The global Automotive Laser Headlight market sie is poised to surpass around US$ 27 Bn by 2027, expanding at a CAGR of above 34.12% during the forecast period 2020 to 2027.
Automotive laser headlights offer high energy efficiency, which is beneficial for the end consumers and for OEMs simultaneously, accelerating the demand of the laser headlights in automobiles. Sequentially, the rising adoption of laser headlights by automotive OEMs is further boosting the market value. However, the cost factor is a concern for the end customers as the laser headlights are costly compared to the conventional lighting systems, which is a primary factor likely to hinder the growth of the market.
The growth of automotive laser headlight market is witnessed due to increasing incidences of road accidents in night time, road safety awareness, government stringent policies toward the road safety and other road safety guidelines. Globally, rise in younger population is also being considered as one of the major factor that is likely to boost the demand for automotive laser headlight as aged population is more susceptible to retinal breaks and require effective care.
The implementation of safety systems including laser headlight by the automobile industry has rapidly increased. Since laser headlight ensure to increase the visibility of the passengers in night time, customers are frequently looking for such advanced safety features and are also willing to pay. Another factor that is contributing to the growth of this market is the stiff competition among the automobile manufacturers. The manufacturers are continuously upgrading their models so as to cater to the huge demand of innovative safety features that can be used for various applications.
Organizations such as New Car Assessment Program (NCAP), are investing in research and development to design automobiles possessing various safety features. The increasing use of sensors due to the advancements in technology is another factor that is contributing to the growth of this market. Government initiatives for passenger safety and comfort attributes of the Sales Channel are encouraging manufacturers to implement such integrated systems that can ensure safety as well as comply with such regulations.
Expansion of Automotive Laser Headlight Market
Surge in trade volume, owing to rising bilateral trade among countries is projected to boost the automotive laser headlight market during the forecast period. China witnessed a surge in both general trade volume and proportion, escalating to 15.66 trillion Yuan. China trade volume accounted for 56.4% of the total foreign trade. Major trading partners of China are the U.S., the European Union, and ASEAN. Exports of China to the U.S. further rose by 15.2% year-on-year.
Based on vehicle type, the global automotive laser headlight market has been segmented into passenger vehicle and commercial vehicle. Passenger vehicle is likely to be a highly lucrative segment during the forecast period. This is primarily due to the rise in production of passenger vehicles across the globe. Rising adoption of electric passenger vehicles in major developed countries, including the U.S., China, Germany, and Japan is expected to propel the automotive laser headlight market across the globe.
In terms of technology, the intelligent laser headlight segment dominated the market, as an increase in demand for luxury vehicles, which are integrated with smart headlights, is fueling the demand for automotive laser headlight.
Geographically, the global automotive laser headlight market has been segmented into five major regions: North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Europe was observed to be the largest regional market globally in terms of revenue in 2018. In Germany adaptation of advance automotive technology and the presence of global manufacturer will boost the automotive laser headlight market. Europe dominated the automotive laser headlight market with more than 40% share and is expected to follow the same trend during the forecast period.
Asia Pacific is the second largest regional market for automotive laser headlight market with nearly same market share that of Europe. This is attributable to increase in the younger population and rise in income of the people.
Key Players Operating in Global Automotive Laser Headlight Market:
Robert Bosch GmbH
Koito Manufacturing Ltd
Hella KGaA Hueck & Co.
Magneti Marelli S.p.A
The Automotive Laser Headlight market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Automotive Laser Headlight market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Automotive Laser Headlight market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Automotive Laser Headlight market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Automotive Laser Headlight market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Automotive Laser Headlight capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Automotive Laser Headlight by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Automotive Laser Headlight market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Automotive Laser Headlight market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Automotive Laser Headlight market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Automotive Laser Headlight industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Automotive Laser Headlight market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Automotive Laser Headlight market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Automotive Laser Headlight market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Automotive Laser Headlight market. These factors have benefited the growth of the global market for Automotive Laser Headlight. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Automotive Laser Headlight. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Automotive Laser Headlight are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding.
Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.
The study objectives of this report are:
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