Global Automotive Adaptive Rear Lighting System Market 2017-2021
About Automotive Adaptive Rear Lighting System
The adaptive rear lighting is a system that measures the visibility condition, modulates the intensity of the light, and provides signaling according to the perception level needed. The other function of adaptive rear lights is to control the rear signaling lamp according to the ambient light level. These lamps can adapt to the needs of the driver and according to the weather conditions. The system is similar to the adaptive front lighting system, which can adapt to different road and driving conditions.Technavio’s analysts forecast the global automotive adaptive rear lighting system market to grow at a CAGR of 10.36% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive adaptive rear lighting system market for 2017-2021. To calculate the market size, the report considers passenger cars equipped with the automotive adaptive rear light system provided by OEMs in vehicles.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Adaptive Rear Lighting System Market 2017-2021
Technavio recognizes the following companies as the key players in the global automotive adaptive rear lighting system market: Hella, KOITO, Magneti Marelli, Valeo, and OSRAM.
Other Prominent Vendors in the market are: Continental, ZKW Group, FELIO, Stanley Electric.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is introduction of laser and OLED in rear lighting system. Laser and OLED lights are the most advanced and modern lighting technologies used in automobiles. However, these are limited to luxury cars owing to their high costs. As these technologies are still in a nascent stage, their adoption may increase in all types of cars in future as vendors are striving to introduce low-cost OLEDs and lasers in a wide range of vehicles.”
According to the report, one driver in the market is LED driving the adaptive rear lighting system market. The thrust of energy efficiency is changing the automotive lighting system market. With technological advancement, conventional lamps are being replaced with efficient lighting ranging from basic LED lights to the ones with sophisticated features. Performance, product design, and the road safety conferred by lighting system in vehicles plays a significant role in boosting the sales of vehicles. Vendors in the automotive lighting industry are increasingly focusing on technological innovations to expand their customer base.
Further, the report states that one challenge in the market is cost of raw materials used in LEDs. The rising costs of raw materials used in automotive LED lighting can restrict the growth of the adaptive rear lighting system market. The primary function of adaptive rear lighting is varying the intensity of lights according to the external environment, which can be easily done with LED. A precursor, the core material that ensures optimal light efficiency of LED epilayers (the contact layer between a pair of epicrystals), is used in MOCVD process, an important process in manufacturing LED chips. TMGa is the most widely used precursor for manufacturing LED lights and holds 94% of the total demand.
Hella, KOITO, Magneti Marelli, Valeo, OSRAM, Continental, ZKW Group, FELIO, Stanley Electric.