The market for adaptive front light is expected to grow at a CAGR of around 12.8% from 2020 to 2027 and expected to reach the market value of around US$ 3,723.4 Mn by 2027.
The adaptive front light system is designed to reduce the risk of accidents by optimizing the distribution of light from the headlights according to driving circumstances. According to the vehicle speed and steering input, the system points headlights in the direction the driver intends to travel. These have been designed to make driving safer at night or in dim light conditions by increasing visibility around curves and over hills.
The constant evolution of advanced lighting solutions in automotive by manufacturers is particularly driving the market growth. The increasing number of accidents coupled with the rising focus of users towards more advanced and safety featured solutions is additionally supporting the market value. The stringent safety rules and regulation by government of several developed and developing economies is further accelerating the market value. Moreover, rising disposable income coupled with the increasing purchasing power of people in emerging economies is anticipated to create potential opportunities over the forecast period.
On the other side, the high cost associated with the advanced lighting solutions is projected to hamper the growth over the estimated timeframe from 2020 to 2027.
Passenger vehicle segment is anticipated to register fastest growth over the forecast timeframe
By vehicle type, the passenger vehicle is projected to exhibit the fastest growth over the forecast period with a major CAGR from 2020 to 2027. The rapidly increasing demand for passenger vehicles, particularly in emerging economies is driving the market value. The increasing focus of manufacturers of passenger cars towards the incorporation of safety features into their final product is further supporting the market value. Additionally, the increasing demand for advanced lighting by the users due to the increasing number of accidents is further contributing to the segmental market value.
The market research study on “Adaptive Front Light Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 – 2027”, offers a detailed insight into the global Adaptive Front Light market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights into the global Adaptive Front Light market, its product type, vehicle type, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global Adaptive Front Light market size and volume, and segments markets by product type, vehicle type and geography along with the information on companies operating in the market. The Adaptive Front Light market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. For each region, the market size and volume for different segments have been covered under the scope of the report.
Asia Pacific is anticipated to dominate the global adaptive front light market in terms of value
Asia Pacific is projected to lead the global adaptive front light market with major CAGR over the forecast period. The increasing production of vehicles in the regional market is particularly supporting market growth. The emerging economies and increasing disposable income in the regional market are propelling the market value. The major countries including Japan, China, and India are majorly contributing to the regional market value. Apart from these, favorable government support, increased safety standards are further bolstering the regional market value.
The players profiled in the report include Continental, De Amertek Corp, Denso Corporation, Fraunhofer-Gesellschaft, HELLA GmbH & Co. KGaA, Hyundai Mobis, Johnson Electric, Koito Manufacturing, Magneti Marelli, Neolite ZKW, Robert Bosch, Stanley Electric, Texas Instruments Incorporated, and Valeo.
Market By Product Type
Organic LED (OLED) Headlight
Market By Vehicle Type
Market By Geography
• Rest of Europe
• South Korea
• Rest of Asia-Pacific
• Rest of Latin America
Middle East & Africa
• South Africa
• Rest of Middle East & Africa
The market for adaptive front light is expected to reach the market value of around US$ 3,723.4 Mn by 2027.
The adaptive front light market is expected to grow at a CAGR of around 12.8% from 2020 to 2027.
The passenger vehicle segment is expected to lead by vehicle type in the adaptive front light market.
The constant evolution of advance lighting solutions in automotive by manufacturers, increasing number of accidents, rising focus of users towards the more advance and safety featured solutions, and the imposition of stringent safety rules and regulation by government of several developed and developing economies are some of the factors driving the market value.
Continental, De Amertek Corp, Denso Corporation, Fraunhofer-Gesellschaft, HELLA GmbH & Co. KGaA, Hyundai Mobis, Johnson Electric, Koito Manufacturing, Magneti Marelli, Neolite ZKW, Robert Bosch, Stanley Electric, Texas Instruments Incorporated, and Valeo are some of the prominent players in the market.
Asia Pacific held the highest market share in the adaptive front light market.
Asia Pacific is expected to be the fastest growing market over the forecast period.