Adaptive headlights are also called electric rideable or personal light electric vehicle. The rise in the demand and sale of electric vehicles, increasing adoption of automation system for adaptive headlights, and growing focus on enhancing the safety and efficiency of the adaptive headlights are factors that are set to drive the growth of the market.
Underdeveloped aftermarket services, lack of skilled professionals, and the high initial prices and maintenance costs associated with adaptive headlights are expected to hamper the market growth during the forecast period. However, technological advancement in adaptive headlights, changing lifestyle, and developing economies in emerging countries create ample opportunities for the expansion and growth of this market. The global automotive adaptive headlight’s market is poised to grow around USD 3 billion by 2025 at an estimated CAGR of 8% through the forecast period.
Market Research Analysis
The global Adaptive Headlights Market is segmented based on type, vehicle type, sales channel, and region. By type, the global market has been segmented into LED, Xenon, and Halogen. By vehicle type, the global market has been segmented into passenger car and commercial vehicle. On the basis of sales channel, the global market has been segmented into OEM and aftermarket.
By region, the global market for adaptive headlights is segmented as North America, Europe, Asia-Pacific, and the rest of the world. Asia-Pacific is expected to dominate the global Adaptive Headlights Market throughout the forecast period owing to the presence of emerging economies, such as China and India, rising sales of passenger cars, increasing usage of lighting on vehicles, and the increasing popularity of LED lights are contributing to the market growth in the region. Furthermore, in Asia-Pacific region, China is projected to grow at rapid pace over the forecast period due to growing large consumer base and developing economy. According to statistics from ‘Make in India’, India is the seventh largest producer of automobiles in the world. The rise in per capita disposable income of the middle-income groups and the propensity of buyer’s towards high end-luxury cars are propelling the growth of Adaptive Headlights Market in the country.
On the other hand, North America is projected to witness significant growth for the Adaptive Headlights Market. The growing demand for LED and Xenon headlights for passenger car in the US and Canada is expected to add to the growth of the market during the forecast period. In North America, the US is anticipated to grow at faster rate than Canada over the forecast period due stable economy, advanced technology, and presence of major players such as North American Lighting and Varroc Lighting Systems.
The Adaptive Headlights Market in Europe is expected to witness high growth due to the presence of many developed nations and the growing adoption of new technologies. The market in Europe is dominated by Germany and is projected to grow at a substantial rate due to the demand for headlights for off-road vehicles during the forecast period. The rest of the world is comprised of the countries in the Middle East & Africa and South America. South America is an emerging region that is incorporating technological advancements in the Adaptive Headlights Market at a rapid pace.
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Scope of the Report
This study provides an overview of the global Adaptive Headlights Market, tracking three market segments across four geographic regions. The report studies key players, providing a six-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific, and the rest of the world. The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global Adaptive Headlights Market by vehicle type, product, weight capacity, travel range, application, and region.
By Vehicle Type
- Passenger Car
- Commercial Vehicle