Next Generation Automotive Lighting Market Anticipated to Reach $ 12,080.7 Million by 2025
Market Report Coverage - Next Generation Automotive Lighting
• Application Type – Passenger and Commercial • Product Type – Adaptive Lighting, Flexible lighting, Ambient Lighting, and Communicable Lighting • Technology Type – Xenon, Halogen, LED, Laser
• North America - U.S., Canada, and Mexico • Europe – Germany, Italy, France and Rest-of-Europe • Asia-Pacific and Japan (APJ) - South Korea, India, Japan, and Rest-of-APJ • U.K. • China • Rest-of-the-World
• Increase in Demand for Luxury Cars • Growing Popularity of Autonomous Vehicles • Stringent Safety Regulations for Lighting Systems
• Higher Cost Concerns with Next-Generation Automotive Lighting • Increase in Relative Costs of Raw Materials since LED Revolution
• Development of Advanced Adaptive Driving Beam (AADB) • Advent of New Services for Automotive Lighting
Key Companies Profiled
Magneti Marelli S.p.A., HELLA GmbH & Co. KGaA, OSRAM GmbH, Valeo Group, KOITO Manufacturing Co. Ltd., Hyundai Mobis Co. Ltd., Varroc Group, Magna International Inc., Flex-N-Gate Corporation, DRÄXLMAIER GROUP, Sigma International, J W SPEAKER CORPORATION, Faurecia S.A., LG Innotek Co., Ltd., and Stanley Electric Co., Ltd.
Key Questions Answered in this Report: • What are the key drivers and challenges in the next generation automotive lighting market? • How does the supply chain function in the next generation automotive lighting market? • What will be the potential impact of COVID-19 on the market? • Which product segment is estimated to witness the maximum demand growth in the next generation automotive lighting market during 2019-2025? • Which are the key application areas for which different lighting technologies types may experience high demand during the forecast period, 2020-2025? • Who are the key suppliers of different lighting technologies and its raw materials? • What are the business and corporate strategies adopted by manufacturers involved in the next generation automotive lighting market? • Which regions and countries are leading in terms of consumption of the next generation automotive lighting market, and which of them are expected to witness high demand growth from 2019 to 2025?
Over the last decade, automotive industry has witnessed a massive transformation owing to rising air pollution, stringent government rules and regulation and growing in demand for safety features such as adaptive driving beam, ambient lighting, laser lighting, and communicable lighting.Currently, the automotive industry is on the crest of technological advancement, which in turn, is expected to further advance the concept of vehicle safety on public roads.
The dynamic evolution of the automobile industry is attributed primarily to changing consumer preferences, growing focus on environment concerns, increased safety, and stringent government regulations.Lighting plays a critical role in the automotive industry and is growing at a rapid pace, driven by safety and design.
Rapid technological developments in the automotive lighting industry have witnessed a radical transformation from simple incandescent and gas discharge based light sources to light emitting diodes (LEDs), laser technology and organic light emitting diodes (OLEDs).
The next generation automotive lighting market research provides a detailed perspective on the different types of products, their applications, value estimation, among others. The principal purpose of this market analysis is to examine the automotive lighting market in terms of factors driving the market, restraints, trends, and opportunities, among others.
The report further considers the market dynamics, supply chain analysis, and the detailed product contribution of the key players operating in the market. The next generation automotive lighting market report is a compilation of different segments, including market breakdown by product type, application, region, and country.
The next generation automotive lighting market, based on product type, has been segmented into adaptive lighting, flexible lighting, ambient lighting, and communicable lighting. The ambient lighting segment is expected to maintain its dominance during the forecast period in the next generation automotive lighting market.
The next generation automotive lighting market, based on technology type, has been segmented into halogen, xenon, LED, and laser. The LED segment is expected to maintain its dominance during the forecast period in the next generation automotive lighting market.
The next generation automotive lighting market, by application, has been segmented into passenger and commercial. The passenger segment dominated the next generation automotive lighting market in 2020 in terms of value and is expected to maintain its dominance through the forecast period.
Based on the region, the next generation automotive lighting market has been segmented into Asia-Pacific & Japan, Europe, the U.K., China, North America, and Rest-of-the-World. Each region is segmented into countries. Data for each of these regions and countries is provided by product type and application.
The next generation automotive lighting market competitive landscape consists of different strategies undertaken by key players across the industry to gain traction and market share presence.Some strategies adopted by the service providers are new product launches, business expansions, mergers, partnerships, and collaborations.
Among all these strategies adopted, business expansion is the popular choice of the strategy implemented in the micro mobility market. Some of the most prominent ecosystem players are Magneti Marelli S.p.A., HELLA GmbH & Co. KGaA, OSRAM GmbH, Valeo Group, KOITO Manufacturing Co. Ltd., Hyundai Mobis Co. Ltd., Varroc Group, Magna International Inc., Flex-N-Gate Corporation, DRÄXLMAIER GROUP, Sigma International, J W SPEAKER CORPORATION, Faurecia S.A., LG Innotek Co., Ltd., and Stanley Electric Co., Ltd.
Some of the notable developments are: • Valeo Group partnered with Cree, Inc. in 2018 to develop a HD LED solution for automotive lightings for adaptive lighting beams. • Magneti Marelli S.p.A., in collaboration with Daimler AG, has developed a lighting technology which improves protection by supplying the driver with visual awareness in the front region of the car. The first Daimler AG car with this system was launched in mid-2018. • OSRAM GmbH launched a new generation of automotive LEDs with better heat management systems in September 2020.
Countries Covered • North America • U.S. • Canada • Mexico • U.K. • China • Europe • Germany • France • Italy • Rest-of-Europe • Asia Pacific and Japan • Japan • India • South Korea • Rest-of-Asia-Pacific and Japan • Rest-of-the-World
Our reports have been used by over 10K customers, including:
The Europe automotive windshield washer system market is expected to grow from US$ 1,756.1 million in 2019 to US$ 1,899.9 million by 2027; it is estimated to grow at a CAGR of 6.0% from 2020 to 2027. Increase in number of automotive sales is expected to drive the Europe automotive windshield washer system market.Increase in number of annual...
The APAC automotive windshield washer system market is expected to grow from US$ 3,826.3 million in 2019 to US$ 4,437.6 million by 2027; it is estimated to grow at a CAGR of 7.0% from 2020 to 2027. Refined and upgraded performance of windshield washer system in cold weather conditions across APAC is expected to positively affect the APAC...
205 pages •
By Asia Market Information & Development Company
• Sep 2020
China’s demand for Vehicle Lighting Fixtures has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, imports & exports, consumer...
The North America automotive windshield washer system market is expected to grow from US$ 1,400.9 million in 2019 to US$ 1,469.4 million by 2027; it is estimated to grow at a CAGR of 5.7% from 2020 to 2027. Combination of superior components in washer system to gain traction is expected to upswing the North America automotive windshield...
Solid State Lighting System Application Market Research Report by Technology (Light-Emitting Diode (LED), Organic Light-Emitting Diodes (OLED), and Polymer Light-Emitting Diodes (PLED)), by Vertical (Automotive, Consumer Electronics, Healthcare, and Media & Entertainment), by End User - Global Forecast to 2025 - Cumulative Impact of...
130 pages •
By Asia Market Information & Development Company
• Dec 2020
This study focuses on China’s Lamps market trends. In the two past decades, the market has been growing at a fast pace. The dramatic expansions of the manufacturing capabilities and rising consumer consumptions in China have transformed China’s society and economy. China is one of the world’s major producers for industrial...
The ambient lighting market for automotive, by value, is projected to grow at a CAGR of 9.9% from 2020 to 2025. It is projected to reach USD 4.9 billion by 2025 from an estimated USD 3.0 billion in 2020. The key factors driving the market growth include increasing penetration of ambient lighting in low to mid-segment vehicles, inclination...
188 pages •
By Global Industry Analysts
• Sep 2020
Global Infrared Light-emitting Diodes Market to Reach $782.6 Million by 2027 Amid the COVID-19 crisis, the global market for Infrared Light-emitting Diodes estimated at US$361.5 Million in the year 2020, is projected to reach a revised size of US$782.6 Million by 2027, growing at a CAGR of 11.7% over the analysis period 2020-2027....
Automotive Adaptive Front Lighting Market Research Report by Lighting Technology (LED, Laser, OLED, and Xenon), by Vehicle Type (Commercial Vehicle and Passenger Vehicle) - Global Forecast to 2025 - Cumulative Impact of COVID-19 Market Statistics: The report provides market sizing and forecast across five major currencies...
Automotive Ambient Lighting Market Research Report by Electric & Hybrid Vehicle Type (BEV, HEV, and PHEV), by Application (Center Console, Dashboard, Door, and Footwell) - Global Forecast to 2025 - Cumulative Impact of COVID-19 Market Statistics: The report provides market sizing and forecast across five major currencies...
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.