The global automotive lighting market was valued at US$ 21.9 Billion in 2022, and is projected to reach US$ 31.45 Billion by 2030, growing at a CAGR of 5.1% from 2023 to 2030. The global automotive lighting market is a growing industry, driven by factors such as increasing vehicle production, growing demand for energy-efficient lighting systems, and advancements in LED lighting technology.

There is a growing trend towards energy efficiency in the automotive industry, with vehicle manufacturers looking for ways to reduce fuel consumption and carbon emissions. LED lighting systems are more energy-efficient compared to traditional lighting systems, which is driving the demand for LED automotive lighting systems. LED lighting technology is advancing rapidly, with new and improved lighting systems being developed every year. These advancements are resulting in more efficient, brighter, and longer-lasting lighting systems, which is driving the demand for LED automotive lighting systems.

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LED lighting systems are complex to manufacture, requiring specialized machinery and skilled labor. This complexity can lead to higher production costs and longer lead times, which can be a challenge for manufacturers. The automotive industry is subject to stringent safety and environmental regulations, which can be a challenge for manufacturers. Compliance with these regulations can increase costs and slow down the development of new lighting technologies.

Market Dynamics

The COVID-19 pandemic has highlighted the vulnerability of global supply chains, with disruptions affecting the production and supply of automotive lighting components. Any future disruptions could have a significant impact on the market growth.

Emerging markets such as Asia-Pacific, Latin America, and Africa offer significant opportunities for growth in the automotive lighting market. These regions have growing automotive industries and rising disposable incomes, which is driving the demand for advanced lighting systems. Smart lighting systems that can adjust to changing driving conditions and driver preferences offer significant opportunities for growth in the automotive lighting market. Manufacturers can develop smart lighting systems that integrate with other vehicle systems and offer enhanced safety and convenience features.

The automotive lighting industry is characterized by rapid technological advancements, which can make it challenging for manufacturers to keep up with new trends and developments. Manufacturers need to invest heavily in R&D and innovation to remain competitive in the market. Cost pressures can be a significant challenge for manufacturers, particularly in price-sensitive markets. Manufacturers need to balance the cost of producing high-quality lighting systems with the need to remain competitive on price.

The LED segment is expected to be the fastest-growing light type segment in the automotive lighting market due to its increasing adoption in vehicles. LED lighting offers several advantages, including better energy efficiency, longer lifespan, and better performance, which are driving demand for this type of lighting. However, halogen lighting is still expected to dominate the market in terms of volume due to its lower cost and widespread adoption in entry-level vehicles.

The commercial vehicles segment includes light commercial vehicles, heavy commercial vehicles, and buses. This segment is expected to grow due to the increasing demand for commercial vehicles in emerging markets and the rising adoption of LED lighting in commercial vehicles for better energy efficiency and durability. The two-wheelers segment includes motorcycles, scooters, and mopeds. This segment is expected to grow due to the increasing demand for two-wheelers in emerging markets, where they are a popular mode of transportation.

The passenger car segment is expected to continue to dominate the automotive lighting market due to the high demand for passenger cars globally. However, the commercial vehicles and two-wheelers segments are also expected to grow due to the increasing adoption of advanced lighting technologies and the rising demand for energy-efficient and durable lighting systems.

Regional Analysis

Europe is another major market for automotive lighting due to the presence of several prominent automotive manufacturers and suppliers in the region. The demand for energy-efficient and eco-friendly lighting systems is driving the adoption of LED lighting in the region. The Asia-Pacific region is the largest market for automotive lighting due to the high demand for passenger and commercial vehicles in countries like China, India, and Japan. The increasing adoption of advanced lighting technologies and rising focus on vehicle safety are driving the growth of the market in this region.

Latin America is a growing market for automotive lighting due to the increasing demand for passenger and commercial vehicles in the region. The adoption of energy-efficient lighting technologies and increasing focus on vehicle safety regulations are driving the growth of the market in this region.

There are several emerging players and start-ups in the market that are developing innovative lighting solutions for the automotive industry. These players are leveraging technologies such as LED, laser, and OLED to offer energy-efficient and advanced lighting systems for vehicles.

The competition in the global automotive lighting market is intense, with players competing on several fronts to gain market share. Manufacturers will need to invest in research and development activities, focus on product innovation and differentiation, and build strong distribution networks to stay competitive in the market.

Competitive Analysis

In 2021, Marelli Automotive Lighting announced a joint venture with Pforzheim University to develop advanced lighting technologies for the automotive industry. In 2020, Magneti Marelli S.p.A was acquired by CK Holdings Co., Ltd. (a holding company of Calsonic Kansei Corporation), and was renamed Marelli. In 2019, Hella GmbH & Co. KGaA acquired the front camera software business from the French company, Transics International. In 2018, Valeo S.A. acquired Ichikoh Industries, Ltd., a Japanese manufacturer of automotive lighting systems.

In 2017, Hyundai Mobis Co., Ltd. announced a joint venture with Chinese LED manufacturer, Tianjin Linsen Optoelectronics Technology Co., Ltd., to develop advanced lighting technologies for the automotive industry. In 2016, Osram GmbH acquired Novità Technologies, a leading provider of automotive LED lighting solutions. In 2015, Koito Manufacturing Co., Ltd. announced a joint venture with Chinese automotive parts manufacturer, Dongfeng Motor Corporation, to develop and manufacture automotive lighting systems in China.

Segmentation Analysis of The Global Automotive Lighting Market 2016-2030

The report forecasts revenue growth at global, regional, and country matrics and analyzes the latest industry trends in each of the sub-segments ranging from 2016-2030. For this, CDI has segmented the global automotive lighting market report based on capacity, vehicle, application, and propulsion type along with regional analysis. 

Motor Type Outlook (Revenue, USD Million, 2018 - 2030)

• Brushed Motors
• Brushless Motors
• Stepper Motors

EV Motor Type Outlook (Revenue, USD Million, 2018 - 2030)

• Brushed Motors 
• Burshless Motors
• Induction Motors
• Traction Motors
• Stepper Motors
• Others

Vehicle Type Outlook (Revenue, USD Million, 2018 - 2030)

• Internal Combustion Engine (ICE) Vehicles
• Hybrid Electric Vehicles (HEVs)
• Plug-in Hybrid Electric Vehicles (PHEVs)
• Battery Electric Vehicles (BEVs)
• Fuel Cell Electric Vehicles (FCEVs)

Function Outlook (Revenue, USD Million, 2018 - 2030)

• Performance Motors
• Comfort Motors
• Safety Motors

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
  • Denmark
  • Finland
  • Iceland
  • Sweden
  • Norway
  • Belgium
  • The Netherlands
  • Luxembourg
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Benelux Union
• Rest of Europe
• Asia-Pacific
  • Indonesia
  • Thailand
  • Malaysia
  • Singapore
  • Rest of Southeast Asia
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America