Global On-highway Vehicle Lighting Market Growth 2024-2030

According to our publisher’s latest study, the global On-highway Vehicle Lighting market size was valued at US$ 23230 million in 2023. With growing demand in downstream market, the On-highway Vehicle Lighting is forecast to a readjusted size of US$ 30200 million by 2030 with a CAGR of 3.8% during review period.
The research report highlights the growth potential of the global On-highway Vehicle Lighting market. On-highway Vehicle Lighting are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of On-highway Vehicle Lighting. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the On-highway Vehicle Lighting market.
Road vehicle lighting refers to a range of lighting equipment used in vehicles.
Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world's automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world's largest car exporter, exporting more than 3.5 million vehicles in 2022.
Key Features:
The report on On-highway Vehicle Lighting market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the On-highway Vehicle Lighting market. It may include historical data, market segmentation by Type (e.g., Halogen, High Intensity Discharge (HID)), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the On-highway Vehicle Lighting market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Market Drivers:
Growing demand for LED lighting: The increasing adoption of LED lighting in the automotive industry is a significant driver of the market. LED lighting offers improved visibility, energy efficiency, and reduced maintenance costs, making it an attractive option for vehicle manufacturers and consumers.
Rising sales of commercial vehicles: The growth of the commercial vehicle market, particularly in emerging economies, is driving the demand for on-highway vehicle lighting. Commercial vehicles require high-quality lighting to ensure safety and visibility on the road.
Stringent safety regulations: Governments around the world are implementing stricter safety regulations to reduce accidents and improve road safety. On-highway vehicle lighting is an essential component of these regulations, driving demand for high-quality lighting solutions.
Increasing demand for advanced lighting technologies: The demand for advanced lighting technologies, such as adaptive lighting and intelligent lighting, is increasing as vehicle manufacturers focus on improving safety and reducing energy consumption.
Market Challenges:
Fluctuating raw material prices: The prices of raw materials, such as copper and aluminum, can fluctuate significantly, affecting the cost of production and profitability for on-highway vehicle lighting manufacturers.
Competition from aftermarket market: The aftermarket market for on-highway vehicle lighting is highly competitive, with many players offering low-cost alternatives to original equipment manufacturers (OEMs).
Environmental concerns: The automotive industry is under pressure to reduce its environmental impact, and on-highway vehicle lighting manufacturers must adapt to changing regulations and consumer preferences to reduce their carbon footprint.
Technological advancements: The rapid pace of technological advancements in the automotive industry can make it challenging for on-highway vehicle lighting manufacturers to keep up with changing consumer demands and regulatory requirements.
Competitive Landscape: The research report provides analysis of the competitive landscape within the On-highway Vehicle Lighting market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the On-highway Vehicle Lighting industry. This include advancements in On-highway Vehicle Lighting technology, On-highway Vehicle Lighting new entrants, On-highway Vehicle Lighting new investment, and other innovations that are shaping the future of On-highway Vehicle Lighting.
The global on-highway vehicle lighting market is witnessing significant technological advancements, driven by the growing demand for energy-efficient, safe, and stylish lighting solutions. Here are some key technological developments in the market:
LED Lighting: LED lighting is gaining popularity in the on-highway vehicle lighting market due to its energy efficiency, long lifespan, and design flexibility. LED lights are being used in various applications, including headlights, taillights, and interior lighting.
High-Intensity Discharge (HID) Lighting: HID lighting is another popular technology used in on-highway vehicle lighting. HID lights are known for their high intensity and long lifespan, making them suitable for use in high-beam headlights.
Laser Lighting: Laser lighting is a relatively new technology in the on-highway vehicle lighting market. Laser lights are known for their high intensity and precision, making them suitable for use in adaptive cruise control and lane departure warning systems.

OLED Lighting: OLED (Organic Light-Emitting Diode) lighting is a type of thin-film technology used in on-highway vehicle lighting. OLED lights are known for their high brightness, low power consumption, and flexibility, making them suitable for use in interior lighting and rear combination lamps.
Automated Lighting Systems: Automated lighting systems are becoming increasingly popular in the on-highway vehicle lighting market. These systems use sensors and software to adjust the lighting according to the vehicle’s speed, surroundings, and weather conditions.
Smart Lighting: Smart lighting is another area of focus in the on-highway vehicle lighting market. Smart lighting systems use sensors and software to adjust the lighting according to the vehicle’s speed, surroundings, and weather conditions, providing improved safety and energy efficiency.
Wireless Charging: Wireless charging technology is being introduced in on-highway vehicle lighting, allowing drivers to charge their devices wirelessly while on the go.
Autonomous Vehicle Lighting: As autonomous vehicles become more prevalent, the on-highway vehicle lighting market is expected to see significant changes. Autonomous vehicles require specialized lighting systems that can communicate with other vehicles and infrastructure.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the On-highway Vehicle Lighting market. It includes factors influencing customer ' purchasing decisions, preferences for On-highway Vehicle Lighting product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the On-highway Vehicle Lighting market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting On-highway Vehicle Lighting market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the On-highway Vehicle Lighting market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the On-highway Vehicle Lighting industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the On-highway Vehicle Lighting market.
Growing Adoption of LED Lighting: The growing penetration of LED lighting in the automotive industry is expected to drive the industry growth over the forecast period. LED lighting offers improved efficiency, durability, and design flexibility, making it an attractive option for vehicle manufacturers.
Increasing Demand for Commercial Vehicles: The growing demand for commercial vehicles, such as trucks and buses, is expected to drive the growth of the on-highway vehicle lighting market. Commercial vehicles require more lighting systems than passenger cars, providing a significant opportunity for market growth.
Rising Sales of Passenger Cars: The growing sales of passenger cars, particularly in emerging markets, are expected to drive the demand for on-highway vehicle lighting. As passenger cars become more affordable, the demand for advanced lighting systems is expected to increase.
Government Regulations and Standards: Governments around the world are implementing regulations and standards for vehicle lighting, which is expected to drive the growth of the market. For example, the European Union’s ECE regulations require vehicles to have specific lighting systems, which is expected to drive the demand for on-highway vehicle lighting.
Technological Advancements: Advancements in technology, such as the development of autonomous vehicles, are expected to drive the growth of the on-highway vehicle lighting market. Autonomous vehicles require advanced lighting systems to ensure safety and visibility.
Regional Opportunities: The Asia-Pacific region is expected to be a significant market for on-highway vehicle lighting, driven by the growing demand for commercial vehicles and passenger cars in countries such as China and India.
Partnerships and Collaborations: Partnerships and collaborations between lighting manufacturers, vehicle manufacturers, and technology companies are expected to drive innovation and growth in the on-highway vehicle lighting market.
Market Segmentation:
On-highway Vehicle Lighting market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Segmentation by type
Halogen
High Intensity Discharge (HID)
LED
Incandescent
LASER
Others
Segmentation by application
Interior Lights
External Lights
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Koito Manufacturing
Magneti Marelli
Valeo
ZKW Group
Koninklijke Philips
TYC Genera
Key Questions Addressed in this Report
What is the 10-year outlook for the global On-highway Vehicle Lighting market?
What factors are driving On-highway Vehicle Lighting market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do On-highway Vehicle Lighting market opportunities vary by end market size?
How does On-highway Vehicle Lighting break out type, application?

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Manmayi Raval

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