On-Highway Vehicle Lighting Market Size - Global Industry, Share, Analysis, Trends and Forecast 2024 - 2032
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The Global On-Highway Vehicle Lighting Market Size accounted for USD 28.6 Billion in 2023 and is estimated to achieve a market size of USD 45.8 Billion by 2032 growing at a CAGR of 5.4% from 2024 to 2032.
On-Highway Vehicle Lighting Market Highlights
- Global on-highway vehicle lighting market revenue is poised to garner USD 45.8 billion by 2032 with a CAGR of 5.4% from 2024 to 2032
- Asia-Pacific on-highway vehicle lighting market value occupied around USD 14 billion in 2023
- Asia-Pacific on-highway vehicle lighting market growth will record a CAGR of more than 6.3% from 2024 to 2032
- Among product, the LED generator sub-segment generated more than USD 11.7 billion revenue in 2023
- Based on application, the headlights sub-segment generated around 61% market on-highway vehicle lighting share in 2023
- Expansion in emerging markets with rising automotive sales is a popular on-highway vehicle lighting market trend that fuels the industry demand
On-highway vehicle illumination refers to lighting systems built for vehicles that travel on public roads and highways. This includes the headlights, taillights, brake lights, turn signals, and auxiliary illumination. These devices are crucial for maintaining vision and safety when driving, especially at night or in inclement weather. Vehicle illumination on highways must adhere to tight standards in order to prevent accidents and protect other road users from being dazzled by excessively bright lights. Advances in technology, such as LED lighting, have increased the efficiency, brightness, and durability of car lighting systems, hence improving road safety while lowering energy usage. These lighting systems are commonly employed in passenger cars, lorries, buses, and other highway-capable vehicles.
Global On-Highway Vehicle Lighting Market Dynamics
Market Drivers
- Rising demand for advanced safety features in vehicles
- Increasing vehicle production and sales globally
- Stringent government regulations on road safety and lighting standards
- Growing adoption of LED and energy-efficient lighting solutions
Market Restraints
- High initial cost of advanced lighting technologies
- Fluctuating raw material prices impacting production costs
- Limited adoption of advanced lighting in low-budget vehicles
Market Opportunities
- Development of smart and adaptive lighting systems
- Growing electric vehicle market driving lighting innovation
- Increasing demand for autonomous vehicles requiring advanced lighting
On-Highway Vehicle Lighting Market Report Coverage
Market |
On-Highway Vehicle Lighting Market |
On-Highway Vehicle Lighting Market Size 2023 |
USD 28.6 Billion |
On-Highway Vehicle Lighting Market Forecast 2032 |
USD 45.8 Billion |
On-Highway Vehicle Lighting Market CAGR During 2024 - 2032 |
5.4% |
On-Highway Vehicle Lighting Market Analysis Period |
2020 - 2032 |
On-Highway Vehicle Lighting Market Base Year |
2023 |
On-Highway Vehicle Lighting Market Forecast Data |
2024 - 2032 |
Segments Covered |
By Product, By Vehicle Type, By Application, and By Geography |
Regional Scope |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Key Companies Profiled |
Spyder Auto, Marelli Automotive Lighting, TYC Genera, Maxxima, Zizala Lichtsysteme GmbH (LG Electronics), KOITO MANUFACTURING CO., LTD., Valeo, Koninklijke Philips N.V., Optronics International LLC., and SG Automotive. |
Report Coverage |
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Covid-19 Analysis, Regulation Analysis |
On-Highway Vehicle Lighting Market Insights
The market is driven by developing car generation crosswise over different developed and developing region, explicitly in rising economies, for example, China, India, and Mexico. Besides, improvement in car lighting innovation, guaranteeing enhanced energy proficiency and upgraded road safety, would likewise goad the market development.
Government regulations for enhanced deceivability and expanding penetration of energy-efficient light sources have supported the market development. Expanding selection of LED lights and developing accentuation on technological innovations are evaluated drive the market further. Vehicle makers are progressively selection energy proficient and further developed lighting innovations, for example, LASER and Light-Emitting Diode (LED).
Aside from vehicle insides, LEDs discover applications as headlamps and back lights. Driven lights have developed as eco-accommodating, energy productive lighting arrangements. Driven advances spare about 90% power when contrasted with incandescent lights. This is relied upon to result in an expanded appropriation of LED lights in low-and mid-run vehicles, which involve the biggest offer of the general vehicles produced over the globe. In addition, its expanding application in encompassing lighting frameworks in traveller autos is likewise one of the key explanations for the exponential development of the on-highway vehicle lighting market.
Automakers are concentrating on introducing energy proficient lights in vehicles because of government directions with respect to expanding the eco-friendliness. A few nations over the globe are setting up directions for energy proficient vehicles to diminish CO2 outflows. According to the European Commission's control, the car makers are constrained to take viable measures to diminish CO2 emanations from the vehicles. In this way, car makers are turning towards eco-accommodating LED advances because of its high energy proficiency and decreased CO2 emissions.
On-Highway Vehicle Lighting Market Segmentation
The worldwide market for on-highway vehicle lighting is split based on product, vehicle type, application, and geography.
On-Highway Vehicle Lighting Market By Products
- Halogen
- High Intensity Discharge (HID)
- LED
- LASER
- Incandescent
According to on-highway vehicle lighting industry analysis, light emitting diode (LED) lighting has the biggest market share due to its higher performance and efficiency when compared to other varieties. LEDs provide better illumination, a longer lifespan, and lower energy usage, making them perfect for automotive applications. Their endurance and vibration resistance make them even more reliable on the road. Furthermore, LED lights produce less heat, which reduces the risk of overheating and improves environmental sustainability. LED lights are getting more economical as technology advances, resulting in widespread deployment in commercial and passenger cars. Regulatory regulations stressing energy efficiency and safety contribute to LED lighting's commercial domination, as it improves visibility and reduces accidents.
On-Highway Vehicle Lighting Market By Vehicle Types
- Passenger Car
- Motorcycle
- Buses
- Light Trucks (Class 1-3)
- Heavy Truck (Class 7-8)
- Medium Truck (Class 4-6)
Passenger cars have emerged as the market leader in on-highway vehicle lighting market, owing largely to expanding worldwide car ownership and consumer demands for sophisticated safety features. The demand for efficient, high-performance lighting systems in passenger vehicles is increasing as cities grow and personal mobility becomes more prevalent. Automotive manufacturers are implementing modern lighting technology, such as LEDs and adaptive headlights, to improve visibility, safety, and aesthetics. Furthermore, rules requiring enhanced car illumination for increased road safety encourage manufacturers to develop in this market. The popularity of electric and hybrid passenger cars drives up demand for energy-efficient lighting systems, cementing passenger cars' dominance in the industry.
On-Highway Vehicle Lighting Market By Applications
- External Lights
- Headlights
- Interior Lights
Headlights are the dominant category in the on-highway vehicle lighting market, accounting for a sizable portion of the total market share. These lights are crucial for maintaining clear vision on the road, especially at night or in inclement weather, making them indispensable for drivers. The use of new technologies, such as LED and adaptive headlights, has changed this market by providing brighter, more energy-efficient options. Furthermore, the rise of new designs that improve car looks has driven up demand. As road safety and visibility laws tighten, automakers are investing extensively in developing headlight systems to ensure they fulfill demanding criteria while providing optimal performance, increasing the segment's market domination.
On-Highway Vehicle Lighting Market Regional Outlook
North America
- U.S.
- Canada
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- India
- Japan
- China
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of LATAM
The Middle East & Africa
- South Africa
- GCC Countries
- Rest of the Middle East & Africa (ME&A)
On-Highway Vehicle Lighting Market Regional Analysis
Asia-Pacific is relied upon to be the predominant regional industry over the on-highway vehicle lighting market forecast period attributable to the quickly developing automotive sector. Additionally, stringent controls by neighborhood governments with respect to the utilization of energy productive lighting sources are likewise prone to open up new development open doors for the companies. For example, the Indian government has commanded the utilization of Daytime Running Lamps (DRLs) and Automatic Headlamp on (AHO) for bikes, which thusly will quicken the Asia Pacific on-highway vehicle lighting market development.
Asia-Pacific was the biggest local market in 2023 inferable from rising economies, for example, for example, China, India, and South Korea, putting intensely in automotive manufacturing. The Europe region is relied upon to enlist the second-most noteworthy CAGR because of stringent government directions and law authorizations relating to the utilization of energy productive light sources in autos. The North America locale is additionally liable to have an extensive development because of developing spotlight on expanding street wellbeing is inciting the car OEMs to utilize forefront lighting innovations.
On-Highway Vehicle Lighting Market Players
Some of the top on-highway vehicle lighting companies offered in our report includes Spyder Auto, Marelli Automotive Lighting, TYC Genera, Maxxima, Zizala Lichtsysteme GmbH (LG Electronics), KOITO MANUFACTURING CO., LTD., Valeo, Koninklijke Philips N.V., Optronics International LLC., and SG Automotive.