Global Automotive Lighting Market 2019-2026:Quantitative Analysis By Koninklijke Philips N.V.; HYUNDAI MOBIS; Valeo; KOITO MANUFACTURING CO., LTD.; Magneti Marelli S.p.A.; OSRAM GmbH; STANLEY ELECTRIC & Others
Few of the major competitors currently working in the global automotive lighting market are Cree, Inc.; Tungsram; HELLA GmbH & Co. KGaA; Koninklijke Philips N.V.; HYUNDAI MOBIS; Valeo; KOITO MANUFACTURING CO., LTD.; Magneti Marelli S.p.A.; OSRAM GmbH; STANLEY ELECTRIC CO., LTD.; ZKW; Continental AG; Grupo Antolin; Tenneco Inc.; Lear Corporation; Gentex Corporation; FLEX-N-GATE CORPORATION; DENSO CORPORATION; Varroc Group; Lumax Industries; LG Electronics; SAMSUNG among others.
Competitive Analysis:
Global automotive lighting market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of automotive lighting market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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Market Drivers:
Rising adoption from the premium vehicles and manufacturers; this factor is expected to drive the growth of the market
Presence of various regulations and compliances regarding the applicability of lighting products in vehicles will propel the market growth
Growing rate of adoption for adaptive lighting systems is also expected to fuel the growth of the market
Increasing volume of vehicles amid rising levels of economic capabilities regarding the customization in vehicles acts as a market driver
Market Restraints:
Large levels of costs associated with the integration of LED lighting systems in vehicles; this factor is expected to restrict the growth of the market
Lack of usage of advanced lighting solutions from the various luxury vehicles will hamper this market growth
Segmentation: Global Automotive Lighting Market
By Technology
Halogen
Light-Emitting Diode (LED)
Xenon
By Application
Exterior Lighting
Headlights
Fog Lights
Daytime Running Lights (DRL)
Taillights
Centre High-Mount Stop Light (CHMSL)
Sidelights
Interior Lighting
Dashboard
Glove Box
Reading Lights
Dome Lights
Passenger Cars (PC) Lighting
Position
Interior Lighting
Dashboard
Glove Box
Reading Light
Dome Light
Exterior Lighting
Headlight
Fog Light
Daytime Running Light (DRL)
Taillight
Sidelight
Centre High-Mount Stop Light (CHMSL)
Light Commercial Vehicles (LCV) Lighting
Position
Interior Lighting
Dashboard
Glove Box
Dome Light
Exterior Lighting
Headlight
Fog Light
Daytime Running Light (DRL)
Taillight
Sidelight
Centre High-Mount Stop Light (CHMSL)
By Adaptive Lighting
Front Adaptive Lighting
Auto On/Off
Bending/Cornering
High Beam Assist
Headlight Levelling
Rear Adaptive Lighting
Ambient Lighting
By Vehicle Type
Passenger Cars (PC)
Compact
Mid
Luxury
Sports Utility Vehicles (SUVs)
Light Commercial Vehicles (LCV)
Heavy Commercial Vehicles (HCV)
Electric Vehicles (EV)
Battery Electric
Plug-In Hybrid Electric
Hybrid Electric
Two-Wheelers
Motorcycles
Scooters
By Electric Vehicle (EV) Technology
Halogen
Light Emitting Diode (LED)
Xenon
By Electric Vehicle (EV) Application
Exterior Lighting
Headlight
Fog Light
Daytime Running Light (DRL)
Taillight
Sidelight
Centre High-Mount Stop Light (CHMSL)
Interior Lighting
Dashboard
Glove Box
Reading
Dome
By Two-Wheeler Technology
Halogen
Light Emitting Diode (LED)
Xenon
By Product Scale
Original Equipment Manufacturers (OEMs)
Aftermarket
By Geography
North America
Europe
Asia-Pacific
South America
Middle East and Africa
Key Developments in the Market:
In April 2019, HELLA GmbH & Co. KGaA announced that they had agreed to a cooperation agreement with Liuzhou Wuling Automotive Industry Co., Ltd. for the advancement of automotive lighting solutions. This agreement will lead to better presence of HELLA in China as they look to provide greater access to their product innovations for the consumers
In January 2019, Valeo and Cree, Inc. announced that they had developed a new High Definition (HD) LED array for automotive lighting which will be exhibited at “CES 2019” as “Valeo PictureBeam Monolithic”. This innovative product range is based on Cree’s LED technology which can enhance the safety of vehicles
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Key Insights in the report:
Complete and distinct analysis of the market drivers and restraints
Key market players involved in this industry
Detailed analysis of the market segmentation
Competitive analysis of the key players involved
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