Automotive Adaptive Headlights Market Key Players 2025 – Magneti Marelli S.p.A., Varroc Engineering Limited., HELLA Group., SL Corporation, Stanley Electric Co.

The automotive adaptive headlight market is expected to rise from market is projected to grow at a CAGR of 8.8%, in terms of value, from 2017 to reach USD 3.20 Billion by 2025.

Keeping in line with overall automotive sales, industry experts anticipate the automotive lighting segment to grow to $35.9 billion by 2022, at a 5.7 percent compound annual growth rate. Two technological trends are contributing to this growth and transformation of automotive lighting:

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The research methodologies used for evaluating the Automotive Adaptive Headlights market are inventive and also provides enough evidence on the demand and supply status, production capability, import and export, supply chain management and investment feasibility.

The investigative approach applied for the extensive analysis of the sale, gross margin and profit generated by the industry are presented through resources including tables, charts, and graphic images. Importantly, these resources can be easily integrated or used for preparing business or corporate presentations.

Market Segment by manufacturers, the report covers the following companies:
Magneti Marelli S.p.A., Varroc Engineering Limited., TYC Brother Industrial Co. Ltd., HELLA Group., Ichikoh industries, Ltd., SL Corporation, Stanley Electric Co., Ltd., ZKW Group. (LG Electronics), Koito Manufacturing Co., Ltd, Valeo

Application Market Scenario
• On the basis of application the market is segmented into passenger cars, light commercial vehicle, trucks and buses and two wheelers
• The demand for adaptive headlight in passenger cars is expected to reach USD 2.39 Billion by 2025
• Passenger Cars are the fastest growing segment owing to rising demand in emerging economies and steady increase in sales of the premium sub segment
• The highway lights are majorly used in areas where high speeds are employed. The light distribution is large in comparison to other types with less diffusion. The range of the light adapts to the changing speeds and changing terrains.
• The trucks and buses segment is expected to grow at a CAGR of 8.4% from 2018-2025

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Market Segment on the basis of Product Insights (Revenue, USD Million; 2016–2025), the report covers:
• Halogen
• Xenon
• LED

Market Segment on the basis of Systems Scenario (Revenue, USD Million; 2016–2025), the report covers:
• Highway Lights
• Rural Lights
• High Beam
• Bend Lighting
• Adverse Weather Lights

Regional Market-O-Nomics
• Europe is estimated to account for the largest share of the global automotive adaptive headlights market with a share of 41.2% in 2017
• Light vehicle sales reached 17.5 million units in 2016. Overall, the United States is the world’s second largest market for vehicle sales and production
• In 2016, the United States exported almost 2.1 million new, light vehicles valued at $57 billion to almost every country around the world, with additional exports of automotive parts valued at approximately $80 billion.
• In 2016, the total value of Canadian imports value of vehicles from the United States (cars, medium and heavy duty trucks) totaled US$33.7 billion, with a 9.3 percent increase for light vehicles imports offsetting an 11.9 percent decrease in medium and heavy duty truck imports
• The Europe Automotive Adaptive Headlights Market is expected to reach USD 1.23 billion by the end of 2025 growing at a CAGR of 7.8%

Companies considered and profiled in this market study:
The global automotive adaptive headlight market is characterized by the presence of a number of global, regional, and local vendors and appears to be highly fragmented. The market is highly dependent on the growth of the automotive industry and is driven by the increase in production of automobiles. The presence of regional players who cater to the needs of the cost-centric markets in the respective regions poses a stiff competition to the international vendors.

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This release was published on openPR.