Global On-highway Vehicle Lighting Market is anticipated to reach US$ 41.04 Bn by 2029 from US$ 29.55 Bn in 2022 at a CAGR of 4.8 % during a forecast period.On-highway Vehicle Lighting Market Overview
On-highway vehicle lighting, which excludes off-road vehicles, refers to the lighting used in passenger and commercial vehicles. Different forms of lighting, such as interior and exterior, are installed in all vehicles. Interior lighting is largely utilized to enhance the aesthetic appeal of a vehicle's interior.To know about the Research Methodology :- Request Free Sample Report The report has covered the market trends from 2018 to forecast the market through 2029. Where 2022 is considered a base year to forecast the market from 2023 to 2029. However, 2022’s market size is estimated on real numbers and outputs of the key players and major players across the globe.
On-highway Vehicle Lighting Market Dynamics
The growing use of cutting-edge automotive lighting technologies, as well as the increasing penetration of LED lighting in the automotive sector, are expected to fuel demand for on-highway vehicle lighting. Automotive lighting is constantly developing as manufacturers look for new methods to improve safety, performance, and aesthetics. Headlamps, in particular, are likely to arise in response to advances in LED and laser technology. Smog is created by the changing temperature in several countries as a result of global warming, which reduces vision when driving. Such situations have resulted in severe accidents in several countries. To prevent such scenarios, On-highway vehicle lighting is used. As a result, the market for on-highway vehicle lighting is expected to grow during the forecast period. The European Union (EU), for example, has regulated the use of Daytime Running Lights as a result of the effects of adverse weather conditions on forwarding vision (DRL). Similarly, The Motor Vehicles Safety Act (MVSA) in Canada regulates the use of DRLs in all vehicles.COVID-19 Impact on the Global On-highway Vehicle Lighting Market
In 2022, the COVID-19 epidemic affected the demand for on-highway vehicle lighting. Furthermore, the global market has been influenced by supply chain disruptions, demand destruction, and changes in consumer behavior as a result of stringent lockdown restrictions throughout the world. Manufacturing plant closures throughout the world in the first half of 2022 are expected to have a negative impact on automotive production and demand for on-highway vehicle lighting. In 2022, global automobile production dropped by almost 16 percent from 91.8 million units in 2022. However, as limitations are gradually eased, the market is expected to increase significantly throughout the forecast period.On-highway Vehicle Lighting Market Segmentation Analysis
By Product, in 2022, the LED segment dominated the market, accounting for over 39% of on-highway vehicle lighting sales. The segment is expected to grow at a CAGR of more than 5 percent throughout the forecast period because of the growing demand for LEDs in passenger cars. LED light is energy-efficient, durable, and offers design attributes that create development potential for the market compared to adaptable high beam lights. By Application, in 2022, the headlight application segment accounted for more than 62 percent of the market for on-highway vehicle lighting, and this dominance is expected to continue throughout the forecast period. The rising production of vehicles, as well as the variable cost of light sources used in automobiles are both contributing to the segment's growth.Regional Insights
In 2022, Asia Pacific held the largest revenue share of almost 50% and this dominance is expected to continue throughout the forecast period. The market is expected to grow due to increased investments in lighting technology, a rising automotive sector, and higher demand for passenger vehicles in developing countries like China and India. Europe is expected to have the second-highest CAGR of over 5% during the forecast period. Germany accounted for over 15% of Europe's total automobile production. Audi, BMW, Ford, Mercedes-Benz, Porsche, and Volkswagen are among the country's leading automobile manufacturers. The Middle East and Africa region are expected to grow at the fastest CAGR of xx% during the forecast period. The market growth is largely due to increased mining and building activity.On-highway Vehicle Lighting Market Scope: Inquire before buying
On-highway Vehicle Lighting Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 29.55 Bn. Forecast Period 2023 to 2029 CAGR: 4.8% Market Size in 2029: US $ 41.04 Bn. Segments Covered: by Product Halogen HID LED Incandescent LASER by Application Headlight Exterior Lights Internal Lights by Vehicle Type Motorcycle Passenger Cars Buses Light Trucks Medium Trucks Heavy Trucks by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)On-highway Vehicle Lighting Market Key Players
1. HELLA GmbH & Co. 2. LG Display Co., Ltd. 3. Hyundai Mobis 4. Johnson Electric 5. Varroc Group 6. Neolite ZKW 7. KGaA 8. Magneti Marelli S.p.A 9. De Amertek Corp 10. Continental AG 11. Denso Corporation 12. Ichikoh Industries Ltd. 13. STANLEY ELECTRIC CO., LTD 14. OSRAM, 15. Lumberg Holding 16. Koito Manufacturing Co. Ltd 17. Robert Bosch GmbH 18. Fraunhofer- Gesellschaft, Cree, Inc. 19. Koninklijke Philips N.V. 20. SG AutomotiveFrequently Asked Questions
1. What is the projected market size & growth rate of On-highway Vehicle Lighting Market? Ans- On-highway Vehicle Lighting Market is anticipated to reach US$ 41.04 Bn by 2029 from US$ 29.55 Bn in 2022 at a CAGR of 4.8 % during a forecast period. 2. What is On-highway Vehicle Lighting? Ans- On-highway vehicle lighting, which excludes off-road vehicles, refers to the lighting used in passenger and commercial vehicles. 3. What is the key driving factors for the growth of On-highway Vehicle Lighting Market? Ans- The growing use of cutting-edge automotive lighting technologies, as well as the increasing penetration of LED lighting in the automotive sector, are the key driving factors for the growth of On-highway Vehicle Lighting Market. 4. What segments are covered in On-highway Vehicle Lighting Market? Ans-Global On-highway Vehicle Lighting Market is segmented based on Product, Application, Vehicle Type and Region. 5. What are the top players operative in On-highway Vehicle Lighting Market? Ans- HELLA GmbH & Co., KGaA, LG Display Co., Ltd., Hyundai Mobis, Varroc Group, Neolite ZKW, Johnson Electric, Magneti Marelli S.p.A, De Amertek Corp, Continental AG, Denso Corporation.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global On-highway Vehicle Lighting Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2022 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the On-highway Vehicle Lighting Market 3.4. Geographical Snapshot of the On-highway Vehicle Lighting Market, By Manufacturer share 4. Global On-highway Vehicle Lighting Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global On-highway Vehicle Lighting Market 5. Supply Side and Demand Side Indicators 6. Global On-highway Vehicle Lighting Market Analysis and Forecast, 2022-2029 6.1. Global On-highway Vehicle Lighting Market Size & Y-o-Y Growth Analysis. 7. Global On-highway Vehicle Lighting Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 7.1.1. Halogen 7.1.2. HID 7.1.3. LED 7.1.4. Incandescent 7.1.5. LASER 7.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 7.2.1. Headlight 7.2.2. Exterior Lights 7.2.3. Internal Lights 7.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 7.3.1. Motorcycle 7.3.2. Passenger Cars 7.3.3. Buses 7.3.4. Light Trucks 7.3.5. Medium Trucks 7.3.6. Heavy Trucks 8. Global On-highway Vehicle Lighting Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America On-highway Vehicle Lighting Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 9.1.1. Halogen 9.1.2. HID 9.1.3. LED 9.1.4. Incandescent 9.1.5. LASER 9.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 9.2.1. Headlight 9.2.2. Exterior Lights 9.2.3. Internal Lights 9.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 9.3.1. Motorcycle 9.3.2. Passenger Cars 9.3.3. Buses 9.3.4. Light Trucks 9.3.5. Medium Trucks 9.3.6. Heavy Trucks 10. North America On-highway Vehicle Lighting Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. On-highway Vehicle Lighting Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 11.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 12. Canada On-highway Vehicle Lighting Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 12.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 13. Mexico On-highway Vehicle Lighting Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 13.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 14. Europe On-highway Vehicle Lighting Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 14.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 15. Europe On-highway Vehicle Lighting Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. On-highway Vehicle Lighting Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 16.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 17. France On-highway Vehicle Lighting Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 17.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 18. Germany On-highway Vehicle Lighting Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 18.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 19. Italy On-highway Vehicle Lighting Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 19.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 20. Spain On-highway Vehicle Lighting Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 20.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 21. Sweden On-highway Vehicle Lighting Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 21.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 22. CIS Countries On-highway Vehicle Lighting Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 22.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 23. Rest of Europe On-highway Vehicle Lighting Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 23.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 24. Asia Pacific On-highway Vehicle Lighting Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 24.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 25. Asia Pacific On-highway Vehicle Lighting Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China On-highway Vehicle Lighting Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 26.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 27. India On-highway Vehicle Lighting Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 27.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 28. Japan On-highway Vehicle Lighting Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 28.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 29. South Korea On-highway Vehicle Lighting Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 29.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 30. Australia On-highway Vehicle Lighting Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 30.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 31. ASEAN On-highway Vehicle Lighting Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 31.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 32. Rest of Asia Pacific On-highway Vehicle Lighting Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 32.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 33. Middle East Africa On-highway Vehicle Lighting Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 33.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 34. Middle East Africa On-highway Vehicle Lighting Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa On-highway Vehicle Lighting Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 35.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 36. GCC Countries On-highway Vehicle Lighting Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 36.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 37. Egypt On-highway Vehicle Lighting Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 37.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 38. Nigeria On-highway Vehicle Lighting Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 38.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 39. Rest of ME&A On-highway Vehicle Lighting Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 39.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 40. South America On-highway Vehicle Lighting Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 40.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 41. South America On-highway Vehicle Lighting Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil On-highway Vehicle Lighting Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 42.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 43. Argentina On-highway Vehicle Lighting Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 43.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 44. Rest of South America On-highway Vehicle Lighting Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 44.3. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global On-highway Vehicle Lighting Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Felt Racing 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.4. HELLA GmbH & Co. 45.5. KGaA 45.6. LG Display Co., Ltd. 45.7. Hyundai Mobis 45.8. Varroc Group 45.9. Neolite ZKW 45.10. Johnson Electric 45.11. Magneti Marelli S.p.A 45.12. De Amertek Corp 45.13. Continental AG 45.14. Denso Corporation 45.15. Ichikoh Industries Ltd. 45.16. STANLEY ELECTRIC CO., LTD 45.17. OSRAM, 45.18. Lumberg Holding 45.19. Koito Manufacturing Co. Ltd 45.20. Robert Bosch GmbH 45.21. Fraunhofer- Gesellschaft, Cree, Inc. 45.22. Koninklijke Philips N.V. 45.23. SG Automotive 46. Primary Key Insights