Global Automotive Adaptive Lighting Market Forecast to 2027
The Global Automotive Adaptive Lighting Market research report is a comprehensive document that outlines the most recent advancements and developments in the Automotive Adaptive Lighting industry, with 2017 as the base year and 2020-2027 as the forecast period. The report provides useful insights into market size, market share, sales channel and distribution network, market segmentation, demands and trends, and growth prospects. The report also examines market growth on a global and regional scale. The report investigates the COVID-19 pandemic’s impact on the Automotive Adaptive Lighting Market and its key segments.
The market for automotive adaptive lighting is anticipated to grow to $3.91 billion by 2027. The market for automotive adaptive lighting is experiencing strong demand due to the ongoing advancement of automotive lighting applications, rising use of luxury passenger vehicles, rising demand for automotive automation, high-end consumers’ demand for concept cars, and rapid expansion of electric vehicles. The automotive lighting industry’s technological advancements are expected to increase demand.
For instance, ‘laser matrix’ technology is enhancing high-beam driving safety. Laser lights, digital light processing, and micro mirrors are all used in the technology to create a lighting design with both light and dark areas. To prevent blinding drivers and pedestrians, the system automatically darkens regions in front of the automobile, such as places where cars are approaching from behind, and intensifies light in areas where danger lurks.
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The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Automotive Adaptive Lighting market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
Key Companies Profiled in the Report are:
Magneti Marelli S.p.A, Varroc Engineering Limited, HELLA Group, SL Corporation, Stanley Electric Co., Ltd, Koito Manufacturing Co., Ltd., Valeo, Zizala Lichtsysteme GmbH, and OSRAM Light AG
Research Report on the Automotive Adaptive Lighting Market Addresses the Following Key Questions:
- Who are the dominant players of the Automotive Adaptive Lighting market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Automotive Adaptive Lighting market?
- What are the key growth drivers and restraining factors of the Automotive Adaptive Lighting market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Automotive Adaptive Lighting market and its key segments?
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Further key findings from the report suggest
- Halogen Headlight is projected to grow significantly in the forecast period. Halogen headlight increases the effective luminous efficacy of a tungsten filament when operating at a higher filament temperature which results in more lumens output per watt input. Additionally, a tungsten-halogen lamp has a much longer brightness lifetime than similar filaments operating without the halogen regeneration cycle.
- The demand for Special Utility Vehicles (SUVs) has surged in recent times due to the increasing leisure and tour activities globally. Small cars are also growing at a fast pace as they find less traffic on the road as compared to large passenger vehicles.
- Growing demand for premium cars is anticipated to create growth opportunities for the growth of the market. The demand for ultra-luxury cars demand has witnessed a significant increase. The clients of brands like Bentley, Aston Martin, Bugatti or Ferrari are looking for status but also for the latest features available in the market. The manufacturers are not only providing models with better new products but they are also evolving their products in terms of powertrain and segmentation.
- China is the key country and holds a significant share for the Automotive Adaptive Lighting Market in the APAC region. Other countries like South Korea, Japan, and India have also experienced a surge in the installation of adaptive automotive lighting.
- In January 2019, Valeo enetered into an agreement with Cree Inc to develop the first complete high definition (HD) LED array solution for automotive lighting system.
The report bifurcates the Automotive Adaptive Lighting market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
- Product Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
- Halogen Headlight
- Xenon Headlight
- LED Headlight
- Application Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
- Exterior Lighting
- Fog Lights
- Day Time Running Lights (DRL)
- Centre High-Mount Stop Light (CHMSL)
- Interior Lighting
- Reading Lights
- Dome Lights
- Exterior Lighting
- Vehicle Type Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
- Passenger Vehicles
- Light Commercial vehicles
- Trucks and Buses
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Regional Landscape section of the Automotive Adaptive Lighting report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
How will this Report Benefit you?
A 250-page report from Emergen Research includes 194 tables and 189 charts and graphics. Anyone in need of commercial, in-depth assessments for the global Automotive Adaptive Lighting market, as well as comprehensive market segment analysis, can benefit from our new study. You can assess the whole regional and global market for Automotive Adaptive Lighting with the aid of our recent study. To increase market share, obtain financial analysis of the whole market and its various segments. We think there are significant prospects in this industry for rapidly expanding energy storage technology. Look at how you may utilise the current and potential revenue-generating prospects in this sector. The research will also assist you in making better strategic decisions, enabling you to build growth strategies, strengthen competitor analysis, and increase business productivity.
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