Dublin, Dec. 10, 2018 (GLOBE NEWSWIRE) -- The "Global Automotive Intelligent Lighting Market: Focus on Adaptive Headlight and Intelligent Ambient Lighting - Halogen, Xenon, and LED for Two-Wheelers, Passenger Cars and Commercial Vehicles - Analysis and Forecast, (2018-2023)" report has been added to ResearchAndMarkets.com's offering.
The global automotive intelligent lighting market is expected to grow at a CAGR of 8.44% in terms of value during the forecast period 2018-2023.
This growth can be attributed to the increasing demand for advanced active safety features such as adaptive headlights. Furthermore, the rising demand for advance intelligent ambient lighting and advantages associated with automotive intelligent lighting are expected to drive the global market for automotive intelligent lighting during the forecast period (2018-2023).
The factors driving the growth of the global automotive intelligent lighting market include an increase in vehicle sales globally and growing emphasis toward road safety, owing to which government of different countries including China, the U.S., and Germany, among others have mandated advance safety features such as ABS. Additionally, inclination toward comfort and luxury boosts the automotive intelligent lighting market demand.
However, even with such an enormous growth of demand, the global market for automotive intelligent lighting is facing immense challenges, which include the high cost associated with automotive intelligent lighting and fluctuation cost of raw material.
Moreover, factors such as increasing adoption of two-wheelers adaptive headlight by automotive OEMs and wide-ranging opportunities in emerging economies are expected to create numerous opportunities for the market growth. Additionally, technological advancement, such as packaged LED and laser diode for automotive lighting and OLED panel for automotive interior lighting is expected to create numerous opportunities for the market players, thus boosting the market growth.
On the basis of technology, the automotive intelligent lighting market includes halogen, xenon, and LED segments.
LED dominated the global automotive intelligent lighting market in 2017 and is anticipated to maintain its dominance throughout the forecast period. The LED light segment is expected to grow at the fastest rate among all the light sources for automotive intelligent lighting market during the forecast period.
Factors, such as declining average price, low energy consumption, and increased service life are diving the demand of LEDs for automotive intelligent lighting market. Moreover, growing application of LED in automotive intelligent lighting such as two-wheeler adaptive headlight and intelligent LED ambient lighting for passenger car and commercial vehicle fuel the market growth.
In future, halogen and xenon light segment is likely to witness a decline in market share, owing to their disadvantages including higher energy consumption and more limited applications as compared to LED, laser, and OLED.
The passenger car segment was the largest contributor to the overall market revenue in 2017. The major factors such as growing sales of passenger cars especially in emerging countries, increasing disposable income, and technological advancements boost the overall intelligent lighting market for passenger cars.
Commercial vehicles market for intelligent lighting is expected to grow at a moderate growth rate in the forecast period, owing to factors such as increasing government regulations for better automotive safety systems and steadily rising commercial vehicle industry across the globe.
Automotive intelligent lighting that includes adaptive lighting and intelligent ambient lighting is an advance lighting solution for passenger cars and commercial vehicles. Only adaptive headlights are considered under adaptive lighting as the scope for other adaptive lightings, such as an adaptive rear lamp, adaptive fog lamp, and adaptive indicators, among others, is very narrow.
Intelligent ambient lighting dominated the global automotive intelligent lighting market in 2017 and is expected to maintain its dominance throughout the forecast period. This is mainly due to the rising demand for comfort and enhanced driving experience in passenger car and commercial vehicle, boosting the demand for intelligent ambient lighting.
The adaptive headlight segment is expected to grow at the fastest rate during the forecast period. This is mainly due to the increasing demand for advance active safety features such as adaptive headlight and adaptive rear lamp in passenger car and commercial vehicles.
The automotive adaptive lighting revenue is generated mainly through two end-markets: OEM and aftermarket. The OEM segment dominated the global automotive intelligent lighting market and is expected to maintain its dominance throughout the forecast period. Increased vehicle production, changing consumer preferences, and affordable product offerings by OEMs are some of the key factors responsible for a high growth rate of the automotive lighting market.
This report also covers the global automotive intelligent lighting market, by geography and consequently provides the revenue of the key regions which include North America Free Trade Agreement (NAFTA), Europe, Asia-Pacific (APAC), and Rest-of-the-World (Middle East & Africa, and South America).
Europe dominated the global automotive intelligent lighting market and is anticipated to uphold its dominance throughout the forecast period. The automotive intelligent lighting market in Europe is majorly driven by the need for safety against collision due to less visibility especially at night on highways. Additionally, an increasing number of high-end passenger cars such as BMW, Audi, Mercedes Benz, and Volvo, among others is expected to boost the market growth.
The automotive intelligent lighting market in APAC is expected to grow at the fastest rate among all the regions between 2018 and 2023. Growing automotive industry, rising disposable income, and increasing manufacturing facilities are some of the factors contributing to the market growth in the APAC region.
The global automotive intelligent lighting market has witnessed several strategic and technological developments in the past few years, undertaken by the different market players to attain their respective market shares in this emerging domain.
Some of the strategies covered in this section are product launches, product developments, and business expansions, among others. The preferred strategy for companies has been business expansion in order to strengthen their position in the global automotive intelligent lighting market.
The key market players in the global automotive intelligent lighting market are General Electric, Gropo Antolin, Hella GmbH & Co. KGaA, Hyundai Mobis Co. Ltd, Ichikoh Industries, Ltd., J W Speaker Corporation, Koito Manufacturing Co. Ltd, Magneti Marelli S.p.A, OSRAM GmbH, Signify Holding, Stanley Electric Co. Ltd, Valeo Group, Varroc Group, and Zizala Lichtsysteme GmbH.
Key Topics Covered
Executive Summary
1 Market Overview
1.1 Automotive Intelligent Lighting Overview
1.1.1 Adaptive Headlight
1.1.2 Intelligent Ambient Lighting
2 Market Dynamics
2.1 Change in Industry Landscape
2.1.1 Evolution of Automotive Headlight
2.2 Market Drivers
2.2.1 Increase in Vehicle Sales
2.2.2 Growing Emphasis Towards Road Safety
2.2.3 Inclination Towards Comfort and Luxury
2.2.4 Impact of Market Drivers
2.3 Market Challenges
2.3.1 High Cost Associated with Automotive Intelligent Lighting
2.3.2 Fluctuation in the Price of Raw Materials
2.3.3 Impact of Market Challenges
2.4 Market Opportunities
2.4.1 Increasing Adoption of Two-Wheelers Adaptive Headlight by OEMs
2.4.2 Wide Ranging Opportunities in Emerging Economies
2.5 Trends in Automotive Lighting
2.5.1 Packaged LED for Automotive Lighting
2.5.1.1 LED vs. Conventional Automotive lighting
2.5.2 OLED Panel for Automotive Lighting
2.5.3 Laser Diode for Automotive Lighting
3 Competitive Insights
3.1 Key Strategies and Developments
3.1.1 Product Launches & Development
3.1.2 Business Expansion
3.1.3 Acquisitions, Collaborations & Joint Ventures
3.2 Market Share Analysis
3.3 R&D Analysis
4 Industry Analysis
4.1 Opportunity Matrix Analysis
4.2 Supply Chain Analysis
4.3 Product Life Cycle
5 Global Automotive Intelligent Lighting Market Analysis and Forecast
5.1 Assumptions for Analysis and Forecast of the Automotive Intelligent Lighting Market
5.2 Market Overview
5.3 Halogen
5.4 Xenon
5.5 LED
6 Global Automotive Intelligent Lighting Market, by Type
6.1 Adaptive Headlight
6.1.1 Global Automotive Adaptive Headlight Market by Region
6.1.2 Future Application of Automotive Adaptive Front Lighting
6.1.2.1 Front Fog Light
6.1.2.2 Front and Side Indicators
6.1.2.3 Front Parking Light
6.1.2.4 Adaptive Day Time Running Lights (DRL)
6.1.3 Future Application of Automotive Adaptive Rear Lighting
6.1.3.1 Brake Light
6.1.3.2 Rear Indicators
6.1.3.3 Reverse Light
6.1.3.4 License Plate Light
6.1.3.5 Central High-Mounted Stop Lamp (CHMSL)
6.1.3.6 Rear Fog Lights
6.2 Intelligent Ambient Lighting
6.2.1 Global Automotive Intelligent Ambient Lighting Market, by Region
6.2.2 Dashboard Light
6.2.3 Dome Light
6.2.4 Glove Light
6.2.5 Welcome Light
7 Global Automotive Intelligent Lighting Market, by Vehicle Type
7.1 Two-Wheeler
7.1.1 Two-Wheelers Intelligent Lighting Market, by Region
7.2 Passenger Cars
7.2.1 Passenger Cars Intelligent Lighting Market, by Type
7.2.2 Passenger Cars Intelligent Lighting Market by Region
7.3 Commercial Vehicles
7.3.1 Commercial Vehicle Intelligent Lighting Market, by Type
7.3.2 Commercial vehicle Intelligent Lighting Market, by Region
8 Global Automotive Adaptive Lighting Market, by End-Market
8.1 OEM
8.2 Aftermarket
9 Global Automotive Intelligent Lighting Market by Geography
9.1 NAFTA
9.2 Europe
9.3 Asia-Pacific (APAC)
9.4 Rest-of-the-World (RoW)
9.5 South America
10 Company Profiles
10.1 General Electric
10.2 Grupo Antolin
10.3 Hella GmbH & Co. KGaA
10.4 Hyundai Mobis Co. Ltd.
10.5 ICHIKOH INDUSTRIES, Ltd.
10.6 J W SPEAKER CORPORATION
10.7 KOITO Manufacturing Co. Ltd.
10.8 Magneti Marelli S.p.A
10.9 OSRAM GmbH
10.10 Signify Holding
10.11 Stanley Electric Co. Ltd.
10.12 VALEO GROUP
10.13 VARROC GROUP
10.14 Zizala Lichtsysteme GmbH
10.15 Emerging Players
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