To improve the website's functionality, we use cookies, including third-party cookies. Read our Privacy Policy for more information
I AgreeAnalysis of Automotive Tail Light market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
The global Automotive Tail Light market is likely to be valued at US$ 12.2 Billion in FY 2022, up from US$ 11.5 Billion in 2021.
During the past year, the industry registered a Y-o-Y increase worth 6%. From 2022 to 2032, automotive tail light sales are poised to flourish at a CAGR of 6% to reach a value of US$ 22 Billion by the end of 2032.
Report Attributes | Details |
Anticipated Base Year Value (2021) |
US$ 11.5 Billion |
Expected Market Value (2022) |
US$ 12.2 Billion |
Projected Forecast Value (2032) |
US$ 22 Billion |
Global Growth Rate (2022-2032) |
6% CAGR |
Growth Rate of the North American Market (2022-2032) |
6.5% CAGR |
Expected Market Value of APEJ (2032) |
US$ 6.5 Billion |
Europe Market Expansion Rate (2022-2032) |
4.8% CAGR |
Key Companies Profiled |
|
Demand for LED automotive tail lights will continue to thrive, with a documented CAGR of 6% during the 2015-2021 historical period of assessment, while demand for automotive tail light in passenger cars proliferated at a rate of 5.5% during the same period. APEJ will dominate the global market, registering a growth opportunity worth US$ 6.5 Billion from 2022 to 2032.
Don't Need a Global Report?
Save 40% on Country & Region specific reports
Fact.MR’s recent analysis reveals that the automotive tail light market grew at a sluggish CAGR of nearly 4% from 2015 to 2021, surpassing the revenue of US$ 11.5 Billion in 2021.
According to a recent publication by Fact.MR, the global market for automotive tail lights will continue to witness a minuscule rate of growth owing to the limited scope of applicability of automotive taillights, which is expected to remain responsible for undermining the growth prospects of the global market for the automotive tail light.
Fact.MR has predicted the Automotive Tail Light market to surge at a 6% CAGR between 2022 and 2032. Growing consumer demand for sleek, lightweight, and functional vehicles is fueling innovations in each structural and functional vehicular component, including automotive tail light.
Automotive adaptive lighting systems are becoming more popular because they improve driving safety. Vehicle manufacturers, on the other hand, are positioning these systems as a differentiator in the car sales market. Vehicles with adaptive lighting systems have better night vision capabilities.
Automotive adaptive lighting systems also improve a vehicle's aesthetic appeal. Rear lamps are one of such car aspects that play a crucial role in the vehicle’s appearance. A car adaptive lighting system's design and architecture provide styling variety, acting as a distinct brand trademark.
The usage of rear combination lamps for vehicles has catered plentiful benefits such as better brightness, energy, and cost-saving and also presents enhanced safety. Due to these factors, the global automotive rear combination lamp market is likely to spectate robust growth in the upcoming years.
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
The poor weather conditions causing functional concerns would be a principal challenge for the car adaptive lighting market in countries like U.S & Canada.
Besides, commercial vehicles such as freight trucks drive thousands of miles regularly. Thus, the utilization of advanced lighting technologies may not be reasonable. Moreover, high cost discourages manufacturers from offering advanced lighting systems in this vehicle section. Consequently, only a few commercial vehicle creators have presented advanced lighting systems in their vehicles.
North America captured nearly 3/5th share in 2021 and is poised to record a CAGR of 6.5% over the forecast period. Adaptive headlights offer enhanced visualization to the driver during the night and other poor-vision conditions by altering the headlight angle and delivering the required intensity of the light.
These systems emanate white or amber light in the countries of the region, unlike other countries where white is the authorized color for automotive lighting systems.
Besides, adaptive headlights also decrease shimmer from oncoming traffic and pedestrians, and the implementation of ALS as a safety system has augmented significantly even across mid-price segment vehicles in North America. The advancement of projector lamp systems, along with developments in sensor technology, will stimulate the growth of the market significantly in the province.
Owing to the towering fatality rate in traffic accident rates in the United States on curved and dimmed light roads joined with inadequate flexibility of the static headlight systems are some of the foremost drivers thrusting the growth of the North American adaptive lighting systems market.
Fact.MR’s recent analysis reveals that the North American market for Automotive Tail Light is estimated to surpass US$ 3 Billion by 2032 end, estimated at nearly US$ 1.5 Billion in 2021.
APEJ is estimated to foster the demand for the automotive tail light at a substantial rate; backed by the gradual introduction of automotive manufacturing facilities. The launch of products like interior cabin lights that comprise sterilization features in vehicles may also nurture vehicle sales, further propelling the automotive lighting market.
In terms of country-wise growth, China, the global manufacturing hub, has been one high-potential market for automotive taillight over the years. The lower-Price points in terms of raw material as well as labor will continue to enable the Chinese market for automotive tail light to remain the key revenue generator over 2022-2032.
The market value is forecasted to exceed US$ 6.5 Billion, following a growth rate of 6.6% throughout the forecast period. In 2021, the market evaluated nearly US$ 3.2 Billion.
Additionally, prominent manufacturers in this region are concentrating on technological advancements, including lighting, therefore, thrusting the demand for automotive lighting. The rise in consumer per capita income and high sales of SUVs in emerging economies such as India will drive the market further.
Region-wise Value CAGRs for Automotive Tail Light (2022-2032)
North America |
6.5% |
APEJ |
6.6% |
Europe |
4.8% |
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
The passenger car segment accounted for 4/5th market share in 2021. The commercial vehicle segment is also anticipated to show lucrative growth in the market over the forecast period due to governments' initiatives for improving commercial vehicle safety standards.
With a market valuation of nearly US$ 5 Billion in 2022, passenger cars are foreseen to remain the most attractive vehicle type for automotive taillight manufacturers.
LEDs last 20 time longer than conventionally used incandescent bulbs, making an excellent attribute for adoption for the former. Moreover, while conventional lamps achieve an electrical conversion of up to 10%, LEDs have been proven to convert nearly 90% of the energy into light.
Several manufacturers are also focusing on providing LED tailgate light bars for an additional safety and functionality element in heavy transport and commercial vehicles. Despite holding the largest value share of over 50% in the global automotive tail light market, the performance of halogen is presumed to face rigorous competition by LED, which is anticipated to exhibit a higher CAGR through 2032.
Prominent automotive tail light providers are reliant on partnerships, collaborations, acquisitions, and new software launch to stay afloat in the global market. Constant innovations to ensure a seamless client-customer relationship are the main focus of prominent market players.
- Premium Report Details -
- Let's Connect -
- Quick Contact -
- Get Started -
Get insights that lead to new growth opportunities
Buy NowGet A Special pricing for start-ups and universities
Enquiry Before Buying- Humble, Yet Honored -
- Related Reports -
As of 2021, Fact.MR estimated the automotive tail light market to have reached US$ 11.5 Billion
By 2022, Fact.MR expected demand for automotive tail lights to reach US$ 12.2 Billion
From 2015-to 2021, the automotive tail light market grew at a 4% value CAGR
From 2022-to 2032, automotive tail light demand is likely to surge at a 6% CAGR
By 2032, the market for automotive tail lights is likely to be valued at US$ 22 Billion
By 2032, Fact.MR expects the North American market for automotive tail light to flourish at a CAGR of 6.5%
APEJ is expected to register a 6.6% CAGR in the automotive tail light industry
Europe is expected to document a CAGR worth 4.8% in the automotive tail light market
LED automotive tails light will be most sought after, capturing 50% revenue
Passenger car automotive tail lights will remain most preferred, expanding at a CAGR of 5.5% until 2032