Automotive Adaptive Headlights Market Size Forecast to Reach $4.5 Billion by 2025
Automotive Adaptive Headlights Market size is forecast to reach $4.5 billion by 2025, after growing at a CAGR 8.7% during 2020-2025. Adaptive headlights are sensitive to vehicle speed and elevation and automatically adapt to the road. The incidence of traffic fatality is on the increase and a lot of this contributes to the rising deaths of pedestrians. Automotive lighting advancements are an essential factor which plays an important part in driver and pedestrian safety. Investment in the segments of automotive lighting is increasing, representing its global market size at $23.8 billion as of 2019. The global market for Automotive Adaptive Headlights largely profits from a change in government legislation and the end-user viewpoint of increased safety in cars. Despite the chaos generated by the global economic crash of 2008, after 2014, the automobile industry regained its pre-crisis annual growth pace.
Automotive Adaptive Headlights Market Segment Analysis - By Technology
Halogen Headlight category in the commodity sector is expected to grow substantially over the forecast period. If you open 90% of the car headlights on the road today, you can consider a headlight halogen bulb. The system is not new but it has been developed to where it is now as much as possible. Halogen light bulbs have only 2% – 4% luminous capacity. For many countries the power of their headlamps is legally restricted. Companies such as Sylvania and Philips are recognized for their high-quality products, with severe visibility becoming their leading halogen bulb standard. A monitor monitors evening traffic and sends out detail to the headlamps. It tests the optimal beam design to 100 times a second.
Request for Sample of the Report @ https://www.industryarc.com/pdfdownload.php?id=19203
Report Price: $ 4500 (Single User License)
Automotive Adaptive Headlights Market Segment Analysis - By Vehicle Type
Passenger cars are the fastest-growing vehicles on the automotive adaptive headlight segment, despite vehicle type. Demand for passenger vehicles is increasing at a significant pace due to rising disposable income and the developing lifestyle of the urban population. People's minds have changed from vehicles-as - a-luxury to automobiles-as-a-needs, and this is the most important aspect of the growth in passenger cars that the CAGR report saw rising to 5.20% by 2025. Moreover, growing business prospects in the car rental industry are pushing passenger car takeovers. Passenger vehicles are the most popular mode of transport in developed countries and are also increasing in numbers in developing countries due to higher per capita income.
Automotive Adaptive Headlights Market Segment Analysis - Geography
The Vehicle Integrated Headlights market is forecast to expand at a CAGR of 8.8 percent in terms of volume and reach USD 3.48 billion in 2026. North America leads the way per region in the global demand for vehicle integrated headlamps. The field for automotive adaptive headlights is expected to gain 33.50 percent of the total market share. This high share is due to the involvement of key players who control the field accustomed to the premium car and passenger car industries. The ballooning automobile industry, which has accrued with the latest electric vehicle segment, also accounts for the expandable growth in the global automotive lighting market. The major factors expected to drive the market for automotive advanced lighting in Asia-Pacific are increasing sales of new automobiles, concentrating on research and development into automotive lighting. Economic growth in the area directly influences the selling of passenger cars and commercial vehicles. Manufacturers are looking to improve their flexibility across the value chain.
Automotive Adaptive Headlights Market Drivers
Adaptive light in every condition
These lights are not confined to night driving alone but are also critical in conditions such as wind, fog, dust or snow. According to the National Safety Council, in 2017, medically-consulted injuries due to vehicle accidents totalled 4.6 million and in the same year the aggregated accident losses were reported at $433.8 billion.58 per cent of motorists are in the UK, according to a study by RAC Motoring Services. Road finds the glare generated by new age headlights to be unacceptable and to be liable for driver’s risk of collision. While the lighting industry is increasing in the automotive sector, the industry is still searching for efficient, competitive and, most importantly, much safer lighting solutions in the automotive lighting market.
Growing demand of premium car
Growing demand for premium cars is expected to create more incentives for adaptive headlights to develop in the industry. Market for ultra-luxury cars has gone up considerably. Customers of brands like Porsche, Aston Martin, Bugatti or Ferrari are searching for consistency but also new market innovations. Adaptive headlamps are new features that drive the market.
Partnership between automotive OEMs and lighting system manufacture
Major manufacturers of automotive lighting have collaborated with OEMs to design a new standard that not only fulfills the OEM's specifications but also expands the technical reach and expertise for lighting users. This will boost market demand for Automotive Adaptive Headlights.
Talk to one of our sales representative about the full report by providing your details in the link below:
https://www.industryarc.com/support.php?id=19203
Automotive Adaptive Headlights Market Challenges
High price
It is anticipated that high price of Adaptive Headlights will hinder business growth. High costs of adaptive automotive lighting and the existence of under-standardized lighting systems are likely to inhibit development in demand for adaptive automotive lighting. Halogen and Xenon / HID, which were used earlier, have been less prevalent with the advent of modern technologies. The LED is small in comparison, which provides great versatility for various shapes and styles. It uses less energy, and is lighter than halogen. However, because LEDs are more costly than other systems, use of LEDs is limited to high-end or luxury automobiles. LEDs high cost may be attributed to their high manufacturing costs.
Market Landscape
Software releases, acquisitions, and R&D initiatives are primary tactics that players in the market for the automotive adaptive headlights device market follow - Hella KGaA Hueck & Co, Valeo S.A, Osram GmbH, Continental AG, Hyundai Mobis, Ichikoh Industries, Magneti Marelli, Koito Manufacturing Co., Stanley Electric Co. Ltd, Koninklijke Philips N.V, Robert Bosch GmbH, Zizala Lichtsysteme GmbH, NXP Semiconductors, Aptiv PLC, Grupo Antolin, Federal-Mogul Corporation, Lear Corporation,Gentex Corporation, Flex-N-Gate, North American Lighting, Denso Corporation, Renesas Electronics Corporation, Keboda, Varroc, Lumax Industries.
Launches/Acquisitions
In June 2019 Hella received an integrated solution for diverse lighting schemes. The two Group-Lighting and Electronics business groups have worked closely together and combined their commodity technology into a flexible and efficient organizational system. The modular design helps you to install headlight plates, electrical control units and sensors.
In January 2019, Valeo and Cree, Inc. confirmed that the firms would collectively create the first full HD LED display solution for vehicle lighting systems. Valeo PictureBeam Monolithic is the first complete high-definition lighting device that provides both glare-free and high-beam road marking functions along with high-performance low beam and high beam in a single lightweight solution. This unique solution uses a compact LED system, in which pixels of light beam are produced directly at the light source.
Key Takeaways
In the forecast period the halogen field is expected to hold the largest market share. Halogen headlight enhances a tungsten filament's productive luminous ability when it functions at a higher filament temperature, resulting in more lumens generated per watt input.
In terms of value, the Europe demand for automotive lighting is expected to expand at the fastest rate during the forecast period. This large share is due to the presence of the region's main players accustomed to premium cars.
Rising disposable income, better lifestyle and increasing customer tastes have greatly impacted the worldwide sales of luxury cars.
Major automotive lighting suppliers also worked with OEMs to develop a new model that not only meets OEM specifications but also expands product flexibility and know-how for lighting manufacturers.
Related Reports :
A. Automotive Lighting Market
https://www.industryarc.com/Report/18196/automotive-lighting-market.html
B. Adaptive Optics Market
https://www.industryarc.com/Research/Adaptive-Optics-Market-Research-502631
About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.
