Global LED Automotive Adaptive Lighting Market Report (2016-2023)-Research Nester

Global LED Automotive Adaptive Lighting Market is primarily impelled by rapid growth in automobile industry, according to our research report “Global Automotive Adaptive Lighting Market Outlook 2023”
Global Automotive Adaptive Lighting Market Overview
Adaptive lighting technology is the latest and fastest growing technology in automobile sector across the globe. Automotive Adaptive lighting systems of mainly work with the help of sensors that transmits the signals to the lighting systems at the time of turning of vehicle.
These lighting systems are work upon the principle of sensing the movement of the object. As the vehicle turns right, the sensors installed in the lighting system transmit a message to the lights and enables the headlamps to shift right for clear vision to the driver. The existing static front lighting systems provide illumination straight onto the surface of road/ground without any sensitivity to curves or steering control. This creates complexity for the driver to in the night to take sharp turns. Thus, adaptive lighting systems are introduced for automotive.

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Moreover, manufacturers of automotive adaptive lighting systems are focusing towards the advancement in lighting systems to enhance the driving in night. These adaptive lighting systems are helpful for light & heavy commercial vehicles, as they are mainly used for logistics and transport. These vehicles are used to carry products and consignments in night due to stringent government regulation to reduce the traffic congestion in daytime.
Market Segmentation
Our in-depth analysis segmented the global automotive adaptive lighting market in the following segments:
By Technology
Light Emitting Diode (LED)
Halogen
Xenon
By Vehicle
Passenger Vehicles
Light Commercial Vehicles
Heavy Commercial Vehicles
By Region
Global Automotive Adaptive Lighting Market is further classified on the basis of region as follows:
North America (United States /U.S. & Canada)
Latin America (Brazil, Mexico, Rest of Latin America)
Western and Eastern Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Western Europe)
Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, South Korea, Rest of Asia)
Middle East and North Africa (MENA)
Rest of World
Growth Drivers and challenges

The market of automotive adaptive lighting is majorly driven on the back of rapid growth in automobile industry across the globe. Moreover, the advancements in automotive lighting technology that is much more efficient than the conventional ways and paving the way for automotive adaptive lighting market. Emergence of automobile industries and introduction of stringent government regulations to install advanced safety feature in passenger and commercial vehicles are the key factors which are swelling the demand for automotive adaptive lighting in various European and American countries. These lighting systems also have the property to adapt lighting conditions, on the basis of these additional properties these lighting systems are gaining traction among the manufacturers of automobiles. Likewise, the manufacturers of automobiles are shifting towards the adoption of advanced and energy efficient lighting technology such as LED technology. This will further spur the market of automotive adaptive lighting market in near future.
The automotive adaptive lighting is gaining momentum with the increasing commercial and heavy-duty vehicles. Rapid urbanization and expanding transportation and logistics sector across the globe are increasing the number of heavy duty vehicles. These vehicles operate in night time due to stringent government regulations and restricted entry in cities during day time to reduce the traffic congestion. Further, heavy-duty vehicle manufacturers are adopting this technology on account of rising concern towards road safety.
Conversely, installing adaptive lighting systems in vehicles increases the overall cost of these vehicles which creates a major challenge for this industry. Moreover, high cost of automotive adaptive lighting and availability of sub-standardized lighting systems are expected to hamper the growth of automotive adaptive lighting market.

Market size and forecast

Riding on the on the back of increasing sales of high-end luxury cars, the global automotive adaptive lighting market is expected to expand at a CAGR of 10.2% over the forecast period i.e. 2016-2023. Further, the global market is estimated to derive the sales of 152.5 Million units of automotive adaptive lighting by 2023 projecting the market to reach USD 2.95 Billion by 2023. At present, Europe is the biggest consumer of automotive adaptive lighting followed by Asia-Pacific. However, with a better growth rate in automotive industry, Asia-Pacific is projected to surpass Europe automotive lighting demand by 2023. Regionally, Asia-Pacific and Europe collectively is expected to contribute the largest market share during the forecast period i.e. 2016-2023. Moreover, Asia-Pacific region is projected to register a CAGR of 8.2% over the forecast period i.e. 2016-2023 and it is expected to account the largest market share in terms of revenue of 45.5% by 2023 followed by Europe. Rising economy and positive growth in automobile industry in both the regions is directly helping the growth of automotive adaptive lighting market. The strict regulations from the governmental authorities to install sufficient safety features in vehicles to reduce road accidents is driving the market of automotive adaptive lighting market across the globe. The LED technology lighting segment is estimated to expand at a CAGR of 12.3% over the forecast period. This segment is rising on the back of ease of availability, low cost of these lighting systems and low replacement costs.
Key Players
The key players of automotive adaptive lighting market are as follows:
HELLA
Company Overview
Key Product Offerings
Business Strategy
SWOT Analysis
Financials
KOITO
Magneti Marelli
Valeo
Scope and Context
Overview of the Parent Market
Analyst View
Segmentation
The Global Automotive Adaptive Lighting Market is segmented as follows:
By Technology Market Size and Y-O-Y Growth Analysis
By Vehicle Market Size and Y-O-Y Growth Analysis
By Regions
North America (United States/U.S., Canada) Market Size and Y-O-Y Growth Analysis
Latin America (Mexico, Brazil, Rest of Latin America) Market Size and Y-O-Y Growth Analysis
Western and Eastern Europe (Germany, Italy, Spain, France, U.K, Benelux, Hungary, Rest Of Western Europe, Russia Poland, Rest of Eastern Europe) Market Size and Y-O-Y Growth Analysis
Asia-Pacific (China, India, Singapore, Japan, Australia, New Zealand, South Korea and Rest of Asia) Market Size and Y-O-Y Growth Analysis
Middle East and North Africa (MENA) Market Size and Y-O-Y Growth Analysis
Rest of World Market Size and Y-O-Y Growth Analysis
Market Dynamics
Supply and Demand Risk
Competitive Landscape
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in current dynamic environment
To know more about this research, kindly visit http://www.researchnester.com/reports/automotive-adaptive-lighting-market-global-demand-growth-analysis-opportunity-outlook-2023/217

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