According to a market report by Lucintel, the future of the automotive laser headlight market looks promising with opportunities in the passenger car and light commercial vehicle markets. The automotive laser headlight market is expected to grow with a CAGR of 69% from 2019 to 2024. The major growth drivers for this market are rising awareness on energy-efficient lighting systems and growing sales of luxury vehicles equipped with advanced lighting systems, and an inclination towards comfort and safety features.
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Within the automotive laser headlight market, passenger cars, and light commercial vehicles are the major end use industries. Passenger car is the largest end use segment for automotive laser headlight market.
Asia Pacific will remain the largest region over the forecast period as the Chinese buyers are opting for newer and better vehicle models, acceptance of new technologies, such as ambient lighting and adaptive lighting which results in creating new demand for laser headlights.
OSRAM, Robert Bosch, Valeo, SORAALASER, and ZKW Group are among the major manufacturers of automotive laser headlight.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the automotive laser headlight market by end use, by sales channel, and by region. Lucintel has prepared a comprehensive research report titled "Automotive Laser Headlight Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the automotive laser headlight market by end use, by sales channel, and by region as follows:
By End Use [$M shipment analysis for 2013 – 2024]
Passenger Car
Small cars
Compact cars
Mid-Sized cars
Luxury cars
SUVs & Crossovers
Light Commercial Vehicle
By Sales channel [$M shipment analysis for 2013 – 2024]
By Region [$M shipment analysis for 2013 – 2024]
North America
Europe
Germany
Russia
France
United Kingdom
Italy
Asia Pacific
Japan
India
South Korea
Indonesia
China
The Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/automotive-laser-headlight-market.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.