Automotive laser headlights are laser-supported headlights consisting of phosphorous lens and laser diodes. Brightness offered by laser headlights is almost four times the brightness provided by any LED-powered light. Additionally, rising awareness regarding energy-efficient lighting systems and growing demand for luxury vehicles equipped with high-end lighting systems act as major driving factors. Automotive laser headlight market is expected to grow considerably in coming years.
MARKET SCOPE
The "Global Automotive Laser Headlight Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the automotive laser headlight market with detailed market segmentation by vehicle type, application, and geography. The report provides key statistics on the market status of the leading automotive laser headlight market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on vehicle type, the global automotive laser headlight market is segmented into passenger vehicle and commercial vehicle.
- On the basis of application, the market is segmented into head lights and tail lights.
MARKET DYNAMICS
Drivers:
- High efficiency and accuracy offer by automotive laser headlights.
- Rising urbanization and increasing per capita disposable income to boost market growth of laser headlights.
Restraints:
- Unorganized retail sector in few developing countries.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The automotive laser headlight market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the automotive laser headlight market in these regions.
IMPACT OF COVID-19ON AUTOMOTIVE LASER HEADLIGHT MARKET
The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities. This pandemic restricted movement of people from one place to another. Hence demand for vehicles dropped significantly. Due to restrictions like limited workforce at production site, this market also suffered from supply side.
MARKET PLAYERS
The report covers key developments in the automotive laser headlight market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from automotive laser headlight market are anticipated to lucrative growth opportunities in the future with the rising demand for automotive laser headlight in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the automotive laser headlight market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- HELLA GmbH and Co. KGaA
- KOITO MANUFACTURING CO., LTD.
- Koninklijke Philips N.V.
- KYOCERA SLD Laser, Inc.
- LEDO
- Magneti Marelli
- OSRAM GmbH
- Robert Bosch GmbH
- VALEO SERVICE
- ZKW