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Automotive Exterior Smart Lighting Market

Automotive Exterior Smart Lighting Market Size and Segmentation By Vehicle Type ( Passenger Car, Light Commercial Vehicle (LCV), Bus, Truck), By Technology (Halogen, LED, Xenon), By Application (Exterior Lighting, Interior Lighting), and By Regions | Global Market Forecast 2022-2028

Report Id: SNS/C&M/1689 | June 2022 | Region: Global | 125 Pages

Global Automotive Exterior Smart Lighting Market Size was valued at USD 28.56 billion in 2021, and expected to reach USD 42.38 billion by 2028, and grow at a CAGR of 5.8 % over the forecast period 2022-2028. A motor vehicle's lighting system comprises of lighting and signalling systems installed on the front, back, sides, and, in some cases, the top of the vehicle that illuminate the roadway for the driver.

 

The technology also improves visibility, especially in low-light situations. It alerts other drivers and pedestrians to a vehicle's presence and travel direction. In the rear and front lighting functions of automobiles, the need for automotive exterior smart lighting systems has been steadily increasing. Modern vehicles rely heavily on automobile exterior smart lighting technology for sophisticated headlamps and tail lights, fog lights, DRLs (daytime running lights), turn indications, signal lamps, parking lights, CHMSLs (centre high mount stop lights), and number plate lights. Headlamps, on the other hand, will continue to be a substantial revenue contributor in the car exterior smart lighting industry for the foreseeable future.

 

Market Dynamics:

Drivers:

  • Rule on lighting for better visibility and safety

  • Lowering the cost of leds

  • Improving public awareness about automobile safety

 

Restraints:

  • LED lights are expensive.

 

Opportunity:

  • Demand for automobile exterior smart lighting systems is on the rise.

  • New technologies are developing. 

 

Challenge:

  • In the commercial vehicle category, sophisticated lighting has a lower penetration rate.

 

Impact of Covid-19:

COVID On a worldwide scale, the 19 outbreak has impacted the automotive supply chain. The outbreak has impacted not only global production facilities, but also global automobile sales. The suspension of manufacturing facilities and new vehicle sales has had an influence on the manufacture of automotive lighting components, which has had an impact on the global market. In 2020, demand for both conventional and electric vehicles is expected to decline, further affecting the worldwide market. Furthermore, the budget for R&D is going to be drastically reduced, which is expected to stymie the development of novel automotive lighting solutions. Lighting consumption is generally related to vehicle output.

 

Key Players:

Hyundai Mobis, Lumax Industries, Stanley Electric Co. Ltd, Valeo Group, Koito Manufacturing Co. Ltd, OsRam Licht AG, Magneti Marelli SpA, Lumax Industries, HELLA KGaA Hueck & Co. and Mitsuba Corporation , and other players.

 

By Vehicle Type:

In the worldwide automotive exterior smart lighting market, there are two categories of vehicles: passenger cars and commercial vehicles. Because of expanding disposable income, rising four-wheeler sales, and growing preference for automotive vehicles, passenger cars accounted for a considerable portion of the global market. Rising fuel prices, on the other hand, are expected to moderately limit the industry.

 

By Technolody:

The worldwide vehicle exterior smart lighting market has been split into halogen, xenon, LED, and others based on technology. Because of its widespread use, the halogen technology category commanded a considerable market share. The LED technology segment, on the other hand, is expected to increase dramatically in the next years.

 

Market Segmentation:

By Vehicle Type

  • Passenger Car

  • Light Commercial Vehicle (LCV)

  • Bus

  • Truck

 

By Technology

  1. Halogen
  2. LED
  3. Xenon

 

By Application

  • Exterior Lighting

    • Headlights

    • Fog Lights

    • Day Time Running Lights (DRL)

    • Taillights

    • Sidelights

    • Centre High-Mount Stop Light (CHMSL)

  • Interior Lighting

    • Dashboard

    • Glovebox

    • Reading Lights

    • Dome Lights

 

Regional Analysis:

North America, Europe, Asia-Pacific, and the Rest of the World are the regions in which the car exterior smart lighting market is divided. The greatest market for automobile exterior smart lighting is predicted to be Asia-Pacific. It is one of the world's biggest vehicle producers and markets. China, India, and Japan are the region's biggest economies, all of which are expected to grow rapidly.

 

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Automotive Exterior Smart Lighting Market Report Scope
Report Attributes Details
Market Size in 2021 US$ 28.56 Billion
Market Size by 2028 US$ 42.38 Billion
CAGR CAGR of 5.8% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Vehicle Type (Passenger Car, Light Commercial Vehicle (LCV), Bus, Truck)
• By Technology (Halogen, LED, Xenon)
• By Application (Exterior Lighting, Interior Lighting)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Hyundai Mobis (South Korea), Lumax Industries (India), Stanley Electric Co. Ltd (Japan), Valeo Group (France), Koito Manufacturing Co. Ltd (Japan),OsRam Licht AG (Germany), Magneti Marelli SpA (Italy), Lumax Industries (India), HELLA KGaA Hueck & Co. (Germany) and Mitsuba Corporation (Japan) 
DRIVERS • Rule on lighting for better visibility and safety
• Lowering the cost of LEDs
• Improving public awareness about automobile safety
Restraints • LED lights are expensive.


Frequently Asked Questions (FAQ) :


Table of Content

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8.Automotive Exterior Smart Lighting Market, By Vehicle Type

8.1 Passenger Car

8.2 Light Commercial Vehicle (LCV)

8.3 Bus

8.4 Truck

 

9.Automotive Exterior Smart Lighting Market, By Technology

9.1 Halogen

9.2 LED

9.3 Xenon

 

10.Automotive Exterior Smart Lighting Market, By Application

10.1 Exterior Lighting

10.1.1 Headlights

10.1..2 Fog Lights

10.1.3 Day Time Running Lights (DRL)

10.1.4 Taillights

10.1.5 Sidelights

10.1.6 Centre High-Mount Stop Light (CHMSL)

10.2 Interior Lighting

10.2.1 Dashboard

10.2.2 Glovebox

10.2.3 Reading Lights

10.2.4 Dome Lights

 

11.Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

 

12.Company Profile

12.1 Hyundai Mobis

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 Lumax Industries

12.3 Stanley Electric Co. Ltd

12.4 Valeo Group

12.5 Koito Manufacturing Co. Ltd

12.6 OsRam Licht AG

12.7 Magneti Marelli SpA

12.8 Lumax Industries

12.9 HELLA KGaA Hueck & Co.

12.10 Mitsuba Corporation  

 

13.Competitive Landscape

13.1 Competitive Benchmark

13.2 Market Share analysis

13.3 Recent Developments

 

14. Conclusion

 

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Secondary Research

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