Press-Releases

Automotive Intelligent Lighting System Market 2020 Size, Sales, Share and Research Depth Study 2027


Emergen Research Logo

Emergen Research Logo

Automotive Intelligent Lighting Market Size – USD 26.22 Billion in 2019, Automotive Intelligent Lighting Market Growth – CAGR of 4.4%, Automotive Industry

Automotive Intelligent Lighting Market Size – USD 26.22 Billion in 2019, Automotive Intelligent Lighting Market Growth – CAGR of 4.4%, Automotive Intelligent Lighting Market Trends”

— Emergen Research

VANCOUVER, BC, CANADA, May 30, 2022 /EINPresswire.com/ — The Global Automotive Intelligent Lighting Market is projected to reach USD 37.26 billion in 2027. Strict policies of the government and growing security issues are likely to propel development over the forecast period. However, increasing customer awareness about the importance of automotive intelligent lighting, including dynamic bend light and a glare-free high beam, is also expected to have a positive effect on the demand for exterior lighting.

The industry is expected to be powered by increased apprehensions about using energy-efficient methods coupled with increasing customer disposable income. In addition, growing demand for automobiles and technical advancements in the automotive industry is expected to propel use. Owing to the rising number of total vehicles purchased y-o-y across BRIC nations, lucrative growth prospects are anticipated for new entrants in the industry. Legislative authorities, therefore, need to work with suppliers of light procurement technology to develop scalable design techniques.

A main issue for the Automotive Intelligent Lighting industry is the high cost of LED lamps. With the advent of new technologies, halogen and Xenon / HID, which were used earlier, have become less popular. The main downside to heating and energy-wasting is halogen lamps, while Xenon light is more complicated and takes some time to reach maximum brightness.

Claim Your FREE Sample Copy with Table of content@ https://www.emergenresearch.com/request-sample/5

Market Drivers

Rising sales and production of commercial vehicles around the world are major factors that are expected to fuel the market growth during the forecast period. Owing to growing concerns about the safety of the vehicle and strict government regulations have spurred technological advancements, which further boosts the demand. The rapidly increasing population and rising purchasing power in developing economies are expected to boost the market demand during the forecast period. Headlight designs have taken a sharp turn towards aestheticism and are available in compact sizes. This is projected to further fuel the adoption of automotive intelligent lighting.

It is projected that the Automotive LED market will show significant growth from 2019 through 2027. Halogen lamps, accompanied by LED and xenon, lead to the bulk of total industry revenues. It has gained popularity due to ease of availability, low cost of production, and low cost of replacement. But rising fuel prices are expected to pose a challenge to the industry.

Further key findings from the report suggest

Growth is expected to accelerate the rise in demand for eco-friendly LED technologies due to high performance, reduced CO2 levels, and high power.

Companies tried to build environmentally-friendly LEDs on encouraging product differentiation and improving their global footprint.

The adaptive headlight is an active safety device intended to improve the visibility of the drivers in poorly lit areas. It includes functionalities, including automatic rotation that can synchronize with sensors, and change brightness and light intensity.

The Automotive Intelligent Lighting industry in Asia-Pacific is expected to expand. This region will be the industry leader in the continuous expansion of suppliers combined with a broad production base.

In January 2019, Shapelines bulbs, light work, auxiliary lights, warning light, and accessories were introduced by Hella. The company fitted a demonstration truck with lighting for buses and trailers.

Key players in the market include Osram GmbH, Valeo S.A., Hella KGaA Hueck & Co., Stanley Electric, Koito Manufacturing Co., Ltd., Magneti Marelli, Koito Manufacturing Co., Ltd., General Electric, Continental, and Bosch, among others.

 Check Our Prices@ https://www.emergenresearch.com/select-license/5

For the purpose of this report, Emergen Research has segmented the global Automotive Intelligent Lighting Market on the basis of Technology, Vehicle Type, Application, and region:

Technology Outlook (Revenue, USD Billion; 2017-2027)

Halogen

LED

Xenon

Others

Vehicle Type Outlook (Revenue, USD Billion; 2017-2027)

Passenger Cars

Commercial Vehicles

Application Outlook (Revenue, USD Billion; 2017-2027)

Front/headlamps

Rear

Side

Interior

Click to access the Report Study, Read key highlights of the Report and Look at Projected Trends: https://www.emergenresearch.com/industry-report/automotive-intelligent-lighting-market

Regional Outlook (Revenue, USD Billion; 2017-2027)

North America

U.S.

Canada

Europe

Germany

UK

France

BENELUX

Rest of Europe

Asia Pacific

China

Japan

South Korea

Rest of APAC

Latin America

Brazil

Rest of LATAM

MEA

Saudi Arabia

UAE

Rest of MEA

Regional Landscape

The automotive lighting market in the Asia Pacific held more than 40% of the global share in 2020. The rise in the production of automobiles in nations like India, Japan, China, and Taiwan and the increase in population, advancing markets, and rise in purchasing power of consumers are expected to boost the demand in the region.

Europe is expected to exhibit lucrative growth due to the rising need for reverse, brake, signal indicators, and interior lights. Moreover, environmental regulations have made it compulsory to install LEDs in several applications. North America is estimated to observe a robust demand for LED lights, majorly in the automotive sector, supported by the rising application of them in the interior design sector

Table of Content:

1 Scope of the Report

1.1 Market Introduction

1.2 Research Objectives

1.3 Years Considered

1.4 Market Research Methodology

1.5 Economic Indicators

1.6 Currency Considered

2 Executive Summary

3 Global Automotive Intelligent Lighting by Players

4 Automotive Intelligent Lighting by Regions

4.1 Automotive Intelligent Lighting Market Size by Regions

4.2 Americas Automotive Intelligent Lighting Market Size Growth

4.3 APAC Automotive Intelligent Lighting Market Size Growth

4.4 Europe Automotive Intelligent Lighting Market Size Growth

4.5 Middle East & Africa Automotive Intelligent Lighting Market Size Growth

5 Americas

6 APAC

7 Europe

8 Middle East & Africa

9 Market Drivers, Challenges and Trends

9.1 Market Drivers and Impact

9.1.1 Growing Demand from Key Regions

9.1.2 Growing Demand from Key Applications and Potential Industries

9.2 Market Challenges and Impact

9.3 Market Trends

10 Global Automotive Intelligent Lighting Market Forecast

11 Key Players Analysis

12 Research Findings and Conclusion

Benefits of Purchasing Global Automotive Intelligent Lighting Market Report:

Inimitable Expertise: Analysts will provide deep insights into the reports.

Analyst Support: Get your query resolved from our team before and after purchasing the report.

Strategic Recommendations: The report is helpful for the start-ups, and new entrants as it provides comprehensive analysis and recommendations on the basis of qualitative and quantitative analysis.

Customer’s Satisfaction: Our team will assist with all your research needs and customizes the report.

Assured Quality: We focus on the quality and accuracy of the report.

Finally, all aspects of the Automotive Intelligent Lighting market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.

Take a Look at our other Reports:

intelligent transportation system market

https://www.google.com.ai/url?q=https://www.emergenresearch.com/industry-report/intelligent-transportation-system-market

driver monitoring systems market

https://www.google.com.ai/url?q=https://www.emergenresearch.com/industry-report/driver-monitoring-systems-market

biofuels market

https://www.google.com.ai/url?q=https://www.emergenresearch.com/industry-report/biofuels-market

automotive cybersecurity market

https://www.google.com.ai/url?q=https://www.emergenresearch.com/industry-report/automotive-cybersecurity-market

automotive actuators market

https://www.google.com.ai/url?q=https://www.emergenresearch.com/industry-report/automotive-actuators-market

automotive lidar market

https://www.google.com.ai/url?q=https://www.emergenresearch.com/industry-report/automotive-lidar-market

small modular reactor market

https://www.google.com.ai/url?q=https://www.emergenresearch.com/industry-report/small-modular-reactor-market

power to gas market

https://www.google.com.ai/url?q=https://www.emergenresearch.com/industry-report/power-to-gas-market

About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

Eric Lee
Emergen Research
+91 90210 91709
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn

Automotive Intelligent Lighting Market Size Worth USD 37.26 Billion By 2027





Source link

Back to top button