The Global Automotive Lighting Market is expected to decline ~22% YOY in 2020 by volume and ~14% YOY by value due to growing penetration of LEDs. Key contents of the Global Automotive Lighting Market report include
- Market size & Forecast segmented by region, technology type, application
- Technology trends in Automotive Lighting Market, average B-2-B margin by region
- COVID-19 impact on Automotive Lighting Market
- Key features in high demand
- Details on ADAS based Automotive lighting
- Competitive landscape, market share and growth strategy of leading vendors
KEY FINDINGS
- Rapid growth in LED adoption is driving Automotive lighting Dollar content per vehicle. Global rear LED penetration in Q1-2020 was 66%, which is more than 4X increase from ~12% in 2014
- SUVs accounted for 36% of new car sales in 2019, up from 22% in 2014. As SUVs are higher priced, better equipped, high margin vehicles for many OEMs, the LED headlight fitment has been growing at the fastest rate
- In China, 1,800+ car models are available for sale, which is 6X compared to US and 4X compared to Europe. Less than 20% of top-selling vehicles now get a halogen projector. HID projectors are now being fast replaced by LED- reflector/ LED projector/LED compact projection module-based setup
- In Europe, entry level A and B segment hatchbacks which account for more than 30% share in new car sales get halogen reflector setup on many models, but now they are gradually shifting to low cost LED headlights
- Japan based Koito is the #1 auto lighting supplier, globally. It reported an increase in earnings through Q3-2019 in China due to increase in LED penetration despite ~8% decline in auto production
- Lumax and Fiem Industries, both based in India are the leading players in motorcycle LED headlight market. Lumax is also the market leader in India in the passenger car segment with more than 60% market share
Download sample- https://bit.ly/Autlight
GLOBAL AUTOMOTIVE LIGHTING MARKET TRENDS
- in the mass market segment, halogen headlights are now replaced with single beam LED headlights and the higher segment cars are upgrading to multi-beam LED headlights from single/bi-beam.
- In U.S. Halogen reflector lamps are mostly used in lower variant models for high-beam application. LED reflector and Bi-LED projectors are becoming a common fitment on top selling SUVs and Pickups
- In Japan, top 30 selling vehicles which account for 44% share of new car sales are provided with LED (DRLs) as standard and 90% vehicles get LED fog lights as standard.
- LED headlights have gained momentum in past 5 years due to blistering growth (41% CAGR) of battery electric and plug in hybrid vehicles (sold 2.1 million units in 2019), where they are helpful in reducing overall energy consumption
- The HID projector headlamp segment has been on a declining trend in 2016-2019 and by 2025, it will account for less than 3% share of the global automotive projector headlamps market
Download sample- https://bit.ly/Autlight
COMPANY PROFILES
- Stanley Electric Co.Ltd
- Hyundai Mobis Co., Ltd
- Varroc Group
- Minda Industries Ltd
- Lumax Industries
- Fiem Industries
- Truck-Lite (Rigid Industries)
- Valeo
- Magnetti Marelli S.p.A( now acquired by Calsonic Kansei)
- HELLA KGaA Hueck & Co
- ZKW Group
- OSRAM GmbH
- Koito Co, Letd
THIS REPORT WILL ANSWER FOLLOWING QUESTIONS
- Automotive Lighting Market size and Forecast (Units and $Million), by region, by application
- Average B-2-B pricing for Automotive Lighting Market, by region, by position, by OEM, by vehicle type
- Technology trends and related opportunity for new Automotive Lighting component suppliers
- OE-supplier alignment
- Market share of leading vendors, by region,
- Coronavirus impact on Automotive Lighting Market earnings
Media Contact
Company Name: Mobility Foresights
Contact Person: Kunal Roy
Email: Send Email
Phone: +1-315-675-4056
Address:P3 & P4, HAL 3rd Stage 204,56/2
City: Bangalore
State: Karnataka
Country: India
Website: https://mobilityforesights.com/
