Automotive Adaptive Lighting Market Size worth USD 5.64 Billion in 2032 | Emergen Research

Vancouver, Dec. 04, 2023 (GLOBE NEWSWIRE) -- The Global Automotive Adaptive Lighting Market is projected to reach USD 5.64 billion in 2032. The continual development in automotive lighting applications, rising usage of the luxury passenger vehilces, increasing demand of automation in automobiles, demand of concept cars from high-income consumers and extensive growth in electric cars are boosting the demand of Automotive Adaptive Lighting Market. Technological innovations associated with automotive lighting industry are anticipated to stimulate market demand. For instance, a technology known as ‘laser matrix’ is improving the safety of high-beam driving. The technology combines laser lights, digital light processing and micro mirrors into a lighting architecture that has both light and dark zones. The system automatically masks-out areas in front of the vehicle, such as on-coming cars, to avoid blinding drivers and pedestrians; and intensifies light into traffic signs or dangerous situations.

The need for more energy efficient lighting and high performance lighting technologies has increased the demand for certain materials considered critical in LED industry. The demand has led to an increase in raw material costs which has in turn resulted in a upsurge of price increase through the LED lighting industry.

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Scope of Research

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Major Companies and Competitive Landscape

The market for Automotive Adaptive Lighting Market is fairly in the fragmented side, with a number of conglomerates as well as medium-sized companies, which account for a major global share of the market. The crucial players involved in the Automotive Adaptive Lighting Market are desegregated across the value chain. The key companies of the market are well-equipped with large production facilities and are also engaged in various research & development activities. Some of the prominent players in the market include:

• Magneti Marelli S.p.A,
• Varroc Engineering Limited
• HELLA Group
• SL Corporation
• Stanley Electric Co., Ltd
• Koito Manufacturing Co., Ltd.
• Valeo
• Zizala Lichtsysteme GmbH
• OSRAM Light AG

Strategic Development

In January 2019, Valeo enetered into an agreement with Cree Inc to develop the first complete high definition (HD) LED array solution for automotive lighting system.

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Some Key Highlights from the Report

• Halogen Headlight is projected to grow significantly in the forecast period. Halogen headlight increases the effective luminous efficacy of a tungsten filament when operating at a higher filament temperature which results in more lumens output per watt input. Additionally, a tungsten-halogen lamp has a much longer brightness lifetime than similar filaments operating without the halogen regeneration cycle.
• The demand for Special Utility Vehicles (SUVs) has surged in recent times due to the increasing leisure and tour activities globally. Small cars are also growing at a fast pace as they find less traffic on the road as compared to large passenger vehicles.
• Growing demand for premium cars is anticipated to create growth opportunities for the growth of the market. The demand for ultra-luxury cars demand has witnessed a significant increase. The clients of brands like Bentley, Aston Martin, Bugatti or Ferrari are looking for status but also for the latest features available in the market. The manufacturers are not only providing models with better new products but they are also evolving their products in terms of powertrain and segmentation.

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For the purpose of this report, Emergen Research has segmented into the global Automotive Adaptive Lighting Market on the basis of Product, Application, Vehicle Type, and region:

• Product Outlook (Revenue: USD Billion; Volume: Thousand Units; 2019-2032)
  • Halogen Headlight
  • Xenon Headlight
  • LED Headlight
  • Others 
• Application Outlook (Revenue: USD Billion; Volume: Thousand Units; 2019-2032)
  • Exterior Lighting             
    1. Headlights
    2. Fog Lights
    3. Day Time Running Lights (DRL)
    4. Taillights
    5. Sidelights
    6. Centre High-Mount Stop Light (CHMSL)
  • Interior Lighting              
    1. Dashboard
    2. Glovebox
    3. Reading Lights
    4. Dome Lights
• Vehicle Type Outlook (Revenue: USD Billion; Volume: Thousand Units; 2019-2032)
  • Passenger Vehicles
  • Light Commercial vehicles
  • Trucks and Buses
  • Two-wheelers
  • Others
• Regional Outlook (Revenue: USD Billion; Volume: Thousand Units; 2019-2032)
  • North America
    1. U.S.
    2. Canada
  • Europe
    1. UK
    2. Germany
    3. France
    4. BENELUX
  • Asia Pacific
    1. China
    2. Japan
    3. South Korea
    4. Rest of APAC
  • Latin America
    1. Brazil
    2. Rest of LATAM
  • MEA
    1. Saudi Arabia
    2. UAE
    3. Rest of MEA

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