Automotive Intelligent Lighting Market Insights and Forecast to 2027 Explored In Latest


The global automotive intelligent lighting market is estimated to account US$ 3.22 Bn in 2018 and is expected to grow at a CAGR of 12.4% during the forecast period 2018 - 2027, to account to US$ 8.70 Bn by 2027.

Geographically, Europe holds the largest automotive intelligent lighting market share, owing to rapid technological developments, numerous investments, and supportive Government policies in the European countries. However, North America automotive intelligent lighting market is projected to grow with the highest growth rate during the forecast period. One of the major factors that has led to the development of automotive lighting solutions is the increasing accidents and fatalities observed in North America while driving in the dark.

As per the data from NHTSA, close to 50% of the driver fatalities and approximately 70% of the pedestrian deaths have occurred during dark driving times. While, the urban roads and highways in the North American region are equipped with robust overhead lighting infrastructures, the other rural roads are not that sophisticated enough. The absence of proper illumination on the rural North American roads have been the major cause for accidents. This as a result has positively impacted automotive intelligent lighting market.

Top Companies Mentioned: Automotive Lighting LLC, HELLA GmbH & Co. KGaA, Koito Manufacturing Co., Ltd., Lumileds Holding B.V., OSRAM Continental GmbH, Robert Bosch GmbH, SL Corporation, Tungsram, Valeo SA, Varroc Group

Comments

Post a Comment

Popular posts from this blog

Top 10 Companies in Aircraft Environmental Control System Industry

Image
There is significant growth in the commercial aviation industry in the past decade. The airlines in the developed, as well as developing nations, are ordering increased number of aircraft to meet the constantly rising air travel demand. Owing to the continuously growing disposable income among the population in developing and developed regions across the globe, the need for air travel is also increasing at a similar pace.  The commercial air traffic is anticipated to maintain a constant growth rate over the years, despite different challenges such as rising aviation fuel costs, technical faults causing accidents and others. However, the barriers are succeeded by the increase in the number of passengers and thus, the number of aircraft across the globe. Download Sample PDF Brochure at :   https://www.theinsightpartners.com/sample/TIPRE00006649/ The report enables you to- Formulate significant competitor information, analysis, and insights to improv...
Read more

The Role of Artificial Intelligence in the Aviation Industry

Image
Growing urbanization has resulted in advent of several disruptive technologies including the artificial intelligence. The AI has become integrated fragment of almost the sectors and recently the technology has also taken a plunge into aviation sector. Autopilot and flight management system are some of the key areas of implementation of the AI in aviation industry. The Artificial Intelligence in Aviation market is anticipated to grow in the forecast period owing to driving factors such as readily available advanced computing capabilities and explosion in the data availability and processing needs. The market is likely to showcase opportunities as the industry continues to invest in its IT and analytics capabilities. Furthermore, integration of connectivity on-board is also expected to provide the market with significant growth motivation.                                         ...
Read more