The global Automotive Intelligent Lighting Market is estimated to account US$ 3.22 Bn in 2018 and is expected to grow at a CAGR of 12.4% during the forecast period 2018 – 2027, to account to US$ 8.70 Bn by 2027. Geographically, Europe holds the largest automotive intelligent lighting market share, owing to rapid technological developments, numerous investments, and supportive Government policies in the European countries.
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Automotive Intelligent Lighting Market Insights
Growing demands for LED automotive exterior lighting
The front light and rear lights form the major share in the automotive lighting. Automakers have been increasingly looking for integrations of lightweight automotive components that enhance the fuel efficiency and performance of the vehicle. The LED lighting used in the automobiles of today is lightweight as compared to the traditional filament-based headlamps. This helps in enhancement of fuel-efficiency of the vehicle and automotive performance. LED lamps are usually cooler, smaller, and consume lesser energy as compared to the standard automotive lamps. They also offer safety and comfort for the vehicle drivers and occupants. LED light source used in the headlights allows drivers to have a proper and better view of the road contours, better road anticipation power and thereby good reaction time for taking a decision.
Major Players in the market are:
- Automotive Lighting LLC
- HELLA GmbH & Co. KGaA
- Koito Manufacturing Co., Ltd.
- Lumileds Holding B.V.
- OSRAM Continental GmbH
- Robert Bosch GmbH
- SL Corporation
- Valeo SA
- Varroc Group
Global Automotive Intelligent Lighting Market Segmentation:
The segmentation in this research study has been finalized post in-depth secondary research and extensive primary research. In addition, the market is also segmented on the basis of technology offered by the leading participants in the industry in order to understand widely used market specific terminologies. Thus, we have incorporated the segments of the research and have finalized the market segmentation.
- LED Matrix
By Type of Lights
- Adaptive Headlight
- Intelligent Ambient Lighting
By Vehicle Type
- Passenger Cars
- Commercial Vehicles
Impact of COVID-19 Pandemic on Automotive Intelligent Lighting Market
The COVID-19 outbreak, which began in Wuhan (China) during December 2019, has spread at a fast pace worldwide. The global factory shutdowns, travel bans, and border lockdowns, to combat and contain the outbreak, have impacted every industry and economy worldwide. The majority of the manufacturing plants are either temporarily shut or operating with minimum staff; due to which the Automotive Intelligent Lighting and related components are disrupted. Additionally, the demand for frozen foods has been showcasing a slowdown since the outbreak of COVID-19 in the countries
The Insight Automotive Intelligent Lighting Market Research Report Scenario include: –
- The report provides qualitative and quantitative trends of global Automotive Intelligent Lighting Marketacross type, type of products, service, and geography.
- The report starts with the key takeaways (Chapter Two), highlighting the key trends and outlook of the global Automotive Intelligent Lighting Market.
- Chapter Threeprovides the research methodology of the study.
- Chapter Fourfurther provides PEST analysis for each region.
- Chapter Fivehighlights the key industry dynamics in the Automotive Intelligent Lighting Market, including factors that are driving the market, prevailing deterrent, potential opportunities as well as future trends. Impact analysis of these drivers and restraints is also covered in this section.
- Chapter Sixdiscusses the global Automotive Intelligent Lighting Market scenario, in terms of historical market revenues, and forecast till the year 2027.
- Chapter Elevendescribes the industry landscape analysis. It provides detailed description of various business activities such as market initiatives, new developments, mergers and joint ventures globally along with a competitive landscape.
This is a professional and in-depth study on the current state of the Lane Keep Automotive Intelligent Lighting Market with a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Strategic Insights and Development plans are also discussed and manufacturing processes and cost structures analyzed. Lane Keep Automotive Intelligent Lighting Market import/export consumption, supply and demand figures and cost price and production value gross margins are also provided.
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This research provides detailed information regarding the major factors influencing the growth of the Lane Keep Automotive Intelligent Lighting Market in Global and Regional Level (drivers, restraints, opportunities, and challenges), forecast of the market size, in terms of value, market share by region and segment; regional market positions; segment and country opportunities for growth; New product developments, strengths and weaknesses, brand portfolio; Marketing and distribution strategies; challenges and threats from current competition and prospects; Key company profiles, SWOT, product portfolio and growth strategies.
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