India Automotive Lighting Market

Posted on: May 21, 2018, by :

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The India automotive lighting market is segmented based on lighting technology, application, vehicle type, and sales channel type.

The Indian automotive lighting market has witnessed significant growth on account of increased automotive sales and economic growth. In addition, it is driven by increasing population and concerns about vehicle safety triggered by government regulations.

8.2.4 Strategic moves and developments

FIG. 27 MAGNETI MARELLI S.P.A.: REVENUE 20132015 ($MILLION)

FIG. 54 PHOENIX LAMPS LIMITED: NET SALES, BY GEOGRAPHY (%), 2015

4.4.2 Key growth factors and opportunities

Emerging government regulations:The Indian government has formulated various regulations regarding sufficient installation of lighting equipment in passenger vehicles. Few regulations are still in the process of being laid down to improve the safety of vehicle in bad weather conditions. The regulations regarding energy-efficient vehicles support the installation of LED lights in vehicles. Thus, such regulations are expected to fuel the growth of the automotive lighting market.

FIG. 7 INDIA HALOGEN AUTOMOTIVE LIGHTING TECHNOLOGY MARKET REVENUE, 2014 – 2022 ($MILLION)

FIG. 50 PHILIPS GROUP: REVENUE, BY GEOGRAPHY (%), 2015

8.8.4 PHOENIX LAMPS LIMITED :SWOT analysis

FIG. 31 OSRAM LICHT AG: REVENUE, BY GEOGRAPHY (%), 2015

5.2.2 Key growth factors and opportunities

6.6.2 Key growth factors and opportunities

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FIG. 48 PHILIPS GROUP: REVENUE, 20132015 ($MILLION)

5.3.2 Key growth factors and opportunities

8.10.3 Neolite ZKW Lightings Pvt. Ltd.: SWOT analysis

FIG. 16 TYPES OF LIGHTS USED IN VEHICLES

FIG. 10 COMPARATIVE MARKET SHARE ANALYSIS OF INDIA AUTOMOTIVE LIGHTING MARKET BY VEHICLE TYPE, 2014 AND 2022 (%)

Chapter: 7 INDIA AUTOMOTIVE LIGHTING MARKET BY SALES CHANNEL TYPE

5.6.2 Key growth factors and opportunities

Growing emphasis towards road safety:Rising number of road accidents during bad weather conditions and night is the prime concern among vehicle drivers. This has risen the demand for reliable and brightened automotive lights. Therefore, the growing emphasis over enhanced road safety through high-performance automotive lights has created the need to develop advanced lights providing better illumination in the darkness.

3.3.1 Bulk requirement as well as awareness of products among buyers lead to moderate bargaining power of suppliers

FIG. 52 PHOENIX LAMPS LIMITED: NET SALES, 20132015($MILLION)

5.5.2 Key growth factors and opportunities

FIG. 51 KONINKLIJKE PHILIPS N.V.: SWOT ANALYSIS

FIG. 22 INDIA AUTOMOTIVE INTERIOR LIGHTING MARKET REVENUE, 2014 – 2022 ($MILLION)

8.6.4 Strategic moves and developments

India Automotive Lighting Marketis expected to garner $3.1 billion by 2022, registering a CAGR of 5.6% from 2016-2022.Lighting is a vital component in automotive vehicles, playing an important role in automotive safety. The vehicle consists of different lights to increase the visibility in darkness and bad weather conditions along with the increase in conspicuity. The lighting system comprises lighting and signaling devices, which are placed at different locations such as front, rear, side, and interiors. Lighting provides illumination for the driver and helps other vehicle drivers and pedestrians on the road to detect the vehicles position, direction of movement, and size. It also enhances the aesthetic looks to both interior and exterior parts of the vehicle.

TABLE 1 INDIA AUTOMOTIVE LIGHTING MARKET REVENUE, BY TECHNOLOGY, 2014 – 2022 ($MILLION)

Key players operating in the market include Koninklijke Philips N.V., Phoenix Lamps Limited, Lumax Industries Limited, Osram Licht AG, GE Lighting, and others. These industry players focus on introducing advanced LED lighting solutions as well as on expanding their presence in the growing automotive market.

Halogen automotive lights are offered by all the leading players in India. Osram recently developed the Night Breaker Unlimited, a halogen automotive lamp with improved brightness, longer focus, and whiter light. These headlamps also provide better visibility and response time. Philips also offers a wide range of halogen automotive lamps with white, blue, and yellow illuminations.

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TABLE 6 INDIA AUTOMOTIVE LIGHTING MARKET, BY APPLICATION, 20142020 ($MILLION)

FIG. 33 GE COMPANY: REVENUE 20132015 ($MILLION)

FIG. 12 INDIA COMMERCIAL VEHICLES LIGHTING MARKET REVENUE, 2014 – 2022 ($MILLION)

3.3.2 High prospects of backward integration leads to high bargaining power of buyers

TABLE 2 DOMESTIC AUTOMOBILES: SALES TRENDS

FIG. 38 KOITO MANUFACTURING CO. LTD.: REVENUE, BY GEOGRAPHY (%), 2015

FIG. 19 INDIA AUTOMOTIVE FRONT/HEADLAMPS LIGHTING MARKET REVENUE, 2014 – 2022 ($MILLION)

FIG. 44 VALEO: REVENUE, 20132015 ($MILLION)

The value chain analysis signifies the key intermediaries involved and elaborates their roles and value additions at every stage.

FIG. 39 KOITO MANUFACTURING CO. LTD.: SWOT ANALYSIS

6.5.2 Key growth factors and opportunities

5.4.2 Key growth factors and opportunities

FIG. 35 GE COMPANY: REVENUE, BY GEOGRAPHY (%), 2015

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FIG. 58 LUMAX INDUSTRIES LIMITED: REVENUE, BY GEOGRAPHY (%), 2015

FIG. 40 HELLA KGAA HUECK & CO.: REVENUE, 20132015 ($MILLION)

Growing automobile sales:Automobile sales has witnessed notable growth rate in India. The revival of economy has particularly supported the growth in the recent past. This growing trend is expected to continue during the forecast period with sizeable demand of passenger vehicle and two-wheelers. Automotive lighting industry, which depends on the state of automotive industry for its growth, is expected to certainly benefit from this ongoing rising vehicle sale.

FIG. 60 NEOLITE ZKW LIGHTINGS PVT. LTD.: SWOT ANALYSIS

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TABLE 15 PHOENIX LAMPS LIMITED: SNAPSHOT

8.4.4 Strategic moves and developments

A wide variety of automotive lights are available in the market, such as front lighting, rear lighting, side lighting, fog lamps, and interior lighting. In the year 2014, front lighting accounted for maximum revenue, and is expected to continue to lead the market by 2022 as well. Traditionally, halogen was the majorly used lighting technology. However, the ongoing innovations in LED lighting technology to provide bright illumination and a compact size fuel the demand of these lights. LED lights are used for a variety of functions such as low beam, high beam, turn signal, parking lights, and day running light. Longer shelf life proves to be a major advantage of LED lights, thereby increasing their installation. The passenger vehicle market is expected to continue to maintain its leading position, in terms of market value.

Chapter: 6 INDIA AUTOMOTIVE LIGHTING MARKET BY APPLICATION

FIG. 43 HELLA KGAA HUECK & CO.: SWOT ANALYSIS

8.7.4 Strategic moves and developments

The automotive lighting market is currently witnessing a steady growth due to the growing automotive production across the country. Growing population and increasing purchasing power mainly contribute to the market growth. Automotive lighting plays a substantial role in automobile safety by increasing the conspicuity of the vehicle. In addition, the rising emphasis on vehicle safety and government regulations regarding automotive lighting systems further stimulate the market growth.

FIG. 45 VALEO: REVENUE, BY BUSINESS SEGMENT (%), 2015

TABLE 14 KONINKLIJKE PHILIPS N.V.: SNAPSHOT

TABLE 8 MAGNETI MARELLI S.P.A.: SNAPSHOT

8.5.4 Strategic moves and developments

Porters five forces and SWOT analysis of key market players highlight the growth strategies adopted by them.

FIG. 4 VALUE CHAIN ANALYSIS OF AUTOMOTIVE LIGHTING MARKET

TABLE 7 INDIA AUTOMOTIVE LIGHTING MARKET REVENUE, BY SALES CHANNEL, 2014 – 2022 ($MILLION)

FIG. 41 HELLA KGAA HUECK & CO.: REVENUE, BY BUSINESS SEGMENT (%), 2015

3.5.3.1 Growing automobile production

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FIG. 6 COMPARATIVE MARKET SHARE ANALYSIS OF INDIA AUTOMOTIVE LIGHTING MARKET BY TECHNOLOGY, 2014 AND 2022 (%)

FIG. 34 GE COMPANY: REVENUE, BY BUSINESS SEGMENT (%), 2015

FIG. 5 MAJOR CAUSES OF ROAD ACCIDENTS IN INDIA, 2014

FIG. 32 OSRAM LICHT AG: SWOT ANALYSIS

4.3.2 Key growth factors and opportunities

Key players profiled in the report include Koninklijke Philips N.V., Phoenix Lamps Limited, Lumax Industries Limited, Osram Licht AG, GE Lighting, Magneti Marelli S.p.A., Koito Manufacturing Co. Ltd., Hella KGaA Hueck & Co., Valeo, and Neolite ZKW Lightings Pvt. Ltd.

FIG. 49 PHILIPS GROUP: REVENUE, BY BUSINESS SEGMENT (%), 2015

3.3.5 Large number of players in the market intensifies competitive rivalry

The report provides information regarding key drivers, restraints, and opportunities with an impact analysis.

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3.5.1.1 Growing emphasis towards road safety

FIG. 30 OSRAM LICHT AG: REVENUE, BY BUSINESS SEGMENT (%), 2015

FIG. 42 HELLA KGAA HUECK & CO.: REVENUE, BY GEOGRAPHY (%), 2015

India Automotive Lighting Market by Technology (Halogen, Xenon, LED), Vehicle Type (Passenger Vehicles, Commercial Vehicles, Two-Wheelers, Three-Wheelers, Tractors), Sales Channel (OEM, Aftermarket Product) – Opportunity Analysis and Industry Forecast, 2014 – 2022

TABLE 4 INDIA AUTOMOTIVE LIGHTING MARKET, BY TECHNOLOGY, 2014 – 2022 ($MILLION)

FIG. 55 PHOENIX LAMPS LIMITED: SWOT ANALYSIS

FIG. 17 COMPARATIVE MARKET SHARE ANALYSIS OF INDIA AUTOMOTIVE LIGHTING MARKET BY APPLICATION, 2014 AND 2022 (%)

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6.3.2 Key growth factors and opportunities

FIG. 46 VALEO: REVENUE, BY GEOGRAPHY (%), 2015

6.2.2 Key growth factors and opportunities

8.1.5 Magneti Marelli S.p.A.: SWOT analysis

3.3.4 Increase in automotive production and easy access to distribution channels increase the threat from new entrants

India Automotive Lighting Market- Opportunity Analysis and Industry Forecast, 2014 – 2022

7.2.2 Key growth factors and opportunities

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FIG. 29 OSRAM LICHT AG: REVENUE, 20132015 ($MILLION)

FIG. 57 LUMAX INDUSTRIES LIMITED: REVENUE, BY BUSINESS SEGMENT (%), 2015

FIG. 15 INDIA TRACTOR LIGHTING MARKET REVENUE, 2014 – 2022 ($MILLION)

To ensure high level data integrity, accurate analysis and impeccable forecasts

FIG. 53 PHOENIX LAMPS LIMITED: NET SALES, BY BUSINESS SEGMENT (%), 2015

FIG. 18 DIFFERENCE BETWEEN LOW BEAM AND HIGH BEAM ILLUMINATION

8.10 Neolite ZKW Lightings Pvt. Ltd.

FIG. 20 INDIA AUTOMOTIVE REAR LIGHTING MARKET REVENUE, 2014 – 2022 ($MILLION)

Numerous technological advancements were observed in the commercial automotive lighting through time. The automotive lighting market has witnessed the advent of incandescent lamps, halogen lamps, and xenon lamps owing to the technological innovations and developments. Currently, the segment for LED lighting technology is gaining widespread popularity worldwide. The following table depicts a comparison of the various technologies based on different parameters:

7.2 Original Equipment Manufacture products (OEM Product)

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FIG. 8 INDIA XENON AUTOMOTIVE LIGHTING TECHNOLOGY MARKET REVENUE, 2014 – 2022 ($MILLION)

8.4.5 Koito Manufacturing Co. Ltd.: SWOT analysis

FIG. 28 SWOT ANALYSIS: MAGNETI MARELLI S.P.A.

Low purchasing and replacement cost along with the easy availability of halogens supplement the adoption of halogens in automotive lighting. Factors such as the enhanced aesthetics and longevity of halogen lamps are key factors that influence the halogen market. However, the high energy efficiency of LEDs is a key factor that is expected to limit the adoption of halogen lights during the forecast period. At present, a major factor that restricts the LED market growth is its expensive price; however, the ongoing technological advancements are anticipated to result in the lowered costs of LEDs in the future. This may lead to a decline in the sales of halogen lights towards the end of the analysis period, which is attributed to the increasing adoption of LEDs as an effective replacement for halogen lamps.

8.9.5 Phoenix Lamps Limited: SWOT analysis

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FIG. 13 INDIA TWO WHEELER VEHICLES LIGHTING MARKET REVENUE, 2014 – 2022 ($MILLION)

4.2.2 Key growth factors and opportunities

FIG. 59 LUMAX INDUSTRIES LIMITED: SWOT ANALYSIS

Chapter: 5 INDIA AUTOMOTIVE LIGHTING MARKET BY VEHICLE TYPE

8.3.4 Strategic moves and developments

FIG. 37 KOITO MANUFACTURING CO. LTD.: REVENUE, 20132015 ($MILLION)

FIG. 23 INDIA AUTOMOTIVE FOG LAMP MARKET REVENUE, 2014 – 2022 ($MILLION)

FIG. 56 LUMAX INDUSTRIES LIMITED: REVENUE, 20132015 ($MILLION)

FIG. 9 INDIA LED AUTOMOTIVE LIGHTING TECHNOLOGY MARKET REVENUE, 2014 – 2022 ($MILLION)

TABLE 12 HELLA KGAA HUECK & CO.: SNAPSHOT

India Automotive Lighting Market Overview:

The quantitative analysis of the market from 2014 to 2022 is provided to elaborate the market potential.

TABLE 5 INDIA AUTOMOTIVE LIGHTING MARKET, BY VEHICLE TYPE, 2014 – 2022 ($MILLION)

TABLE 16 LUMAX INDUSTRIES LIMITED: SNAPSHOT

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8.1.4 Strategic moves and developments

TABLE 17 NEOLITE ZKW LIGHTINGS PVT. LTD.: SNAPSHOT

8.9.4 Strategic moves and developments

FIG. 11 INDIA PASSENGER VEHICLES LIGHTING MARKET REVENUE, 2014 – 2022 ($MILLION)

The study provides an in-depth analysis of the India automotive lighting market, with current trends and future estimations to elucidate the imminent investment pockets.

FIG. 26 INDIA AUTOMOTIVE AFTERMARKET LIGHTING MARKET REVENUE, 2014 – 2022 ($MILLION)

8.7.5 Koninklijke Philips N.V.: SWOT analysis

FIG. 24 COMPARATIVE MARKET SHARE ANALYSIS OF INDIA AUTOMOTIVE LIGHTING MARKET, BY SALES CHANNEL TYPE, 2014 AND 2022 (%)

India Automotive Lighting Market Segments

TABLE 11 KOITO MANUFACTURING CO. LTD: SNAPSHOT

Chapter: 4 INDIA AUTOMOTIVE LIGHTING MARKET BY TECHNOLOGY

FIG. 14 INDIA THREE WHEELER VEHICLES LIGHTING MARKET REVENUE, 2014 – 2022 ($MILLION)

FIG. 21 INDIA AUTOMOTIVE SIDE LIGHTING MARKET REVENUE, 2014 – 2022 ($MILLION)

7.3.2 Key growth factors and opportunities

6.4.2 Key growth factors and opportunities

FIG. 25 INDIA AUTOMOTIVE OEM LIGHTING MARKET REVENUE, 2014 – 2022 ($MILLION)

TABLE 3 COMPARISON OF AUTOMOTIVE LIGHTING TECHNOLOGIES

8.5.5 Hella KGaA Hueck & Co.: SWOT analysis

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