[150+ Pages Report] As per the latest Research and survey report issued by Precedence Research, the global automotive laser headlight market size is expected to register revenues worth USD 18.64 billion by the end of 2027, growing at an exceptional CAGR of approximately 26.8% between 2020 and 2027.
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Automotive Laser Headlight Market Growth Factors:
Rising awareness for the efficient lighting solution in automotive application significantly drives the market growth for automotive laser headlight. The combination of laser and Light Emitting Diode (LED) serves as a building block for the Advanced Front Lighting Systems (AFLS) and is steadily picking pace in the laser headlight market. Applications such as sensing, lighting, computing, and software control plays a pivotal role in AFLS.
Automotive Laser Headlight Market Report Scope
|Market Size||USD 18.64 Billion by 2027|
|Growth Rate||CAGR of 26.8% from 2021 to 2027|
|Fastest Growing Market||Asia Pacific|
|Forecast Period||2021 to 2027|
|Segments Covered||Technology, Vehicle Type, Sales Channel, Region Type|
|Companies Mentioned||Robert Bosch GmbH, OSRAM GmbH, SLD Laser, Valeo SA, ZKW Group, LASER Component, Koito manufacturing Co. Ltd, Palomar Technologies, Hella GmbH & Co. KGaA, Marelli Holdings Co. Ltd., and Koninklijke Philips N.V.|
Automotive Laser Headlight Market Report Highlights
- In 2020, Europe led the global automotive laser headlight market with a market value share of around 41%.The region also expected to exhibit significant growth in the coming years owing to high consumer base for luxury and premium vehicles. In addition, automotive manufacturers are mainly concentrated in the region and invest prominently in the advanced and innovative technologies to influence the positive market growth.
- The Asia Pacific expected to grow at a rapid pace over the analysis period due to increase in purchasing power and significant growth in Gross Domestic Product (GDP) in the developing nations. In addition, green revolution and increasing preference for environment-friendly mobility solutions are positively driving the market for automotive laser headlight in the region.
- By technology, intelligent laser headlight encountered the maximum revenue share in the overall market in 2020 and anticipated to propagate at a rapid rate during the forecast period. This is mainly due to the rising demand for intelligent and smarter technology.
- Passenger vehicle emerged as the global leader in the automotive laser headlight market in the year 2020 and anticipated to grow prominently over the analysis period. High production and sales of passenger vehicles across the globe is the major factor driving the growth of the segment. Moreover, increasing demand for premium and luxury cars along with rapid growth in battery-powered vehicles are the prime factors escalating the production of passenger cars globally.
- By sales channel, OEM dominated the global automotive laser headlight market with nearly 91% of market share in the year 2020 and expected to continue its dominance throughout the analysis period.
The report has engulfed a chapter on the global electric vehicle market’s competitive landscape, which provides detailed analysis and insights on companies offering electric vehicle. Profiles of key companies, along with a strategic overview of their M&A and expansion plans across geographies, have been delivered in this chapter.
This chapter is priceless for report readers, as its enables them in gauging their growth potential in the market and implement key strategies for extending their market reach. This chapter offers key recommendations for both new and existing market participants, enabling them to emerge sustainably and profitably.
Intelligence on the market players has been delivered on the basis of their product overview, SWOT analysis, key developments, key financials and company overview. Occupancy of these market participants has been tracked by the report and portrayed via an intensity map.
Read Also@ Vehicle Electrification Market to Rising a CAGR 8.9% Till 2030
Some of the prominent players in the automotive laser headlight market include:
- OSRAM GmbH
- SLD Laser
- Valeo SA
- ZKW Group
- LASER Component
- Koito manufacturing Co. Ltd
- Palomar Technologies
- Hella GmbH & Co. KGaA
- Marelli Holdings Co. Ltd.
- Koninklijke Philips N.V.
Automotive Laser Headlight Market Segments
By Vehicle Type
- Commercial Vehicle
- Passenger Vehicle
By Sales Channel
- Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
- Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
- North America [United States, Canada, Mexico]
- South America [Brazil, Argentina, Columbia, Chile, Peru]
- Middle East & Africa [GCC, North Africa, South Africa]
The research report includes a detailed study of regions of North America, Europe, China, Japan and Rest of the World. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue and manufacturers of each region.
This section analyses region-wise revenue and volume for the forecast period of 2019 to 2027. These analyses will help the reader to understand the potential worth of investment in a particular region.
The report provides in-depth segment analysis of the global automotive laser headlight market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries, which hold growth opportunities or account for significant share has also been included as part of geographic analysis of the automotive laser headlight market.
The report includes country-wise and region-wise market size for the period 2019-2027. It also includes market size and forecast by segments in terms of production capacity, price and revenue for the period 2019-2027.
Why should you invest in this report?
If you are aiming to enter the global automotive laser headlight market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for automotive laser headlight are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
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