The Global Automotive Lighting Market size is projected to grow from USD 27.0 billion in 2020 to USD 34.9 billion in 2025, at a CAGR of 5.3%.
Increasing consumer disposable income and rising vehicle sales are providing a surge to the demand for automotive lighting across the globe. Moreover, recent innovations aimed at the development of technologies, such as matrix LED, have prompted the requirement for adaptive lighting. The trend of using adaptive headlights in all premium sedans and SUVs across the globe is further propelling the growth of the market. An increase in the usage of aesthetically appealing headlights with an advanced adaptive feature is an upcoming trend in the market.
Advancements in the LED headlight technologies and regulations on the headlights by various governing agencies such as NHTSA (The National Highway Traffic Safety Administration) has resulted in the growth of LED light technology in the market. Advancements in the adaptive headlights, including automatic on/off, auto high beam, cornering lights, and headlight leveling are enhancing the customer experience.
The key players automotive lighting market are Hella (Germany), Marelli (Italy), Osram (Germany), Valeo (France), Continental (Germany), Philips (Netherlands), Bosch (Germany), Varroc (India), Hyundai Mobis (South Korea), Koito (Japan), Denso (Japan), North American Lighting (US), Renesas (Japan), Lumax (India), Aptiv (Netherlands), Grupo Antolin (Spain), Lear Corporation (US), Keboda (China), NXP (Netherlands), Gentex (US), FlexNGate (US), Federal-Mogul (US), Stanley Electric (Japan), Ichikoh (Japan) and Zizala (Austria).
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Hella is the leading player in the global automotive lighting market. It has a diverse portfolio and is one of the oldest players in the automotive headlight technology, established in 1899. The company specializes in products such as Xenon headlights, LED headlamps, adjustable headlamps, changing low beams, Xenon lamps, headlamp leveling system, daytime running lights, bend lighting, AFS headlamp, and control modules. The company is present across Europe, North America, Asia Pacific, and South America through its strong network.
- In June 2019, Hella revised its range of bulbs in line with its initiative of continually working on improving existing lighting systems. It reviewed its range of bulbs for cars, trucks, agricultural machinery, and two-wheelers.
- In August 2018, the company introduced intelligent lighting and electronics solutions for trucks, trailers, and busses at the IAA Commercial Vehicles in Hanover.
Magneti Marelli was established in 1919 and is a global leader in developing and manufacturing advanced automotive components. It has eight business areas, namely, automotive lighting, powertrains, suspension systems, shock absorbers, electronic systems, exhaust systems, aftermarket parts & services, and motorsport. It had around 44,000 employees and a sales turnover of USD 9.3 billion as of 2017.
- In January 2019, Magneti Marelli announced plans to demonstrate its third generation Smart Corner at the North American International Auto Show (NAIAS) during AutoMobili-D in Detroit. Smart Corner integrates autonomous sensors into headlamps and tail lamps to provide automakers with the required functionality for autonomous driving while maintaining styling aesthetics and world-class lighting performance.