Research and Markets - Global Automotive Adaptive Front Lighting System Market to Grow 12% by 2020 - Key Vendors are KOITO, Magneti Marelli & Valeo

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Nov 30, 2016, 11:10 ET

DUBLIN, Nov 30, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Automotive Adaptive Front Lighting System Market 2016-2020" report to their offering.

The report forecasts the global automotive adaptive front lighting system market to grow at a CAGR of 12.95% during the period 2016-2020.

The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

One of latest trends in the market is image type adaptive front lighting system. The automotive industry is witnessing a drive of innovation in the field of infotainment, safety systems, ADAS, in-dash controls, telematics, and lately autonomous vehicles. These features were largely included in the luxury segment vehicles in the past. However, OEMs and component suppliers have been actively investing in means to reduce the cost of these features, to be able to introduce these components and systems into mass mid-segment vehicles.

According to the report, one of the primary drivers in the market is adaptive front lighting system acts as a brand differentiator. Car designers are increasingly seeking differentiating factors in the intensely competitive automotive market. They are doing this by creating new styling features of the exterior and interior lighting systems. New technologies that provide greater flexibility and bigger scalability across different applications and different vehicle models are providing the opportunity for automotive designers to create a unique style, look, and feel. The adaptive front lighting system being a safety feature is used to assist drivers while driving by improving road visibility for them. This system also acts as an alert for any hazard on the road. These technologies are being leveraged by designers to enhance the appeal of cars and increase the demand for premium price vehicles.

Further, the report states that one major challenge in the market is regulatory issues may delay introduction of laser, LED headlights worldwide. Automakers are working effectively to solve problems of night collision between vehicles and with animals, and other potential hazards that may arise while driving. The adaptive front lighting system reduces this kind of hazards by increasing the visibility range of the driver. However, this system is illegal in the US.

Key vendors:

HELLA
KOITO
Magneti Marelli
Valeo
OSRAM

Key Topics Covered:

Part 01: Executive summary

Part 02: Scope of the report

Part 03: Market research methodology

Part 04: Introduction

Part 05: Market landscape

Part 06: Geographical segmentation

Part 07: Market drivers

Part 08: Market challenges

Part 09: Market trends

Part 10: Vendor landscape

Part 11: Key vendor analysis

Part 12: Appendix

For more information about this report visit http://www.researchandmarkets.com/research/39txg7/global_automotive

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SOURCE Research and Markets