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The automotive laser headlight system market size is estimated to grow at a CAGR of 28.19% between 2022 and 2027. The market size is forecast to increase by USD 8,200.96 million. The growth of the market depends on several factors such as the incorporation of energy-efficient solutions in automobiles, the laser headlights providing the longest service lives among headlight technologies, and the growing focus on differentiation by automotive.
This automotive laser headlight system market report extensively covers market segmentation by application (OEM and aftermarket), end-user (passenger cars and motorcycle), and geography (Europe, APAC, North America, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The incorporation of energy-efficient solutions in automobiles is a key driver that will support the global automotive laser headlight system market growth. Governments of most countries are promoting the use of energy-efficient vehicles to curb emissions and fuel consumption. Low power consumption by headlights reduces battery drain, ensuring longer service intervals for consumers. Emerging economies such as India are witnessing the implementation of stringent emission regulations, which is promoting the production of energy-efficient vehicles.
Most of the prominent OEMs are investing heavily in electric vehicles. Laser diodes are ideal to be used in EVs as they consume some of the least amounts of energy (other than the cooling power required) to operate. This allows their use without any significant impact on the charging cycles of EVs. Hence, the growing adoption of EVs across the world will act as a crucial factor for the rising demand for automotive laser headlight systems during the forecast period.
An increase in R&D spending on headlight technology is a key trend positively impacting the global automotive laser headlight system market growth. The automotive industry has witnessed several innovative products in the lighting segment since the adoption of incandescent lights. There is no significant technological difference between LEDs and OLEDs. OLEDs are the advanced versions of LEDs and are more flexible, energy-efficient, and thin. They can emit different colors compared with LEDs. They can be used as signal lights, taillights, and interior lights in vehicles. Audi is the frontrunner in the adoption of LED lighting technology.
In addition, the vendors in the market have increased their investment in R&D of technologies such as OLED and laser lighting panels. They are motivated to invest in R&D to develop technologies for cost-effective production, considering the significant potential of the market. Moreover, vendors are developing technology standards for every product through an effective R&D process. Such factors will increase the amrket gorwth during the forecast period.
The adoption of LED lighting in automobiles will be a major factor that will negatively impact the global automotive laser headlight system market growth. The technology for automotive headlights is developing at a rapid pace. The development of automotive headlamps is primarily aimed at increasing efficiency and reducing energy consumption. Senior executives at AUDI have been quoted as saying that LED headlights look promising enough to warrant a lack of pressure to replace them with new technologies such as lasers. Given the versatility of LEDs and the fact that vendors like Mercedes Benz have only just discovered their utility, it is unclear how quickly the same competitors would adopt laser technology.
Moreover, vendors can achieve high profit margins through LED headlamps owing to their premium pricing. As the demand for LED headlamps is increasing in the global automotive industry, LED technology will give tough competition to laser technology in headlight applications. Hence, the adoption of laser lighting technology will hinder the market growth during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Automotive Laser Headlight System Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
ams OSRAM AG: - The company offers automotive laser headlight system such as NIGHT BREAKER LASER halogen headlight lamps that shine up to 150 percent brighter compared to the minimum legal standard.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The OEM segment is estimated to witness significant growth during the forecast period. Laser headlight technology is advancing rapidly, allowing for brighter and more energy-efficient illumination. OEMs are keen to incorporate these advancements into their vehicles to provide improved visibility and safety for drivers. OEMs are more likely to adopt cutting-edge technologies to enhance the overall experience for their customers.
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The OEM segment was the largest segment and was valued at USD 1,128.07 million in 2017. Laser headlights are often initially introduced in high-end or luxury vehicle models due to their higher cost. OEMs closely monitor advancements in laser headlight technology. As technology improves and becomes more cost-effective, it becomes more attractive for integration into new vehicle models. The demand for laser headlights among OEMs has continued to evolve with the changing technology, which is expected to boost the growth of the global market in focus during the forecast period.
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Europe is estimated to contribute 45% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The automotive industry in Europe is highly competitive due to the presence of many leading automotive OEMs. The demand for luxury vehicles equipped with advanced technologies and features in the region has always been high.
In addition, the rising number of people interested in long-distance leisure trips, as well as traffic congestion, is increasing the time spent by customers in their vehicles, which is creating demand for more comfort and safety features in vehicles. As a result, the automotive laser headlight system has become a crucial technology in modern vehicles. Such factors will increase the market growth in this region during the forecast period.
The COVID-19 pandemic affected Europe's automotive industry in 2020. However, in 2021, a large-scale vaccination program was initiated by the governments of various countries in the region, which resulted in the removal of lockdown restrictions. The resumption of automotive manufacturing activities in European countries such as Germany, Italy, and France after the lifting of lockdowns in the second half of 2020 resulted in a rapid increase in the sales of automotive components, including automotive laser headlight systems. It is estimated that the regional market in focus will witness a V-shaped recovery during the forecast period.
The automotive laser headlight system market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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Automotive Laser Headlight System Market Scope |
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Report Coverage |
Details |
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Page number |
168 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 28.19% |
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Market growth 2023-2027 |
USD 8,200.96 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
26.67 |
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Regional analysis |
Europe, APAC, North America, Middle East and Africa, and South America |
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Performing market contribution |
Europe at 45% |
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Key countries |
US, China, Germany, UK, and Italy |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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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 |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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