openPR Logo
Press release

Automotive Smart Headlight Market to Grow at a Robust CAGR of 11.7% during 2019-2026

03-11-2020 09:50 AM CET | Logistics & Transport

Press release from: GMI Research

Automotive Smart Headlight Market - GMI Research

Automotive Smart Headlight Market - GMI Research

New analysis from GMI Research, expects the revenue for the Automotive Smart Headlight market to reach USD 3,456 million in 2026, growing at a CAGR of 11.7% during 2019-2026. The primary factor fuelling the demand for the Global Automotive Smart Headlight market includes the increasing usage of automotive smart headlights in the premium luxury cars at the global level.

Request Sample Report of Global Automotive Smart Headlight Market: https://www.gmiresearch.com/report/global-smart-automotive-headlight-market/sample-request

Advancements in the headlight's technology are expected to reduce the average selling price in the future, thus making the smart headlights suitable for entry-level and medium-range luxury cars. Automotive smart headlights provide optimum visibility with high beam assistance, intelligent blind-spot intervention, and lane departure warning. These highlights minimize the possibility of road accidents with its angled lights filling the blind spot feature.

Improved illumination, increased road safety coupled with OEM's focus on making the driving experience better and safer are some of the factors leading to the increasing adoption of automotive smart headlights as compared to the traditional automotive headlights in premium cars.

The introduction of semi-autonomous cars, which relies on cutting edge technologies such as cloud computing and powerful AI along with the front visibility cameras, lights, and sensors, will have a positive impact on the demand of automotive smart headlights. Technological advancements in the automotive smart headlights led by increasing R&D activities will create new opportunities in the market, which in turn, will drive the demand of automotive smart headlights. For instance, Osram GmbH is planning to launch "hybrid LED Eviyos" for car headlight in 2020, the world's first hybrid LED, with more than 1000 pixels which are individually controlled.

Based on the Product Type, the Global Automotive Smart Headlight market is segmented Matrix LED, Pixel LED, and Pixel LED Laser. The Pixel LED is anticipated to lead the market during the forecast period owing to the increasing adoption of Pixel LED driven by its luminance intensity of laser, which increases the efficiency of the optical system and reduces energy consumption. The Pixel LED offers remarkable benefits such as optimum visibility, providing increased visual range, and lower power consumption.

Know more about the Global Automotive Smart Headlight Market: https://www.gmiresearch.com/report/global-smart-automotive-headlight-market/

Based on the Vehicle Type, the car segment is expected to grow at a higher CAGR during the forecast period due to the increasing demand for premium features in luxury cars among the end-users. These factors are encouraging the adoption of automotive smart headlights in the car segment.

Let us Know your Customized Requirements: https://www.gmiresearch.com/report/global-smart-automotive-headlight-market/request-for-customization

Based on the region, Europe is anticipated to lead the market during the forecast period owing to the large presence of premium automobile manufacturers present in the region and the growing consumer awareness regarding the road safety measures. North America is expected to grow at a higher CAGR during the forecast period due to the amendment in the policies by the U.S government which is promoting the usage of smart headlights.

The Global Automotive Smart Headlight Market has been segmented based on product, vehicle type, and key geographies. Based on the product, the Global Automotive Smart Headlight market has been segmented into Matrix LED, Pixel LED, and Pixel Laser LED. Based on the vehicle type, the market has been segmented into Cars, Trucks, and Motorcycles.

Various notable players operating in the market include HELLA GmbH & Co. KGaA, Koito Manufacturing Co. Ltd., ICHIKOH Industries Ltd., ZKW Group GmbH, Huayu Vision Technology Co. Ltd. and Osram GmbH among others.

Read Full Press Release: https://www.gmiresearch.com/global-automotive-smart-headlights-market-share-trends-news/

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe: +353 1 442 8820; US: +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com

About GMI Research:

GMI Research leverages its industry expertise and experience to identify the industry trends, big opportunities and potential growth areas across industries. Our Syndicated reports provide actionable insights and covers industry trends, market drivers & restraints, macroeconomic factors, market estimates & forecasts, competitive landscape etc. which helps our clients to strengthen its market position by deploying specific strategies and actions that will lead to higher growth.

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 Automotive Smart Headlight Market to Grow at a Robust CAGR of 11.7% during 2019-2026 here

News-ID: 1961527 • Views:

More Releases from GMI Research

OLED Market is projected to rise at a higher CAGR during the forecast period | S …
The OLED Market is anticipated to expand at a remarkable CAGR during the forecast period For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/global-oled-market/ The factors driving growth of the OLED Market includes increasing penetration of smartphones and gaming consoles around the world, Government policies supporting OLED lighting research, growing popularity of smart Televisions and improvements in the living standards. For instance, the revenue generated from the sales of video game consoles
3D Printed Drugs Market is growing at a CAGR of 4.2% over the forecast period | …
The 3D Printed Drugs Market is growing at a CAGR of 4.2% over the forecast period. For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/global-3d-printed-drugs-market-by-technique-type/ The factors driving growth of the 3D Printed Drugs Market includes increasing geriatric population around the world, growing demand for soluble drugs, rising prevalence of stroke, Alzheimer's disease and head and neck tumors and improvements in the living standards. For instance, the population aged 60 and
Virtual Private Cloud Market is expected to grow at a higher CAGR of 23.4% over …
The Virtual Private Cloud Market is projected to grow at a CAGR of 23.4% over the forecast period. For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/global-virtual-private-cloud-market/ The factors driving growth of the Virtual Private Cloud Market includes huge volumes of data generated across BSFI, Healthcare and Media & Entertainment industries, rising focus by companies on modernizing IT infrastructure, Government initiatives promoting digitalization, increasing number of data breaches reported around the
Pest Control Services Market is poised to grow at a robust CAGR during the forec …
The Pest Control Services Market is estimated to grow at a robust CAGR over the forecast period For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/pest-control-services-market/  The factors driving growth of market includes increasing demand for pest control services from hospitality, pharmaceutical, and food processing industries, growing focus on using biocides, rising concerns related to climate change, and improvements in the living standards. For instance, the market value of biocides worldwide was

All 5 Releases


More Releases for Automotive

KSA Automotive Market | KSA Automotive Industry | KSA Automotive Industry Resear …
Saudi Arabia’s automotive market faced a decline in new car sales due to tripling of value-added tax (VAT) rates. Effective in July 1, 2020, Saudi Arabia hiked its VAT from 5% to 15%. Vision 2030 trying to attract foreign investment to kick start Dammam manufacturing city to aid re-exports & fulfill domestic demand Surge in Domestic Manufacturing to gain independence of Imports: With Vision 2030, KSA is trying to gain impendence of
Automotive Fuel Injectors Market: Growing Automotive Sales Fueling Automotive Fu …
Automotive fuel injectors market is likely to grow at a steady pace in the long run, according to a new report by Fact.MR. The demand for automotive fuel injectors continues to remain influenced with a multitude of industry-specific and macroeconomic factors. Significant growth in the automotive sector, coupled with increasing vehicle fleet remain instrumental in driving the demand for automotive fuel injectors worldwide. Fact.MR estimates that the sales of automotive fuel injectors are expected
Automotive Gearbox Market,Automotive Gearbox Industry, Global Automotive Gearbox …
Latest industry research report on: Global Automotive Gearbox Market : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts This industry study presents the global Automotive Gearbox market size, historical breakdown data (2013-2018) and forecast (2018-2025). The Automotive Gearbox production, revenue and market share by manufacturers, key regions and type; The consumption of Automotive Gearbox in volume terms are also provided for major countries (or regions), and for each
Automotive Windscreen Sales Market – Analysis of Automotive Windscreen Sales G …
Automotive Windscreen Market report provides an in detail study of Manufactures in the market which is based on the various objectives associated with an organization such as Analysis, Market Share, Regional Market Performance, Product Specification, and the Company Introduction. The latest market intelligence study on Automotive Windscreen Sales market relies on statistics derived from the application of both primary and secondary research to present insights pertaining to the operational model, opportunities
Global Automotive Windshield Pumps Market 2018- SHW AG, TRW Automotive, Delphi A …
Apex Market Reports, recently published a detailed market research study focused on the "Global Automotive Windshield Pumps Market" across the global, regional and country level. The report provides 360° analysis of "Global Automotive Windshield Pumps Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the Global Automotive Windshield Pumps industry, and estimates the future
Automotive Steering System Market Players: Mitsubishi Electric, TRW Automotive H …
Automotive steering system market is expected to grow with the CAGR of about 6% from 2016 to 2022. Due to increasing demand for the driving comfort & fuel efficient vehicle as well as increasing vehicle production globally will drive the Automotive steering system market. Market Scenario Steering is the connection point between car and driver. It provides control and the feel of the road and plays a key role in the vehicle’s