ID: MRFR/AM/3884-HCR | February 2021 | Region: Global | 111 pages
The Adaptive Front-lighting System (AFS) is a part of the active safety system of a middle-high end passenger car that provides an optimized vision to the driver during night time other poor-sight conditions of the road. This is done by adapting the headlight angle or intensity, and judging the speed of the car, the steering wheel angle, the weather condition. Adaptive Front-lighting System in vehicles optimize distribution of light from the headlights, according to driving circumstances. Depending on vehicle speed and steering input, the system points the low-beams headlights in the direction the driver intends to travel. The market for adaptive front light has registered high growth rate, mainly due to the booming automotive industry and growing awareness among individuals. Favorable government policies combined with increasing demand for safety features in vehicles has also push the sales in the automotive adaptive front light system market.
High initial cost associated with automotive adaptive front light, may act as a major restraining factor in the automotive adaptive front light market.
The global automotive adaptive front light market has been segmented on the basis of type as Halogen and LED. On the basis of vehicle type the market has been segmented as passenger vehicle and commercial vehicle. On the basis of region the market for adaptive front light has been segmented as North America, Europe, Asia Pacific, Middle East & Africa and South America.
Automotive Adaptive Front Light market is currently booming in the Asia Pacific region. Rapidly rising vehicle production in this region, is one of the primary driving factors. Improving infrastructure in this region, combined with improving living standards have, positively, impacted the automotive industry as a whole. Increasing incidences of vehicle electrification in the Asia Pacific region is also expected to, positively, impact the automotive adaptive front light market. Availability of cheap labor in this region, has also been a key factor in the automotive adaptive front light market.
North America and Europe are the other two leading regions, mainly due to the established automotive industry. Existence of major manufacturers in this region, is also a key driver for the Automotive Adaptive Front Light industry. Heavy investment in research and development enable manufacturers in this region to develop new techniques and products to tap into the future market trends.
The automotive industry is at a nascent stage in the Middle East and the South America. The market for Automotive Adaptive Front Light is expected to register a steady growth during the forecast period. These regions are expected to have opportunities in the future, with many automotive manufacturers pumping investments to capitalize on the abundant demand in these regions.
The key players of global Automotive Adaptive Front Light market are Saicheng Autoparts (China), Hella (Germany), Koito Manufacturing (Japan), Magneti Marelli (Italy), Stanley Electric (Japan), North American Lighting (U.S.), Varroc (U.S.), OSRAM (Germany), Valeo (France), Neolite (China). In 2016, these companies accounted for a share of XX% of the global market.
The report for Global Automotive Adaptive Front Light Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
|Market Size||2030 : Significant Value|
|CAGR||Substantial CAGR (2022-2030)|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Technology, By End Market, By Application, By Vehicle type|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Saicheng Autoparts (China), Hella (Germany), Koito Manufacturing (Japan), Magneti Marelli (Italy), Stanley Electric (Japan), North American Lighting (U.S.), Varroc (U.S.), OSRAM (Germany), Valeo (France), Neolite (China).|
|Key Market Opportunities||
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
The Asia Pacific region is estimated to hold the upper hand in the forecast period.
The revenue share of the market in the coming future shows the chance of optimistic development.
A productive CAGR is predicted to create impetus in the global market through the forecast period.
Magneti Marelli (Italy), Varroc (U.S.), Stanley Electric (Japan), Koito Manufacturing (Japan), and North American Lighting (U.S.) are bolstering the market progress.
The need to have ideal lighting in diverse scenarios is predicted to increase the market share