Automotive Intelligent Lighting Market SWOT Analysis by 2031
The automotive intelligent lighting market size is projected to reach US$ 12.01 billion by 2031 from US$ 6.26 billion in 2023. The market is expected to register a CAGR of 8.5% in 2022–2031. Automotive manufacturers around the globe are adopting LED light technology in their vehicles at a rapid pace. The automotive lighting market consists of several types of LED products, such as headlamps, focus lamps, and among others. Furthermore, the increasing adoption of automotive LED lighting in passenger cars drives the global automotive intelligent lighting market growth. For example, LED lighting contributed around 70% of the interior’s indicator lights and around 25% of the instrument display backlight. Currently, in the automotive intelligent lighting applications are mounted stop lamps located at the centre of the vehicle and brake & tail lights. The automotive intelligent lighting market is highly fragmented owing to the presence of several key players in the market.
Automotive Intelligent Lighting Market Analysis
The penetration of automotive intelligent LED headlamps has the largest share in 2023. It is expected to reach around 65% by 2025 as automobile sales are growing at a rapid pace with a surge in the global demand for connected cars. Automotive intelligent lightings use several technologies such as adaptive driving beam and adaptive front-lighting system. Digital intelligent automotive lamps are made available in luxury cars and premium, high-class vehicle models. For example, automotive intelligent lighting presence in several models, Audi with matrix LED intelligent, Mercedes-Benz, and WEY presence with LED intelligent pixel headlamp. The luminance factor of the lasers is approximately five times greater than other light sources available in the market. Therefore, the laser headlamps provide higher beam ranges to the vehicle drivers. The beam range of a typical laser headlight ranges above 500 m. The BMW i8 and BMW 7 are the other car series of passenger cars that feature laser-integrated headlights.
Automotive Intelligent Lighting Market Overview
With the rapid adoption of automotive intelligent lighting solutions, the automotive OEMs are offering enhanced intelligent systems. The OEMs are offering advanced active safety features such as adaptive lighting and modified interior lighting using intelligent ambient lighting for consumers. The constant adoption of advanced technologies, such as intelligent ambient and adaptive lighting, to expand a wide range of applications, such as adaptive indicators, adaptive rear lamps, and adaptive parking lights, among others. The major driving factor for the growth of automotive intelligent lighting is the rising adoption of adaptive lighting with stringent government norms to offer safety for vehicles in different countries and increasing demand for comfortable and luxury premium class vehicles.
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Automotive Intelligent Lighting Market: Strategic Insights
Market Size Value in US$ 3.22 Billion in 2018 Market Size Value by US$ 8.70 Billion by 2027 Growth rate CAGR of 12.4% from 2019-2027 Forecast Period 2019-2027 Base Year 2019
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Automotive Intelligent Lighting Market: Strategic Insights
| Market Size Value in | US$ 3.22 Billion in 2018 |
| Market Size Value by | US$ 8.70 Billion by 2027 |
| Growth rate | CAGR of 12.4% from 2019-2027 |
| Forecast Period | 2019-2027 |
| Base Year | 2019 |
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Automotive Intelligent Lighting Market Drivers and Opportunities
Growing Adoption of Led Automotive Interior and Exterior Lighting Drives Market Growth
The rear and front lights have the largest share in the overall automotive intelligent lighting market. Automotive manufacturers are looking to integrate lightweight automotive components to enhance fuel efficiency and safety requirements and improve the performance of the vehicle. LED intelligent lighting is widely used in automobiles to improve safety requirements and enhance visibility as per the customer's requirements. LED lamps are cooler, smaller in size, and consume less energy as compared to other standard automotive lamps. Automotive LED lights are widely used in the headlights that help the drivers to have a better view of the roads better road visibility, and thereby improving fuel efficiency.
Increasing sales of premium and luxury cars owing to rising disposable income
In developed countries where consumers have huge disposable incomes, it has been witnessed that with the rise of the vehicular population, consumer preferences for buying passenger cars differ. As a result, cost- and fuel efficiency are no longer the primary criteria for the purchase of these cars; instead, the purchases depend more on the comfort and luxury provided with them. Moreover, consumers are increasingly evaluating lighting systems and car ergonomics while making the selections.
Automotive Intelligent Lighting Market Report Segmentation Analysis
Key segments that contributed to the derivation of the automotive intelligent lighting Market analysis are technology, lighting types, and vehicle types.
- Based on technology, the global automotive intelligent lighting market is divided into LED, Halogen, Xenon, and Laser. Among these, LED technology has the largest share in 2023, owing to increasing adoption in passenger cars.
- Based on lighting types, the global automotive intelligent lighting market is divided into adaptive headlights and intelligent ambient lighting.
- Depending on the vehicle type, the market is divided into passenger cars and commercial vehicles.
Automotive Intelligent Lighting Market Share Analysis by Geography
The geographic scope of the automotive intelligent lighting market report is mainly divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America.
Asia Pacific has the largest share in 2023. This is owing to increased passenger car sales across India, China, and Japan. In China, the automotive intelligent lighting market is growing with the highest CAGR of around 8.6% during the forecast period 2019 and 2025. LED still has low penetration in the Asia Pacific market and is growing at a rapid pace during the forecast period. These are several Chinese automotive intelligent lighting companies such as Guangzhou Stanley Electric Co., Ltd., Shanghai Koito Automotive Lamp Co., Ltd., Changchun, Hella, Faway Automotive Lighting Co., Ltd. and Valeo Lighting Hubei Technology Center Co., Ltd. These major players accounted for around 60% of the market share in the automotive intelligent lighting market.
Automotive Intelligent Lighting Market Report Scope
Automotive Intelligent Lighting Market News and Recent Developments
The automotive intelligent lighting market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for automotive intelligent lighting market and strategies:
- In July 2023, Marelli collaborated with OSRAM to launch an innovative automotive front lighting h-Digi micro-LED module. This intelligent digital lighting solution is built with the intelligent multipixel LED that enables fully adaptive, dynamic headlight operation and image projection. This made available for a wider range of vehicles. (Source: Marelli, Press Release/Company Website/Newsletter)
Automotive Intelligent Lighting Market Report Coverage and Deliverables
The “Automotive Intelligent Lighting Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles with SWOT analysis
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Technology ; Type of Lights ; and Vehicle Type
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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