Automotive Adaptive Front Lighting System Market to grow by USD 2.84 billion from 2022 to 2027, The market is fragmented due to the presence of prominent companies like Valeo SA, Continental AG and ams OSRAM AG, and many more - Technavio
NEW YORK, Oct. 20, 2023 /PRNewswire/ -- The automotive adaptive front lighting system market is estimated to grow by USD 2.84 billion from 2022 to 2027, growing at a CAGR of 8.07%. The automotive adaptive front lighting system market is fragmented owing to the presence of many global and regional companies. A few prominent companies that offer automotive adaptive front lighting system market are ams OSRAM AG, Continental AG, De Amertek Corp., Ford Motor Co., Hyundai Motor Group, Johnson Electric Holdings Ltd., Koito Manufacturing Co. Ltd., Koninklijke Philips N.V., LG Corp., Lumax Industries Ltd., Marelli Holdings Co. Ltd., Mazda Motor Corp., Robert Bosch GmbH, SL Corp., Stanley Electric Co. Ltd., Stellantis NV, Tata Motors Ltd., Texas Instruments Inc., Valeo SA, and Varroc Engineering Ltd..The report provides a full list of key companies, their strategies, and the latest developments. Download FREE Sample Report before buying
Company Offering:
- Valeo SA - The company offers automotive adaptive front lighting systems such as Valeo BeamAtic and PictureBeam Monolithic, enhancing visibility and safety while reducing glare for other road users, ensuring a comfortable and secure driving experience.
- Continental AG - The company offers automotive adaptive front lighting systems such as Intelligent Headlight Assist, creating precise light patterns that can adapt to various driving situations, such as curves, intersections, and urban environments, enhancing safety and comfort.
- ams OSRAM AG - The company offers automotive adaptive front lighting systems such as ams OSRAM EVIYOS 2.0 LED, for precise adaptation to road conditions, weather, and traffic, providing optimal illumination without dazzling other road users.
- For details on companies and their offerings – Buy the report!
By Geography, the market is classified as Europe, North America, APAC, South America, and Middle East and Africa.
- Europe is estimated to contribute 32% to the growth of the global market during the forecast period. Due to the high volume of car production, Germany, France, Italian, Spanish, and the UK are major market participants in Europe for Adaptive Front Lighting Systems. There are many global automobile manufacturers such as BMW, AUDI, and Daimler in Europe but also a number of luxury brands. As a result, the adoption of ADAS technology in Europe is one of the largest markets in the world. Additionally, Europe's regulatory environment is a key factor in increasing the adoption of advanced safety systems in cars. Europe's New Car Assessment Programme, the NCAP voluntary testing organization that conducts crash tests and assesses appropriate means of transport, is also contributing to the introduction of advanced safety systems in new vehicles. Vehicles fitted with advanced driver assistance systems are given high marks by Euro NCAP. Hence, these factors are expected to drive market growth in the region during the forecast period.
Download a FREE sample report to get more insights on the market share of various regions and the contribution of the segments.
- Impactful driver- Use of AFL systems as product differentiators
- Key Trend - Development of AI-enabled ADAS solutions
- Major Challenges - High cost associated with repairing ADAS technologies
Market Segmentation
- By Application, the market is classified into passenger cars and commercial vehicles. The passenger cars segment is estimated to witness significant growth during the forecast period. Automobile manufacturers are concentrating on improving the safety of passenger cars, as well as putting in place advanced safety systems such as AFL. The regions with the greatest use of ADAS technologies in the passenger car category are developed countries like North America and Europe.
Technavio Research experts have provided more insights on the market share of segments - View FREE Sample Report
Related Reports
The automotive laser headlight system market size is estimated to grow at a CAGR of 28.19% between 2022 and 2027. The market size is forecast to increase by USD 8,200.96 million.
The automotive anti-pinch power window system market size is estimated to grow at a CAGR of 10.51% between 2022 and 2027. The market size is forecast to increase by USD 2,367.04 million.
TOC:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Company Landscape
12 Company Analysis
13 Appendix
About US
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact US:
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com
SOURCE Technavio
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article