PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1555807
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1555807
Vehicle Mounted Spotlights market size was evaluated at USD 671.5 million in 2023, rising at a CAGR of 5.50% from 2024 to 2032.
The vehicle-mounted spotlights market refers to that portion of the lighting industry related to the manufacture and sale of spotlights intended for installation on vehicles such as trucks, emergency vehicles, and off-road vehicles. Among the primary functions of these lights are search and rescue, security, and outdoor activities, providing enhanced visibility and safety in conditions of bad light.
Vehicle Mounted Spotlights Market- Market Dynamics
Growing Demand for Safety and Security
The increasing demand for safety and security is one of the major drivers of growth in the vehicle-mounted spotlights market. Growing concerns about crime and emergencies translate into a higher realization of the need for an effective lighting solution inside any vehicle. Emergency services, like police, fire, and rescue teams, are in dire need of a powerful spotlight that can provide them with better visibility during their operations in conditions where there can be darkness. Furthermore, this would be a boon for outdoor adventure seekers and off-roaders to provide them with light for protection during the dark. Increased caution with regard to safety and security compels vehicle-mounted spotlight manufacturers to come up with innovative creations and provide better products. For instance, in April 2021, DENSO Corporation announced the development of new advanced driver assistance solutions for the 2019 Lexus LS. The new devices include LiDAR for detecting the shapes of nearby vehicles and roadways, a locating telescopic camera, and an improved drive extension electronic control unit, among others.
Vehicle Mounted Spotlights Market- Key Insights
Our research analyst estimates that the global market will develop at a CAGR of 5.50% from 2024 to 2032.
In 2023, the LED sector had the highest market share based on light source segmentation.
Based on Lumens segmentation, The 5000-10000 lumens segment dominated the market in 2023.
The wireless sector is expected to dominate the market over the projection period, according to Control Type segmentation.
On the basis of region, In 2023, Asia Pacific generated the highest revenue.
The global vehicle-mounted spotlights market is divided into five categories: light source, lumens, control type, sales channel, and region.
The market is classified into four groups based on the Light Source: Halogen, LED, HID, and Incandescent. The LED segment held the largest market share in 2023 and is expected to maintain that position throughout the forecast period, owing to the widespread use and adoption of energy-efficient, solid-state, and compact LEDs by major automotive manufacturers in order to design vehicle-mounted spotlights for a variety of applications. Furthermore, the longer lifespan of LED-based vehicle-mounted spotlights compared to other options on the market, as well as their widespread availability in both established and emerging economies, have become critical drivers impacting sector market growth.
The market is classified into four groups based on lumens: Below 2500 Lumens, 2500-5000 Lumens, 5000-10000 Lumens, and Above 10000 Lumens. In terms of revenue, the 5000-10000 lumens segment held a significant market share in 2023, owing largely to the continued rise in the global adoption of electric vehicles, which fuels the need for high-performance lighting solutions that consume less power and provide longer battery life, as well as their growing prevalence due to their ability to provide better visibility and assist drivers in seeing obstacles, hazards, and other vehicles more clearly.
Vehicle Mounted Spotlights Market- Geographical Insights
Geographically, this market encompasses the Middle East, and Africa, North America, Europe, Latin America, Asia Pacific. These zones are further split based on which countries bring business. In 2023, the Asia Pacific region dominated the global market, and this dominance is likely to continue during the forecast period, owing to the rapidly increasing rate of urbanization and industrialization in developing countries such as India and China, which has resulted in increased demand for commercial and construction vehicles across the region. Furthermore, the growing popularity of outdoor leisure activities like as camping, hiking, and fishing has boosted demand for outdoor lighting and safety spotlights.
North America is predicted to be the most rapidly rising region in the next years, due to the rapid adoption of high-tech advancements such as wireless connectivity and LED lighting, as well as increased demand for off-road vehicles, which require durable and high-quality lights to navigate rough terrain and obstacles. Furthermore, various safety rules in the region require the use of specific forms of illumination on cars, such as headlights and spotlights, which has considerably aided regional market growth.
KC HiLiTES Inc., Marelli Automotive Lighting, Whelen Engineering Company Inc., Golight Inc., Koito Manufacturing, and Unity Manufacturing Co. are some of the key participants identified within the competitive landscape of the vehicle-mounted spotlights market. These manufacturers are heavily concentrating on product innovations by offering state-of-the-art lighting technologies, majorly in LED and HID spotlights, which provide optimum brilliance and energy efficiency. Apart from this, corporates are undertaking R&D activities toward bringing added strength and functionality through their products, cutting across numerous applications from emergency services to recreation. Strategic partnerships and collaborations with automobile manufacturers also gain equal importance for an extension in market reach.
In June 2022, HELLA introduced work lamps and floodlights, which will be utilized to increase workplace safety. These lamps are based on LED technology and complement the Modul 70, 90, and Power Beam. They also produce uniform illumination with a color temperature of roughly 6,500 Kelvin.