Intelligent Lighting Corp

Jun 13, 2022

| Technavio News provided by Share this article Share this article NEW YORK, June 13, 2022 /PRNewswire/ -- The " Global Automotive Intelligent Lighting System Market by Product and Geography - Forecast and Analysis 2021-2025 " report has been added to Technavio's offering. According to the 125-pages report, the market will observe a decremental growth of USD 2.32 billion between 2020 and 2025. Also, the growth momentum is expected to decelerate at a CAGR of 4.74% during the forecast period. The market is anticipated to observe steady growth in APAC and the region is offering significant growth opportunities for market players. Technavio has announced its latest market research report titled Global Automotive Intelligent Lighting System Market by Product and Geography - Forecast and Analysis 2021-2025 Download a Report Sample Now to get more details about the market size, growth momentum, current market scenario, and other important aspects of the market. Vendor Landscape: The global automotive intelligent lighting market is fragmented, and the degree of fragmentation will decelerate during the forecast period. The market is characterized by the presence of several well-established vendors. Vendors in the market are increasing their R&D efforts to introduce new and innovative products and stay ahead of the competition. Some vendors are forming strategic alliances and M&As. For instance, in March 2021, HELLA GmbH & Co. KGaA entered a partnership with connected vehicle data provider Wejo to develop new data-based business models and enhance the performance of HELLA s sensor portfolio. Similarly, in April 2021, Marelli and WHST (Wuhu SensorTech Intelligent Technology Co. Ltd.), a high-tech radar specialist, signed a master cooperation agreement focused on radar sensors devoted to advanced driver assistance systems (ADAS) and autonomous driving (AD) applications. Technavio identifies De Amertek Corp., HELLA GmbH & Co. KGaA, J.W. Speaker Corp., KOITO MANUFACTURING CO., Ltd., Marelli Holdings Co. Ltd., OSRAM GmbH, Stanley Electric Co. Ltd., Valeo SA, Varroc Engineering Ltd., and ZKW Group GmbH as some of the major market participants. Although the increasing adoption of automotive intelligent lighting systems as a product differentiator, improvements in automotive intelligent lighting technology with the adoption of LED technology in vehicles and stringent government regulations on safety features in vehicles will offer immense growth opportunities, malfunctioning of automotive adaptive rear lighting systems will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Automotive Intelligent Lighting System Market 2021-2025: Segmentation The global automotive intelligent lighting system market is segmented as below: Product Ambient Interior Lighting The market observed high demand for adaptive exterior lighting in 2021. The rising need for the adoption of safety features such as emergency crash avoidance technologies in vehicles is one of the key factors driving the growth of the segment. The market growth in the segment will be significant during the forecast period. Geography Automotive Intelligent Lighting System Market 2021-2025: Vendor Analysis We provide a detailed analysis of around 25 vendors operating in the automotive intelligent lighting system market. Backed with competitive intelligence and benchmarking, our research report on the automotive intelligent lighting system market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support. Automotive Intelligent Lighting System Market 2021-2025: Key Highlights CAGR of the market during the forecast period 2021-2025 Detailed information on factors that will assist automotive intelligent lighting system market growth during the next five years Estimation of the automotive intelligent lighting system market size and its contribution to the parent market Predictions on upcoming trends and changes in consumer behavior The growth of the automotive intelligent lighting system market Analysis of the market's competitive landscape and detailed information on vendors Comprehensive details of factors that will challenge the growth of automotive intelligent lighting system market vendors Related Reports: About Us Technavio is a leading global technology research and advisory company. 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