Insights on the Global Automotive Intelligent Lighting System Market 2020-2024 | COVID-19 Analysis, Drivers, Restraints, Opportunities and Threats | Technavio

The global automotive intelligent lighting system market size is expected to reach USD 2.93 billion during 2020-2024. However, the market is expected to decelerate at a CAGR of 5% during the forecast period. Download Free Sample Report

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

The increasing adoption of automotive intelligent lighting system as a product differentiator is one of the major factors propelling market growth. However, factors such as high price of automotive intelligent lighting system may hamper market growth.

The adoption of automotive intelligent lighting systems is increasing as it offers high safety benefits while driving. In the automotive sales market, it is being also marketed by vehicle manufacturers as a product differentiator. OEMs offer automotive intelligent lighting systems to provide vehicles with greater aesthetic appeal and enhance the vehicle's exterior and interior lighting features. The design and architecture of the automotive intelligent lighting system offer vast styling diversity and acts as a unique brand signature. Thus, different OEMs are using it as a brand differentiator. For instance, BMW collaborated with OSRAM's special lighting division for the development of its headlights.

More details: www.technavio.com/report/automotive-intelligent-lighting-system-market-industry-analysis?

Global Automotive Intelligent Lighting System Market: Product Landscape

Based on the product segmentation analysis, the adaptive exterior lighting segment is expected to witness lucrative growth during the forecast period. The growing demand and installation of adaptive exterior automotive lighting will stimulate the market share of this segment in the automotive intelligent lighting system market.

Global Automotive Intelligent Lighting System Market: Geographic Landscape

As per Technavio's geographic segmentation, the Asia Pacific region is expected to experience significant growth during the forecast period. The growth of the automotive intelligent lighting system market in APAC can be attributed to the increasing emphasis on equipping automobiles with advanced safety and convenience features.

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Companies Covered

• De Amertek Corp.
• Hella GmbH & Co. KGaA
• J.W. Speaker Corp.
• Koito Manufacturing Co. Ltd.
• Marelli Holdings Co. Ltd.
• OSRAM Licht AG
• Stanley Electric Co. Ltd.
• Valeo SA
• Varroc Engineering Ltd.
• ZKW Group GmbH

What our reports offer:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers market data for 2019, 2020, till 2024
• Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

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 Intelligent 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 intelligent lighting system market growth during the next five years
• Estimation of the automotive intelligent 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 intelligent 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 intelligent lighting system market, vendors

Table of Contents:

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

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 Product

• Market segments
• Comparison by Product
• Adaptive exterior lighting - Market size and forecast 2019-2024
• Ambient interior lighting - Market size and forecast 2019-2024
• Market opportunity by Product

Customer landscape

• Overview

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• North America - Market size and forecast 2019-2024
• Europe - 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

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

• Vendor landscape
• Landscape disruption
• Competitive scenario

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• De Amertek Corp.
• Hella GmbH & Co. KGaA
• J.W. Speaker Corp.
• Koito Manufacturing Co. Ltd.
• Marelli Holdings Co. Ltd.
• OSRAM Licht AG
• Stanley Electric Co. Ltd.
• Valeo SA
• Varroc Engineering Ltd.
• ZKW Group GmbH

Appendix

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

For more information about this report visit www.technavio.com/report/automotive-intelligent-lighting-system-market-industry-analysis?

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View source version on businesswire.com: https://www.businesswire.com/news/home/20200714005846/en/