Automotive Adaptive Lighting Market Research Report - Forecast to 2025
Published | 24 June 2019
According to BlueWeave Consulting, the
Global Automotive Adaptive lighting Market was valued around USD XX.XX Billion
in 2018 and is expected to expand at over a CAGR of XX% from 2019 to 2025, in
terms of value, reaching around USD XX.XX Billion by the end of the forecast
period. The demand for automotive adaptive lighting is growing expressively due
to the factors like increasing vehicle sale volume and production coupled with
strict government regulations, decreasing LED prices, and advancement in
technology.
The automotive industry is about to
propagate at a rapid pace, furthermore, the speedy increasing sales of
passenger cars and technological innovations have also been a growth momentum.
With several driving trends like expansion of global auto-manufacturers into
new developing markets, rising disposable income of middle class population,
and growing automotive industry accompanied by rapid industrialization is
projected to boost the demand for automotive adaptive lighting market
throughout the forecast period.
LED technology segment leads the overall
automotive adaptive lighting market accounting for over XX% market share in
2018 and projected to reach X.XX billion by the end of 2025. Significant
reductions in the price of LED lighting systems, an increase in automobile
industry backed by technological advancement in recent years have enhanced the
adoption of various LED lighting products worldwide. They offer brighter light
while using less energy and producing less heat. They have lower maintenance
costs which are driving the manufacturers are implementing LEDs in the
vehicles. However, Xenon technology is projected to touch X.XX billion by 2025
with a CAGR of XX.X% during the forecast period.
Based on vehicle type, passenger cars holds
the largest market share of XX% of entire automotive adaptive lighting market
with an annual growth rate of X.XX%.
Rapid urbanization, increasing consumer spending on the automobile has
enhanced product demand. Moreover, the growing consumer awareness regarding
advantages of LED lighting, strict government regulations shifting towards the
adoption of advanced and energy efficient lighting will further boost the
demand.
On the basis of End-Market, the market is
bifurcated into OEM and Aftermarket. OEM is anticipated to grow at the highest
CAGR of XX.X % and likely to reach USD XX.XX million by the end of 2025.
Geographically, the automotive adaptive
lighting market is analyzed across North America, Europe, Asia Pacific, Middle
East & Africa, and Latin America. Europe is the leading region with a
market share of XX.XX% in 2018 and expected to touch XX.XX billion by 2025.
Rising investments, increasing consumer spending and growing number of migrants
will further boost the market growth. Additionally, due to the demand for
passenger car coupled with strict government regulations, the market has seen
substantial growth over the past few years and it has been experienced that the
market will remain on the same growth level till the forecast period.
Key Players
The key players of 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).
Objective of the study
·
To provide detailed analysis of
the market structure along with the forecast period of the various segments and
sub-segments included in global automotive adaptive lighting market with
analysis of its development and demand in the market
·
To identify high growth
geographies and countries
·
To study regional and
country-specific demand and forecast for global automotive adaptive lighting
market
·
To study detail of automotive
adaptive lighting market by technology, vehicle type, by end market, and by
region in forecasted period 2025.
·
To track mergers and
acquisitions, strategic alliances, new product development of specified
company.
Target Audience
·
Manufacturers and distributors
of automotive adaptive lighting market.
·
Suppliers and traders of
automotive adaptive lighting market.
·
Government, associations and
industrial bodies.
·
Investors and Trade experts.
·
Consulting in automotive
experts.
The reports also cover country level
analysis:
North America
·
U.S
· Canada
Europe
·
Germany
·
UK
·
France
·
Spain
·
Italy
· Rest of the Europe
Asia Pacific
·
China
·
India
·
Japan
·
Australia
· Rest of Asia-Pacific
Latin America
·
Brazil
·
Argentina
· Rest of Latin America
Middle East & Africa
·
UAE
·
Saudi Arabia
·
South Africa
·
Rest of Middle East & Africa
Get Help
Relevant Press Releases
- The Global Industrial Gasket market projected to reach USD 15.18 Billion by 2026 with a CAGR of 5.43%
- India Digital Transformation market is predicted to grow at a CAGR of 72.3% during the forecast period 2020- 2026
- Global Logistics Automation Market to witness a surge in its valuation with a 5.74 % CAGR by 2026
- Rising variation of beverage offering, robust medical infrastructure, and increasing disposable income will drive the glass packaging market globally
- Kombucha market expected to grow at a CAGR of 23.56% from 2020-2026