Automotive Adaptive Lighting Market Top Companies 2027 by Emergen Research

The Global Automotive Adaptive Lighting Market is projected to reach USD 3.91 billion in 2027. The continual development in automotive lighting applications, rising usage of the luxury passenger vehilces, increasing demand of automation in automobiles, demand of concept cars from high-income consumers and extensive growth in electric cars are boosting the demand of Automotive Adaptive Lighting Market. Technological innovations associated with automotive lighting industry are anticipated to stimulate market demand. For instance, a technology known as ‘laser matrix’ is improving the safety of high-beam driving.

The technology combines laser lights, digital light processing and micro mirrors into a lighting architecture that has both light and dark zones. The system automatically masks-out areas in front of the vehicle, such as on-coming cars, to avoid blinding drivers and pedestrians; and intensifies light into traffic signs or dangerous situations.

The leading players in the market include Magneti Marelli S.p.A, Varroc Engineering Limited, HELLA Group, SL Corporation, Stanley Electric Co., Ltd, Koito Manufacturing Co., Ltd., Valeo, Zizala Lichtsysteme GmbH, and OSRAM Light AG, among others.

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The need for more energy efficient lighting and high performance lighting technologies has increased the demand for certain materials considered critical in LED industry. The demand has led to an increase in raw material costs which has in turn resulted in a upsurge of price increase through the LED lighting industry.

Product Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)

1. Halogen Headlight
2. Xenon Headlight
3. LED Headlight
4. Others

Application Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)

1. Exterior Lighting
2. Headlights
3. Fog Lights
4. Day Time Running Lights (DRL)
5. Taillights
6. Sidelights
7. Centre High-Mount Stop Light (CHMSL)
8. Interior Lighting
9. Dashboard
10. Glovebox
11. Reading Lights
12. Dome Lights

Vehicle Type Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)

1. Passenger Vehicles
2. Light Commercial vehicles
3. Trucks and Buses
4. Two-wheelers
5. Others

Regional Outlook (Revenue, USD Billion; 2017-2027)

1. North America
2. Europe
3. Asia Pacific
4. Latin America
5. MEA

North America is projected to command the market expansion over the projected timeline attributable to the soaring implementation of Ground-based Monitoring Systems and Sensing and Imagery Systems to enhance the productivity of the agricultural sector. The augmented adoption of smart and precision farming, coupled with the presence of significant market players, is contributing to the progress of the market in the region. The Asia Pacific region is forseen to be the fastest-growing market due to rising initiatives for water conservation in the region. 

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Key Highlights from the Report

1. In November 2019, Mammoet, who is a global market leader for lifting and transporting heavy objects, entered into a partnership with the SGS group. SGS Group is helping the company with the construction of a large oil refinery in Nigeria.
2. The ground-based monitoring system segment held the largest market share of 55.2% in 2019. Growing adoption of the Ground-based Monitoring Systems among the skilled farmers in the developed economies to increase agricultural productivity and enhance crop quality is expected to drive the growth of the segment.
3. Services are forecasted to grow with the fastest CAGR of 13.8% over the forecast period. Increasing utilization of the Internet of things (IoT) enabled devices for agricultural and non-agricultural purposes, and the growing number of connected agriculture devices is expected to drive the growth of the services segment in the Automotive Adaptive Lighting market.
4. The agricultural segment accounted for the largest market share in 2019. The rising global population, along with the rising demand for food, is expected to increase the adoption of smart agricultural practices.
5. The Asia Pacific region is expected to be the fastest-growing region over the forecast period. The region is continuously striving to increase agricultural productivity by implementing technologically advanced agricultural practices.