Global Advanced Vehicle Lighting
Market Report
2024
Delivery Includes:- Market Timeline 2019 till 2031, Market Size, Revenue/Volume Share, Forecast and CAGR, Competitor Analysis, Regional Analysis, Country Analysis, Segment Analysis, Market Trends, Drivers, Opportunities, Restraints, ESG Analysis, Porters Analysis, PESTEL Analysis, Market Attractiveness, Patent Analysis, Technological Trend, SWOT Analysis, COVID-19 Analysis, Consumer Behavior Analysis, etc.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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"Global Advanced Vehicle Lighting market size 2023 was XX Million. Advanced Vehicle Lighting Industry compound annual growth rate (CAGR) will be XX% from 2024 till 2031."
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Market Size | 121212 |
Country Market Size | 121212 |
North Americ Market Size | 121212 |
Europe Market Size | 121212 |
Asia Pacific Market Size | 121212 |
South America Market Size | 121212 |
Middle East and Africa Market Size | 121212 |
Market Split by Vehicle Propulsion Type |
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Market Split by Application |
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Market Split by Light Type |
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Market Split by Vehicle Type |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Advanced Vehicle Lighting Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The rising use of different vehicles, including autonomous vehicles, commercial vehicles, and others, along with the electrification of the automotive sector globally, are key factors propelling the growth of the automotive adaptive headlights market. The demand for this item, especially adaptive front lighting systems, is being impacted by this. Additionally, LED headlights increase safety by reducing the total frequency of vehicle collisions. Furthermore, the government's increasing efforts to promote the use of adaptable headlights through rules and regulations and the widespread usage of driver-aid systems drive the automotive adaptive headlights market ahead. Additionally, technological developments in car adaptive lighting are anticipated to boost demand during the projected period. Increasing EV sales will also further promote the market growth.
For instance, Hyundai Motors has set a goal of selling 1.9 million EVs by 2030 to grow its market share to 7%. As a result, a sizable portion of automobiles will be EV-based. Due to higher efficiency and temperature management than halogen and Xenon/HID headlamps, advanced lighting technologies like LEDs and adaptive and ambient lights will be implemented in cars more quickly.
Premium car sales have risen globally due to rising disposable income, improving lifestyles, and shifting consumer preferences. Many driver aids, including Blind Spot Detection (BSD), Adaptive Cruise Control (ACC), Lane Departure Warning (LDW), and Forward Collision Warning System (FCWS), are optional and not required by law. However, several premium automakers provide these features to keep their market share, which has sparked healthy rivalry among automakers. Automobile segments, including E, F, SUV-D, and SUV-E, now have many high-end amenities. Manufacturers of premium vehicles are reorienting their products and R&D efforts toward electrification. By the end of the next decade, major OEMs like Ford, Stellantis, and Volkswagen plan to electrify their product lines completely. As a result, major premium automakers will introduce numerous EV models. This means that new lighting technologies like LEDs, adaptive lights, and ambient lights have higher efficiency and temperature control than halogen and xenon HID technologies, so that they will be implemented into cars more quickly. As a result, the market for automotive headlights is anticipated to grow due to the rising trend of electrification and sales, particularly in nations like China, where one-third of all luxury vehicles made globally are sold.
Due to their high cost and need for additional cooling equipment, LED lamps produce a lot of heat, which is predicted to impede their growth over the forecast period. High voltage sensitivity is another factor that will limit LED growth in the upcoming years. A voltage above the threshold and a current below the given specifications are needed for LED lighting. It is projected that the specialized power supply required by LEDs would degrade their quality and limit their market share growth.
The worldwide automotive supply chain experienced significant growth fluctuations due to the COVID-19 pandemic. Global vehicle sales and multinational production facilities were also affected by the pandemic. The production of vehicle lighting components was hampered by the closure of manufacturing plants and the suspension of new car sales. 2020 saw a decline in conventional and electric car demand, affecting the market. Additionally, the money for research and development was drastically cut, hampering the development of fresh approaches to vehicle illumination. Vehicle production mostly affects lighting demand. With the COVID-19 outbreak, vehicle manufacturing and sales significantly decreased, with a 14% decline expected in 2020.
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The market for advanced vehicle lighting is characterized by vigorous and diverse competition. It covers a range of organizations, from huge multinational corporations to smaller specialized businesses, that sell advanced vehicle lighting. Due to globalization and technological advancement, businesses compete fiercely to provide cutting-edge products and services.
April 2023: NightViu, a new automobile lighting system from Continental AG, is now available for off-road and construction vehicles. Under the NightViu product line, the business unveiled 16 new goods. The items are designed specifically for off-road, mining, and construction equipment use.
August 2022: German automotive lighting and electronics component supplier Hella KGaA Hueck & Co has established a new vehicle lighting facility in China. The facility will concentrate on creating cutting-edge front vehicle lighting solutions.
(Source:www.hella.com/hella-com/en/press/20436.html)
Top Companies Market Share in Advanced Vehicle Lighting Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
Due to the region's expanding auto manufacturing, Asia Pacific had the top market share for automotive lighting in 2022. The industry is expanding due to the rising demand for automobiles, including passenger and commercial vehicles. Automotive lighting systems are increasingly in demand as vehicle production rises. Technological development, greater vehicle manufacturing, shifting consumer preferences, and stricter safety rules drive the market's growth.
Governmental standards and regulations drive US automotive market. These requirements have compelled OEMs to create cutting-edge lighting systems for automobiles. The region has seen a considerable increase in vehicle adaptive lighting deployment due to significant advancements in safety and driver-aid systems.
High-end vehicles are available from luxury automakers and premium brands, although many automakers increasingly include ADAS and adaptive lighting in their entry-level models. The region's adaptive lighting market will eventually expand due to a constant rise in demand for tiny and mid-sized vehicles outfitted with cutting-edge safety measures. The potential for external illumination is being designed, prototyped, and tested by European automakers. For instance,
On the Polestar 2 fastback, Polestar has introduced cutting-edge lighting technology to the compact premium electric vehicle category. The automobile was created in Scandinavia and is suitable for even the darkest nights and days.
(Source:www.autoweek.com/news/green-cars/a35032191/polestar-2-launches-advanced-lighting-technology/)
The current report Scope analyzes Advanced Vehicle Lighting Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Advanced Vehicle Lighting Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Advanced Vehicle Lighting Industry growth. Advanced Vehicle Lighting market has been segmented with the help of its Vehicle Propulsion Type, Application Light Type, and others. Advanced Vehicle Lighting market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Global EV sales have grown dramatically in recent years and have made a good comeback from the COVID-19 pandemic's effects. The rise is mostly related to the EV models' development into new market sectors in most regions, ongoing purchase incentives, and strict pollution rules, which have boosted the market for electric vehicle lighting. Many automakers in America and Europe are refocusing their product and R&D efforts on electrification. Mercedes declared in 2021 that starting in 2025, all newly introduced vehicles would be BEVs. By 2025, General Motors plans to introduce 30 EV models with a BEV production capacity of 1 million units installed in North America.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Advanced Vehicle Lighting Industry. Request a Free Sample PDF!
Due to ongoing headlamp development, the headlight category is predicted to rule the market. The front lighting system's use of new technologies, such as laser illumination, is predicted to accelerate the segment's growth. The market for LED is expected to increase because of the growing need for front lighting systems that have been redefined to provide drivers with nighttime visibility. Additionally, all new cars offered nowadays, notably electric ones, have headlights integrated with LEDs.
Throughout the forecast period, the tail lighting sector is predicted to occupy the second-largest position in the market. The rear lighting system consists of turn signal lights, rear fog lights, brake lights, reversing lights, and tail lights.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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The LED sector will rule the market during the anticipated time frame. Compared to halogen, LEDs have excellent power output and low energy consumption, which is a trend that is anticipated to continue. Leading producers are concentrating on creating cutting-edge LED lights that will eventually replace halogen bulbs.
Over the projected period, the halogen category is anticipated to hold the second-largest position in the market. Over the anticipated term, growth has been consistent. Heavy vehicles utilize halogen lights the most frequently because of their distinct qualities and lower heat output than LEDs. Additionally, halogen lights improve visibility, enhancing the security and comfort of drivers.
Throughout the projected period, the budget segment is anticipated to rule. Around the world, cheap passenger cars are a popular form of transportation. Sales of affordable passenger vehicles are expected to rise, and improvements in lighting technology are predicted to accelerate market expansion. Additionally, the rise in per capita income is a significant element driving the sales of affordable passenger cars, indirectly stimulating market expansion.
Premium segment is expected to grow at the fastest rate due to increasing demand luxurious passenger cars.
Senior Research Analyst at Cognitive Market Research
An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile & Transportation vertical.
With a work experience of over 10+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as sales, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.
I am committed to staying ahead in the rapidly evolving field of research and analysis. This involves regularly attending conferences, participating in webinars, and pursuing additional certifications to enhance my skill set. I played a crucial role in conducting market research and competitive analysis. I have a proven track record of distilling complex datasets into clear, concise reports that have guided key business initiatives. Collaborating closely with multidisciplinary teams, I contributed to the development of innovative solutions grounded in thorough research and analysis.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Advanced Vehicle Lighting Market is witnessing significant growth in the near future.
In 2023, the Internal Combustion Engine (ICE) segment accounted for noticeable share of global Advanced Vehicle Lighting Market and is projected to experience significant growth in the near future.
The Head Light segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Koito (Japan) , Continental AG (Germany) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Vehicle Propulsion Type | Internal Combustion Engine (ICE), Electric Vehicle (EV), Hybrid Electric Vehicle (HEV), Other Alternative Propulsion Vehicle |
Application | Head Light, Tail Light, Indicator, Fog Light, Parking Light, Daytime Running lamp (DRL), Mirror Light, Stop Lamps, Interior Lights, Others |
Light Type | High-Intensity Discharge (HID) Lamps, LED, Xenon, Laser, Halogen |
Vehicle Type | Premium, Mid-Range, Budget |
List of Competitors | Koito (Japan), Marelli Corporation (Italy), Continental AG (Germany), Hyundai Mobis (South Korea), Koninklijke Philips (Netherlands), Varroc Engineering Limited (India), Stanley Electric Co., Ltd. (Japan), Robert Bosch GmbH (Germany), Hella KGaA Hueck & Co. (Germany), OSRAM Licht AG (Germany), Koninklijke Philips N.V., Texas Instruments, ZKW Group, General Electric Company |
This chapter will help you gain GLOBAL Market Analysis of Advanced Vehicle Lighting. Further deep in this chapter, you will be able to review Global Advanced Vehicle Lighting Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Vehicle Propulsion Type Analysis 2019 -2031, will provide market size split by Vehicle Propulsion Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Vehicle Propulsion Type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by Light Type Analysis 2019 -2031
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Chapter 13 Market Split by Vehicle Type Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Advanced Vehicle Lighting market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Internal Combustion Engine (ICE) have a significant impact on Advanced Vehicle Lighting market? |
What are the key factors affecting the Internal Combustion Engine (ICE) and Electric Vehicle (EV) of Advanced Vehicle Lighting Market? |
What is the CAGR/Growth Rate of Head Light during the forecast period? |
By type, which segment accounted for largest share of the global Advanced Vehicle Lighting Market? |
Which region is expected to dominate the global Advanced Vehicle Lighting Market within the forecast period? |
Segmentation Level Customization |
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Additional Quantitative Data |
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