The global automotive lighting market is expected to attain a valuation of US$ 37.1 billion in 2023 and is projected to reach US$ 69 billion by 2033, rising at a CAGR of 6.4% during the forecast period.
Asia Pacific and European countries, including China, India, Italy, and France, are experiencing smog and severe traffic congestion due to high numbers of heavy vehicles and four-wheelers. This surge in traffic is causing significant delays in commuting, particularly affecting the working-class population.
To address this issue, governments in the region have implemented various measures, including speed limits, to manage the situation. One potential solution to tackle the rising traffic congestion is the widespread adoption of small-sized and compact two-wheelers. This growing demand for two-wheelers in the global market is expected to drive the growth of the two-wheelers automotive lighting market.
Countries like India, the UK, and others have established safety standards such as Federal Motor Vehicle Safety Standards, Australian Design Rules, EEC Regulations, and Indian Standards. These regulations require all vehicles to be equipped with essential lighting devices such as headlights, fog lights, reversing lights, license plate lights, indicator lights, and taillights.
Rising vehicle production has led to a surge in on-road vehicles. Both car manufacturers and users are prioritizing vehicle and passenger safety. To address the challenges of driving in darkness, many companies are investing in research and development to enhance the efficiency of lighting equipment in vehicles.
Report Attribute | Details |
---|---|
Expected Market Value (2023) | US$ 37.1 billion |
Anticipated Forecast Value (2033) | US$ 69 billion |
Projected Growth Rate (2023 to 2033) | CAGR of 6.4% |
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The automotive lighting market was worth US$ 30.9 billion in 2018. It accumulated a market value of US$ 36.6 billion in 2022 while growing at a CAGR of 4.3% during the historical period.
The automotive sector has been swiftly transitioning to automation, encouraging advancements in electric vehicle design and digitization over the past half-decade. Rapid technological advancements in the automotive sector is fuelling the demand for the more efficient and low-power-consuming lighting system. These factors have encouraged original equipment manufacturers (OEMs) and automotive giants to design and develop components for optimizing power consumption and offering superior efficiency.
German automobile giants like AUDI are adopting light-emitting diode (LED) light in their lighting modules as it is lightweight and consumes less power than other types of lighting. Electrification and adoption of new lighting systems have assisted the automotive lighting market to expand at a 4.3% CAGR during 2018 to 2022. Key factors driving the popularity of LED lighting amongst manufacturers include its high durability, no maintenance, and low power consumption which makes it highly sought-after for use in luxury and premium car segments.
The rising production of two-wheelers will fuel the demand for automotive lighting. According to World Air Quality Index, India has the third worst air quality in the world with an air quality index of 141. The report also states that PM 2.5 concentration in India is nearly five times above the World Health Organization (WHO) exposure recommendation. Increasing demand for compact smaller vehicles and two-wheelers along with government initiatives to curb pollution is a primary factor driving the growth of the market. As per FMI, the automotive lighting market is expected to expand at a 6.4% CAGR between 2023 and 2033.
The rising inclination towards a luxury lifestyle has fueled the demand for premium cars in developed nations. The rising number of billionaires in developing countries also has fuelled the demand for such vehicles. Increasing sales of luxury vehicles will therefore accelerate the automotive lighting market demand.
The growing population along with increasing per capita income will drive passenger car sales in developing countries. Improving the standard of living in emerging economies will act as a major driver of automotive lighting sales in the region.
Increases in construction activities along with material and machinery transportation have increased the heavy commercial vehicles (HCVs) and light commercial vehicles (LCVs) sales, which also accelerates the automotive lighting market demand.
Growing urbanization along with the adoption of LCV in logistics will increase the automotive lighting demand. The development of electric HCVs and LCVs to reduce pollution, improve safety, and increase autonomy will create growth opportunities throughout the decade.
In the wake of the severe environmental crisis, governments across the globe are focusing on reducing carbon footprint and air pollution. Many countries are even encouraging shifts to two-wheelers and electric vehicles to achieve emission-reduction goals.
According to the USA Environmental Protection Agency, light-duty vehicles (LDVs) produce around 17% of total greenhouse gas emissions in the USA followed by heavy-duty vehicles (HDVs) with 6% of emissions.
Fluctuations in fuel prices, rising environmental awareness, and stringent government regulations regarding greenhouse gas emissions will drive the adoption of electric vehicles. Increasing demand for electric vehicles will push the automotive lighting market growth.
Development in the automotive industry like the incorporation of safety sensors in a lighting system, designing the autonomous system and complete electrification without compromising the aesthetic aspects of automotive lighting will fuel the market demand.
North America is expected to offer lucrative growth opportunities during the forecast period. Future Market Insights has forecasted the North American market to grow at a 6% CAGR throughout the forecast period.
According to the United States Department of Energy, plug-in electric vehicles (PEVs) are experiencing tremendous growth on the back of developing technology and cost reduction. The Introduction of the Tesla Model 3 in 2018 bumped electric vehicle sales. Several other leading automakers are gearing up to join the bandwagon, subsequently creating opportunities for automotive lighting sales.
In 2019, as per the World Economic Forum, the city of Rio de Janeiro, Brazil recorded the second worst traffic congestion in the world with the average person losing around 190 hours to traffic in a year. To tackle such a situation, people are switching to public transport and compact two-wheelers for transportation. The demand for automotive lighting in the region is projected to rise with a CAGR of 5.8% during the forecast period.
Increasing demand for heavy-duty public transport and a rise in sales of two-wheelers will drive the automotive lighting market sales. The introduction of electric buses in public transportation systems will further elevate the automotive lighting market growth.
As per the report by FMI, Brazil is experiencing significant economic growth leading to an increase in per capita income. Increased sales of passenger cars due to increased standard of living are expected to positively influence automotive lighting market demand through the forecast period.
China is experiencing increasing demand for luxury cars in recent years. The high demand can be attributed to increasing spending habits and a thriving economy. According to the statistics from the China Passenger Car Association, around 2.53 billion luxury vehicles were sold in China in 2020 which is about 14.7% greater than that from 2019.
Automakers are developing new technologies and components in line with stringent environment policies and consumer preferences. Automotive lighting manufacturers are working towards developing lightweight, energy-efficient, and aesthetically pleasing interior lighting to meet the demand.
According to a report published by the China Association of Automobile Manufacturers (CAAM), sales of passenger cars in China experienced a 10.8% year-on-year increase as of April 2021. The report also states that the commercial vehicle segment also experienced 2.3% year-on-year growth in terms of sales. Likewise, the sales of automotive lighting in the region are expected to proliferate with a significant CAGR of 6.3% during the forecast period. The thriving automotive industry due to low production costs and improved manufacturing capabilities will accelerate the automotive lighting market growth.
According to the Indian Brand Equity Foundation (IBEF), passenger vehicle sales in India grew by 17.92% in February 2021 compared to sales registered in February 2020. The soaring demand for passenger vehicles in India is expected to fuel the automotive lighting market growth.
As per the National Crime Records Bureau, in 2019, around 1.54 Lakh people died due to road crashes in India. The high mortality rate due to accidents has fuelled the demand for better automotive lighting systems. The development of integrated safety and lighting mechanism in automotive lights will propel the market growth in upcoming years.
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Based on application type, front headlights surpass other lighting systems as it comprises around 62% of the lighting market in 2023.
Utilization of front headlights as a part of the safety system as well in the aesthetic design of premium vehicles will drive the market growth in upcoming years.
Automotive lighting is utilized in the interior design of passenger cars as it serves a wide range of purposes. Increasing demand for customized interior and exterior designing and lighting systems of passenger vehicles is expected to drive the automotive lighting market growth.
The demand of automotive lighting in passenger vehicles is expected to rise with a CAGR of 6.8% during the forecast period. The market will also gain from rising passenger vehicle sales registered globally.
Light-emitting diode (LED) and organic light-emitting diode (OLED) lights are becoming popular owing to their low power consumption and no maintenance. The LED segment is expected to grow with a significant CAGR of 8.4% during the forecast period. LEDs are expected to dominate the market by accumulating over 60% market share in 2023.
Market players are designing and testing ideas involving LED lights as they are compact and very durable. The introduction of LED matrix headlamps and LED daytime running lights in two-wheelers and electric vehicles for safety purposes will further elevate the automotive lighting market demand.
The Original equipment manufacturer (OEM) segment is expected to dominate the market by exhibiting a CAGR of 7% during the forecast period. Growing consumer preference for cars with stunning aesthetics and better aerodynamic shape is encouraging OEMs to offer modern automotive lighting systems which are highly functional and can be flexibly used in the interior and exterior designing of the vehicle.
With the surge in demand for better mileage and safety without compromising the performance of the vehicle, market players are developing and designing automotive lights equipped with safety sensors, to improve the appearance, functionality, and safety of the car.
Start-ups are crucial in identifying growth opportunities, including the automotive lighting market. They effectively translate inputs to outputs and adapt to market uncertainties, contributing to the industry's expansion. Some start-ups are expected to drive growth in the automotive lighting market.
The market for automotive lighting is highly competitive, with numerous prominent industry players making substantial investments in increasing their manufacturing capabilities. The key industry players Koito Manufacturing Co. Ltd., Hella KGaA Hueck & Co., Stanley Electric Co., Valeo SA, Osram Licht AG, Magnetti Marelli and Varroc Group.
Some key developments in the automotive lighting market are:
Report Attribute | Details |
---|---|
Market Value in 2023 | US$ 37.1 billion |
Market Value in 2033 | US$ 69 billion |
Growth Rate | CAGR of 6.4% from 2023 to 2033 |
Base Year for Estimation | 2022 |
Historical Data | 2018 to 2022 |
Forecast Period | 2023 to 2033 |
Quantitative Units | Revenue in US$ billion and CAGR from 2023 to 2033 |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
Segments Covered | Application, Vehicle Type, Light Source, Sales Channel, Region |
Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East & Africa |
Key Countries Profiled | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, India, China, Japan, Malaysia, Singapore, Thailand, South Korea, Australia, New Zealand, GCC Countries, South Africa, Israel |
Key Companies Profiled | Koito Manufacturing Co. Ltd.; Hella KGaA Hueck & Co.; Stanley Electric Co.; Valeo SA; Osram Licht AG; Magnetti Marelli; Varroc Group; ZKW Group; Ichikoh Industries Ltd.; General Electric Company |
Customization & Pricing | Available Upon Request |
The automotive lighting market holds a valuation of US$ 37.1 billion in 2023.
The projected value of the automotive lighting market is anticipated to attain US$ 69 billion by 2033.
The automotive lighting market is anticipated to register a CAGR of 6.4% through 2033.
The United States emerged as a lucrative automotive lighting market, driven by its advanced automotive sector and increasing vehicle sales.
The top trend in the automotive lighting market is the rapid adoption of energy-efficient LED lighting technology for improved visibility and aesthetics.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Application, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Application, 2023 to 2033
5.3.1. Front Headlights
5.3.2. Fog Lights
5.3.3. Rear Lights
5.3.4. Side Lights
5.3.5. Interior Lights
5.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Vehicle Type
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Vehicle Type, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Vehicle Type, 2023 to 2033
6.3.1. Passenger Cars
6.3.1.1. Compact
6.3.1.2. Mid
6.3.1.3. Luxury
6.3.1.4. SUVs
6.3.2. Light Commercial Vehicles
6.3.3. Heavy Commercial Vehicles
6.3.4. Electric Vehicles
6.3.4.1. Battery Electric
6.3.4.2. Plug-in Hybrid Electric
6.3.4.3. Hybrid Electric
6.3.5. Two Wheelers
6.3.5.1. Motorcycles
6.3.5.2. Scooters
6.4. Y-o-Y Growth Trend Analysis By Vehicle Type, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Vehicle Type, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Light Source
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Light Source, 2018 to 2022
7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Light Source, 2023 to 2033
7.3.1. Halogen
7.3.2. LED
7.3.3. Xenon
7.4. Y-o-Y Growth Trend Analysis By Light Source, 2018 to 2022
7.5. Absolute $ Opportunity Analysis By Light Source, 2023 to 2033
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel
8.1. Introduction / Key Findings
8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Sales Channel, 2018 to 2022
8.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Sales Channel, 2023 to 2033
8.3.1. OEM
8.3.2. Aftersales
8.4. Y-o-Y Growth Trend Analysis By Sales Channel, 2018 to 2022
8.5. Absolute $ Opportunity Analysis By Sales Channel, 2023 to 2033
9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
9.1. Introduction
9.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022
9.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033
9.3.1. North America
9.3.2. Latin America
9.3.3. Europe
9.3.4. Asia Pacific
9.3.5. MEA
9.4. Market Attractiveness Analysis By Region
10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. USA
10.2.1.2. Canada
10.2.2. By Application
10.2.3. By Vehicle Type
10.2.4. By Light Source
10.2.5. By Sales Channel
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Application
10.3.3. By Vehicle Type
10.3.4. By Light Source
10.3.5. By Sales Channel
10.4. Key Takeaways
11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. Brazil
11.2.1.2. Mexico
11.2.1.3. Rest of Latin America
11.2.2. By Application
11.2.3. By Vehicle Type
11.2.4. By Light Source
11.2.5. By Sales Channel
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Application
11.3.3. By Vehicle Type
11.3.4. By Light Source
11.3.5. By Sales Channel
11.4. Key Takeaways
12. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. Germany
12.2.1.2. UK
12.2.1.3. France
12.2.1.4. Spain
12.2.1.5. Italy
12.2.1.6. Rest of Europe
12.2.2. By Application
12.2.3. By Vehicle Type
12.2.4. By Light Source
12.2.5. By Sales Channel
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Application
12.3.3. By Vehicle Type
12.3.4. By Light Source
12.3.5. By Sales Channel
12.4. Key Takeaways
13. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. China
13.2.1.2. Japan
13.2.1.3. South Korea
13.2.1.4. Singapore
13.2.1.5. Thailand
13.2.1.6. Indonesia
13.2.1.7. Australia
13.2.1.8. New Zealand
13.2.1.9. Rest of Asia Pacific
13.2.2. By Application
13.2.3. By Vehicle Type
13.2.4. By Light Source
13.2.5. By Sales Channel
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Application
13.3.3. By Vehicle Type
13.3.4. By Light Source
13.3.5. By Sales Channel
13.4. Key Takeaways
14. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
14.2.1. By Country
14.2.1.1. GCC Countries
14.2.1.2. South Africa
14.2.1.3. Israel
14.2.1.4. Rest of MEA
14.2.2. By Application
14.2.3. By Vehicle Type
14.2.4. By Light Source
14.2.5. By Sales Channel
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Application
14.3.3. By Vehicle Type
14.3.4. By Light Source
14.3.5. By Sales Channel
14.4. Key Takeaways
15. Key Countries Market Analysis
15.1. USA
15.1.1. Pricing Analysis
15.1.2. Market Share Analysis, 2022
15.1.2.1. By Application
15.1.2.2. By Vehicle Type
15.1.2.3. By Light Source
15.1.2.4. By Sales Channel
15.2. Canada
15.2.1. Pricing Analysis
15.2.2. Market Share Analysis, 2022
15.2.2.1. By Application
15.2.2.2. By Vehicle Type
15.2.2.3. By Light Source
15.2.2.4. By Sales Channel
15.3. Brazil
15.3.1. Pricing Analysis
15.3.2. Market Share Analysis, 2022
15.3.2.1. By Application
15.3.2.2. By Vehicle Type
15.3.2.3. By Light Source
15.3.2.4. By Sales Channel
15.4. Mexico
15.4.1. Pricing Analysis
15.4.2. Market Share Analysis, 2022
15.4.2.1. By Application
15.4.2.2. By Vehicle Type
15.4.2.3. By Light Source
15.4.2.4. By Sales Channel
15.5. Germany
15.5.1. Pricing Analysis
15.5.2. Market Share Analysis, 2022
15.5.2.1. By Application
15.5.2.2. By Vehicle Type
15.5.2.3. By Light Source
15.5.2.4. By Sales Channel
15.6. UK
15.6.1. Pricing Analysis
15.6.2. Market Share Analysis, 2022
15.6.2.1. By Application
15.6.2.2. By Vehicle Type
15.6.2.3. By Light Source
15.6.2.4. By Sales Channel
15.7. France
15.7.1. Pricing Analysis
15.7.2. Market Share Analysis, 2022
15.7.2.1. By Application
15.7.2.2. By Vehicle Type
15.7.2.3. By Light Source
15.7.2.4. By Sales Channel
15.8. Spain
15.8.1. Pricing Analysis
15.8.2. Market Share Analysis, 2022
15.8.2.1. By Application
15.8.2.2. By Vehicle Type
15.8.2.3. By Light Source
15.8.2.4. By Sales Channel
15.9. Italy
15.9.1. Pricing Analysis
15.9.2. Market Share Analysis, 2022
15.9.2.1. By Application
15.9.2.2. By Vehicle Type
15.9.2.3. By Light Source
15.9.2.4. By Sales Channel
15.10. China
15.10.1. Pricing Analysis
15.10.2. Market Share Analysis, 2022
15.10.2.1. By Application
15.10.2.2. By Vehicle Type
15.10.2.3. By Light Source
15.10.2.4. By Sales Channel
15.11. Japan
15.11.1. Pricing Analysis
15.11.2. Market Share Analysis, 2022
15.11.2.1. By Application
15.11.2.2. By Vehicle Type
15.11.2.3. By Light Source
15.11.2.4. By Sales Channel
15.12. South Korea
15.12.1. Pricing Analysis
15.12.2. Market Share Analysis, 2022
15.12.2.1. By Application
15.12.2.2. By Vehicle Type
15.12.2.3. By Light Source
15.12.2.4. By Sales Channel
15.13. Singapore
15.13.1. Pricing Analysis
15.13.2. Market Share Analysis, 2022
15.13.2.1. By Application
15.13.2.2. By Vehicle Type
15.13.2.3. By Light Source
15.13.2.4. By Sales Channel
15.14. Thailand
15.14.1. Pricing Analysis
15.14.2. Market Share Analysis, 2022
15.14.2.1. By Application
15.14.2.2. By Vehicle Type
15.14.2.3. By Light Source
15.14.2.4. By Sales Channel
15.15. Indonesia
15.15.1. Pricing Analysis
15.15.2. Market Share Analysis, 2022
15.15.2.1. By Application
15.15.2.2. By Vehicle Type
15.15.2.3. By Light Source
15.15.2.4. By Sales Channel
15.16. Australia
15.16.1. Pricing Analysis
15.16.2. Market Share Analysis, 2022
15.16.2.1. By Application
15.16.2.2. By Vehicle Type
15.16.2.3. By Light Source
15.16.2.4. By Sales Channel
15.17. New Zealand
15.17.1. Pricing Analysis
15.17.2. Market Share Analysis, 2022
15.17.2.1. By Application
15.17.2.2. By Vehicle Type
15.17.2.3. By Light Source
15.17.2.4. By Sales Channel
15.18. GCC Countries
15.18.1. Pricing Analysis
15.18.2. Market Share Analysis, 2022
15.18.2.1. By Application
15.18.2.2. By Vehicle Type
15.18.2.3. By Light Source
15.18.2.4. By Sales Channel
15.19. South Africa
15.19.1. Pricing Analysis
15.19.2. Market Share Analysis, 2022
15.19.2.1. By Application
15.19.2.2. By Vehicle Type
15.19.2.3. By Light Source
15.19.2.4. By Sales Channel
15.20. Israel
15.20.1. Pricing Analysis
15.20.2. Market Share Analysis, 2022
15.20.2.1. By Application
15.20.2.2. By Vehicle Type
15.20.2.3. By Light Source
15.20.2.4. By Sales Channel
16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1. By Regional
16.3.2. By Application
16.3.3. By Vehicle Type
16.3.4. By Light Source
16.3.5. By Sales Channel
17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. Koito Manufacturing Co. Ltd.
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.1.5.2. Product Strategy
17.1.1.5.3. Channel Strategy
17.1.2. Hella KGaA Hueck & Co.
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.2.5.2. Product Strategy
17.1.2.5.3. Channel Strategy
17.1.3. Stanley Electric Co.
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.3.5.2. Product Strategy
17.1.3.5.3. Channel Strategy
17.1.4. Valeo SA
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.4.5.2. Product Strategy
17.1.4.5.3. Channel Strategy
17.1.5. Osram Licht AG
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.5.5.2. Product Strategy
17.1.5.5.3. Channel Strategy
17.1.6. Magnetti Marelli
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Profitability by Market Segments
17.1.6.4. Sales Footprint
17.1.6.5. Strategy Overview
17.1.6.5.1. Marketing Strategy
17.1.6.5.2. Product Strategy
17.1.6.5.3. Channel Strategy
17.1.7. Varroc Group
17.1.7.1. Overview
17.1.7.2. Product Portfolio
17.1.7.3. Profitability by Market Segments
17.1.7.4. Sales Footprint
17.1.7.5. Strategy Overview
17.1.7.5.1. Marketing Strategy
17.1.7.5.2. Product Strategy
17.1.7.5.3. Channel Strategy
17.1.8. ZKW Group
17.1.8.1. Overview
17.1.8.2. Product Portfolio
17.1.8.3. Profitability by Market Segments
17.1.8.4. Sales Footprint
17.1.8.5. Strategy Overview
17.1.8.5.1. Marketing Strategy
17.1.8.5.2. Product Strategy
17.1.8.5.3. Channel Strategy
17.1.9. Ichikoh Industries, Ltd
17.1.9.1. Overview
17.1.9.2. Product Portfolio
17.1.9.3. Profitability by Market Segments
17.1.9.4. Sales Footprint
17.1.9.5. Strategy Overview
17.1.9.5.1. Marketing Strategy
17.1.9.5.2. Product Strategy
17.1.9.5.3. Channel Strategy
17.1.10. General Electric Company
17.1.10.1. Overview
17.1.10.2. Product Portfolio
17.1.10.3. Profitability by Market Segments
17.1.10.4. Sales Footprint
17.1.10.5. Strategy Overview
17.1.10.5.1. Marketing Strategy
17.1.10.5.2. Product Strategy
17.1.10.5.3. Channel Strategy
18. Assumptions & Acronyms Used
19. Research Methodology
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