Automotive smart headlights are technologically advanced headlights that provide maximum visibility without dazzling and angled lights to fill the blind spot while cornering within the dark, resulting in a reduced number of accidents. There are several features supporting the increasing use of automotive smart headlights, including beam assist, lane departure warning, intelligent back-up intervention, and intelligent blind-spot intervention.
Automotive Smart Headlights are rapidly gaining ground over conventional automotive headlights thanks to better illumination, increased safety along side OEM’s more inclination towards improving the driver’s experience.
As cars are getting semi-autonomous and are relying not only on powerful AI and cloud computing but also on front vision through lights, cameras and sensors. The key factors boosting the worldwide automotive smart headlight market growth are rise within the semi-autonomous driving trend and therefore the increase in R&D activities along side technological advancements in automotive smart headlights. additionally , a rise within the percentage of accidents in the dark and in inclemency conditions, resulting in a rise in concern towards driver’s safety are paving the way for smart headlights.
Currently, the automotive smart headlights are popular in premium luxury segments cars only. because the technology of automotive smart headlights gets more advanced, the typical asking price is predicted to ascertain a downward trend, the drop-in price will make smart headlights to become more viable for mid-range and entry-level luxury segment. Its adoption in medium-range and entry-level luxury segment cars will bolster the market growth.
Based on Product Type, Matrix LED segment is anticipated to steer the market during 2019-2026
Matrix LED segment captured the most important market share in 2018 and is predicted to dominate the market during the forecast period because it is cheaper and easier to develop compared to other sorts of smart headlights. However, Pixel Laser LED is predicted to grow at the very best CAGR that in the forecast period.
Based on Vehicle type, the car segment accounts for the most important market share in 2018 and is predicted to dominate the market within the upcoming years thanks to growing cost by the car manufacturers to implement new technologies.
Based on geography, Europe held the most important market share in 2018 and is predicted to dominate the market during the forecast period because the region is hub for majority of premium luxury car manufacturers. North America is projected to grow at the fastest CAGR that in 2019-2026 thanks to an increase in demand for advanced driver assistance featured automobiles, rising safety concerns of consumers and adoption of automotive smart headlight in premium cars. Asia – Pacific marketplace for automotive smart headlights is additionally learning , and it’s expected to witness relatively slower growth than North America.
Key Market Developments:
1. In 2019, HELLA and Plastic Omnium enter into a strategic partnership, for focussing on accelerating the holistic integration of lighting technologies and on providing the market with combined technologies and solutions.
2. In 2019, Koito Group announced a collaboration with Blickfield GmbH for the event of LiDAR which will be fully integrated into headlamps by exploring advanced technologies.
3. In 2018, ZKW Group announced a successful partnership between ZKW and LG Group to develop pioneering products for automotive concepts of the longer term and develop new products within the field of ADAS (Advanced Driver Assistance Systems).
Major key player in Global Automotive Smart Headlight market including, HELLA GmbH & Co. KGaA, Koito Manufacturing Co. Ltd., ICHIKOH Industries Ltd., ZKW Group GmbH, Huayu Vision Technology Co. Ltd. and Osram GmbH among others.
The Global Automotive Smart Headlight Market has been segmented supported product type, vehicle type, and key geographies. supported the merchandise type, the worldwide automotive smart headlight market has been segmented into Matrix LED; Pixel LED and Pixel Laser LED. supported vehicle type, the market has been segmented into Cars, Trucks and Motorcycles, et al. geographies.