Market Overview:
The global next-generation automotive lighting market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for advanced and innovative lighting solutions in passenger cars and commercial vehicles. Additionally, the increasing focus on vehicle safety and regulations mandating the use of advanced lighting systems are also contributing to the growth of this market. The next-generation automotive lighting market can be segmented on the basis of type into adaptive lighting, ambient lighting, communicable lighting, and flexible Lighting. The adaptive Lighting segment is expected to account for a major share of this market during the forecast period owing to its ability to improve visibility while driving in different weather conditions as well as its growing adoption in luxury cars. The ambient Lighting segment is projected grow at a high rate duringthe forecast period due its abilityto provide an aesthetic appealto vehiclesand enhance their interior ambiance .
Product Definition:
The definition of next-generation automotive lighting is lighting that is designed to be more efficient and effective than traditional automotive lighting. Next-generation automotive lighting can take a variety of forms, such as LED headlights, which are brighter and use less energy than traditional headlights. Other forms of next-generation automotive lighting include laser lights, which can improve visibility in bad weather conditions, and OLEDs (organic light emitting diodes), which are thinner and more flexible than traditional lightbulbs.
Next-generation automotive lighting is important because it can make driving safer and more efficient. LED headlights are brighter than traditional headlights, making them ideal for driving in low light conditions. Laser lights can improve visibility in bad weather conditions by projecting a higher level of illumination further down the road.
Adaptive Lighting:
The global adaptive lighting market size was valued at USD 6.5 billion in 2016 and is expected to grow at a CAGR of XX% from 2017 to 2025, owing to the increasing demand for enhanced driver safety and comfort as well as growing adoption of advanced automotive technologies such as connected cars, autonomous driving, and hybrid vehicles.
Ambient Lighting:
Ambient lighting is the ambient light that is produced naturally without any artificial lighting. It can be seen in a daytime with the naked eye. The amount of ambient light varies from place to place and depends on various factors such as weather conditions, time of day, season etc.
The Next-Generation Automotive Lighting market has witnessed tremendous growth over the past few years owing to increased demand for automobiles across all regions and growing awareness regarding safety & security at night along with comfort inside the vehicle.
Application Insights:
The passenger car segment led the market and accounted for more than 70.0% share of the global revenue in 2017. The growing importance of next-generation automotive lighting solutions, which offer enhanced visibility at night, is expected to drive product demand over the forecast period. Adaptive headlights are gaining popularity among consumers as they provide a safer driving experience by automatically adjusting the beam intensity based on the brightness of objects ahead, which helps in improving visibility while reducing glare.
Ambient lighting plays an important role in enhancing customer experience and building brand image through interior design elements such as instrument panel illumination or ambient lightings around LCD displays on infotainment systems or HVAC controls for providing better visibility during day time and at night time respectively thereby contributing to overall market growth over forecast period. Flexible lighting can be used not only for ambient applications but also communicable applications that illuminate specific areas within a vehicle cabin such as door latches or switches thus contributing to overall industry growth over forecast period.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The region is expected to continue its dominance over the forecast period owing to increasing investments by OEMs and a growing preference for advanced technologies such as Ambient Lighting, which provides better illumination at night. Europe accounted for a significant share of the global market in 2017 due to rising demand from countries, such as Germany and France. Moreover, stringent government regulations regarding vehicle lighting are also driving regional growth. Asia Pacific is projected to be one of the fastest-growing regions during the forecast period owing to rapid urbanization and increasing disposable income among consumers especially in China and India.
Growth Factors:
- Increasing demand for luxury and performance cars
- Rising disposable income of consumers in developing countries
- Stringent government regulations for vehicle safety standards
- Technological advancements in automotive lighting systems
- Growing popularity of LED lighting systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Next-Generation Automotive Lighting Market Research Report
By Type
Adaptive Lighting, Ambient Lighting, Communicable Lighting, Flexible Lighting
By Application
Passenger Car, Commercial Vehicle
By Companies
Magneti Marelli, Hella, Osram, Philips, Valeo, KOITO Manufacturing, Hyundai Mobis, Varroc Group, Magna International, Flex-N-Gate Corporation, Dräxlmaier Group, Sigma International, J.W. Speaker Corporation, Faurecia, LG Innotek, Stanley Electric
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
155
Number of Tables & Figures
109
Customization Available
Yes, the report can be customized as per your need.
Global Next-Generation Automotive Lighting Market Report Segments:
The global Next-Generation Automotive Lighting market is segmented on the basis of:
Types
Adaptive Lighting, Ambient Lighting, Communicable Lighting, Flexible 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 Car, 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:
- Magneti Marelli
- Hella
- Osram
- Philips
- Valeo
- KOITO Manufacturing
- Hyundai Mobis
- Varroc Group
- Magna International
- Flex-N-Gate Corporation
- Dräxlmaier Group
- Sigma International
- J.W. Speaker Corporation
- Faurecia
- LG Innotek
- Stanley Electric
Highlights of The Next-Generation Automotive 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:
- Adaptive Lighting
- Ambient Lighting
- Communicable Lighting
- Flexible Lighting
- By Application:
- Passenger Car
- 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 Next-Generation Automotive 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?
Next-generation automotive lighting is a type of lighting technology that uses LEDs to create a brighter, more efficient light.
Some of the major players in the next-generation automotive lighting market are Magneti Marelli, Hella, Osram, Philips, Valeo, KOITO Manufacturing, Hyundai Mobis, Varroc Group, Magna International, Flex-N-Gate Corporation, Dr¤xlmaier Group, Sigma International, J.W. Speaker Corporation, Faurecia, LG Innotek, Stanley Electric.
The next-generation automotive lighting market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Next-Generation Automotive 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 Next-Generation Automotive Lighting Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Next-Generation Automotive 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 Next-Generation Automotive 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 Next-Generation Automotive Lighting Market Size & Forecast, 2018-2028
4.5.1 Next-Generation Automotive Lighting Market Size and Y-o-Y Growth
4.5.2 Next-Generation Automotive Lighting Market Absolute $ Opportunity
Chapter 5 Global Next-Generation Automotive 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 Next-Generation Automotive Lighting Market Size Forecast by Type
5.2.1 Adaptive Lighting
5.2.2 Ambient Lighting
5.2.3 Communicable Lighting
5.2.4 Flexible Lighting
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Next-Generation Automotive 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 Next-Generation Automotive Lighting Market Size Forecast by Applications
6.2.1 Passenger Car
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Next-Generation Automotive 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 Next-Generation Automotive 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 Next-Generation Automotive Lighting Analysis and Forecast
9.1 Introduction
9.2 North America Next-Generation Automotive 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 Next-Generation Automotive Lighting Market Size Forecast by Type
9.6.1 Adaptive Lighting
9.6.2 Ambient Lighting
9.6.3 Communicable Lighting
9.6.4 Flexible 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 Next-Generation Automotive Lighting Market Size Forecast by Applications
9.10.1 Passenger Car
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 Next-Generation Automotive Lighting Analysis and Forecast
10.1 Introduction
10.2 Europe Next-Generation Automotive 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 Next-Generation Automotive Lighting Market Size Forecast by Type
10.6.1 Adaptive Lighting
10.6.2 Ambient Lighting
10.6.3 Communicable Lighting
10.6.4 Flexible 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 Next-Generation Automotive Lighting Market Size Forecast by Applications
10.10.1 Passenger Car
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 Next-Generation Automotive Lighting Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Next-Generation Automotive 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 Next-Generation Automotive Lighting Market Size Forecast by Type
11.6.1 Adaptive Lighting
11.6.2 Ambient Lighting
11.6.3 Communicable Lighting
11.6.4 Flexible 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 Next-Generation Automotive Lighting Market Size Forecast by Applications
11.10.1 Passenger Car
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 Next-Generation Automotive Lighting Analysis and Forecast
12.1 Introduction
12.2 Latin America Next-Generation Automotive 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 Next-Generation Automotive Lighting Market Size Forecast by Type
12.6.1 Adaptive Lighting
12.6.2 Ambient Lighting
12.6.3 Communicable Lighting
12.6.4 Flexible 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 Next-Generation Automotive Lighting Market Size Forecast by Applications
12.10.1 Passenger Car
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) Next-Generation Automotive Lighting Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Next-Generation Automotive 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) Next-Generation Automotive Lighting Market Size Forecast by Type
13.6.1 Adaptive Lighting
13.6.2 Ambient Lighting
13.6.3 Communicable Lighting
13.6.4 Flexible 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) Next-Generation Automotive Lighting Market Size Forecast by Applications
13.10.1 Passenger Car
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 Next-Generation Automotive Lighting Market: Competitive Dashboard
14.2 Global Next-Generation Automotive Lighting Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Magneti Marelli
14.3.2 Hella
14.3.3 Osram
14.3.4 Philips
14.3.5 Valeo
14.3.6 KOITO Manufacturing
14.3.7 Hyundai Mobis
14.3.8 Varroc Group
14.3.9 Magna International
14.3.10 Flex-N-Gate Corporation
14.3.11 Dräxlmaier Group
14.3.12 Sigma International
14.3.13 J.W. Speaker Corporation
14.3.14 Faurecia
14.3.15 LG Innotek
14.3.16 Stanley Electric
