Automotive Lighting Market - Forecast(2021 - 2026)

The global Automotive Lighting Market is estimated to surpass $29.84 billion mark by 2026 growing at an estimated CAGR of more than 4.2% during the forecast period 2021 to 2026. Most ambient light today reflects a light source surface of interior surfaces and is designed to help the driver see till certain distance. Lighting is a vital component in automotive vehicles and plays a very important role in automotive safety. According to the Association for Safe International Road Travel, road accidents cause approximately 1.25 million death annually.


Furthermore, 20-50 million people get injured and disabled every year due to accidents caused on the roads or by natural weather conditions such as rain, fog, dust, snow, and others. These statistics are reflective of the necessity for effective lighting in automotive vehicles to reduce major accidental incidences and this forms a crucial component for manual driving. Government from various countries are taking initiatives for creating awareness to drive safely and automotive lighting is one of the key components that must be considered while driving. Market is flourished with wide range of lighting such as headlights, tail lights, accessory lights, LED lights, fog lights, emergency and warning lights, off-road lights, and signal lights in contemporary vehicles. Along with safety, automotive lighting improves the aesthetic appearance of a vehicle; a key reason to popularize among youngsters.



Report Coverage

The report: “Automotive Lighting Market– Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the Automotive Lighting Market.
By Vehicle Type : Passenger Cars, Heavy Commercial Vehicles, Light Commercial Vehicles, Two wheelers.
By Technology : LED, Xenon, Halogen, OLED, Laser, HID Lamps and Others.
By Integration: Interior, Exterior.
By Geography : North America (U.S, Canada, Mexico), South America(Brazil, Argentina and others), Europe (Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, SK, Aus and Others), and RoW (Middle east and Africa).

Key Takeaways

  • Growing automobile production across the globe boosts the automotive lighting market. Rising manufacture of electric cars owing to reduced fuel expenses and harmful environmental emissions majorly influence the automotive lighting market revenue.

  • Dependence on lighting system for signaling purposes in ambulance and police vehicles aligning with effective sound system result in increasing demand for lighting technique in vehicles.

  • Government program maintains road safety by taking initiatives such as creating awareness about vehicle protection and illuminating roads with appropriate use of automotive lighting majorly drives the global car lighting market.

  • The trend related to application of LED lighting for creating a magnificent outlook both on exterior and interior space of the vehicle seeks more human attention and reduce road accidents rate, thereby boosting the automotive lighting market.


Automotive Lighting Market Segment Analysis - By Technology

LED Lighting has dominated the Automotive Lighting Market as compared to the other technologies. Halogen was earlier a conventional choice for the lighting in cars. Xenon and LED are the other prominent technologies. Amongst, three technologies, LED is expected to witness the highest growth during the forecast period. This can be caused by distinct shift towards energy efficient technology in light controls. LED headlights lighting possess high capabilities and flexibility for use in various automotive lighting applications. Presently, automotive LED lights are mounted mostly in high-end automobiles due to their relatively higher cost. The ongoing study to lower their cost, would create significant demand of these lights. Hence, market forecast for automotive lighting looks promising in the given forecast period. 

Automotive Lighting Market Segment Analysis - By Application

Passenger cars are the fastest-growing vehicles on the automotive lighting segment by vehicle type. Demand for passenger vehicles is increasing at a significant pace due to rising disposable income and the developing lifestyle of the urban population. People's minds have changed from vehicles-as - a-luxury to automobiles-as - a-needs, and this is the most important aspect of the growth in passenger cars that the CAGR was rising to 5.20% by 2026. Moreover, growing business prospects in the car rental industry are pushing passenger car takeovers. Passenger vehicles are the most popular mode of transport in developed countries, and are also increasing in numbers in developing countries due to higher per capita income.


Automotive Lighting Market Segment Analysis - By Geography

North America leads the way per region in the global demand for automotive lighting. The involvement of key players who control the field accustomed to the premium car and passenger car industries will drive the market growth in this region.

The ballooning automobile industry, which has accrued with the latest electric vehicle segment, also accounts for the expandable growth in the global automotive lighting market. Asia-Pacific is the fastest rising region due to the existence of developing economics such as India, China and few others South-East Asia countries. The technological advancement and focusing on governmental regulations has led the market in the coming years. Asia-Pacific holds a maximum share in adoption due to its strong foothold in vehicle productions. The other major factors expected to drive the market for automotive lighting in Asia-Pacific are increasing sales of new automobiles, concentrating on research and development into automotive lighting. Economic growth in the area directly influences the selling of passenger cars and commercial vehicles. Manufacturers are looking to improve their flexibility across the value chain.

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Location: United States

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