Automotive Perimeter Lighting System Market Growth, Size, Trends, Revenue and Future Outlook
Automotive Perimeter Lighting System Market Size– By Type, By Product Type, By Material, By Vehicle Type, By Distribution Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Feb-2024 | Report ID: AMIN2466 | Pages: 1 - 224 | Formats*: |
| Category : Automotive & Transportation | |||
Automotive Perimeter Lighting System Market Introduction and Overview
According to SPER Market Research, the Global Automotive Perimeter Lighting System Market is estimated to reach USD 70.81 billion by 2033 with CAGR of 9.26%.
The report includes an in-depth analysis of the Global Automotive Perimeter Lighting System Market, including market size and trends, product mix, Types, and supplier analysis. Around a perimeter fence line, infrared (IR) illumination is the most widely employed type of light. IR emits no light pollution, but more importantly, it enables the camera to discreetly take pictures at night without drawing attention to itself or providing possible trespassers with light for work. It can be set to activate automatically and act as a flashing deterrent to fend off intruders or to positively identify them. Optimizing security while minimizing light pollution can be achieved by use white light only when necessary.
- January 2022: The next generation of mobile electronic eyewear, intended to assist those with visual impairments, will be developed and manufactured by Gentex Corporation in collaboration with eSight, a top supplier of vision improvement technology, the company revealed today, prior to CES.
- February 2022: Michigan-based LAN Manufacturing, a minority-owned automotive supplier, and Magna announced their joint venture. The joint venture, which will go by the name LM Manufacturing, will use a 296,000-square-foot leased facility in Detroit, Michigan to manufacture full seats for a range of trucks and SUVs for Ford Motor Company. Magna will hold a 49 percent share.
Market Opportunities and Challenges
The market for automobile perimeter lighting systems has enormous growth potential because LED lighting technologies are developing at a rapid pace and because consumers' needs for convenience and safety are rising. The market for automobile perimeter lighting systems is expanding primarily due to growing environmental awareness and a strong demand for energy-efficient perimeter lighting systems. The market for automobile perimeter lighting systems is also growing as a result of the quick advancements in lighting technology as well as enhanced safety and comfort features. Similarly, over the aforementioned projection period, the quick rise in the availability of reasonably priced yet incredibly effective perimeter lighting systems will drive product demand and accelerate the expansion of the automotive perimeter lighting systems market.
Certain barriers may prevent the automobile perimeter lighting systems market from expanding, such as the high cost of the brass and ceramic components that are utilized in perimeter lighting. Additionally, throughout the forecast period, the growing number of stringent safety-related laws from the government will present additional growth prospects for the automotive perimeter lighting systems market. The industry's lack of standards might make it difficult for different car models and lighting system manufacturers to work together and communicate with one another. It is difficult to strike a balance between the demand for more visible and brighter illumination and energy efficiency. Advanced technology integration raises the possibility of cyber security attacks.
Market Competitive Landscape
A thorough examination of the competitive environment in the worldwide Global Automotive Perimeter Lighting System market has also been included in the report. The study includes competition analysis that covers topics like market structure, market share by major players, player positioning, top winning tactics, competitive dashboard, and business assessment quadrant. All significant companies have also been given thorough profiles. Some of major players are Gentex, Magna International, Samvardhana Motherson Group, Feniex Industries, Automotive Lightin, Marelli Holdings Co., Ltd., Valeo, STMicroelectronics, DENSO CORPORATION, ICHIKOH INDUSTRIES, LTD and various others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Type, By Product Type, By Material, By Vehicle Type, By Distribution Channel |
| Regions covered | Asia Pacific, Europe, Middle East & Africa, North America, Latin America |
| Companies Covered | Gentex, Magna International, Samvardhana Motherson Group, Feniex Industries, Automotive Lightin, Marelli Holdings Co Ltd, Valeo, STMicroelectronics, DENSO CORPORATION, ICHIKOH INDUSTRIES, LTD and various others. |
COVID-19 Impact on Global Automotive Perimeter Lighting System Market
The outbreak of COVID-19 has impeded the expansion of the automotive perimeter lighting industry. The entire market for automotive perimeter lighting has shrunk as a result of the drop in sales of passenger cars and commercial vehicles in 2020 as well as the temporary closure of automobile and component manufacturing plants. Supply chain interruptions affected the availability of parts and materials for the worldwide automotive sector. But the car industry is beginning to turn things around and offer high-quality vehicles to meet the growing demand from customers all around the world. Production in the automobile sector increased significantly in 2021, which is expected to drive up demand for the perimeter lighting market over the course of the forecast year.
Key Target Audience:
- Automotive Original Equipment Manufacturers (OEMs)
- Automotive Component Suppliers
- Automotive Lighting System Manufacturers
- Automotive Aftermarket Suppliers
- Automotive Dealerships
- Automotive Service and Repair Centres
- Regulatory Authorities
- Research and Development Teams
- Consumers (End-Users)
- Ambulatory Surgical Centres
Our in-depth analysis of the Automotive Perimeter Lighting System Market includes the following segments:
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Key Topics Covered in the Report:
- Global Automotive Perimeter Lighting System Market Size (FY’2024-FY’2033)
- Overview of Global Automotive Perimeter Lighting System Market
- Segmentation of Global Automotive Perimeter Lighting System Market By Type (LED Lights, Halo Rings, Fluorescent Bulbs, Others)
- Segmentation of Global Automotive Perimeter Lighting System Market By Product Type (Puddle Lamps, Door Handle Lamps, Door Mirror Lamps, License Plate Lights)
- Segmentation of Global Automotive Perimeter Lighting System Market By Material (Plastic, Glass, Fiber, Others)
- Segmentation of Global Automotive Perimeter Lighting System Market By Vehicle Type (Passenger Cars, Commercial Vehicles)
- Segmentation of Global Automotive Perimeter Lighting System Market By Distribution Channel (OEM, Aftermarket)
- Statistical Snap of Global Automotive Perimeter Lighting System Market
- Expansion Analysis of Global Automotive Perimeter Lighting System Market
- Problems and Obstacles in Global Automotive Perimeter Lighting System Market
- Competitive Landscape in the Global Automotive Perimeter Lighting System Market
- Impact of COVID-19 and Demonetization on Global Automotive Perimeter Lighting System Market
- Details on Current Investment in Global Automotive Perimeter Lighting System Market
- Competitive Analysis of Global Automotive Perimeter Lighting System Market
- Prominent Players in the Global Automotive Perimeter Lighting System Market
- SWOT Analysis of Global Automotive Perimeter Lighting System Market
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impact of the Global Automotive Perimeter Lighting System Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Automotive Perimeter Lighting System Market Manufacturing Base Distribution, Sales Area, Type, Chassis Type6.2. Mergers & Acquisitions, Partnerships, Type Launch, and Collaboration in Global Automotive Perimeter Lighting System Market
7. Global Automotive Perimeter Lighting System Market, By Type, 2020-2033 (USD Million)
7.1. Global Automotive Perimeter Lighting System Market Value Share and Forecast, By Type, 2024-20337.2. Fluorescent Bulbs7.3. Halo Rings7.4. LED Lights7.5. Others
8. Global Automotive Perimeter Lighting System Market, By Product Type, 2020-2033 (USD Million)
8.1. Global Automotive Perimeter Lighting System Market Value Share and Forecast, By Product Type, 2024-20338.2. Door Handle Lamps8.3. Door Mirror Lamps8.4. License Plate Lights8.5. Puddle Lamps
9. Global Automotive Perimeter Lighting System Market, By Material, 2020-2033 (USD Million)
9.1. Global Automotive Perimeter Lighting System Market Value Share and Forecast, By Material, 2024-20339.2. Fiber9.3. Glass9.4. Plastic9.5. Others
10. Global Automotive Perimeter Lighting System Market, By Vehicle Type, 2020-2033 (USD Million)
10.1. Global Automotive Perimeter Lighting System Market Value Share and Forecast, By Vehicle Type, 2024-203310.2. Commercial Vehicles10.3. Passenger Cars
11. Global Automotive Perimeter Lighting System Market, By Distribution Channel, 2020-2033 (USD Million)
11.1. Global Automotive Perimeter Lighting System Market Value Share and Forecast, By Distribution Channel, 2024-203311.2. Aftermarket11.3. OEM
12. Global Automotive Perimeter Lighting System Market Forecast, 2020-2033 (USD Million)
12.1. Global Automotive Perimeter Lighting System Market Size and Market Share
13. Global Automotive Perimeter Lighting System Market, By Type, 2020-2033 (USD Million)
13.1. Global Automotive Perimeter Lighting System Market Size and Market Share By Type (2020-2026)13.2. Global Automotive Perimeter Lighting System Market Size and Market Share By Type (2027-2033)
14. Global Automotive Perimeter Lighting System Market, By Product Type, 2020-2033 (USD Million)
14.1. Global Automotive Perimeter Lighting System Market Size and Market Share By Product Type (2019-2026)14.2. Global Automotive Perimeter Lighting System Market Size and Market Share By Product Type (2027-2033)
15. Global Automotive Perimeter Lighting System Market, By Material, 2020-2033 (USD Million)
15.1. Global Automotive Perimeter Lighting System Market Size and Market Share By Material (2020-2026)15.2. Global Automotive Perimeter Lighting System Market Size and Market Share By Material (2027-2033)
16. Global Automotive Perimeter Lighting System Market, By Vehicle Type, 2020-2033 (USD Million)
16.1. Global Automotive Perimeter Lighting System Market Size and Market Share By Vehicle Type (2020-2026)16.2. Global Automotive Perimeter Lighting System Market Size and Market Share By Vehicle Type (2027-2033)
17. Global Automotive Perimeter Lighting System Market, By Distribution Channel, 2020-2033 (USD Million)
17.1. Global Automotive Perimeter Lighting System Market Size and Market Share By Distribution Channel (2020-2026)17.2. Global Automotive Perimeter Lighting System Market Size and Market Share By Distribution Channel (2027-2033)
18. Global Automotive Perimeter Lighting System Market, By Region, 2020-2033 (USD Million)
18.1. Global Automotive Perimeter Lighting System Market Size and Market Share By Region (2020-2026)18.2. Global Automotive Perimeter Lighting System Market Size and Market Share By Region (2027-2033)18.3. Asia Pacific18.4. Europe18.5. Latin America18.6. Middle East & Africa18.7. North America
19. Company Profile
19.1. Automotive Lightin19.1.1. Company details19.1.2. Financial outlook19.1.3. Type summary19.1.4. Recent developments19.2. DENSO CORPORATION19.2.1. Company details19.2.2. Financial outlook19.2.3. Type summary19.2.4. Recent developments19.3. Feniex Industries19.3.1. Company details19.3.2. Financial outlook19.3.3. Type summary19.3.4. Recent developments19.4. Gentex19.4.1. Company details19.4.2. Financial outlook19.4.3. Type summary19.4.4. Recent developments19.5. ICHIKOH INDUSTRIES, LTD19.5.1. Company details19.5.2. Financial outlook19.5.3. Type summary19.5.4. Recent developments19.6. Magna International19.6.1. Company details19.6.2. Financial outlook19.6.3. Type summary19.6.4. Recent developments19.7. Marelli Holdings Co., Ltd.19.7.1. Company details19.7.2. Financial outlook19.7.3. Type summary19.7.4. Recent developments19.8. STMicroelectronics19.8.1. Company details19.8.2. Financial outlook19.8.3. Type summary19.8.4. Recent developments19.9. Valeo19.9.1. Company details19.9.2. Financial outlook19.9.3. Type summary19.9.4. Recent developments19.10. Others
15 List of Abbreviations
16 Reference Links
17 Conclusion
18 Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Automotive Perimeter Lighting System Market is projected to reach USD 70.81 billion by 2033, growing at a CAGR of 9.26% during the forecast period.
Automotive Perimeter Lighting System Market grew in market size from 2023. The Market is expected to reach USD 70.81 billion by 2033, at a CAGR of 9.26% during the forecast period.
Automotive Perimeter Lighting System Market CAGR of 9.26% during the forecast period.
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Automotive Perimeter Lighting System Market size is USD 70.81 billion from 2023 to 2033.
Automotive Perimeter Lighting System Market Segment is Covered By Type, By Product Type, By Material, By Vehicle Type, By Distribution Channel
The North America region is anticipated to have the highest market share in Automotive Perimeter Lighting System Market.
The key players in the market include Companies Covered Gentex, Magna International, Samvardhana Motherson Group, Feniex Industries, Automotive Lightin, Marelli Holdings Co., Ltd., Valeo, STMicroelectronics, DENSO CORPORATION, ICHIKOH INDUSTRIES, LTD and various others.
The market for automobile perimeter lighting systems is expanding primarily due to growing environmental awareness and a strong demand for energy-efficient perimeter lighting systems.
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