The automotive lighting market in Europe is expected to grow from US$ 6.76 Bn in 2018 to US$ 8.63 Bn by the year 2027. This represents a CAGR of 2.9% from the year 2019 to 2027.
Vehicle lighting systems are gaining high traction worldwide. The car manufacturers need to ensure that their products, and ultimately the car parts, comply with various regulations to meet the international standards, which ensures the safety of drivers and passengers. For instance, automotive lightings marketed by HELLA GmbH comply with SAE and ECE regulations. The SAE International Lighting Standard Committee is a standardization body that is involved in developing standards for the benefits of drivers and passengers. Recently, the committee has published a standard J3069 for adaptive drive beam (ADB) headlamps, in which LD and LED light sources are used, and the beam is dynamically controlled.
ECE R98/99 for the headlamps with gas-discharge lamps, ECE R112 for the headlamps with asymmetric low beam, ECE R123 for advanced front-lighting systems, 76/761/EEC and ECE R1 and R2 for headlamps with high and low beam bulbs are among the standards set for automotive lightings.
Currently, Germany is dominating the automotive lighting market in terms of installation, which in turn boosts the demand for the automotive lighting market in the region. Germany has the presence of some of the major automotive manufacturers, such as Ford, Opel, Volkswagen AG, BMW AG, and Daimler AG. Automotive manufacturers focus on integrating advanced lighting solutions in vehicles, which is, in turn, supporting the growth of the automotive lighting solutions market in the country. Also, the country has various luxury car manufacturers that are integrating advanced automotive lighting solutions to provide better features, thereby driving the growth of the automotive lighting market. The figure given below highlights the revenue share of Rest of Europe in the Europe automotive lighting market in the forecast period:
EUROPE AUTOMOTIVE LIGHTING MARKET - SEGMENTATION
Europe Automotive Lighting Market - By Service
Europe Automotive Lighting Market - By Application
Europe Automotive Lighting Market - By Vehicle Type
Europe Automotive Lighting Market - By Country
Europe Automotive Lighting Market - Companies Mentioned
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 6.76 Billion |
| Market Size by 2027 | US$ 8.63 Billion |
| CAGR (2019 - 2027) | 2.9% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Technology
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe Automotive Lighting Market is valued at US$ 6.76 Billion in 2018, it is projected to reach US$ 8.63 Billion by 2027.
As per our report Europe Automotive Lighting Market, the market size is valued at US$ 6.76 Billion in 2018, projecting it to reach US$ 8.63 Billion by 2027. This translates to a CAGR of approximately 2.9% during the forecast period.
The Europe Automotive Lighting Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Automotive Lighting Market report:
The Europe Automotive Lighting Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Automotive Lighting Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Automotive Lighting Market value chain can benefit from the information contained in a comprehensive market report.
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