Automotive Auxiliary Lamps Market: Industry Analysis and Forecast 2021-2029: by Product Type, Technology, Vehicle Type, and Region

Automotive Auxiliary Lamps Market is anticipated to reach US$ 41.44 Bn. by 2029 from US$ 26 Bn. in 2021 at a CAGR of 6% during a forecast period. The auxiliary lighting system is linked to the fog lights and auxiliary driving lights. Auxiliary illumination is not used for automotive headlights since it is not permitted for use as a headlight. Automobile auxiliary lights are intended to increase visibility in adverse weather and at night. Auxiliary lights in automobiles are intended to give relatively long-range lighting in front of the vehicle, boosting view of distant objects or hazards. Auxiliary lights for automobiles are fitted above the bumper of a car or the grill of an off-road truck. Automobile auxiliary driving lamps are also put on the vehicle's roof or the bed-mounted roll bar at the top. AUTOMOTIVE AUXILIARY LAMPS MARKETTo know about the Research Methodology :- Request Free Sample Report

Automotive Auxiliary Lamps Market Dynamics

Population growth is a factor contributing to growing air pollution. Air pollution is being exacerbated by large-scale industrial and building industries. Air pollution causes fog and poor road vision. Poor vision, which happens when drivers are unable to see the road properly, is the leading cause of vehicle deaths. Improved visibility through vehicle illumination is crucial in such scenarios. These factors are expected to enhance the auxiliary lights market over the projected period. Automotive auxiliary lighting detects the vehicle's yaw and tilt rate, speed, weather condition, and steering wheel angle to provide the driver with ideal vision at night or in low-visibility conditions. The integration of night vision and adaptive lighting systems with auxiliary lighting is a notable development that is projected to boost the market for automotive auxiliary lamps over the forecast period. Increase in Road Traffic Collisions Will Drive the Automotive Auxiliary Lamps Market Car auxiliary lights are extremely useful in low-light locations or during poor weather since they increase the driver's sight on the road. Road accidents are a big problem all throughout the world, especially on routes with heavy traffic and terrible weather. The increased incidence of traffic collisions is driving the demand for auxiliary lighting and adaptive lighting systems. To identify things on the road and thereby avert accidents, adaptive and advanced lighting systems are progressively being implemented. According to the National Highway Traffic Safety Administration, human error causes 90% of accidents. Auxiliary lights in automobiles assist to solve the problem of poor vision, hence decreasing the accidents. Increased Young Population Demand for Sports Utility Vehicles to Supplement Global Market Military light utility vehicles, armoured utility vehicles, sport utility vehicles (SUVs), multi-utility vehicles, crossover utility vehicles, light equipment, tray utility vehicles, sports utility trucks, utility trucks or pickup trucks, and utility task vehicles are all examples of utility vehicles. The rising demand for these cars is a major driver of the automotive auxiliary lighting market. SUV sales are also increasing rapidly among the youthful population. The younger generation loves to modify their automobiles in order to give them a more athletic aspect. Auxiliary lamps/lights are among the adjustments. This is increasing the need for supplemental lighting.

Automotive Auxiliary Lamps Market Segmentation Analysis

LED Automotive Auxiliary Lamps' Low Maintenance and Cost Effectiveness to Increase Demand The global automobile auxiliary lighting market is segmented into LED, xenon, halogen, sealed beam conversion lamp, and modular lights. The LED sector is expected to hold 30.57% of the global automotive auxiliary light market in 2029. LED lighting are inexpensive and need little maintenance. During the projection period, the segment is estimated to grow at a CAGR of 5.98%. Smart Adaptive Lighting System Development Will Drive the Automotive Auxiliary Lamps Market In terms of technology, the adaptive lighting category held a significant proportion of the automotive auxiliary lights market in 2021, accounting for 50.67% of the total. During the forecast period, the segment is expected to continue its leadership position while growing at a rate of more than 3.0%. One of the automotive technical innovations aimed at improving driving safety is automatic adaptive headlights. These technologies provide autonomous road illumination without requiring the driver to intervene. Adaptive lighting systems are becoming increasingly intelligent. Several vehicle types activate auxiliary lights while turning at speeds of up to 70 km/h (sharp turns), turning at junctions, or parking. By Vehicle Type, Passenger automobiles have a far bigger market share than other types of vehicles. Passenger car utilisation is growing as the population's wealth and lifestyle increase. People prefer to drive their own vehicles rather than take public transit, which increases the demand for passenger automobiles and, consequently, the need for automotive lighting. As a result, passenger automobiles are estimated to account for half of the market for automotive auxiliary lighting. Germany, France, the United Kingdom, Italy, and Spain account for more than 75% of new passenger car registrations in Europe. Despite a drop in demand in 2020, China saw the greatest growth in passenger car sales between 2005 and 2020, increasing from 3.97 million to over 20 million. During this time period, leading original equipment manufacturers (OEMs) such as General Motors and Volkswagen saw excellent sales trends not only in China but in other Asian areas. China, Japan, Germany, India, and the United States are among the world's largest vehicle markets. These nations are home to several of the world's biggest automakers, including the world's largest manufacturers in 2020. In 2020, China remained the biggest market for passenger car sales. With about 20 million units sold, China remained the biggest market for passenger automobile sales in 2020. According to the source, passenger vehicles are automobiles with at least four wheels that are designed to transport passengers and have no more than eight seats in addition to the driver's seat. As a result, light trucks are excluded from the figures.

Automotive Auxiliary Lamps Market Regional Insight

Automotive auxiliary lighting are also popular in North America and Europe. In 2021, these regions held 19.08% and 25.45% of the global market, respectively. LED lights are the most popular product type in the vehicle auxiliary lamp market in North America and Europe. The United States is likely to be a major market for vehicle automobile auxiliary lighting. Automotive lighting manufacturers are striving to develop long-term partnerships with suppliers and OEMs in order to grow their businesses. Furthermore, automobile makers in the United States are responding to market technological advances. The presence of major OEMs in the US market, such as Fiat Chrysler, Ford, and General Motors, is a significant driving force behind the market's growth. In terms of volume, Asia Pacific held 41.64% of the global automotive auxiliary lighting market in 2021, owing mostly to the region's huge population. The Chinese market for automotive auxiliary lighting is likely to grow at CAGR of xx% during the forecast period, owing to the presence of major producers in the country. China is a significant supplier of electronic components to lighting manufacturers. China's industry is rising, mainly mostly to a growth in the manufacturing of LED headlights with additional features such as ABD (adaptive driving beams) and AFS (adaptive front lighting systems) (adaptive front-lighting systems). Because the Chinese government has encouraged the purchase of electric vehicles, the need for automotive auxiliary lighting has surged. Increased vehicle manufacturing is the primary driver of the Indian automotive auxiliary lamps. The increased purchasing power of customers and population growth is boosting the sale of new automobiles in India, which is positively influencing demand for auxiliary lamps, including automotive rear lights and automotive front lights. The vehicle aftermarket is critical for lighting makers, as India's highways are notorious for causing accidents. Because of these developments, the auxiliary lamps market is expected to reach a market share of 58 percent by 2029. South America is a larger market for automotive auxiliary lamps than Middle East & Africa. However, Middle East & Africa is a prominent market for pre-owned vehicles. Therefore, the automotive auxiliary lamps market in Middle East & Africa is anticipated to grow at a faster pace than the market in South America during the forecast period.

Report Scope:

The report provides a detailed executive summary as well as a snapshot of the growth behaviour of the major segments covered by the scope of the report. Furthermore, the report focus on the changing competition dynamics in the global market for vehicle auxiliary lighting. These are useful resources for both existing market participants and companies interested in entering the global automobile auxiliary lighting industry. The report includes into the global automobile auxiliary lighting market's competitive landscape. The global automotive auxiliary lighting market's key players have been identified, and each one has been profiled in terms of several aspects. The qualities of companies in the global automotive auxiliary lighting market highlighted in this report include company overview, financial standings, recent advancements, and SWOT analysis.

Automotive Auxiliary Lamps Market Scope: Inquiry Before Buying

Automotive Auxiliary Lamps Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US $ 26 Bn.
Forecast Period 2022 to 2029 CAGR: 6% Market Size in 2029: US $ 41.44 Bn.
Segments Covered: by Product Type • LED • Xenon • Halogen • Sealed beam conversion lamp • Modular lights
by Technology • Adaptive Lighting • Intelligent Lighting • Others
by Vehicle Type • Passenger Vehicle • Light Commercial Vehicle • Heavy Commercial Vehicle • Off-road Vehicle • Electric Vehicle

Automotive Auxiliary Lamps Market: Key Players

• Johnson electric • Continental AG • Hyundai Mobis • Magneti Marelli S.p.A. • Texas Instruments Inc. • Robert Bosch GmbH • Hella GmbH & Co. • Valeo S.A. • Denso Corporation • Koito manufacturing • DENSO CORPORATION • Stanley Electric Co. Ltd. Frequently Asked Questions 1. What is the projected market size & growth rate of the Automotive Auxiliary Lamps Market? Ans- Automotive Auxiliary Lamps Market was valued at USD 26.00 billion in 2021 and is projected to reach USD 41.44 billion by 2029, growing at a CAGR of 6 % during the forecast period. 2. What are the key driving factors for the growth of the Automotive Auxiliary Lamps Market? Ans- Integration of night vision and adaptive lighting systems with auxiliary lighting is a prominent trend expected to enhance the market for automotive auxiliary lamps during the forecast period. 3. Which Region accounted for the largest Automotive Auxiliary Lamps Market share? Ans- North America accounted for the largest market share. 4. What makes India a Lucrative Market for Automotive Auxiliary Lamps Market? Ans- Increased vehicle manufacturing is the primary driver of the Indian automotive auxiliary lamps. 5. What are the top players operating in Automotive Auxiliary Lamps Market? Ans- Johnson electric, Continental AG, Hyundai Mobis, Magneti Marelli S.p.A., and Texas Instruments Inc.
1. Global Automotive Auxiliary Lamps Market: Research Methodology 2. Global Automotive Auxiliary Lamps Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Automotive Auxiliary Lamps Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Automotive Auxiliary Lamps Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Global Automotive Auxiliary Lamps Market Segmentation 4.1 Global Automotive Auxiliary Lamps Market, by Product Type (2021-2029) • LED • Xenon • Halogen • Sealed beam conversion lamp • Modular lights 4.2 Global Automotive Auxiliary Lamps Market, by Technology (2021-2029) • Adaptive Lighting • Intelligent Lighting • Others 4.3 North America Automotive Auxiliary Lamps Market, by Vehicle Type (2021-2029) • Passenger Vehicle • Light Commercial Vehicle • Heavy Commercial Vehicle • Off-road Vehicle • Electric Vehicle 5. North America Automotive Auxiliary Lamps Market (2021-2029) 5.1 North American Automotive Auxiliary Lamps Market, by Product Type (2021-2029) • LED • Xenon • Halogen • Sealed beam conversion lamp • Modular lights 5.2 North America Automotive Auxiliary Lamps Market, by Technology (2021-2029) • Adaptive Lighting • Intelligent Lighting • Others 5.3 North America Automotive Auxiliary Lamps Market, by Vehicle Type (2021-2029) • Passenger Vehicle • Light Commercial Vehicle • Heavy Commercial Vehicle • Off-road Vehicle • Electric Vehicle 5.4. North America Automotive Auxiliary Lamps Market, by Country (2021-2029) • United States • Canada • Mexico 6. European Automotive Auxiliary Lamps Market (2021-2029) 6.1. European Automotive Auxiliary Lamps Market, by Product Type (2021-2029) 6.2. European Automotive Auxiliary Lamps Market, by Technology (2021-2029) 6.3. European Automotive Auxiliary Lamps Market, by Vehicle Type (2021-2029) 6.4. European Automotive Auxiliary Lamps Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Automotive Auxiliary Lamps Market (2021-2029) 7.1. Asia Pacific Automotive Auxiliary Lamps Market, by Product Type (2021-2029) 7.2. Asia Pacific Automotive Auxiliary Lamps Market, by Technology (2021-2029) 7.3. Asia Pacific Automotive Auxiliary Lamps Market, by Vehicle Type (2021-2029) 7.4. Asia Pacific Automotive Auxiliary Lamps Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. The Middle East and Africa Automotive Auxiliary Lamps Market (2021-2029) 8.1. Middle East and Africa Automotive Auxiliary Lamps Market, by Product Type (2021-2029) 8.2. Middle East and Africa Automotive Auxiliary Lamps Market, by Technology (2021-2029) 8.3. Middle East and Africa Automotive Auxiliary Lamps Market, by Vehicle Type (2021-2029) 8.4. Middle East and Africa Automotive Auxiliary Lamps Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Automotive Auxiliary Lamps Market (2021-2029) 9.1. South America Automotive Auxiliary Lamps Market, by Product Type (2021-2029) 9.2. South America Automotive Auxiliary Lamps Market, by Technology (2021-2029) 9.3. South America Automotive Auxiliary Lamps Market, by Vehicle Type (2021-2029) 9.4. South America Automotive Auxiliary Lamps Market, by Country (2021-2029) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. Johnson electric 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Johnson electric 10.3. Continental AG 10.4. Hyundai Mobis 10.5. Magneti Marelli S.p.A. 10.6. Texas Instruments Inc. 10.7. Robert Bosch GmbH 10.8. Hella GmbH & Co. 10.9. Valeo S.A. 10.10. Denso Corporation 10.11. Koito manufacturing 10.12. DENSO CORPORATION 10.13. Stanley Electric Co. Ltd.

About This Report

Report ID 78899
Category Automotive and Transportation
Published Date Sept 2022
Updated Date
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