AutoTechInsight
Supplying vehicle lighting - Supplier strategy
Lighting suppliers are taking several strategic initiatives, including acquisitions, joint venture (JV) partnerships, and investments in new products and technologies, as well as in production capacity, to position themselves better to serve the expected surge in the demand for lighting solutions. Our latest report on “Supplying vehicle lighting – Supplier strategy” offers comprehensive details of strategy followed by key lighting suppliers.
Automotive industry continues to be on a recovery path after witnessing the sharpest decline in 2020 due to COVID-19 pandemic. The recovery was derailed by the supply chain crisis, due to an acute shortage of semiconductors, in 2021 and 2022. Now that the worst of the chip crisis seems behind, the automotive industry is poised for another spell of higher growth.
Higher vehicle demand is driving growth in light vehicle production, which in turn is leading to increased demand for conventional lighting systems such as headlights and taillights. This is also supported by higher fitment of newer exterior illumination devices such as front and rear light bars, illuminated grilles and illuminated logos.
Lighting suppliers are taking several strategic initiatives, including acquisitions, joint venture (JV) partnerships, and investments in new products and technologies, as well as in production capacity, to position themselves better to serve the expected surge in the demand for lighting solutions. Our latest report on “Supplying vehicle lighting – Supplier strategy” offers comprehensive details of strategy followed by key lighting suppliers.
Introduction
Report summary
Automotive lighting market
Key suppliers
HELLA (Forvia)
Valeo
Marelli
Valeo
ZKW (LG)
Plastic Omnium
Magna
Koito
Stanley Electric
SL
Hyundai Mobis
Lumax Industries
Huyau Automotive (HASCO)
