestion in developing countries has been
    driving the sales of two wheelers, thereby
    creating new opportunities for stakeholders in
    automotive lighting market.
  • As per the study, Asia Pacific, particularly in
    eastern region, continues to provide high growth
    prospects for the automotive lighting market.
    Robust automobile production in the region to
    address the increasing demand along with rising
    deployment of technically-advanced systems such
    as lighting control systems and driving
    assistance in modern vehicles is likely to work
    to the advantage of automotive lighting market

Automotive Lighting Market Analysis
  • The business asset offers an insightful outlook
    on the competitive landscape of automotive
    lighting market by analyzing new developments and
    key strategies adopted by the players. The market
    shows a fair level of consolidation, with leading
    players maintaining their focus on solid
    collaborations and acquisitions for firmer global
    footprint. Aligning with the global trend of
    customization also remains a key focus area of
    the market players.
  • Press Release Source https//
  • More from FMIs Automotive Transportation
    Market Intelligence
  • Retread Tires Market 
  • Commercial Vehicle Foundation Brakes Market
  • Real Time Parking System Market

Automotive Lighting Market Analysis
About Future Market Insights (FMI) Future Market
Insights (FMI) is a leading provider of market
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headquartered in London, the global financial
capital, and has delivery centers in the U.S. and
India. FMIs largest market research reports and
industry analysis help businesses navigate
challenges and take critical decisions with
confidence and clarity amidst breakneck
competition. Request for covid19 Impact
Analysis https//
Automotive Lighting Market Analysis
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