Market Overview:
The global automotive exterior smart lighting market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The market growth can be attributed to the increasing demand for passenger cars and commercial vehicles, coupled with the rising trend of LED lights in automobiles. On the basis of type, the global automotive exterior smart lighting market has been segmented into halogen, xenon, LED and others. Among these segments, LED is expected to witness highest growth during the forecast period owing to its low power consumption and high efficiency. On the basis of application, the global automotive exterior smart lighting market has been segmented into passenger cars and commercial vehicles. Passenger cars are anticipated to account for a larger share as compared to commercial vehicles during 2018-2030 owing increased demand for luxury cars across different regions.
Product Definition:
Automotive exterior smart lighting is a system that utilizes light emitting diodes (LEDs) to provide illumination for the exterior of a vehicle. This system can provide improved visibility for the driver, as well as enhanced aesthetics for the vehicle.
Halogen:
Halogen is a chemical element that is found in the earth's crust in trace quantities. It was first discovered and extracted from lead ores. The discovery of this element made it possible to produce artificial light sources, which were earlier produced by the fusion of hydrogen and metals such as platinum or gold. Halogens are used for producing heat, light, and gas; however they are not used for producing electricity like other elements because their compounds easily catch fire when exposed to air.
Xenon:
Xenon is a gas that occurs in electrical batteries when they are charged. It has been used as a light source for automotive exterior applications since the early 1990s. The primary reason for its usage was to provide high-quality light output with low power consumption, which is essential in an automobile where there are numerous electronic systems that need to be powered by battery.
Application Insights:
The passenger cars segment accounted for the largest revenue share of over 60% in 2017. The increasing number of young population, especially in countries such as India and China, has led to a significant increase in demand for passenger cars. This trend is expected to continue over the forecast period thus driving automotive exterior smart lighting market growth across all regions.
Increasing penetration of smartphones has also enabled drivers to access information regarding their vehicles through applications installed on mobile devices or computers connected to the internet via Wi-Fi hot spots or 4G LTE wireless data networks provided by telecom companies such as AT&T Inc., Verizon Communications Inc., and T-Mobile US Inc. These factors are anticipated to drive demand from commercial vehicles application segment during the forecast period.
Furthermore, growing awareness among commercial vehicle owners regarding safety concerns coupled with rising costs associated with replacing conventional light sources is projected to propel market growth over the coming years.
Regional Analysis:
Asia Pacific accounted for the largest share of over 40% in 2017. The region is expected to witness significant growth over the forecast period owing to increasing demand from developing countries such as India and China. In addition, rising disposable income levels and changing consumer preferences are anticipated to fuel regional growth during the forecast period.
The European market was valued at USD X million in 2017 and is projected to grow at a CAGR of XX% from 2018 to 2030 owing to stringent regulations about vehicle safety implemented by governing bodies such as ETSI, ANSI, JTCG (Japan), TÜV (Germany), VDS (France) etc., which has led towards implementation of advanced automotive technologies including exterior smart lighting systems in motor vehicles for enhanced road safety purposes.
Growth Factors:
- Increasing demand for luxury and comfort in vehicles
- Rising disposable income of consumers
- Technological advancements in automotive lighting systems
- Stringent government regulations for vehicle safety standards
- Growing awareness about the benefits of automotive exterior smart lighting
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Exterior Smart Lighting Market Research Report
By Type
Halogen, Xenon, LED, Others
By Application
Passenger Cars, Commercial Vehicles
By Companies
Koito Manufacturing, Stanley Electric, Valeo Group, OsRam Licht, Magneti Marelli, HELLA KGaA Hueck, Hyundai Mobis, Mitsuba Corporation, Lumax Industries, Koninklijke Philips
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
193
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Exterior Smart Lighting Market Report Segments:
The global Automotive Exterior Smart Lighting market is segmented on the basis of:
Types
Halogen, Xenon, LED, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Cars, Commercial Vehicles
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Koito Manufacturing
- Stanley Electric
- Valeo Group
- OsRam Licht
- Magneti Marelli
- HELLA KGaA Hueck
- Hyundai Mobis
- Mitsuba Corporation
- Lumax Industries
- Koninklijke Philips
Highlights of The Automotive Exterior Smart Lighting Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Halogen
- Xenon
- LED
- Others
- By Application:
- Passenger Cars
- Commercial Vehicles
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automotive Exterior Smart Lighting Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Automotive exterior smart lighting is a type of lighting that can be controlled by an electronic device. This type of lighting is often used on vehicles to make them look more attractive and modern.
Some of the major companies in the automotive exterior smart lighting market are Koito Manufacturing, Stanley Electric, Valeo Group, OsRam Licht, Magneti Marelli, HELLA KGaA Hueck, Hyundai Mobis, Mitsuba Corporation, Lumax Industries, Koninklijke Philips.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Exterior Smart Lighting Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automotive Exterior Smart Lighting Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Exterior Smart Lighting Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automotive Exterior Smart Lighting Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automotive Exterior Smart Lighting Market Size & Forecast, 2018-2028
4.5.1 Automotive Exterior Smart Lighting Market Size and Y-o-Y Growth
4.5.2 Automotive Exterior Smart Lighting Market Absolute $ Opportunity
Chapter 5 Global Automotive Exterior Smart Lighting Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Automotive Exterior Smart Lighting Market Size Forecast by Type
5.2.1 Halogen
5.2.2 Xenon
5.2.3 LED
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automotive Exterior Smart Lighting Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Automotive Exterior Smart Lighting Market Size Forecast by Applications
6.2.1 Passenger Cars
6.2.2 Commercial Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Exterior Smart Lighting Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive Exterior Smart Lighting Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Automotive Exterior Smart Lighting Analysis and Forecast
9.1 Introduction
9.2 North America Automotive Exterior Smart Lighting Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Automotive Exterior Smart Lighting Market Size Forecast by Type
9.6.1 Halogen
9.6.2 Xenon
9.6.3 LED
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Automotive Exterior Smart Lighting Market Size Forecast by Applications
9.10.1 Passenger Cars
9.10.2 Commercial Vehicles
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Automotive Exterior Smart Lighting Analysis and Forecast
10.1 Introduction
10.2 Europe Automotive Exterior Smart Lighting Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Automotive Exterior Smart Lighting Market Size Forecast by Type
10.6.1 Halogen
10.6.2 Xenon
10.6.3 LED
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Automotive Exterior Smart Lighting Market Size Forecast by Applications
10.10.1 Passenger Cars
10.10.2 Commercial Vehicles
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Automotive Exterior Smart Lighting Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automotive Exterior Smart Lighting Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Automotive Exterior Smart Lighting Market Size Forecast by Type
11.6.1 Halogen
11.6.2 Xenon
11.6.3 LED
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Automotive Exterior Smart Lighting Market Size Forecast by Applications
11.10.1 Passenger Cars
11.10.2 Commercial Vehicles
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Automotive Exterior Smart Lighting Analysis and Forecast
12.1 Introduction
12.2 Latin America Automotive Exterior Smart Lighting Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Automotive Exterior Smart Lighting Market Size Forecast by Type
12.6.1 Halogen
12.6.2 Xenon
12.6.3 LED
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Automotive Exterior Smart Lighting Market Size Forecast by Applications
12.10.1 Passenger Cars
12.10.2 Commercial Vehicles
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Automotive Exterior Smart Lighting Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automotive Exterior Smart Lighting Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Automotive Exterior Smart Lighting Market Size Forecast by Type
13.6.1 Halogen
13.6.2 Xenon
13.6.3 LED
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Automotive Exterior Smart Lighting Market Size Forecast by Applications
13.10.1 Passenger Cars
13.10.2 Commercial Vehicles
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive Exterior Smart Lighting Market: Competitive Dashboard
14.2 Global Automotive Exterior Smart Lighting Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Koito Manufacturing
14.3.2 Stanley Electric
14.3.3 Valeo Group
14.3.4 OsRam Licht
14.3.5 Magneti Marelli
14.3.6 HELLA KGaA Hueck
14.3.7 Hyundai Mobis
14.3.8 Mitsuba Corporation
14.3.9 Lumax Industries
14.3.10 Koninklijke Philips
