Global Automotive Laser Lighting Market: Brief Analysis of Products and Application Set to Attain Higher Position Through 2028

Posted on 2018-07-16 by Mark Hub in Automotive // 0 Comments

ROCKVILLE, US, 2018-Jul-16 — /EPR Network/ — The technology for automotive lighting started off as a primitive and low cost solution for providing illumination inside and around a car. It started out with the use of incandescent lamps that were bulky and hot and consumed large amounts of battery power. Then the transition happened, wherein developers capitalised on LED, HID and Xenon technologies for lighting purposes. These technologies offer better illumination, consume less power and are more reliable than incandescent lamps. Pushing the boundaries even further, automotive laser lighting came into foray with BMW i8 electric vehicle as the Launchpad for such technology. Automotive laser lighting is a step ahead of other lighting systems as it possesses higher illumination range, which aids in ensuring safety without compromising the power requirements. Coherence of laser lighting also makes it an attractive prospect for the manufacturers to tap into, thereby benefitting the growth of automotive laser lighting market. From the perspective of electric vehicles, automotive laser lightings are particularly advantageous owing to the fact that they consumes less electricity.

Request ToC of Report @ https://www.factmr.com/connectus/sample?flag=T&rep_id=884

Automotive Laser Lighting Market: Dynamics

In addition to vehicle production being the major driver for the automotive laser lighting market, penetration of this technology in vehicles is also increasing owing to the dominance of LED and other forms of lighting in the market today. The automotive laser lighting market is still in its nascent stage and hence, in the current market scenario, it has registered only single digit penetration rate. Numerous high end flagship models manufactured by various automakers come factory fitted with such lighting systems. This is improving the sales revenue of the automotive laser lighting market. Aftermarket options are also likely to widen in the upcoming years owing to increasing activities pertaining to customization, which can aid in the growth of the automotive laser lighting market. On the contrary, complexity and high price of systems can act as a roadblock to the growth of the automotive laser lighting system market. Moreover, overarching domination of LED lighting can also hinder the growth of the automotive laser lighting market during the forecast period.

The focus on manufacturing and utilization of electric vehicles has never been as high as it is now. Consumption of electric power by laser lighting systems is comparatively lower than LED systems and hence, electric vehicle manufacturers are likely to look forward to implementing automotive laser lighting in their models. Players operating in the automotive laser lighting market majorly belong to the organised segment owing to the high cost of raw materials, complexity of systems and is still in its development stages.

Automotive Laser Lighting Market: Regional Outlook

North America, Europe and Asia Pacific take up the majority of the share in the global production, surpassing other regions by a large margin. However, installation rate must also be taken into consideration as it differs from region to region. The automotive Laser Lighting market in North America and Europe will witness higher installation rate owing to higher demand for luxury cars while this may not be the case in Asia Pacific market as customers in the region usually opt for low-end cars with basic features. Nevertheless, the automotive Laser Lighting market in the above regions is expected to grow at a slow pace during the first half of the forecast period and will eventually pick up during the second half. The market in Latin America and other emerging regions will depend on the performance of the automotive laser lighting market in developed regions. Hence, the market in these regions will pick up steam once the market in developed regions has attained maturity.

Automotive Laser Lighting Market: Participants

Examples of some of the players actively involved in automotive Laser Lighting market are:

OSRAM Licht AG
Magneti Marelli S.p.A. (Automotive Lighting)
Audi AG (Developer)
BMW Group (Developer)
Zizala Lichtsysteme GmbH (Developer)
SLD Laser

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

To Know More About Automotive Laser Lighting Market @ https://www.factmr.com/report/884/automotive-laser-lighting-market

The report covers exhaust analysis on:

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

Regional analysis includes:

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current, and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint

Pre Book Global Automotive Laser Lighting Market @ https://www.factmr.com/checkout/884/S

About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Automotive Goods Market Research Reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

Matched content

Editor’s pick