Rising air pollution, stringent government policies, and the growing need for advanced safety features have fueled the automotive industry to undergo a transformative shift from using the simple incandescent and gas discharge-based light sources to the advanced light-emitting diodes (LEDs), organic light emitting diodes (OLEDs), and laser technology. This shift has significantly reduced the carbon-dioxide emissions which has emerged as a key factor in driving the growth of the automotive intelligent lighting market.
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Further, technologies such as adaptive front lighting (AFL) systems and intelligent ambient lighting have become integral parts of the driver assistance systems. They have significantly contributed in making the driving experience much safer by improving the visibility and providing an optimized vision to the driver during poor lighting conditions.
According to the latest market intelligence report by BIS Research titled “Global Automotive Intelligent Lighting Market – Analysis and Forecast (2018-2023),” the automotive intelligent lighting market was valued at $9.40 billion in 2017 and is anticipated to grow at a stable CAGR of 8.44% during the forecast period, 2018-2023.
Factors such as rising production and sales of vehicles, increased emphasis on safety, and the escalated demand for luxury vehicles are leveraging the growth of the market. At the same time, the high cost and fluctuations in the cost of the raw material associated with intelligent ambient lighting pose as the major challenges prevalent in the market.
The report published by BIS Research provides a holistic view of the automotive intelligent lighting market in terms of several aspects namely, the market dynamics, industry and supply chain analysis, segmentation of the market, and the detailed company profiles of leading market players such as General Electric, Grupo Antolin, Hyundai Mobis Co. Ltd., OSRAM GmbH, Signify Holding, and VALEO GROUP.
For the ease of market estimation, the study analyzes the market under different segments on the basis of type, vehicle type, end-market, and region. Geographically, Europe dominated the market in
2017 and is projected to continue its dominance during the forecast period. With ongoing extensive research and development activities, advanced intelligent lighting solutions are expected to be developed and further propel the growth of the market.
Request the Sample @ https://bisresearch.com/requestsample?id=627&type=download
Further, technologies such as adaptive front lighting (AFL) systems and intelligent ambient lighting have become integral parts of the driver assistance systems. They have significantly contributed in making the driving experience much safer by improving the visibility and providing an optimized vision to the driver during poor lighting conditions.
According to the latest market intelligence report by BIS Research titled “Global Automotive Intelligent Lighting Market – Analysis and Forecast (2018-2023),” the automotive intelligent lighting market was valued at $9.40 billion in 2017 and is anticipated to grow at a stable CAGR of 8.44% during the forecast period, 2018-2023.
Factors such as rising production and sales of vehicles, increased emphasis on safety, and the escalated demand for luxury vehicles are leveraging the growth of the market. At the same time, the high cost and fluctuations in the cost of the raw material associated with intelligent ambient lighting pose as the major challenges prevalent in the market.
The report published by BIS Research provides a holistic view of the automotive intelligent lighting market in terms of several aspects namely, the market dynamics, industry and supply chain analysis, segmentation of the market, and the detailed company profiles of leading market players such as General Electric, Grupo Antolin, Hyundai Mobis Co. Ltd., OSRAM GmbH, Signify Holding, and VALEO GROUP.
For the ease of market estimation, the study analyzes the market under different segments on the basis of type, vehicle type, end-market, and region. Geographically, Europe dominated the market in
2017 and is projected to continue its dominance during the forecast period. With ongoing extensive research and development activities, advanced intelligent lighting solutions are expected to be developed and further propel the growth of the market.
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