DUBLIN--(BUSINESS WIRE)--The "Global Automotive Intelligent Lighting Market: Focus on Adaptive Headlight and Intelligent Ambient Lighting - Halogen, Xenon, and LED for Two-Wheelers, Passenger Cars and Commercial Vehicles - Analysis and Forecast, (2018-2023)" report has been added to ResearchAndMarkets.com's offering.
The global automotive intelligent lighting market is expected to grow at a CAGR of 8.44% in terms of value during the forecast period 2018-2023.
This growth can be attributed to the increasing demand for advanced active safety features such as adaptive headlights. Furthermore, the rising demand for advance intelligent ambient lighting and advantages associated with automotive intelligent lighting are expected to drive the global market for automotive intelligent lighting during the forecast period (2018-2023).
The factors driving the growth of the global automotive intelligent lighting market include an increase in vehicle sales globally and growing emphasis toward road safety, owing to which government of different countries including China, the U.S., and Germany, among others have mandated advance safety features such as ABS. Additionally, inclination toward comfort and luxury boosts the automotive intelligent lighting market demand.
However, even with such an enormous growth of demand, the global market for automotive intelligent lighting is facing immense challenges, which include the high cost associated with automotive intelligent lighting and fluctuation cost of raw material.
Moreover, factors such as increasing adoption of two-wheelers adaptive headlight by automotive OEMs and wide-ranging opportunities in emerging economies are expected to create numerous opportunities for the market growth. Additionally, technological advancement, such as packaged LED and laser diode for automotive lighting and OLED panel for automotive interior lighting is expected to create numerous opportunities for the market players, thus boosting the market growth.
LED dominated the global automotive intelligent lighting market in 2017 and is anticipated to maintain its dominance throughout the forecast period. The LED light segment is expected to grow at the fastest rate among all the light sources for automotive intelligent lighting market during the forecast period.
The passenger car segment was the largest contributor to the overall market revenue in 2017. Commercial vehicles market for intelligent lighting is expected to grow at a moderate growth rate in the forecast period, owing to factors such as increasing government regulations for better automotive safety systems and steadily rising commercial vehicle industry across the globe.
Automotive intelligent lighting that includes adaptive lighting and intelligent ambient lighting is an advance lighting solution for passenger cars and commercial vehicles. Intelligent ambient lighting dominated the global automotive intelligent lighting market in 2017 and is expected to maintain its dominance throughout the forecast period.
The automotive adaptive lighting revenue is generated mainly through two end-markets: OEM and aftermarket. The OEM segment dominated the global automotive intelligent lighting market and is expected to maintain its dominance throughout the forecast period.
Key Topics Covered
1 Market Overview
2 Market Dynamics
3 Competitive Insights
4 Industry Analysis
5 Global Automotive Intelligent Lighting Market Analysis and Forecast
6 Global Automotive Intelligent Lighting Market, by Type
7 Global Automotive Intelligent Lighting Market, by Vehicle Type
8 Global Automotive Adaptive Lighting Market, by End-Market
9 Global Automotive Intelligent Lighting Market by Geography
10 Company Profiles
- General Electric
- Grupo Antolin
- Hella GmbH & Co. KGaA
- Hyundai Mobis Co. Ltd.
- ICHIKOH INDUSTRIES, Ltd.
- J W SPEAKER CORPORATION
- KOITO Manufacturing Co. Ltd.
- Magneti Marelli S.p.A
- OSRAM GmbH
- Signify Holding
- Stanley Electric Co. Ltd.
- VALEO GROUP
- VARROC GROUP
- Zizala Lichtsysteme GmbH
For more information about this report visit https://www.researchandmarkets.com/research/f7gctx/global_automotive?w=4
