Automotive Lamp Housing | Contrive Datum Insights

Market Overview:

The Global Automotive Lamp Housing Market Size Was USD 33.05 Billion By 2022 To USD 68.32 Billion By 2030 With CAGR Of 9.5% During The Forecast Period 2022-2030.

{{info}}

The part of the lighting assembly that holds the light bulb in place is the lamp housing for a car. As lighting technology improves, it will have an effect on the design of automotive lamp housings. This is because car makers want their cars to work well, be safe, and look good. In addition to getting direct stock contracts with original equipment manufacturers (OEMs) of cars, market participants are looking for strong aftermarket sales growth because each sales channel is becoming more popular.

As the standards for interior and exterior lighting in cars rise quickly, manufacturers of lamp housings must use their skills and resources to come up with new ideas to meet the challenges of a changing market and gain a competitive edge, turning them into opportunities.

One of the biggest trends that will lead to new product launches in the automotive lamp market in the next few years is the rise of lightweight automotive modules. These modules will help cars look better in the future, save time and money on design, and have a more natural look.

COVID-19 Impact:

The COVID-19 epidemic has hurt the supply chain for cars around the world. The outbreak has affected not only international factories, but also sales of cars all over the world. New car sales have stopped, and factories have been shut down. This has an effect on the production of the lighting parts for cars. In 2020, the market was expected to be affected by the fact that less people would want to buy gas-powered and electric cars. Also, funding for research and development (R&D) is going to be cut by a lot, which is likely to make it harder to find new ways to light up vehicles. Lighting needs are mostly related to how many cars are made. With the spread of COVID-19, the number of cars made and sold has dropped by a lot, and a 20% drop is expected in 2020.

Market Dynamics:

Market Trends:

• Rising Adoption of Advanced Technologies Due to Advance Safety Features 

The growing use of new technology is a key trend in the market. The people who make cars are always trying to come up with technologically advanced parts that are small, light, and efficient. OLED, laser, and matrix-led lighting are all examples of new technologies. A matrix led's high-beam unit is made up of 25 different parts. With the high-beam feature, the matrix LED light can respond to other cars in the right way.

Matrix LED is connected to the sensors, so it automatically turns on, turns off, or dims the light so that it doesn't blind other drivers. For instance, Nichia Corporation and Infineon Technologies worked together to make a high-definition front lighting system with 16,000 micro LED matrix solutions. Only the lights that need to be on are turned on in this solution. This saves energy and makes the solution more efficient.

Driving Factors:

• Strict Government Regulations on Lighting for Better Visibility and Safety

Strict rules about lighting have made developed countries look to Europe and North America for the vehicle lighting business. Vehicle lights are important, especially when driving on highways that are busy. Accidents on the road are a worry for governments everywhere. The World Health Organization (WHO) says that about 1.3 million people die every year in car accidents. Most countries lose about 3% of their GDP because of car accidents. So, it's important to make driving safer, which can be done in part by making the lighting system better. In 2011, the European Union made it so that all new cars had to have daytime running lights (DRLs) to make the roads safer. DRL is meant to help other people on the road see the car, not to help the driver see the road. The National Highway Traffic Safety Administration (NHTSA) of the U.S. Department of Transportation says that DRL cut fatal car accidents by 13.8%. This kind of rulemaking is likely to slow the growth of the global automotive lighting market.

• Increase in Demand for Premium Segment Vehicles

The sales of luxury cars have gone up all over the world because people have more money to spend, live better, and have different tastes. Many driver assistance features, like Blind Spot Detection (BSD), Lane Departure Warning (LDW), Adaptive Cruise Control (ACC), and Forward Collision Warning System (FCWS), are not required by law or regulation. But some high-end car companies are adding these features to stay on top of the market. This is a good thing because it makes the competition between car companies stronger. Now, cars in the E, F, SUV-D, and SUV-E segments come with a lot of high-end features. Electric vehicles are becoming the focus of both new products and research and development at companies that make high-end cars. Major automakers like Ford, Stellantis, and Volkswagen have said that all of their vehicles will be fully electric by the end of the next decade. As a result, some of the biggest names in luxury cars will start making EVs. Because of this, advanced lighting technologies like LEDs, adaptive lights, and ambient lights will be used in cars more quickly than halogen and xenon HID technologies because they are more efficient and better at controlling temperature. So, premium segment cars and the rising trend of electrification and sales, especially in countries like China, where one-third of all luxury vehicles made around the world are sold, are expected to boost the automotive headlight market.

• Increasing Adoption of Advanced Lighting in Vehicles

During the period of the forecast, the growing use of advanced lighting in cars is expected to drive up the demand for this market. Key original equipment manufacturers (OEMs) are putting a lot of effort into making and installing advanced lighting to improve the visibility and appearance of vehicles. Hella GmbH, for example, makes and sells high-tech lighting systems for cars. The lighting system has functions, such as talking to people on the street to make sure they are safe and meet customer needs.

Restraints/Challenges:

• Semi-Conductor Chip Shortages May Affect Automotive Lighting Supply Chains

Due to a shortage of microchips around the world, the auto industry lost more than USD 200 billion in 2021. Since 2021, 11 million fewer cars have been made, and manufacturing plants have been empty. Some of the world's biggest automakers, like Ford, stopped making cars at some of their factories so they could focus on making trucks, which make much more money.

Companies that need semiconductors are already rethinking their long-term plans for buying them because semiconductor chip shortages have been going on for a long time. Major automakers have already said they will cut their production by a lot, which will cut their expected sales for the fiscal year 2021 by billions of dollars. Some companies are reorganizing their supply chains and switching from a "just-in-time" ordering model, which helps keep inventory costs low, to an order-ahead model for semiconductors. For long-term solutions to shortages, companies are usually adding another six months by moving a product to a different manufacturing site. Also, businesses are switching from one manufacturer to another. Still, it adds another year or more because the design of the chip needs to be changed to fit the new manufacturing partner's needs or the way the chip is made.

• High Cost of LED is Restraining the Growth of the Market

LED lights give off a lot of heat that needs to be controlled by other cooling equipment. This makes LED lights more expensive and is expected to slow their growth over the next few years. High voltage sensitivity is another thing that will slow the growth of LED over the next five years. LED lights need a current that is lower than what is shown and a voltage that is higher than the threshold. LED's need for such a specific power supply is thought to hurt its quality and slow its growth in the market.

• Volatility of Raw Material Prices

Tungsten, molybdenum, glass, niobium, tantalum, phosphorus, and a mix of inert gases are the raw materials used to make lighting systems like xenon, halogen, and LED. To make light sources that use less electricity, give off bright light, and last longer, different materials and gases need to be put together. As a result of the trend to use less carbon in car parts, there is a high reliance on rare earth metals and technology metals. LED uses a very small amount of the rare earth metal phosphor. LED lights save between 80 and 90% of energy because they last 5 to 40 times longer than regular bulbs.

Light manufacturers and suppliers are worried about how easy it will be to quickly use semiconductors, manufacturing, and artificial intelligence (AI) technologies and how prices will change because of problems in the supply chain, trade wars, etc. Adding and developing these kinds of technologies requires a bigger R&D team and could drive up the price of car lights. Also, manufacturers have long-term contracts with major OEMs that keep them from taking advantage of prices going down for materials. If the price of the material goes down, manufacturers lose the cost advantage that the material gave them.

Opportunities:

• Evolution of New Technologies

Matrix LED, OLED, and laser lighting are some new technologies for car lights that look promising. OLED is a new solid-state lighting technology that could be used to light up large areas. It is a niche technology that is still being researched and worked on. OLED is likely to be used soon in cars in the high-end segment. But it would take 10 to 15 years for the technology to get a big share of the market. Laser lights can be used to make bright headlights that use little power. Just recently put on the market, inorganic LEDs are now gaining steam in the global automotive market. Major automakers are paying attention to these technologies because they work well. In the same way, OEMs will be interested in OLED and laser technology in the coming years.

• Growing Emphasis toward Road Safety

Accidents on the road are a big problem all over the world, especially when there is a lot of traffic and bad weather. Because of this rise in car accidents, there is now more demand for safety features and adaptive lighting systems. So, because people are getting more worried about car accidents, they are installing adaptive and advanced lighting systems that can find things on the road and let the driver know what to do. Also, the use of smart, high-resolution LED headlights lets the driver take any turn on the road with the help of sensors that light up oncoming traffic. This makes a big difference in reducing the risk of accidents, especially when driving at night. So, car companies spend a lot of money on research and development and new ideas to make automotive lighting systems that work with driver assistance systems and proximity sensors. This makes the market for automotive lighting systems more competitive.

Strategic Development:

• In January 2022 - Hyundai, a multinational automaker with its headquarters in South Korea, released the Ioniq 5. It was the company's first electric car that didn't have to fit into a certain shape or size. It has a Daytime Running Lamp light bar on the top edge of the front bumper. This model stands out from the rest because of its unique lighting, and the company thinks this is an example of how cars will be made in the future.
• In January 2022 - Mitsubishi, a Japanese company that makes cars for people all over the world, announced the lineup for the 2022 Tokyo Auto Salon. It will show 7 models, such as the Vision Ralliart Concept, X Style, and K-EV concept. Officials from the company say that its Ralliart Style cars will be changed to have a new grille, an LED light bar, exposed bolts, and protection for the underbody.
• In July 2022 - The next generation of ambient vehicle lighting was released by HELLA. The new HELLA Slim Light System can be used to set the mood inside and light up a large area, like the door. The most noticeable thing about this system is how slim and light it is. It can be put between several layers that are no more than eight millimeters thick. In comparison, the size of current systems is about 20 millimeters.
• In February 2022 - A Motherson company called Samvardhana Motherson Automotive Systems Group BV (SMRP BV) and Valeo signed a Memorandum of Understanding ("MOU") that says they will work together to make car interiors and lighting systems with cutting-edge surface finishes.
• In July 2019 - At the Geneva Motor Show, Gumpert Airways showed off a super sports car with lights made by OSRAM Continental. The "Nathalie" model has the B63R LED projector, which has two functions. It gives off bright, even light and is small enough to give designers the most freedom when making a vehicle.
• In January 2019 - Valeo and Cree, Inc. said that they had worked together to make the first complete high-definition (HD) LED array solution for automotive lighting systems. Valeo PictureBeam Monolithic is the first full high-definition lighting system that combines glare-free and high-beam road marking functions with high-performance low beam and high beam in a single, compact solution. This one-of-a-kind solution uses an LED array that can be made bigger or smaller, and the pixels of the light beam are made right at the light source. Because of this, the module is smaller and lighter than other HD lighting systems on the market. This makes it easier to add to all types of vehicles.

Key Vendors:

Top market players are

• Truck-Lite Co, LLC.

Truck-Lite Co., LLC makes and sells products and accessories for vehicle safety lighting. The company sells wiring harnesses, mirrors, reflectors, tapes, turn signal switches, and safety accessories. Customers from the United States, Mexico, and the United Kingdom are served by Truck-Lite Co.

• L. Gore & Associates, Inc.

1. L. Gore & Associates is a global materials science company whose goal is to improve lives and change industries. Since 1958, Gore has solved hard technical problems in places like outer space, the tops of the world's tallest mountains, and inside the human body.

• Bosch Auto Parts

Bosch Ltd. (also called "Bosch") is a branch of Robert Bosch GmbH that makes auto parts and home appliances. The company sells gasoline systems, diesel systems, chassis system controls, electrical drives, starter motors and generators, automotive electronics, aftermarket products, and steering systems.

• Advance Auto Parts

Advance Auto Parts, Inc. sells and ships aftermarket auto parts to both professional installers and people who do their own work. It has the Northern Division, the Southern Division, Carquest Canada, Independents, and Worldpac as its business units.

• Wagner Brake

Wagner was the first company to come up with new ways to stop cars, trucks, and other vehicles. Wagner is the leader in engineering and is committed to making sure that our parts have the best braking performance in the industry.

• Oracle Lighting

ORACLE Lighting is a private company that has been in the industry for 24 years. At the moment, the company specializes in Automotive and Auto Parts.

• TYC Genera

TYC Genera is a world-class company and makes and sells replacement parts for cars as well as the most complete line of aftermarket lamps in the business.

• O'Reilly Auto Parts

O'Reilly Automotive Inc. (O'Reilly Automotive) sells and distributes parts and accessories for cars. Its products include, among other things, automotive parts, tools, equipment, supplies, and accessories. The company also offers services like machine shops, professional paint shop mixing and related materials, recycling of used oil, oil filters, and batteries, among others.

• Grainger Industrial Supply

W.W. Grainger, Inc. sells maintenance, repair, and operating supplies and information to commercial, industrial, contractor, and institutional markets in North America. Products made by the company include motors, heating, ventilation, and air conditioning (HVAC) equipment, lighting, hand and power tools, pumps, packaging, material handling, adhesives, safety, cleaning, electrical, and metalworking tools.

• UNO MINDA

UNO Minda Ltd (UNO Minda), which used to be called Minda Industries Ltd, makes parts and accessories for cars. The company makes two-wheeler switches and handlebar systems, electronic parts, automotive horns, automotive lamps, and blow-molded products, among other things. Minda Industries sells and fixes things for four-wheelers, two- or three-wheelers, and off-road vehicles.

Segmentation Analysis:

The market is segmented on the basis of application, technology, vehicle type and region.

By Application Outlook:

This market is divided by application type into front, side, back, and interior lighting. Due to the constant changes in the headlamp segment, the market is likely to be led by the rear (also called "Taillights") segment. Since LED headlamps are becoming more popular than halogen and Xenon ones, they will continue to be the most popular front lights over the next few years. Also, improvements to headlights are making people want front lights even more.

During the forecast period, the back segment is expected to make up the second largest part of the market. There are tail lights, brake lights, reverse lights, rear fog lights, and turn signal lights in the interior system. In 2020, 25.70% of the market was made up of the rear segment.

In 2020, the interior segment has a high growth rate and a low market share. In 2020, 23.05% of the market was made up by this segment. During the period of the forecast, the segment will grow because more mid-range and high-end vehicles are putting in better lighting systems for the inside. OSRAM, for example, made LED ambient, a type of high-tech indoor lighting, in 2014. This indoor light is battery-free, uses less energy, lasts a long time, and is easy to recycle.

• Front
• Rear
• Side
• Interior

By Technology:

The market is split into three groups based on technology: halogen, LED, and Xenon. During the next few years, the market will be dominated by the LED segment. Compared to halogen, LED uses less energy and puts out more power. This is likely to lead to more people using LED. Leading companies are working hard to make LED lights that are better than halogen bulbs and will eventually replace them. In December 2018, for example, Osram came out with a new line of LED vehicle lights. The series has headlights with built-in LED technology, low and high beams, turn signals, position lights, and a mode that lets the lights work during the day.

Growing consumer interest in LED systems that use less energy and strict government regulations can drive demand for LED lights. For example, the front of all passenger vehicles must have LED lights. Halogen bulbs are expected to keep the second-largest market share because they are easy to make and keep up.

Over the next few years, the Halogen light segment is expected to be the second largest in the market. Due to improvements in technology, the Halogen Light Segment will be the most important over the next few years. In 2020, 38.16% of the world's market was made up of the halogen segment.

• LED
• Halogen
• Xenon

By Vehicle Type:

The market is split into two parts based on the type of vehicle: passenger cars and commercial vehicles.

The passenger car segment has the largest share of the market worldwide, and it is expected to continue to lead the market over the next few years. Because people in developing countries are getting more money, they are buying and making more passenger cars. This will help this segment of the market grow. In 2020, 79.76% of the market was made up of passenger cars. Due to government efforts to improve safety standards for commercial vehicles, the market for commercial vehicles is also expected to grow in a good way over the next few years.

• Passenger Cars
• Commercial Vehicles

Regional Insights:

In the future, Western European, Japanese, and North American automakers will offer lighting solutions that are technologically advanced. For example, they will offer a variety of emergency signal lights, which will be good for the automotive lamp housing market.
{{info2}}

APEJ is expected to go up a lot because the auto industry is growing in developing countries like China and India. Also, it is expected that the CAGRs for MEA, Latin America, and Eastern Europe will be healthy during the forecast period.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of 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

Scope of Report:

Conclusion:

• The report gives a detailed look at the parent market's trends, macroeconomic indicators, and governing factors, as well as each segment's market attractiveness.
• The report also shows how different market factors affect different market segments and places.
• The report gives a detailed look at the parent market's trends, macroeconomic indicators, and governing factors, as well as each segment's market attractiveness.
• The report also shows how different market factors affect different market segments and places.
• The scope also includes an overview of the competition, with market shares and profiles for the top revenue-generating companies.