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Analysis of global automotive lamp market in the year 2020

automobile lamp market forcast
Automotive Lamp Market Scale and Player Strategies

Facing Sino-US trade conflicts, the world market size of automotive lamps was upt USD 29.212 billion (-8% YoY) in 2019. Top five international automotive lamps makers are Koito, Valeo, Automotive Lighting, Hella and Stanley.The revenue of most listed players for 2019 declined 6%-12%, but thanks to the optimization of product portfolio, Xingyu had an annual growth up to 25.55%. Besides, The popular upgrading of intelligent driving illumination makes the opportunity of updating LED headlamp and ADB, the value of a single automotive lamp increases year by year. Xingyu has keptreceiving orders from well-known brands such as BMW, Audi and Jaguar Land Rover.

Automotive LED Player Revenue Performance

Automotive LED lights market volume in 2019 was up to USD 2.672 billion. Most car LED lights suppliers announceda YoY decline of 15-30% in revenue for 2019 because of the impact of the Sino-US trade conflict on new car sales and the fierce price competition. Also, OSRAM’s automotive LED light market share dropped to 34% in 2019, in comparision, Nichia’s market share climbed up just a bit to 25% in 2019.

Influence of COVID-19 on Automotive lamp Market

During the Sino-US trade conflicts and the COVID-19 crisis, the supply chain and cash flow are likely to face great challenge and factories fail to make delivery and payment, which might cause a potential risk to the market and lead to a reshuffle for the supply chain. In order to  control manufacturing quality better, cost and product performance, both car makers and automotive lamp manufacturers actively gain control of the information of important components.
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