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Global Automotive lighting Market by Vehicle type, End-user, and Geography - Forecast and Analysis 2023-2027

  • Published: Dec 2022
  • Pages: 173
  • SKU: IRTNTR41032
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The automotive lighting market is estimated to grow at a CAGR of 9.79% and the size of the market is forecast to increase by USD 14,415.24 million between 2022 and 2027. Lightning has a significant role in automotive vehicles. It ensures visibility and safety on the road through lighting and signaling. It is also an important feature of vehicle interiors and improves vehicle conspicuity.  

Vendors are trying to come up with innovative ideas which is a leading factor for market growth. Considering the consumer preference for in-vehicle comfort, several mid-segment vehicle manufacturers are offering LED lighting systems in their latest vehicle models. For instance, in December 2019, MG (Morris Garages) Motor India unveiled its ZS EV in India. 

The demand for the automotive lighting market is increasing significantly in APAC. The sales of SUVs in India increased by 76,651 units in 2018 compared with 2017. Similarly, in Japan, it increased by 31,444 units in 2018 compared with 2017.  Toyota Alphard was among the top-sold luxury SUVs in Japan in 2018. The vehicle model features exterior lighting systems such as LED headlamps with daytime running lights, and body-color ORVMs with integrated indicators.

This report extensively covers market segmentation by vehicle type (passenger cars and commercial vehicles), and end-user (OEM and aftermarket). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021. 

What will be the size of the Automotive Lighting Market During the Forecast Period?

Automotive lighting Market Size

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Parent Market Analysis

Technavio categorizes the global automotive lighting market as a part of the global automotive components and accessories market within the global auto components market. The parent global automotive components and accessories market covers companies engaged in the production of parts and accessories for automobiles like passenger cars (PCs), electric vehicles (EVs), commercial vehicles (CVs), heavy-duty vehicles, off-road vehicles, motorcycles, scooters, quad bikes, and three-wheelers. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Automotive Lighting Market: Key Drivers, Trends, Challenges, and Customer Landscape

The rise in penetration of LED lighting is notably driving the market growth, although factors such as stringent regulations governing automotive lighting technologies may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Automotive Lighting Market Driver

The rise in penetration of LED lighting is notably driving the automotive lighting market growth. LED headlamps were introduced in 2007; however, their high cost restricted their adoption to just the luxury vehicle segment. Therefore, mainly halogen and Xenon were used in mid-segment vehicles for exterior lighting such as head, rear, and small lamps. Although halogen light is economical compared with LED lamps, their key disadvantages include high-power consumption and high heat generation that affect the overall performance of headlamps. Similarly, the major disadvantages of Xenon lights were strong glare that can affect the visibility of drivers in oncoming vehicles. These disadvantages led automotive OEMs to focus on LED headlamps and lighting.

Standardization of LED modules and ease in designing lighting systems have provided design flexibility to automotive OEMs. Furthermore, innovations in technologies result in enabling features such as glare-free adaptive drive beams (ADB) that enhance the performance of LED lighting systems in the automotive segment. Such features assist drivers in identifying and locating other roads, especially during the night. Such advances in LED lighting technology related to headlamps have been a major factor driving the growth of LED technology in the luxury automobile segment. Furthermore, the decline in the price of LED lamps and their high energy efficiency features have increased their adoption in the mid-range automobile segment. As exterior lighting, such as headlamps and rear lights constitutes a major share of the automotive lighting market, the increase in the adoption of LED technology in both luxury and mid-segment cars is expected to provide high growth opportunities for vendors during the forecast period.

Significant Automotive Lighting Market Trend

The development of autonomous vehicles is a major trend in the automotive lighting market. Companies such as Delphi, are working toward expanding the autonomous driving concept. Such campaigns and promotions have widened the market acceptance of semi-autonomous features in passenger and commercial vehicles. Self-driving cars may become a reality toward the end of the forecast period, and in a decade, a sizeable number of self-driving vehicles are estimated to ply the road. The above-mentioned prominent automotive vendors have reached advanced levels in their research on autonomous vehicles. In addition, the development and testing of a wide gamut of features in advanced driver-assistance systems (ADAS) and telematics/connected vehicle applications and services are estimated to increase. 

Furthermore, consumer requirements and OEM offerings have widened to include safety, performance, stability, and comfort. These parameters are evolving with an increase in the number of automotive OEMs investing in autonomous vehicles. This evolution has outgrown the utility of conventional (underpowered) mechanical components to solve emerging automotive challenges and has boosted advanced lighting systems in the automotive industry. In addition, automobile manufacturers can showcase product differentiation only by offering special features. Enhanced features in any automobile are possible only through the addition of electronic content (or maybe wholly attributed to the electronic content inside a vehicle). Therefore, the rise in electronic content per vehicle and electrification of automobiles have become inevitable, thus driving the need for interior lighting. Therefore, the development of autonomous vehicles is expected to increase the demand for automotive lighting during the forecast period.

Major Automotive Lighting Market Challenge

Stringent regulations governing automotive lighting technologies are a major challenge impeding the automotive lighting market growth. Countries worldwide have mandated phasing out of incandescent light bulbs or halogen lighting technology to improve energy efficiency. This phasing out began in the US in 2012, with the gradual discontinuation of incandescent bulbs.

Even manufacturers of automotive LED lamps are subjected to legal and government regulations. Companies must get business and investment approvals and adhere to import and export regulations. They must also conform to regulations related to commerce, antitrust, patents, consumer rights, taxation, foreign exchange, environmental conservation, recycling, and safety. As exterior automotive lighting is considered part of safety features, regulatory bodies such as the Society of Automotive Engineers (SAE) International Lighting Committee have started to establish LED automotive lighting standards. Most of the countries follow the standards as prescribed by SAE, or they have their own federal regulations that govern the automotive lighting segment. Changes in these regulations can have a negative impact on the financial position of the companies and their market performances. 

When it comes to advanced lighting systems, the main challenge appears to be regulatory rather than technical. For instance, in April 2019, Audi equipped its A8 sedan with Matrix LED headlights. The matrix headlight was introduced in 2014, but the company is yet to get approval for the same from regulatory authorities such as National Highway Traffic Safety Administration (NHTSA) in the US to activate them. The delay in approval is attributed to stringent light testing parameters. This delay can adversely affect the automotive lighting market in the US. Such regulations restrict the adoption of newer technology and products, thus affecting vendors as well as automobile manufacturers.

Key Automotive Lighting Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Automotive lighting Market Share by Geography

Global Automotive Lighting Market Customer Landscape

Who are the Major Automotive lighting Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Hyundai Motor Group - The company operates under multiple segments including automobiles, and auto parts among others, with a high focus on automobiles.? The company under this segment?offers the production and sale of finished vehicles, RVs, commercial vehicles, and eco-friendly vehicles. The company's key offerings include automotive lighting.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • FLEX N GATE Corp
  • General Electric Co.
  • Koito Manufacturing Co. Ltd
  • Koninklijke Philips NV
  • Lumax Industries Ltd.
  • Marelli Holdings Co Ltd
  • Namyung Lighting Co. Ltd
  • NXP Semiconductors NV
  • Samsung Electronics Co. Ltd.
  • Seoul Semiconductor Co. Ltd.
  • Stanley Electric Co. Ltd.
  • Stellantis NV
  • Suprajit Engineering Ltd.
  • Varroc Engineering Ltd
  • OSRAM GmbH

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Automotive Lighting Market?

The market share growth by the passenger cars segment will be significant during the forecast period. In passenger cars, both interior and exterior lighting is primarily used. Although exterior lighting is the key factor driving the growth of lighting systems, the increase in preference from buyers to use interior lighting has provided high growth opportunities for vendors in the segment. 

Automotive lighting Market Size

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The passenger cars segment shows a gradual increase in the market share of USD 19,866.92 million in 2017 and continue to grow by 2021.  The luxury car segment is the primary contributor to the interior automotive lighting market. This is driven by the increase in demand for luxury cars, especially in developing economies, along with technological innovations and vehicle safety features. The integration of these lighting systems with infotainment systems and ambient lighting as brand differentiators is expected to intensify market growth. The passenger cars segment of the global automotive lighting market will be primarily driven by the increasing adoption of sport utility vehicles (SUVs) among customers during the forecast period. Passenger car manufacturers have been focusing on enhancing in-vehicle comfort, and automotive lights play a vital role in increasing vehicle comfort. Moreover, the consumer demand for in-vehicle comfort is rising as the average time spent in vehicles is increasing across the globe. These factors have led OEMs and automotive lighting manufacturing companies to invest heavily in advanced lighting systems that can provide added comfort to passengers. Considering the consumer preference for in-vehicle comfort, several mid-segment vehicle manufacturers are offering LED lighting systems in their latest vehicle models. Such launch of vehicles with technologically advanced LED lamps is anticipated to drive the global automotive lighting market in terms of revenue during the forecast period. 

Which are the Key Regions for the Automotive Lighting Market?

Automotive lighting Market Share by Geography

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APAC is estimated to contribute 58% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

The automotive lighting market in APAC will grow consistently during the forecast period due to the increase in demand for LED lighting systems and the rise in automotive production in the region. The demand for SUVs is increasing significantly in APAC.  Furthermore, there is also an upsurge in the sales of luxury vehicles in APAC countries.

Moreover, the region has been witnessing an increase in demand for EVs. Incentives provided by governing bodies and the establishment of EV charging infrastructure are driving their demand in the region. The growing concern over the use of diesel-powered vehicles is estimated to result in stringent emission norms in the region, which is anticipated to drive the demand for EVs in APAC. This demand for EVs is anticipated to create revenue-generation opportunities for automotive lighting vendors during the forecast period. 

The outbreak of COVID-19 negatively impacted the automotive lighting market in APAC in 2020. However, in 2021, due to the vaccination initiatives many industries, including automotive production, resumed their operations, resulting in an increase in the demand for automotive lighting. In addition, the rise in the demand for new technology automotive lightings, such as OLED and matrix LED, and laser lighting, will increase the demand for automotive lighting across APAC and will foster the growth of the regional automotive lighting market during the forecast period.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by Vehicle Type (Passenger cars and Commercial vehicles), End-user (OEM and Aftermarket), and Geography (APAC, Europe, North America, South America, and Middle East and Africa).

  • Vehicle Type Outlook (USD Million, 2017 - 2027)
    • Passenger cars
    • Commercial vehicles
  • End-user Outlook (USD Million, 2017 - 2027)
    • OEM
    • Aftermarket
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Chile
      • Brazil
      • Argentina

Automotive Lighting Market Scope

Report Coverage

Details

Page number

173

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 9.79%

Market growth 2023-2027

USD 14,415.24 million

Market structure

Fragmented

YoY growth 2022-2023(%)

7.49

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 58%

Key countries

US, China, Japan, India, and Germany

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

FLEX N GATE Corp, General Electric Co., Hyundai Motor Group, Koito Manufacturing Co. Ltd, Koninklijke Philips NV, Lumax Industries Ltd., Marelli Holdings Co Ltd, Namyung Lighting Co. Ltd, NXP Semiconductors NV, Samsung Electronics Co. Ltd., Seoul Semiconductor Co. Ltd., Stanley Electric Co. Ltd., Stellantis NV, Suprajit Engineering Ltd., Varroc Engineering Ltd, OSRAM GmbH, Robert Bosch GmbH, Valeo SA, Continental AG, and LG Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Automotive Lighting Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the automotive lighting market between 2023 and 2027
  • Precise estimation of the automotive lighting market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the industry across APAC, Europe, North America, South America, and Middle East and Africa
  • Thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of automotive lighting market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Vehicle Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global automotive lighting market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global automotive lighting market 2017 - 2021 ($ million)
    • 4.2 Vehicle type Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Vehicle type Segment 2017 - 2021 ($ million)
    • 4.3 End-user Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Vehicle Type

    • 6.1 Market segments
      • Exhibit 30: Chart on Vehicle Type - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Vehicle Type - Market share 2022-2027 (%)
    • 6.2 Comparison by Vehicle Type
      • Exhibit 32: Chart on Comparison by Vehicle Type
      • Exhibit 33: Data Table on Comparison by Vehicle Type
    • 6.3 Passenger cars - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Passenger cars - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Passenger cars - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Passenger cars - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Passenger cars - Year-over-year growth 2022-2027 (%)
    • 6.4 Commercial vehicles - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Commercial vehicles - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Commercial vehicles - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Commercial vehicles - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Commercial vehicles - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by Vehicle Type
      • Exhibit 42: Market opportunity by Vehicle Type ($ million)

    7 Market Segmentation by End-user

    • 7.1 Market segments
      • Exhibit 43: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 44: Data Table on End-user - Market share 2022-2027 (%)
    • 7.2 Comparison by End-user
      • Exhibit 45: Chart on Comparison by End-user
      • Exhibit 46: Data Table on Comparison by End-user
    • 7.3 OEM - Market size and forecast 2022-2027
      • Exhibit 47: Chart on OEM - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Data Table on OEM - Market size and forecast 2022-2027 ($ million)
      • Exhibit 49: Chart on OEM - Year-over-year growth 2022-2027 (%)
      • Exhibit 50: Data Table on OEM - Year-over-year growth 2022-2027 (%)
    • 7.4 Aftermarket - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Aftermarket - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Data Table on Aftermarket - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Chart on Aftermarket - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Aftermarket - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by End-user
      • Exhibit 55: Market opportunity by End-user ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 57: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 58: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 59: Chart on Geographic comparison
      • Exhibit 60: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 61: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 62: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 63: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 64: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 65: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 66: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 67: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 68: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 North America - Market size and forecast 2022-2027
      • Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 73: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 74: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 75: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 81: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 82: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 83: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 US - Market size and forecast 2022-2027
      • Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.10 Japan - Market size and forecast 2022-2027
      • Exhibit 89: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 90: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 91: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.11 India - Market size and forecast 2022-2027
      • Exhibit 93: Chart on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 94: Data Table on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 95: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.12 Germany - Market size and forecast 2022-2027
      • Exhibit 97: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 98: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 99: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 101: Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 102: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 103: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 104: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 105: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 106: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 107: Matrix on vendor position and classification
            • 12.3 FLEX N GATE Corp
              • Exhibit 108: FLEX N GATE Corp - Overview
              • Exhibit 109: FLEX N GATE Corp - Product / Service
              • Exhibit 110: FLEX N GATE Corp - Key offerings
            • 12.4 General Electric Co.
              • Exhibit 111: General Electric Co. - Overview
              • Exhibit 112: General Electric Co. - Business segments
              • Exhibit 113: General Electric Co. - Key news
              • Exhibit 114: General Electric Co. - Key offerings
              • Exhibit 115: General Electric Co. - Segment focus
            • 12.5 Hyundai Motor Group
              • Exhibit 116: Hyundai Motor Group - Overview
              • Exhibit 117: Hyundai Motor Group - Business segments
              • Exhibit 118: Hyundai Motor Group - Key offerings
              • Exhibit 119: Hyundai Motor Group - Segment focus
            • 12.6 Koito Manufacturing Co. Ltd
              • Exhibit 120: Koito Manufacturing Co. Ltd - Overview
              • Exhibit 121: Koito Manufacturing Co. Ltd - Business segments
              • Exhibit 122: Koito Manufacturing Co. Ltd - Key offerings
              • Exhibit 123: Koito Manufacturing Co. Ltd - Segment focus
            • 12.7 Koninklijke Philips NV
              • Exhibit 124: Koninklijke Philips NV - Overview
              • Exhibit 125: Koninklijke Philips NV - Business segments
              • Exhibit 126: Koninklijke Philips NV - Key news
              • Exhibit 127: Koninklijke Philips NV - Key offerings
              • Exhibit 128: Koninklijke Philips NV - Segment focus
            • 12.8 LG Corp.
              • Exhibit 129: LG Corp. - Overview
              • Exhibit 130: LG Corp. - Business segments
              • Exhibit 131: LG Corp. - Key offerings
              • Exhibit 132: LG Corp. - Segment focus
            • 12.9 Marelli Holdings Co Ltd
              • Exhibit 133: Marelli Holdings Co Ltd - Overview
              • Exhibit 134: Marelli Holdings Co Ltd - Product / Service
              • Exhibit 135: Marelli Holdings Co Ltd - Key news
              • Exhibit 136: Marelli Holdings Co Ltd - Key offerings
            • 12.10 NXP Semiconductors NV
              • Exhibit 137: NXP Semiconductors NV - Overview
              • Exhibit 138: NXP Semiconductors NV - Product / Service
              • Exhibit 139: NXP Semiconductors NV - Key news
              • Exhibit 140: NXP Semiconductors NV - Key offerings
            • 12.11 OSRAM GmbH
              • Exhibit 141: OSRAM GmbH - Overview
              • Exhibit 142: OSRAM GmbH - Business segments
              • Exhibit 143: OSRAM GmbH - Key offerings
              • Exhibit 144: OSRAM GmbH - Segment focus
            • 12.12 Robert Bosch GmbH
              • Exhibit 145: Robert Bosch GmbH - Overview
              • Exhibit 146: Robert Bosch GmbH - Business segments
              • Exhibit 147: Robert Bosch GmbH - Key news
              • Exhibit 148: Robert Bosch GmbH - Key offerings
              • Exhibit 149: Robert Bosch GmbH - Segment focus
            • 12.13 Samsung Electronics Co. Ltd.
              • Exhibit 150: Samsung Electronics Co. Ltd. - Overview
              • Exhibit 151: Samsung Electronics Co. Ltd. - Business segments
              • Exhibit 152: Samsung Electronics Co. Ltd. - Key news
              • Exhibit 153: Samsung Electronics Co. Ltd. - Key offerings
              • Exhibit 154: Samsung Electronics Co. Ltd. - Segment focus
            • 12.14 Stanley Electric Co. Ltd.
              • Exhibit 155: Stanley Electric Co. Ltd. - Overview
              • Exhibit 156: Stanley Electric Co. Ltd. - Business segments
              • Exhibit 157: Stanley Electric Co. Ltd. - Key offerings
              • Exhibit 158: Stanley Electric Co. Ltd. - Segment focus
            • 12.15 Stellantis NV
              • Exhibit 159: Stellantis NV - Overview
              • Exhibit 160: Stellantis NV - Business segments
              • Exhibit 161: Stellantis NV - Key news
              • Exhibit 162: Stellantis NV - Key offerings
              • Exhibit 163: Stellantis NV - Segment focus
            • 12.16 Valeo SA
              • Exhibit 164: Valeo SA - Overview
              • Exhibit 165: Valeo SA - Business segments
              • Exhibit 166: Valeo SA - Key news
              • Exhibit 167: Valeo SA - Key offerings
              • Exhibit 168: Valeo SA - Segment focus
            • 12.17 Varroc Engineering Ltd
              • Exhibit 169: Varroc Engineering Ltd - Overview
              • Exhibit 170: Varroc Engineering Ltd - Business segments
              • Exhibit 171: Varroc Engineering Ltd - Key offerings
              • Exhibit 172: Varroc Engineering Ltd - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 173: Inclusions checklist
                • Exhibit 174: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 175: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 176: Research methodology
                • Exhibit 177: Validation techniques employed for market sizing
                • Exhibit 178: Information sources
              • 13.5 List of abbreviations
                • Exhibit 179: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
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              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
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              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Automotive lighting market growth will increase by $14415.24 million during 2023-2027.
              The automotive lighting market is expected to grow at a CAGR of 9.79% during 2023-2027.
              Technavio has segmented the automotive lighting market by vehicle type (Passenger cars and Commercial vehicles) ,end-user (OEM, Aftermarket, Metal fabrication, Consumer goods, and Others) , and geography (APAC, Europe, North America, South America, and Middle East and Africa).
              FLEX N GATE Corp, General Electric Co., Hyundai Motor Group, Koito Manufacturing Co. Ltd, Koninklijke Philips NV, Lumax Industries Ltd., Marelli Holdings Co Ltd, Namyung Lighting Co. Ltd, NXP Semiconductors NV, Samsung Electronics Co. Ltd., Seoul Semiconductor Co. Ltd., Stanley Electric Co. Ltd., Stellantis NV, Suprajit Engineering Ltd., Varroc Engineering Ltd, OSRAM GmbH, Robert Bosch GmbH, Valeo SA, Continental AG, LG Corp. are a few of the key vendors in the automotive lighting market.
              APAC will register the highest growth rate of 57.74% among the other regions. Therefore, the automotive lighting market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the automotive lighting market growth are:
              • Increasing demand for effective interior lighting
              • Development of autonomous vehicles
              The automotive lighting market vendors should focus on grabbing business opportunities from the passenger cars segment as it accounted for the largest market share in the base year.
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