Adaptive Headlights Market is projected to reach a value of USD 4,388.9 Million by 2026, registering a 20.42% CAGR during the forecast period.
Adaptive headlights are active safety features that are particularly designed to make driving at night and other low-light conditions safe by increasing the visibility around curves and over hills. When driving around a turn in the road, the normal headlights tend to shine straight ahead, illuminating the side of the road. Adaptive headlights, on the other hand, enables the turning of the beams according to the steering input so that the vehicle’s actual path is lit up.
The demand for adaptive headlights is limited in certain regions where the vehicle's cost is still a more prominent factor than the safety of the driver and vehicle. However, the scenario is changing with a rise in the number of road accidents and awareness regarding vehicle safety. Such a change is expected to shift the impact of road accident deaths on the global adaptive headlights market from moderate to high over the forecast period.
Global Market for Adaptive Headlights has been segmented based on Type, Vehicle Type, and Sales Channel.
Based on type, the global adaptive headlights market has been segmented into LED, xenon, and halogen. In 2019, the halogen segment accounted for the largest market share of 49.95%, with a market value of USD 1,049.3 million. It is projected to register a 17.64% CAGR during the projected timeframe.
Based on vehicle type, the global market has been divided into passenger car and commercial vehicle. In 2019, the passenger car segment accounted for a considerable market share of 68.00%, with a market value of USD 1,428.5 million. It is projected to register a 19.40% CAGR over the forecast period.
Based on sales channel, the global adaptive headlights market has been bifurcated into OEM and aftermarket. In 2019, the OEM segment held the larger market share of 80.58%, with a market value of USD 1,692.6 million. It is projected to register a 21.40% CAGR during the projected timeframe.
Based on region, the report on the adaptive headlights market has been segmented into Asia-Pacific, North America, Europe, and the rest of the world.
The growth of the vendors is dependent on market conditions, government support, and industrial development. Thus, the vendors should focus on expanding their presence and improving their services. Robert Bosch GmbH, General Electric, HELLA GmbH & Co. KGaA, Koito Manufacturing Co., Ltd., OSRAM Licht AG, and Valeo are a few of the key players operating in the global market.
Global Adaptive Headlights Market, By Region, 2019
Source: MRFR Analysis
Europe comprises Germany, France, the UK, Italy, and Spain. Europe is considered as the automotive hub of the world. Major adaptive headlight players, such as Robert Bosch GmbH, HELLA GmbH & Co. KGaA, OSRAM Licht AG, and Valeo, are headquartered in this region. Additionally, the growing demand for headlights, parts, and components from premium German OEMs, such as Mercedes, Audi, and BMW, pushes global market players to enhance and develop their operation network in Europe. Germany is mainly known for its vehicle manufacturing.
The growth of the auto component manufacturing industry in Asia-Pacific is mainly driven by the growing automobile manufacturing industry, especially in countries such as China, India, and Malaysia. Due to this, the global automotive component manufacturers have established their production plants and distribution networks in Asia-Pacific. The market has been experiencing rapid growth in the last two years due to the increasing usage of lighting on vehicles, increasing popularity of LED lights, and technological advancements, giving a much-needed thrust to the adaptive headlights market.
Global Market for adaptive headlights has been segmented based on type, vehicle type, and sales channel. Laser lighting as one of the future headlamp solutions is one of the most promising breakthroughs in automotive lighting and the next major move after halogen, xenon, and LED headlight technologies. The advantage of laser lights is that their brightness is almost four times that of an LED. Lasers use less electricity compared to older light forms, saving battery power. Moreover, these headlights will have the longest range provided by any current headlight technology. This offers the driver improved visibility, resulting in increased road traffic safety. Some of the major car manufacturers have started incorporating laser technology in their vehicles.
Key Questions Addressed by the Report
|Market Size||2026:USD 4,388.9 Million|
|CAGR||20.42% CAGRCAGR (2020-2027)|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type , Vehicle Type , Sales and sales channel|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Robert Bosch GmbH, General Electric, HELLA GmbH & Co. KGaA, Koito Manufacturing Co., Ltd., OSRAM Licht AG, and Valeo|
|Key Market Opportunities||Considerable surge in the demand for environment friendly vehicles|
|Key Market Drivers||Growth of the auto component manufacturing industry|
Frequently Asked Questions (FAQ) :
The automotive adaptive headlights market is mostly benefitted from factors like changing government regulations coupled with the end user’s demand for of improved safety in automobiles.
Considerable surge in the demand for environment friendly vehicles, penetration of global auto-manufacturers into the emerging markets along with the rising adoption of advanced technology in vehicles are expected to create lucrative opportunities in the global market.
By 2026, the market valuation is estimated to be USD 4,388.9 Million by 2026.
The market has the potential to achieve a CAGR of 20.42% in the forthcoming years.
The companies that have been recognized to be the leaders in the global market are Magneti Marelli (Italy), Stanley Electric (Japan), Koito Manufacturing Co., Ltd (Japan), Zizala Lichtsysteme GmbH (Austria), OSRAM Licht AG (Germany), Varroc Lighting Systems (US), Johnson Electric Holdings Limited (China), SL Corporation (South Korea), HELLA KGaA Hueck & Co. (Germany), Stanley Electric Co. Ltd. (Japan), North American Lighting (US), General Electric Company (US), Valeo Group (France), ZKW Group (Austria), KOITO MANUFACTURING CO., LTD (Japan), and others.