Next-Generation Automotive Lighting Markets, 2025 - Flexible Organic Light Emitting Diode (OLED), Human-Centric Lighting, Integration of LiDAR in Headlamps of Vehicles
DUBLIN, March 19, 2021 /PRNewswire/ -- The "Next-Generation Automotive Lighting Market - A Global and Regional Analysis: Focus on Applications, Products, and Country-Wise Assessment - Analysis and Forecast, 2020-2025" report has been added to ResearchAndMarkets.com's offering.
Over the last decade, the automotive industry has witnessed a massive transformation owing to rising air pollution, stringent government rules and regulation and growth in demand for safety features such as adaptive driving beam, ambient lighting, laser lighting, and communicable lighting. Currently, the automotive industry is on the crest of technological advancement, which in turn, is expected to further advance the concept of vehicle safety on public roads.
The dynamic evolution of the automobile industry is attributed primarily to changing consumer preferences, growing focus on environment concerns, increased safety, and stringent government regulations. Lighting plays a critical role in the automotive industry and is growing at a rapid pace, driven by safety and design.
Rapid technological developments in the automotive lighting industry have witnessed a radical transformation from simple incandescent and gas discharge based light sources to light emitting diodes (LEDs), laser technology and organic light emitting diodes (OLEDs).
The next generation automotive lighting market research provides a detailed perspective on the different types of products, their applications, value estimation, among others. The principal purpose of this market analysis is to examine the automotive lighting market in terms of factors driving the market, restraints, trends, and opportunities, among others.
The report further considers the market dynamics, supply chain analysis, and the detailed product contribution of the key players operating in the market. The next generation automotive lighting market report is a compilation of different segments, including market breakdown by product type, application, region, and country.
The next generation automotive lighting market, based on product type, has been segmented into adaptive lighting, flexible lighting, ambient lighting, and communicable lighting. The ambient lighting segment is expected to maintain its dominance during the forecast period in the next generation automotive lighting market.
The next generation automotive lighting market, based on technology type, has been segmented into halogen, xenon, LED, and laser. The LED segment is expected to maintain its dominance during the forecast period in the next generation automotive lighting market.
The next generation automotive lighting market, by application, has been segmented into passenger and commercial. The passenger segment dominated the next generation automotive lighting market in 2020 in terms of value and is expected to maintain its dominance through the forecast period.
Based on the region, the next generation automotive lighting market has been segmented into Asia-Pacific & Japan, Europe, the U.K., China, North America, and Rest-of-the-World. Each region is segmented into countries. Data for each of these regions and countries is provided by product type and application.
Competitive Landscape
The next generation automotive lighting market competitive landscape consists of different strategies undertaken by key players across the industry to gain traction and market share presence. Some strategies adopted by the service providers are new product launches, business expansions, mergers, partnerships, and collaborations. Among all these strategies adopted, business expansion is the popular choice of the strategy implemented in the micro-mobility market.
Some of the most prominent ecosystem players are Magneti Marelli S.p.A., HELLA GmbH & Co. KGaA, OSRAM GmbH, Valeo Group, KOITO Manufacturing Co. Ltd., Hyundai Mobis Co. Ltd., Varroc Group, Magna International Inc., Flex-N-Gate Corporation, DRAXLMAIER GROUP, Sigma International, J W SPEAKER CORPORATION, Faurecia S.A., LG Innotek Co., Ltd., and Stanley Electric Co., Ltd.
Some of the notable developments are:
- Valeo Group partnered with Cree, Inc. in 2018 to develop a HD LED solution for automotive lightings for adaptive lighting beams.
- Magneti Marelli S.p.A., in collaboration with Daimler AG, has developed a lighting technology which improves protection by supplying the driver with visual awareness in the front region of the car. The first Daimler AG car with this system was launched in mid-2018.
- OSRAM GmbH launched a new generation of automotive LEDs with better heat management systems in September 2020.
Industry Outlook
Trends: Industry Dynamics Defining the Future Trends in Next-Generation Automotive Lighting Market
- Flexible Organic Light Emitting Diode (OLED)
- Human-Centric Lighting
- Integration of LiDAR in Headlamps of Vehicles
Supply Chain Analysis
Who Supplies Whom
Business Dynamics
Business Drivers
- Increase in Demand for Luxury Cars
- Growing Popularity of Autonomous Vehicles
- Stringent Safety Regulations for Lighting Systems
Business Restraints
- Higher Cost Concerns with Next-Generation Automotive Lighting
- Increase in Relative Costs of Raw Materials since LED Revolution
- Business and Corporate Strategies
Business Opportunities
- Development of Advanced Adaptive Driving Beam (AADB)
- Advent of New Services for Automotive Lighting
Companies Mentioned
- Draxlmaier Group
- Faurecia S.A.
- Flex-N-Gate Corporation
- HELLA GmbH & Co. KGaA
- Hyundai Mobis Co. Ltd.
- J W Speaker Corporation
- KOITO Manufacturing Co. Ltd.
- LG Innotek Co., Ltd.
- Magna International Inc.
- Magneti Marelli S.p.A.
- OSRAM GmbH
- Sigma International
- Stanley Electric Co., Ltd.
- Valeo Group
- Varroc Group
For more information about this report visit https://www.researchandmarkets.com/r/2obiva
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