NEW
YORK, June 10, 2024 /PRNewswire/ -- The
global automotive laser headlight system market size is
estimated to grow by USD
18.91 billion from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of 40.54%
during the forecast period. Incorporation of
energy-efficient solutions in automobiles is driving market
growth, with a trend towards increase in r and d spending
on headlight technology. However, adoption of led lighting in
automobiles poses a challenge. Key market players include ams
OSRAM AG, Baja Designs Inc., Bayerische Motoren Werke AG,
Continental AG, HELLA GmbH and Co. KGaA, Infineon Technologies AG,
Koito Manufacturing Co. Ltd., KYOCERA Corp., Lazer Lamps Ltd.,
Marelli Holdings Co. Ltd., Mercedes Benz Group AG, Robert Bosch
GmbH, Stanley Electric Co. Ltd., Universe Kogaku Inc., Valeo SA,
Varroc Engineering Ltd., Volkswagen AG, and ZKW Group GmbH.
Get a detailed analysis on regions, market segments, customer
landscape, and companies - View the snapshot of this
report
Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Application (OEM and
Aftermarket), End-user (Passenger cars and Motorcycle), and
Geography (Europe, APAC, North America, Middle East and Africa, and
South America)
|
Region
Covered
|
Europe, APAC, North
America, Middle East and Africa, and South America
|
Key companies
profiled
|
ams OSRAM AG, Baja
Designs Inc., Bayerische Motoren Werke AG, Continental AG, HELLA
GmbH and Co. KGaA, Infineon Technologies AG, Koito Manufacturing
Co. Ltd., KYOCERA Corp., Lazer Lamps Ltd., Marelli Holdings Co.
Ltd., Mercedes Benz Group AG, Robert Bosch GmbH, Stanley Electric
Co. Ltd., Universe Kogaku Inc., Valeo SA, Varroc Engineering Ltd.,
Volkswagen AG, and ZKW Group GmbH
|
Key Market Trends Fueling Growth
The automotive industry's lighting segment has seen advancements
with the introduction of OLED technology, such as in Audi's 2016 TT
RS. OLEDs offer efficient, visually appealing lighting with no
harsh shadows or reflectors. While similar to LEDs, OLEDs are more
flexible, energy-efficient, and thin, enabling color emission and
uniformity. Audi and BMW use OLEDs for product differentiation in
premium models. Vendors like HELLA and OSRAM invest in R&D for
OLED and laser lighting panels, driving market growth during the
forecast period.
The Automotive Laser Headlight System market is experiencing
significant growth due to advancements in vehicle technology. These
systems provide high-performance lighting, enabling better
visibility and increasing road safety. The use of semiconductors
and sensors in laser headlights contributes to their efficiency and
longevity.
Additionally, the integration of these systems with other
vehicle features, such as adaptive cruise control and collision
avoidance systems, enhances overall driving experience. The market
is expected to continue growing, driven by consumer demand for
advanced safety features and increasing regulatory focus on road
safety.
Research report provides comprehensive data on impact of trend.
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Market Challenges
- The automotive laser headlight system market faces challenges
due to the increasing adoption of LED headlights in the luxury car
segment. LED headlights offer versatility and high-profit margins
for vendors, making it difficult for laser technology to gain
traction. Despite the potential benefits of laser technology, its
adoption is uncertain due to the current popularity of LEDs. The
global automotive industry's demand for LED headlamps poses a
significant challenge to the growth of the automotive laser
headlight system market during the forecast period.
- The Automotive Laser Headlight System market faces several
challenges. One major challenge is the high cost of production,
which makes these systems expensive for mass production. Another
challenge is the regulatory environment, as these systems must meet
strict safety and performance standards.
- Additionally, the development of compatible software and
integration with existing vehicle systems can be complex.
Furthermore, consumer acceptance and market penetration remain key
challenges, as many consumers are not yet familiar with the
benefits of laser headlight technology. Lastly, the global supply
chain for laser diodes and other essential components can be
unpredictable, leading to potential supply shortages and price
volatility.
For more insights on driver and
challenges - Download a Sample Report
Segment Overview
- Application
- End-user
- 2.1 Passenger cars
- 2.2 Motorcycle
- Geography
- 3.1 Europe
- 3.2 APAC
- 3.3 North America
- 3.4 Middle East and
Africa
- 3.5 South America
1.1 OEM- The automotive laser headlight system
market is experiencing significant growth due to advancements in
technology, making headlights brighter and more energy-efficient.
OEMs are eager to incorporate these innovations for enhanced
visibility and customer experience. High-end models have led the
adoption, but as costs decrease, integration into new vehicle
classes is expected. The Indian automobile component industry's Rs.
2.9 lakh crore (USUSD 36.1 billion) turnover in the first half of
2023-24, with a 12.6% revenue growth, underscores the expanding OEM
segment's influence on market expansion.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data (2018 -
2022) - Download a Sample Report
Research Analysis
The Automotive Laser Headlight System Market is experiencing
significant growth in the photonics-related businesses,
particularly in the semiconductor sector. Headlamp manufacturers
are integrating LiFi Communication technology into their headlight
systems, providing high-resolution sensing capabilities for
autonomous driving applications. LED and laser diodes are key
components in these advanced headlight systems, offering improved
illumination range and road safety.
The market spans across the passenger vehicle segment, including
luxury automobiles, as well as light commercial vehicles, logistics
vehicles, and recreational vans. Night vision cameras and
phosphorous lenses are also gaining popularity in this market. The
global vehicle production is forecasted to increase, driving the
demand for advanced headlight systems in battery-powered
vehicles.
Market Research Overview
The Automotive Laser Headlight System market represents a
significant advancement in vehicle lighting technology. These
systems utilize laser diodes to produce high-intensity beams,
enhancing visibility and safety on the road. The technology offers
several advantages over traditional headlights, including longer
range, faster response time, and reduced power consumption.
The market is driven by increasing consumer demand for advanced
safety features and regulatory initiatives promoting the adoption
of energy-efficient technologies. Furthermore, ongoing research and
development efforts aim to improve the efficiency and affordability
of laser headlight systems, expanding their market potential. The
market landscape is characterized by continuous innovation and
competition among various players, with a focus on delivering
superior performance and functionality.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Application
-
- End-user
-
- Passenger Cars
- Motorcycle
- Geography
-
- Europe
- APAC
- North America
- Middle East And Africa
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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