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Passenger Car Laser Headlight Market by End User (Original Equipment Manufacturer (OEM) and Aftermarket): Global Opportunity Analysis and Industry Forecast, 2020–2027

A07799
Pages: NA
Dec 2020 | 106 Views
 
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Passenger Car Laser Headlight Market Outlook -2027 

Laser headlights are the components used in a passenger car for illuminating the road surface to increase the safety& security, and also to avoid the risk of collision.Passenger carlaser headlights mainly involve of laser diodes and a phosphorous lens. Thereby, an innovative technology which is used in the passenger carsand offers high energy efficiency with considerate brightness. Furthermore, laser headlamps offer four times the brightness when compared to a LED-powered light. However,the laser beams do not directly flashthe powerful light on the road.Firstly, the laser is launched on the mirrors fused into the headlight system, which later is projected on a yellow phosphorous lens which finally produces high intensity white light. The laser technology usesa lesser amountof energy to function and are considerably small in size than the normal lighting systems. These laser headlamps are mostly found in luxury passenger cars due to an expensive cost. Therefore, the high visibility and compact size for the laser headlamps is expected to drive the market growth for the passenger car laser headlight market growth.

Market scope and structure analysis:

                 Report Metric

                                           Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value (USD)

  Segments covered

  End user and Region

  Regions covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and The Middle East and Africa

  Companies covered

OSRAM, Robert Bosch, Valeo, SORAALASER, ZKW Group, Philips, Palmar technologies, Leaser components, Koito Manufacturing Ltd, Hella and Magneti Marelli.

 

COVID-19 scenario Analysis: 

  • A consumer is not able to leave the shelter owing to the pandemic which has made it very difficult for the passenger car laser headlight industry to deliver the product due to which all the production operations were disrupted and automobile showrooms were closed. 
  • China, one of the major manufacturing hubs of the automotive laser headlights industry, was significantly affected by the covid-19 which further resulted in a complete halt for the production operations for the passenger car laser headlamps.
  • Multiple automotive industries in China, Germany, U.S. and others are facing severe effects due to the lockdown declared by the governments across the affected countries which further led to the closure of the manufacturing operations thereby, disrupting the demand and supply cycle for the passenger car laser headlight manufacturers. 

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

Laser headlights are considerably efficient when compared to the other lighting options such as LEDs, compact size and high visibility range are driving the growth of the market. However, high price is expected to hamper the growth of the market. Contrarily, adverse weather condition & increase in pollution levels and rise in demand for passenger safety helps in the growth of laser headlight systems can be seen as an opportunity for the market investments.

The passenger car laser headlight market trends are as follows:

Rise in demand for passenger safety

An increase in the number of vehicle collisions after nightfall has led to the implementation of laser technology in headlights. The laser headlights increase the visibility of the roads at night ensuring the safety of passengers as well as the pedestrians. Furthermore, consumers frequently wait for advanced safety features such as laser headlamps and are willing to pay for security. Additionally, the manufacturers are continuously upgrading the safety features in a passenger vehicle. For instance, organizations such as new car assessment program (NCAP), are investing in research & development to design innovative automobiles having various safety features such as anti-lock braking system (ABS), laser headlamps and others. Therefore, a significant rise in demand for the passenger safety is anticipated to boost the market growth for the passenger car laser headlightmarket during the forecast period.

Key segments covered:

         Segments

                                   Sub-segments

  End User

  • Original Equipment Manufacturer (OEM)
  • Aftermarket

  Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Turkey
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA


Key benefits of the report:

  • This study presents the analytical depiction of the passenger car laser headlight industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with challenges of the passenger car laser headlight market.
  • The current market is quantitatively analyzed from 2019 to 2027 to highlight the passenger car laser headlight market growth scenario.
  • We can also determine laser headlamps will remain a significant revenue shareholder in the passenger car laser headlight market through the predictable future.

Questions answered in the global passenger car laser headlight market research report:

  • Which are the leading market players active in the passenger car laser headlight market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
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