Automotive Lighting Market

The Automotive Lighting market is projected to grow from an estimated USD 22.5 billion in 2023 to reach USD 30.4 billion by 2030 at a CAGR of 4.4% during the forecast period. The Automotive Lighting market will witness rapid growth owing to the continuous advancement in LED technologies and the rising adoption of these advanced lighting technologies in mid-range and high-end vehicles. Leading lighting manufacturers are highly focused on launching advanced products with innovative technologies, which will serve the rising demand from end users. Increasing awareness about on-road safety and demand for proper vehicle lighting, which improves the vehicle's aesthetic appeal, is fueling the demand for automotive lighting.

The Automotive Lighting market is highly competitive.

These companies are focused on developing innovative lighting products, engaging in strategic partnerships and collaboration with automotive OEMs, adopting expansion strategies, and undertaking.

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Koito Manufacturing Co., Ltd. (Japan):

Koito Manufacturing Co., Ltd. is engaged in the manufacturing and marketing of automotive lighting equipment. The company offers LED headlamps, discharge lamps, halogen lamps, rear combination lamps, side turn signal lamps, fog lamps, auxiliary lights, discharge headlamp systems, signaling lamps, and other lighting products under its automotive lighting and accessories business. The company uses energy-efficient and long-lasting LED light sources in their latest headlamps, and rear combination lamps, which are available for four-wheelers as well as two-wheelers. The company invests heavily in R&D to create advanced technology solutions for automotive lighting and accessories. This investment secures the company’s position as a leader in providing innovative technology and products that generate long-term value, achieved through a wide range of new products & solutions. For instance,  In 2023, Koito Manufacturing Co., Ltd. and DENSO Corporation announced a collaboration to improve the safety of autonomous vehicles during night driving.

Magnetic Marelli (Italy):

Magnetic Marelli is a leading developer and manufacturer of advanced automotive components and hi-tech systems. The company provides headlamp technologies under its automotive lighting segment. The company uses xenon or LED technology for the development of specific lighting functions such as AFS (Adaptive Front Lighting System), IR-System (Infrared System), and DRS (Daytime Running Light). The company is committed to delivering a synergistic blend of quality, competitiveness, technological advancement, and adaptability. Their mission is to democratize access to key automotive technologies at accessible prices, driven by a continuous focus on electronic innovation for intelligent mobility solutions that enhance safety, sustainability, and onboard comfort. In Nov 2023, Marelli developed the BMW M4 CSL’s rear lamps with the racetrack-inspired design concept. The laser wire technology in the rear lamps provides a style of thin light lines. In March 2023, Marelli announced the development of rear lamps for the BMW i7.

HELLA GmbH & Co. KGaA (Germany):

HELLA GmbH & Co. KGaA manufactures lighting technologies, electronics components, and systems for the automobile sector. The company offers automotive lighting for passenger cars, including Headlamps, Fog lamps, Auxiliary Lamps, Work lamps, Rear lamps, and Daytime running lights. The company specializes in providing innovative lighting systems and vehicle electronics. Its strategic focus on R&D helps expand and improve its product base and offers new and innovative products that meet customer expectations. In Nov 2023, HELLA launched its new HELLA Value Fit BLADE auxiliary headlamp series primarily for trucks and off-road vehicles. Also, the company showcased its sustainable and powerful headlamps for the new Marcopolo G8 series at Busworld 2023. The company highly focuses on partnerships, expansions, and acquisitions to strengthen its market presence. In April 2023, HELLA started the NALYSES research project with BMW Group, Covestro, geba, Miele, the Heinz Nixdorf Institute of the University of Paderborn, the Fraunhofer Institute for Mechatronic Systems Design IEM, and the Hamm-Lippstadt University of Applied Sciences. This project was incorporated with the development of future generations of headlamps.

Related Reports:

Automotive Lighting Market for ICE & Electric Vehicle by Technology (Halogen, LED, Xenon), Position and Application (Front, Rear, Side, Interior), Adaptive Lighting, Electric Vehicle, Two-Wheeler Position Type and Region - Global Forecast to 2030

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