Automotive Laser Headlight Market
Automotive Laser Headlight Market [Vehicle Type: Passenger Vehicle and Commercial Vehicle; Sales Channel: OEM and Aftermarket] - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027
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Automotive Laser Headlight Market: Introduction
- Automotive Laser headlights are laser-assisted headlights which comprise laser diodes and a phosphorous lens. These laser lights offer almost four times the brightness of an LED-powered light.
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Key Drivers and Restraints of Global Automotive Laser Headlight Market
- The rising number of accidents due to increase in traffic flow in night time is one of the prime reason that is contributing to the growth of automotive laser headlight market. The implementation of such safety systems by the automobile industry has rapidly increased. Since laser headlight ensure safety of the passengers in night time by increasing the visibility of road, 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 fuel efficiencies and safety attributes of the vehicle are encouraging manufacturers to implement such integrated systems that can ensure safety as well as comply with such regulations.
- Since every manufacturer competes for offering unique high intensity clear night vision headlight, each manufacturer integrates high-tech sensors having different applications. Such integrations make car owners difficult and confusing to understand the exact operating procedures for different car models. Hence, due to the technicality involved, the car owners are reluctant to install an innovative automotive headlight system.
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Global Automotive Laser Headlight Market: Segmentation
- In terms of vehicle, the automotive laser headlight market has been classified into passenger vehicle and commercial vehicle .In terms of revenue, passenger vehicle held the largest share in 2018, owing to the increase in demand for passenger vehicle in the automotive industry.
- By sales channel, the automotive laser headlight market has been segregated into OEM and aftermarket In terms of revenue, the OEM segment constituted more than 90% market share in 2018.
Global Automotive Laser Headlight Market: Regional Segmentation
- In terms of region, the automotive laser headlight market has been classified into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. In 2018, Europe dominated the automotive laser headlight market with more than 40% share and is expected to follow the same trend during the forecast period.
- Laser Headlights are not efficient in regions with adverse weather conditions. Regions with continuous snowfall, rainfall and fog make such safety systems inefficient to visible the front and surrounding objects. This makes the owners of such regions reluctant in implementing these systems. Another challenge to the growth of this market is the high cost.
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- Manufacturer in the market are expected to focus on the miniaturization of the headlight systems without compromising on the intensity of light. The primary benefit of laser-assisted headlights for drivers is that these headlights have the longest illumination range compared to any current headlight technology. This provides the twin advantages of improving visibility for the driver and subsequently better road safety.
Key Players Operating in Global Automotive Laser Headlight Market:
- OSRAM GmbH
- Robert Bosch GmbH
- ZKW Group
- Palmar technologies
- Leaser components
- Koito Manufacturing Ltd
- Hella KGaA Hueck & Co.
- Magneti Marelli S.p.A
Global Automotive Laser Headlight Market: Research Scope
Global Automotive Laser Headlight Market, by Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
Global Automotive Laser Headlight Market, by Sales Channel
Global Automotive Laser Headlight Market, by Region
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
Automotive Laser Headlight Market – Scope of the Report
Transparency Market Research’s recent report on the automotive laser headlight market, with the help of a comprehensive outlook, provides readers with an assessment of the global market landscape. This study on the Automotive Laser Headlight market analyzes the scenario for the period of 2019 to 2027, wherein, 2018 is the base year and 2017 and before is historical data. This report enables readers to make important decisions with regard to their business, with the help of a wealth of information enclosed in the study.
This TMR study on the Automotive Laser Headlight market also provides data on the developments made by important players and stakeholders in the market, along with a competitive analysis. The report also provides an understanding of the strengths, weaknesses, threats, and opportunities, along with the trends and restraints in the landscape. Presented in a clear sanctioned manner, this report on the automotive laser headlight market gives readers an individual understanding of the market.
This study also discusses the underlying trends and impact of various factors that are driving the automotive laser headlight market, along with their influence on the evolution of the market.
This study also offers Porter’s Five Point Analysis, value chain analysis, regulatory scenario, and a SWOT analysis of the Automotive Laser Headlight market, in order to elaborate the crucial growth tactics and opportunities for market players contributing to the market.
Key Questions Answered in this Report on the Automotive Laser Headlight Market
- How much value will the automotive laser headlight market generate by the end of the forecast period?
- Which segment of the market is likely to have the maximum market share by 2027?
- What are the impact factors and there effects on the automotive laser headlight market
- What regions currently contribute the maximum share to the overall automotive laser headlight market?
- What are the indicators expected to drive the automotive laser headlight market?
- What region is likely to be a lucrative market during the forecast period?
- What are the essential strategies by key stakeholders in the automotive laser headlight market to expand their geographic presence?
- What are the major advancements witnessed in the automotive laser headlight market?
- How regulatory norms affected the market for automotive laser headlight market?
This report answers these questions and more about the automotive laser headlight market, aiding major stakeholders and key players in making the right decisions and strategizing for the advancement of their business.
Automotive Laser Headlight Market: Research Methodology
This TMR report on the automotive laser headlight market is based on a complete and comprehensive evaluation of the market, backed by secondary and primary sources. Market volume is determined by country wise model mapping of vehicle through internal & external proprietary databases, and relevant patent and regulatory databases. The competitive scenario of the automotive laser headlight market is supported by an assessment of the different factors that influence the market on a minute and granular level. By thoroughly analyzing the historical data, current trends and announcement by the key players, researchers of the automotive laser headlight market arrive at predictions and estimations, and calculate the forecast for the market.
This report uses an analytical triangulation method to estimate the numbers and figures of the automotive laser headlight market, with both a bottom-up and top-down approach.
This detailed assessment of the automotive laser headlight market, along with an overview of the landscape, is provided based on a careful examination of the avenues related to this industry. Analysts’ conclusions on how the Automotive Laser Headlight market is estimated to expand are based on carefully vetted primary and secondary sources.
Automotive Laser Headlight Market: Segmentation
This report on the Automotive Laser Headlight market provides information on the basis of vehicle type, sales channel, and region
Middle East & Africa