Global Automotive Adaptive Lighting Market to Reach $1.5 Billion by 2023, Reports BIS Research - Seite 2

The landscape of the automotive adaptive lighting market has transformed drastically with the integration of modern technologies in the lighting industry. The LED light segment is expected to grow at the fastest rate in comparison to other light sources for automotive adaptive lighting market in the forecast period. Factors such as declining average price, low energy consumption, and increased service life are driving the demand of LED for automotive adaptive lighting market.

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The increased adoption of intelligent lighting technology is attributed to the associated advantages such as cost reduction, energy price fluctuations, supply shortage reduction, and carbon emissions reduction. Geographically, Europe dominated the global automotive adaptive lighting market and is also expected to grow at the fastest rate in the forecast period. The market in the region is majorly driven by the governmental regulations and a need for safety against collision due to less visibility, especially at night on highways.

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The market intelligence report provides a detailed analysis of the key growth drivers and restraining forces of the global automotive adaptive lighting market, with an extensive insight into various forms of developments, trends and key participants in the market. The market has been divided along the lines of technology, application, vehicle type, and distribution channel. The market report includes a thorough analysis of the market size, along with market estimation based on key geographical regions. Incorporating a detailed financial analysis of key players in the market, the report provides an individual SWOT analysis of each company. Some of the key players analyzed in the report are Koito Manufacturing Ltd (Japan), Valeo Group (France), Hella KGaA Hueck & Co. (Germany), Magneti Marelli S.p.A (Italy), Stanley Electric Co. (Japan), Zizala Lichtsysteme GmbH (Austria), and SL Corporation (South Korea).