Adaptive lighting technology is the latest and fastest growing technology in automobile sector across the globe. Automotive Adaptive lighting systems of mainly work with the help of sensors that transmits the signals to the lighting systems at the time of turning of vehicle. Riding on the on the back of increasing sales of high-end luxury cars, the global automotive adaptive lighting market is expected to expand at a CAGR of 10.2% over the forecast period i.e. 2016-2023. Further, the global market is estimated to derive the sales of 152.5 Million units of automotive adaptive lighting by 2023 projecting the market to reach USD 2.95 Billion by 2023.
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At present, Europe is the biggest consumer of automotive adaptive lighting followed by Asia-Pacific. However, with a better growth rate in automotive industry, Asia-Pacific is projected to surpass Europe automotive lighting demand by 2023.
Regionally, Asia-Pacific and Europe collectively is expected to contribute the largest market share during the forecast period i.e. 2016-2023. Moreover, Asia-Pacific region is projected to register a CAGR of 8.2% over the forecast period i.e. 2016-2023 and it is expected to account the largest market share in terms of revenue of 45.5% by 2023 followed by Europe. Rising economy and positive growth in automobile industry in both the regions is directly helping the growth of automotive adaptive lighting market.
Key Players
The key players of automotive adaptive lighting market are as follows:
HELLA
Company Overview
Key Product Offerings
Business Strategy
SWOT Analysis
Financials
KOITO
Magneti Marelli
Valeo
Key extracts from the Table of Content of LED Automotive Adaptive Lighting Market 2016-2023 report:
LED Automotive Adaptive Lighting Market Size and Forecast, 2016-2023
LED Automotive Adaptive Lighting Market CAGR for the Period 2016-2023
LED Automotive Adaptive Lighting Market Y-O-Y for the Period 2016-2023
LED Automotive Adaptive Lighting Market Demand & Supply Analysis
LED Automotive Adaptive Lighting Market Investment Attractiveness
LED Automotive Adaptive Lighting Market BPS Analysis
LED Automotive Adaptive Lighting Market Dynamics – Trends, Drivers, Challenges, Opportunities
LED Automotive Adaptive Lighting Market Competitive Landscape Analysis
LED Automotive Adaptive Lighting Market Investment Proposition, by Geography
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