“The rapidly decreasing cost of LED and rise in need for energy efficient lighting solutions are expected to fuel the adoption of this technology in the coming years in the automotive industry”
Based on technologies adopted in the intelligent headlights, the market is fragmented into Xenon HID, LED and Laser. The rapidly decreasing cost of LED and rise in need for energy efficient lighting solutions are expected to fuel the adoption of this technology in the coming years in the automotive industry.
The market is bifurcated across different sales channel, this includes OEM and aftermarket. As the OEM sales channel is less prone to risks and faults, thus this channel dominated the market in 2018 and is expected to remain dominate during the forecast period. On the basis of vehicle type, the market is segmentation into passenger cars and commercial vehicles. Owing to growing technological advancements in the luxury vehicle segment paired with increasing production of passenger cars are the major factors behind their major share in 2018.
“Increasing per capita income of the consumers in Asian region is anticipated to make it the fastest growing region by the end of the forecast period”
For an in-depth analysis on regional level, the market is further segmented across different regions, including North America, Europe, Asia Pacific, and Rest of World. Among all the regions, Europe dominated the global intelligent automotive headlights market in 2018. On the other hand, increasing per capita income of the consumers in Asian region is anticipated to make it the fastest growing region by the end of the forecast period.
Competitive Landscape-Top 10 Market Players
Over the past few years, the major players in this industry adopted a number of strategic and competitive strategies such as merger and acquisition, partnership and business expansion among others. Some of the major players profiled in the report include, Osram Opto Semiconductors Inc, Hella GmbH & Co. KGaA, Valeo SA, Magneti Marelli S.p.A., KOITO MANUFACTURING CO., Continental AG, Stanley Electric Co. Ltd, Denso Corporation, Texas Instruments Incorporated and Robert Bosch GmbH. These players are working forward to strengthen their foothold in the global market through several business strategies.
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• Historical and forecast market volume validated through primary and secondary sources
• In depth analysis of prominent industry peers with primary focus on key business financials, product portfolio, expansion strategies, SWOT analysis and recent developments
• Examination on drivers, restraints, key trends and opportunities prevailing in the industry.
• Examination of industry attractiveness with the help of Porter’s Five Forces analysis
• Comprehensive coverage of the market across different market segments
• Deep dive regional level analysis of the industry
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