On-Highway Vehicle Lighting Market by Product (Brake Lights, Fog Lights, Headlamps, Rear Lamps), Application (Passenger Cars, Commercial Vehicles, Other Applications), and Geography - Global Industry Analysis, Opportunities and Forecast up to 2029

On-Highway Vehicle Lighting Market Size

The global on-highway vehicle lighting market size was valued at $30.31 billion in 2023 and is projected to reach $43.00 billion by 2029, growing at a CAGR of 6.0% from 2023 to 2029.

On-Highway Vehicle Lighting Market Overview

On-highway vehicle lighting refers to the lighting systems and components installed on vehicles primarily designed for use on public roads, including cars, trucks, buses, motorcycles, and other road-going vehicles. These lighting systems serve crucial functions in ensuring safety, visibility, and communication on the road. Standard on-highway vehicle lighting includes headlights for illuminating the road ahead, taillights and brake lights to signal the vehicle's movements and stops, turn signals for indicating changes in direction, and various other lights such as marker lights and license plate lights. These lighting elements are essential for maintaining visibility during different driving conditions and for signaling intentions to other road users. On-highway vehicle lighting is subject to regulations and standards to ensure uniformity and safety, with advancements in technology continuously influencing the design and efficiency of these lighting systems.

Market Dynamics:

Growth Drivers

• Increasing demand for road safety and security.
• Development of cutting-edge lighting technologies.

Constraints

• High initial cost of sophisticated lighting systems.
• Requirement for ongoing maintenance of the lighting systems.

Market Segmentation:

The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:

Based on the product, the market is bifurcated into brake lights, fog lights, headlamps, and rear lamps.

By application, the market is fragmented into passenger cars, commercial vehicles, and other applications.

List of the Key Players Profiled in the Report Includes:

• General Electric Company
• Hella GmbH & Co. KGaA
• Koito Manufacturing Co., Ltd.
• Magneti Marelli S.p.A.
• Osram GmbH
• Philips Lighting Holding B.V.
• Stanley Electric Co., Ltd.
• Valeo SA
• Varroc Lighting Systems
• Zizala Lichtsysteme GmbH

Market by, Geography:

The on-highway vehicle lighting market report also analyzes the major geographic regions and countries of the market. The regions and countries covered in the study include:

• North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis
• Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis
• Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis
• South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis
• Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis.

The report “Global On-Highway Vehicle Lighting Market: Industry Analysis, Opportunities and Forecast up to 2029” by Diligence Insights provides a detailed analysis of the present market and future outlook with market estimates and forecasts for all specified segments, encompassing both global and regional perspectives as outlined within the research framework. The study includes historical market data for the years 2021, 2022 and offers revenue estimations for 2023, and project forecasts spanning from 2024 to 2029. It places significant emphasis on the examination of market trends, key industry participants, supply chain developments, technological advancements, pivotal milestones, and prospective strategies. Comprehensive market assessments are carried out across major geographic regions, including North America, Europe, Asia Pacific, South America, and Middle East & Africa. As such, this report constitutes a valuable resource for current industry stakeholders, newcomers to the field, and potential investors.

The study offers an in-depth market analysis, drawing insights from industry experts across the value chain. A special focus has been made on 25 countries, including the United States, Canada, Mexico, the United Kingdom, Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, and South Africa, among others. The market data has been meticulously collected through extensive primary interviews and comprehensive secondary research. Market size determination is rooted in the revenue generated from sales across all the specified segments and sub-segments as defined within the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.

What Can be Explored with this Research Report:

• Understand the key trends that will drive the market and the challenges it faces in the current market scenario.
• Identify growth opportunities.
• Porter’s five force analysis.
• In-depth analysis of market segments, and regions/countries predicted to observe promising growth.
• Historical and forecast size of the market in terms of revenue (USD Million).
• Company profiling with key products and solution offerings, key financial information, SWOT analysis, and business strategies adopted.

Table Of Content

1 Market Introduction 
 1.1 Market Definition 
 1.2 Research Scope and Segmentation 
 1.3 Stakeholders 
 1.4 List of Abbreviations 
 
2 Executive Summary 
 
3 Research Methodology 
 3.1 Identification of Data 
 3.2 Evaluation of Market Dynamics 
 3.3 Collaboration of Data 
 3.4 Verification and Analysis 
 3.5 Research Approach 
 3.6 Data Sources and Assumptions 
 
4 Market Dynamics 
 4.1 Market Drivers 
 4.2 Market Restraints 
 4.3 Market Opportunities 
 4.4 Market Challenges 
 4.5 Impact of COVID-19 on the On-Highway Vehicle Lighting Market 
 
5 Porter's Five Force Analysis 
 5.1 Bargaining Power of Suppliers 
 5.2 Bargaining Power of Buyers 
 5.3 Threat of New Entrants 
 5.4 Threat of Substitutes 
 5.5 Competitive Rivalry in the Market 
 
6 Global On-Highway Vehicle Lighting Market by, Product 
 6.1 Overview 
 6.2 Brake Lights 
 6.3 Fog Lights 
 6.4 Headlamps 
 6.5 Rear Lamps 
 
7 Global On-Highway Vehicle Lighting Market by, Application 
 7.1 Overview 
 7.2 Passenger Cars 
 7.3 Commercial Vehicles 
 7.4 Other Applications 
 
8 Global On-Highway Vehicle Lighting Market by, Geography 
 8.1 Overview 
 8.2 North America 
 8.2.1 US
 8.2.2 Canada
 8.2.3 Mexico
 8.3 Europe 
 8.3.1 Germany
 8.3.2 France
 8.3.3 UK
 8.3.4 Italy
 8.3.5 Spain
 8.3.6 Rest of Europe
 8.4 Asia Pacific 
 8.4.1 China
 8.4.2 Japan
 8.4.3 India
 8.4.4 South Korea
 8.4.5 Australia
 8.4.6 New Zealand
 8.4.7 Rest of Asia Pacific
 8.5 South America 
 8.5.1 Brazil
 8.5.2 Argentina
 8.5.3 Chile
 8.5.4 Rest of South America
 8.6 Middle East & Africa 
 8.6.1 UAE
 8.6.2 Saudi Arabia
 8.6.3 Qatar
 8.6.4 Iran
 8.6.5 South Africa
 8.6.6 Rest of Middle East & Africa
 
9 Key Developments 
 
10 Company Profiling 
 10.1 General Electric Company 
 10.1.1 Business Overview
 10.1.2 Product/Service Offering
 10.1.3 Financial Overview
 10.1.4 SWOT Analysis
 10.1.5 Key Activities
 10.2 Hella GmbH & Co. KGaA 
 10.3 Koito Manufacturing Co., Ltd. 
 10.4 Magneti Marelli S.p.A. 
 10.5 Osram GmbH 
 10.6 Philips Lighting Holding B.V. 
 10.7 Stanley Electric Co., Ltd. 
 10.8 Valeo SA 
 10.9 Varroc Lighting Systems 
 10.10 Zizala Lichtsysteme GmbH