The global automotive intelligent lighting market is estimated to grow at a CAGR of 5.5% over the forecast period, 2020-2027.
Global demand for automotive intelligent lighting is expected to grow at CAGR of xx%, xx% xx%, and xx% respectively in Europe, North America, APAC, and the Middle East. The report covers the detailed analysis global automotive intelligent lighting industry with the classifications of the market on the product type, applications, and region. Analysis of past market dynamics from 2016 to 2019 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key player’s contribution in it.
The report has profiled eighteen key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimation the size of the same. The manufacturing environment in each region is different and focus is given on the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced technology, trusted vendors are analyzed and the report has come up with recommendations for a future hot spot in APAC region. The major country’s policies about manufacturing and its impact on automotive demand are covered in the report.
Global Automotive Intelligent Lighting Market is segmented by technology and the technology segment is further classified into LED, Halogen, and Xenon
LED segment is expected to grow at xx%, which is fastest among other sub segments to reach US$ xx Mn by 2027
Global Automotive Intelligent Lighting Market
The LED system is projected to grow at a CAGR of 7% over the forecast period to reach xx Bn by 2027. Several advantages of LED such as low-power consumption, enhanced durability, and power output are propelling the demand in automotive lighting. Market key players are introducing new products in a strategic way to reach consumer’s demand. The mid and low-budget segment vehicle manufacturers are trying to provide some luxurious features in their cars such as integrated LED technology, turn indicators, daytime running mode, high-beam, low-beam, and position lights. The increasing number of LED in new vehicles are driving the segment growth.
By Product Type
- Adaptive Headlight
- Intelligent Ambient Lighting
The adaptive headlight segment has significant market growth of 8.8% CAGR in 2019-2027 and is expected to reach US$ xx Mn by 2027.
Global Automotive Intelligent Lighting Market1
Growing demand for premium cars and innovation in an automotive lighting system is a major factor influencing the market growth. The new trend of the lighting system, the customer’s preference towards halogen bulbs with flexible efficient LEDs provided by OEM is driving the demand for adaptive headlight system in the vehicle to adjust headlight according to condition, which is driving the automotive Intelligent Lighting market in the forecast period. Increasing demand for smart technology in vehicle lighting like, intelligent ambient lighting systems expected to grow in the forecast period. The growth factors and challenges for the intelligent ambient lighting segment are covered in the report.
Global Automotive Intelligent Lighting Market2
Europe holds significant market share and is estimated to reach US$ XX Bn
Europe had the largest market share of xx% in 2019 and is expected to witness a growth rate of xx% in the forecast period. Europe has a major market for premium and luxurious cars also is a hub for major premium carmakers. European safety policies and norms for the safety of passengers defined by “Euro Standards” are expected to get stringent in near future. The North American market is expected to grow at xx% CAGR during 2019-2027. Rising demand for advanced driver assistance systems (ADAS) in automobiles, growing road safety concerns, and availability of components are driving the market in North America.
The objective of the report is to present a comprehensive analysis of the Global Automotive Intelligent Lighting Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Automotive Intelligent Lighting Market dynamics, structure by analyzing the market segments and project the Global Automotive Intelligent Lighting Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Automotive Intelligent Lighting Market make the report investor’s guide.
Scope of the Global Automotive Intelligent Lighting Market
Global Automotive Intelligent Lighting Market, By Technology
Global Automotive Intelligent Lighting Market, By Application
- Exterior Lighting
- Interior Lighting
Global Automotive Intelligent Lighting Market, By Product Type
- Adaptive Headlight
- Intelligent Ambient Lighting
Global Automotive Intelligent Lighting Market, By Sales Channel
Global Automotive Intelligent Lighting Market, By Vehicle Type
- Passenger Car (Passenger Car (PC))
Global Automotive Intelligent Lighting Market, by Region
- Asia Pacific
- North America
- South America
- Middle East & Africa
Intelligent Lighting players operating in Global Automotive Intelligent Lighting Market
- GENERAL ELECTRIC
- Hella KGaA Hueck & Co.
- Ichikoh Industries Ltd.
- Magneti Marelli S.p.A
- Texas Instruments Incorporated
- OSRAM Licht AG
- KOITO MANUFACTURING CO., LTD.
- J.W. Speaker Corporation
- STANLEY ELECTRIC CO., LTD.
- Neolite ZKW
- Continental AG
- De Amertek Corp
- Denso Corporation
- Johnson Electric
- Hyundai Mobis
- Robert Bosch GmbH
- Fraunhofer- Gesellschaft
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