Automotive Intelligent Lighting System Market Growth, Industry Share, Expected CAGR, Future Investment to 2027
Automotive Intelligent Lighting System Industry Highlights:
Automotive intelligent lighting systems are one of the recent developments in the automotive industry. These systems are designed in a way that they automatically switch the vehicle lights on, whenever the surroundings get darker. Similarly, they also help in adjusting the lamination level, as per the external environment. This makes it easier for the driver and the pedestrians to spot each other on the roads, reducing the chances of mishaps.
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Growing automotive sales, particularly in the Asia-Pacific, has been one of the major drivers of this market. Besides, stringent regulations regarding pedestrian safety by governing bodies have compelled the automotive OEMs to install these features. Growing sales of luxury vehicles due to increased spending power of consumers has also played a key role in providing the necessary momentum to the market, globally.
The Global Automotive Intelligent Lighting System market size is expected to witness ~7.0% CAGR during the period, 2020–2027.
Key Players
The global automotive Intelligent lighting market share is dominated by prominent players such as Hella KGaAHueck& Co. (Germany), Magneti Marelli S.p.A. (Italy), Osram Continental GmbH (Germany), ELBA SA (Romania), Teknoware Oy (Finland), KOITO MANUFACTURING CO., LTD. (Japan), Grupo Antolin (Spain), HYUNDAI MOBIS (Korea), ICHIKOH INDUSTRIES, LTD. (Japan), and STANLEY ELECTRIC CO., LTD. (Japan).
Market Research Analysis
In terms of region, the global market for automotive intelligent lighting system is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. Europe is expected to account for a significant share of the market over the forecast period. This region is dominated by major countries in the automotive sector, such as Germany, France, and the UK and has been at the forefront of the technological developments in automotive. This region is also home to some of the major players in the global automotive intelligent lighting system market, including KGaAHueck& Co., Magneti Marelli S.p.A., and Osram Continental GmbH.
Asia-Pacific is expected to grow at the highest CAGR over the next five years. This region is characterized by improving standards of living, resulting in higher spending on automobiles. Besides, emerging economies such as China and India have provided form an attractive opportunity to global players to setup plants and manufacturing facilities in this region.
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Scope of the Report
This study provides an overview of the global automotive Intelligent Lighting System market growth, tracking four market segments across four geographic regions. The report studies key players and provide a five-year annual trend analysis, which highlights market size and share for North America, Europe, Asia-Pacific, and the Rest of the World. The report also provides a forecast, which focuses on the market opportunities for the next five years for each region. The scope of the study segments the global automotive Intelligent Lighting System market by fluid type, product type, vehicle type, sales channel, and region.
By Technology
Xenon
LED
Halogens
By Vehicle type
Passenger Car
Light Commercial Vehicle
Heavy Commercial Vehicle
By End User
OEM
Aftermarket
By Type Of Light
Intelligent ambient lighting
Adaptive headlight
By Regions
North America
Asia-Pacific
Europe
Rest of the World
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