Europe Automotive Lighting Market 2024-2030

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    Published- Nov 2021 Number Of Pages -105 2022 Update Updates for 2024 Coming Soon

    EUROPE AUTOMOTIVE LIGHTING MARKET

     

    KEY FINDINGS

    1. Global Automotive Lighting is roughly $ 26-27 Billion. Out of which overall Europe lighting sector accounts for ~33% of the market. The revenue generated from only the passenger cars accounts for 50% of this overall European revenue
    2. In Europe, there was a 66% increase in EV sales in 2021. As the LED adoption in EVs is significantly more compared to ICE vehicles the market value will be driven by EVs
    3. Headlamp will continue to contribute 63% of the overall lighting revenue. However, the price-wise the segment is not expected to witness too much variation
    4. Value-wise the Others Segment consisting of DRLs, Signalling & interiors is expected to have higher growth in the period. The primary reason is the increase in penetration of interior lighting
    5. The headlamp continued to contribute ~63% of the overall lighting revenue.
    6. Technology-wise the HID penetration is expected to fall further and is expected to account for a negligible share in 2026.
    7. Due to the simplicity in implementation of LED in the design, and decreased price compared to headlights, every OEM introduce LED in the tail lamps before headlamps
    8. In Europe, most of the top sellers were equipped with LED projector headlamps compared to LED reflector ones
    9. In Europe, there has been a 157% increase in EV sales in the period Jan-Jul in 2021. As the LED adoption in EVs is significantly more compared to ICE vehicles the market value will be driven by EVs
    10. The biggest shift will be witnessed in the Vehicle type segment. The EVs are expected to be the market leaders in this segment by the 2026 period.
    11. The increased fitment of adaptive LED headlights in the upcoming EVs will increase the market value of the lighting in EV Segment
    12. The average price of lighting content will not witness see a drastic jump. The increase in price is expected by minimal in halogen & ‘others’ segment in the technology segment.
    13. Of the overall automotive lighting content of a vehicle Headlights occupy ~60% of that price, followed by tail lamps and High Mount Stop Lamps, Fog lamps and rest of the lighting types  
    14. The European Lighting market is dominated by European players. German car OEMs account for a high share in the European passenger market as a result 2 of the top 3 lighting suppliers are German-based too.
      • Top 5 Lighting Companies generated revenue of ~$ 3.8 Billion i.e., approximately 89.1% of the overall revenue

     

    In 2019, Europe witnessed an annual sale of 15.8 million units of passenger vehicles. The only region to witness a significant rise in car sales in the year 2019.

     

    In 2020, the sales dropped by almost 24% and the annual sales were 11.95M units. This had a direct influence on the lighting market as the revenue generated in the lighting sector dropped by ~29% in 2020

     

    In 2021, passenger car sales fell by 1.5% due to critical shortages of semiconductors and a coronavirus resurgence

     

    Since automotive sales volume-wise Europe is a saturated market, there will not be a steep rise in sales in the period

     

    EUROPE AUTOMOTIVE LIGHTING MARKET SEGMENTATION

     

    The Europe Automotive Lighting Market can be segmented into following categories for further analysis.

     

    Europe Automotive Lighting Market By Technology

    • Halogen
    • HID
    • LED
    • Others

    Europe Automotive Lighting Market By Position

    • Front Lighting
    • Rear Lighting
    • Signalling, DRLs & Others

    Europe Automotive Lighting Market By Vehicle Type

    • ICE
    • EV

     

    EUROPE AUTOMOTIVE LIGHTING MARKET DYNAMICS

     

    SI No Company/Region Developments
    1 Europe Ford’s Fiesta and Focus models are the entry vehicles in Europe, i.e. segment A & B, and are switching from almost 80% of halogen to 100% of LED

    One of the main drivers for this is the emission constraint

     

    2 Europe High adoption of LED in interior lighting particularly in premium segment cars will propel the market value in Europe
    3 Europe Every top selling EV model in Europe Tesla Model 3, Renault Zoe, VW ID.3 & VW ID.4 are equipped with LEDs in all positions increasing the market value of the segment

     

    4 Europe The budget models in UK and across Europe have adopted for halogen lighting, thus reducing the LED penetration in the region. LEDs had comparatively higher penetration in tail lamp segment than other regions
    5 Europe EV Market LED penetration in Europe is much higher among EVs, and almost every top selling EV in the region is equipped with the LED headlights
    6 Europe EV Market With the increase in emission standards, the sale of EVs is expected to flourish more aggressively leading to increased overall penetration in the region

    Unlike US and China, Europe’s major chunk of new car sales are acquired by hatchback vehicles and this resulted in comparatively less penetration of LED in headlights segment. However, the tail lamp’s LED fitment in the region was one of the highest than most other regions.

     

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    In Europe the top selling models had comparatively higher adoption of adaptive headlights than other markets.

     

    Joint research into novel lighting technologies has been launched by Opel and the Technical University of Darmstadt (TU Darmstadt). The collaboration is a component of the reputable universities’ global Stellantis research network.

     

    Scientific knowledge is currently being acquired in 15 so-called “OpenLabs” for application in technological systems of upcoming vehicle generations. A new era of lighting technologies will be possible thanks to the strategic relationship with TU Darmstadt, the first Stellantis OpenLab in Germany.

     

    Modern adaptive light systems improve driving safety and comfort by integrating with a variety of support systems. Opel wants to create brand-new lighting systems and market them in collaboration with TU Darmstadt.

     

    EUROPE AUTOMOTIVE LIGHTING MARKET BASED ON TECHNOLOGY

    Halogen headlights among the top selling cars were mostly Halogen Reflectors and only about 1/3 of Halogen headlamps were Projector type.

     

    In the EVs segment almost every top selling EVs were equipped with the LED headlights regardless the car segment.

     

    In ultra-premium segment, BMW in 7 of its models is offering Laser headlights and in coming years more OEMs are bound to provide this feature.

     

    Among the top selling OEMs VW Group, Renault, PSA Group and Toyota, Volkswagen vehicles had highest penetration of LED headlights in the region. Budget cars from FCA, Renault had sub-par LED headlights fitment in the region.

     

    In contrast to poor LED fitment in headlight segment in budget cars, the same car models had rear tail lamp equipped boosting the regions LED volume.

     

    EUROPE AUTOMOTIVE LIGHTING MARKET BY POSITION

    In the headlights segment the region had the highest penetration for Halogen headlamps than any other major market. In premium segment few of the Audi models were equipped with HID headlights in few of those variants, which was absent in the top selling cars.

     

    In rear tail lamp segment, VW group cars such as VW Passat, Skoda Fabia and Seat Leon were equipped with rear LED combination lamp.

     

    Many models of premium and ultra-premium cars from Mercedes Benz are equipped with OLED tail lamps increasing the market value of rear lighting segment.

     

    infographic: Europe Automotive Lighting Market, europe automotive lighting market size, europe automotive lighting market trends and forecast, europe automotive lighting market risks, europe automotive lighting market report

    Europe had the highest penetration of LED DRLs among the top selling vehicles, than any other region contributing to high LED volume.

     

    Although Europe had higher penetration of front fog lamps in the top sellers, the LED adoption in this segment has been comparatively less.

     

    Europe region one of the lowest penetration in LED in interior and signalling segment.

     

    EUROPE AUTOMOTIVE LIGHTING MARKET SIZE AND FORECAST

    In the coming years the increased adoption of LEDs in headlamps and miscellaneous (fog lamps, signalling) segment is estimated.

     

    At the end of 2025, the overall LED volume in the country is estimated to be on par with US’s volume. It is estimated it requires at least 4 years to reach the pre COVID volume of LEDs.

     

    RECENT AUTOMOTIVE LIGHTING TRENDS

    SI No Timeline Company Trends
    1 October 2021 Hella Hellalaunched its K-LED Nano which offers LED technology in the smallest of spaces with a height of just 68 mm. This is suitable for municipal vehicles, tractors and large vehicles having little mounting space available
    2 June 2021 Mercedes-Benz 2021 Mercedes-Benz S Class sedan has come with Digital Light headlamp technology with three extremely powerful LED to provide the projection of guidelines or warning symbols onto the road ahead directed by 1.3 million micro-mirrors.
    3 May-2021 Mini Cooper 2021 Mini Countryman in its mid-cycle update fitted with LED headlights and LED tail lamps as standard in all of its models
    4 March-2021 Audi 2021 Audi RS6 Avant has come with standard LED headlights as  the turning light and the two-line Matrix high beam is made up of 32 individually controllable LEDs located in the lower section of the lighting unit with automatic dim features

     

    EUROPE AUTOMOTIVE LIGHTING MARKET COMPETITIVE LANDSCAPE

    SI No Timeline Company Sales
    1 Q4-2021 Varroc By the end of 2021 the major projects with Geely, SAIC, BYD and Changan in China started generating revenue to Varroc.
    2 Q4-2021 Hella Hella developed a body lighting on the front grille of a German premium car which was launched in late 2021.

     

    3 Q3-2021 Valeo At IAA Mobility show 2021, Valeo exhibited its new smart lighting systems which include headlamps that trace the shape of the road and indicate upcoming turns in the driver’s field of vision.
    4 Q3-2021 ZKW ZKW cooperated with Silicon Austrian Labs, EV Group, Evatec and TDK Electronics to develop new micromirror modules for dynamic light functions for autonomous driving to make vehicles smarter, safer and more interactive
    5 Q1-2021 Stanley Stanley developed its laser scan headlamp system which offers excellent light distribution control functions to ensure driving visibility at night with excellent light distribution control 2D-MEMS scanning mirror device.
    6 Q1-2021 Varroc Varroc Lighting System completed the acquisition of the 30% stake of Elba in Varroc-Elba Electronics joint venture which expanded the electronic capabilities to enhance their status as an automotive lighting leader in future.

     

     

    The top global automotive lighting manufacturers are Koito (Japan), Stanley (Japan), Hella (Germany), ZKW (Austria), Valeo (France) and Calsonic Kansei [Formerly Magneti Marelli] (Japan). On Global front, ZKW and Hella acquired close to 30% of market share. Some of the other European lighting companies are Valeo (France), OSRAM (Germany).

     

    EUROPE AUTOMOTIVE LIGHTING MARKET COMPANY PROFILES

    1. Hella GmbH
    2. Koito
    3. Stanley
    4. Varroc
    5. Calsonic Kansei Corporation
    6. Sanden Corporation
    7. ZKW
    8. Valeo
    9. OSRAM

     

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2024-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2024-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2024-2030
    21 Product installation rate by OEM, 2023
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2023
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
       
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