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Automotive Lighting Market 2018 Top Key Vendors GE, HELLA, Magneti Marelli, OSRAM, Philips Lighting, etc

19-03-2019

In the car lights market, the passenger cars segment is expected to grow at 6% CAGR from 2018 to 2024. A hot market requirement for passenger cars around the world is making the increasing consumption of car lights products. An increased focus on improving the vehicle aesthetics and exterior looks by auto makers needs advanced and high-quality car lights systems. The commercial vehicles in the market are growing steadily because of the application of enhanced lighting products. These vehicles will need highly efficient lights to provide a longer life and quick response in accidents. The market requirement for commercial vehicles is rising because of the growth in trade & transportation and government infrastructure projects.


The car interior lights market is expected to grow at 7% CAGR from 2018 to 2024. Modern passenger cars and luxury vehicles are installed with advanced LED & halogen lamps in the interior systems. These car lights provide enhanced ambiance and atmosphere to the modern cars. The application of LEDs in vehicle inside supports the smart and intelligent technologies such as automated light switching, touch-free lighting, and color consistency. These systems achieve illumination & brightness benefits while driving at night and support the situation-based light

controlling in modern vehicles.

Industry Growth drivers:

1 Increasing concerns on road safety to stimulate global demand

2 Emerging government regulations

3 Booming automotive industry in China

4 Premium car production in Germany

5 Penetration of car LED lights from high-end to mid-range and low-end vehicles in the U.S

6 Focus of companies on the Asia Pacific region to increase demand

The car led lights market is driven by the development of lighting solutions by various manufacturers such as adaptive front & rear lighting and dynamic bend lighting systems. Increasing requirement from OEM makers for advanced LED lights and laser-based light modules to improve the vehicle safety parameters and providing aesthetic looks to the vehicles further lead to the industry demand. The popular applications of the intelligent lighting technologies in the commercial vehicles, such as situation based light control and driver assistance at night, provides several growth opportunities in the automotive lighting market. Factors such as rising buying power and improving consumer lifestyle in different area are leading to the increasing sales of luxury vehicles and passenger cars.

The following companies are the most famous OEM makers we talked about

1. General Electric Company

2. HELLA GmbH & Co. KGaA

3. Hyundai MOBIS

4. Koito Manufacturing Co., Ltd.

5. Magneti Marelli S.p.A.

6. Namyung Lighting

7. OSRAM Group

8. Koninklijke Philips N.V.

9. Samsung Electronics Co., Ltd.

10. Seoul Semiconductor Co., Ltd.

11. Stanley Electric Co., Ltd.

12. Valeo

13. Varroc Group

14. ZKW Group

The European car lights market was valued at over USD 8 billion in 2017 and is expected to grow further because major car manufacturers in the region such as BMW, Audi, Mercedes-Benz, etc. Besides, several production criteria set by the European Commission to support sustainable development and energy-efficient products stand for the industry growth. International lights system manufacturers around the world follow these standards for producing the car lights components .

LED lighting technologies are more and more popular in the car industry because of the rising application of vehicle lighting systems. Car LED lights feature in performance & energy efficiency, bright lights, and low power consumption. Major users of the automotive led lights market products are global car OEMs such as Audi, BMW, Honda

Motor Company, General Motors, Tata Motors, etc. However, high tariff and trade restrictions in several countries will hinder the the growth of automotive lighting market. These restrictions limit the sales of car lights and other automotive systems to different countries. Besides, fluctuations in the raw materials and component prices due to changing supplier conditions will delay the product development.

Key players in the automotive lights market include HELLA GmbH & Co. KGaA, Hyundai MOBIS, Koito Manufacturing Co., Magneti Marelli S.p.A., Valeo, Osram Group, Philips N.V., General Electric, Samsung Electronics Co., Ltd., and Varroc. The automotive lights industry is separate when a large number of enterprises and small players are present. The world-famous companies in the industry have a strong buying power, strong partnerships & cooperations with the suppliers and OEMs. Companies operating in the car led lights marketplace focus on the research & development activities to achieve highly efficient and technically-advanced products, expanding the regional presence to in world market.



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