ID: MRFR/AM/8898-HCR | February 2021 | Region: Global | 100 pages
A laser beam is a light that activates a gas, which then glows bright white, releasing an intense light. Laser lights have the strength that they are much smaller and can illuminate the road much further ahead. The system is a very recent technology as the introduction of laser light is an innovation in automotive lighting. The brightness emitted is almost nearly four times that of an LED today. It ensures that headlights can be made even smaller without affecting the intensity of light. It is important to note is that one is not looking at an actual laser while looking at a laser light. Three blue lasers located at the rear of the assembly shoot on a series of mirrors closer to the front is what happens with each flash.
The laser energy is focused by those mirrors into a lens filled with yellow phosphorus. The yellow phosphorus emits an intense white light when excited by the blue laser. That white light, on a reflector, shines backward. Then the reflector passes more reflected white light forward, shining it as a powerful beam from the front of the headlight casing, yet still able to be looked at by normal eyes. Another important thing that is driving the market for laser headlights is that the vehicle uses just about half the battery power, even though the individual lasers are 1,000 times brighter than LEDs. The immense proportion of battery power can be used to drive the engine when operating a hybrid or a commercial vehicle car.
Global Laser Headlight Market has been segmented by vehicle type, power type, technology type, sales channel, and region. Based on vehicle type, the global laser headlight market can be segmented into passenger vehicles and commercial vehicles. The commercial vehicle segment is expected to register a significant CAGR in the coming years. By power type, the global laser headlight market has been split into 35W, 40W, and 60W. The 35W segment held a sizeable share and is anticipated to grow at a significant CAGR in the coming years. By technology type, the laser headlight market can be bifurcated into intelligent and conventional. The intelligent segment is anticipated to grow at a CAGR in the coming years. By sales channel type, the laser headlight market can be bifurcated into OEM and aftermarket. The OEM segment is anticipated to grow at a significant CAGR in the coming years.
Global Laser Headlight Market is anticipated to register a 30% CAGR between 2020 and 2026.
Increased adoption of innovative safety features in passenger cars is expected to further increase the demand for automotive laser headlights. Additionally, the laser headlights offer high-intensity illumination that further promotes development by increasing the vision range while driving in the dark; this feature of laser headlights primarily drives the growth of the global market. Apart from this, it is also important to notice that, increasingly rising number of incidents worldwide, laser headlights are gaining popularity, forcing manufacturers to introduce more powerful illumination systems into cars.
Based on region, the laser headlight market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. In Asia-Pacific, there is a consistent rise in vehicle production, which is driving the regional market. The European market is considered as a leader in the automotive technological area. Increasing technological developments and adoption of laser headlights are likely to boost the growth of the regional market.
Key players in the GLOBAL laser headlight market are Osram Licht AG (Germany), Hella KGaA Hueck & Co (Germany), KOITO MANUFACTURING CO., LTD (Japan), Koninklijke Philips N.V. (Netherlands), Marelli Holdings Co, Ltd, (Italy), Robert Bosch (Germany), SLD Laser (Germany), Valeo (US), ZKW Group (Germany), and Palomar Technologies (US).
|Market Size||2027: Significant Value|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Vehicle Type, Power Type, Technology Type, Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Osram Licht AG (Germany), Hella KGaA Hueck & Co (Germany), KOITO MANUFACTURING CO., LTD (Japan), Koninklijke Philips N.V. (Netherlands), Marelli Holdings Co, Ltd, (Italy), Robert Bosch (Germany), SLD Laser (Germany), Valeo (US), ZKW Group (Germany), and Palomar Technologies (US)|
|Key Market Opportunities||
|Key Market Drivers||