Automotive headlight systems market: Key market research findings
- Europe to showcase fastest-growth
- Laser headlights to be used in place of proximity sensors
- Key vendors – MW, Audi, Osram, ZKW, and Soraa
Technavio’s market research analysts predict the global market for automotive laser headlight systems to reach almost $5 million by 2020. The high energy efficiency of laser headlights, beneficial for end-users and OEMs, is the driving force behind the rising adoption of these systems. Due to the low power consumption, carmakers do not need to make any special arrangements for power supply to laser headlights. Laser headlights can run off the usual engine power on any powertrain type. Europe is expected to witness the highest growth in the market during the forecast period owing to the resurgence in European economies and decrease in regulatory sluggishness in the automotive industry. The projected influx of six new car models will contribute to the growth of the market in this region by 2020.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Laser headlights are likely to be used in the place of proximity sensors in collision avoidance systems in the coming years. The use of multiple laser diodes will help concentrate the beam in a narrow point to generate maximum utility from the power consumed. It is expected that laser headlights could come equipped as secondary inputs for the current advanced collision warning, advanced collision braking, adaptive cruise control, and advanced driver assistance systems in the coming months,” says Siddarth Jaiswal, Lead Analyst, Automotive, Technavio Research.
Automotive laser headlight systems provide the highest range compared to other headlight technologies. This is especially helpful in providing improved night-time visibility for riders and drivers. Several climate conditions have been tested and it has been proven that the ultra-coherent nature of the blue laser beams of BMW‘s laser headlights is useful for cutting through fog and poor visibility.
The key vendors in the global automotive laser headlight system market include MW, Audi, Osram, ZKW, and Soraa. The automotive industry comprises of manufacturers of automotive, optoelectronics, and lighting technologies, that provide multiple growth opportunities for the vendors. Significant clashes between the key vendors, BMW and Audi, who are competing in terms of production models is being observed in the market currently. Multiple competing technologies such as LEDs and HID Neon lights also co-exist in the market, making it imperative for vendors in the market to constantly come up with latest product offerings.
A more detailed analysis is available in the Technavio report, Global Automotive Laser Headlight System Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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