NEW YORK, May 31, 2021 /PRNewswire/ —
Technavio has been monitoring the automotive laser headlight system market and it is poised to grow by USD 8.48 billion during 2021-2025, progressing at a CAGR of almost 39% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
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Frequently Asked Questions:
Based on segmentation by end-user, which is the leading segment in the market?
Passenger cars are the leading segment in the market.
What are the major trends in the market?
Increase in R&D spending by vendors in headlight technology to drive innovation and application, the laser headlights can be used as proximity sensors for collision avoidance systems, the laser headlight technology to undergo multiple phases of miniaturization are the major trends in the market.
At what rate is the market projected to grow?
The market is projected to accelerate at a CAGR of almost 39%.
Who are the top players in the market?
Arkema SA, Audi AG, BMW AG, Guangzhou Sanvi Electronics Co. Ltd., HELLA GmbH and Co. KGaA, HORPOL J.I.A.T. Horeczy Sp. J., Infineon Technologies AG, Koito Manufacturing Co. Ltd., Koninklijke Philips NV, and Marelli Holdings Co. Ltd. are the top players in the market.
What are the key market drivers and challenges?
The market is driven by precise and targeted illumination. However, the high price of automotive laser headlight systems will hamper the market growth.
How big is the European market?
55% of the market’s growth will originate from Europe during the forecast period.
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The market is concentrated, and the degree of concentration will accelerate during the forecast period. Arkema SA, Audi AG, BMW AG, Guangzhou Sanvi Electronics Co. Ltd., HELLA GmbH and Co. KGaA, HORPOL J.I.A.T. Horeczy Sp. J., Infineon Technologies AG, Koito Manufacturing Co. Ltd., Koninklijke Philips NV, and Marelli Holdings Co. Ltd. are some of the major market participants. Although the factors such as precise and targeted illumination, the incorporation of energy-efficient solutions in automobiles, the laser headlights provide the longest service lives among headlight technologies will offer immense growth opportunities, the high price of automotive laser headlight systems is likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this automotive laser headlight system market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
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Automotive Laser Headlight System Market 2021-2025: Segmentation
Automotive Laser Headlight System Market is segmented as below:
End-user
o Passenger Cars
o Motorcycles
Geography
o Europe
o APAC
o North America
o The Middle East and Africa
o South America
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Automotive Laser Headlight System Market 2021-2025: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The automotive laser headlight system market report covers the following areas:
Automotive Laser Headlight System Market Size
Automotive Laser Headlight System Market Trends
Automotive Laser Headlight System Market Industry Analysis
This study identifies an increase in R&D spending by vendors in headlight technology to drive innovation and application as one of the prime reasons driving the Automotive Laser Headlight System Market growth during the next few years.
Automotive Laser Headlight System Market 2021-2025: Key Highlights
CAGR of the market during the forecast period 2021-2025
Detailed information on factors that will assist automotive laser headlight system market growth during the next five years
Estimation of the automotive laser headlight system market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the automotive laser headlight system market across Europe, APAC, North America, MEA, and South America
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of automotive laser headlight system market vendors
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Table of Contents:
Executive Summary
Market Landscape
Market ecosystem
Value chain analysis
Market Sizing
Market definition
Market segment analysis
Market size 2020
Market outlook: Forecast for 2020 – 2025
Five Forces Analysis
Five forces summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
Market Segmentation by End-user
Market segments
Comparison by End-user
Passenger cars – Market size and forecast 2020-2025
Motorcycles – Market size and forecast 2020-2025
Market opportunity by End-user
Customer landscape
Geographic Landscape
Geographic segmentation
Geographic comparison
Europe – Market size and forecast 2020-2025
APAC – Market size and forecast 2020-2025
North America – Market size and forecast 2020-2025
MEA – Market size and forecast 2020-2025
South America – Market size and forecast 2020-2025
Key leading countries
Market opportunity by geography
Market drivers
Market challenges
Market trends
Vendor Landscape
Overview
Landscape disruption
Vendor Analysis
Vendors covered
Market positioning of vendors
Arkema SA
Audi AG
BMW AG
Guangzhou Sanvi Electronics Co. Ltd.
HELLA GmbH and Co. KGaA
HORPOL J.I.A.T. Horeczy Sp. J.
Infineon Technologies AG
Koito Manufacturing Co. Ltd.
Koninklijke Philips NV
Marelli Holdings Co. Ltd.
Appendix
Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations
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