openPR Logo
Press release

Global Automotive Laser Lighting Market Projected to Experience Major Revenue Boost during the Period 2018-2028 / OSRAM Licht AG, Magneti Marelli S.p.A. (Automotive Lighting), Audi AG (Developer), BMW Group (Developer), Zizala Lichtsysteme GmbH (Developer

11-10-2018 07:51 AM CET | Industry, Real Estate & Construction

Press release from: Fact.MR

Global Automotive Laser Lighting Market Projected

Automotive laser lighting are car lights that use laser diodes to generate light instead of conventional car bulbs. The diode is 100 times smaller than the emitters used in LED lights. The laser diodes in Automotive Laser Lighting Market when generate light, it emerges as a blue light, which is then passed through a phosphor converter and then turns that blue light into the standard white light that are used to be emitted from car lights. Although automotive laser lighting can be very hot, but the headlights are safety controlled to ensure full safety.

Request Brochure of this Report- https://www.factmr.com/connectus/sample?flag=B&rep_id=884

Car lights are evolving at a lightning fast pace. It was only in the last few years that LED headlights became an option for car buyers as OEM parts. LED lights for cars are still being offered by a handful of carmakers and, in most case they are purchased as an option rather than coming as a standard automotive lighting feature.

Considering xenon and LED lights for cars, automotive laser lighting may have advantages including:

Brighter Illumination – An automotive laser lighting is capable of producing illumination that is 1000 times more intense than what an LED light can emit.

More Energy Efficient – Automotive laser lighting requires half as much power as an LED light.

New Design Opportunities – As laser diodes are small in size laser light will take up less space inside the front end of a vehicle, making it possible for automakers to create innovative new designs with the extra space.

Room for Modifications – Laser lights can be combined with other auto lighting technologies such as auto dimming.

The technology for automotive lighting started off as a primitive and low cost solution for providing illumination inside and around a car. It started out with the use of incandescent lamps that were bulky and hot and consumed large amounts of battery power. Then the transition happened, wherein developers capitalised on LED, HID and Xenon technologies for lighting purposes. These technologies offer better illumination, consume less power and are more reliable than incandescent lamps. Pushing the boundaries even further, automotive laser lighting came into foray with BMW i8 electric vehicle as the Launchpad for such technology. Automotive laser lighting is a step ahead of other lighting systems as it possesses higher illumination range, which aids in ensuring safety without compromising the power requirements. Coherence of laser lighting also makes it an attractive prospect for the manufacturers to tap into, thereby benefitting the growth of automotive laser lighting market. From the perspective of electric vehicles, automotive laser lightings are particularly advantageous owing to the fact that they consumes less electricity.

In addition to vehicle production being the major driver for the automotive laser lighting market, penetration of this technology in vehicles is also increasing owing to the dominance of LED and other forms of lighting in the market today. The automotive laser lighting market is still in its nascent stage and hence, in the current market scenario, it has registered only single digit penetration rate. Numerous high end flagship models manufactured by various automakers come factory fitted with such lighting systems.  

To know more about the Automotive Laser Lighting Market Visit the link- https://www.factmr.com/report/884/automotive-laser-lighting-market

This is improving the sales revenue of the automotive laser lighting market. Aftermarket options are also likely to widen in the upcoming years owing to increasing activities pertaining to customization, which can aid in the growth of the automotive laser lighting market. On the contrary, complexity and high price of systems can act as a roadblock to the growth of the automotive laser lighting system market. Moreover, overarching domination of LED lighting can also hinder the growth of the automotive laser lighting market during the forecast period.

The focus on manufacturing and utilization of electric vehicles has never been as high as it is now. Consumption of electric power by laser lighting systems is comparatively lower than LED systems and hence, electric vehicle manufacturers are likely to look forward to implementing automotive laser lighting in their models. Players operating in the automotive laser lighting market majorly belong to the organised segment owing to the high cost of raw materials, complexity of systems and is still in its development stages.

Automotive Laser Lighting Market: Segmentation

The automotive Laser Lighting market can be segmented on the basis of product type, application, vehicle type and distribution channel.

By product type, the automotive Laser Lighting market can be segmented into:

Breathable cover
Non-Breathable cover
By application, the automotive Laser Lighting market can be segmented into:

Head lights
Tail lights
Others
By vehicle type, the automotive Laser Lighting market can be segmented as:

Passenger cars
Light Commercial Vehicles
Heavy Commercial Vehicles
By distribution channel, the automotive Laser Lighting market can be segmented as:

Original Equipment Manufacturers (OEM)
Aftermarket
Automotive Laser Lighting Market: Regional Outlook

North America, Europe and Asia Pacific take up the majority of the share in the global production, surpassing other regions by a large margin. However, installation rate must also be taken into consideration as it differs from region to region. The automotive Laser Lighting market in North America and Europe will witness higher installation rate owing to higher demand for luxury cars while this may not be the case in Asia Pacific market as customers in the region usually opt for low-end cars with basic features. Nevertheless, the automotive Laser Lighting market in the above regions is expected to grow at a slow pace during the first half of the forecast period and will eventually pick up during the second half. The market in Latin America and other emerging regions will depend on the performance of the automotive laser lighting market in developed regions. Hence, the market in these regions will pick up steam once the market in developed regions has attained maturity.

Automotive Laser Lighting Market: Participants

Examples of some of the players actively involved in automotive Laser Lighting market are OSRAM Licht AG, Magneti Marelli S.p.A. (Automotive Lighting), Audi AG (Developer), BMW Group (Developer), Zizala Lichtsysteme GmbH (Developer), SLD Laser

Request TOC of this Report- https://www.factmr.com/connectus/sample?flag=T&rep_id=884

About FactMR
FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market insights reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

Contact Us
FactMR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/
Blog: https://factmrblog.com/
Read Industry News at - https://www.industrynewsanalysis.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Automotive Laser Lighting Market Projected to Experience Major Revenue Boost during the Period 2018-2028 / OSRAM Licht AG, Magneti Marelli S.p.A. (Automotive Lighting), Audi AG (Developer), BMW Group (Developer), Zizala Lichtsysteme GmbH (Developer here

News-ID: 1359643 • Views:

More Releases from Fact.MR

Remote Control Market Projected to Reach US$ 42.1 Billion by 2034, Growing at a CAGR of 4.8%
Remote Control Market Projected to Reach US$ 42.1 Billion by 2034, Growing at a …
As of right now, estimates place the size of the global remote control market at a 4.8% compound annual growth rate (CAGR) over the following ten years, rising from US$ 26.4 billion in 2024 to US$ 42.1 billion by 2034. Sales of remote controls are expected to increase gradually between 2024 and 2034 as a result of product technical developments and market participants' calculated moves. Businesses have a rare chance to
Global SAP Cloud Platform Services Market is likely to reach a valuation of USD 6.5 Million by 2032
Global SAP Cloud Platform Services Market is likely to reach a valuation of USD …
Fact.MR recently conducted a study on the global SAP cloud platform services market is anticipated to surge from USD 443 million in 2022 to a staggering USD 7,000 million by 2032. This remarkable growth trajectory is projected to unfold at an exhilarating compound annual growth rate (CAGR) of 31% over the period spanning from 2022 to 2032. This analysis delves into pivotal trends shaping the market's growth trajectory. The report elucidates
Mobile Value Added Service Market is projected to rise at a CAGR of 14.9% through 2034
Mobile Value Added Service Market is projected to rise at a CAGR of 14.9% throug …
As per a recent study conducted by Fact.MR, a prominent provider of market research and competitive intelligence, the global Mobile Value Added Service Market is valued at approximately US$ 880.4 million in 2024. Forecasts indicate a robust compound annual growth rate (CAGR) of 14.9% through 2034, with the market anticipated to exceed a valuation of US$ 3,522.6 million by the end of that period. Intense competition among smartphone manufacturers has led
GMP Cell Banking Service Market value is projected to reach US$ 3,123.5 million by 2034
04-23-2024 | Health & Medicine
Fact.MR
GMP Cell Banking Service Market value is projected to reach US$ 3,123.5 million …
According to Fact.MR, a leading provider of market research and competitive intelligence, the global GMP Cell Banking Service Market is anticipated to reach approximately US$ 882.1 million by 2024. Over the period from 2024 to 2034, the market for GMP cell banking services is expected to witness a robust growth rate of 13.7%. The report further forecasts that the market will attain an overall valuation of US$ 3,123.5 million by

All 5 Releases


More Releases for Laser

Fabric Laser Cutting Machine Market Research with COVID-19 - Han's Laser, Gravot …
The Global Fabric Laser Cutting Machine Market Analysis Report provides detailed information of the market as well as critical insights on market size and share, growth driving forces and growth restricting forces, challenges and risk factor, trends and opportunities, advancements and more competitive landscape: profile & business overview of top key players and manufacturers that help comprehend the position of the market on a deeper level. Download PDF Sample@ https://www.themarketinsights.com/request-sample/254771 Moreover, historic
Laser Cleaning Market 2020 Analysis by Top Manufacturers -Hans Laser, IPG Photon …
The Global Laser Cleaning Market Research Report 2020-2026 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data which enhances the understanding, scope and application of this report. Request
Laser Cutting Machine Market Size, Growth, Analysis Research Report 2018 To 2025 …
The Global Laser Cutting Machine Market is an exceptionally divided, niche market with the presence of a limited number of merchants. Suppliers in the market participate based on estimation, development, benefit, reputation, distribution, and promotion. As the market is still in its development stage, small merchants with inventive solutions have the odds of being acquired by leading players in the market. For Sample Copy of Reports: http://www.contrivedatuminsights.com/Home/RequestaSample/2729 The report provides qualitative
Medical Laser Systems Market (CO2 Laser, Excimer Laser, Ho:Yag Laser, Nd:Yag Las …
Lasers produce parallel, monochromatic and coherent beams of light of specific frequency by the process of stimulated emission. This report includes the market estimation of the global medical laser systems market for the forecast period in terms of USD million, considering 2011 as the base year. Furthermore, the market trends, drivers, restraints, future opportunities and recent developments have been taken into account while forecasting the market growth and revenue for
Global Laser Processing Market Forecast 2018-2025 Bystronic Laser AG, Eurolaser …
Market study on Global Laser Processing 2018 Research Report presents a professional and complete analysis of Global Laser Processing Market on the current market situation. Report provides a general overview of the Laser Processing industry 2018 including definitions, classifications, Laser Processing market analysis, a wide range of applications and Laser Processing industry chain structure. The 2018's report on Laser Processing industry offers the global Laser Processing development history, development trends
Global Laser Cutting Machines Market - Lead Laser, Golden Laser, Boye Laser, Kai …
Global Laser Cutting Machines Market Report 2017 provides detailed analysis of Laser Cutting Machines market, enclosing detailed study of Laser Cutting Machines market for last few years and forecast up to year 2022. The Laser Cutting Machines market report analyses the global Laser Cutting Machines market from different angles to understand various factors impacting the global Laser Cutting Machines market. The reports enlightens the user with various applications, product type, end