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Automotive lighting market size 2016-2022. <i>(Source: Yole Développement)</i>
Automotive lighting market size 2016-2022. (Source: Yole Développement)
Photo: 123

A faster than anticipated growth will see the automotive lighting market, totaled US$25.7 billion in 2016, reaching US$35.9 billion in 2022 with a compound annual growth rate (CAGR) of 5.7%, thanks to wider adoption of light-emitting diode (LED) technology, according to Yole Développement.

In 2017, the market should be close to US$27.7 billion.

Since the first full LED headlamp was introduced in 2007, LED technology has gradually penetrated headlamp design. Standardization of LED modules and their optimization are key factors behind decreasing costs. This has resulted in more vehicles equipped with LED technology.

Automotive lighting is driven by exterior lighting and especially headlamps, generating more than two-thirds of the total market revenue. Rear lighting is the second largest area, representing 17% of total market revenue. Interior lighting represents almost 10% of revenue but growth is expected to be linked to the development of autonomous vehicles and the creation of vehicles as "living homes", reported Yole.

Other types of lighting, such as fog lamps, Center High Mounted Signal Light (CHMSL) or small lamps, comprised the remaining 7% of revenue in 2016.

Glare-free adaptive headlamps were made possible by the development of LED matrix systems splitting the front beam into up to 25 vertical segments. Such systems add value by keeping the high beam enabled even when there is oncoming traffic and therefore increasing the driver's night visibility.

Today, the highest matrix resolution commercially available has 84 pixels per headlamp, making it possible for the system to create sharp masking zones. But the increase in headlamp resolution has just started, as car manufacturers and Tier-1 manufacturers are developing new technologies to increase it.

According to the report, very small/micro LEDs, laser or Liquid Crystal Display (LCD) light sources with resolutions ranging from 2,000 pixels to more than 500,000 pixels per headlamp are under development. They can create new light functions such as roadway marking, driver support or pedestrian interaction.

The main purpose of lighting will no longer be the best visibility for the driver. The focus will become communication with the environment of the car. Many concepts and proposals have been made for autonomous vehicles and concerns include safety and acceptance by pedestrians, but standard and regulations have to be defined, said Yole.

The automotive lighting industry is in the hands of five players: Japan's Koito and Stanley, Italy's Magneti Marelli, France's Valeo, and Germany's Hella. Among 20 competing companies, the big five received 80% of the total automotive lighting revenue in 2016.

However, the report noted that these companies are being challenged by smaller ones like India's Varroc Lighting Systems and Austria's ZKW, who are focused on integrating new components and technologies using laser or OLED light sources and developing new lighting systems, electronics and/or software.

Some players are growing faster than the market, said the report. Japan's Ichikoh is taking advantage of its takeover by Valeo. China's Xingyu benefits from the fast growth of the Chinese automotive market, which will boom in the next five years. Asia, and mostly China, represents the next main opportunity in the automotive market, with nearly 65% of vehicles to be sold in the region between 2017 and 2022.

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