Automotive Intelligent Lighting System Market Overview:
Automotive Intelligent Lighting System Market Size was valued at USD 6 Billion in 2023. The automotive intelligent lighting system market is projected to grow from USD 6.49 Billion in 2024 to USD 11.3 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.16% during the forecast period (2024 - 2032). A rise in the demand for autonomous and semi-autonomous vehicles, improvements in automotive lighting technology, and urbanization trends driving the expansion of the automotive sector into emerging markets are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Automotive Intelligent Lighting System Market Trends
Increasing utilization of driver assistance systems is driving the market growth
Advanced driver-aid systems include intelligent automotive lighting, which modifies the vehicle's lighting pattern while driving on a turning road to account for the road's curvature and improve nighttime vision. Additionally, the intelligent lighting of ADAS is crucial in poor weather since it improves vision while driving in low visibility conditions. Factors including the adoption of fully and partially driverless vehicles, the increasing need for safety features, and the rising demand for comfort fuel the development of advanced driver assistance systems, which directly support the market expansion for automotive intelligent lighting systems. Thus, driving the automotive intelligent lighting system market revenue.
The rise in the frequency of traffic accidents worldwide has boosted the demand for safety features and intelligent lighting systems. Vehicles with adaptive and intelligent illumination can detect threats on the road, enabling the driver to take the necessary actions. The increased worry about traffic accidents worldwide stimulates the desire for enhanced safety measures in cars, finally leading to installing intelligent lighting systems, supporting the market's expansion. Intelligent lighting is largely used to increase curves' and vehicles' visibility in dangerous situations. Further, according to statistics released by the World Health Organisation in June 2021, 1.3 million people die in traffic accidents each year, a considerable number of those deaths being caused by poor lighting in moving vehicles. These elements increase the demand for intelligent and adaptive lighting systems in automobiles. As a result, rising concern for road safety fuels the market for automobile intelligent lighting systems.
Automotive Intelligent Lighting System Market Segment Insights:
Automotive Intelligent Lighting System Technology Insights
The Automotive Intelligent Lighting System market segmentation based on technology includes xenon, LED and halogens. The LED segment dominated the market in 2022. This is because LED market revenue is anticipated to increase due to manufacturers' major efforts in R&D and innovation to create automotive lighting systems feasible with driver assistance systems and proximity sensors.
Automotive Intelligent Lighting System Type of Light Insights
The Automotive Intelligent Lighting System market segmentation, based on the type of light, includes intelligent ambient lighting and adaptive headlight. In 2022, the adaptive headlight segment was expected to grow fastest as various organizations debated several driving assistance technologies, including adaptive headlamps, driver drowsiness attention systems, blind-spot information systems, lane-departure warning systems, and forward collision alerts. As a result, the need for smart lighting technology is rising as more ADAS capabilities are being added to new cars.
Automotive Intelligent Lighting System Vehicle Type Insights
The Automotive Intelligent Lighting System market segmentation, based on vehicle type, includes passenger and commercial. In 2022, the passenger sector led the overall automotive intelligent lighting systems market. The rising demand for passenger vehicle advanced components drives this market segment. Additionally, passenger automobiles must adhere to stricter safety rules than commercial vehicles. These elements are behind the expansion of the passenger vehicle market.
Figure 1: Automotive Intelligent Lighting System Market by Vehicle Type, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Automotive Intelligent Lighting System Regional Insights
By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. Up until 2032, Asia Pacific is expected to maintain its market dominance. The demand for premium cars has grown in China in recent years. The robust demand is responsible for the rising spending patterns and the flourishing economy. The Wenjie M5, a brand-new luxury smart SUV, was formally unveiled in 2021 under the AITO brand of SERES. The car is now out for pre-order and comes in three different configurations, with prices ranging from CNY 250,000 to CNY 320,000. The car boasts features including a panorama sunroof that covers a total area of around 2 square meters, intelligent interactive lighting, and L2+ autonomous driving capabilities. It also has a 10.4-inch curved full LCD dashboard and a 15.6-inch 2K HDR intelligent center console screen.
Further, the major countries studied in the market report are The US, Canada, German, France, the U.K., Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: Automotive Intelligent Lighting System Market Share By Region 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe's automotive intelligent lighting system market accounts for the third-largest market share. The market is heavily influenced by elements including cutting-edge technology, increased sensor use, rising R&D project expenditure, and the expanding markets for electric and autonomous cars. Major automotive intelligent lighting system producers are creating new technologies for the future and buying lesser businesses to broaden their market reach in order to give car owners the safest experience possible. Further, the German automotive intelligent lighting system market held the largest market share, and the U.K. automotive intelligent lighting system market was the fastest-growing market in the European region.
From 2024 to 2032, North America's Automotive Intelligent Lighting System Market is anticipated to grow quickly. Additionally, Canada's North American automobile intelligent lighting system market was expanding fastest, while the U.S. intelligent lighting system market had the biggest market share. The United States has one of the largest vehicle markets in the world. For the fourth year, light vehicle sales in the United States reached 17 million units.
Automotive Intelligent Lighting System 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 intelligent lighting system 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. The automotive intelligent lighting system industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Automotive Intelligent Lighting System industry to benefit clients and increase the market sector. The automotive intelligent lighting system industry has offered some of the most significant advantages in recent years. Major players in the automotive intelligent lighting system market, including Hella KGaA Hueck & Co. (Germany), Osram Continental GmbH (Germany), Magneti Marelli S.p.A. (Italy), Teknoware Oy (Finland), ELBA SA (Romania), KOITO MANUFACTURING CO., LTD. (Japan), HYUNDAI MOBIS (Korea), ICHIKOH INDUSTRIES, LTD. (Japan), Grupo Antolin (Spain), and STANLEY ELECTRIC CO., LTD. (Japan) are attempting to increase market demand by investing in research and development operations.
With its headquarters in Lippstadt, North Rhine-Westphalia, Hella KGaA Hueck & Co., a German automobile part supplier, operates internationally. The business creates and produces systems, electrical parts, and lights for the automotive sector. It also houses one of the biggest trade associations in Europe for the sale of car parts, accessories, diagnostic tools, and services. One of Germany's top 100 industrial businesses, Hella is among the top 50 global automotive suppliers. In the seven-month short fiscal year 2022, HELLA produced combined sales of € 4.4 billion at more than 125 locations worldwide. In a deal worth 6.7 billion euros, the French auto parts manufacturer Faurecia revealed plans to bid for the remaining shares of Hella and agreed to purchase the Hueck family's controlling 60% of the company in 2021.
The Italian company Magneti Marelli S.p.A. creates and produces parts for the automobile industry. With 43,000 people and a 2016 revenue of 7.9 billion euros, the company has its headquarters in Corbetta, Italy, and has 86 production facilities, 12 R&D centers, and 26 application centers in 19 nations. AL-Automotive Lighting, Carello, Cromodora, Cofap, Ergom Automotive, Jaeger, Mako Elektrik, Paraflu, Securvia, Seima, Siem SpA, Solex, Veglia Borletti, Vitaloni, and Weber are a few of the company's brands and subsidiaries. On October 22, 2018, FCA announced that KKR Fund would acquire Magneti Marelli through its holding company CK Holdings for $7.2 billion to merge it with the Japanese automaker Calsonic Kansei to form one of the largest auto parts suppliers in the world.
Key Companies in the automotive intelligent lighting system market include
- Hella KGaA Hueck & Co. (Germany)
- Magneti Marelli S.p.A. (Italy)
- Osram Continental GmbH (Germany)
- ELBA SA (Romania)
- Teknoware Oy (Finland)
- KOITO MANUFACTURING CO. LTD. (Japan)
- Grupo Antolin (Spain)
- HYUNDAI MOBIS (Korea)
- ICHIKOH INDUSTRIES LTD. (Japan)
- STANLEY ELECTRIC CO LTD. (Japan).
Automotive Intelligent Lighting System Industry Developments
August 2021: Silicon Austrian Labs, Evatec, EV Group, and TDK Electronics collaborated with ZKW to develop a micromirror module for dynamic lighting. This technology may be used in headlamps, rear lamps, side projection, and LIDAR systems for optical distance assessment.
August 2021: According to Kia, the EV6 electric crossover is outfitted with industry-leading levels of comfort and safety, including a sophisticated array of driver assistance systems (ADAS). It has an IFS front-lighting system, enabling each LED to glow independently.
Automotive Intelligent Lighting System Market Segmentation:
Automotive Intelligent Lighting System Technology Outlook
Automotive Intelligent Lighting System Type of Light Outlook
- Intelligent ambient lighting
- Adaptive headlight
Automotive Intelligent Lighting System End Market Outlook
Automotive Intelligent Lighting System Vehicle Type Outlook
- Passenger Vehicle
- Commercial Vehicle
Automotive Intelligent Lighting System Regional Outlook
North America
- 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
Report Attribute/Metric |
Details |
Market Size 2023 |
USD 6.0 Billion |
Market Size 2024 |
USD 6.49 Billion |
Market Size 2032 |
USD 11.3 Billion |
Compound Annual Growth Rate (CAGR) |
7.16% (2024-2032) |
Base Year |
2023 |
Market Forecast Period |
2024-2032 |
Historical Data |
2018- 2023 |
Market Forecast Units |
Value (USD Billion) |
Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
Segments Covered |
Material Type, Vehicle Type, and Region |
Geographies Covered |
North America, Asia Pacific, Europe, and the Rest of the World |
Countries Covered |
The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
Key Companies Profiled |
Hella KGaA Hueck & Co. (Germany), Osram Continental GmbH (Germany), Magneti Marelli S.p.A. (Italy), Teknoware Oy (Finland), ELBA SA (Romania), KOITO MANUFACTURING CO., LTD. (Japan), HYUNDAI MOBIS (Korea), ICHIKOH INDUSTRIES, LTD. (Japan), Grupo Antolin (Spain), and STANLEY ELECTRIC CO., LTD. (Japan) |
Key Market Opportunities |
Increasing focus on ADAS features |
Key Market Dynamics |
Growing Concern about Road Safety is driving the market growth |
Automotive Intelligent Lighting System Market Highlights:
Frequently Asked Questions (FAQ) :
The Automotive Intelligent Lighting System market size was valued at USD 5.5 Billion in 2022.
The Automotive Intelligent Lighting System market is projected to grow at a CAGR of 7.16% during the 2024-2032 forecast period.
Asia Pacific had the largest Automotive Intelligent Lighting System market share.
The key players in the market are Hella KGaA Hueck & Co. (Germany), Osram Continental GmbH (Germany), Magneti Marelli S.p.A. (Italy), Teknoware Oy (Finland), and ELBA SA (Romania).
The OEM category dominated the automotive intelligent lighting system market in 2022.
The passenger vehicle had the largest Automotive Intelligent Lighting System market share.