Analysis of the global automotive lighting market

According to data from a securities investment research institution in 2021 and 2022, the world's top five automotive lighting leaders account for more than 90% of the market share. Among them, Japan's Koito, France's Valeo, Magneti Marelli, Germany's Hella and Japan's Stanley account for 25%, 23%, 20%, 16% and 11% of the market share respectively. In Europe, Magneti Marelli, Freia Hella and Valeo are known as the "Big Three" because they occupy unparalleled relationships and advantages in the region. In Japan and South Korea, the automotive lighting market is dominated by local companies. For example, Koito automotive lighting is almost exclusively supplied to Toyota, and Stanley is almost a subsidiary of Honda. In China, market relations are even more intricate, with companies such as Huayu and Mind occupying an important position.