Global Lighting Market for ICE and EVs  Size and Overview

The lighting system in a vehicle comprises lighting and signaling devices that are integrated into the front, side, and rear of the vehicle. The growth in vehicle demand and increasing safety enhancements have steered the adoption of lighting.

The increase in the demand for advanced lighting solutions coupled with the growth in premium segment vehicles has proliferated growth of the lighting market for ICE and EVs. However, high R&D investments and high costs have hindered the growth of the market.

The lighting market for ICE and EVs is segmented based on technology, position, application, and geography. Vibration Halogen, LED, and Xenon are analyzed in the segmentation by technology. Further, the lighting market for ICE and EVs is segmented by position into front, side, rear, and interior lighting. Based on application, the market is sub-divided into head, tail, side, DRL, fog, CHMSL, glovebox, dashboard, dome, reading, and rear view mirror. Geographically, the lighting market for ICE and EVs is sub-divided into North America, Europe, Asia-Pacific, and Rest of the world.

The key market players operating in the lighting market for ICE and EVs include Hella KGaA Hueck & Co., Magneti Marelli, Koito Manufacturing Co. Ltd., Stanley Electric, Valeo S.A., Osram GmbH, General Electric, Ichikoh Industries, Hyundai Mobis, and Koninklijke Philips among others.

LIGHTING MARKET FOR ICE AND EVS SEGMENTS

Market By Technology

•    Halogen

•    LED

•    Xenon

Market By Position

•    Front

•    Side

•    Rear

•    Interior

Market By Application

•    Head

•    Tail

•    Side

•    DRL

•    Fog

•    CHMSL

•    Glovebox

•    Dashboard

•    Dome

•    Reading

•    Rear view mirror

Market By Geography

•    North America

•    Europe

•    Asia Pacific

•    Rest of the world

KEY PLAYERS

•    Hella KGaA Hueck & Co.

•    Magneti Marelli

•    Koito Manufacturing Co. Ltd.

•    Stanley Electric

•    Valeo S.A.

•    Osram GmbH

•    General Electric

•    Ichikoh Industries

•    Hyundai Mobis

•    Koninklijke Philips