The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Increased road accidents due to poor visibility and fog are projected to drive on-highway vehicle lighting manufacturing innovation, boosting the market during the forecast period.

The global On-Highway Vehicle Lighting market is expected to grow from $28.55 billion in 2022 to $30.16 billion in 2023 at a compound annual growth rate (CAGR) of 5.6%The market is expected to reach $36.86 billion in 2027 at a CAGR of 5.1%.

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Global On-Highway Vehicle Lighting Market Segments Include:

• By Product: Halogen, HID, LED, Incandescent, LASER
• By Application: Headlight, Exterior Lights, Internal Lights
• By Vehicle Type: Motorcycle, Passenger Cars, Buses, Light Trucks (Class 1-3), Medium Trucks (Class 4-6), Heavy Trucks (Class 7 & 8)
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global On-Highway Vehicle Lighting market in 2021.

Major Market Players in the On-Highway Vehicle Lighting market include Koninklijke Philips N.V., Koito Manufacturing Ltd., ZKW Group, TYC Genera Corporation, Valeo S.A., Marelli Automotive Lighting LLC, Zizala Lichtsysteme GmbH, Spyder Auto.

A important trend gaining traction in the market for on-highway vehicle lighting is product innovation. To improve their market share, major players in the on-highway vehicle lighting industry are introducing cutting-edge products. For example, in January 2023, the Japanese chemical and manufacturing company Nichia Corporation and the German semiconductor manufacturing company Infineon Technologies AG jointly introduced the micro PLS micro-Pixelated LED Light, a high-definition fully integrated micro-LED light engine for HD adaptive driving beam applications. It gives a four times larger field of view with more light output than any other existing micro-mirror-based HD matrix-light system. It also combines high definition resolution with the industry’s best light output.

The On-Highway Vehicle Lighting Global Market Report 2023  provides an On-Highway Vehicle Lighting market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The On-Highway Vehicle Lighting market forecast analyses On-Highway Vehicle Lighting market size, On-Highway Vehicle Lighting market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

All lighting systems in automobiles that aid in navigating on highways without streetlights are referred to as “on-highway vehicle lighting.” For the safe operation of automobiles on roadways, this lighting is employed.

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