The automotive adaptive headlight market is projected to grow at a CAGR of 8.8%, in terms of value, from 2017 to reach USD 3.20 Billion by 2025.
Over the past few years, it has been observed that the global market for automotive adaptive headlight is growing rapidly owing to product innovation. The market of automotive adaptive lighting is majorly driven on the back of rapid growth in automobile industry across the globe. Moreover, the advancements in automotive lighting technology that is much more efficient than the conventional ways and paving the way for automotive adaptive lighting market is a major factor for the growth in this sector.
A complete insight into the report
The latest market research report titled Automotive Adaptive Headlight Market offers a detailed evaluation of the market situation within a specific geographic region. This Automotive Adaptive Headlight Market study contains vital data on market shifts owing to social, economic, cultural and technological changes worldwide. Explaining market opportunities remains the key focus of the study. Industry experts analysing the business environment also take a closer look at the organizational alignment as well as the capital structure.
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Product Market Scenario
- Region and country wise consumption statistics of automotive headlights from the period 2015-2025. 2015-2017 has been utilized as historic data and 2018-2025, has been derived as forecasts
- Estimation of installations, production capacity, shipment data along with historic and forecasted consumption trend analysis
- The Automotive Adaptive Headlight market has been segmented by type into Halogen headlight, xenon headlight and LED
- LED is the fastest growing segment in the market owing to improved energy efficiency and future cost savings associated with its usage. However, halogen and xenon are expected to remain major products over the forecast period
- The halogen automotive adaptive headlight market is expected to reach USD 1.20 Billion by 2025
Systems Market Scenario
- Based on systems the market is segmented into highway lights, rural lights, adverse weather lights, high beam lights and bend lighting
- The demand for highway lighting is expected to reach USD 684.3 Million by 2025
- Rural lights are largest segment owing to increasing installation for the rural driving purposes. The increasing product innovation in the systems is expected to drive future market demand
- The highway lights are majorly used in areas where high speeds are employed. The light distribution is large in comparison to other types with less diffusion. The range of the light adapts to the changing speeds and changing terrains.
Companies considered and profiled in this market study
The global automotive adaptive headlight market is characterized by the presence of a number of global, regional, and local vendors and appears to be highly fragmented. The market is highly dependent on the growth of the automotive industry and is driven by the increase in production of automobiles. The presence of regional players who cater to the needs of the cost-centric markets in the respective regions poses a stiff competition to the international vendors. To enhance their customer base, automotive lighting system manufacturers concentrate more on increasing their R&D investments and introducing innovative products, which in turn, intensifies the level of competition among the market players. The major players such as HELLA, KOITO, Magneti Marelli, Valeo, and OSRAM account for the major market shares and dominate the market since they have a huge product portfolio and an effective distribution network.
Magneti Marelli and Changchun Fudi Equipment Technology Development Co., a Chinese investment company active in the automotive components industry, established a JV company for the production and sale of automotive lighting systems. The two companies are already partners in a JV manufacturing powertrain components
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Table of Content
Chapter 1 Market Synopsis.
Chapter 2 Automotive Adaptive Headlight Market Overview.
Chapter 3 Automotive Adaptive Headlight Market Segmentation and Impact Analysis.
Chapter 4 Automotive Adaptive Headlight Market Segment by Type (Product Category)
Chapter 5 Global Automotive Adaptive Headlight Market Segment by System.
Chapter 6 Global Automotive Adaptive Headlight Market Segment by Application.
Chapter 7 Global Automotive Adaptive Headlight Market by Region (2014-2025)
Chapter 8 Competitive Landscape.
Chapter 9 Company Profiles – Adaptive Headlights Market
9.1 Magneti Marelli S.p.A.
9.1.1 Company Snapshot and Overview.
9.1.2 Financial Performance.
9.2 Varroc Engineering Limited.
9.2.1 Company Snapshot and Overview.
9.2.2 Financial Performance.
9.3 TYC Brother Industrial Co. Ltd.
9.3.1 Company Snapshot and Overview:
9.3.2 Financial Performance.
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