The Future of Automotive Adaptive Lighting Market Unparalleled Surge in Industry, 2023

Global Automotive Adaptive Lighting Market Information Report, By Technology (Halogen, Led, Xenon and Other), By Vehicle Type (Passenger Vehicle and Commercial Vehicle), By End Market (OEM and Aftermarket) and By Region - Forecast To 2023

Lighting is a very important part of the automotive industry due to the growing preference of the environment concern and increased safety. The increase in the development of technology in automotive industry have transformed from the use of gas discharge based light source to Light emitting diode. The laser technology is the most common type of light source used in adaptive lighting market. The decline in the price of LED and growing increase in technology have led to the growth of the automotive adaptive lighting market. The decline in the price of LED have led to increase in use of the adaptive lighting in the high end-luxury cars.

The global automotive adaptive lighting market has been largely benefiting from the changing paradigms in government regulations and end-users perspective towards enhanced safety in automobiles. In spite of a turbulence caused by the global economic slowdown of 2008, the automotive market gained back the pre-crisis annual growth rate after 2014. With several driving trends such as growing demand of passenger vehicles, growing urban population, expansion of global auto-manufacturers into new emerging markets, and rising disposable income of middle class population. The global automotive adaptive lighting market is poised to grow over USD 2,795.7 million by 2023 at an estimated CAGR of 8.18% through the forecast period.

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Market Research Analysis:

With the global economy undergoing an unprecedented level of shift, major emerging countries such as China, India, Thailand, and Indonesia, among others are becoming manufacturing hubs for global automotive players. As a result of increasing prosperity in the emerging economies, more and more people are able to afford their own car, particularly in emerging Asian economies such as China and India. In order to tap these rising consumer automobile preferences, leading global automotive players such as Volkswagen, BMW, Toyota, and Ford, among others are entering into new emerging markets for business expansion. As the global auto-manufacturers continue to expand into growing and emerging markets, the demand for automotive adapting lighting and other lightings will also rise.

The market has been segmented based on technology, vehicle type and end market. On the basis of technology the market is segmented by Halogen, LED, and Xenon. LED, by technology segment is expected to dominate the global adaptive lighting market due to the decreasing cost, easily availability and the longer life. On the basis of vehicle type, it is segmented into Passenger vehicle and Commercial vehicle. Passenger vehicles accounted the largest market share for global automotive adaptive lighting market. Rising demand of passenger car among large pool of population, expansion of global auto-manufacturers into new emerging markets acts as a major factor for the growth of this segment whereas, the end market has been segmented into OEMs and aftermarket.

Key Players:

The prominent players in the automotive adaptive lighting market include HELLA KGaA Hueck & Co. (Germany), Koito Manufacturing Co., Ltd (Japan), Magneti Marelli (Italy), Stanley Electric (Japan), North American Lighting (U.S.) Varroc Lighting Systems (U.S.), Zizala Lichtsysteme GmbH (Austria), OSRAM Licht AG, Valeo Group (France), and SL Corporation (South Korea).

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Scope of the Report:

This study provides an overview of the global automotive adaptive lighting market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next 6 years for each region. The scope of the study segments the global automotive adaptive lighting market by its technology, vehicle type, end market and regions.

By Technology
• LED
• Xenon
• Halogen

By Vehicle Type
• Passenger Vehicles
• Commercial Vehicles

By Region
• Asia Pacific
• North America
• Europe
• Rest of World

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