PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1236032
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1236032
Global Automotive Adaptive Front Lighting Market is valued approximately USD 1.5 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 10.7% over the forecast period 2022-2029. Automotive Adaptive Front Lighting System (AFS) optimizes the light distribution of the headlights according to driving conditions. Depends on vehicle speed, steering angle, and weather conditions. The system adjusts the low or high beams and points them in the direction the driver wants to drive. Adaptive headlights can perform small horizontal or vertical movements associated with the use of geared motors in the automotive industry. These movements rely on mechanical systems that can reduce motor speed consistently, efficiently, and safely. The increasing adoption of Advanced Driver Assistance System (ADAS) and growing integration of advanced technologies in vehicles are key factors driving the market growth.
The increasing adoption of advanced driver assistance system in passenger and commercial vehicles is contributing towards the growth of the Global Automotive Adaptive Front Lighting market. For instance, according to Statista - In 2020, the advanced driver assistance systems (ADAS) industry generated around USD 27.29 billion, and the global ADAS market is estimated to grow to USD 58.59 billion by 2028. Also, rising penetration of autonomous vehicles in developing regions and growing number of passenger safety norms from the authorities would create lucrative growth prospectus for the market over the forecast period. However, the high cost & complex configuration process and lack of penetration low and medium ranged vehicles stifles the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Automotive Adaptive Front Lighting Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the dominance of leading market players and increasing investment in autonomous and semi-autonomous vehicles in the region. Whereas Asia Pacific is expected to grow with a highest CAGR during the forecast period, owing to factors such as rising adoption of ADAS system in passenger cars and increasing penetration of leading market players in the region.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures and dummy in nature, final lists may vary in the final deliverable