Automotive Lighting System Market, (By Lighting Product Type: LED, Halogen, Xenon or HID. By Vehicle Type: Personal Vehicle, Commercial Vehicle, Two-Wheelers, Three-Wheelers, Tractors. By Application Type: Rear Lights, Side Lights, Interior Lights, Front or Headlights. By Region - North America, Europe, Asia Pacific, and LAMEA) – Global Industry Insights, Analysis, Trends, and Forecast 2022-2032

The global automotive lighting system market was valued at $33.2 billion in 2021 and it is expected to reach $64.3 billion at a CAGR of 6% between 2022 and 2032. An automotive lighting system is an important component in any kind of vehicle. It plays an essential role in automotive safety for drivers, road users, and other people. This lighting is mainly used to avoid road accidents. Even due to natural weather conditions such as winter fog, dust, rain, snow, and others, lighting is used in vehicles so a driver could see the road properly while driving.                

By region, Asia-Pacific holds the maximum share of the global automotive lighting system market.   

The use of an automotive lighting system further reduces the major accidents occurred on highways and other roads. Therefore, governments from several regions and countries are taking steps to spread awareness about road safety while driving and they are supporting the lighting manufacturing industries to produce innovative and advanced automotive lighting for the safety of people. Thus, the increasing adoption of lighting in automotive vehicles is expected to propel the growth of the market during the forecast period. There are various kinds of automotive lighting such as headlights, tail lights, LED lights, accessory lights, emergency lights, fog lights, and others, which are flourishing in the market due to increasing demand among a large number of customers. Newly advanced technologies such as Matrix LED, OLED, and laser lighting are widely produced in various automotive lighting manufacturing companies. Hence, this lighting has led the market to have more growth opportunities in upcoming years.

Source: SAI Research

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Based on products, the market is segmented into LED, Halogen, and Xenon or HID. The LED light is accounted for a significant market share. The segment is expected to drive market growth during the forecast period due to various advantages and benefits it is providing to a large number of customers across the globe. Additionally, premium vehicles are typically installed with LED lights due to their various features and advantages such as less power consumption ability, and high aesthetic value is rapidly increasing in demand. Moreover, the LED lights have less impact on a driver. Therefore this advanced technology is widely accepted across the globe, which is anticipated to boost the growth of the automotive lighting system market. Based on vehicle type, the market is divided into personal vehicles, commercial vehicles, two-wheelers, three-wheelers, tractors, and others. Among these, the personal or passenger vehicle segment is anticipated to be the fastest-growing category throughout the upcoming years due to the increasing demand for personal vehicles, rising in income, and the development of lifestyles in developed regions such as North America, Europe, and Asia-Pacific. 

Based on applications, the global automotive lighting system is segmented into rear lights, sidelights, interior lights, and front or headlights. The headlights are growing in the market due to the advancements and increasing adoption of LED lights. There are also other lights such as DSL or fog lights which are further anticipated to propel the growth of the market. However, the high costs of LED lights are an important concern for the automotive lighting system market across several nations, which have slowed down the market growth in particular. However, several benefits attached to LED lights are projected to make further growth opportunities in upcoming years. Geographically, the automotive lighting system market is segmented into North America, Europe, Asia-Pacific, Latin America, Africa, and the Middle East Countries. The Asia-Pacific region is dominating the overall market with having maximum share across the globe. Automobile production is growing in countries such as India, China, Japan, Singapore, and South Korea, among others. The adoption of LED lights is increasing in demand; therefore it is expected to drive the market during the forecast period. North America is also expected to be the fastest-growing market due to the increasing installation of LED lights in automotive vehicles, and the development of automotive lights manufacturing industries.

According to the study, key players such as Koito Manufacturing Company (Japan), Valeo Group Company (France), KKR and Co Inc Capital Market Company (U.S), Stanley Electric Company (Japan), Groupe PSA Automotive Manufacturer Company (France), Lumax Industries Limited Company (India), AMS Company (Austria), Tungsram Lighting Company (Hungary), Philips Multinational Conglomerate Company (Netherlands), LG Corporation Multinational Conglomerate Company (South Korea), Marelli Holdings Co Ltd Company (Japan), SL Corporation Company (South Korea), Lumileds Holding B.V (Netherlands), Varroc Engineering and Other Electronic Component manufacturing Company (India), Fiem Industries Ltd Auto Parts Company (India), General Electric Multinational Conglomerate Company (U.S), Hyundai Motor Group Company (South Korea), Texas Instruments Semiconductor Manufacturing Company (U.S), Hueck Folien Holding GmbH and Co. KG Company (Germany), Denso Automotive Manufacturer Company (Japan), Robert Bosch Stiftung GmbH Company (Germany), Savant Systems Home Automation Company (U.S), Daktronics Commercial Company (U.S), Samsung Group Multinational Conglomerate Company (South Korea), Toshiba Multinational Conglomerate Company (Japan), Zumtobel Group Lighting Company (Austria), Barco Technology Company (Belgium), among others are leading the global automotive lighting system market.

Scope of the Report:

The Global Automotive Lighting System Market Has Been Segmented Into:

The Global Automotive Lighting System Market – By Lighting Product Type:

• LED
• Halogen
• Xenon or HID

The Global Automotive Lighting System Market – By Vehicle Type: 

• Personal Vehicle
• Commercial Vehicle
• Two-Wheelers
• Three-Wheelers
• Tractors

The Global Automotive Lighting System Market – By Application Type:

• Rear Lights
• Side Lights
• Interior Lights
• Front or Headlights

The Global Automotive Lighting System Market – By Regions:  

North America 

• U.S.
• Canada
• Mexico

Europe

• Germany
• France
• Italy
• U.K.
• Russia
• Rest of Europe Countries

Asia-Pacific

• India
• China
• Japan
• South Korea
• North Korea
• Rest of Asian Countries

LAMEA

• Brazil
• Saudi Arabia
• Rest of LAMEA