NEW YORK, Oct. 20, 2023 /PRNewswire/ — The automotive adaptive front lighting system market is estimated to grow by USD 2.84 billion from 2022 to 2027, growing at a CAGR of 8.07%. The automotive adaptive front lighting system market is fragmented owing to the presence of many global and regional companies. A few prominent companies that offer automotive adaptive front lighting system market are ams OSRAM AG, Continental AG, De Amertek Corp., Ford Motor Co., Hyundai Motor Group, Johnson Electric Holdings Ltd., Koito Manufacturing Co. Ltd., Koninklijke Philips N.V., LG Corp., Lumax Industries Ltd., Marelli Holdings Co. Ltd., Mazda Motor Corp., Robert Bosch GmbH, SL Corp., Stanley Electric Co. Ltd., Stellantis NV, Tata Motors Ltd., Texas Instruments Inc., Valeo SA, and Varroc Engineering Ltd..The report provides a full list of key companies, their strategies, and the latest developments. Download FREE Sample Report before buying
Technavio has announced its latest market research report titled Global Automotive Adaptive Front Lighting System Market 2023-2027
Company Offering:
Valeo SA – The company offers automotive adaptive front lighting systems such as Valeo BeamAtic and PictureBeam Monolithic, enhancing visibility and safety while reducing glare for other road users, ensuring a comfortable and secure driving experience.
Continental AG – The company offers automotive adaptive front lighting systems such as Intelligent Headlight Assist, creating precise light patterns that can adapt to various driving situations, such as curves, intersections, and urban environments, enhancing safety and comfort.
ams OSRAM AG – The company offers automotive adaptive front lighting systems such as ams OSRAM EVIYOS 2.0 LED, for precise adaptation to road conditions, weather, and traffic, providing optimal illumination without dazzling other road users.
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By Geography, the market is classified as Europe, North America, APAC, South America, and Middle East and Africa.
Europe is estimated to contribute 32% to the growth of the global market during the forecast period. Due to the high volume of car production, Germany, France, Italian, Spanish, and the UK are major market participants in Europe for Adaptive Front Lighting Systems. There are many global automobile manufacturers such as BMW, AUDI, and Daimler in Europe but also a number of luxury brands. As a result, the adoption of ADAS technology in Europe is one of the largest markets in the world. Additionally, Europe’s regulatory environment is a key factor in increasing the adoption of advanced safety systems in cars. Europe’s New Car Assessment Programme, the NCAP voluntary testing organization that conducts crash tests and assesses appropriate means of transport, is also contributing to the introduction of advanced safety systems in new vehicles. Vehicles fitted with advanced driver assistance systems are given high marks by Euro NCAP. Hence, these factors are expected to drive market growth in the region during the forecast period.
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Impactful driver- Use of AFL systems as product differentiators
Key Trend – Development of AI-enabled ADAS solutions
Major Challenges – High cost associated with repairing ADAS technologies
Market Segmentation
By Application, the market is classified into passenger cars and commercial vehicles. The passenger cars segment is estimated to witness significant growth during the forecast period. Automobile manufacturers are concentrating on improving the safety of passenger cars, as well as putting in place advanced safety systems such as AFL. The regions with the greatest use of ADAS technologies in the passenger car category are developed countries like North America and Europe.
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TOC:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Company Landscape
12 Company Analysis
13 Appendix
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