Global Automotive Adaptive Front Lighting System Market 2018-2022
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.
Technavio’s analysts forecast the global automotive adaptive front lighting system market to grow at a CAGR of 12.90% during the period 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:
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 Technavio’s 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.”
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.
Valeo, Magneti Marelli, OSRAM, HELLA, KOITO MANUFACTURING, and STANLEY ELECTRIC.