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Automotive Lighting Market by Technology (Halogen, Xenon, LED), Vehicle type (Passenger and Commercial Vehicles) and Applications (Front, Rear, Side & Interior Lighting) - Global Opportunity Analysis and Industry Forecast, 2014 - 2020

AU_15646
Pages: 110
Jun 2015 | 5694 Views
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Author's : Nilesh Rajput
Tables: 45
Charts: 47
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Automotive Lighting Market Overview:

Automotive Lighting Market is expected to garner $33.7 billion by 2020. This is supported by a CAGR of 6.8% during the forecast period 20152020.

Lighting, being a vital component in automotive vehicles, plays an important role in automotive safety. Automotive vehicle consists of variety of lights to increase the visibility in darkness and bad weather conditions. Besides this, these lights also increase the conspicuity of the vehicle. The lighting system comprises of lighting and signaling devices. These lighting equipment are placed at different locations in the vehicle such as front, rear, top, and interiors. The lighting provides illumination for the driver. It helps other vehicle drivers and pedestrians on the road to detect the vehicle position, direction of movement and size, and drive the vehicle safely. Further, it also adds aesthetic looks to both the interior and the exterior parts of the vehicle.

The automotive lighting market size is witnessing a steady growth with the rise in the demand for automotive vehicles. Automotive vehicles, including passenger and commercial vehicles, require energy-efficient and cost-effective lighting systems to enable a safe driving experience. The growing population, increase in automotive production, and the rising concerns about vehicle safety triggered by the government regulations are driving the growth of the automotive lighting market.

Additionally, the increase in purchasing power of individuals is also creating more opportunities for the automotive lighting market growth.

Traditionally, halogen, being a low-cost and easily available technology, has been the majorly used lighting technology. Halogen was earlier a conventional choice for lighting in cars and other vehicles. However, with the advent of time, other lighting technologies became more prominent. Xenon and LED are the other prominent lighting technologies. Amongst, all the three technologies, LED would witness the highest growth during the forecast period. This can be attributed towards the discernible shift towards energy-efficient technology in lighting controls. LED lighting possesses high capabilities and flexibility for use in various automotive lighting applications. These also allow room for innovation with lighting techniques and designs, as LEDs are versatile and can be incorporated with other technologies. Many technological innovations and unique products are being created using LED lighting, to cater to a vast customer base. Presently, LED lights are installed mostly in high-end vehicles due to their relatively higher cost. However, the ongoing research to lower their cost, would create significant demand of these lights. The market forecast for automotive lighting looks promising in the given forecast period.

The automotive lighting market is segmented based on lighting applications, technology, product sale, vehicle types, and geography. On the basis of lighting applications, the market is segmented into front lighting, rear lighting, side lighting, and interior lighting. With respect to lighting technology, the market is segmented into halogen, xenon and LED. Based on vehicle type, the market is segmented into passenger vehicles and commercial vehicles. Based on product sale, the market is segmented into OEM products and aftermarket products. Geographically, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA.

The leading players included in the report are General Electric (GE), Magneti Marelli S.P.A, Koito Manufacturing Co. Ltd, Valeo, Hella KGaA Hueck & Co., Stanley Electric Co., Ltd., Ichikoh Industries Ltd., Osram GmbH, Zizala Lichtsysteme GmbH, and Koninklijke Philips N.

Potential Benefits for Stakeholders:

  • The study provides an in-depth analysis of the automotive lighting market share with current and future trends to elucidate the imminent investment pockets in the market.
  • Porter five force analysis highlights the potency of the suppliers and buyers along with a competitive scenario of the automotive lighting market, which would facilitate efficient strategic planning.
  • The value chain analysis of the industry provides a clear view of key intermediaries involved and elaborates their roles and value addition at every stage in the chain.
  • Quantitative analysis of the current automotive lighting industry and estimations through 20152020 would determine the financial potential of the automotive lighting market.
  • The report provides information regarding key drivers, restraints and opportunities with their impact analysis.

Automotive Lighting Market Size, Share and Industry Analysis, Trends

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Automotive Lighting Market Key Segments:

Market segmentation is illustrated below:

By Technology

  • Halogen

  • Xenon

  • LED

By Vehicle type

  • Passenger Vehicles

  • Commercial Vehicles

By Product Sale

  • Original Equipment Manufacturer Product (OEM Product)

  • Aftermarket Product

By Applications

  • Front Lighting

  • Rear Lighting

  • Side Lighting

  • Interior Lighting

By Geography

  • North America

  • Europe

  • Asia Pacific

  • LAMEA

 

Chapter: 1 INTRODUCTION

1.1 Report Description
1.2 Key Benefits
1.3 Key Market Segments
1.4 Research Methodology

1.4.1 Secondary Research
1.4.2 Primary Research
1.4.3 Analyst Tools and Models

Chapter: 2 EXECUTIVE SUMMARY

2.1 CXO Perspective
2.2 Market beyond: What to expect by 2025

2.2.1 Moderate Case Scenario
2.2.2 Rapid Case Scenario
2.2.3 Diminishing Case Scenario

Chapter: 3 MARKET OVERVIEW

3.1 Market Definition and Scope
3.2 Key Findings

3.2.1 Top Factors Impacting
3.2.2 Top Investment Pockets
3.2.3 Top Winning Strategies

3.3 PorterFive Forces Analysis

3.3.1 Bulk Requirement Along with Awareness of the Products Among Buyers Keeps Bargaining Power of the Suppliers At Moderate Level
3.3.2 High Prospects of Backward Integration Keeps Bargaining Power of Buyers at Higher Level
3.3.3 Low Threat of Substitutes
3.3.4 Growing Automotive Production and Easy Access to Distribution Channels Increases the Threat From New Entrants
3.3.5 Plenty Of Players in the Market Intensifies Competitive Rivalry

3.4 Value Chain Analysis
3.5 Market Share Analysis, 2014
3.6 Market Dynamics

3.6.1 Drivers

3.6.1.1 Growing Emphasis Towards Road Safety
3.6.1.2 Emerging Government Regulations
3.6.1.3 Growing Automobile Production

3.6.2 Restraints

3.6.2.1 High Cost of LED Lights

3.6.3 Opportunities

3.6.3.1 Rising Demand of Automotive in Developing Nations

Chapter: 4 GLOBAL AUTOMOTIVE LIGHTING MARKET BY TECHNOLOGY

4.1 Introduction

4.1.1 Market Size and Forecast

4.2 Halogen

4.2.1 Key Market Trends
4.2.2 Competitive Scenario
4.2.3 Key Growth Factors and Opportunities
4.2.4 Market Size and Forecast

4.3 Xenon

4.3.1 Key Market Trends
4.3.2 Competitive Scenario
4.3.3 Key Growth Factors and Opportunities
4.3.4 Market Size and Forecast

4.4 LED

4.4.1 Key Market Trends
4.4.2 Competitive Scenario
4.4.3 Key Growth Factors and Opportunities
4.4.4 Market Size and Forecast

Chapter: 5 GLOBAL AUTOMOTIVE LIGHTING MARKET BY VEHICLE TYPE

5.1 Introduction

5.1.1 Market Size and Forecast

5.2 Passenger Vehicles

5.2.1 Key Market Trends
5.2.2 Competitive Scenario
5.2.3 Key Growth Factors and Opportunities
5.2.4 Market Size and Forecast

5.3 Commercial Vehicles

5.3.1 Key Market Trends
5.3.2 Competitive Scenario
5.3.3 Key Growth Factors and Opportunities
5.3.4 Market Size and Forecast

Chapter: 6 GLOBAL AUTOMOTIVE LIGHTING MARKET BY APPLICATION

6.1 Introduction

6.1.1 Market Size and Forecast

6.2 Front/Headlamps

6.2.1 Market Size and Forecast

6.3 Rear Lighting

6.3.1 Market Size and Forecast

6.4 Side

6.4.1 Market Size and Forecast

6.5 Interior Lighting

6.5.1 Market Size and Forecast

Chapter: 5 GLOBAL AUTOMOTIVE LIGHTING MARKET BY PRODUCT SALE

5.1 Introduction

5.1.1 Market Size and Forecast

5.2 Original Equipment Manufacturer Products (OEM Product)

5.2.1 Key Market Trends
5.2.2 Competitive Scenario
5.2.3 Key Growth Factors and Opportunities
5.2.4 Market Size and Forecast

5.3 Aftermarket Products

5.3.1 Key Market Trends
5.3.2 Competitive Scenario
5.3.3 Key Growth Factors and Opportunities
5.3.4 Market Size and Forecast

Chapter: 7 GLOBAL AUTOMOTIVE LIGHTING MARKET BY GEOGRAPHY

7.1 North America

7.1.1 Key Market Trends
7.1.2 Competitive Scenario
7.1.3 Key Growth Factors and Opportunities
7.1.4 Market Size and Forecast

7.2 Europe

7.2.1 Key Market Trends
7.2.2 Competitive Scenario
7.2.3 Key Growth Factors and Opportunities
7.2.4 Market Size and Forecast

7.3 Asia Pacific

7.3.1 Key Market Trends
7.3.2 Competitive Scenario
7.3.3 Key Growth Factors and Opportunities
7.3.4 Market Size and Forecast

7.4 Latin America, Middle East and Africa (LAMEA)

7.4.1 Key Market Trends
7.4.2 Competitive Scenario
7.4.3 Key Growth Factors and Opportunities
7.4.4 Market Size and Forecast

Chapter: 8 COMPANY PROFILES

8.1 Ichikoh Industries Ltd.

8.1.1 Company Overview
8.1.2 Company Snapshot
8.1.3Business Performance
8.1.4Strategic Moves and Developments
8.1.5SWOT Analysis and Strategic Conclusion of Ichikoh Industries Ltd.

8.2 Magneti Marelli S.P.A.

8.2.1 Company Overview
8.2.2 Company Snapshot
8.2.3 Business Performance
8.2.4 Strategic Moves and Developments
8.2.5 SWOT Analysis and Strategic Conclusion of Magneti Marelli S. P. A.

8.3 Osram Licht AG

8.3.1 Company Overview
8.3.2 Company Snapshot
8.3.3 Business Performance
8.3.4 Strategic Moves and Developments
8.3.5 SWOT Analysis and Strategic Conclusion of Osram Licht AG

8.4 GE Lighting

8.4.1 Company Overview
8.4.2 Company Snapshot
8.4.3 Business Performance
8.4.4 Strategic Moves and Developments
8.4.5 SWOT Analysis and Strategic Conclusion of GE Lighting

8.5 Koito Manufacturing Co. Ltd.

8.5.1 Company Overview
8.5.2 Company Snapshot
8.5.3 Business Performance
8.5.4 Strategic Moves and Developments
8.5.5 SWOT Analysis and Strategic Conclusion of Koito Manufacturing Co. Ltd

8.6 Stanley Electric Co., Ltd.

8.6.1 Company Overview
8.6.2 Company Snapshot
8.6.3 Business Performance
8.6.4 Strategic Moves and Developments
8.6.5 SWOT Analysis and Strategic Conclusion of Stanley Electric Co., Ltd.

8.7 Hella KGaA Hueck & Co.

8.7.1 Company Overview
8.7.2 Company Snapshot
8.7.3 Business Performance
8.7.4 Strategic Moves and Developments
8.7.5 SWOT Analysis and Strategic Conclusion of Hella KGaA Hueck & Co.

8.8 Zizala Lichtsysteme GmbH

8.8.1 Company Overview
8.8.2 Company Snapshot
8.8.3 Strategic Moves and Developments
8.8.4 SWOT Analysis and Strategic Conclusion of Zizala Lichtsysteme GmbH

8.9 Koninklijke Philips N.V.

8.9.1 Company Overview
8.9.2 Company Snapshot
8.9.3 Business Performance
8.9.4 Strategic Moves and Developments
8.9.5 SWOT Analysis and Strategic Conclusion of Koninklijke Philips N.V.

8.10 Valeo

8.10.1 Company Overview
8.10.2 Company Snapshot
8.10.3 Business Performance
8.10.4 Strategic Moves and Developments
8.10.5 SWOT Analysis and Strategic Conclusion of Valeo

LIST OF FIGURES

FIG. 1 TOP IMPACTING FACTORS, MODERATE GROWTH SCENARIO (2020-2025)
FIG. 2 TOP IMPACTING FACTORS, RAPID GROWTH SCENARIO (2020-2025)
FIG. 3 TOP IMPACTING FACTORS, DIMINISHING GROWTH SCENARIO (2020-2025)
FIG. 4 TOP FACTORS IMPACTING GLOBAL AUTOMOTIVE LIGHTING MARKET
FIG. 5 TOP INVESTMENT POCKETS
FIG. 6 TOP WINNING STRATEGIES
FIG. 7 PORTERFIVE FORCES ANALYSIS
FIG. 8 VALUE CHAIN ANALYSIS
FIG. 9 MARKET SHARE ANALYSIS, 2014
FIG. 10 COMPARISON BETWEEN FILAMENT BULB AND XENON
FIG. 11 DIFFERENT LED LIGHTS IN CAR
FIG. 12 DIFFERENT LIGHTS IN VEHICLE
FIG. 13 DIFFERENCE OF LOW BEAM AND HIGH BEAM ILLUMINATION
FIG. 14 NET SALES GENERATED BY ICHIKOH INDUSTRIES LTD., 2011-2012, $MILLION
FIG. 15 NET SALES OF ICHIKOH INDUSTRIES LTD., BY BUSINESS SEGMENT, 2012
FIG. 16 NET SALES OF ICHIKOH INDUSTRIES LTD., BY GEOGRAPHY, 2012
FIG. 17 SWOT ANALYSIS OF ICHIKOH INDUSTRIES LTD.
FIG. 18 NET SALES GENERATED BY MAGNETI MARELLI S. P. A., 2012-2014, $MILLION
FIG. 19 SWOT ANALYSIS OF MAGNETI MARELLI S. P. A.
FIG. 20 REVENUE GENERATED BY OSRAM LICHT AG, 2013-2014, $MILLION
FIG. 21 REVENUE OF OSRAM LICHT AG BY BUSINESS SEGMENT, 2014
FIG. 22 REVENUE OF OSRAM LICHT AG BY GEOGRAPHY, 2014
FIG. 23 SWOT ANALYSIS OF OSRAM LICHT AG
FIG. 24 REVENUE GENERATED BY GE COMPANY, 2012-2014, $MILLION
FIG. 25 REVENUE OF GE COMPANY BY BUSINESS SEGMENT, 2014
FIG. 26 REVENUE OF GE COMPANY BY GEOGRAPHY, 2014
FIG. 27 SWOT ANALYSIS OF GE LIGHTING
FIG. 28 NET SALES GENERATED BY KOITO MANUFACTURING CO. LTD, 2012-2014, $MILLION
FIG. 29 NET SALES OF KOITO MANUFACTURING CO. LTD BY GEOGRAPHY, 2014
FIG. 30 SWOT ANALYSIS OF KOITO MANUFACTURING CO. LTD
FIG. 31 NET SALES GENERATED BY STANLEY ELECTRIC CO., LTD., 2012-2014, $MILLION
FIG. 32 NET SALES OF STANLEY ELECTRIC CO., LTD. BY BUSINESS SEGMENT, 2014
FIG. 33 NET SALES OF STANLEY ELECTRIC CO., LTD. BY GEOGRAPHY, 2014
FIG. 34 SWOT ANALYSIS OF STANLEY ELECTRIC CO., LTD.
FIG. 35 SALES GENERATED BY HELLA KGAA HUECK & CO., 2011/2012-2013/2014, $MILLION
FIG. 36 SALES OF HELLA KGAA HUECK & CO. BY BUSINESS SEGMENT, 2013/2014
FIG. 37 SALES OF HELLA KGAA HUECK & CO. BY GEOGRAPHY, 2013/2014
FIG. 38 SWOT ANALYSIS OF HELLA KGAA HUECK & CO.
FIG. 39 SWOT ANALYSIS OF ZIZALA LICHTSYSTEME GMBH
FIG. 40 SALES GENERATED BY KONINKLIJKE PHILIPS N.V., 2012-2014, $MILLION
FIG. 41 SALES OF KONINKLIJKE PHILIPS N.V. BY BUSINESS SEGMENT, 2014
FIG. 42 SALES OF KONINKLIJKE PHILIPS N.V. BY GEOGRAPHY, 2014
FIG. 43 SWOT ANALYSIS OF KONINKLIJKE PHILIPS N.V.
FIG. 44 REVENUE GENERATED BY VALEO, 2013-2014, $MILLION
FIG. 45 REVENUE OF VALEO BY BUSINESS SEGMENT, 2013
FIG. 46 REVENUE OF VALEO BY BUSINESS SEGMENT, 2013
FIG. 47 SWOT ANALYSIS OF VALEO

LIST OF TABLES

TABLE 1 GLOBAL AUTOMOTIVE LIGHTING MARKET REVENUE BY GEOGRAPHY, 2014-2020 ($MILLION)
TABLE 2 GLOBAL AUTOMOTIVE LIGHTING MARKET REVENUE MODERATE GROWTH SCENARIO, 2020-2025 ($MILLION)
TABLE 3 GLOBAL AUTOMOTIVE LIGHTING MARKET REVENUE RAPID GROWTH SCENARIO, 2020-2025 ($MILLION)
TABLE 4 GLOBAL AUTOMOTIVE LIGHTING MARKET REVENUE DIMINISHING GROWTH SCENARIO, 2020-2025 ($MILLION)
TABLE 5 GLOBAL AUTOMOTIVE LIGHTING MARKET REVENUE BY TECHNOLOGY, 2014-2020 ($MILLION)
TABLE 6 GLOBAL HALOGEN AUTOMOTIVE LIGHTING MARKET BY GEOGRAPHY, 2014-2020 ($MILLION)
TABLE 7 GLOBAL XENON AUTOMOTIVE LIGHTING MARKET BY GEOGRAPHY, 2014-2020 ($MILLION)
TABLE 8 GLOBAL LED AUTOMOTIVE LIGHTING MARKET BY GEOGRAPHY, 2014-2020 ($MILLION)
TABLE 9 GLOBAL AUTOMOTIVE LIGHTING MARKET REVENUE BY PRODUCT SALE, 2014-2020 ($MILLION)
TABLE 10 GLOBAL OEM AUTOMOTIVE LIGHTING PRODUCTS MARKET BY GEOGRAPHY, 2014-2020 ($MILLION)
TABLE 11 GLOBAL AFTERMARKET AUTOMOTIVE LIGHTING PRODUCTS MARKET BY GEOGRAPHY, 2014-2020 ($MILLION)
TABLE 12 GLOBAL AUTOMOTIVE LIGHTING MARKET BY VEHICLE TYPE , 2014-2020 ($MILLION)
TABLE 13 GLOBAL PASSENGER VEHICLES AUTOMOTIVE LIGHTING MARKET BY GEOGRAPHY, 2014-2020 ($MILLION)
TABLE 14 GLOBAL COMMERCIAL VEHICLES AUTOMOTIVE LIGHTING MARKET BY GEOGRAPHY, 2014-2020 ($MILLION)
TABLE 15 GLOBAL AUTOMOTIVE LIGHTING MARKET BY APPLICATIONS, 2014-2020 ($MILLION)
TABLE 16 GLOBAL FRONT/HEADLAMPS AUTOMOTIVE LIGHTING MARKET BY GEOGRAPHY, 2014-2020 ($MILLION)
TABLE 17 GLOBAL REAR LIGHTS AUTOMOTIVE LIGHTING MARKET BY GEOGRAPHY, 2014-2020 ($MILLION)
TABLE 18 GLOBAL SIDE LIGHTS AUTOMOTIVE LIGHTING MARKET BY GEOGRAPHY, 2014-2020 ($MILLION)
TABLE 19 GLOBAL INTERIOR LIGHTS AUTOMOTIVE LIGHTING MARKET BY GEOGRAPHY, 2014-2020 ($MILLION)
TABLE 20 NORTH AMERICAN AUTOMOTIVE LIGHTING MARKET BY APPLICATION, 2014-2020 ($MILLION)
TABLE 21 EUROPEAN AUTOMOTIVE LIGHTING MARKET BY APPLICATION, 2014-2020 ($MILLION)
TABLE 22 ASIA PACIFIC AUTOMOTIVE LIGHTING MARKET BY APPLICATION, 2014-2020 ($MILLION)
TABLE 23 LAMEA AUTOMOTIVE LIGHTING MARKET BY APPLICATION, 2014-2020 ($MILLION)
TABLE 24 ICHIKOH INDUSTRIES LTD. SNAPSHOT
TABLE 25 MAGNETI MARELLI S.P.A. SNAPSHOT
TABLE 26 OSRAM LICHT AG SNAPSHOT
TABLE 27 GE LIGHTING SNAPSHOT
TABLE 28 KOITO MANUFACTURING CO. LTD SNAPSHOT
TABLE 29 STANLEY ELECTRIC CO., LTD. SNAPSHOT
TABLE 30 HELLA KGAA HUECK & CO. SNAPSHOT
TABLE 31 ZIZALA LICHTSYSTEME GMBH SNAPSHOT
TABLE 32 KONINKLIJKE PHILIPS N.V. SNAPSHOT
TABLE 33 VALEO SNAPSHOT

 

The automotive lighting market is currently witnessing a steady growth due to the growing automotive production across the world. BRIC nations, which contribute a major share in the automotive production, have emerged as lucrative markets for automotive lighting industry. Growing population and increasing purchasing power are mainly contributing to the growth in these nations. Lighting system of vehicle comprises of two main categories: Exterior and Interior lights. Exterior lights are installed at different locations such as front, rear and lateral sides of vehicle and contributes the largest share in overall vehicle lighting market. Besides increasing aesthetics of the vehicle, these lights allow drivers and pedestrians to determine the vehicle’s presence, size and direction of vehicle’s movement. In terms of the market value, front lights was the largest market in 2014 and is expected to continue to lead the market by 2020 as well.

Traditionally, Halogen, being an easily available and low-cost lighting technology, has been the majorly used lighting technology. Due to its widespread adoption, Halogen technology holds the major market share presently. However, the on-going innovations in LED lighting technology to provide bright illumination and a compact size, is rapidly fuelling the demand of these lights. LED lights are used for a variety of functions such as low beam, high beam, turn signal, parking lights and day running light. Longer life is proving to be a major advantage of LED lights, thereby increasing their installation. Besides this, on-going research would benefit to save cost, which would induce the popularity of LED lighting devices for vehicles. Government regulations for reducing emission and improving energy efficiency would further support the growth of innovative technologies in the future. Between, the passenger and commercial vehicles, the passenger vehicle market would continue to maintain its leading position in terms of market value across the world. The demand for aesthetic looks is creating several opportunities for the attractive lighting applications mainly in passenger vehicles. 

Key players involved in automotive lighting industry are focusing on emerging countries such as Russia, India, and China to expand their business. Growing demand of vehicles in these countries is also encouraging these players. Magneti Marelli, one of the leading players in automotive lighting industry, has been striving hard to improve its presence with the expansion of production capacity in these countries. Recently, the company has set up its new plants in China and India as a growth strategy in Asian region. Apart from expansion, the industry players are focusing on launching technologically advanced lighting solutions with greater attention on LED devices for the automotive vehicles.    

 

 

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