Automotive Exterior Smart Lighting Market
The automotive smart lighting market size is expected to grow from USD 21 billion in 2023 to USD 34.5 Billion by 2030, at a CAGR of 5.40% during the forecast period 2023-2030. Automotive exterior lighting serves to ensure safety in road traffic.
The extensive price-wars among APAC manufacturers are encouraging them to expand their business in the North American and European market to attract new consumers. The growing adoption of automotive sensors and the use of energy efficient lightings such as LED and OLED will boost sales in the global market.
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Key features and components of automotive exterior smart lighting include:
Adaptive Headlights: These headlights can adjust their beam patterns based on factors like vehicle speed, steering angle, road conditions, and surrounding traffic. They help improve visibility while reducing glare for other drivers.
Dynamic Turn Signals: Instead of static turn signals, dynamic turn signals use sequential lighting patterns to indicate the intended direction of the vehicle's movement. This enhances visibility and catches the attention of nearby drivers.
Ambient Lighting: Ambient lighting involves the use of LED strips or light sources placed in various interior and exterior parts of the vehicle to create a pleasant and customizable lighting environment. It enhances the vehicle's aesthetics and creates a unique driving experience.
Adaptive Brake Lights: Similar to adaptive headlights, these brake lights can adjust their intensity based on the force applied to the brakes. They can help convey the urgency of braking to following vehicles.
Welcome and Farewell Lighting: When the driver approaches or leaves the vehicle, smart lighting systems can illuminate specific areas around the car, providing a welcome or farewell lighting effect.
High-Definition Matrix Lighting: Matrix lighting systems use multiple individual LEDs that can be controlled independently to create highly customizable lighting patterns on the road. This technology can adjust the intensity and direction of light to improve visibility and avoid glare for other drivers.
Communication Lighting: Vehicles equipped with communication lighting systems can project signals or symbols onto the road or nearby surfaces to communicate with pedestrians, cyclists, or other drivers. For example, they could project a crosswalk signal to indicate that pedestrians are crossing.
LiDAR-Integrated Lighting: Some advanced lighting systems are integrated with LiDAR (Light Detection and Ranging) sensors to provide additional data for adaptive lighting adjustments, especially in autonomous or semi-autonomous vehicles.
Energy Efficiency: Smart lighting systems often incorporate energy-efficient LED technology, which consumes less power compared to traditional halogen or incandescent bulbs. This can contribute to improved fuel efficiency in conventional vehicles and extended battery life in electric vehicles.
Automotive Exterior Lighting System Market – Dynamics
The benefits associated with, and declining prices of LED lights is boosting the demand in the global automotive exterior lighting market. The increasing investment in R&D activities to make LED technology accessible for all car segments at affordable prices will fuel the sales of these lights in the global market. ADAS solutions are designed to prevent accidents by either assisting or taking control of the vehicle in cases of potential collisions.
The leading OEMs are shifting from incandescent bulbs to newer forms of lighting such as LED, OLED, and laser to attract new consumer groups and gain a larger market share. The laser lights have double power and have a maximum range from 984.25 feet to 1968.5 feet without sacrificing the electrical efficiency. The laser lights are smaller in size offering vendors flexibility add additional technologies. The power efficiency of these lights will attribute to the growing demand of these lights in the global automotive exterior lighting market.
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Automotive Exterior Lighting System Market – Segmentation
This market research report includes a detailed segmentation of the market by product type, vehicle type, end-users, and geography. Headlamps segment dominated almost 3/4th of the market share in 2017, growing at a CAGR of around 6% during the forecast period. The increasing adoption of LED and laser headlights is augmenting the growth of this segment in the global market. The use of LED lights that allows the manufacturing of lightweight and thin rear lamps will boost the sales in the automotive exterior lighting system market.
Market Segmentation by Product Type
Headlamps
Rear Lamps
Fog Lamps
Others
Market Segmentation by Vehicle Type
Economy
Mid-Priced
Luxury
Market Segmentation by End-users
OEM
Aftermarket
Automotive Exterior Lighting System Market - Geography
The increasing demand for electric vehicles is one of the primary factors driving the growth of the European region in the global market. The massive growth of the automotive industry across the Central and Eastern Europe will create new avenues in the automotive exterior lighting system market. Countries such as Germany, Spain, and the UK are the largest revenue generator in the European market.
Market Segmentation by Geography
APAC
China
Japan
India
Europe
Germany
North America
US
Mexico
Latin America
Brazil
MEA
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