Acumen Research and Consulting, a global provider of market research studies, in a recently published report titled “Adaptive Front Light Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2020-2027”
LOS ANGELES, April 15, 2021 (GLOBE NEWSWIRE) -- The Global Adaptive Front Light Market is expected to grow at a CAGR of around 12.8% from 2020 to 2027 and reach the market value of over US$ 3,723.4 Mn by 2027.
The adaptive front light system is particularly designed to improve the view of the driver. These adjust the direction of the headlight by pointing the low-beam headlights into the corner according to the steering inputs and vehicle speed. The adaptive front light market is bifurcated on the basis of product type and vehicle type. By product types, adaptive front lights have been segmented into xenon headlight, LED headlight, laser headlight, and organic LED (OLED) headlight. Furthermore, on the basis of vehicle type, adaptive front light can be installed in passenger vehicles and commercial vehicles.
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The passenger vehicle segment is projected to experience the fastest growth with major CAGR over the forecast timeframe from 2020 to 2027. The segment is particularly gaining pace owing to the increasing demand for passenger vehicles across the globe. The increasing focus towards the installation of more advanced safety features in passenger vehicles by manufacturers is additionally accelerating the market value. Additionally, the fully adaptive LED-based headlamps are equipped in new series of BMW including G05 X5, G06 X6, G07 X7, G11/G12 7 Series LCI, and G14/G15/G16 8.
In 2019, Asia Pacific held the major share of the global market for the adaptive front light, and the region is also projected to continue with its dominance over the forecast timeframe. The emerging economies and increasing investment by major manufacturers in the regional market by the installation of production plants and other activities is adding to the regional market value. Moreover, the market is also anticipated to register major CAGR during the estimated period owing to the rapidly growing automotive industry. For instance, Mazda Motor Corporation, a Japan headquartered company has made improvements to its premium curve adaptive LED projector headlights which are available in the Mazda 3 sedan and hatchback. With this improvement, the company's 2020 Mazda CX-9 has earned a TOP SAFETY PICK+ award from the Insurance Institute for Highway Safety for models built after December.
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Some of the leading competitors are Continental, De Amertek Corp, Denso Corporation, Fraunhofer-Gesellschaft, HELLA GmbH & Co. KGaA, Hyundai Mobis, Johnson Electric, Koito Manufacturing, Magneti Marelli, Neolite ZKW, Robert Bosch, Stanley Electric, Texas Instruments Incorporated, and Valeo. Adaptive Front Light companies have announced mergers and acquisitions to expand their position in the adaptive front light industry. Major players are also moving into new regions and advanced technologies.
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Some of the key observations regarding the Adaptive Front Light industry include:
In 2020, OSRAM Opto Semiconductors GmbH has developed OSLON Boost, which enables the use of LED with 3A per square millimeter chip surface. It can also reach a great light concentration from a small emission surface.
The lineup models of BMW have been migrated towards the standard headlight technologies including standard LED, extended LED, fully adaptive LED, and laser. The BMW adaptive LED is the high-end illumination choice for the following models including F40 1 Series, F44 2 Series Gran Coupe, F22/F23 2 Series, F39 X2, F48 X1, F32/F33/F36 4 Series, G01 X3, G02 X4, G30/G31 5 Series, G32 6 Series, I01 i3, I12/I15 i8. Furthermore, the adaptive LED headlight of BMW vehicles particularly dependent on diodes for short and high phase beams for illuminating the desired road. Moreover, the lights get adjusted depending upon the traffic, vehicle speed, and road condition.
Audi Australia has revealed the price for the mid-range 40 TFSI S Line version of its new Q3 Sportback coupe-style small SUV in 2020. It is now available in the showroom priced from $61,900 plus additional on-road costs. The new 40 TFSI S Line is powered by a 132kW/320Nm 2.0-liter turbo-petrol four-cylinder engine. The company's 35 TFSI S Line is equipped with 110kW/250Nm 1.4-litre turbo-petrol four-cylinder petrol, variable-ratio steering, and adaptive LED headlights among others.
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