Automotive Exterior Lighting Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032
- Report ID: ME_0096535
- Format: Electronic (PDF)
- Publish Type: Publish
- Number of Pages: 250
Market Snapshot
Source: Market Expertz
| Study Period | 2019-2032 |
| Base Year | 2023 |
| Forcast Year | 2023-2032 |
| CAGR | 6.19 |
Gain accurate insights regarding the negative impacts of COVID-19 on all markets and industries
Download Sample PdfReport Overview
The Automotive Exterior Lighting Market size is estimated to grow at a CAGR of 5.62% between 2022 and 2032. The market size is forecast to increase by USD 3,789.45 million. The growth of the market depends on several factors, including the increasing demand for advanced lighting technologies in vehicles, stringent safety regulations, and the growing focus on vehicle aesthetics. Automotive exterior lighting refers to the lighting systems installed on the exterior of vehicles to provide illumination, enhance visibility, and improve safety. It includes headlights, taillights, fog lights, turn signals, and other lighting components.
Automotive Exterior Lighting Market Overview:
Drivers:
One of the key factors driving the automotive exterior lighting market growth is the increasing demand for advanced lighting technologies in vehicles. With the advancements in LED and adaptive lighting technologies, automotive exterior lighting systems have become more efficient, durable, and versatile. LED headlights, for example, offer better visibility, longer lifespan, and energy efficiency compared to traditional halogen headlights. The adoption of adaptive lighting systems, which automatically adjust the beam pattern and intensity based on driving conditions, further enhances safety and visibility on the road.
Moreover, stringent safety regulations mandating the use of specific lighting technologies in vehicles are also driving the market growth. Regulatory bodies across the globe have implemented standards and requirements for automotive lighting to ensure optimal visibility, signaling, and safety. For instance, the United Nations Economic Commission for Europe (UNECE) has established regulations for headlight performance, light intensity, and signaling functions. The compliance with these regulations drives the adoption of advanced lighting technologies in vehicles, thereby boosting the market growth.
Trends:
A key trend shaping the automotive exterior lighting market is the integration of advanced driver assistance systems (ADAS) with lighting technologies. Manufacturers are incorporating lighting elements into ADAS features such as adaptive cruise control, lane departure warning, and collision avoidance systems. For example, headlights with adaptive driving beam (ADB) technology can automatically adjust the beam pattern to avoid dazzling oncoming drivers while maintaining optimal visibility. This integration of lighting and ADAS technologies enhances safety, improves driving experience, and reduces the risk of accidents.
Furthermore, there is a growing focus on vehicle aesthetics, which is driving the demand for stylish and visually appealing exterior lighting designs. Manufacturers are offering innovative lighting designs, such as LED light strips, sequential turn signals, and dynamic lighting effects, to enhance the visual appeal of vehicles. These lighting features not only improve the overall aesthetics but also contribute to brand differentiation and customer satisfaction.
Restraints:
One of the key challenges hindering the automotive exterior lighting market growth is the high cost of advanced lighting technologies. LED headlights and other advanced lighting systems are relatively more expensive compared to traditional lighting technologies. The high cost of components, manufacturing, and integration may limit the adoption of advanced lighting technologies, especially in price-sensitive vehicle segments. However, with technological advancements and economies of scale, the cost of these lighting technologies is expected to decrease over time.
Automotive Exterior Lighting Market Segmentation By Application:
The headlights segment is estimated to witness significant growth during the forecast period. Headlights are a critical component of automotive exterior lighting, providing illumination for nighttime driving, visibility in adverse weather conditions, and signaling functions. The increasing demand for advanced lighting technologies, such as LED headlights and adaptive driving beam (ADB) systems, is driving the growth of this segment. LED headlights offer better visibility, energy efficiency, and longer lifespan compared to traditional halogen headlights. ADB systems enhance safety by automatically adjusting the beam pattern based on driving conditions.
The taillights segment is also expected to contribute to the market growth. Taillights play a crucial role in signaling and visibility, indicating the presence, position, and intentions of vehicles to other road users. The adoption of LED taillights, which offer improved visibility, faster response time, and customizable lighting effects, is driving the demand for taillights in vehicles.
Automotive Exterior Lighting Market Segmentation By Type:
The LED-based automotive exterior lighting segment is expected to dominate the market during the forecast period. LED lights offer several advantages, including energy efficiency, durability, and design flexibility. LED headlights, taillights, and other lighting components consume less power, generate less heat, and have a longer operational life compared to traditional lighting technologies. LED-based lighting systems also allow for innovative designs, customizable lighting effects, and improved visibility, driving their adoption in vehicles.
Regional Overview:
Download the report summary now!
Request pdf Sample
North America is estimated to contribute significantly to the growth of the global automotive exterior lighting market during the forecast period. The region has a high adoption rate of advanced lighting technologies in vehicles and stringent safety regulations, driving the demand for automotive exterior lighting solutions. The presence of key market players, technological advancements, and the growing focus on vehicle safety further support market growth in North America.
Europe is also expected to witness substantial growth in the automotive exterior lighting market. The region has stringent safety regulations and a strong emphasis on vehicle aesthetics. The increasing demand for advanced lighting technologies, such as LED headlights and dynamic lighting effects, is driving the market in Europe.
Automotive Exterior Lighting Market Customer Landscape:
The automotive exterior lighting market industry 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.
Who are the Major Automotive Exterior Lighting Market Companies?
Companies are implementing various strategies, such as product launches, partnerships, mergers and acquisitions, and geographical expansion, to enhance their presence in the market.
Some of the major companies operating in the automotive exterior lighting market include:
- Acuity Brands Lighting Inc.
- Continental AG
- Hella KGaA Hueck & Co.
- Koito Manufacturing Co., Ltd.
- Magneti Marelli S.p.A.
- Osram Licht AG
- Philips Lighting N.V.
- Valeo SA
- ZKW Group
The research report also includes detailed analyses of the competitive landscape of the market and information about key market players. Data is qualitatively analyzed to categorize companies based on their market presence and strength.
Segment Overview:
The automotive exterior lighting market report forecasts market growth by revenue at global, regional, and country levels and provides an analysis of the latest trends and growth opportunities from 2019 to 2032.
- Application Outlook (USD Million, 2019 - 2032)
o Headlights
o Taillights
o Fog Lights
o Turn Signals
o Others
- Type Outlook (USD Million, 2019 - 2032)
o LED-based
o Halogen-based
o Xenon-based
o Others
- Geography Outlook (USD Million, 2019 - 2032)
o North America
- The U.S.
- Canada
o Europe
- K.
- Germany
- France
- Rest of Europe
o Asia Pacific
- China
- India
o South America
- Brazil
- Argentina
- Rest of South America
o Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
TABLE OF CONTENTS: Asia Pacific Automotive Exterior Lighting MARKET
Chapter 1. MARKET SYNOPSIS
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. EXECUTIVE SUMMARY
2.1. Summary Snapshot, 2016 – 2027
Chapter 3. INDICATIVE METRICS
3.1. Macro Indicators
Chapter 4. Automotive Exterior Lighting MARKET SEGMENTATION & IMPACT ANALYSIS
4.1. Automotive Exterior Lighting Segmentation Analysis
4.2. Industrial Outlook
4.3. Price Trend Analysis
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.5.1. Power Of Suppliers
4.5.2. Power Of Buyers
4.5.3. Threat Of Substitutes
4.5.4. Threat Of New Entrants
4.5.5. Competitive Rivalry
Chapter 5. Change Automotive Exterior Lighting MARKET BY technology INSIGHTS & TRENDS
5.1. Segment 1 Dynamics & Market Share, 2019 & 2027
5.2. Halogen
5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
5.3. Xenon
5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
5.4. LED
5.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
5.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
Chapter 6. Automotive Exterior Lighting MARKET BY sales channel INSIGHTS & TRENDS
6.1. Segment 2 Dynamics & Market Share, 2019 & 2027
6.2. OEM
6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)
6.3. Aftermarket
6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)
6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million
Chapter 7. Automotive Exterior Lighting MARKET REGIONAL OUTLOOK
7.1. Automotive Exterior Lighting Market Share By Region, 2019 & 2027
7.2. NORTH AMERICA
7.2.1. North America Automotive Exterior Lighting Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.2.2. North America Automotive Exterior Lighting Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.2.3. North America Automotive Exterior Lighting Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.2.4. North America Automotive Exterior Lighting Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.2.5. U.S.
7.2.5.1. U.S Automotive Exterior Lighting Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.2.5.2. U.S. Automotive Exterior Lighting Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.2.5.3. U.S. Automotive Exterior Lighting Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.2.5.4. U.S. Automotive Exterior Lighting Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.2.6. CANADA
7.2.6.1. Canada Automotive Exterior Lighting Market Estimates And Forecast, 2016 – 2027, (USD Million)
7.2.6.2. Canada Automotive Exterior Lighting Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.2.6.3. Canada Automotive Exterior Lighting Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.2.6.4. Canada Automotive Exterior Lighting Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3. EUROPE
7.3.1. Europe Automotive Exterior Lighting Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.2. Europe Automotive Exterior Lighting Estimates And Forecast By Segment 1, 2016 –2027, (USD Million
7.3.3. Europe Automotive Exterior Lighting Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.4. Europe Automotive Exterior Lighting Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3.5. GERMANY
7.3.5.1. Germany Automotive Exterior Lighting Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.5.2. Germany Automotive Exterior Lighting Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.5.3. Germany Automotive Exterior Lighting Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.5.4. Germany Automotive Exterior Lighting Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3.6. FRANCE
7.3.6.1. France Automotive Exterior Lighting Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.6.2. France Automotive Exterior Lighting Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.6.3. France Automotive Exterior Lighting Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.6.4. France Automotive Exterior Lighting Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.3.7. U.K.
7.3.7.1. U.K. Automotive Exterior Lighting Estimates And Forecast, 2016 – 2027, (USD Million)
7.3.7.2. U.K. Automotive Exterior Lighting Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.3.7.3. U.K. Automotive Exterior Lighting Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.3.7.4. U.K Automotive Exterior Lighting Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4. ASIA-PACIFIC
7.4.1. Asia Pacific Automotive Exterior Lighting Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.2. Asia Pacific Automotive Exterior Lighting Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.3. Asia Pacific Automotive Exterior Lighting Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.4. Asia Pacific Automotive Exterior Lighting Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.5. CHINA
7.4.5.1. China Automotive Exterior Lighting Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.5.2. China Automotive Exterior Lighting Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.5.3. China Automotive Exterior Lighting Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.5.4. China Automotive Exterior Lighting Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.6. INDIA
7.4.6.1. India Automotive Exterior Lighting Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.6.2. India Automotive Exterior Lighting Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.6.3. India Automotive Exterior Lighting Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.6.4. India Automotive Exterior Lighting Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.7. JAPAN
7.4.7.1. Japan Automotive Exterior Lighting Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.7.2. Japan Automotive Exterior Lighting Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.7.3. Japan Automotive Exterior Lighting Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.7.4. Japan Automotive Exterior Lighting Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.4.8. AUSTRALIA
7.4.8.1. Australia Automotive Exterior Lighting Estimates And Forecast, 2016 – 2027, (USD Million)
7.4.8.2. Australia Automotive Exterior Lighting Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.4.8.3. Australia Automotive Exterior Lighting Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.4.8.4. Australia Automotive Exterior Lighting Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.5. MIDDLE EAST AND AFRICA (MEA)
7.5.1. Mea Automotive Exterior Lighting Estimates And Forecast, 2016 – 2027, (USD Million)
7.5.2. Mea Automotive Exterior Lighting Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.5.3. Mea Automotive Exterior Lighting Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.5.4. Mea Automotive Exterior Lighting Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
7.6. LATIN AMERICA
7.6.1. Latin America Automotive Exterior Lighting Estimates And Forecast, 2016 – 2027, (USD Million)
7.6.2. Latin America Automotive Exterior Lighting Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)
7.6.3. Latin America Automotive Exterior Lighting Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)
7.6.4. Latin America Automotive Exterior Lighting Estimates And Forecast By Production Process, 2016 –2027, (USD Million)
7.6.5. Latin America Automotive Exterior Lighting Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)
Chapter 8. COMPETITIVE LANDSCAPE
8.1. Market Share By Manufacturers
8.2. Strategic Benchmarking
8.2.1. New Product Launches
8.2.2. Investment & Expansion
8.2.3. Acquisitions
8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures
8.3. Vendor Landscape
8.3.1. North American Suppliers
8.3.2. European Suppliers
8.3.3. Asia-Pacific Suppliers
8.3.4. Rest Of The World Suppliers
Chapter 9. COMPANY PROFILES
9.1. Bosch
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Insights
9.1.4. Strategic Initiatives
9.2. Changzhou Xingyu Automotive Exterior Lighting
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Insights
9.2.4. Strategic Initiatives
9.3. System
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Insights
9.3.4. Strategic Initiatives
9.4. CML Innovative Technologies
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Insights
9.4.4. Strategic Initiatives
9.5. DRÄXLMAIER Group
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Insights
9.5.4. Strategic Initiatives
9.6. Efi Lighting
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Insights
9.6.4. Strategic Initiatives
9.7. Grupo Antolin
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Insights
9.7.4. Strategic Initiatives
9.8. Hella KGaA Hueck & Co
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Insights
9.8.4. Strategic Initiatives
9.9 . Innotec
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Insights
9.9.4. Strategic Initiatives
9.10. Koninklijke Philips
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Insights
9.10.4. Strategic Initiatives
RESEARCH METHODOLOGY
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Secondary Research Model
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Primary Insights
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
Market Estimation
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
Final Presentation
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
Personalized Business Report Tailored to Your Requirements
- Our expert analysts collaborate directly with you to comprehend your specific needs.
- Get data on regions, segments, competitors, and vendors of your choice.
- Information is presented in alignment with your exact preferences and formatting.
Free Sample Report
"Find new revenue generation opportunities"