1. Market Research
  2. > Manufacturing
  3. > Electrical Equipment Market Trends

Lighting Market for ICE & EVs By Technology, Position, Application, Adaptive Lighting & Region - Forecast to 2022

  • June 2017
  • 243 pages
  • MarketsandMarkets
Report ID: 4968736

Summary

Table of Contents

Search Inside

“Increase in vehicle production and lighting applications to upsurge the lighting demand in automotive industry”
The Lighting market for Automotive, by value, is projected to grow at a CAGR of 6.80% from 2017 to 2022, to reach USD 29.97 billion by 2022. In addition to growing vehicle demand and increasing lighting applications, factors such as safety regulations and rising demand for comfort and luxury are expected to fuel the demand for advanced technologies such as adaptive lighting systems.

The major factors hindering the growth of the Lighting market for Automotive are the high cost involved in R&D and fluctuating prices of raw materials.

“LED technology is estimated to showcase fastest growth and is expected to lead in future lighting market”
The market for front LED technology, by value, is projected to grow at the highest CAGR during the forecast period from 2017 to 2022. This growth can be attributed to the benefits offered by LED technology, such as energy efficiency, low power consumption, lightweight, and flexibility. These benefits help to minimize the design constraints as compared to halogen lamps. The technology is estimated to lead the front lighting segment with applications such as Daytime Running Lamp (DRL), and projector headlamps as well as interior lighting segment where its applications are dashboard, glovebox, reading, dome, and rear view mirror lights.

“Front Adaptive Lighting to have the largest market in automotive adaptive lighting”
The front adaptive lighting market is expected to be the largest and fastest growing segment in the Lighting market for Automotive, by adaptive lighting. This growth can be attributed to stringent safety regulations in Europe and increased adoption of adaptive lighting features in premium cars in the Asia-Oceania region.

"Asia-Oceania region to dominate the market growth”
Asia-Oceania is estimated to dominate the Lighting market for Automotive, by value. It is projected to grow at the highest CAGR of 7.02% during the forecast period. This can be attributed to emerging economies such as China and India. In Asia-Oceania, the growth of automotive lighting solutions has been observed owing to the easy availability of raw materials and strong government support, which have boosted vehicle production and the overall lighting market.

The study contains insights provided by various industry experts. The break-up of the primaries is as follows:

• By Company Type – Tier-1 - 60 %, OEM 20%, and Tier 2 - 20%
• By Designation — C level - 25%, Manager level - 60%, and Others - 15%
• By Region — Europe - 20%, Asia-Oceania - 50%, North America - 30%

The major companies in the automotive lighting industry are profiled in the study. These include Hella KGaA Hueck & Co (Germany), Magneti Marelli S.p.A (Italy), Stanley Electric K.K (Japan), Valeo S.A. (France), Koito Manufacturing Co. Ltd. (Japan), OSRAM Licht AG (Germany), Koninklijke Philips N.V (Netherlands), Hyundai Mobis (South Korea), Ichikoh Industries Ltd. (Japan), and General Electric (U.S).

Research Coverage
The global Lighting market for Automotive is segmented based on the position (front, rear, side, and interior). The lighting used in these positions are categorized on the basis of technologies that have been deployed (Halogen/incandescent, Xenon/HID, and LED). The Lighting market for Automotive is also segmented based on the application—exterior (headlight, fog lights, DRL, taillights, CHMSL, sidelights, and others) and interior (dashboard, glovebox, reading lights, dome lights, rear view mirror lights); and based on vehicle type—ICE vehicles and alternate fuel vehicles. The adaptive lighting market is covered along with the alternate fuel vehicle market.


Reasons to Buy the Report:


The report provides insights with reference to the following points:
- Market Size: The report gives in-depth market sizing and forecast up to five years with third level segmentation.
- Market Development: The report provides comprehensive information about lucrative emerging markets. The report analyzes the markets for automotive lighting across regions.
- Product Development/Innovation: The report gives detailed insights into R&D activities, upcoming technologies, and new product launches in the global Lighting market for Automotive.
- Market Diversification: The report offers detailed information about untapped markets, investments, new products, and recent developments in the global Lighting market for Automotive.
- Vendor Dive Matrix: The report provides detailed information and in depth analysis of key players based on their business strategy and product offering.
- Supplier analysis: The report gives a brief analysis of Who Supplies Whom data for key automotive lighting manufacturers and their clients (OEMs).

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Veronica helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

World Lighting Product Markets to 2021

  • $ 26055
  • Industry report
  • July 2017
  • by Global Research & Data Services

The report package World Lighting Product Markets to 2021 offers the most up-to-date industry data on the actual market situation, and future outlook for lighting products in the world. Along with a global ...

Lighting Product Markets in Europe to 2021

  • $ 12755
  • Industry report
  • July 2017
  • by Global Research & Data Services

The report package Lighting Product Markets in Europe to 2021 offers the most up-to-date industry data on the actual market situation, and future outlook for lighting products in different European countries. ...

Lighting Product Markets in Asia to 2021

  • $ 10494
  • Industry report
  • July 2017
  • by Global Research & Data Services

The report package Lighting Product Markets in Asia to 2021 offers the most up-to-date industry data on the actual market situation, and future outlook for lighting products in different Asian countries. ...


ref:plp2017

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.