DUBLIN--(BUSINESS WIRE)--The "Global Adaptive Front Light Market By Vehicle Type (Passenger Car and Commercial Vehicle), By Technology (Xenon, LED, Laser and OLED), By Region, Competition, Forecast & Opportunities, 2013-2023" report has been added to ResearchAndMarkets.com's offering.

The Global adaptive front light market is projected to grow from $1.3 billion in 2017 to $2.6 billion by 2023, exhibiting a double digit CAGR of around 13% during the forecast period, on the back of booming automotive industry.

Adaptive front light offers optimized vision to the driver during poor-sight conditions of the road during night. Based on the driving circumstances like vehicle speed and steering input, adaptive front light system points the low-beams headlights in the direction the driver intends to travel.

Moreover, stringent government regulations for the safety of passengers and increasing awareness among individuals are aiding the market growth.

Market Segments

In terms of vehicle type, the global adaptive front light market has been segmented into passenger car and commercial vehicle. Passenger car dominated the market in 2017 and is expected to maintain its market dominance during the forecast period, owing to surging passenger car sales.

In terms of technology, the market for adaptive front light can be segmented into LED, laser, OLED and Xenon. The global adaptive front light market is transitioning from traditional lighting technologies to LED and Xenon. Xenon dominated the market in 2017 and is expected to continue its market dominance in coming years, on account of its early inception.

Regional Insights

Global adaptive front light market is gaining traction and expanding to various regions including Asia-Pacific, North America, Europe & CIS, South America and Middle East & Africa. Europe and CIS is the leading region in the global adaptive front light market, owing to well-established automotive industry in the region.

Moreover, presence of major manufacturers in the region is positively impacting its growth. Asia-Pacific adaptive front light market is anticipated to register fastest growth rate during the forecast period, owing to government initiatives in developing economies such as India and China, in addition to high production and sales of automobiles in the region.

Competitive Landscape

Major players operating in the global adaptive front light market include Koito Manufacturing co., ltd., Stanley Electric Co., Ltd., Magneti Marelli S.p.A, Valeo S.A., Varroc Lighting Systems, Inc., HELLA GmbH & Co. KGaA, Johnson Electric Holdings Limited, OSRAM Licht AG, Neolite ZKW Lightings Pvt. Ltd., Hyundai Mobis Co., Ltd., etc.

Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments. Johnson Electric acquired Stackpole International for the development of new technologies in order to meet the changing needs of the industry.

Years considered for this report:

Historical Years: 2013-2016

Base Year: 2017

Estimated Year: 2018

Forecast Period: 2019-2023

Objective of the Study:

  • To analyze and forecast the global adaptive front light market size.
  • To classify and forecast the global adaptive front light market based on vehicle type, technology type and regional distribution.
  • To analyze and forecast the global adaptive front light market with respect to vehicle type: passenger car and commercial vehicle.
  • To analyze and forecast the global adaptive front light market with respect to technology: LED, Xenon, Laser and OLED.
  • To analyze and forecast the global adaptive front light market with respect to region: Europe & CIS, Asia-Pacific, North America, South America and Middle East & Africa.
  • To identify drivers and challenges for the global adaptive front light market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global adaptive front light market.
  • To identify and analyze the profile of leading players operating in the global adaptive front light market.

Topics Covered

1. Product Overview

2. Research Methodology

3. Analyst View

4. Voice of Customer

4.1. Users Analysis (By Profession, By Gender)

4.2. Factors Influencing Purchase Decision

5. Global Adaptive Front Light Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Vehicle Type (Passenger Car and Commercial Vehicle)

5.2.2. By Technology (Xenon, LED, Laser and OLED)

5.2.3. By Company

5.2.4. By Region

5.3. Market Attractiveness Index (By Technology)

6. Europe & CIS Adaptive Front Light Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Vehicle Type

6.2.2. By Technology

6.2.3. By Country

6.3. Market Attractiveness Index (By Technology)

6.4. Europe: Country Analysis

6.4.1. Germany Adaptive Front Light Market Outlook

6.4.2. United Kingdom Adaptive Front Light Market Outlook

6.4.3. France Adaptive Front Light Market Outlook

6.4.4. Italy Adaptive Front Light Market Outlook

6.4.5. Spain Adaptive Front Light Market Outlook

7. Asia-Pacific Adaptive Front Light Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Vehicle Type

7.2.2. By Technology

7.2.3. By Country

7.3. Market Attractiveness Index (By Technology)

7.4. Asia Pacific: Country Analysis

7.4.1. China Adaptive Front Light Market Outlook

7.4.2. Japan Adaptive Front Light Market Outlook

7.4.3. South Korea Adaptive Front Light Market Outlook

7.4.4. Australia Adaptive Front Light Market Outlook

7.4.5. India Adaptive Front Light Market Outlook

8. North America Adaptive Front Light Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Vehicle Type

8.2.2. By Technology

8.2.3. By Country

8.3. Market Attractiveness Index (By Technology)

8.4. North America: Country Analysis

8.4.1. United States Adaptive Front Light Market Outlook

8.4.2. Canada Adaptive Front Light Market Outlook

8.4.3. Mexico Adaptive Front Light Market Outlook

9. Middle East & Africa Adaptive Front Light Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Vehicle Type

9.2.2. By Technology

9.2.3. By Country

9.3. Market Attractiveness Index (By Technology)

9.4. Middle East & Africa: Country Analysis

9.4.1. Saudi Arabia Adaptive Front Light Market Outlook

9.4.2. UAE Adaptive Front Light Market Outlook

9.4.3. Qatar Adaptive Front Light Market Outlook

9.4.4. South Africa Adaptive Front Light Market Outlook

10. South America Adaptive Front Light Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Vehicle Type

10.2.2. By Technology

10.2.3. By Country

10.3. Market Attractiveness Index (By Technology)

10.4. South America: Country Analysis

10.4.1. Brazil Adaptive Front Light Market Outlook

10.4.2. Argentina Adaptive Front Light Market Outlook

10.4.3. Chile Adaptive Front Light Market Outlook

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

13. Competitive Landscape

13.1. Koito Manufacturing Co. Ltd.

13.2. Stanley Electric Co. Ltd.

13.3. Magneti Marelli S.p.A.

13.4. Valeo S.A.

13.5. Varroc Lighting Systems Inc.

13.6. HELLA GmbH & Co. KGaA

13.7. Johnson Electric Holdings Limited

13.8. OSRAM Licht AG

13.9. Neolite ZKW Lightings Pvt. Ltd.

13.10. Hyundai Mobis Co. Ltd.

14. Strategic Recommendations

15. Annexure

For more information about this report visit https://www.researchandmarkets.com/research/rvlwjg/global_2_6?w=4

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Related Topics: Automotive Body, Trim and Glass