Market Overview:
The global automotive lighting module market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for passenger vehicles and commercial vehicles, and the rising trend of LED lighting in automobiles. The halogen lighting segment is expected to dominate the global automotive lighting module market during the forecast period, owing to its low cost and high efficiency as compared to other types of lighting modules. However, LED Lighting is projected to be one of fastest-growing segments due its advantages such as low power consumption, long life span, and easy installation. Regionally, North America is estimated hold largest share in global automotive light module market followed by Europe.
Product Definition:
An automotive lighting module is a device that controls the light emitted by a vehicle's headlights. It is typically housed within the headlight assembly and includes a number of electrical components, such as ballasts and igniters, that work together to create and control the light beam. The module is important because it ensures that drivers can see clearly while driving at night or in bad weather.
Halogen Lighting:
Halogen lighting is a type of incandescent lamp that uses the element helium for cooling. The light produced by these lamps has a shorter wavelength than conventional lights, which makes them useful for various applications such as automotive lighting. They have high brightness and less power consumption compared to other types of bulbs, making them suitable for use in automotive headlamps and taillights.
The global halogen lighting market size was valued at USD 2 billion in 2015.
HID Lighting:
High Intensity Discharge (HID) lighting is a type of electric light that produces an increased quantity of light compared to the conventional incandescent and halogen lights. The HID lamps are made up of a glass capsule containing an inert gas such as nitrogen, which serves as a reflector. The electrical current passes through the gas, producing bright illumination.
The automotive industry has been witnessing technological advancements in terms of safety.
Application Insights:
The passenger vehicle application segment accounted for the largest revenue share of over 70% in 2017. The demand for automotive lighting modules is expected to increase significantly owing to growing sales of passenger vehicles, especially in emerging markets such as China, India and Brazil. Moreover, increasing production capacities coupled with stringent regulations regarding road safety is further anticipated to drive the market growth over the forecast period.
Commercial vehicle application segment was estimated at USD 1,227.5 million in 2017 and is projected to reach USD 2,176.3 million by 2030 with a CAGR of XX% from 2018 to 2030 during the study period owing to rising demand from logistics companies that require specific types of lighting equipment for their trucks or vans on a daily basis during night time runs or deliveries across various regions globally including North America.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The growth can be attributed to increasing sales of passenger vehicles in China and India. Europe accounted for a significant share in terms of both volume and revenue, owing to stringent regulations regarding road safety coupled with rising adoption of energy-efficient lighting solutions. Halogen lights are still widely used across European countries such as Germany, France, Italy, and U.K.
The Asia Pacific region dominated the global market by accounting for more than 45% share in 2016 on account of rapid industrialization along with growing automotive industry especially after China entered into an agreement known as “Belt & Road†initiative which aims at improving trade connectivity within Asia through rail.
Growth Factors:
- Increasing demand for luxury and premium cars
- Rising disposable income of consumers in developing countries
- Technological advancements in automotive lighting modules
- Stringent government regulations for vehicle safety standards
- Growing awareness about the benefits of using automotive lighting modules
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Lighting Module Market Research Report
By Type
Halogen Lighting, HID Lighting, LED Lighting
By Application
Passenger Vehicle, Commercial Vehicle
By Companies
Koito, Magneti Marelli, Valeo, Hella, Stanley Electric, HASCO, ZKW Group, Varroc, SL Corporation, Xingyu, Hyundai IHL, TYC, DEPO
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
162
Number of Tables & Figures
114
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Lighting Module Market Report Segments:
The global Automotive Lighting Module market is segmented on the basis of:
Types
Halogen Lighting, HID Lighting, LED Lighting
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 Vehicle, Commercial Vehicle
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
- Magneti Marelli
- Valeo
- Hella
- Stanley Electric
- HASCO
- ZKW Group
- Varroc
- SL Corporation
- Xingyu
- Hyundai IHL
- TYC
- DEPO
Highlights of The Automotive Lighting Module 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 Lighting
- HID Lighting
- LED Lighting
- By Application:
- Passenger Vehicle
- Commercial Vehicle
- 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 Lighting Module 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?
An automotive lighting module is a small, self-contained electronic device that controls the illumination of vehicle headlights and taillights. Automotive lighting modules are typically mounted in the dashboard or console near the driver's seat, and can be controlled using a standard car stereo system.
Some of the major companies in the automotive lighting module market are Koito, Magneti Marelli, Valeo, Hella, Stanley Electric, HASCO, ZKW Group, Varroc, SL Corporation, Xingyu, Hyundai IHL, TYC, DEPO.
The automotive lighting module market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Lighting Module 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 Lighting Module Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Lighting Module 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 Lighting Module 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 Lighting Module Market Size & Forecast, 2020-2028
4.5.1 Automotive Lighting Module Market Size and Y-o-Y Growth
4.5.2 Automotive Lighting Module Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Halogen Lighting
5.2.2 HID Lighting
5.2.3 LED Lighting
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Passenger Vehicle
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Lighting Module 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 Lighting Module 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Halogen Lighting
9.6.2 HID Lighting
9.6.3 LED Lighting
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 Market Size Forecast by Applications
9.10.1 Passenger Vehicle
9.10.2 Commercial Vehicle
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Halogen Lighting
10.6.2 HID Lighting
10.6.3 LED Lighting
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 Market Size Forecast by Applications
10.10.1 Passenger Vehicle
10.10.2 Commercial Vehicle
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Halogen Lighting
11.6.2 HID Lighting
11.6.3 LED Lighting
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 Market Size Forecast by Applications
11.10.1 Passenger Vehicle
11.10.2 Commercial Vehicle
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Halogen Lighting
12.6.2 HID Lighting
12.6.3 LED Lighting
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 Market Size Forecast by Applications
12.10.1 Passenger Vehicle
12.10.2 Commercial Vehicle
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Halogen Lighting
13.6.2 HID Lighting
13.6.3 LED Lighting
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) Market Size Forecast by Applications
13.10.1 Passenger Vehicle
13.10.2 Commercial Vehicle
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 Lighting Module Market: Competitive Dashboard
14.2 Global Automotive Lighting Module Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Koito
14.3.2 Magneti Marelli
14.3.3 Valeo
14.3.4 Hella
14.3.5 Stanley Electric
14.3.6 HASCO
14.3.7 ZKW Group
14.3.8 Varroc
14.3.9 SL Corporation
14.3.10 Xingyu
14.3.11 Hyundai IHL
14.3.12 TYC
14.3.13 DEPO
