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Automotive Intelligent Lighting Market 2027 Worldwide Analysis on Revenue, Segmentation and Key Players Automotive Lighting, HELLA, Koito Manufacturing, Lumileds Holding B.V., OSRAM Continental

08-13-2019 05:58 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: The Insight Partners

Automotive Intelligent Lighting Market 2027 Worldwide

The global automotive intelligent lighting market is estimated to account US$ 3.22 Bn in 2018 and is expected to grow at a CAGR of 12.4% during the forecast period 2018 - 2027, to account to US$ 8.70 Bn by 2027.

Geographically, Europe holds the largest automotive intelligent lighting market share, owing to rapid technological developments, numerous investments, and supportive Government policies in the European countries. However, North America automotive intelligent lighting market is projected to grow with the highest growth rate during the forecast period. One of the major factors that has led to the development of automotive lighting solutions is the increasing accidents and fatalities observed in North America while driving in the dark.

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Key Benefits-

• To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Automotive Intelligent Lighting Market

• To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa)

As per the data from NHTSA, close to 50% of the driver fatalities and approximately 70% of the pedestrian deaths have occurred during dark driving times. While, the urban roads and highways in the North American region are equipped with robust overhead lighting infrastructures, the other rural roads are not that sophisticated enough. The absence of proper illumination on the rural North American roads have been the major cause for accidents. This as a result has positively impacted automotive intelligent lighting market.

Leading Key Players:

• Automotive Lighting LLC
• HELLA GmbH & Co. KGaA
• Koito Manufacturing Co., Ltd.
• Lumileds Holding B.V.
• OSRAM Continental GmbH
• Robert Bosch GmbH
• SL Corporation
• Tungsram
• Valeo SA
• Varroc Group

Europe holds the highest market share in the automotive intelligent lighting market. The primary reason for the growth of automotive intelligent lighting market is the governments of the region are EU is the leading producer of motor vehicles and several premium automotive manufacturers are based in the region. Furthermore, the automotive sector of the region represents the largest private investor in R&D as well as it receives support from the government such as funds for R&D.

Moreover, around 300 vehicle assembly and manufacturing facilities are located in around 26 countries across the region. The Europepan government focuses on various inititative such as CARS 2020 Action Plan, GEAR 2030 etc. Also, Horizon 2020 by EU focuses on providing funds for R&D on automotive by launching programs such as European Green Vehicles Initiative and programs on 'Road Transport', 'ICT for Smart Mobility', 'Factories of the Future' and 'Logistic. For instance, in 2018, Tungsram announced its partnership with the government of Hungary, with this partnership the company serves its products to domestic and international clients, higher education actors, SME partners, and municipalities.

The front light and rear lights form the major share in the automotive lighting. Automakers have been increasingly looking for integrations of lightweight automotive components that enhance the fuel efficiency and performance of the vehicle. The LED lighting used in the automobiles of today is lightweight as compared to the traditional filament-based headlamps.

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Convergence of Connected Cars

Developed internet infrastructure, advances in semiconductors technology, availability of high definition displays are all on a path to completely transform the automotive industry. Driver telematics, in-vehicle infotainment systems, Advanced Driver Assistance Systems (ADAS) are already being rolled out in the market and are rapidly gaining widespread popularity.

Type of Lights Insights

The automotive intelligent lighting market by type of light is segmented into adaptive headlights and intelligent ambient lighting. The adaptive headlights are high beams lights which have various application for different situations and thus delivers better visibility farther down the road as well as along narrow, and curvy roads. The adaptive headlights are designed in such a way that it adjusts their brightness with respect to varying driving conditions. These factors resulted in the steady growth of automotive intelligent lighting market.

Vehicle Type Insights

The automotive intelligent Lightingare integrated in number of vehicle types such as passenger cars and commercial vehicles. The automotive intelligent lighting systems are majorly adopted by segement E and segment F passenger cars owing to the high manufacturing price point. Few of the commercial vehicle manufacturers such as VOLVO and Scania have also started integration of these inteeligent lighting system in some of their trucks. Thus, these factors are driving the adoptions of these automotive intelligent lighting across various vehicle types.

Strategic Insights

Some of the market initiatives were observed to be most adopted strategy in the global automotive intelligent lighting market. Few of the recent market initiatives are listed below:

2019: OSRAM Continental announced the opening of new facility in Guadalajara, Mexico. Through this new facility the company will focus majorly on research and development (R&D) activities to support business and make its strong foothold in the Americas region.

2018: Lumileds announced LUXEON IR family which is integrated in automotive for sensing applications. The LUXEON IR is integrated both for exterior and interior automotive applications, which includes Gesture control, Driver Monitoring Systems, and Night Vision.

2018: Koito announced its investment of about US$ 5.5 Mn for the upgradation of its factory in Fujian Province to expand its foot print across China and boost the headlight output capacity by 20%.

2017: Automotive Lighting LLC by signing a joint venture with Changchun Fudi Equipment Technology Development Co. LTD. (FUDI), announced the inauguration of its new plant in in Changchun. This new facility is fully dedicated for the production of LED headlights and rear light.

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About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

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