Global Automotive Adaptive Front Lighting System Market to reach USD 2.34 bn by 2024, DENSO Corp., Hella GmbH & Co. KGaA, and Valeo SA emerge as Key Contributors to growth | Technavio

Technavio has been monitoring the global automotive adaptive front lighting system market and it is poised to grow by USD 2.34 bn during 2020-2024, progressing at a CAGR of about 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Automotive Adaptive Front Lighting System Market 2020-2024 (Graphic: Business Wire)

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Frequently Asked Questions:

• What are the major trends in the market?
  
  Adoption of the automotive AFLS is a major trend driving the growth of the market.
• At what rate is the market projected to grow?
  
  The year-over-year growth for 2020 is estimated at 1.58% and the incremental growth of the market is anticipated to be $ 2.34 bn.
• Who are the top players in the market?
  
  DENSO Corp., Hella GmbH & Co. KGaA, Hyundai Mobis Co. Ltd., Koito Manufacturing Co. Ltd., LG Electronics Inc., Marelli Holdings Co. Ltd., OSRAM Licht AG, Robert Bosch GmbH, Stanley Electric Co. Ltd., and Valeo SA are some of the major market participants.
• What is the key market driver?
  
  The growing number of road accidents at night is one of the major factors driving the market.
• How big is the North America market?
  
  The North America region will contribute 35% of the market share.

   

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. DENSO Corp., Hella GmbH & Co. KGaA, Hyundai Mobis Co. Ltd., Koito Manufacturing Co. Ltd., LG Electronics Inc., Marelli Holdings Co. Ltd., OSRAM Licht AG, Robert Bosch GmbH, Stanley Electric Co. Ltd., and Valeo SA are some of the major market participants. The growing number of road accidents at night will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Automotive Adaptive Front Lighting System Market 2020-2024: Segmentation

Automotive Adaptive Front Lighting System Market is segmented as below:

• Application
  • Passenger Cars
  • Commercial Vehicles
• Geography
  • Europe
  • North America
  • APAC
  • South America
  • MEA

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Automotive Adaptive Front Lighting System Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The automotive adaptive front lighting system market report covers the following areas:

• Automotive Adaptive Front Lighting System Market Size
• Automotive Adaptive Front Lighting System Market Trends
• Automotive Adaptive Front Lighting System Market Industry Analysis

This study identifies the adoption of the automotive AFLS as one of the prime reasons driving the global automotive adaptive front lighting system market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Automotive Adaptive Front Lighting System Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist automotive adaptive front lighting system market growth during the next five years
• Estimation of the automotive adaptive front lighting system market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the automotive adaptive front lighting system market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of automotive adaptive front lighting system market vendors

Table of Contents:

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis
• Industry innovations:

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019-2024

Five Forces Analysis

• Five forces summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Application

• Market segments
• Comparison by Application
• Passenger cars - Market size and forecast 2019-2024
• Commercial vehicles - Market size and forecast 2019-2024
• Market opportunity by Application

Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• Europe - Market size and forecast 2019-2024
• North America - Market size and forecast 2019-2024
• APAC - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography
• Volume drivers – Demand led growth
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• DENSO Corp.
• Hella GmbH & Co. KGaA
• Hyundai Mobis Co. Ltd.
• Koito Manufacturing Co. Ltd.
• LG Electronics Inc.
• Marelli Holdings Co. Ltd.
• OSRAM Licht AG
• Robert Bosch GmbH
• Stanley Electric Co. Ltd.
• Valeo SA

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

   

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