Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the On-Highway Vehicle Lighting Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Is the Forecasted Market Size and CAGR for the On-Highway Vehicle Lighting Market?
The On-Highway Vehicle Lighting Global Market Report 2025 indicates that the market has been expanding steadily. The market was valued at $31.1 billion in 2024 and it is projected to reach $32.22 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 3.6%.
What Is the Forecasted CAGR for the On-Highway Vehicle Lighting Market by 2029?
The On-Highway Vehicle Lighting Global Market is projected to expand to $39.97 billion by 2029, with a compound annual growth rate (CAGR) of 5.5%.
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What Are the Market Drivers in the On-Highway Vehicle Lighting Industry?
The key drivers in the on-highway vehicle lighting market are:
• Regulatory changes and standards in the automotive sector
• Integration of advanced features in on-highway vehicle lighting
• Rising demand for energy-efficient lighting solutions
• Emergence and growth of autonomous vehicles industry
What Is the Segment-Wise Breakdown of the On-Highway Vehicle Lighting Market?
The on-highway vehicle lighting market covered in this report is segmented –
1) By Product: Halogen, HID, LED, Incandescent, LASER
2) By Application: Headlight, Exterior Lights, Internal Lights
3) By Vehicle Type: Motorcycle, Passenger Cars, Buses, Light Trucks (Class 1-
3), Medium Trucks (Class 4-
6), Heavy Trucks (Class 7 And 8)
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Which Emerging Trends Are Driving Growth in the On-Highway Vehicle Lighting Sector?
The key trends in the on-highway vehicle lighting market are:
• Embracing the concept of connected vehicles is a major upcoming trend.
• A focus on customization and personalization in automotive design is increasingly shaping the market.
• Increasing attention on safety innovations is expected to significantly drive the trends.
• There is an emerging shift towards energy-efficient automotive lighting solutions.
Which Companies Are Dominating the On-Highway Vehicle Lighting Market in Terms of Revenue?
Major players in the on-highway vehicle lighting market are:
• Koninklijke Philips N.V.
• Koito Manufacturing Co. Ltd.
• ZKW Group GmbH & Co. KG
• TYC Genera Corporation
• Valeo S.A.
• Marelli Automotive Lighting LLC
• Zizala Lichtsysteme GmbH
• Spyder Auto LLC
• Maxxima Group Inc.
• Optronics International LLC
• Continental Aktiengesellschaft
• Denso Corporation
• Hyundai Mobis Co. Ltd.
• Johnson Electric Holdings Limited
• Varroc Lighting Systems
• Stanley Electric Corporation
• Magneti Marelli S.p.A.
• HELLA GmbH & Co. KGaA
• Osram Licht AG
• Robert Bosch GmbH
• Aisin Seiki Co. Ltd.
• Aptiv PLC
• Eaton Corporation
• Lear Corporation
• Magna International Inc.
• ZF Friedrichshafen AG
What Are the Regions Driving Demand in the On-Highway Vehicle Lighting Market?
Asia-Pacific was the largest region in the on-highway vehicle lighting market in 2024
