The Global Automotive Intelligent Lighting Market is projected to reach USD 37.26 billion in 2027. Strict policies of the government and growing security issues are likely to propel development over the forecast period. However, increasing customer awareness about the importance of automotive intelligent lighting, including dynamic bend light and a glare-free high beam, is also expected to have a positive effect on the demand for exterior lighting.
The industry is expected to be powered by increased apprehensions about using energy-efficient methods coupled with increasing customer disposable income. In addition, growing demand for automobiles and technical advancements in the automotive industry is expected to propel use. Owing to the rising number of total vehicles purchased y-o-y across BRIC nations, lucrative growth prospects are anticipated for new entrants in the industry. Legislative authorities, therefore, need to work with suppliers of light procurement technology to develop scalable design techniques.
A main issue for the Automotive Intelligent Lighting industry is the high cost of LED lamps. With the advent of new technologies, halogen and Xenon / HID, which were used earlier, have become less popular. The main downside to heating and energy-wasting is halogen lamps, while Xenon light is more complicated and takes some time to reach maximum brightness.
Get a sample of the report @ https://www.emergenresearch.com/request-sample/5
Key companies operating in the Intelligent Lighting Control market include:
Osram GmbH, Valeo S.A., Hella KGaA Hueck & Co., Stanley Electric, Koito Manufacturing Co., Ltd., Magneti Marelli, Koito Manufacturing Co., Ltd., General Electric, Continental, and Bosch, among others.
It is projected that the Automotive LED market will show significant growth from 2019 through 2027. Halogen lamps, accompanied by LED and xenon, lead to the bulk of total industry revenues. It has gained popularity due to ease of availability, low cost of production, and low cost of replacement. But rising fuel prices are expected to pose a challenge to the industry.
The COVID-19 impact:
The COVID-19 pandemic is likely to affect market development to some degree. Due to decreased demand, supply chain bottlenecks, and the safeguarding of their workers during the COVID-19 pandemic, major ADAS solution provider declared a production suspension. This is likely to result in a reduction in demand for ADAS solutions by 2020. Producers are expected to adjust production to avoid bottlenecks and from OEMs and level 1 manufacturers to plan production on a demand-based basis. Tier 1 players agree that sales will decline in the remaining quarters of 2020 as a result of the severe pandemic, especially in the USA and major European countries, it is not likely that vehicle production will restart in the immediate future.
COVID-19 affected outsourcing, exports, and imports, and demand for this sector has dropped sharply. The largest companies operating on the market, to clean up their inventory and maintain cash flow. People’s real disposable income will probably go down, and manufacturers are looking for new solutions that fulfill market demand at a much lower cost.
Request a discount on the report @ https://www.emergenresearch.com/request-discount/5
Further key findings from the report suggest
- Growth is expected to accelerate the rise in demand for eco-friendly LED technologies due to high performance, reduced CO2 levels, and high power.
- Companies tried to build environmentally-friendly LEDs on encouraging product differentiation and improving their global footprint.
- The adaptive headlight is an active safety device intended to improve the visibility of the drivers in poorly lit areas. It includes functionalities, including automatic rotation that can synchronize with sensors, and change brightness and light intensity.
- The Automotive Intelligent Lighting industry in Asia-Pacific is expected to expand. This region will be the industry leader in the continuous expansion of suppliers combined with a broad production base.
- In January 2019, Shapelines bulbs, light work, auxiliary lights, warning light, and accessories were introduced by Hella. The company fitted a demonstration truck with lighting for buses and trailers.
To know more about the report, visit @ https://www.emergenresearch.com/industry-report/automotive-intelligent-lighting-market
For the purpose of this report, Emergen Research has segmented into the global Automotive Intelligent Lighting Market on the basis of Technology, Vehicle Type, Application, and region:
Technology Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
-
- Halogen
- LED
- Xenon
- Others
Application Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
-
- Front/headlamps
- Rear
- Side
- Interior
Vehicle Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
-
- Passenger Cars
- Commercial Vehicles
Request customization of the report @ https://www.emergenresearch.com/request-for-customization/5
Regional Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)
-
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- BENELUX
- Asia Pacific
- China
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- MEA
- Saudi Arabia
- UAE
- Rest of MEA
- North America
Report Highlights:
- Besides offering a vivid depiction of the global Automotive Intelligent Lighting business sphere and its fundamental operations, the latest report provides the industrial chain analysis and list down the current and future market trends and growth opportunities.
- The report includes information on the present and historical market scenarios, which helps forecast the market conditions over the next eight years (2020-2027).
- The report scrutinizes the salient factors influencing the growth of the market in the near future.
- The strategic marketing recommendations, crucial information related to the new market entrants, and expansion plans of various businesses are poised to provide the reader with a competitive edge in the market.
Thank you for reading our report. If you have any requests for customization of the latest report, kindly get in touch with us. Our team will assist you and ensure the report is designed as per your requirements.
About Emergen Research
Emergen Research is a Marketresearch and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer Marketintelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: [email protected]
Facebook | LinkedIn | Twitter | Blogs
Visit for More Insights: https://www.emergenresearch.com/insights
Explore Our Custom Intelligence services | Growth Consulting Services
Latest Reports: Robotic Process Automation In Manufacturing Market | Smart Dust Market
Trending Reports: UAS Traffic Management System Market | Operational Database Management Market