Market Highlights:
The global automotive adaptive lighting market has been largely benefiting from the changing paradigms in government regulations and end-users perspective towards enhanced safety in automobiles. In spite of a turbulence caused by the global economic slowdown of 2008, the automotive market gained back the pre-crisis annual growth rate after 2014. With several driving trends such as growing demand of passenger vehicles, growing urban population, expansion of global auto-manufacturers into new emerging markets, and rising disposable income of middle class population. The global automotive adaptive lighting market is poised to grow over USD 2,795.7 million by 2023 at an estimated CAGR of 8.18% through the forecast period.
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Key Players of Automotive Adaptive Lighting Market:
- HELLA KGaA Hueck & Co. (Germany)
- Koito Manufacturing Co., Ltd (Japan)
- Magneti Marelli (Italy)
- Stanley Electric (Japan)
- North American Lighting (U.S.)
- Varroc Lighting Systems (U.S.)
- Zizala Lichtsysteme GmbH (Austria)
- OSRAM Licht AG, Valeo Group (France)
- SL Corporation (South Korea)
Market Research Analysis:
With the global economy undergoing an unprecedented level of shift, major emerging countries such as China, India, Thailand, and Indonesia, among others are becoming manufacturing hubs for global automotive players. As a result of increasing prosperity in the emerging economies, more and more people are able to afford their own car, particularly in emerging Asian economies such as China and India. In order to tap these rising consumer automobile preferences, leading global automotive players such as Volkswagen, BMW, Toyota, and Ford, among others are entering into new emerging markets for business expansion. As the global auto-manufacturers continue to expand into growing and emerging markets, the demand for automotive adapting lighting and other lightings will also rise.
Scope of the Report:
This study provides an overview of the global automotive adaptive lighting market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next 6 years for each region. The scope of the study segments the global automotive adaptive lighting market by its technology, vehicle type, end market and regions.
By Technology
- LED
- Xenon
- Halogen
By Vehicle Type
- Passenger Vehicles
- Commercial Vehicles
By Region
- North America
- Asia Pacific
- Europe
- Rest of the World
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