Automotive Adaptive Lighting Market : Key Players, Growth, Analysis, by 2027

These lighting systems work upon the principle of sensing the movement of the object. As the vehicle turns right, the sensors installed in the lighting system transmit a message to the lights and enables the headlamps to shift right for clear vision to the driver. The existing static front lighting systems provide illumination straight onto the surface of road/ground without any sensitivity to curves or steering control. This creates complexity for the driver to in the night to take sharp turns. Thus, adaptive lighting systems are introduced for automotive.

Growth Drivers and Challenges

The market of automotive adaptive lighting is majorly driven on the back of rapid growth in automobile industry across the globe. Moreover, the advancements in automotive lighting technology that is much more efficient than the conventional ways and paving the way for automotive adaptive lighting market. Emergence of automobile industries and introduction of stringent government regulations to install advanced safety feature in passenger and commercial vehicles are the key factors which are swelling the demand for automotive adaptive lighting in various European and American countries. These lighting systems also have the property to adapt lighting conditions, on the basis of these additional properties these lighting systems are gaining traction among the manufacturers of automobiles. Likewise, the manufacturers of automobiles are shifting towards the adoption of advanced and energy efficient lighting technology such as LED technology. This will further spur the market of automotive adaptive lighting market in near future.

The automotive adaptive lighting is gaining momentum with the increasing commercial and heavy-duty vehicles. Rapid urbanization and expanding transportation and logistics sector across the globe are increasing the number of heavy duty vehicles. These vehicles operate in night time due to stringent government regulations and restricted entry in cities during day time to reduce the traffic congestion. Further, heavy-duty vehicle manufacturers are adopting this technology on account of rising concern towards road safety.

Conversely, installing adaptive lighting systems in vehicles increases the overall cost of these vehicles which creates a major challenge for this industry. Moreover, high cost of automotive adaptive lighting and availability of sub-standardized lighting systems are expected to hamper the growth of automotive adaptive lighting market.

Request Sample Report@ https://www.futuremarketinsights.com/reports/sample/rep-gb-4599

Market Regional Overview

Riding on the back of increasing sales of high-end luxury cars, the global automotive adaptive lighting market is expected to expand at a high CAGR over the forecast period i.e. 2017-2027. At present, Europe is the biggest consumer of automotive adaptive lighting followed by Asia-Pacific. However, with a better growth rate in automotive industry, Asia-Pacific is projected to surpass Europe automotive lighting demand by 2027.  Regionally, Asia-Pacific and Europe collectively is expected to contribute the largest market share during the forecast period i.e. 2017-2027. Moreover, Asia-Pacific region is projected to register a moderate CAGR over the forecast period i.e. 2017-2027 and it is expected to account the largest market share in terms of revenue by 2027 followed by Europe. Rising economy and positive growth in automobile industry in both the regions is directly helping the growth of automotive adaptive lighting market. The strict regulations from the governmental authorities to install sufficient safety features in vehicles to reduce road accidents is driving the market of automotive adaptive lighting market across the globe. The LED technology lighting segment is estimated to expand at a significantly high CAGR over the forecast period. This segment is rising on the back of ease of availability, low cost of these lighting systems and low replacement costs.

Moreover, manufacturers of automotive adaptive lighting systems are focusing towards the advancement in lighting systems to enhance the driving in night. These adaptive lighting systems are helpful for light & heavy commercial vehicles, as they are mainly used for logistics and transport. These vehicles are used to carry products and consignments in night due to stringent government regulation to reduce the traffic congestion in daytime.

Key Players

The key players of automotive adaptive lighting market are as follows:

• Hella KGaA Hueck & Co.
• Koito Manufacturing Ltd
• Magneti Marelli S.p.A
• SL Corporation
• Stanley Electric Co.
• Valeo Group
• Zizala Lichtsysteme GmbH

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, type of product and applications.

The report covers exhaust analysis on:

• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain

The regional analysis includes:

• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain)
• Eastern Europe (Poland, Russia)
• Asia-Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• The Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Few of the market players in the global automotive adaptive lighting market in the following segments: