Automotive Adaptive Lighting Market to Cross Us$ 3.55 Bn by 2023: Credence Research

Automotive Adaptive Lighting Market To Cross US$ 3.55

Bn By 2023: Credence Research

According to a new market research report published by Credence Research“Automotive Adaptive

Lighting Market (Technology – Halogen, LED and Xenon; Vehicle Class – Passenger Vehicles, LCV and HCV)

- Growth, Share, Opportunities, Competitive Analysis and Forecast 2016 - 2023”,the global automotive

adaptive lightingmarket is projected to cross the US$ 3.55 Bn mark by 2023.

The complete report is available at http://www.credenceresearch.com/report/automotive-adaptivelighting-market

Market Insights

The conventional light systems used in automobiles do not provide sufficient illumination on curve roads.

This makes the illumination unreliable resulting into high possibility of collision on curve roads. According

to the U.S. National Highway Traffic Safety Administration, despite the fact only 25% of the overall traffic

travels occurs during night time, over 50% of the total number of accidents occur during dark.Thus, it

becomes highly essential to develop effective and advanced lighting solutions that can eliminate the need

for prediction by drivers on turnings. Adaptive lighting system, also called as adaptivefront lighting system

(AFS) helps improving visibility of driver during night and hence ensures better safety.

The most significant factor fueling the adaptive lighting systems market is the steadily rising automotive

industry worldwide. These lighting systems are currently popular only in high-end and medium-end cars.

Rising middle/upper-middle class population has led to strong demand for medium and high-end cars,

especially in the Asia Pacific region. Due to increasing regulations across the industry for driver safety,

adaptive lighting systems may soon find large room in low end cars as well. This is another major factor

expected to bolster the market growth in the coming years. As a result, the overall automotive lighting

industry is estimated to...