Automotive Adaptive Lighting Market 2020 Global Industry Forecast To 2023 Research Report is latest Global Automotive Adaptive Lighting Industry Report published by Market Research Future. According to study Market for Automotive Adaptive Lighting Market to Capture USD 2,795.7 Million In Revenues By 2023. Automotive Adaptive Lighting Market to Grow with Upgrades In Car Designs.
Global Automotive Adaptive Lighting Market Information Report, By Technology (Halogen, Led, Xenon and Other), By Vehicle Type (Passenger Vehicle and Commercial Vehicle), By End Market (OEM and Aftermarket) and By Region – Forecast To 2023.
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Automotive Adaptive Lighting Market Overview:
The widespread availability of LEDs is playing a major role in the inclusion of adaptive lighting in automobiles. The insights into the automobile industry are advanced by Market Research Future, which concentrates on reports on industry verticals that review the market options for growth. Revenues worth USD 2,795.7 million have been forecasted by 2023 for the market to be achieved at an estimated CAGR of 8.18 %.
The automotive adaptive lighting market growth 2020 is estimated to be bolstered by surging investment in the automotive sector, especially towards R & d. the government regulations in various countries have further driven various automobile manufacturers to change the designs in the lighting of various automobiles. the automotive adaptive lighting market share is expected to proliferate with increased end-user demand in various regions through the forecast period.
Segmental Analysis
The segmental review of the automotive adaptive lighting market has been conducted based on vehicle type, technology, region and end market. Based on the vehicle type, the automotive adaptive lighting market is divided into passenger vehicles and commercial vehicles. On the basis of the end market, the automotive adaptive lighting market is segmented into OEM and aftermarket. Based on technology, the market for automotive adaptive lighting is segmented into LED, halogen, and xenon. Based on the regions, the automotive adaptive lighting market is segmented into Asia Pacific, North America, Europe, Latin America and MEA.
Detailed Regional Analysis
The regional scrutiny of the automotive adaptive lighting market encompasses regions such as Asia Pacific, North America, Europe, Latin America, and MEA. The market had seen significant development in the previous few years and it has been noted that the automotive adaptive lighting market is expected to keep on at an unchanged development level in the duration of the forecast period. Among the regions included, the European region will account for the main market share for the automotive adaptive lighting market, trailed by the Asia Pacific and the North American region. The key factors that are powering the automotive adaptive lighting market in the forecast period are the upsurge in sales of new vehicles, increasing emphasis on R&D for automotive lighting, quickening development in cities.
Competitive Analysis
The market is projected to acquire an increased momentum owing to the demand levels that are prevalent in the market. The stakeholders in the market are undertaking strategies that will accelerate and revitalize the growth of the market on a global scale. The revamping of the product range in the market is expected to open up new opportunities for advancement in the coming period. The development of assets of the supply chain is expected to set a favorable tone for the growth of the market in the forecast period. The divergence in inclinations of the consumers in the market is expected to boost the progress of the market in the forecast period. The innovation levels in the market are likely to rise in the coming years due to augmented investment and availability of talent in the market. The regulations being put into operation by the government and trade specialists on the global level are indicative of the favorable they have on the international market development.
The prime contenders in the automotive adaptive lighting are Koito Manufacturing Co., Ltd (Japan), Zizala Lichtsysteme GmbH (Austria), Stanley Electric (Japan), Valeo Group (France), Magneti Marelli (Italy), HELLA KGaA Hueck & Co. (Germany), North American Lighting (U.S.) Varroc Lighting Systems (U.S.), OSRAM Licht AG, and SL Corporation (South Korea).
Industry Updates:
Jan 2020 BMW has recently introduced the reviewed type of the 7 Series luxury sedan with all-embracing updates in technology, design, and powertrain in the sixth generation. The model notably includes new slender icon adaptive full LED headlights distinguished with the bigger grille and incorporated distinctive blue BMW Laser light. The lights veer with the wheels to light around turns and corners.
List of Tables:
TABLE 1 GLOBAL AUTOMOTIVE ADAPTIVE LIGHTING MARKET, BY TECHNOLOGY, 2015-2023 (USD MILLION) 30
TABLE 2 GLOBAL AUTOMOTIVE ADAPTIVE LIGHTING MARKET, BY VEHICLE TYPE, 2015-2023 (USD MILLION) 33
TABLE 3 GLOBAL AUTOMOTIVE ADAPTIVE LIGHTING MARKET, BY END MARKET, 2015-2023 (USD MILLION) 36
TABLE 4 GLOBAL AUTOMOTIVE ADAPTIVE LIGHTING MARKET, BY REGION, 2015-2023 (USD MILLION) 39
TABLE 5 NORTH AMERICA AUTOMOTIVE ADAPTIVE LIGHTING, BY COUNTRY, 2015-2023 (USD MILLION) 41
TABLE 6 NORTH AMERICA AUTOMOTIVE ADAPTIVE LIGHTING MARKET, BY TECHNOLOGY, 2015-2023 (USD MILLION) 41
TABLE 7 NORTH AMERICA AUTOMOTIVE ADAPTIVE LIGHTING MARKET, BY VEHICLE TYPE, 2015-2023 (USD MILLION) 42
TABLE 8 NORTH AMERICA AUTOMOTIVE ADAPTIVE LIGHTING MARKET, BY END MARKET, 2015-2023 (USD MILLION) 42
TABLE 9 US AUTOMOTIVE ADAPTIVE LIGHTING MARKET, BY TECHNOLOGY, 2015-2023 (USD MILLION) 43
TABLE 10 US AUTOMOTIVE ADAPTIVE LIGHTING MARKET, BY VEHICLE TYPE, 2015-2023 (USD MILLION) 43
TABLE 11 US AUTOMOTIVE ADAPTIVE LIGHTING MARKET, BY END MARKET, 2015-2023 (USD MILLION) 43
Continued…
List of figures:
FIGURE 1 RESEARCH PROCESS OF MRFR 16
FIGURE 2 TOP DOWN & BOTTOM UP APPROACH 18
FIGURE 3 IMPACT ANALSIS: MARKET DRIVERS 20
FIGURE 4 SALES OF NEW VEHICLES, 2013-2016 21
FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS 22
FIGURE 6 FIVE FORCES ANALYSIS 24
FIGURE 7 GLOBAL AUTOMOTIVE ADAPTIVE LIGHTING MARKET, BY TECHNOLOGY, 2016 (%) 29
FIGURE 8 GLOBAL AUTOMOTIVE ADAPTIVE LIGHTING MARKET, BY TECHNOLOGY, 2015-2023 (USD MILLION) 29
FIGURE 9 GLOBAL AUTOMOTIVE ADAPTIVE LIGHTING MARKET, BY VEHICLE TYPE, 2016 (%) 32
FIGURE 10 GLOBAL AUTOMOTIVE ADAPTIVE LIGHTING MARKET, BY VEHICLE TYPE, 2015-2023 (USD MILLION) 32
Continued…
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