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On-highway Vehicle Lighting Market Size, Share & Trends Analysis Report by Product (LED, LASER), by Application (Headlights, Interior Lights), by Vehicle Type, by Region, and Segment Forecasts, 2022-2030

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    Report

  • 120 Pages
  • April 2022
  • Region: Global
  • Grand View Research
  • ID: 4613434
The global on-highway vehicle lighting market size is projected to reach USD 41.3 billion by 2030. It is anticipated to register a CAGR of 4.9% from 2022 to 2030. The surge in the adoption of the latest technologies in automotive lighting and rising penetration of LED lighting in the automotive industry are expected to drive the demand for on-highway vehicle lighting in the coming years. Automotive lighting has continuously evolved over the years as manufacturers seek innovative ways to improve performance, enhance aesthetics and strengthen safety. Headlamps are particularly anticipated to witness developments in line with advancements in laser and LED technologies.



Rapid increase in night driving owing to long work hours is anticipated to propel the demand for on-highway vehicle lighting. Ambient lighting is used to improve the visual appearance of the vehicle. Furthermore, changing climate in numerous countries owing to global warming generates smog, which limits the visibility while driving, thereby leading to major accidents. External vehicle lighting is used in order to curb such accidents from occurring. This, in turn, will positively influence the industry growth.

Asia Pacific captured around 50% of the on-highway vehicle lighting demand in 2021 and is estimated to register the highest CAGR of 5.2% over the forecast period. The growing investments in lighting technology and evolving automotive industry in emerging economies such as China and India are expected to drive the growth of the LED and LASER markets. The Make In India campaign is expected to draw substantial investments in the automotive sector owing to several benefits in the country such as low-cost labor and cheaper raw materials.

On-highway Vehicle Lighting Market Highlights

  • In terms of product, the LASER segment is estimated to register the highest CAGR of 6.8% from 2022 to 2030 owing to the increasing demand for luxury vehicles across developed and emerging economies.
  • In terms of application, the headlight segment emerged as the largest segment in 2021 and is anticipated to retain its dominance over the forecast period.
  • In terms of vehicle type, the passenger car segment accounted for a dominant share of over 44.1% in 2021. The segment is projected to record the highest CAGR from 2022 to 2030.
  • Asia Pacific captured over 51.6% of the market share in 2021. The region is expected to retain dominance during the period in study owing to increasing passenger car sales in emerging economies such as China and India.


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Table of Contents

Chapter 1. Methodology & Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. internal database
1.3.3. Secondary sources & third-party perspectives
1.3.4. Primary research
1.4. Information analysis
1.4.1. Data analysis models
1.5. Market formulation & data visualization
1.6. Data validation & publishing
Chapter 2. Executive Summary
Chapter 3. Market Variables, Trends, and Scope
3.1. Penetration & Growth Prospect Mapping
3.2. Industry Value Chain Analysis
3.3. Market Dynamics
3.3.1. Market Driver Analysis
3.3.2. Market Restraint Analysis
3.4. Market Analysis Tools
3.4.1. Industry Analysis - Porter’s Five Forces Analysis
3.4.2. PEST Analysis
3.5. Key Company Analysis, 2021
3.6. Impact of COVID-19 on On-highway Vehicle Lighting Market
Chapter 4. On-highway Vehicle Lighting Market: Product Outlook
4.1. Market Size Estimates & Forecasts and Trend Analysis, 2018-2030 (USD Million)
4.1.1. Halogen
4.1.1.1. Market estimates and forecasts by region, 2018-2030 (USD Million)
4.1.2. HID
4.1.2.1. Market estimates and forecasts by region, 2018-2030 (USD Million)
4.1.3. LED
4.1.3.1. Market estimates and forecasts by region, 2018-2030 (USD Million)
4.1.4. Incandescent
4.1.4.1. Market estimates and forecasts by region, 2018-2030 (USD Million)
4.1.5. LASER
4.1.5.1. Market estimates and forecasts by region, 2018-2030 (USD Million)
Chapter 5. On-highway Vehicle Lighting Market: Application Outlook
5.1. Market Size Estimates & Forecasts and Trend Analysis, 2018-2030 (USD Million)
5.1.1. Headlight
5.1.1.1. Market estimates and forecasts by region, 2018-2030 (USD Million)
5.1.2. Exterior Lights
5.1.2.1. Market estimates and forecasts by region, 2018-2030 (USD Million)
5.1.3. Internal Lights
5.1.3.1. Market estimates and forecasts by region, 2018-2030 (USD Million)
Chapter 6. On-highway Vehicle Lighting Market: Vehicle Type Outlook
6.1. Market Size Estimates & Forecasts and Trend Analysis, 2018-2030 (USD Million)
6.1.1. Motorcycle
6.1.1.1. Market estimates and forecasts by region, 2018-2030 (USD Million)
6.1.2. Passenger Cars
6.1.2.1. Market estimates and forecasts by region, 2018-2030 (USD Million)
6.1.3. Buses
6.1.3.1. Market estimates and forecasts by region, 2018-2030 (USD Million)
6.1.4. Light Trucks (Class 1-3)
6.1.4.1. Market estimates and forecasts by region, 2018-2030 (USD Million)
6.1.5. Medium Trucks (Class 4-6)
6.1.5.1. Market estimates and forecasts by region, 2018-2030 (USD Million)
6.1.6. Heavy Trucks (Class 7 & 8)
6.1.6.1. Market estimates and forecasts by region, 2018-2030 (USD Million)
Chapter 7. On-highway Vehicle Lighting Market: Regional Outlook
7.1. On-highway Vehicle Lighting Market, by Region, 2021 & 2030
7.2. North America
7.2.1. North America market estimates and forecasts, by product, 2018-2030 (USD Million)
7.2.2. North America market estimates and forecasts, by application, 2018-2030 (USD Million)
7.2.3. North America market estimates and forecasts, by vehicle type, 2018-2030 (USD Million)
7.2.4. U.S.
7.2.4.1. U.S. market estimates and forecasts, by product, 2018-2030 (USD Million)
7.2.4.2. U.S. market estimates and forecasts, by application, 2018-2030 (USD Million)
7.2.4.3. U.S. market estimates and forecasts, by vehicle type, 2018-2030 (USD Million)
7.2.5. Canada
7.2.5.1. Canada market estimates and forecasts, by product, 2018-2030 (USD Million)
7.2.5.2. Canada market estimates and forecasts, by application, 2018-2030 (USD Million)
7.2.5.3. Canada market estimates and forecasts, by vehicle type, 2018-2030 (USD Million)
7.3. Europe
7.3.1. Europe market estimates and forecasts, by product, 2018-2030 (USD Million)
7.3.2. Europe market estimates and forecasts, by application, 2018-2030 (USD Million)
7.3.3. Europe market estimates and forecasts, by vehicle type, 2018-2030 (USD Million)
7.3.4. Germany
7.3.4.1. Germany market estimates and forecasts, by product, 2018-2030 (USD Million)
7.3.4.2. Germany market estimates and forecasts, by application, 2018-2030 (USD Million)
7.3.5. U.K.
7.3.5.1. U.K. market estimates and forecasts, by product, 2018-2030 (USD Million)
7.3.5.2. U.K. market estimates and forecasts, by application, 2018-2030 (USD Million)
7.3.5.3. U.K. market estimates and forecasts, by vehicle type, 2018-2030 (USD Million)
7.4. Asia Pacific
7.4.1. Asia Pacific market estimates and forecasts, by product, 2018-2030 (USD Million)
7.4.2. Asia Pacific market estimates and forecasts, by application, 2018-2030 (USD Million)
7.4.3. Asia Pacific market estimates and forecasts, by vehicle type, 2018-2030 (USD Million)
7.4.4. China
7.4.4.1. China market estimates and forecasts, by product, 2018-2030 (USD Million)
7.4.4.2. China market estimates and forecasts, by application, 2018-2030 (USD Million)
7.4.4.3. China market estimates and forecasts, by vehicle type, 2018-2030 (USD Million)
7.4.5. Japan
7.4.5.1. Japan market estimates and forecasts, by product, 2018-2030 (USD Million)
7.4.5.2. Japan market estimates and forecasts, by application, 2018-2030 (USD Million)
7.4.5.3. Japan market estimates and forecasts, by vehicle type, 2018-2030 (USD Million)
7.4.6. India
7.4.6.1. India market estimates and forecasts, by product, 2018-2030 (USD Million)
7.4.6.2. India market estimates and forecasts, by application, 2018-2030 (USD Million)
7.4.6.3. India market estimates and forecasts, by vehicle type, 2018-2030 (USD Million)
7.5. Latin America
7.5.1. Latin America market estimates and forecasts, by product, 2018-2030 (USD Million)
7.5.2. Latin America market estimates and forecasts, by application, 2018-2030 (USD Million)
7.5.3. Latin America market estimates and forecasts, by vehicle type, 2018-2030 (USD Million)
7.5.4. Brazil
7.5.4.1. Brazil market estimates and forecasts, by product, 2018-2030 (USD Million)
7.5.4.2. Brazil market estimates and forecasts, by application, 2018-2030 (USD Million)
7.5.4.3. Brazil market estimates and forecasts, by vehicle type, 2018-2030 (USD Million)
7.5.5. Mexico
7.5.5.1. Mexico market estimates and forecasts, by product, 2018-2030 (USD Million)
7.5.5.2. Mexico market estimates and forecasts, by application, 2018-2030 (USD Million)
7.5.5.3. Mexico market estimates and forecasts, by vehicle type, 2018-2030 (USD Million)
7.6. Middle East & Africa
7.6.1. Middle East & Africa market estimates and forecasts, by product, 2018-2030 (USD Million)
7.6.2. Middle East & Africa market estimates and forecasts, by application, 2018-2030 (USD Million)
7.6.3. Middle East & Africa market estimates and forecasts, by vehicle type, 2018-2030 (USD Million)
Chapter 8. Competitive Landscape
8.1. KOITO MANUFACTURING CO., LTD.
8.1.1. Company overview
8.1.2. Financial performance
8.1.3. Product benchmarking
8.1.4. Recent developments
8.2. Koninklijke Philips N.V.
8.2.1. Company overview
8.2.2. Financial performance
8.2.3. Product benchmarking
8.2.4. Recent developments
8.3. Marelli Automotive Lighting
8.3.1. Company overview
8.3.2. Financial performance
8.3.3. Product benchmarking
8.3.4. Recent developments
8.4. Valeo
8.4.1. Company overview
8.4.2. Financial performance
8.4.3. Product benchmarking
8.4.4. Recent developments
8.5. Zizala Lichtsysteme GmbH (LG Electronics)
8.5.1. Company overview
8.5.2. Financial performance
8.5.3. Product benchmarking
8.5.4. Recent developments
8.6. TYC Genera
8.6.1. Company overview
8.6.2. Financial performance
8.6.3. Product benchmarking
8.6.4. Recent developments
8.7. Spyder Auto
8.7.1. Company overview
8.7.2. Financial performance
8.7.3. Product benchmarking
8.7.4. Recent developments
8.8. Maxxima
8.8.1. Company overview
8.8.2. Financial performance
8.8.3. Product benchmarking
8.8.4. Recent developments
8.9. Optronics International LLC
8.9.1. Company overview
8.9.2. Financial performance
8.9.3. Product benchmarking
8.9.4. Recent developments

Companies Mentioned

  • Koito Manufacturing Co. Ltd.
  • Koninklijke Philips N.V.
  • Marelli Automotive Lighting
  • Valeo
  • Zizala Lichtsysteme GmbH (Lg Electronics)
  • Tyc Genera
  • Spyder Auto
  • Maxxima
  • Optronics International LLC

Methodology

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Table Information