Automotive Laser Headlight Market: An Insight On the Important Factors and Trends Influencing the Market

Transparency Market Research observes that the automotive laser headlight market is highly consolidated. Analysts state that specific players hold a dominant share in certain regions. For instance, OSRAM GmbH dominates Europe with over 50% share of the overall regional market. On the other hand, the North America and Asia Pacific automotive laser headlight market are quite fragmented and are dominated by regional players. ZKW Group and SORAALASER are the two dominant players in these regions. The report indicates that big players are expected to focus on innovation and mergers and acquisitions to stay ahead of the competition in the forthcoming years.

According to Transparency Market Research, the global automotive laser headlight market is expected to be worth US$359.29 bn by the end of 2025 from US$ 1.09 bn in 2016. The global market is projected to show remarkable progress of CAGR 69.77% during the forecast period. In terms of vehicles, the passage vehicles are expected to pace ahead of commercial vehicles.

Browse report details https://www.transparencymarketresearch.com/automotive-laser-headlight-system-market.html

This segment will be driven by the increased accuracy of automotive laser headlights for passenger vehicles and the improving disposable incomes. Regionally, Europe is projected to lead the pack as well-established players in the market are expected to focus on technological innovation. As of 2016, Europe held a share of 40% in the overall market and is expected to continue its dominance during the forecast period.

Need to Implement Safety Measures Spikes Demand for Automotive Laser Headlights

Increased number of accidents due to increase in traffic flow in night time is one of the prime reason that is contributing to the growth of automotive laser headlight market. The implementation of such safety systems by the automobile industry has rapidly increased. Since laser headlight ensure safety of the passengers in night time by increasing the visibility of road, customers are frequently looking for such advanced safety features and are also willing to pay.

PDF Brochure https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=28658

Another factor that is contributing to the growth of this market is the stiff competition among the automobile manufacturers. The manufacturers are continuously upgrading their models so as to cater to the huge demand of innovative safety features that can be used for various applications.

Organizations such as New Car Assessment Program (NCAP), are investing in research and development to design automobiles possessing various safety features. The increasing use of sensors due to the advancements in technology is another factor that is contributing to the growth of this market. Government initiatives for fuel efficiencies and safety attributes of the vehicle are encouraging manufacturers to implement such integrated systems that can ensure safety as well as comply with such regulations.

Get a Custom Report https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=28658

Challenging Weather Conditions to Hamper Market Growth

However, laser headlights are not efficient in regions with adverse weather conditions. Regions with continuous snowfall, rainfall and fog make such safety systems inefficient to visible the front and surrounding objects. This makes the owners of such regions reluctant in implementing these systems. Another challenge to the growth of this market is the high cost.

Since every manufacturer competes for offering unique high intensity clear night vision headlight, each manufacturer integrates high-tech sensors having different applications. Such integrations make car owners difficult and confusing to understand the exact operating procedures for different car models. Hence, due to the technicality involved, the car owners are reluctant to install innovative headlight system.

This review is based on Transparency Market Research’s report, titled “Automotive Laser Headlight Market (Vehicle – Passenger Vehicle and Commercial Vehicle; Sales Channel – OEM and Aftermarket) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast - 2017–2025”.

About Us
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact Us
Transparency Market Research
90 Sate Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com

This release was published on openPR.