Automotive Adaptive Lighting Market Research Report - Forecast to 2025
Published Date | 2019 June 24
According to BlueWeave Consulting, the Global Automotive Adaptive lighting Market was valued around USD XX.XX Billion in 2018 and is expected to expand at over a CAGR of XX% from 2019 to 2025, in terms of value, reaching around USD XX.XX Billion by the end of the forecast period. The demand for automotive adaptive lighting is growing expressively due to the factors like increasing vehicle sale volume and production coupled with strict government regulations, decreasing LED prices, and advancement in technology.
The automotive industry is about to propagate at a rapid pace, furthermore, the speedy increasing sales of passenger cars and technological innovations have also been a growth momentum. With several driving trends like expansion of global auto-manufacturers into new developing markets, rising disposable income of middle class population, and growing automotive industry accompanied by rapid industrialization is projected to boost the demand for automotive adaptive lighting market throughout the forecast period.
LED technology segment leads the overall automotive adaptive lighting market accounting for over XX% market share in 2018 and projected to reach X.XX billion by the end of 2025. Significant reductions in the price of LED lighting systems, an increase in automobile industry backed by technological advancement in recent years have enhanced the adoption of various LED lighting products worldwide. They offer brighter light while using less energy and producing less heat. They have lower maintenance costs which are driving the manufacturers are implementing LEDs in the vehicles. However, Xenon technology is projected to touch X.XX billion by 2025 with a CAGR of XX.X% during the forecast period.
Based on vehicle type, passenger cars holds the largest market share of XX% of entire automotive adaptive lighting market with an annual growth rate of X.XX%. Rapid urbanization, increasing consumer spending on the automobile has enhanced product demand. Moreover, the growing consumer awareness regarding advantages of LED lighting, strict government regulations shifting towards the adoption of advanced and energy efficient lighting will further boost the demand.
On the basis of End-Market, the market is bifurcated into OEM and Aftermarket. OEM is anticipated to grow at the highest CAGR of XX.X % and likely to reach USD XX.XX million by the end of 2025.
Geographically, the automotive adaptive lighting market is analyzed across North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Europe is the leading region with a market share of XX.XX% in 2018 and expected to touch XX.XX billion by 2025. Rising investments, increasing consumer spending and growing number of migrants will further boost the market growth. Additionally, due to the demand for passenger car coupled with strict government regulations, the market has seen substantial growth over the past few years and it has been experienced that the market will remain on the same growth level till the forecast period.
The key players of automotive adaptive lighting market include 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), and SL Corporation (South Korea).
Objective of the study
· To provide detailed analysis of the market structure along with the forecast period of the various segments and sub-segments included in global automotive adaptive lighting market with analysis of its development and demand in the market
· To identify high growth geographies and countries
· To study regional and country-specific demand and forecast for global automotive adaptive lighting market
· To study detail of automotive adaptive lighting market by technology, vehicle type, by end market, and by region in forecasted period 2025.
· To track mergers and acquisitions, strategic alliances, new product development of specified company.
· Manufacturers and distributors of automotive adaptive lighting market.
· Suppliers and traders of automotive adaptive lighting market.
· Government, associations and industrial bodies.
· Investors and Trade experts.
· Consulting in automotive experts.
The reports also cover country level analysis:
· Rest of the Europe
· Rest of Asia-Pacific
· Rest of Latin America
Middle East & Africa
· Saudi Arabia
· South Africa
· Rest of Middle East & Africa