Automotive Adaptive Headlights Market Size Forecast to Reach $4.5 Billion by 2025


Posted January 21, 2021 by Blessy_Joy

Automotive Adaptive Headlights Market size is forecast to reach $4.5 billion by 2025, after growing at a CAGR 8.7% during 2020-2025.

 
Automotive Adaptive Headlights Market Overview
Automotive Adaptive Headlights Market size is forecast to reach $4.5 billion by 2025, after growing at a CAGR 8.7% during 2020-2025. Adaptive headlights are sensitive to vehicle speed and elevation and automatically adapt to the road. The incidence of traffic fatality is on the increase and a lot of this contributes to the rising deaths of pedestrians. Automotive lighting advancements are an essential factor which plays an important part in driver and pedestrian safety. Investment in the segments of automotive lighting is increasing, representing its global market size at $23.8 billion as of 2019. The global market for Automotive Adaptive Headlights largely profits from a change in government legislation and the end-user viewpoint of increased safety in cars. Despite the chaos generated by the global economic crash of 2008, after 2014, the automobile industry regained its pre-crisis annual growth pace.

Key Takeaways

In the forecast period the halogen field is expected to hold the largest market share. Halogen headlight enhances a tungsten filament's productive luminous ability when it functions at a higher filament temperature, resulting in more lumens generated per watt input.
In terms of value, the Europe demand for automotive lighting is expected to expand at the fastest rate during the forecast period. This large share is due to the presence of the region's main players accustomed to premium cars.
Rising disposable income, better lifestyle and increasing customer tastes have greatly impacted the worldwide sales of luxury cars.
Major automotive lighting suppliers also worked with OEMs to develop a new model that not only meets OEM specifications but also expands product flexibility and know-how for lighting manufacturers.

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Automotive Adaptive Headlights Market Segment Analysis - Geography
The Vehicle Integrated Headlights market is forecast to expand at a CAGR 8.8 per cent in terms of volume and reach USD 3.48 billion in 2026. North America leads the way per region in the global demand for vehicle integrated headlamps. The field for automotive adaptive headlights is expected to gain 33.50 percent of the total market share. This high share is due to the involvement of key players who control the field accustomed to the premium car and passenger car industries. The ballooning automobile industry, which has accrued with the latest electric vehicle segment, also accounts for the expandable growth in the global automotive lighting market. The major factors expected to drive the market for automotive advanced lighting in Asia-Pacific are increasing sales of new automobiles, concentrating on research and development into automotive lighting. Economic growth in the area directly influences the selling of passenger cars and commercial vehicles. Manufacturers are looking to improve their flexibility across the value chain.

Automotive Adaptive Headlights Market Drivers
Adaptive light in every condition
Growing demand of premium car
Partnership between automotive OEMs and lighting system manufacture

Market Landscape
Software releases, acquisitions, and R&D initiatives are primary tactics that players in the market for the automotive adaptive headlights device market follow - Hella KGaA Hueck & Co, Valeo S.A, Osram GmbH, Continental AG, Hyundai Mobis, Ichikoh Industries, Magneti Marelli, Koito Manufacturing Co., Stanley Electric Co. Ltd, Koninklijke Philips N.V, Robert Bosch GmbH, Zizala Lichtsysteme GmbH, NXP Semiconductors, Aptiv PLC, Grupo Antolin, Federal-Mogul Corporation, Lear Corporation,Gentex Corporation, Flex-N-Gate, North American Lighting, Denso Corporation, Renesas Electronics Corporation, Keboda, Varroc, Lumax Industries.


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Issued By Blessy
Business Address IndustryARC
Country India
Categories Business
Tags automotive adaptive headlights market , automotive adaptive headlights market growth , automotive adaptive headlights market research , automotive adaptive headlights market share , automotive adaptive headlights market size
Last Updated January 21, 2021