Automotive Smart Headlight Market

The global Automotive Smart Headlight market is projected to reach USD 3,456 million by the end of 2026, growing at a CAGR of 11.7% during 2019-2026.

Automotive smart headlights provide optimum visibility with high beam assistance, intelligent blind-spot intervention, lane departure warning. The other supporting features for the use of these headlights include intelligent back-up intervention, angled lights filling the blind spot and minimizing road accidents while cornering in the dark area.

Improved illumination, increased road safety coupled with OEM’s focus on making driving experience better and safer are some of the factors due to which the automotive smart headlights are rapidly gaining traction over the traditional automotive headlights in premium cars.

The introduction of semi-autonomous cars, which relies on cutting edge technologies such as cloud computing and powerful AI along with the front visibility cameras, lights and sensors are will further boost the demand for automotive smart headlight. Technological advancements in the automotive smart headlights led by increasing R&D activities are the factors driving the growth of global automotive smart headlight market during forecast period. For instance: Osram GmbH is developing “hybrid LED Eviyos” for car headlight which the world’s first hybrid LED, this smart headlight has more than 1000 pixels which are individually controlled. The expected market launch of the first generation of Eviyos is planned for 2020.

At present, the market for automotive smart headlights is primarily driven by premium luxury car segment as the cost of the headlights is very high. Advancements in the headlights technology is expected to reduce the average selling price in the future, this will make the smart headlights feasible to be use in mid-range and entry-level luxury segment cars. Adoption of automotive smart headlights by manufacturers in entry-level and medium-range luxury cars segment will further spur the market growth during the forecast period.

Based on Product Type, Pixel Laser LED segment is anticipated to grow at the fastest rate in the market during 2019-2026

Pixel Laser LED segment is expected to witness significant growth rate during the forecasted period because of luminance intensity of laser is stronger as compared to LED which increases the efficiency of optical system and reduce energy consumption. Features such as optimum visibility providing increased visual range along with less power consumption are responsible for the increased adoption of these lights in automobiles in the forecast period.

Based on Vehicle type, the car segment accounted for the largest market share in 2018 and it is expected to dominate the market in the coming years as customer demand premium features in luxury cars. These factors have contributed towards the adoption of automotive smart headlights in the cars segment.

Based on geography, Europe held the largest market share in 2018 due to large number of premium automobile manufacturers present in the region and increase in awareness regarding the road safety measures among the people. North America is projected to grow at the fastest CAGR during 2019-2026 due to the amendment in the policies by the U.S government leading to the growth of smart headlight.

The Global Automotive Smart Headlight Market has been segmented based on product, vehicle type, and key geographies. Based on the product, global automotive smart headlight market has been segmented into Matrix LED, Pixel LED, Pixel Laser LED. Based on vehicle type, the market has been segmented into Cars, Trucks and Motorcycles.

Key questions answered in this research report:

• At what pace is Global Automotive Smart Headlight market growing, globally? What will be the growth trend in future?
• What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints over the coming     years?
• What are the regional Automotive Smart Headlight revenue and forecast breakdowns?
• Which are the major regional revenue pockets for growth in the global Automotive Smart Headlight Market?
• What are the various application areas and how they are poised to grow?

Market Segmentation

By Product Type

• Matrix LED
• Pixel LED
• Pixel Laser LED

By Vehicle Type

• Cars
• Trucks
• Motorcycles

By Geography

• North America

As a part of the customization
o By Product Type
o By Vehicle Type
o US
o Canada

• Europe

As a part of the customization
o By Product Type
o By Vehicle Type
o UK
o Germany
o France

• APAC

As a part of the customization
o By Product Type
o By Vehicle Type
o India
o Japan
o Rest of APAC

• ROW

As a part of the customization
o By Product Type
o By Vehicle Type
o Brazil
o South Africa