Automotive Exterior Smart Lighting Market Analysis

Automotive Exterior Smart Lighting Market Overview:

The Automotive Exterior Smart Lighting market size was valued at USD 1.17 Billion in 2023. The automotive exterior smart lighting industry is projected to grow from USD 1.24 Billion in 2024 to USD 1.86 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.19% during the forecast period (2024–2032). Rapid technological development in the automotive industry in emerging nations and stringent government regulations concerning vehicle security are the key market drivers enhancing market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Automotive Exterior Smart Lighting Market Trends

The rising adoption of advanced technologies is driving the market growth

Market CAGR for automotive exterior smart lighting is driven by the increasing adoption of cutting-edge technology products. Vehicle manufacturers are continuously working to create technologically advanced features that are efficient, lightweight, and small. Emerging technologies contain laser, OLED, and matrix-led lighting. The high-beam unit of a matrix led contains 25 separate elements. The matrix LED light can respond appropriately to other automobiles' gratitude to the high-beam feature. Because matrix led is attached to the sensors, it automatically deactivates, activates, or dims the light, confirming that other drivers are not blinded. For instance, in January 2023. Nichia Corporation cooperated with Infineon Technologies to develop a high-definition front illumination system containing 16,000 micro LED matrix solutions. Only those lights switched on in this solution are required for the light pattern, improving the solution's energy efficiency.

Additionally, road traffic injuries stay a substantial public health problem due to poor road lighting and inadequate vehicle lighting systems. Meanwhile, governments across the world have designed stringent regulations associated with the use of effective lighting in automobiles. In September 2021, the Canadian Vehicle Lighting Regulation introduced modern lighting standards, such as side feature lights to turn on automatically at night, tail lights with daytime running lights, and dark dashboards to warn drivers to turn on lights.

Manufacturers' substantial investments in research and development and creation to design automotive exterior smart lighting systems consistent with driver allowance systems and proximity sensors are anticipated to boost market revenue. In addition, the growing number of street accidents has increased concerns about vehicle and passenger safety, driving up demand for automobile lighting solutions. Government and transport authorities' strict regulations to improve road safety and boost the market's revenue.

 For instance, in April 2021, Ford declared it had created a predictive smart headlight technique that produces beams into upcoming crossroads even before drivers notice them, illuminating risks and other road users fast and effectively. The prototype developed lighting system utilizes GPS location data, cutting-edge technologies, and highly precise street geometry information to determine proper turns in the road ahead, driving the automotive exterior smart lighting market revenue.

Automotive Exterior Smart Lighting Market Segment Insights:

Automotive Exterior Smart Lighting Product Insights

The Automotive Exterior Smart Lighting market segmentation, based on type, includes parking, fog light front, fog light rear, stop light, side signals/warning signals, headlamp, brake/tail light, license/number plate, and panel lights. The panel lights segment dominated the market, accounting for 35% of market revenue (0.41 Billion). In developing economies, category growth is driven by the rising adoption of the improved internal lighting system in mid-end vehicles and high-end vehicles. However, fog light front is the fastest-growing category over the forecast period due to the growing usage of front fog headlights in the safety system and the aesthetic structure of premium automobiles.

Automotive Exterior Smart Lighting Vehicle Type Insights

The Automotive Exterior Smart Lighting market segmentation, based on vehicle type, includes passenger cars and commercial vehicles. The passenger cars category generated the most income (70.4%) due to the rising sales and presentation of passenger cars in evolving economies. However, commercial vehicles are the fastest-growing category due to governments' ambitions to enhance commercial vehicle safety measures.

Figure 1: Automotive Exterior Smart Lighting Market, by Distribution Channel, 2024 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Automotive Exterior Smart Lighting Technology Insights

The Automotive Exterior Smart Lighting market segmentation, based on technology, includes halogen, xenon, LED, and others. The LED category generated the most income due to its low energy consumption and exceptional power output of LED. However, halogen is the fastest-growing category due to growing improvements in different technologies.

Automotive Exterior Smart Lighting Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The Asia-Pacific automotive exterior smart lighting market will dominate, owing to a rise in the focus on road safety, and an expansion in the performance of government regulations will boost the market growth in this region. Moreover, China’s automotive exterior smart lighting market held the largest market share, and the Indian automotive exterior smart lighting market was the fastest-growing market in the Asia-Pacific region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: Automotive Exterior Smart Lighting Market Share By Region 2024 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe's automotive exterior smart lighting market accounts for the second-largest market share due to the easy availability of raw materials and massive demand for cost-effective electrical and mechanical elements driving the market in this region. Further, the German automotive exterior smart lighting market held the largest market share, and the UK automotive exterior smart lighting market was the fastest-growing market in the European region.

The North American automotive exterior smart lighting market is projected to expand at the fastest CAGR from 2024 to 2032. This is due to this region's increased adoption of the automotive lighting system. Moreover, US automotive exterior smart lighting market held the largest market share, and the Canadian automotive exterior smart lighting market was the fastest-growing market in the North American region.

Automotive Exterior Smart Lighting Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development to expand their product lines, which will help the automotive exterior smart lighting market grow even more. Market participants are also undertaking various strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the automotive exterior smart lighting industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Automotive Exterior Smart Lighting industry to benefit clients and increase the market sector. Major players in the automotive exterior smart lighting market, including Koito Manufacturing Co. Ltd (Japan), Stanley Electric Co. Ltd (Japan), Hyundai Mobis (South Korea), Mitsuba Corporation (Japan), Lumax Industries (India), and Koninklijke Philips N.V. (Netherlands), and others, are attempting to increase market demand by investing in research and development operations.

Toyoda Gosei Co Ltd manufactures and markets rubber and plastic automotive elements, LEDs and general industrial developments. Its automotive product portfolio contains functional components, interior and exterior products, weather-strip products, safety system products, and air conditioning products. Toyoda's additional products include air purifiers, interior parts for industrial and construction machinery, solar light-emitting diodes (LEDs), and dynamic dampers for houses. The company operates in 17 countries in various regions. It delivers products via a network of plants and offices globally. In December 2021, Toyoda Gosei Co. Ltd constructed full-color LED bulbs to brighten automobile interiors. The color may be freely modified from 64 variations to meet the utilizer's mood and respond in different ways to personal choices.

Kia Corp, formerly known as Kia Motors Corp, is an automobile manufacturer that manufactures and markets different motor vehicles. It delivers sport utility vehicles (SUVs), recreation vehicles, passenger cars, multi-purpose vehicles (MPVs), and commercial vehicles. The firm also carries out the leasing of automobiles and vehicle maintenance services. It markets these cars via a network of distributors and retailers. In August 2021, Kia declared that the EV6 electric crossover was provided with class-leading levels of security and convenience, including an advanced suite of driver assistance systems. It got Front-lighting System (IFS), a technology that allows each LED to light alone.

Key Companies in the Automotive Exterior Smart Lighting market include

• Hella


• Stanley


• OSRAM


• ZKW Group


• Varroc


• Car Lighting District


• GUANGZHOU LEDO ELECTRONIC


• CN360


• Easelook


• TUFF PLUS


• Dahao Automotive


• Bymea Lighting


• Sammoon Lighting


• FSL Autotech


• Hoja Lighting

Automotive Exterior Smart Lighting Industry Developments

As OSRAM unveils the ALIYOS LED-on-foil technology in September 2023, ushering in an era of unprecedented design flexibility and innovation in automotive illumination. Automobile manufacturers will have the capacity to manifest brand identity in unprecedented ways via interior and exterior lighting by utilizing ALIYOS technology. Additionally, they will be able to implement entirely novel three-dimensional lighting and animation effects to convey dynamic individual messages and information signals to motorists and other road users. The introduction of its ALIYOS technology by OSRAM further solidifies the company's standing as one of the automotive industry's most innovative providers of illumination technology. The advent of sophisticated LED-on-foil technology signifies a paradigm shift in the utilization of LEDs for automotive illumination, providing clients with innovative prospects to distinguish their vehicle brands. By utilizing the ALIYOS technology, ams OSRAM is capable of implanting mini-LEDs onto a transparent, thin, and flexible substrate. Miniature LEDs, which are linked by virtually imperceptible metal traces, permit extensive configuration flexibility, enabling the creation of individually addressable segments of virtually any form.

March 2024: MG Motor India, an electric sports car owned by the Chinese automaker SAIC Motor and India's JSW Group, was introduced in India. Equipped with dual motors, the vehicle attains a top speed of 100 km/h within 3.2 seconds. Three new EVs were also displayed by MG Motor, one of which was the MG Cyberster, which featured scissor doors, LED lighting, and a dual-motor configuration with a 77 kWh battery pack. In 2023, SAIC-owned MG Motor India entered into a strategic partnership with JSW Group, a steel conglomerate led by Sajjan and Parth Jindal, in order to advance the company's automotive initiatives in the nation. We spoke with MG Motor India's former CEO Emeritus Rajeev Chaba in Worli, Mumbai, where the organization had recently unveiled its new name, JSW MG Motor India Private Limited, in order to learn more about the collaboration and the innovative technologies that MG Motor India plans to introduce to the Indian market. The MG Cyberster possesses an alluring physical appearance. A long bonnet and LED headlamps are included. By utilizing glossy black plastics in a strategic manner, the vehicle's mass is subtly concealed, creating the illusion of compactness. Arrow-shaped taillights contribute a distinctive element to the design at the rear.

July 2022: HELLA established the next generation of ambient Vehicle Lighting. The unique HELLA Slim Light System can indirectly set the internal scene and permit wide-area lighting, including in the door. The most recent feature of this system is its slim design and lightweight. It can be planted between various layers, not surpassing a thickness of eight millimeters. By way of comparison, current systems measure around 20 millimeters.

May 2022: Grupo ZKW laid the foremost stone of the third phase of a USD 102 million accumulation at its Silao, Guanajuato plant that delivers fog lamps, headlights, and auxiliary lamps. In the 15,700-square-meter development, which is anticipated to have the capability to deliver 1.5 million headlights per year, ZKW will manufacture headlights and interior bar lamps for BMW, Ford, and GM EVs and SUVs.

Automotive Exterior Smart Lighting Market Segmentation:

Automotive Exterior Smart Lighting Product Outlook

• Parking


• Fog Light Front


• Fog Light Rear


• Stop Light


• Side Signals/Warning Signals


• Head Lamp


• Brake/Tail Light


• License/Number Plate


• Panel Lights

Automotive Exterior Smart Lighting Vehicle Type Outlook

• Passenger Cars


• Commercial Vehicles

Automotive Exterior Smart Lighting Technology Outlook

• Halogen


• Xenon


• LED


• Others

Automotive Exterior Smart Lighting Regional Outlook

North America

• US


• Canada

Europe

• Germany


• France


• UK


• Italy


• Spain


• Rest of Europe

Asia-Pacific

• China


• Japan


• India


• Australia


• South Korea


• Australia


• Rest of Asia-Pacific

Rest of the World

• Middle East


• Africa


• Latin America