Advancements in laser lighting technology is driving the rapid expansion of the two-wheeler lighting market
LiuHJG
According to research statistics and forecasts, the global two-wheeler lighting market size is expected to grow from USD 1,772 million in 2023 to USD 4,119 million by 2030, at a CAGR of 12.81% during the forecast period.
Motorcycle Lighting Market Drivers Analysis
Motorcycle lighting systems are designed to provide clear vision to motorcycle riders in dark, foggy, polluted or extreme weather conditions. One of the major factors influencing the growth of the market is the increasing use of motorcycles due to their affordability, reduced fuel consumption, and increased mobility. Motorcycle lighting is an important component of two-wheelers as it promotes safe driving, reduces accidents, facilitates maneuvering, and improves visibility in inclement weather. Additionally, the increasing availability of products for decoration and enhancing the attractiveness of the vehicle are also factors that are spurring expansion. Additionally, the demand for aftermarket LED lighting solutions is also growing owing to their superior performance, higher safety, lower failure rate, higher brightness, and uniform beam pattern over OEM incandescent bulbs.
In addition, the development of laser technology is driving the expansion of this market. Laser technology uses less power, emits brighter true white light, has a longer long throw distance, and does not blind drivers approaching the vehicle. The introduction of various solutions with modern features and aesthetics, development of organic LED (OLED) lighting, and expanding consumer spending power are further variables expected to drive the market expansion.
On the basis of lamp type, the market is segmented into three segments: halogen, xenon, and LED. Of these, LEDs have the largest revenue share (41%) in 2023. Motorcycles now offer better fuel economy as LED lights consume less energy. Additionally, LED lights are able to withstand the impact of vehicles and are shock and vibration resistant. In addition, LED lighting enables cutting-edge innovations that enhance the visual appeal of motorcycles, such as integrated daytime running lights (DRLs) and dynamic turn signals.
In terms of application, the motorcycle segment accounts for more than 47% of the global two-wheeler lighting market. This is due to the fact that motorcycles can sometimes have more advanced lighting systems and are usually more expensive than scooters and mopeds. In order to allow the rider to see clearly even in low light conditions, the headlights of motorcycles are mainly used to illuminate the space in front of the vehicle.