Automotive Lighting Market: Global Analysis, Industry Demand and Forecast to 2026

With regards to technology, halogen segment is expected to depict a steady demand in the automotive lighting market. Halogen lights offer several benefits such as easy replacement along with low cost of purchase on account of large availability in the market. However, the emergence of technologically enhanced and durable Xenon lights and LED has enabled the halogen technology to observe a gradual deceleration in demand, in turn negatively affecting the dynamics of halogen automotive lighting industry.

A rapid increase in adoption of automotive lighting solutions equipped with smart sensor technologies in commercial vehicles and cars, is estimated to drive the growth of automotive lighting market over the ensuing years. Besides, continuous research activities for development of innovative products will also significantly contribute to the market growth.

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Increasing prevalence of accidents has escalated the demand for automotive lighting, in turn prompting the auto manufacturers to develop lights with high durability and enhanced resolution capabilities. For instance, an eminent industry player HELLA, in 2019, launched a high-resolution lighting solution "Digital Light SSL | HD" designed specifically for catering the requirement of comfort and safety in road traffic. This SSL | HD based technology is an upgrade to the existing lighting functions such as glare-free and adaptive high beam. Additionally, it offers light-based safety features in the form of optical lane marking. Advent of such enhanced and efficient automotive lights will positively influence the market growth.

This high-tech lighting system will provide more animated and customized light patterns through large number of controlled OLEDs. Further, the system is also expected to provide better safety to the customers. Apparently, this collaboration would strengthen the company’s geographical foothold in the overall automotive lighting market space.

In terms of vehicle type, passenger cars and commercial vehicles segments are projected to register a substantial growth owing to elevating demand for smart automotive lighting in modern luxury cars. There has been a higher preference for ambient and mood sensitive lights with regards to interior decoration of cars which will fuel the product demand. Moreover, increasing road safety concerns as a result of rising cases of road accidents are encouraging the need for incorporating indicative automotive lighting in passenger cars and large commercial vehicles.

On the regional front, North American automotive lighting market is projected to depict a higher growth rate over the analysis timeline attributing to surging demand and large scale production of automobiles in the region. Based on a report by the Bureau of Transportation, in 2019, the U.S. automobile industry recorded a 1.2% rise in the production of vehicles as compared to 2018. Further, stringent norms from the regulatory authority pertaining to road safety in countries including Canada and the U.S. have impelled the growth of regional market.
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Some Point from Table of Contents:

Chapter 5. Automotive Lighting Market, By Technology

5.1.    Key trends by technology

5.2.    LED

5.2.1. Market estimates and forecast, 2015 – 2026

5.3.    Halogen

5.3.1. Market estimates and forecast, 2015 – 2026

5.4.    Xenon

5.4.1. Market estimates and forecast, 2015 – 2026

Chapter 6. Automotive Lighting Market, By Vehicle Type

6.1.    Key trends by vehicle type

6.2.    Passenger cars

6.2.1. Market estimates and forecast, 2015 – 2026

6.3.    Commercial vehicles

6.3.1. Market estimates and forecast, 2015 – 2026

6.4.    Two-wheelers

6.4.1. Market estimates and forecast, 2015 – 2026

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