Automotive Exterior Smart Lighting Market Research Report - Global Forecast till 2027

Global Automotive Exterior Smart Lighting Market Research Report: by Product (Parking Light, Fog Light Front, Fog Light Rear, Stop Light, Side Signals/ Warning Lights, Head Lamp, Brake/Tail Light, License/Number Plate and Panel Lights), By Vehicle Type (Passenger Cars and Commercial Vehicles), By Technology (Halogen, Xenon, LED and Others) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2027

ID: MRFR/AM/8616-HCR | February 2021 | Region: Global | 120 pages

Please note that the assessment period of the report has been updated from 2020-2026 to 2020-2027. Cordially fill Sample form for the updated data.

Market Scenario


The lighting system of a motor vehicle consists of lighting and signaling devices mounted on the front, rear, sides, and in some cases on the top that lights the roadway for the driver. The system also makes the vehicle more visible, especially in low light conditions. It gives warning to other drivers and pedestrians of a vehicle's presence and direction of travel.


Global Automotive Exterior Smart Lighting Market size is anticipated to register a CAGR of 6% between 2020 and 2026.


The demand for automotive exterior smart lighting systems has been constantly proliferating in rear and front lighting functions of vehicles. Today, advanced headlamps and tail lights, fog lights, DRLs (daytime running lights), turn indicators, signal lamps, CHMSLs (center high mount stop lights), parking lights, and number plate lights in modern vehicles majorly rely on the automotive exterior smart lighting technology. However, headlamps will remain a significant revenue shareholder in the automotive exterior smart lighting market through the foreseeable future.


Key industry participants in the automotive exterior smart lighting market include Koito Manufacturing Co. Ltd (Japan), Stanley Electric Co. Ltd (Japan), Valeo Group (France), OsRam Licht AG (Germany), Magneti Marelli SpA (Italy), HELLA KGaA Hueck & Co. (Germany), Hyundai Mobis (South Korea), Mitsuba Corporation (Japan), Lumax Industries (India), and Koninklijke Philips N.V. (Netherlands).


The global automotive exterior smart lighting market has been segmented based on product, vehicle type, and technology. Based on product, the global market is divided into front light, parking light, fog light front, fog light rear, stop light, side signals/warning lights, head lamp, brake/tail light, license/number plate, panel lights. The head lamp product segment contributed significantly to the global automotive exterior smart lighting market in 2019.


Based on vehicle type, the global automotive exterior smart lighting market is segmented into passenger cars and commercial vehicles. Passenger cars contained a significant share of the global market because of the increasing disposable income, rising four-wheeler sales, and growing preference for automotive vehicles. However, the rising fuel prices are anticipated to moderately restrain the market.


Based on technology, the global automotive exterior smart lighting market has been divided into halogen, xenon, LED, and others. The halogen technology segment held a significant market share owing to its wide usage. However, the LED technology segment is anticipated to grow significantly in the coming years.


Global Automotive Exterior Smart Lighting Market size is anticipated to register a CAGR of 6% between 2020 and 2026.


Market Segmentation
Automotive Exterior Smart Lighting Market


The global automotive exterior smart lighting market is expected to witness decent growth during the forecast period owing to the decreasing led prices, stringent regulations regarding vehicle safety, and increasing awareness pertaining to vehicle safety. This is likely to drive the demand for automotive exterior smart lighting products in the coming years.


Based on region, the automotive exterior smart lighting market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific is expected to be the largest market for automotive exterior smart lighting. It is among the leading automobile producer and markets in the world. China, India, and Japan are the major economies in the region that are anticipated to grow at a significant rate.


Key Players


Key industry participants in the automotive exterior smart lighting market include Koito Manufacturing Co. Ltd (Japan), Stanley Electric Co. Ltd (Japan), Valeo Group (France), OsRam Licht AG (Germany), Magneti Marelli SpA (Italy), HELLA KGaA Hueck & Co. (Germany), Hyundai Mobis (South Korea), Mitsuba Corporation (Japan), Lumax Industries (India), and Koninklijke Philips N.V. (Netherlands)


Intended Audience



  • Government and Research Organization

  • Consulting Companies in the Automotive Exterior Smart Lighting Market

  • Raw Material Suppliers

  • Research Consultants

  • Investors and Shareholders



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   6% (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Product, Vehicle Type, Technology
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Koito Manufacturing Co. Ltd (Japan), Stanley Electric Co. Ltd (Japan), Valeo Group (France), OsRam Licht AG (Germany), Magneti Marelli SpA (Italy), HELLA KGaA Hueck & Co. (Germany), Hyundai Mobis (South Korea), Mitsuba Corporation (Japan), Lumax Industries (India), and Koninklijke Philips N.V. (Netherlands)
  Key Market Opportunities   Increasing demand for automotive exterior smart lighting systems
  Key Market Drivers

  • decreasing led prices
  • stringent regulations regarding vehicle safety
  • increasing awareness pertaining to vehicle safety


  • Frequently Asked Questions (FAQ) :


    The global automotive exterior smart lighting market is predicted to grow at a 6% CAGR between 2020- 2026.

    Asia Pacific will lead the automotive exterior smart lighting market.

    Decreasing LED prices and awareness about vehicle safety are driving the global automotive exterior smart lighting market growth.

    Rising fuel prices may limit the global automotive exterior smart lighting market.

    Key contenders profiled in the global automotive exterior smart lighting market include Koito Manufacturing Co. Ltd (Japan), Stanley Electric Co. Ltd (Japan), Valeo Group (France), OsRam Licht AG (Germany), Magneti Marelli SpA (Italy), HELLA KGaA Hueck & Co. (Germany), Hyundai Mobis (South Korea), Mitsuba Corporation (Japan), Lumax Industries (India), and Koninklijke Philips N.V. (Netherlands).