Visão geral do mercado

The global next-generation automotive lighting market is projected to reach $38.85 billion by 2031, with a CAGR of 13.83% during the forecast period of 2022-2031. The market growth is driven by technological advancements in automotive lighting systems and the increasing sales of luxury vehicles worldwide.

Road safety has become a significant concern, with the World Health Organization reporting 1.3 million annual fatalities due to road accidents. This has led to the implementation of stringent regulations that mandate the use of next-generation automotive lighting in vehicles. As the automotive industry continues to develop advanced technologies, the need for safer driving experiences becomes more prominent. Additionally, environmental concerns, safety requirements, and increased public scrutiny have contributed to the transformation of the automotive industry.

The growth of the global next-generation automotive lighting market is also driven by factors such as increased production and sales of passenger cars, the rise of autonomous vehicles, and advancements in technology. The growing awareness of advanced lighting systems and autonomous cars, along with increasing safety concerns, is expected to further drive the adoption of next-generation automotive lighting.

However, the market faces challenges such as higher costs associated with next-generation automotive lighting and an increase in raw material costs since the LED revolution. These factors may impede the market’s growth to some extent.

The outbreak of COVID-19 has significantly disrupted the global supply chain, affecting manufacturing facilities and vehicle sales. The suspension of manufacturing equipment has impacted the production of lighting parts for automobiles. Furthermore, the research and development budget allocation has been affected, limiting the development of innovative solutions for the next-generation automotive lighting market. The decline in vehicle production and sales due to COVID-19 has also adversely affected the demand for next-generation automotive lighting solutions.

While the global next-generation automotive lighting market shows promising growth prospects, challenges such as cost concerns and the impact of COVID-19 need to be addressed. However, as safety regulations become more stringent and advancements in technology continue, the demand for next-generation automotive lighting is expected to increase.

Segmentação de mercado

The market is segmented based on various factors, including vehicle type, end market, product type, technology type, and region.

Segmentation by Vehicle Type
Passenger Vehicles
Commercial Vehicles

Segmentation by End Market
OEM
Aftermarket

Segmentation by Product Type
Adaptive Lighting
Ambient Lighting
Communicable Lighting
Flexible Lighting

Segmentation by Technology Type
Halogen
Xenon
LED
Laser

Segmentation by Region
North America
Europe
U.K.
China
Asia-Pacific and Japan
Rest-of-the-World (RoW)

Throughout the forecast period 2022-2031, the passenger vehicles segment is expected to dominate the global next-generation automotive lighting market based on vehicle type. This is due to the higher quantity of automotive lighting used in passenger vehicles compared to commercial vehicles and electric vehicles, driven by their purpose and aesthetics. Passenger vehicles are often equipped with advanced ambient lighting and flexible lighting to enhance their appeal to customers. On the other hand, commercial vehicles primarily use functional lighting for operational purposes. Passenger vehicles are defined as vehicles with at least two axles and two wheels, typically used for public transportation of passengers. They are the most widely used form of transportation in developed countries.

In terms of the end market, the OEM segment is expected to dominate the next-generation automotive lighting market throughout the forecast period. LED manufacturers and automotive lighting manufacturers usually supply their products directly to automotive OEMs during the vehicle assembly process. For example, Magneti Marelli S.p.A. supplies laser headlights to Daimler AG for their newly manufactured vehicles. Some companies, such as Hella and Hyundai Mobis Co. Ltd., focus on providing aftermarket services in the next-generation automotive lighting market. OEMs act as rebranding entities for original manufacturers and supply their products to automobile manufacturers like BMW AG, Volkswagen Group, Toyota, and Nissan. OEMs offer benefits such as operational simplicity, robustness, and cost-effectiveness compared to other channels. They also provide product warranty and support services, ensuring customer satisfaction. Collaborating with an OEM allows lighting manufacturers or resellers to save costs by utilizing OEM components and selling them under their own brand name.

In terms of product type, the ambient lighting segment is expected to dominate the market. This is attributed to increased awareness of energy-efficient lighting systems and the growing market share of luxury vehicles equipped with navigation and infotainment systems. The demand for smart and intelligent ambient lighting is on the rise due to these factors. Automotive interior lighting plays a significant role in enhancing vehicle aesthetics, space perception, safety, and driver comfort. For example, interior lighting reduces driver discomfort during night driving and provides illumination for passenger activities. Ambient lighting has been present in the automotive industry for a long time and offers both functionality and aesthetics at a relatively lower cost compared to other next-generation technologies.

LED technology is one of the fastest-growing segments in the next-generation automotive lighting market and is expected to dominate the market. LED lights are considered the most efficient and eco-friendly lighting option. They have various applications in different areas of a vehicle, including front, rear, and interior lighting. The automotive lighting industry has witnessed a transition from traditional incandescent and gas discharge-based light sources to LEDs, laser technology, and organic light-emitting diodes (OLEDs). The price of LEDs has significantly decreased over the past decade, and this trend is expected to continue.

China is expected to dominate the next-generation automotive lighting market due to the presence of significant market players and manufacturers. The demand for Chinese automotive lighting components is increasing in regions like Europe, Asia-Pacific, Japão, and Rest-of-the-World, which contributes to market growth. China’s growth potential is supported by the presence of major automotive players such as BMW, Tesla Inc., and Daimler. China is also a key supplier of electronic parts to the lighting industry. The rapid growth of LED headlamps with features like adaptive driving beams (ABDs) and adaptive front-lighting systems (AFS) is driving the Chinese market. Additionally, the Chinese government’s encouragement of electric vehicle purchases has increased the demand for next-generation automotive lighting.

North America generated the highest revenue in 2021, reaching $3.29 billion, primarily driven by the sales of luxury vehicles and the high cost of automotive lighting solutions in the region. Significant market players and manufacturers in North America contribute to its dominance in the next-generation automotive lighting market. The market is expected to experience growth in this region during the forecast period. Factors such as technological advancements in lighting, increasing automotive production, and stringent government regulations drive the growth of the next-generation automotive lighting market. The adoption of next-generation automotive lighting improves performance, safety, and provides a premium design for vehicles. The need to address the issue of road accidents during nighttime drives further encourages automakers to adopt energy-efficient LED lighting solutions, creating growth opportunities in the market.

Cenário competitivo

The selection of the profiled companies was based on inputs gathered from primary experts, along with an analysis of company coverage, product portfolio, and market penetration.

The competitive landscape of the global next-generation automotive lighting market encompasses a range of strategies employed by manufacturers of automotive lighting systems to establish their presence in the market. These strategies include the launch and development of new products, forming partnerships, collaborations, joint ventures, and engaging in mergers and acquisitions. Among these strategies, new product launches have emerged as the dominant approach and are widely adopted by manufacturers in the automotive lighting industry.

Prominent automotive lighting manufacturers are implementing various strategic initiatives in order to increase their market share.

Key companies profiled in this report include Marelli Holdings Co., Ltd., 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 Inc., J.W. Speaker Corporation, Faurecia , LG Innotek Co., Ltd., Stanley Electric Co., Ltda.

Recent Industry Developments

In June 2022, Magna International Inc. introduced an innovative lighting solution called Liftgate, which is integrated into the thermoplastic liftgate. This breakthrough product combines Magna’s expertise in exterior design and lighting, offering customers new opportunities to personalize and enhance their vehicles.

In July 2021, Flex-N-Gate Corporation made a $5.5 million investment to expand its business and created 91 additional jobs in Blount County, Tennessee. The company focused on increasing the production of lighting products while simultaneously renovating and expanding its manufacturing facility in Rockford.

In January 2022, J.W. Speaker Corporation formed a partnership with UK Automotive Products (UKAP), a leading supplier of automotive LED lighting for commercial vehicles. Through this collaboration, UKAP customers gained access to J.W. Speaker’s extensive portfolio of LED lighting solutions, including signal, combination, work, warning, and forward lighting. These products are utilized by autobody shops, vehicle modification shops, and factories involved in the production of trucks, cars, and motorcycles.

In June 2021, Hyundai Mobis Co., Ltda. developed a cutting-edge technology known as lighting grille. This innovation integrates an LED lighting function into the front grille of a car, providing both illumination and aesthetic appeal.

Key Questions Answered

What are the primary drivers, challenges, and opportunities in the next-generation automotive lighting market?

How does the supply chain operate in the next-generation automotive lighting market?

What potential impact has COVID-19 had on the market?

Who are the key suppliers of different lighting technologies, and what specific products do they offer?

Which product segments and application areas are expected to experience the highest demand growth in the next-generation automotive lighting market from 2021 to 2031?

Who are the major players currently dominating the next-generation automotive lighting market, and what business and corporate strategies do manufacturers in this market employ?

Which regions and countries lead in terms of consumption in the next-generation automotive lighting market, and which of them are projected to have significant demand growth from 2021 to 2031?