Automotive Intelligent Lighting System Market Research Report, Information: by Technology (Xenon, LED, Halogen), Type of Light (Intelligent ambient lighting, Adaptive headlight), Vehicle Type (Passenger, Commercial), and Region - Global Forecast till 2030

Automotive Intelligent Lighting System Market Synopsis:

The global automotive intelligent lighting system market is estimated to witness a 7% CAGR during the forecast period.

The automotive intelligent lighting system market is expected to grow in accordance with the automotive industry. An increase in automobile sales has resulted in growing demand for intelligent lighting systems. Besides, the increased adoption of pedestrian and passenger safety features, such as advanced driver-assistance systems (ADAS) and lane departure warning systems in vehicles, is expected to play a key role in the growth of the market for automotive intelligent lighting systems.

On the other hand, one of the major factors hindering the growth of the market, is the high cost associated with the manufacturing and installation of intelligent lighting systems in vehicles. Therefore, the adoption of these lights in some of the cost-sensitive markets such as India, is relatively low. However, with the growing awareness regarding the importance of safety features in automobiles and stringent regulations regarding the same, the scenario in such countries is expected to change over the forecast period.

Automotive intelligent lighting involves the use of artificial intelligence for switching the lights on and off while adjusting the illumination, as per the surroundings. This is an upcoming technology and is considered the basis of the much-awaited autonomous or driverless vehicles. Presently, majority of the vehicles have manual lighting controls, which include adjusting the beam intensity and dimming or brightening the headlights. However, the concept of intelligent lighting is expected to replace the current manual lighting configurations, over the next few years.

The Prominent Players

The global Automotive Intelligent Lighting System market is dominated by prominent players, such as Hella KGaA Hueck & Co. (Germany), Magneti Marelli S.p.A. (Italy), Osram Continental GmbH (Germany), ELBA SA (Romania), Teknoware Oy (Finland), KOITO MANUFACTURING CO., LTD. (Japan), Grupo Antolin (Spain), HYUNDAI MOBIS (Korea), ICHIKOH INDUSTRIES, LTD. (Japan), and STANLEY ELECTRIC CO., LTD. (Japan).

Segmentation: Global Automotive Intelligent Lighting System Market

The global automotive Intelligent lighting system market is segmented on the basis of technology, type of light, vehicle type, end-use, and region. On the basis of technology, the market is segmented into Xenon, LED, and Halogens. On the types of light, the market is further segmented into intelligent ambient lighting and adaptive headlight. The market is segmented on the basis of vehicle type into passenger car, light commercial vehicle and heavy commercial vehicle. On the basis of end-use, the market is segmented into OEM and aftermarket.

Geographically, the global automotive intelligent lighting system market has been segmented into four major regions namely North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific is projected to grow at the highest CAGR over the forecast period. The market is driven by countries, such as China, Japan, and South Korea, which are considered the technological pioneers of the automotive industry in this region. However, emerging countries such as India, Indonesia, and Taiwan are projected to have high growth rates over the next five years.

The Market Research Future report on the global automotive intelligent lighting system market covers extensive primary research. This is accompanied by a detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historical and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.