Automotive Adaptive Lighting Market in North America 2022-2026 | Use of Automotive Adaptive Lighting such as Adaptive Front Lighting System to Boost Growth | Technavio
NEW YORK, March 23, 2022 /PRNewswire/ -- The Automotive Adaptive Lighting Market in North America is expected to grow by USD 1.52 billion from 2021 to 2026, progressing at a CAGR of 8.92% during the forecast period, according to Technavio. The report offers an up-to-date analysis and to know exact growth variance and the Y-O-Y growth rate Request a free sample report.
Key Automotive Adaptive Lighting Market in North Report Highlights:
- Market growth 2021-2025: USD 1.52 billion
- Growth momentum & CAGR: Accelerate at a CAGR of 8.92%
- YoY growth (%): 6.36%
- Performing market contribution: the US at 79%
- Key consumer countries: US, Canada, and Mexico
Regional Market Analysis
During the forecast period, the US will account for 79 percent of market growth. In North America, the primary markets for automobile adaptive lighting are the United States, Canada, and Mexico. The market in this region will increase at a quicker rate than the market in other regions.
Over the projection period, the rising adoption of luxury cars will aid the growth of the automotive adaptive lighting market in the United States.
Furthermore, countries such as the US, Canada, and Mexico are expected to emerge as prominent markets for Automotive Adaptive Lighting Market in North America during the forecast period.
For Additional Information about the regional market: Request for a free sample report.
Automotive Adaptive Lighting Market in North America 2022-2026: Segmentation
The Automotive Adaptive Lighting Market in North America is segmented as below:
- Application
- Passenger Cars
- Commercial Vehicles
- Geography
- US
- Canada
- Mexico
Learn more about the additional trends impacting the future of the market and the positive and negative consequences on the businesses., download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR72653
Key Vendors and Vendor Strategies
HELLA GmbH and Co. KG, Hyundai Mobis Co. Ltd., KOITO MANUFACTURING CO. Ltd., Koninklijke Philips NV, Marelli Holdings Co. Ltd., OSRAM Licht AG, Stanley Electric Co. Ltd., Texas Instruments Inc., Valeo SA, and ZKW Group GmbH are few of the key vendors in the Automotive Adaptive Lighting Market in North America.
The vendors in the market are constantly focusing on broadening their product portfolio through expanding their product offerings. Additionally, vendors are focusing on expanding their presence in new regions.
For instance:
- HELLA GmbH and Co. KG: The company offers adaptive lighting that includes vehicle lighting headlamps, fog lights, auxiliary lamps, work lamps, rear combination lamps, bulbs, led retrofit, daytime running lights, headlamps, and lamp upgrades, optical warning systems, hella value fit.
- Hyundai Mobis Co. Ltd: The company offers adaptive lighting that includes advanced driver assistance systems, convenience specs, sensors, mecha, electrification, power converter, electric energy system, cluster.
- KOITO MANUFACTURING CO. Ltd: The company offers adaptive lighting that provides a led headlamp, a led daytime running lamp, a led log lamp, an accessory lamp, led rear combination lamp.
Download our free sample report to get a brief understanding of various other vendors and the vendor's strategies.
Key Market Drivers
Our analysts have extensively outlined the information on the key market drivers and their impact on the Automotive Adaptive Lighting Market in North America.
- The use of automotive adaptive lighting:
- Automotive adaptive lighting systems are becoming more popular because they improve driving safety. Vehicle manufacturers, on the other hand, are positioning these systems as a differentiator in the car sales market. Vehicles with adaptive lighting systems have better night vision capabilities. Automotive adaptive lighting systems also improve a vehicle's aesthetic appeal. A car adaptive lighting system's design and architecture provide styling variety, acting as a distinct brand trademark.
However, the bad weather conditions causing functional concerns would be a major challenge for the car adaptive lighting market in North America.
To know about a few other market drivers, trends, and challenges.
Download our free sample report
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Automotive Adaptive Lighting Market Scope in North America |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.92% |
Market growth 2022-2026 |
$ 1.52 billion |
Market structure |
Fragmented |
YoY growth (%) |
6.36 |
Regional analysis |
North America |
Performing market contribution |
US at 79% |
Key consumer countries |
US, Canada, and Mexico |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
HELLA GmbH and Co. KG, Hyundai Mobis Co. Ltd., KOITO MANUFACTURING CO. Ltd., Koninklijke Philips NV, Marelli Holdings Co. Ltd., OSRAM Licht AG, Stanley Electric Co. Ltd., Texas Instruments Inc., Valeo SA, and ZKW Group GmbH |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2021
- Market outlook: Forecast for 2021 - 2026
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
- Comparison by Application
- Passenger cars - Market size and forecast 2021-2026
- Commercial vehicles - Market size and forecast 2021-2026
- Market opportunity by Application
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- US - Market size and forecast 2021-2026
- Canada - Market size and forecast 2021-2026
- Mexico - Market size and forecast 2021-2026
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- HELLA GmbH and Co. KG
- Hyundai Mobis Co. Ltd.
- KOITO MANUFACTURING CO. Ltd.
- Koninklijke Philips NV
- Marelli Holdings Co. Ltd.
- OSRAM Licht AG
- Stanley Electric Co. Ltd.
- Texas Instruments Inc.
- Valeo SA
- ZKW Group GmbH
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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