Automotive lighting market size is set to exceed usd 40 billion by 2024, says latest research study by global market insights, inc. Top 5 vendors in the global automotive lighting market. This study conducted by center for automotive researchthe car estimates the likely parameters of the u. By 1979, the majority of new cars in the us market were equipped.
The global automotive lighting market size was usd 53. That means conventional bonding processes are reaching their limits. Lighting, leds and smart lighting market overview subject. In the transportation industry, lightweight design is crucial to high usability and low costs, and to aesthetics that meet consumer expectations. The global automotive lighting market size was valued at usd 19. Fundamentals of automotive lighting abstract techonline. Global automotive lighting market size was usd27 billion in 2015, up 3. Within the lighting domain, marelli automotive lighting has an advanceddeep knowhow in all the key technologies that enabled the lighting. Its hard to believe but at one time automotive lighting was a strictly utilitarian function, with small, mostly round lights that barely allowed you to see and be seen in the darkness. The automotive lighting industry is in the hands of five players.
The lighting market for automotive applications should reach a 23. This lights the roadway for the driver and increases the visibility of the vehicle, allowing other drivers and pedestrians to see a vehicles presence, position, size, direction of travel, and the drivers intentions. Global automotive market will witness a steady growth with growing demand of automotive vehicle in the upcoming years. Global and china automotive lighting industry report, 2016. Pdf automotive led lighting market key players, their financials. Trends and technology in advanced automotive lighting. Today, our lighting is used in various forms of applications worldwide in a wide range of fields. Horticulture lighting market size industry trends, 2030. The first section discusses a general outlook for the u. Leds use 75 percent less energy and last 25 times longer than incandescent lighting. Automotive lighting supplier osram showed a range of new lighting technologies at ces 2017, demonstrating the general industry trends in exterior lighting innovation. Automotive led lighting market size, trends, industry. Automotive lighting market size, share, growth trends.
The automotive lighting market is rising at a compound annual growth rate cagr of 5. Among 20 competing companies, the big five received 80% of the total automotive lighting revenue in 2016. Halogen dominated the industry in 2014 and is expected to grow at a cagr of over 5% from 2015 to 2022. East asia and south asia are likely to hold a collective revenue share of 50% in the global market for automotive lighting, through the end of 2029. Global and china automotive lighting market 20162020. Global automotive lighting market value will grow at a cagr of over 5% to 2024 impelled by. Automotive intelligent lighting market report, size. Automotive lighting market size valued at around usd 30 billion in 2017 and will grow at a cagr of over 5% from 2018 to 2024 get more details on this report request free sample pdf growing automobile production to address the increasing consumer demand is driving the automotive lighting market share. Automotive lighting market size, share, growth, and trends. Department of energys does solidstate lighting ssl program that provides summary estimates of the installed stock. With rapid technological advancements in the automotive industry, the european region is expected to play a. In addition, growing consumer awareness concerning the significance of adaptive lighting including dynamic bend light and a glarefree high beam is also expected to have a positive impact on the exterior.
In this dynamic context, yoles analysts propose today a new technology and market report dedicated to the automotive lighting industry and. Led to be fastest growing technology in horticulture lighting market during 20202030. Module and light engine definition led module led light engine a number of packaged leds mounted onto a printed circuit board pcb that has no driver electronics. Give your customers the latest in automotive lighting innovation. Global automotive lighting industry companies statista.
They are available in a range of light colors, and have a much smaller form factor than traditional light sources. The global automotive lighting market was valued at usd 23. The automotive lighting market is anticipated to reach usd 34. Global automotive lighting market share, sales, revenue, industry size in terms of volume with regional outlook is analyzed in this automotive lighting market industry report. In contrast, todays car lights are at the convergence of hightech illumination and cutting edge automotive design.
The automotive lighting market is directly influenced by the automotive industry production of vehicles. Currently, the automotive industry contributes more than 7% to the total gdp and provides employment to about 32 million people, directly and indirectly. In this fundamentals course, youll get a comprehensive. Due to an increase in the demand for vehicle, it is estimated that the automotive lighting market would grow in the years to come. The automotive industry is a pillar of indian economy and a key driver of macroeconomic growth and technological advancement.
India automotive lighting market is projected to grow at a cagr of over 12% by 2023, on the back of improvement in vehicle safety standards, advanced features in vehicle lighting systems, and government regulations towards vehicle lighting systems. The market is on a clear transition path from traditional lighting technologies. Focus on adaptive headlight and intelligent ambient lighting halogen, xenon, and led for twowheelers, passenger cars and commercial vehicles analysis and forecast, 2018 2023. Automotive lighting is utilized for lighting drive in automobile vehicles. Pdf automotive lighting market report published by value market research is an indepth analysis of the market covering its size, share. The findings in mckinseys 2011 lighting the way report the first to provide a holistic view of the fragmented and complex global lighting industry still hold true in general today. In 2016, koitos revenue amounted to approximately 7. Jabil is working with customers across the automotive supply chain to enable the new ways that car manufacturers are using exterior lighting. Automotive lighting system department of higher education. The global automotive lighting market may be divided by type of lighting application, type of lighting technology, type of vehicle, type of product sale and the area. Philips automotive offers an exceptional lighting program for wds that provides a onestop source for both commercial and retail packaged lighting products as well as point of sale tools to help service locations and retailers capture more sales for lighting products. Growth is driven by natural led cost erosion, increas. India automotive lighting market size, share and analysis.
Japans koito and stanley, italys magneti marelli, frances valeo, and germanys hella. Marelli automotive lighting designs, develops and integrates a wide and complete range of top notch solutions for external automotive lighting systems, as well as innovative sensors to support future adasad features including lidarsensor technology. Today an automotive lighting system can include everything from microcontrollers and serial communication devices to stepper motors, cameras and lasers a far cry from a simple light bulb, battery and switch, which held sway for over fifty years. With currently 30 locations on 4 different continents marelli automotive lighting stands for worldwide individual and progressive solutions in the area of exterior automotive lighting we combine extraordinary design and innovative technology with. Lighting market characterization lmc is the third report released1 by the u. Magneti marelli supplies automotive parts and automotive lighting systems. Automotive lighting market growth, statistics, industry. This graph illustrates the leading global automotive lighting industry companies in 2016, by worldwide revenue. These pages put readers inside the minds of the leaders shaping the future of the sector, including public sector decisionmakers and clevel executives from oems and top tier 1, 2 and 3 suppliers. Osrams laser headlights have already been used in serial production in the bmw i8 and 7 series, and the audi r8 and r8 lmx as boosters added to the high beam. Development of an overall solution for roof mounted led light bars. Automotive lighting is a fastmoving field in the industry not known for rapid change.
Automotive lighting market trends growth report 2024. The lighting system of a motor vehicle consists of lighting and signalling devices mounted or integrated to the front, rear, sides, and in some cases the top of a motor vehicle. Automotive lighting market linking illumination with safety. More than 100 years ago, our parent companies started producing electrical light for cars. Automotive lighting market size, 2018 industry report. By connecting advanced lighting controls to industrial automation systems, led lighting can save time and costs, and also provide business intelligence data, reduce waste and redundancies, and enhance plant operations.
Automotive lighting is vital to passenger safety, comfort and vehicle styling. The module can have any level of integration including optics, thermal management, housing enclosures, etc. It focuses on designing and manufacturing of lighting systems and components in the automotive industry. Lighting is a vital component in automotive vehicles, playing an important role in automotive safety. Automotive lighting headlights, tail lights, leds, bulbs. Get more details on this report request free sample pdf. Since the invention of the automobile, lighting has been an important subsystem on all ground vehicles.
Any fluctuation in the production of vehicle affects the dynamics of the automotive lighting market. The vehicle consists of different lights to increase the visibility in darkness and bad weather conditions along with the. On the basis of technology, the automotive lighting market is segregated into halogen, xenon, and led. The figures for automotive lighting represent ing around 20. Lighting market characterization 2 executive summary the 2015 u. Strict government policies and rising safety concerns are likely to propel growth over the forecast period. These include transportation, such as automobiles, aviation, railways and shipping, and traffic systems. Automotive lighting market share, trend global industry.
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