Technological advancement associated with automotive headlights coupled with increasing demand for premium cars are likely to stimulate demand.

The global Automotive Adaptive Headlight market is expected to reach USD 4.13 Billion by 2028, according to a new report by Reports and Data. Technological innovations associated with automotive lighting industry are anticipated to stimulate market demand.  For example, 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.

However, high price of raw materials is expected to affect market growth.  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

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Market Overview:

The information and communication technology sector is rapidly gaining traction owing to increasing concerns about data security, rapid advancements in ICT sector and high demand of advanced services and devices. Over the recent years, there has been rising concerns about data breaching in hospitals, corporates, multinational companies and various industries. Revenue growth of the global market is significantly driven by increasing adoption of digitalization, high penetration of internet and smart devices and advanced technologies such as internet of things (IoT) and Artificial Intelligence. In addition, extensive use of ICT in several sections such as healthcare and hospital, agriculture, financial services among others, rising demand for cloud computing services for handling large data and rising investments in research and development activities are expected to fuel market growth.

Competitive Landscape:

The global Automotive Adaptive Headlight market is extremely competitive and comprise various global and regional players. These market players are adopting various strategies such as mergers and acquisitions, collaborations, partnerships joint ventures, collaborations, and research and development investments to strengthen their market position and expand their product base. Some of the key companies operating in the global Automotive Adaptive Headlight market include: Magneti Marelli S.p.A, Varroc Engineering Limited, HELLA Group, SL Corporation, Stanley Electric Co., Ltd, Koito Manufacturing Co., Ltd. and Valeo. Koito Manufacturing Co., Ltd 

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Global Automotive Adaptive Headlight market segmentation:

Product Outlook (Revenue, USD Billion, 2018-2028)

• Halogen Headlight
• Xenon Headlight
• LED Headlight
• Others

System Outlook (Revenue, USD Billion, 2018-2028)

• Highway Light
• Rural Lights
• High Beam
• Bend Lighting
• Adverse Weather Lights

Application Outlook (Revenue, USD Billion, 2015-2026)

• Floor Passenger Vehicles
• Light Commercial vehicles
• Trucks and Buses
• Two-wheelers
• Others

 Regional Outlook:

·       North America

o   U.S.

o   Canada

o   Mexico

·       Europe

o   Germany

o   Italy

o   U.K.

o   Rest of EU

·       Asia Pacific

o   India

o   China

o   Japan

o   South Korea

o   Rest of APAC

·       Latin America

o   Brazil

o   Argentina

o   Rest of Latin America

·       Middle East & Africa

o   Saudi Arabia

o   South Africa

o   U.A.E

o   Rest of MEA

Further key findings from the report suggest

·       Two-wheelers vehicle is projected to be one of the fastest growing application of the Automotive Adaptive Headlight market. The segment is projected to grow at a CAGR of 6.3% in the forecast period. The major contributors to the demand of two wheelers are the countries in Asia-Pacific region which will continue to dominate the worldwide demand in future.

·       North American market is forecasted to grow at a CAGR of 4.5% in the coming years. The United States has one of the largest automotive markets in the world, and is home to many global vehicle and auto parts manufacturers. U.S. light vehicle production reached almost 12 million passenger vehicles in 2016. Light vehicle sales reached 17.5 million units in 2016.

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