Technavio
Announces the Publication of its Research Report Global
Automotive Adaptive Front Lighting System Market 2018-2022
Technavio
recognizes the following companies as the key players in the global automotive
adaptive front lighting system market: Valeo, Magneti Marelli, OSRAM, HELLA,
KOITO MANUFACTURING, and STANLEY ELECTRIC.
Commenting
on the report, an analyst from Technavios team said: One trend in the market is
growing number of fatalities leading to adoption of automotive AFLS. The
growing number of road accidents at night causing severe injuries and
fatalities has been a major reason for the adoption of the automotive AFLS.
Incorporating AFLS in vehicles has been successful in reducing such fatalities,
and the fatalities are higher in regions where there is low penetration of
AFLS.
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According
to the report, one driver in the market is AFLS used as a product
differentiator. Apart from the safety benefits AFLS offers while driving, it is
being used and advertised by vehicle manufacturers as a product differentiator.
OEMs offer AFLS to provide vehicles with enhanced aesthetic appeal and to
increase the attractiveness of the vehicle's exterior. The design and
architecture of the AFLS offers vast styling diversity acting as a unique brand
signature. Due to its compactness, lightweight, and design flexibility, the
AFLS acts as a brand imager for OEMs. Thus, different OEMs are using it as a
brand differentiator.
Further,
the report states that one challenge in the market is high price of AFLS. The
AFLS is an active safety feature that provides drivers with more precise and
safer driving experience than a conventional lighting system. The AFLS has been
featuring in the North American market since 2003. Earlier, it was mostly
offered as an optional feature in premium and luxury brands. However, now they
are being incorporated in more vehicle models.
The
study was conducted using an objective combination of primary and secondary
information including inputs from key participants in the industry. The report
contains a comprehensive market and vendor landscape in addition to a SWOT
analysis of the key vendors.
About Automotive Adaptive Front
Lighting System
Adaptive
front lighting system (AFLS) is a dynamic safety feature tailored to make
driving easier and safer at night and in low-light conditions by increasing
visibility. The AFLS augments the distribution of light according to driving
circumstances.
Technavios
analysts forecast the global automotive adaptive front lighting system market
to grow at a CAGR of 12.90% during the period 2018-2022.
Complete Report with
TOC Available @ https://marketreportscenter.com/reports/573763/global-automotive-adaptive-front-lighting-system-market-2018-2022
Covered in this report
The
report covers the present scenario and the growth prospects of the global
automotive adaptive front lighting system market for 2018-2022. To calculate
the market size, the report presents a detailed picture of the market by way of
study, synthesis, and summation of data from multiple sources.
The market is divided into the
following segments based on geography:
·
Americas
·
APAC
·
EMEA
Technavio's
report, Global Automotive Adaptive Front Lighting System Market 2018-2022, has
been prepared based on an in-depth market analysis with inputs from industry
experts. The report covers the market landscape and its growth prospects over
the coming years. The report also includes a discussion of the key vendors
operating in this market.
Key vendors
·
Valeo
·
Magneti Marelli
·
OSRAM
·
HELLA
·
KOITO MANUFACTURING
·
STANLEY ELECTRIC
Market driver
·
AFLS used as a product differentiator
·
For a full, detailed list, view our
report
Market challenge
·
High price of AFLS
·
For a full, detailed list, view our
report
Market trend
·
Growing number of fatalities leading to
adoption of automotive AFLS
·
For a full, detailed list, view our
report
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