Automotive Intelligent Lighting Market: Know About Future Outlook and Challenges, Forecast Period

The automotive manufacturers worldwide are experiencing significant demand for vehicles ranging from passenger vehicles, lightweight commercial vehicles, and heavyweight commercial vehicles. Higher disposable income in the developed countries and increasing purchasing power capacity among the population in developing countries is significantly driving the advanced technological vehicles procurement.

The global automotive intelligent lighting market is majorly driven by rapid rise in sales of premium and luxury cars due to rising disposable incomes and continuous partnership of automotive OEMs with semiconductor manufacturers is capitalizing the market. However, the governments of different countries are investing heavily for the advancement of lighting system integrated with vehicles to provide better visibility during night time are projected to offer considerable opportunities to the players in the automotive intelligent lighting market.

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Developed internet infrastructure, advances in semiconductors technology, availability of high definition displays are all on a path to completely transform the automotive industry. Driver telematics, in-vehicle infotainment systems, Advanced Driver Assistance Systems (ADAS) are already being rolled out in the market and are rapidly gaining widespread popularity. As far as the future of this industry is concerned, vehicle with Wi-F,  vehicle-to-vehicle communications that would enable complete communication between cars on the road and exchange safety data such as traffic conditions, weather conditions and real-time location services , advanced infotainment systems and applications are anticipated to converge.

 Whereas, the global automotive sector in the current market scenario is increasingly demanding integration of advanced technological solutions to for better visibility and safety of the driver. The market players are continuously concentrating on the advancement of automotive lighting capabilities. Therefore, automotive OEMs of today have laid strong emphasis on the integration of value-added products that add to the aesthetics of the car and differentiate their product from the rest.

 Some of the factors propelling the market for automotive intelligent lighting include the growing demands for LED automotive exterior lighting, and rising demands for integration of luxury coupled with strong consumer focus on car aesthetics. However, longer product development cycles and the power consumption issues is a key restraint that is hampering the growth of the automotive intelligent lighting market. Moreover, the convergence of connected cars is anticipated is the key trend for the automotive intelligent lighting market.

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Global Automotive Intelligent Lighting Market - Company Profiles

• Automotive Lighting LLC
• HELLA GmbH & Co. KGaA
• Koito Manufacturing Co., Ltd.
• Lumileds Holding B.V.
• OSRAM Continental GmbH
• Robert Bosch GmbH
• SL Corporation
• Tungsram
• Valeo SA
• Varroc Group