Automotive Intelligent Lighting Market Global Size, Growth and Demand 2020 to 2030

Automotive Intelligent Lighting: Introduction

Rise in preference for active safety features in automotive has steered the development of intelligent lighting. Presently, a transition has been witnessed in automotive industry where vehicles are getting shifted from conventional lighting system to smart, advanced, and more intelligent automotive lighting.
Automotive intelligent lighting enhances light distribution from the headlights as per vehicle driving circumstances. Depending on vehicle steering input and speed, the automotive intelligent lighting points the low-beam headlights toward the direction the chauffeur intends to drive. While adjusting the illumination during switching lights on and off, the automotive intelligent lighting uses artificial intelligence.

Key Drivers and Restraints of Global Automotive Intelligent Lighting Market

Automotive intelligent lighting redirects low-beam headlamp units in accordance with the vehicle speed and steering angle at night to improve visibility during cornering
Driving a vehicle has become a safer operation with the advent of automotive intelligent lighting, as it assists the driver in case of poor visibility in extreme weather conditions by optimizing the distribution of light according to the requirement
Automotive intelligent lighting is a part of advanced driver assistance system (ADAS) that changes the vehicle lighting pattern during a drive on a winding road in order to compensate for the road curvature, thereby enhancing night visibility. This is projected to augment the demand for automotive intelligent lighting in the near future.
Increase in support through stringent government safety regulations across the world to integrate safety automotive features such as ADAS in vehicles supplemented with rise in road fatalities due to poor night vision is anticipated to foster the automotive intelligent lighting market during the forecast period
Automotive intelligent lighting consists of high intensity discharge headlamp ballast, body leveling sensor, angular sensor, actuators, control module, and headlamp turning driving mechanism. The linkage within these equipment is compulsory, this in turn, makes it a complex system to operate and an expensive affair.

Are you a start-up willing to make it big in the business? Grab an exclusive PDF Brochure of this report

LED Segment to Witness High Demand

Based on technology, the global automotive intelligent lighting market can be classified into LED, halogen, and xenon. The LED segment accounted for prominent share of the market in 2018 and is likely to expand at a rapid pace during the forecast period.
Light-emitting diodes (LEDs) consume less energy compared to other options and are significantly more efficient than the conventional ones fitted in automotive
Continuous decline in cost of LED lighting for automotive coupled with its multiple applications in vehicle interior lighting is prompting and encouraging the automakers to incorporate intelligent lighting for automotive using LED

Adaptive Headlight Segment has Significant Growth Potential

In terms of product type, the global automotive intelligent lighting market can be segregated into adaptive headlight and intelligent ambient lighting
Adaptive headlight segment is anticipated to expand at a significant growth rate during the forecast period. Growth of the segment can be primarily attributed to its application to offer superior visibility during night time.
Adaptive headlight improves the control and visibility in the focused direction and provides low beams lighting distribution according to the movement of steering wheel during cornering or turning at various speeds at night. This is projected to boost the segment growth in the near future.

Europe to Lead Global Automotive Intelligent Lighting Market

In terms of region, the global automotive intelligent lighting market can be divided into: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Europe is projected to witness substantial demand for automotive intelligent lightings between 2019 and 2027. The safety norms and policies pertaining to passenger safety set by the European regulatory bodies such as ‘Euro Standards’ are expected to become tighter in the near future. This is likely to mandate the automakers to integrate ADAS in the vehicles produced, thereby encouraging the growth of automotive intelligent lighting during the forecast period. Moreover, presence of top automakers and OEMs, availability of components, and development of precise and advanced products in the region are boosting the growth of automotive intelligent lighting in Europe.

For Right Perspective & Competitive Insights, Request a Sample @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=73773

Key Manufacturers Operating in Global Market

The global automotive Intelligent Lighting market was highly fragmented in 2018. Key manufacturers operating in the global market are:

GENERAL ELECTRIC
Hella KGaA Hueck & Co.
Ichikoh Industries Ltd.
Magneti Marelli S.p.A
Texas Instruments Incorporated
OSRAM Licht AG
KOITO MANUFACTURING CO., LTD.
Valeo
J.W. Speaker Corporation
STANLEY ELECTRIC CO., LTD.
Neolite ZKW
Continental AG
De Amertek Corp
Denso Corporation
Johnson Electric
Hyundai Mobis
Robert Bosch GmbH
Fraunhofer- Gesellschaft

Request the coronavirus impact analysis @ https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=73773

Global Automotive Intelligent Lighting Market: Research Scope

Global Automotive Intelligent Lighting Market, by Technology

LED
Halogen
Xenon

Global Automotive Intelligent Lighting Market, by Product Type

Adaptive Headlight
Intelligent Ambient Lighting

Global Automotive Intelligent Lighting Market, by Application

Exterior Lighting
Interior Lighting

Global Automotive Intelligent Lighting Market, by Vehicle Type

Passenger Vehicle
Commercial Vehicle

Global Automotive Intelligent Lighting Market, by Sales Channel

OEM
Aftermarket

Global Automotive Intelligent Lighting Market, by Region

North America

U.S.
Canada

Europe

Germany
U.K.
France
Italy
Spain
Rest of Europe

Asia Pacific

China
India
Japan
ASEAN
Rest of Asia Pacific

Latin America

Brazil
Mexico
Rest of Latin America

Middle East & Africa

GCC
South Africa
Rest of Middle East & Africa

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

Customer Experience Maps
Insights and Tools based on data-driven research
Actionable Results to meet all the business priorities
Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

North America
Asia Pacific
Europe
Latin America
The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Get Our Trending Research Report Below:

Contact

Transparency Market Research

90 Sate Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Email: [email protected]

Website: https://www.transparencymarketresearch.com/