Automotive Lighting - Global Market Trajectory & Analytics

Global Automotive Lighting Market to Reach $63.4 Billion by 2030

The global market for Automotive Lighting estimated at US$39.6 Billion in the year 2022, is projected to reach a revised size of US$63.4 Billion by 2030, growing at a CAGR of 6% over the analysis period 2022-2030. Halogen, one of the segments analyzed in the report, is projected to record 6.1% CAGR and reach US$28.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the LED segment is readjusted to a revised 6.6% CAGR for the next 8-year period.

The U.S. Market is Estimated at $10.6 Billion, While China is Forecast to Grow at 9.1% CAGR

The Automotive Lighting market in the U.S. is estimated at US$10.6 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$14.6 Billion by the year 2030 trailing a CAGR of 9.1% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 5.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR.

Select Competitors (Total 16 Featured) -

• DENSO Corporation
• Hella KGaA Hueck & Co
• Hyundai Mobis
• Koito Manufacturing Co. Ltd
• Koninklijke Philips N.V.
• Osram Licht AG
• ROBERT BOSCH GmbH
• Stanley Electric Co. Ltd
• Valeo
• Zizala Lichtsysteme GmbH

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