DUBLIN, Oct. 16, 2019 /PRNewswire/ -- The "Automotive Intelligent Lighting Market to 2027 - Global Analysis and Forecasts By Technology; Type of Lights; and Vehicle Type" report has been added to ResearchAndMarkets.com's offering.
The global automotive intelligent lighting market is estimated to account to US$ 3.22 Bn in 2018 and is expected to grow at a CAGR of 12.4% during the forecast period 2018 - 2027, to account to US$ 8.70 Bn by 2027.
The global automotive intelligent lighting market is experiencing steady growth in the forecast period. The Rapid rise in sales of premium and luxury cars due to rising disposable incomes and increasing demands for integration of luxury coupled with strong consumer focus on car aesthetics owing to the surge in demand of automotive intelligent lighting globally. , the trend of urbanization is growing at an exponential growth rate owing to which the average disposal income of the population staying in urban cities is also increasing, allowing them to enhance their lifestyles.
The number of passenger cars operating worldwide is therefore on the rise, further creating a demand for production of passenger cars to cater to the ever-increasing demands. Thus, it impact the growth of automotive intelligent lighting market in the current scenario.
A key trend that will prominently affect the automotive intelligent lighting market in the coming years is the convergence of connected cars in the forecast period. This factor is expected to boost the automotive intelligent lighting market. 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 is driving the automotive intelligent lighting market. These factors are projected to gain traction in the coming times having a significant impact approaching the automotive intelligent lighting market.
Automotive intelligent lighting market by technology is segmented into LED matrix and Laser. LED light source used in the headlights allows drivers to have a proper and better view of the road contours, better road anticipation power and thereby good reaction time for taking a decision LED and HID sources empower the vehicle driver with sharper and better views ensuring good anticipation of the other vehicles.
The use of LED lamps has further paved the way for a much more profound advancement that is intelligent automotive lighting. Integrating an electronic control to maneuver the Led lighting has created a roadmap for the emergence of intelligent automotive lighting and is anticipated to drive the market in the coming years. These factors are expected to enhance the demand of LED matrix in the automotive intelligent lighting market globally.
Key Topics Covered:
1.1 Scope Of The Study
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.2 Secondary Research
3.3 Primary Research
4. Automotive Intelligent Lighting Landscape
4.1 Market Overview
4.2 Ecosystem Analysis
5. Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Rapid rise in sales of premium and luxury cars due to rising disposable incomes
5.1.2 Increasing demands for integration of luxury coupled with strong consumer focus on car aesthetics
5.1.3 Growing demands for LED automotive exterior lighting
5.2 Key Market Restraints
5.2.1 Longer product development cycles and the power consumption issues
5.3 Key Market Opportunities
5.3.1 Rapid pace of industrialization and urbanization in developing economies of APAC
5.3.2 Need for a safe and efficient cabling infrastructure inside buildings owing to increasing urbanization
5.4 Future Trends
5.4.1 Convergence of connected cars and the in-vehicle components
5.5 Impact Analysis of Drivers and Restraints
6. Automotive Intelligent Lighting - Global Market Analysis
6.1 Global Automotive Intelligent Lighting Overview
6.2 Global Automotive Intelligent Lighting Forecast And Analysis
6.3 Market Positioning/ Market Share
7. Automotive Intelligent Lighting Market Analysis - By Technology
7.2 Automotive intelligent lighting Market Breakdown, By Technology, 2018 & 2027
7.3 LED Matrix
8. Automotive Intelligent Lighting Market Revenue And Forecasts To 2027- Type of Light
8.2 Global Automotive Intelligent Lighting Market Breakdown, By Type of Light, 2018 & 2027
8.3 Adaptive Headlight Market
8.4 Intelligent Ambient Lighting Market
9. Automotive Intelligent Lighting Market Analysis - By Vehicle Type
9.2 Automotive Intelligent Lighting Market Breakdown, By Vehicle Type, 2018 & 2027
9.3 Passenger Cars
9.4 Commercial Vehicles
10. Automotive Intelligent Lighting Market - Geographical Analysis
11. Industry Landscape
11.2 Market Initiative
11.3 New Product Development
12. Company Profile
- Automotive Lighting LLC
- HELLA GmbH & Co. KGaA
- Koito Manufacturing Co., Ltd.
- Lumileds Holding B.V.
- OSRAM Continental GmbH
- Robert Bosch GmbH
- SL Corporation
- Valeo SA
- Varroc Group
For more information about this report visit https://www.researchandmarkets.com/r/2m4hfj
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets