Published on : Mar 23, 2018
Albany, New York, March 23, 2018: With a lot of technological advancements, the automotive industry is growing steadily. Presently, automotive manufacturers are investing heavily in their research and development to come up with advanced driver assistance system. This, in turn, will propel the overall market for automotive adaptive front lightings, which aids in enhancing the passenger safety mainly during the night. Market Research Hub (MRH) has freshly publicized a study titled “Automotive Adaptive Front Lighting Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025” to its massive repository, which provides readers a clear picture of the current scenario as well as future prospects of the automotive adaptive front lighting market, with a prime focus on regions such as the Asia Pacific Excluding, Europe, North America, Japan, Latin America, and the Middle East and Africa (MEA).
In the present time, demand for optimized lighting systems in all kinds of vehicles, ranging from passenger cars to luxury SUVs, has been increasing which is a contributing factor for the market growth of automotive adaptive front lighting. Adaptive front lighting system (AFS) enhances distribution of light from the headlights according to driving circumstances. The rising demand for passenger cars across the world has mandated car manufacturers to use various types of advanced driving assistance system in their cars in order to adhere to various vehicular safety norms, which subsequently led to the increase in demand for adaptive front lightings in this segment.
According to the report, the global automotive adaptive front lighting market was valued at US$7.71 bn in 2016, by revenue, and is expected to rise to a valuation of US$354.11 bn by 2025, exhibiting an extraordinary CAGR of 52.20% during the report’s forecast period. The growth of the automotive adaptive front lighting market can be chiefly credited to the rapidly expanding automotive industry, constant growth in the demand for advanced commercial vehicles.
In order to provide a comprehensive view of the global automotive adaptive front lighting market, the report has been segmented on the basis of technology, vehicle and region. Based on the technology used for automotive adaptive front lighting, the global market has been segmented into xenon headlight, LED headlight, Laser headlight, and OLED headlight. In the coming years, Laser headlight segment is likely to hold the largest revenue share of the automotive adaptive front lighting market.
From a geographical perspective, the report has found that the Asia Pacific and Europe account for a massive share in global revenues, driven by increasing need for technologically advanced features for passenger safety and productivity.
At last, the report deals with the competitive landscape section which highlights the key players that are operating in the automotive adaptive front lighting market along with details such as business positioning, financial standing, and SWOTs. Some of the major players include HELLA GmbH & Co. KGaA., Johnson Electric, KOITO MANUFACTURING CO., LTD., Valeo, De Amertek Corp, STANLEY ELECTRIC CO., LTD., Magneti Marelli S.p.A, Neolite ZKW, Continental AG, Denso Corporation, Hyundai Mobis, Robert Bosch GmbH, Fraunhofer-Gesellschaft, and Texas Instruments Incorporated.
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