Increasing adoption of advanced driver assistance system and rising concern toward road safety fuel the growth of the global automotive intelligent lighting system market.
PORTLAND, Ore., Nov. 23, 2021 /PRNewswire/ -- Allied Market Research published a report, titled, "Automotive Intelligent Lighting System Market by Technology (Halogen, LED and Xenon), Vehicle Type (Passenger Vehicle and Commercial Vehicle), Product Type (Adaptive Headlight and Intelligent Ambient Lighting) and Sales Channel (OEM and Aftermarket): Global Opportunity Analysis and Industry Forecast, 2021-2030." According to the report, the global automotive intelligent lighting system industry was estimated at $3.65 billion in 2020, and is anticipated to hit $9.25 billion by 2030, registering a CAGR of 9.8% from 2021 to 2030.
Drivers, restraints, and opportunities-
Growing adoption of advanced driver assistance system and rising concern toward road safety drive the growth of the global automotive intelligent lighting system market. On the other hand, high cost & configuration complexities and unorganized aftermarket services restrain the growth to some extent. However, integration of advanced technologies in vehicles is expected to create lucrative opportunities in the industry.
Download Report (278 Pages PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/14339
COVID-19 scenario-
- Huge commute restrictions and expected weak financial performance of the market players in 2020 impacted the global automotive intelligent lighting system market negatively, especially during the initial phase.
- However, the market is expected to recover soon due to high competitiveness among the key players for autonomous driving technology.
Request for Customization at https://www.alliedmarketresearch.com/request-for-customization/14339
The passenger vehicle segment to dominate by 2030-
Based on vehicle type, the passenger vehicle segment held the major share in 2020, accounting for nearly four-fifths of the global automotive intelligent lighting system market, owing to the relatively higher installation of automotive intelligent lighting system in passenger cars. At the same time, the commercial vehicle segment would register the fastest CAGR of 11.5% from 2021 to 2030, due to growing integration of automotive intelligent lighting system in commercial vehicles.
The LED segment to maintain the dominant share-
Based on solution type, the LED segment contributed to more than two-fifths of the global automotive intelligent lighting system market revenue in 2020, and is projected to lead the trail throughout the forecast period. This is attributed to its longer life span and significantly less power consumption capability. The same segment is also projected to grow at the fastest CAGR of 10.5% from 2021 to 2030.
Interested to Procure the Data? Inquire here at https://www.alliedmarketresearch.com/purchase-enquiry/14339
Europe, followed by North America, garnered the highest share in 2020-
Based on region, the market across Europe, followed by North America, contributed to the highest share in 2020, accounting for nearly two-fifths of the global automotive intelligent lighting system market, and is estimated to continue its dominant share in terms of revenue by 2030, owing to increasing sales of luxury cars, growing demand for technological advancements, and the presence of leading players in the region. Simultaneously, Asia-Pacific is expected to showcase the fastest CAGR of 12.9% during the forecast period, due to growing need for vehicles equipped with advanced features across the province, due to increase in sales of premium passenger vehicles across the province.
Key players in the industry-
- DE Amertek Corporation
- Hella GmbH & Co. KGaA
- Johnson Electric Holdings Limited
- Continental AG
- J.W. Speaker Corporation
- Marelli Holdings Co., Ltd.
- Robert Bosch GmbH
- Stanley Electric Co., Ltd.
- Valeo
- Hyundai Mobis Co., Ltd.
Schedule a FREE Consultation Call with Our Analysts to Find Solution for Your Business at https://www.alliedmarketresearch.com/connect-to-analyst/14339
Similar Reports We Have on Automotive Industry:
Vehicle Lighting Tool Market by Type (Halogen Lighting Tool, HID Lighting Tool, and LED Lighting Tool), and Application (Passenger Vehicle and Commercial Vehicle): Global Opportunity Analysis and Industry Forecast, 2021-2030.
Aircraft Cabin Lighting Market by Type (Emergency Lighting and Ordinance Signs, Lavatory Lights, Reading & Dome Lights, Specialty Lighting, and Wash Lighting), Fit (Retro Fit and Line-Fit), and Aircraft Type (Commercial, Military, and Other Aircrafts): Global Opportunity Analysis and Industry Forecast, 2019-2030.
Automotive Lighting Market by Technology (Halogen, Xenon/HID, and LED), Vehicle Type (ICE (Passenger Vehicle, Commercial Vehicle) and Electric Vehicle (Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), and Plug-in Hybrid Electric Vehicle (PHEV)), Application (Front/Headlamps, Rear Lighting, Side, Interior Lighting), and Product Sale (Original Equipment Manufacturers (OEMs) and Aftermarket Products): Global Opportunity Analysis and Industry Forecast, 2018-2030.
Aircraft Lighting Systems Market by Light Type (Interior and Exterior) and Aircraft Type (Wide Body, Narrow Body, Very Large Aircraft, and Regional Jets) - Global Opportunity Analysis and Industry Forecast, 2017-2030.
Navigation Lighting Market by end user (Marine segment, Aerospace segment), by type (Low light intensity, Medium light intensity, and High light intensity) - Opportunity and Forecast, 2017-2030.
Aircraft Exterior Lighting Market by Product (LED, OLED, Electro-Luminescent Lights, Photo Luminescent Lights, and others), Aircraft Type (Commercial, Military, Business, and Others), and Application (Navigation Lights, Strobe Lights, Position Lights, Anti-Collision Lights, Runway Turnoff Lights, Wing Inspection Lights, Formation Lights, Escape Paths, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2030.
Commercial Airport Lighting Market by Type (Airport Beacon, Visual Glidescope Indicator, Visual Approach Scope Indicator (VASI), Precision Approach Path Indicator (PAPI), Runway Lighting, Runway Edge Lighting, Taxiway Lighting, Obstruction Lighting), Divisions (Airside Lighting, Landside Lighting, Terminal Lighting) - Global Opportunity Analysis and Industry Forecast, 2014 - 2030.
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
Follow Us on | Facebook | Twitter | LinkedIn |
Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg
