Global Adaptive Front Light Market to Register 12% CAGR Through 2025

January 07, 2021


According to a recent study titled ‘Global Adaptive Front Light Market Analysis, 2020’, available with Market Study Report LLC, global adaptive front light industry size is projected to expand at a yearly growth rate of 12% over the forecast period 2020-2025.
 

Increasing number of road traffic accidents and facilities, rising vehicle production, and innovations in the automotive industry for driver safety are fostering the growth of global adaptive front light market, cites the study.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/3114700/
 

For the uninitiated, an adaptive front light is a component that adjusts the intensity of the light beam in accordance with current environmental change or when a vehicle is approaching nearby. This device also bends light if a change in the direction of driver’s car is detected. Owing these characteristics, along with low weight, flexibility, and compact form, OEMs provide these lighting solutions to enhance the exterior aesthetics of the vehicles and also use it as a brand imager and product differentiator. Adaptive front lights are mainly used in trucks, buses, and high-end luxury cars.
 

Based on technology, global adaptive front light industry is divided into xenon, halogen, LED/OLED, and laser. Of these, Xenon segment led the industry growth in 2019 and is likely to record strong in the coming years. The demand for this lighting product is creditable to its ability to replicate light similar to sunlight, thereby offering a clear vision to the driver. Xenon lights are used in both passenger and commercial vehicles. With soaring demand for passenger vehicles globally, the sales of these lights will witness a notable hike in the forthcoming years.
 

Elaborating on vehicle type, global adaptive front light market is split into passenger vehicles and commercial vehicles. Industry experts claim that commercial vehicles will showcase a strong growth trend over the projected timeline, owing to robust growth logistic and e-commerce industries.
 

From a geographical frame of reference, global adaptive front light industry size spans across North America, Europe, South America, Asia Pacific, Africa, and the Middle East. Asia Pacific market is slated to expand profusely over 2020-2025, largely driven by growing demand for luxury-vehicles in the region. On the contrary, high pricing of raw materials is negatively impacting the regional business landscape.
 

Leading players impacting global adaptive front light market dynamics are Robert Bosch GmbH, Johnson Electric, Neolite ZKW, Koito Manufacturing Co., Ltd., Varroc Group, Osram Licht AG, Margetti Mareli, Valeo, Hella KGaA Hueck & Co., and Stanley Electric Co., Ltd.

Chat with us