How big is the Automotive Lighting Market?

The Automotive Lighting Market size is expected to reach USD 35.03 billion in 2024 and grow at a CAGR of 6.55% to reach USD 48.11 billion by 2029. Read More

What is the current Automotive Lighting Market size?

In 2024, the Automotive Lighting Market size is expected to reach USD 35.03 billion. Read More

Who are the key players in Automotive Lighting Market?

Koito Manufacturing Co. Ltd, Stanley Electric Co. Ltd, Valeo Group, Magneti Marelli SpA and HELLA KGaA Hueck & Co. are the major companies operating in the Automotive Lighting Market. Read More

Which is the fastest growing region in Automotive Lighting Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Automotive Lighting Market?

In 2024, the Asia Pacific accounts for the largest market share in Automotive Lighting Market. Read More

What years does this Automotive Lighting Market cover, and what was the market size in 2023?

In 2023, the Automotive Lighting Market size was estimated at USD 32.88 billion. The report covers the Automotive Lighting Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Automotive Lighting Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the growth opportunities for the Automotive Lighting Market?

The growth opportunities for the Automotive Lighting Market are a) Rising demand for premium and advanced lighting systems b) Focus on energy efficiency and sustainability Read More

Automotive Lighting Market Share

Statistics for the 2023 & 2024 Automotive Lighting market share, created by Mordor Intelligence™ Industry Reports. Automotive Lighting share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Automotive Lighting Industry

The automotive lighting market is fairly consolidated with key players such as Koito Manufacturing, Valeo Group, Magneti Marelli, Stanley Electric, Hella, Lumax Industries, Zizila Lichtsysteme, Osram, and Tungsram. Companies are entering into joint ventures and are expanding their global presence. For instance,

Valeo announced the acquisition of 10.5% of the stake in Aledia, a technology startup company dedicated to the development of cutting-edge LED technology for general and automotive lighting.
Koito Automotive inaugurated the Hubei Koito Automotive Lamp Co. Ltd plant in China.
ZKW started the production of the world's first laser-beam headlamps for the BMW i8.
In 2017, Osram India launched a new automotive lighting solution called Rallye, which is compatible with two-wheelers, four-wheelers, and other commercial vehicles. The product is being manufactured in Osram's manufacturing plants in Germany and China.