Global Automotive Lighting Systems Market (2023-2028) Competitive Analysis, Impact of Covid-19, Ansoff Analysis

Advancements in Adaptive Lighting Technology and Growing Popularity of LED Headlights Propel Growth in the Automotive Lighting Systems Market

• The Global Automotive Lighting Systems Market is a rapidly growing market that is driven by several factors, including government regulations, consumer demand, and technological advancements. This market is being driven by several drivers, including the growing demand for premium vehicles, lighting regulations for better visibility and safety, and the high demand for adaptive lighting systems in passenger and entry-level SUVs.
• However, the market is also facing several challenges, such as the high cost of LED lights, semiconductor chip shortages affecting supply chains, and the volatility of raw material prices. Despite these challenges, there are also several opportunities for growth in the market, including partnerships between automotive OEMs and lighting system manufacturers, the evolution of new technology, and the development of software capabilities to incorporate AI and other technologies in adaptive lighting systems.
• Overall, the Global Automotive Lighting Systems Market is expected to witness significant growth in the coming years, driven by factors such as technological advancements, changing consumer preferences, and government regulations.

Market Segmentations

• The Global Automotive Lighting Systems Market is segmented based on Product Type, Application, Technology, End-Users, Vehicle Class, and Geography.
• By Product Type, the segment categorizes the automotive lighting systems based on their product type, such as halogen, LED, HID/Xenon, and others. Halogen lights have been in use for a long time, and they are relatively cheaper than other types of lighting. LED lights are gaining popularity due to their energy efficiency and long-lasting performance. HID/Xenon lights are brighter and have a longer life than halogen lights.
• By Technology, the segment categorizes the automotive lighting systems based on the technology used, such as adaptive lighting, ambient lighting, and laser lighting. Adaptive lighting adjusts the intensity and direction of the light based on driving conditions, while ambient lighting creates a relaxing environment inside the vehicle. Laser lighting provides a higher level of brightness and longer range than other types of lighting.
• By Vehicle Class, the segment categorizes the automotive lighting systems based on the class of the vehicle, such as economy, mid-range, and luxury. Luxury vehicles require higher-quality and advanced lighting systems, which drives the demand for premium products.
• By Applications, the segment categorizes automotive lighting systems based on their application, such as front lighting, rear lighting, side lighting, and interior lighting. Front lighting is used to light up the road ahead, while rear lighting is used to signal other drivers about the vehicle's movements. Side lighting is used for turning or changing lanes, and interior lighting provides illumination inside the vehicle.
• By End-Users, the segment categorizes the automotive lighting systems based on the end-user, such as OEMs and aftermarket customers. OEMs are the primary buyers of automotive lighting systems, while aftermarket customers include individuals and businesses that require replacement or upgraded lighting systems.
• By Geography, the market is classified into the Americas, EMEA, and APAC. Americas is one of the largest markets for automotive lighting systems, primarily driven by the region's high demand for premium and luxury vehicles. The region is also home to some of the major automotive manufacturers, such as General Motors, Ford, and Tesla, who have incorporated advanced lighting systems in their vehicles.

Recent Development

• Samvardhana Motherson Automotive Systems Group BV (SMRPBV), (a Motherson Group company), has signed an MoU (Memorandum of Understanding) with Marelli Automotive Lighting to explore a new technological partnership focused on smart illuminated exterior body parts. - July 2021.
• Shanghai Auto Show, Valeo announced the development of the first 360° lighting solution. The technology surrounds the vehicle with a band of light, which projects clear, simple, and instantaneous indications that can be seen by nearby road users, especially vulnerable road users such as cyclists and people on scooters and motor scooters. - April 2021.

Company Profiles

Countries Studied

• America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of the Americas)
• Europe (Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
• Middle-East and Africa (Egypt, Israel, Nigeria, Qatar, Saudi Arabia, South Africa, United Arab Emirates, and the Rest of MEA)
• Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

Ansoff Analysis

• The report presents a detailed Ansoff matrix analysis for the Global Automotive Lighting Systems Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development, and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
• The publisher analyses the Global Automotive Lighting Systems Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
• Based on the SWOT analysis conducted on the industry and industry players, the publisher has devised suitable strategies for market growth.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Automotive Lighting Systems Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The research report also provides a detailed market size analysis and projections in volume and value terms. The projections are calculated using verified research methodologies.
• Excel data sheet for the market size will also be provided with the report.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter’s 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 on the market is also featured in the report.
• The report includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report includes Self-Assessment Form, which helps customers evaluate their position in the market compared to their competitors.
• The report offers customized research - tailored uniquely to our customers with a quick turnaround time. We offer a 15% customization option at no extra charge to all our clients for any of our syndicated reports.

Report Highlights:

• A complete analysis of the market, including the parent industry
• Important market dynamics and trends
• Impact Analysis - a comprehensive assessment to confront risk and make strategic & operational decisions to counter the changes in the market environment
• Market segmentation
• Competitive Analysis: Comparative analysis of competitor
• Historical, current, and projected size of the market based on value and volume
• Market size of the US states
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market