Automotive Adaptive Lighting Market Growth, Challenges, Opportunities And Emerging Trends 2020-2027
Research Reports
Jan 20, 2021
Market Size – USD 2.16 Billion in 2019, Market Growth – CAGR of 7.6%, Market Trends – Technological innovation within automotive lighting industry
The Global Automotive Adaptive Lighting Market is projected to reach USD 3.91 billion in 2027. The continual development in automotive lighting applications, rising usage of the luxury passenger vehilces, increasing demand of automation in automobiles, demand of concept cars from high-income consumers and extensive growth in electric cars are boosting the demand of Automotive Adaptive Lighting Market.
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Technological innovations associated with automotive lighting industry are anticipated to stimulate market demand. For instance, a technology known as ‘laser matrix’ is improving the safety of high-beam driving. The technology combines laser lights, digital light processing and micro mirrors into a lighting architecture that has both light and dark zones. The system automatically masks-out areas in front of the vehicle, such as on-coming cars, to avoid blinding drivers and pedestrians; and intensifies light into traffic signs or dangerous situations.
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.
Regional Scope- North America; Europe; Asia Pacific; Central & South America; MEA
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Key players in the market include 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, among others.
Product Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Halogen Headlight
Xenon Headlight
LED Headlight
Others
Application Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Exterior Lighting
Headlights
Fog Lights
Day Time Running Lights (DRL)
Taillights
Sidelights
Centre High-Mount Stop Light (CHMSL)
Interior Lighting
Dashboard
Glovebox
Reading Lights
Dome Lights
Vehicle Type Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Passenger Vehicles
Light Commercial vehicles
Trucks and Buses
Two-wheelers
Others
Helping you establish a strong foothold in the industry
The Automotive Adaptive Lighting report highlights set of information related to pricing and the category of customers who are more than willing to pay for certain products and services. The information on opportunities as well as product features, determine which offerings or benefits command sale and identify the communications channels used by the market leaders to create premium positioning strategies as well as attract broadest share.
Browse the full report description @ https://www.emergenresearch.com/industry-report/automotive-adaptive-lighting-market
The research provides answers to the following key questions:
What is the estimated size of the Automotive Adaptive Lighting market for the forecast period, 2020 – 2027? What will be the growth rate of the industry during the estimated period?
What are the prominent driving forces likely to impact the progress of the industry across different regions?
Who are the major market players occupying a strong foothold in the Automotive Adaptive Lighting market? What are the winning strategies adopted by them to stay ahead in the competition?
What are the potential opportunities for the Automotive Adaptive Lighting market for the forecast period, 2020 – 2027?
What are the key trends expected to shape the development of the industry over the coming years?
What are the key restraints and challenges likely to hinder the growth of the Automotive Adaptive Lighting market worldwide?
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