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2021

Automotive Intelligent Lighting System Market

Automotive Intelligent Lighting System Market Size, Share, Competitive Landscape and Trend Analysis Report by Technology, Vehicle Type, Product Type and Sales Channel : Global Opportunity Analysis and Industry Forecast, 2021-2030

AT : Automotive systems and accessories

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Author's: Prateek Yadav | Lalit Janardhan Katare
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Automotive Intelligent Lighting System Market Statistics 2030 -

The global automotive intelligent lighting system market was valued at $3,652.4 million in 2020, and is projected to reach $9,254.5 million by 2030, registering a CAGR of 9.8% from 2021 to 2030.

Automotive intelligent lighting system refers to two types of automotive lighting products such as the adaptive headlight and intelligent ambient lighting. The intelligent lighting system acclimates the vehicle lights to suit the light, weather, and road circumstances to increase perceptual safety and relieves driver stress. In addition, the adaptive headlamps are the intelligent headlamps that can automatically adjust to suit the driving situation. High Beam Assist helps to avoid dazzling oncoming drivers. Active curve lights pivot the headlamps into the bend, improving road illumination. Whereas, intelligent ambient lighting are intelligent interior lights mounted around the cabin to enhance the design and visibility within the car for both driver and passenger. In addition, the intelligent ambient lighting systems help in giving drivers a sense of orientation and free space in an uptight cabin as well as these lights can automatically adjust the brightness of lights according the surrounding light.  

Automotive-Intelligent-Lighting-System-Market-2021-2030

The spread of the COVID-19 pandemic has negatively impacted the global automotive intelligent lighting system market, owing to commute restrictions and expected weak financial performance of the market players in 2020. The economic impact of the pandemic is visible with organizations preparing strategic cost-saving plans. Organizations with vehicle assets are considering sale and leaseback options to improve cash flow. The major risk factors of the automotive intelligent lighting system market participants are supply chain execution, regulatory & policy changes, dependency on labor, working capital management, and liquidity & solvency management. Automotive intelligent lighting system is a high-end technological solution dealing with intense capital investment for the end users. The sale of intelligent lighting system is directly associated with automotive production and sales activities across the globe. The demand for automobiles experienced a decline in all parts of the world, owing to surge in quarantine measures and increase in COVID-19 cases across the world. 

Although the automotive market has struggled due to the pandemic, the automotive intelligent lighting system market has the high scope of growing opportunities in future due to factors such as rise in demand in autonomous and semi-autonomous vehicles, technological advancement in automotive lighting, and rise in need for automobile safety features from consumer-end. Moreover, despite the decrease in sales of number of luxury cars in 2020, the automotive intelligent lighting system market is expected to recover due to continuous development and high competitiveness among the players for autonomous driving technology. For instance, leading automotive companies such as Toyota Motor and Ford Motor has claimed the top two positions on the list of most competitive firms in terms of patents related to autonomous driving technology. In addition, the both companies have overtaken Waymo, the autonomous car company owned by Alphabet in the global race to develop self-driving technology as indicated by new patent data.
Also, increase in demand for autonomous and semi-autonomous vehicles, technological advancements in automotive lighting, surge in production and sales of electric cars globally, development in urbanization leading to growth of automotive industry and expansion of auto-manufactures into emerging markets are some factors that likely to boost the growth of the automotive intelligent lighting system market in the near future.

Automotive Intelligent Lighting System Market
By Technology
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LED segment is projected as the most lucrative segment

The automotive intelligent lighting system market is segmented into technology, vehicle type, product type, sales channel, and region. By technology, the global market is divided into halogen, LED, and Xenon. By vehicle type, it is bifurcated into passenger vehicle and commercial vehicle. By product type, it is classified into adaptive headlight and intelligent ambient lighting. By sales channel, the global market is segmented into OEM and aftermarket. By region, the global market has been analyzed across North America, Europe, Asia-Pacific, and LAMEA. 

Automotive Intelligent Lighting System Market
By Vehicle Type
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Passenger Vehicle segment is projected as the most lucrative segment

The key players analyzed in the automotive intelligent lighting system market include Continental AG, DE Amertek Corporation, Hella GmbH & Co. KGaA, Hyundai Mobis Co., Ltd., Johnson Electric Holdings Limited, J.W. Speaker Corporation, Marelli Holdings Co., Ltd., Robert Bosch GmbH, Stanley Electric Co., Ltd. and Valeo.

Automotive Intelligent Lighting System Market
By Product Type
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Intelligent Ambient Lighting segment is projected as the most lucrative segment

Adoption of Advanced Driver Assistance System

Automotive intelligent lighting is a part of advanced driver assistance system which changes the vehicle lighting pattern during a drive on a turning road to compensate for the road curvature and enhance the night visibility. In addition, in bad weather conditions, the intelligent lighting of ADAS plays a vital role as it provides enhanced visibility while driving in bad visibility conditions. Moreover, factors such as adoption autonomous and semi-autonomous vehicles, high demand for safety features, and increased requirement for comfort drives the growth of advanced driver assistance system that directly compliments the growth of automotive intelligent lighting system market. 

Automotive Intelligent Lighting System Market
By Sales Channel
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OEM segment is projected as the most lucrative segment

Rise in Concern toward Road Safety

The demand for safety features along with intelligent lighting system has increased due to surge in number of road accidents around the world. Vehicles with adaptive and intelligent lightings can detect threats on the path; thereby, allowing the vehicle driver to take appropriate required actions. Rise in concern regarding road accidents globally, fuels the demand for better safety features in vehicles eventually leading to incorporation of intelligent lighting systems, which supports the growth of the market. Intelligent lights are primarily installed to enhance the visibility in curve roads and improve the vehicles conspicuity in critical conditions. Further, As per World Health Organization’s published data in June 2021, nearly 1.3 million people die in road traffic accidents each year that comprises a significant portion owing to improper lighting system in vehicle. These factors boost the demand for adaptive and intelligent lighting system in vehicles. Therefore, increase in concern toward road safety drives the growth of the automotive intelligent lighting system market.

Automotive Intelligent Lighting System Market
By Region
2030
Europe 
North America
Asia-Pacific
LAMEA

Asia-Pacific would exhibit the highest CAGR of 12.9% during 2021-2030.

Key Benefits For Stakeholders

  • This study presents analytical depiction of the automotive intelligent lighting system market analysis along with the current trends and future estimations to depict the imminent investment pockets.
  • The overall market potential is determined to understand the profitable trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and opportunities of the market with a detailed impact analysis.
  • The current automotive intelligent lighting system market size is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the automotive intelligent lighting system industry.

Automotive Intelligent Lighting System Market Report Highlights

Aspects Details
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By TECHNOLOGY
  • Halogen
  • LED
  • Xenon
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By VEHICLE TYPE
  • Passenger Vehicle
  • Commercial Vehicle
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By Product Type
  • Adaptive Headlight
  • Intelligent Ambient Lighting
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By SALES CHANNEL
  • OEM
  • Aftermarket
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (UK, Germany, France, Italy, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
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Key Market Players

HYUNDAI MOBIS CO., LTD., DE AMERTEK CORPORATION, VALEO, J.W. Speaker Corporation, MARELLI HOLDINGS CO., LTD, CONTINENTAL AG, STANLEY ELECTRIC CO., LTD., ROBERT BOSCH GMBH, JOHNSON ELECTRIC HOLDINGS LIMITED, HELLA GmbH & Co. KGaA

Analyst Review

The automotive intelligent lighting system market is expected to witness significant growth, owing to adoption of intelligent lighting system in modern vehicles to provide greater visibility. The market in countries, such as the UAE, China, Russia, the UK, France, Japan, Germany, and rest of Asia-Pacific and Europe is projected to report a significant growth rate as compared to the developed regions such as North America. This is attributed to rise in demand for luxury vehicles, adoption of autonomous and semi-autonomous vehicles, and advancements in technology in automotive lighting market in Asia-pacific and Europe.

Numerous developments have been carried out by companies, such as Hyundai Mobis Co., Ltd., Valeo, and others, which have supplemented the growth of the automotive intelligent lighting system market. For instance, Hyundai Mobis Developed the advanced adaptive driving beam linked to advanced driver assistance system. Further, the newly developed adaptive lighting system prevent the glare on the driver of the car in front by blocking only the light beaming on the car in front while enabling driving with high beams on all the time.

Market participants are involved in the development of the online sales channel for aftermarket automotive intelligent lighting products by introducing the own E-commerce platforms or introducing products through the third-party e-commerce service providers. Changes in consumer buying behavior pattern and rise in penetration of e-commerce industry is expected to create a significant opportunity on the online platforms. The impacts of COVID-19 significantly affected the automotive intelligent lighting system market in 2020. Furthermore, the market witnessed negative growth or significant downfall in 2020. However, this situation is expected to improve as government has started relaxing norms around the world for resuming business activities.

Adoption of advanced driver assistance system (ADAS) and rise in concern towards road safety are expected to foster the market growth. Moreover, high cost of the adaptive and intelligent headlamps and unorganized aftermarket services are the factors that may hamper the growth of the automotive intelligent lighting system market. However, the rise in demand for premium vehicles, increase in demand for advanced technology in vehicle, and adoption of autonomous vehicles are the factors expected to create higher growth opportunities for automotive intelligent lighting system market across the globe during the forecast period.

Author Name(s) : Prateek Yadav | Lalit Janardhan Katare
Frequently Asked Questions?

The global automotive intelligent lighting system market was valued at $3.62 billion in 2020, and is projected to reach $9.25 billion by 2030, registering a CAGR of 9.8% from 2021 to 2030.

Adoption of advanced driver assistance system with the inetgration advenace technology is foreseen to reinforce the automotive intelligent lighting system market growth.

The sample for global automotive intelligent lighting system market report can be obtained on demand from the AMR website. Also, the 24*7 chat support and direct call services are provided to procure the sample report.

Continuous developments in the area of autonomous vehicle by leading companies is foreseen to unlock new growth endevours for automotive intelligent lighting system market

The automotive intelligent lighting system market has witnessed significant growth in pasr few years. However, Increase Integration of advanced technology in vehicle is bolstering the demand for automotive intelligent lighting systems.

The company profiles of the top market players of automotive intelligent lighting system market can be obtained from the company profile section mentioned in the report. This section includes analysis of top ten player’s operating in the automotive intelligent lighting system market.

Hella GmbH & Co. KGaA, Marelli Holdings Co., Ltd., J.W. Speaker Corporation ar some of the prominent players holding the considerable chunk of the market share pie

Europe region is leading the market presently in terms of revenue and foreseen to grow considerably over the forecast period.

Factor such as rising concern towards road safety is fueling the growth of the automotive intelligent lighting system market. However, High cost & configuration complexity can hinder the growth of the market.

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Automotive Intelligent Lighting System Market

Global Opportunity Analysis and Industry Forecast, 2021-2030