Pune, India — 02/05/2018 — Market Research Future published a research report on “Global Automotive Adaptive Lighting Market Research Report- Forecast 2023” â€“ Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
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) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Automotive Adaptive Lighting Market Market.
Automotive Adaptive Lighting Market Global Market â€“ Overview
The Global Automotive Adaptive Lighting Market is growing with the rapid pace. According to a recent study report published by the Market Research Future, The global market of Automotive Adaptive Lighting Market will grow at a rapid pace over the forecast period. The market is forecasted to witness slow but steady growth by 2027, which will be a surplus growth at a moderate CAGR during the projected period (2016 -2027).
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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The automotive industry is one of the most competitive industries. With players such as Ferrari, McLaren leading the sports car segments, players like BMW, Audi and Mercedes dominating the luxury car segment the automotive industry faces cut throat competition. Such high intensity of competition urges manufacturers to look for differentiating factor from other brands. Adaptive front lighting systems are used to assist drivers by improving their visibility of the road, additionally these systems also have features to alert the driver regarding any hazard on the road. Although AFS are primarily for the safety of the passengers, these technologies are being increasingly leveraged by manufacturers to enhance the appeal of cars so as to increase demand for luxury vehicles. Manufacturers are aggressively marketing these technologies in order to differentiate their vehicles from others thus resulting in higher demand in the automotive industry.
Recent stats show that despite 60 percent less traffic on the roads, more than 40 percent of all fatal accidents occur at night. Traditional application of lighting in an automobile was to improve visual conditions for the driver. In recent time's decreased visibility due to darkness have resulted in alarmingly high number of accidents. The advanced front light systems technology not only focuses on acting as a light source but also on reducing glare, distinguishing obstacles by using IR or UV lights. With the only source of lighting in the darkness being the street lamps and the front light systems of the vehicle, there exists an increasing need for enhanced lighting systems in vehicles for higher safety.
The adaptive front light systems market is completely dependent on the automotive industry. Thus the increasing or decreasing demand of the automotive industry directly has an impact on the adaptive front light systems market. The total four wheeler production for the year 2015 was almost 90 million units and is expected to witness further boost and reach more than 100 million units by the year 2020. This results as a primary factor driving the adaptive front light systems as lighting acts as an essential safety feature of a vehicle. Thus the growth of the adaptive front light systems market is expected to go hand in hand with the automotive industry.
The Adaptive Front-lighting System (AFS) is a part of the active safety system of a middle-high end passenger car, providing an optimized vision to the driver during night time and other poor-sight conditions of the road by adapting the headlight angle or intensity, and judging the speed of the car, the steering wheel angle, the weather condition.
The Adaptive Front-lighting System in vehicles optimize distribution of light from the headlights according to driving circumstances. Depending on vehicle speed and steering input, the system points the low-beams headlights in the direction the driver intends to travel.
With the global economy undergoing an unprecedented level of shift, major emerging countries such as China, India, Thailand, Indonesia, and others are becoming manufacturing hubs for global automotive players. As a result of increasing prosperity in the emerging economies, people are increasingly 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 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 Adaptive Lighting and others will also rise.
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Industry/ Innovation/ Related News:
October, 2016 – A German research alliance with well-known members from industry and research developed the basis for smart, high resolution LED headlights, which takes adaptive forward lighting to a new dimension. The demonstration model was developed by overall project manager Osram in collaboration with the project partners Daimler, Fraunhofer, Hella and Infineon. Both headlights contain three LED light sources, each with 1,024 individually controllable light points. This means that the headlight can be adapted very precisely to suit the respective traffic situation to ensure optimum light conditions at all times without dazzling other drivers.
August, 2016â€“ Lighting Systems Inc. engineered a lighting system called adaptive-drive beam that allows a vehicle's high beams to remain on all the time without blinding oncoming drivers. The technology eliminates the need for the driver to manually switch from high and low beams while driving at night. Varroc is the U.S. unit of India's Varroc Group and was formed from the $92 million acquisition of Visteon Corp.'s lighting division in 2012.
Automotive Adaptive Lighting Market â€“ Segmentation
The Global Automotive Adaptive Lighting Market is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Technology : Comprises Halogen, Led, Xenon and Other.
Segmentation by Vehicle Type : Comprises Passenger Vehicle and Commercial Vehicle
Segmentation by End Market : Comprises OEM and Aftermarket
Segmentation by Regions : Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
Automotive Adaptive Lighting Market: Regional Analysis
The global automotive adaptive lighting market by region has been segmented into North America, Europe, Asia-Pacific and Rest of the world. This market has seen a substantial growth over the past few years and it has been experienced that the market will remain on the same growth level till forecast period. Among the regions covered, Europe has accounted the largest market for automotive adaptive lighting market followed by Asia-Pacific and North America. Major factors that have driven the automotive adaptive lighting market are increase in sales of new vehicles, increasing focus on R&D for automotive lighting, accelerating urbanization led to growth of automobile industry and among others. On the other side, factor that are hindering the market are higher cost of automotive adaptive lightings and underdeveloped aftermarket services for automotive adaptive lighting. Despite this factors, the automotive adaptive lightings market is expected to show a good market figure owing to technological advancements and increasing demand for passenger vehicles.
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