Automotive Adaptive Lighting Market - SITE LICENSE

The overall demand for automotive adaptive lighting is increasing significantly owing to factors such as growing vehicle sale volume and stringent government regulations. The automotive adaptive lighting market has grown extensively and is on the transition from traditional lighting technologies such as halogen and xenon to LED. Energy efficient LED lighting sources are gaining popularity due to stringent government regulation on emissions. The rapid decline in LED prices is also encouraging the automotive manufacturers for the development of LEDs for different applications in vehicles such as interior/ ambient lighting. The market is estimated to witness growth at a CAGR of 13% over the period of 2017 to 2023. The report is a compilation of market size and future growth potential of the automotive adaptive lighting market and automotive lighting market.
The report provides a detailed market analysis and forecast with respect to various technologies in the lighting market which are halogen, xenon, LEDs, OLED, and laser. The automotive adaptive lighting market by technology is categorized into halogen, xenon, and LED. On the basis of application, the automotive lighting market is segmented into interior lighting and exterior lighting. The exterior lighting segment is further categorized into front lights and rear lights. On the basis of application, the automotive lighting market is segmented into interior lighting and exterior lighting. The exterior lighting segment is further categorized into front lights and rear lights. The automotive adaptive lighting market on the basis of application is segmented into front lights and rear lights.
While highlighting the key driving and restraining forces for this market, the report also provides a detailed study of the different vehicles that are analyzed, which include passenger cars and commercial vehicles. The report also provides a detailed analysis and forecast in terms of revenue generated by the market mainly through two distribution channels which are OEM and aftermarket. The report addresses the following key questions about the global automotive adaptive lighting market:
• What is the global automotive adaptive lighting and automotive lighting market size in terms of value from 2016-2023?

• What is the dominant technology by value for automotive adaptive lighting and automotive lighting market?
• What is the revenue generated by the different applications in the global automotive lighting market 2016-2023?
• Which application will lead by value in the automotive adaptive lighting market by the end of the forecast period?
• What is the revenue generated by the different distribution channel in the global automotive adaptive lighting market 2016-2023?
• What are the different factors driving the market forward in the forecast period?
• What are the major factors challenging the growth of global automotive adaptive lighting market?
• What type of new strategies are being adopted by existing market players to make a mark in the industry?
• Which region will lead the global automotive adaptive lighting market by the end of the forecast period?
The report includes an exhaustive analysis of the geographical split into North America (U.S, Canada, Mexico), Europe (Germany, U.K, France, Italy, Others), Asia-Pacific (China, Japan, South Korea, India Others), South America, and Middle East & Africa. Each geographical region analysis details the individual push and pull forces in addition to the key players from that particular region.
The report examines the role of the leading market players involved in the industry. The company profiles section includes highlights of significant information about the key companies involved along with their financial positions, key strategies & developmental activities of recent years (2014-2016). Some of the key players are Koito Manufacturing Ltd (Japan), Valeo Group (France), Hella KGaA Hueck & Co. (Germany), Magneti Marelli S.p.A (Italy), Stanley Electric Co.(Japan), Zizala Lichtsysteme GmbH (Austria), and SL Corporation (South Korea).
Executive Summary
1 Research Scope & Methodology
1.1 Scope of the Report
1.2 Automotive Adaptive Lighting Market Research Methodology
2 Market Dynamics
2.1 Market Drivers
2.1.1 Increase in Vehicle Sales
2.1.2 Technological Advancements
2.1.3 Constant Decline in Average Selling Price (ASP) of LED Bulbs
2.1.4 Impact of Market Drivers
2.2 Market Challenges
2.2.1 High Cost Associated with Smart Lighting
2.2.2 Fluctuation in the Price of Raw Materials
2.2.3 Impact of Market Challenges
2.3 Market Opportunities
2.3.1 Increased demand of Adaptive Headlights
2.3.2 Wide Ranging Opportunities in Emerging Economies
3 Competitive Insights
3.1 Key Strategies and Developments
3.1.1 Business Expansion
3.1.2 Product Launches & Development
3.1.3 Partnerships, Collaborations & Joint Ventures
3.1.4 Mergers and Acquisitions
3.1.5 Others (Events, Awards, and Achievements)
3.2 Market Share Analysis
3.3 R&D Analysis
4 Industry Analysis
4.1 Opportunity Matrix Analysis
4.2 Supply Chain Analysis
4.3 Product Life Cycle
5 Global Automotive Adaptive Lighting Market Analysis and Forecast
5.1 Assumptions for Analysis and Forecast of the Automotive Adaptive Lighting Market
5.2 Market Overview
5.3 Halogen
5.4 Xenon
5.5 LED
5.6 Laser
5.7 OLED
6 Global Automotive Adaptive Lighting Market, by Application
6.1 Interior Lights
6.1.1 Dashboard Light
6.1.2 Dome Light
6.1.3 Glove Light
6.1.4 Welcome Light
6.2 Front Light
6.2.1 Front Fog Light
6.2.2 Front and Side Indicators
6.2.3 Front Parking Light
6.2.4 Day Time Running Lights (DRL)
6.3 Rear Lights
6.3.1 Brake Light
6.3.2 Rear Indicators
6.3.3 Reverse Light
6.3.4 License Plate Light
6.3.5 Central High-Mounted Stop Lamp (CHMSL)
6.3.6 Rear Fog Lights
7 Global Automotive Adaptive Lighting Market, by Vehicle Type
7.1 Passenger Cars
7.2 Commercial Vehicles
8 Global Automotive Adaptive Lighting Market by Distribution Channel
8.1 OEM
8.2 Aftermarket
9 Global Automotive Adaptive Lighting Market by Geography
9.1 NAFTA
9.1.1 U.S
9.1.2 Canada
9.1.3 Mexico
9.2 Europe
9.2.1 Germany
9.2.2 U.K
9.2.3 France
9.2.4 Italy
9.3 Asia Pacific
9.3.1 China
9.3.2 India
9.3.3 Japan
9.3.4 South Korea
9.4 Middle East & Africa
9.5 South America
10 Company Profiles
10.1 General Electric
10.1.1 Company Overview
10.1.2 Financials
10.1.2.1 Financial Summary
10.1.3 SWOT Analysis
10.2 Grupo Antolin
10.2.1 Corporate Summary
10.3 Hella KGaA Hueck & Co.
10.3.1 Company Overview
10.3.2 Financials
10.3.2.1 Financial Summary
10.3.3 SWOT Analysis
10.4 Hyundai Mobis Co. Ltd.
10.4.1 Company Overview
10.4.2 Financials
10.4.2.1 Financial Summary
10.4.3 SWOT Analysis
10.5 Ichikoh Industries Ltd.
10.5.1 Company Overview
10.5.2 Financials
10.5.2.1 Financial Summary
10.5.3 SWOT Analysis
10.6 Koito Manufacturing Co. Ltd.
10.6.1 Company Overview
10.6.2 Financials
10.6.2.1 Financial Summary
10.6.3 SWOT Analysis
10.7 Koninklijke Philips N.V.
10.7.1 Company Overview
10.7.2 Financials
10.7.2.1 Financial Summary
10.7.3 SWOT Analysis
10.8 Magneti Marelli S.p.A
10.8.1 Company Overview
10.8.2 Financials
10.8.2.1 Corporate and Financial Summary
10.8.3 SWOT Analysis
10.9 Osram Licht AG
10.9.1 Company Overview
10.9.2 Financials
10.9.2.1 Financial Summary
10.9.3 SWOT Analysis
10.10 SL Corporation
10.10.1 Company Overview
10.10.2 Financials
10.10.2.1 Financial Summary
10.10.3 SWOT Analysis
10.11 Stanley Electric Co. Ltd.
10.11.1 Company Overview
10.11.2 Financials
10.11.2.1 Financial Summary
10.11.3 SWOT Analysis
10.12 TA YIH INDUSTRIAL CO. LTD.
10.12.1 Company Overview
10.12.2 Financials
10.12.3 Financial summary
10.13 Valeo Group
10.13.1 Company Overview
10.13.2 Financials
10.13.2.1 Financial Summary
10.13.3 SWOT Analysis
10.14 Varroc Group
10.14.1 Company Overview
10.14.2 Corporate summary
10.14.3 SWOT Analysis
10.15 Zizala Lichtsysteme GmbH
10.15.1 Company Overview
10.15.2 Corporate & Financial Summary
10.15.3 SWOT Analysis
List of Tables
Table 1 Comparison between Various Lightings
Table 2.1 Impact of Market Drivers
Table 2.2 Per Unit Price of Different Lamp Technologies
Table 2.3 Impact of Market Challenges
Table 3.1 Key Business Expansion Activities
Table 3.2 Key Product Launches
Table 3.3 Key Partnerships/Collaborations/Joint Ventures
Table 3.4 Key Mergers and Acquisitions
Table 3.5 Key Awards/Achievements/Events
Table 5.1 Global Automotive Halogen Adaptive Lighting and Lighting Market Size, 2016-2023
Table 5.2 Global Automotive Xenon Adaptive Lighting and Lighting Market Size, 2016-2023
Table 5.3 Global Automotive LED Adaptive Lighting and Lighting Market Size, 2016-2023
Table 5.4 Global Automotive Laser Lighting Market Size, 2016-2023
Table 5.5 Global Automotive OLED Lighting Market Size, 2016-2023
Table 6.1 Global Automotive Lighting Market Size, by Application, 2016-2023
Table 7.1 Global Passenger Car Adaptive Lighting and Lighting Market Size, 2016-2023
Table 7.2 Global Passenger Car Adaptive Lighting and Lighting Market Size, 2016-2023
Table 7.3 Global Commercial Vehicle Adaptive Lighting and Lighting Market Size, 2016-2023
Table 7.4 Global Commercial Vehicle Adaptive Lighting and Lighting Market Size, 2016-2023
Table 8.1 Global OEM Automotive Adaptive Lighting and Lighting Market Size, 2016-2023
Table 8.2 Global OEM Automotive Adaptive Lighting and Lighting Market Size, 2016-2023
Table 8.3 Global Aftermarket Automotive Adaptive Lighting and Lighting Market Size, 2016-2023
Table 8.4 Global Aftermarket Automotive Adaptive Lighting and Lighting Market Size, 2016-2023
Table 9.1 Global Automotive Adaptive Lighting and Lighting Market Size, by Geography, 2016-2023
Table 9.2 Automotive Adaptive Lighting and Automotive Lighting Market Size in the U.S, 2016-2023
Table 9.3 Automotive Adaptive Lighting and Lighting Market Size in the Canada, 2016-2023
Table 9.4 Automotive Adaptive Lighting and Lighting Market Size in Mexico, 2016-2023
Table 9.5 Automotive Adaptive Lighting and Lighting Market Size in Germany, 2016-2023
Table 9.6 Automotive Adaptive Lighting and Lighting Market Size in the U.K, 2016-2023
Table 9.7 Automotive Adaptive Lighting and Lighting Market Size in France, 2016-2023
Table 9.8 Automotive Adaptive Lighting and Lighting Market Size in Italy, 2016-2023
Table 9.9 Automotive Adaptive Lighting and Lighting Market Size in China, 2016-2023
Table 9.10 Automotive Adaptive Lighting and Lighting Market Size in India, 2016-2023
Table 9.11 Automotive Adaptive Lighting and Lighting Market Size in Japan, 2016-2023
Table 9.12 Automotive Adaptive Lighting and Lighting Market Size in South Korea, 2016-2023
Table 9.13 Automotive Adaptive Lighting and Lighting Market Size in Middle East & Africa, 2016-2023
Table 9.14 Automotive Adaptive Lighting and Lighting Market Size in South America, 2016-2023
List of Figures
Figure 1 Global Passenger Car and Commercial Vehicle Sales Volume, 2010-2016
Figure 2 Global Automotive Adaptive Lighting Market Snapshot
Figure.3 Global Automotive Adaptive Lighting Market Size, by Technology
Figure 4 Global Automotive Adaptive Lighting Market Size, by Application
Figure 5 Global Automotive Adaptive Lighting Market Size, by Vehicle Type, 2017 & 2023
Figure 6 Global Automotive Adaptive Market Size, by Distribution Channel, 2017 & 2023
Figure 7 Global Automotive Adaptive Lighting Market, by Geography, 2017
Figure 1.1 Global Automotive Adaptive Lighting Market Scope
Figure 1.2 Top Down and Bottom up Approach
Figure 1.3 Automotive Adaptive Lighting Market Influencing Factors
Figure 1.4 Assumptions and limitations
Figure 2.1 Global Automotive Lighting Market Dynamics
Figure 2.2 Decreasing Average selling Price of LED Bulbs (2009-2020)
Figure 3.1 Organic & Inorganic Strategies Adopted by the Key Players
Figure 3.2 Share of Key Market Strategies & Developments
Figure 3.3 Automotive Lighting Market Share Analysis, 2016
Figure 4.1 Global Automotive Lighting Market Opportunity Matrix, by Country, 2017
Figure 4.2 Global Automotive Lighting Market Opportunity Matrix, by Country, 2023
Figure 4.3 Global Automotive Adaptive Lighting Market Opportunity Matrix, by Country, 2017
Figure 4.4 Global Automotive Adaptive Lighting Market Opportunity Matrix, by Country, 2023
Figure 4.5 Supply Chain Analysis of Automotive Lighting Industry
Figure 4.6 Product Life Cycle Analysis of Automotive Lighting Industry
Figure 5.1 Global Automotive Adaptive Lighting Penetration, by Technology, 2017 & 2023
Figure 5.2 Country Snapshot: Global Automotive Halogen Adaptive Lighting and Lighting Market Size, 2017 & 2023
Figure 5.3 Country Snapshot: Global Automotive Xenon Adaptive Lighting and Lighting Market Size, 2017 & 2023
Figure 5.4 Country Snapshot: Global Automotive LED Adaptive Lighting and Lighting Market Size, 2017 & 2023
Figure 5.5 Country Snapshot: Global Automotive Laser Lighting Market Size, 2017 & 2023 ($Million)
Figure 5.6 Country Snapshot: Global Automotive OLED Lighting Market Size, 2017 & 2023 ($Million)
Figure 6.1 Global Automotive Lighting Market, by Application
Figure 6.2 Global Automotive Lighting Market, by Application
Figure 6.3 Global Automotive Adaptive Lighting Market, by Application
Figure 7.1 Passenger and Commercial Vehicles Sales Volume– Regional Markets Snapshot, 2017 & 2023
Figure 7.2 Passenger and Commercial Vehicles Sales Volume– Country Snapshot, 2017 & 2023
Figure 7.3 Global Automotive Adaptive Lighting Market Penetration, by Vehicle Type 2017 & 2023
Figure 7.4 Global Passenger Car Adaptive Lighting and Lighting Market Size, by Geography in 2016
Figure 7.4 Country Snapshot: Global Passenger Car Adaptive Lighting and Lighting Market Size, 2017 & 2023
Figure 7.5 Global Commercial Vehicle Adaptive Lighting and Lighting Market Size, by Geography in 2016
Figure 7.6 Country Snapshot: Global Commercial Vehicle Adaptive Lighting and Lighting Market Size, 2017 & 2023
Figure 8.1 Global Automotive Adaptive Lighting and Lighting Market Size, by Distribution Channel, 2017 & 2023
Figure 8.2 Global OEM Automotive Adaptive Lighting and Lighting Market Size, by Geography in 2016
Figure 8.3 Country Snapshot: Global OEM Automotive Adaptive Lighting and Lighting Market Size, 2017 & 2023
Figure 8.4 Global Aftermarket Automotive Adaptive Lighting and Lighting Market Size, by Geography in 2016
Figure 8.5 Country Snapshot: Global Aftermarket Automotive Adaptive Lighting and Lighting Market Size, 2017 & 2023
Figure 9.1 Global Automotive Lighting Market, by Geography
Figure 9.2 Global Automotive Adaptive Lighting Market Snapshot, by Geography ($Million)
Figure 9.3 NAFTA: Automotive Adaptive Lighting Market Penetration
Figure 9.4 Heavy-duty Commercial Vehicle Production Volume in Europe by OEMs in 2015
Figure 9.5 Europe: Automotive Adaptive Lighting Market Penetration
Figure 9.7 APAC: Automotive Adaptive Lighting Penetration
Figure 9.8 MEA: Automotive Adaptive Lighting Penetration
Figure 9.9 South America: Automotive Adaptive Lighting Penetration
Figure 10.1 Geographical Footprint of Key Players
Figure 10.2 General Electric, Overall Financials, 2013-2015
Figure 10.3 General Electric, Segment Revenue Mix, 2013-2015
Figure 10.4 General Electric, Geographical Revenue Mix, 2013-2015
Figure 10.5 General Electric Appliances & Lighting, Sub-Segment Revenue Mix, 2015
Figure 10.6 General Electric, Geographical Revenue Mix for Appliances & Lighting, 2015
Figure 10.7 Hella KGaA Hueck & Co., Overall Financials, 2014-2016
Figure 10.8 Hella KGaA Hueck & Co., Segment Revenue Mix. 2014-2016
Figure 10.9 Hella KGaA Hueck & Co, Geographical Mix, 2014-2016
Figure 10.10 Hyundai Mobis Co. Ltd., Overall Financials, 2015-2016
Figure 10.11 Hyundai Mobis Co. Ltd., Segment Revenue Mix, 2015-2016
Figure 10.12 Hyundai Mobis Co. Ltd., Geography Revenue Mix, 2015-2016
Figure 10.13 Ichikoh Industries Ltd., Overall Financials, 2014-2016
Figure 10.14 Ichikoh Industries Ltd., Geographic Segmentation, 2016
Figure 10.15 Koito Manufacturing Co. Ltd., Overall Financials, 2014-2016
Figure 10.16 Koito Manufacturing Co. Ltd., Geographic Revenue Mix, 2014-2016
Figure 10.17 Koninklijke Philips N.V., Overall Financials, 2014-2016
Figure 10.18 Koninklijke Philips N.V., Geographical Revenue Mix, 2014-2016
Figure 10.19 Koninklijke Philips N.V., Segment Revenue Mix, 2014-2016
Figure 10.20 Koninklijke Philips N.V. Lighting, Sub-Segment Revenue Mix, 2016
Figure 10.21 Magneti Marelli S.p.A, Overall Financials, 2013-2015
Figure 10.22 Osram Licht AG, Overall Financials, 2014-2016
Figure 10.23 Osram Licht AG, Geographical Revenue Mix, 2014-2016
Figure 10.24 Osram Licht AG, Segment Revenue Mix, 2016
Figure 10.25 SL Corporation, Overall Financials 2013-2015
Figure 10.26 SL Corporation, Segment Revenue Mix, 2013-2015
Figure 10.27 SL Corporation, Geographic Revenue Mix, 2013-2015
Figure 10.28 Stanley Electric Co. Ltd., Overall Financials, 2014-2016
Figure 10.29 Stanley Electric Co. Ltd., Geographic Revenue Mix, 2014-2016
Figure 10.30 Stanley Electric Co. Ltd., Segment Revenue Mix, 2014-2016
Figure 10.31 Ta Yih Industrial, Overall Financials, 2014-2016
Figure 10.32 Valeo Group, Overall Financials, 2014-2016
Figure 10.33 Valeo Group, Segment Revenue Mix, 2014-2016
Figure 10.34 Valeo Group, Geographical Revenue Mix, 2014-2016
The dynamic evolution of the automobile industry is attributed primarily to changing consumer preferences, growing focus on environment concerns, increased safety, and stringent government regulations. Lighting plays a critical role in the automotive industry and is growing at a rapid pace, driven by safety and design. Rapid technological developments in the automotive lighting industry have witnessed a radical transformation from simple incandescent and gas discharge based light sources to light emitting diodes (LEDs) laser technology and organic light emitting diodes (OLEDs). The price of LEDs have reduced drastically in the past decade, and this trend is expected to continue in the forecast period. In addition to this, this changing paradigm of automotive lighting industry has led to a shift from traditional lighting sources such as incandescent and fluorescent lamps to solid-state light sources, which has resulted in an overall reduction in CO2 emissions, which acts as an important factor in driving the demand for automotive lighting market
The report defines and estimates the market size and future growth potential of automotive adaptive lighting market and automotive lighting market. The global automotive adaptive lighting market is estimated to reach $1.49 billion by 2023. The market is driven by a number of factors such as declining average price of LEDs, technological advancements, and increased vehicle sales volume. High cost associated with smart lighting and fluctuation in the prices of raw materials are some of the major factors which are hampering the overall market growth. However, growth of automotive industry in emerging economies such as India and China also plays an important role, which is expected to boost the market growth in the forecast period.
Figure 1
Global Automotive Adaptive Lighting Market Snapshot

Source: Secondary Research, Expert interviews, and BIS Research Analysis
The automotive lighting market has grown organically and is on a transitional shift from traditional lighting technologies such as halogen and xenon lights to that of LED lighting. On the basis of technology, the automotive lighting market is segmented into halogen, xenon, LEDs, OLED, and laser. The automotive adaptive lighting market by technology is categorized into: halogen, xenon, and LED as the scope for OLED and laser for adaptive lighting is currently low. Halogen light dominated the global automotive adaptive lighting market and contributed 62.3% in 2016 and is expected to continue its dominance in the forecast period. Factors such as low-cost and easy availability are major factors driving the demand for halogen light. LED light segment is expected to grow at the fastest rate in comparison to other light sources for automotive adaptive lighting market in the forecast period. Factors such as declining average price, low energy consumption, and increased service life are driving the demand of LED for automotive adaptive lighting market.
Front light application dominated the automotive lighting market and is also expected to grow at a faster rate in comparison to other applications. Factors such as increased development of technologies such as AFL and its importance in automotive illumination has contributed to being the lion’s share in the automotive lighting market.
The passenger car segment was estimated to be the largest contributor to the overall market revenue. The major factors such as the growing sales of passenger cars especially in the emerging countries, increasing disposable income, and technological advancements boost the overall adaptive lighting market for passenger cars. Commercial vehicles market for adaptive lighting is expected to grow at a faster rate in comparison to passenger cars in the forecast period owing to factors such as increasing government regulations for better automotive safety systems and steadily rising commercial vehicle industry across the globe.
The automotive adaptive lighting revenue is generated mainly through two distribution channels: OEM and aftermarket. The automotive adaptive lighting sales through OEM channel is estimated to generate maximum revenue owing to factors such as increasing safety standards and government regulations and affordable product offerings by OEMs.
This report also covers the global automotive lighting market, by geography and consequently provides the revenue of the key regions which include North America, Europe, Asia-Pacific (APAC), Middle East & Africa, and South America. Europe dominated the global automotive adaptive lighting market with a share of 55.14% in 2016, and is also expected to grow at a faster rate in comparison to other regions between 2017 and 2023. The market in the region is majorly driven by the need for safety against collision due to less visibility especially at night on highways.
Some of the key players in this industry are Koito Manufacturing Ltd (Japan), Valeo Group (France), Hella KGaA Hueck & Co. (Germany), Magneti Marelli S.p.A (Italy), Stanley Electric Co.(Japan), Zizala Lichtsysteme GmbH (Austria), and SL Corporation (South Korea) among others. These companies are aiming for an increased number of product launches and collaborations to expand their operations and prevent new companies from becoming potential future competitors.
North America, Europe, Asia-Pacific (APAC), Middle East & Africa, and South America.
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Global Automotive Adaptive Lighting Market to Grow at a CAGR of 13% from 2017 to 2023
The dynamic evolution of the automobile industry is attributed primarily to changing consumer preferences, growing focus on environment concerns, increased safety, and stringent government regulations. Lighting plays a critical role in the automotive industry and is growing at a rapid pace, driven by safety and design factors. Rapid technological developments in the automotive lighting industry have witnessed a radical transformation from the simple incandescent and gas discharge based light sources to the light emitting diodes (LEDs) laser technology and organic light emitting diodes (OLEDs). The price of LEDs have reduced drastically in the past decade, and this trend is expected to continue in the forecast period.
This changing paradigm of automotive lighting industry has led to a shift from traditional lighting sources such as incandescent and fluorescent lamps to solid-state light sources, which has resulted in an overall reduction in CO2 emissions, which acts as an important factor in driving the demand for automotive lighting market.
The overall demand for automotive adaptive lighting is increasing significantly owing to the factors such as growing vehicle sale volume and stringent government regulations. The automotive adaptive lighting market has grown extensively and is on the transition from traditional lighting technologies such as halogen and xenon to LED. Energy efficient LED lighting sources are gaining popularity due to stringent government regulation on emissions. The rapid decline in LED prices is also encouraging the automotive manufacturers for the development of LEDs for different applications in vehicles such as interior/ ambient lighting.
BIS Research Report: https://bisresearch.com/industry-report/global-automotive-adaptive-lighting-market-2023.html
The market is driven by a number of factors such as declining average price of LEDs, technological advancements, and increased vehicle sales volume. High cost associated with smart lighting and fluctuation in the prices of raw materials are some of the major factors which are hampering the overall market growth. However, growth of automotive industry in emerging economies such as India and China also plays an important role, which is expected to boost the market growth in the forecast period.
According to the market report by BIS Research, titled ‘Global Automotive Adaptive Lighting Market, Analysis and Forecast, 2017–2023’, the market is estimated to witness growth at a CAGR of 13% over the period of 2017 to 2023 and is projected to reach $1.49 billion by 2023. On the basis of technology, the automotive lighting market is segmented into halogen, xenon, LEDs, OLED, and laser. The automotive adaptive lighting market by technology is categorized into: halogen, xenon, and LED as the scope for OLED and laser for adaptive lighting is currently low. Halogen light dominated the global automotive adaptive lighting market and contributed 62.3% in 2016 and is expected to continue its dominance in the forecast period. Factors such as low-cost and easy availability are major factors driving the demand for halogen lights.
Few Companies Mentioned in the Report:
• General Electric
• Grupo Antolin
• Hella KGaA Hueck & Co.
• Hyundai Mobis Co. Ltd.
• Ichikoh Industries Ltd.
• Koito Manufacturing Co. Ltd.
• Koninklijke Philips N.V.
• Magneti Marelli S.p.A
• Osram Licht AG
• SL Corporation
• Stanley Electric Co. Ltd.
• TA YIH INDUSTRIAL CO. LTD.
• Valeo Group
• Varroc Group
• Zizala Lichtsysteme GmbH
Key questions addressed in the report:
• What is the market size for global automotive adaptive lighting and automotive lighting market respectively, in terms of value from 2016-2023?
• What is the dominant technology by value for automotive adaptive lighting and automotive lighting market?
• Which region will lead the global automotive adaptive lighting market by the end of the forecast period?
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Koito Manufacturing Ltd (Japan), Valeo Group (France), Hella KGaA Hueck & Co. (Germany), Magneti Marelli S.p.A (Italy), Stanley Electric Co. (Japan), Zizala Lichtsysteme GmbH (Austria), and SL Corporation (South Korea)
Global Automotive Adaptive Lighting Market to Reach $1.5 Billion by 2023, Reports BIS Research