GITNUX MARKETDATA REPORT 2024

Automotive Lighting Industry Statistics

The automotive lighting industry is expected to experience steady growth in the coming years, driven by increasing vehicle production, technological advancements in lighting systems, and growing demand for energy-efficient and aesthetically pleasing lighting solutions.

In this post, we explore key statistics and insights shaping the global automotive lighting industry. From market size figures and growth projections to regional trends and segment analysis, we delve into the data driving the evolution of this dynamic sector.

Statistic 1

"The global automotive lighting market size was valued at USD 27.0 billion in 2020."

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Statistic 2

"The market is expected to expand at a compound annual growth rate (CAGR) of 4.8% from 2021 to 2028."

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Statistic 3

"In 2021, the rear lighting application segment held the largest market share of over 40.0%."

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Statistic 4

"The market for LED lights in the automotive sector is expected to grow by 95.05 billion dollars during 2021-2025."

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Statistic 5

"Europe accounted for over 25% market share in terms of revenue in 2020 in the automotive lighting industry."

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Statistic 6

"The automotive lighting industry is projected to reach $38.1 billion by 2027."

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Statistic 7

"In 2019, the Halogen light type segment dominated the global automotive lighting market, in terms of revenue."

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Statistic 8

"The exterior segment dominated the automotive lighting market in 2020."

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Statistic 9

"The market for adaptive headlights is projected to grow at the highest CAGR during the forecast period."

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Statistic 10

"Passenger vehicles are projected to be the largest consumer of automotive lighting by 2026."

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Statistic 11

"The OEMs segment is projected to hold the largest share of the automotive lighting market."

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Statistic 12

"By 2025, the Xenon segment is expected to show the fastest growth in the automotive lighting market."

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Statistic 13

"In 2017, the automobile lighting industry became the largest application area of LEDs in China, with the market share of 24.5%."

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Statistic 14

"The LCV vehicle type segment is expected to register a CAGR of 6% from 2019 to 2025."

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Statistic 15

"The market size of automotive lighting in China reached 75.6 billion yuan (approx. US$11.2 billion) in 2017."

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Statistic 16

"The automotive lighting for two wheelers segment is predicted to exhibit a CAGR of 4.8% during 2021-2026."

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Statistic 17

"It's expected that by 2030, 90% of new cars will be equipped with LED lights."

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Statistic 18

"Asia-Pacific is projected to lead the automotive lighting market during the forecast period, followed by Europe."

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Statistic 19

"The Interior lighting segment is projected to make significant gains, at over 5.5% CAGR, in the automotive lighting market share during the period 2021-2027."

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In conclusion, the global automotive lighting industry is witnessing steady growth and significant changes in market trends. LED lights are expected to dominate the market, while regions like Europe and Asia-Pacific are poised to lead in market share. Specific segments such as rear lighting, adaptive headlights, and interior lighting are projected to experience notable growth rates. Overall, the industry is projected to reach substantial market size by 2027, driven by technological advancements and increasing demand for energy-efficient lighting solutions across various vehicle types.

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