Global $42 Billion On-highway Vehicle Lighting Market to 2025

DUBLIN, Nov. 7, 2018 /PRNewswire/ --

The "On-highway Vehicle Lighting Market Analysis Report By Vehicle Type (Passenger Cars, Buses), By Application (Headlights, Interior Lights), By Product Type (LED, Laser), By Region, And Segment Forecasts, 2018 - 2025" report has been added to's offering.

The global on-highway vehicle lighting market size is expected to reach USD 42.03 billion by 2025, exhibiting a 5.4% CAGR during the forecast period.

Government regulations for improved visibility and increasing penetration of energy-efficient light sources have bolstered the market growth. Increasing adoption of LED lamps and growing emphasis on technological innovations are estimated drive the market further. Automobile manufacturers are increasingly adoption energy-efficient and more advanced lighting technologies, such as LASER and Light-Emitting Diode (LED).

LED lamps are more energy-efficient, durable, and have the higher operational life span (over 50,000 hours) than other sources, such as incandescent, xenon, and halogen bulbs. Thus, longer lifespan and low energy consumption would drive the demand for LED lights in the coming years. Companies such as Koito Manufacturing Co. Ltd., Stanley Electric, Hella KGaA Hueck & Co., and Magneti Marelli S.p.A provide LED lights in different shapes for a number of automotive applications.

Asia Pacific is expected to be the dominant regional market over the forecast period owing to the rapidly growing automotive sector. Moreover, stringent regulations by local governments regarding the use of energy-efficient lighting sources are also likely to open up new growth opportunities for the companiesi. For instance, in 2017 the Indian government has mandated the use of Daytime Running Lamps (DRLs) and Automatic Headlamp On (AHO) for two-wheelers, which in turn shall accelerate the Asia Pacific on-highway vehicle lighting market growth.

Further key findings from the study suggest:

    --  LED is expected to emerge as the dominant product type segment due to
        declining prices of LED lights as a result of extensive R&D to introduce
        advanced products
    --  The headlight segment is expected to be the leading application segment
        owing to the increasing use of light sources across front headlamps,
        DRLs, side lamps, and fog lamps
    --  Asia Pacific is expected to be the largest and fastest-growing region
        over the forecast period. This growth is mainly due to expanding
        automotive sector in the emerging economies such as China and India
    --  Prominent industry participants include Koito Manufacturing, Ltd., Valeo
        S.A., Koninklijke Philips N.V., and Magneti Marelli S.p.A

Key Topics Covered:

Chapter 1 Methodology and Scope
1.1 Information Procurement
1.2 Purchased Database
1.3 Research Methodology
1.4 Geographic Scope & Assumptions
1.5 Region/Country Wise Market Calculation
1.6 Region-based Segment Share Calculation
1.7 List of Primary Sources
1.8 List of Secondary Sources
1.9 List of Abbreviations

Chapter 2 Executive Summary

Chapter 3 Market Definitions
3.1 Market Segmentation

Chapter 4 Industry Outlook
4.1 Market Snapshot
4.2 Global On Highway Vehicle Lighting Market
4.2.1 Product segment trends
4.2.2 Application segment trends
4.2.3 Vehicle segment trends
4.2.4 Regional segment trends
4.3 Value Chain Analysis
4.4 Market Variable Analysis
4.4.1 Market driver analysis
4.4.2 Market restraint analysis
4.5 Penetration and Growth Prospect Mapping
4.6 On-highway Vehicle Lighting Key Company Analysis, 2017
4.7 Business Environment Analysis Tool
4.7.1 On-highway vehicle lighting market: PEST analysis
4.7.2 On-highway vehicle lighting market: PORTER's analysis

Chapter 5 On-highway Vehicle Lighting Market: Product Segment Analysis
5.1 LED
5.2 Halogen
5.3 High Intensity Discharge (HID)
5.4 Incandescent

Chapter 6 On-Highway Vehicle Lighting Market: Application Segment Analysis
6.1 Headlights
6.2 Other External Lights
6.3 Internal Lights

Chapter 7 On-Highway Vehicle Lighting Market: Vehicle Type Segment Analysis
7.1 Motorcycle
7.2 Passenger Car
7.3 Bus
7.4 Light Trucks (Class 1-3)
7.5 Medium Trucks (Class 4-6)
7.6 Heavy Trucks (Class 7&8)

Chapter 8 On-Highway Vehicle Lighting Market: Regional Outlook

Chapter 9 Company Profiles

    --  Koninklijke Philips N.V.
    --  Magneti Marelli S.p.A.
    --  Zizala Lichtsysteme GmbH (LG Electronics)
    --  TYC Genera
    --  Spyder Auto
    --  Maxxima
    --  Optronics International LLC
    --  Valeo S.A.

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SOURCE Research and Markets