Automotive Lighting Market worth $34.9 billion in 2025 - PowerPoint PPT Presentation

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Automotive Lighting Market worth $34.9 billion in 2025

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Automotive Lighting Market for ICE & EV by Technology (Halogen, LED, Xenon/HID), Position & Application (Head, Side, Tail, Fog, DRL, CHMSL, Dashboard, Glovebox, Reading, Dome, Rear View Mirror), Adaptive Lighting and Region - Global Forecast to 2025 – PowerPoint PPT presentation

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Title: Automotive Lighting Market worth $34.9 billion in 2025


1
MarketsandMarkets Presents

Automotive Lighting Market worth 34.9 billion in
2025
https//www.marketsandmarkets.com/Market-Reports/a
utomotive-lighting-market-1133.html
2
"Automotive Lighting Market for ICE EV by
Technology (Halogen, LED, Xenon/HID), Position
Application (Head, Side, Tail, Fog, DRL, CHMSL,
Dashboard, Glovebox, Reading, Dome, Rear View
Mirror), Adaptive Lighting and Region - Global
Forecast to 2025", size is estimated to be USD
27.0 billion in 2020 to USD 34.9 billion in 2025,
at a CAGR of 5.3. Rising disposable income has
resulted in an increase in consumer spending
capability to purchase premium vehicles, which,
in turn, is expected to drive the growth of the
market. Government initiatives for implementing
adaptive lighting to increase the drivers safety
is another key factor anticipated to fuel market
growth. Browse 393 market data Tables and 69
Figures spread through 302 Pages and in-depth TOC
on "Automotive Lighting Market Download PDF
Brochure _at_ https//www.marketsandmarkets.com/pdfdo
wnloadNew.asp?id1133 Key Players Hella
(Germany), Marelli (Italy), Osram (Germany),
Valeo (France), Continental (Germany), Philips
(Netherlands), Bosch (Germany), Varroc (India),
Hyundai Mobis (South Korea), Koito (Japan), Denso
(Japan), North American Lighting (US), Renesas
(Japan), Lumax (India), Aptiv (Netherlands),
Grupo Antolin (Spain), Lear Corporation (US),
Keboda (China), NXP (Netherlands), Gentex (US),
FlexNGate (US), and Federal-Mogul (US).
3
Passenger Car segment expected to be the largest
segment for the automotive lighting
market Passenger cars are expected to be the
largest segment for the automotive lighting
market on account of the rapid adoption of
advanced lighting systems. Moreover, increasing
sales of premium vehicles with pre-installed
adaptive headlights, adaptive taillights, and
ambient lights are expected to augment the growth
of the segment further. Additionally, visual
appeal is considered as a premium feature, and
lighting is one of the vital parameters that add
value to the visual appeal of the
vehicle. Historically, vehicle production
declined from 2017 to 2019, which also impacted
the automotive lighting market. Due to the
COVID-19 pandemic, the production sale of
vehicles have witnessed a major decline and are
expected to see a 20 decline in 2020
(MarketsandMarkets analysis). Thus, the
automotive lighting market could register a
further decline in 2020. The LED technology is
expected to be the fastest-growing segment The
LED technology is expected to grow at the fastest
rate as this offers a better package in terms of
adaptive technology. Moreover, LED consumes less
power in comparison to other technologies such as
halogen and xenon. LED headlights also offer
better visibility to the driver and reduce the
illumination effect on the eyes of the driver in
the opposite direction.
4
Asia Pacific to continue being the largest
consumer of the automotive lighting market China
was the largest manufacturer and consumer of the
automotive lighting due to the presence of a
robust automobile production base and huge
domestic sales of cars. Other Asian countries
such as Japan, Korea, and India showcased
promising growth during 2017 and 2018, and this
trend is likely to continue till 2025. Asia
Pacific is one of the main production bases for
several European and North American automotive
lighting manufacturers. Thus, the growing global
sales of automobiles are expected to drive the
growth of the automotive lighting
industry. However, the Asia Pacific automotive
industry has faced major challenges due to the
COVID-19 pandemic. For instance, the production
activities of major OEMs, like General Motors,
Honda, Nissan, Peugeot, and Renault, have been
disrupted, thereby impacting the automotive
lighting market as well. For instance, two-thirds
of automotive production has been directly
affected by Chinas industrial lockdown,
impacting the suppliers of lighting system
components as well. Additionally, the shortage of
Chinese-made parts has impacted global
production. Request FREE Sample Report _at_
https//www.marketsandmarkets.com/requestsampleNew
.asp?id1133
5
  • Recent Developments
  • In June 2019, Hella offered an integrated
    solution for complex lighting systems. The
    companys two business divisions, Lighting and
    Electronics, have been working closely to combine
    their product technologies into a flexible and
    modular product system. Headlight modules,
    electric control units, and sensors can be
    assembled according to the modular principle.
  • In April 2019, Hella signed a strategic
    cooperation agreement with Wuling Automotive
    Industry, which belongs to the Chinese Guangxi
    Automobile Group. Both partners intended to work
    together on automotive lighting technologies for
    the Chinese market, with a focus on the
    development of headlamps for the volume segment.
  • In January 2019, Hella launched Shapeline lamps,
    work lights, auxiliary lamps, warning lights, and
    accessories. The company equipped a show truck
    with lighting solutions that were developed for
    trucks and trailers.
  • In November 2018, Hella and Faurecia entered into
    a strategic collaboration to partner on interior
    lighting solutions for the cockpit. Both
    companies jointly developed lighting solutions in
    the domain of surface-lighting and
    dynamic-lighting for a personalized cockpit
    environment. Faurecia contributed its expertise
    as a complete system integrator for vehicle
    interiors, while Hella supplied innovative
    products in the field of interior lighting.
  • Dont miss out on business opportunities in
    Automotive Lighting Market. Speak to our analyst
    and gain crucial industry insights that will help
    your business grow.

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https//www.marketsandmarkets.com/Market-Reports/a
utomotive-lighting-market-1133.html
7
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