The Japan automotive adaptive lightning systems market size is expected to expand at a significant CAGR of more than 6% during the forecast period, 2021–2028. The growth of the market is attributed to increasing sales of SUVs & high-end cars and advancement of lighting technology.
Lighting plays an important role in motor vehicles by illuminating the roads for driver. In addition, the lighting system can also help other drivers and pedestrians in traffic, determine the location, direction, and size of the vehicle as well as vehicle exterior components that increase the visibility of vehicle at the same time. It consists of lighting and signaling devices. The lighting device is installed in different positions such as the front, rear, top, and interior of the vehicle. As a cheap and easily available technology, Al is the most widely used lighting technology, including xenon and LED as other known lighting technologies.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing concern for road safety and rising disposable income of vehicle owners are expected to boost the market during forecast period.
- Rapid growth of the automotive industry due to increasing demand for SUVs and luxury cars is major factors fueling the market in coming years.
- Strict lightning regulations by government for road safety and better visibility are projected to drive the market during forecast period.
- High cost of lightning systems such as led lights is anticipated to restrict the market growth.
- Lack of awareness among people about advantages of led lightning systems and affordability possess as major challenges that can hamper the market growth during the forecast period.
- R&D investment and technological advancement of led lights to reduce its cost and demand for vehicles in automotive industry is projected to offer immense opportunities for the market players.
Scope of the Report
The report on the Japan automotive adaptive lightning systems market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Automotive Adaptive Lightning Systems Market - Japan Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Vehicles Types (Mid-segment Passengers Cars, Sports Cars, and Premium Vehicles), Types (Front and Rear), and Sales Channel Type (OEM and Aftermarket)
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Geography
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Japan
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Stanley Electric Co. & Ltd., OsRam Licht AG, Koninklijike Philips N.V, Koito Manufacturing Co. Ltd., and HELLA KGgaA Hueck & CO.
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Market Segment Insights
The passenger cars segment is projected to account for a key market share
Based on vehicle types, the Japan automotive adaptive lightning systems market is segregated into mid-segment passenger cars, sports cars, and premium vehicles. The passenger cars segment is expected to represent a key share of the market during the forecast period. Regardless of the type of vehicle, the passenger car is the rapid growing segment in the field of automotive adaptive headlights. Due to the increasing disposable income and changing lifestyles of the urban population, the demand for passenger cars is growing significantly. In addition, the growing outlook for the car rental business is driving car purchases.
The front segment is expected to grow at a rapid pace
Based on types, the market is bifurcated into front and rear. The front segment is expected to represent a key share of the market during the forecast period owing to ensuring the safety of passengers and providing drivers with a first-class driving experience h. From ABS and EBS to advanced cruise control systems, automakers have transformed their research on advanced driver assistance systems into adaptive lighting, also known as vehicle adaptive headlights and are one of the efforts as part of the active safety system. Although major domestic automobile manufacturers (OEMs) are launching vehicles with adaptive headlights, this function is mainly used in high-end SUVs and luxury cars.
The OEM segment is anticipated to expand at a substantial CAGR
Based on sales channel type, the Japan automotive adaptive lightning systems market is bifurcated into OEM and aftermarket. The OEM segment is expected to represent a key share of the market during the forecast period. Original equipment manufacturer (OEM) automotive adaptive lightning systems sales are directly proportional to the global production of passenger cars, passenger vehicles, and premium vehicles. Regional players purchase high-quality led lights to improve the safety and visibility and ensure driver comfort. Due to the increasing demand for high-quality products, OEMs often rely on dedicated sales channels.
Segments
Segments Covered in the Report
The Japan automotive adaptive lightning systems market has been segmented on the basis of
Vehicle Types
- Mid-segment Passenger Cars
- Sports Cars
- Premium vehicles
Sales Channel Types
Types
Key Players
- Stanley Electric Co. & Ltd.
- OsRam Licht AG
- Koninklijike Philips N.V
- Koito Manufacturing Co. Ltd.
- HELLA KGgaA Hueck & CO.
Competitive Landscape
Key players competing in the Japan automotive adaptive lightning systems market include Stanley Electric Co. & Ltd., OsRam Licht AG, Koninklijike Philips N.V, Koito Manufacturing Co. Ltd., and HELLA KGgaA Hueck & CO.
Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.
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