Automatic High Beam Control Market Overview
The automotive high beam control market Demands 2024 cross a valuation of USD 12 billion by
2032-end, confirms Market Research Future (MRFR). MRFR also projects the market
to achieve a growth rate of 6% over the forecast period (between 2024 and 2032),
despite the COVID-19 impact. We will provide COVID-19 impact analysis with the
report, offering detailed market developments following the coronavirus disease
outbreak.
Key Boosters and Top Barriers
The COVID-19 outbreak has landed the automotive industry in a
soup, with major companies shifting their manufacturing from China to other
countries such as India. The global pandemic led to a strict lockdown across
countries, following which manufacturing companies were forced to close down
and curfews were imposed. This weakened the production level of several auto
products, which also includes digital cockpits. The impact of SARS-CoV-2 on the
industry has been such that the consumer behavior has changed immensely, as
they are forced to buy only essential products.
However, even as the novel coronavirus is leading to certain
revenue loss, the Automatic High Beam Control Market Demands can benefit from
the mounting demand for vehicles with automatic headlights and the alarming
rise in the number of road accidents. The rising concerns regarding driver and passenger’s
safety, escalating sales of luxury cars and the strict regulations with regard
to driving can also induce substantial revenue generation during the appraisal
period. The accelerated growth rate of per capita income of people in India and
China, rising preference for eco-friendly vehicles, high inclination towards luxury
vehicles that have premium features, and emerging countries like India,
Argentina and Brazil are presenting the market with a host of growth
opportunities.
Another noteworthy factor can be the surge in technology innovations
in automotive HBS systems, including the concept of adaptive LED headlights, smart
HBS and the growing integration of artificial intelligence with automatic high
beam control for better scene interpretation as well as efficient object
detection. In July 2020, Nvidia collaborated
with Mercedes-Benz to develop an in-vehicle computing system along with an AI
infrastructure that will start by 2024. Both the companies are expected to roll
out cars with upgraded driving functions, including advanced high beams that
use signals coming from the road conditions.
Latest News
July 2020
Nissan has launched its latest
Nissan Ariya, its first all-electric SUV that has a range of advanced safety
systems, such as automatic high beam control assist along with blind spot
warning and intelligent emergency braking.
Renowned Industry Vendors
The most renowned industry vendors listed in the report include Aptiv
Plc (Netherlands), Koninklijke Philips N.V. (Netherlands), Denso Corporation
(Japan), Robert Bosch GmbH (Germany), Gentex Corporation (US), Hyundai Mobis
(South Korea), Stanley Electric Co., Ltd. (Japan), Federal-Mogul (US), Magneti
Marelli S.p.A. (Italy), Lear Corporation (US), NXP Semiconductors N.V.
(Netherlands), Valeo (France), Renesas Electronics Corporation (Japan),
Flex-N-Gate Corporation (US), OSRAM Licht AG (Germany), North American Lighting
(US), Continental AG (Germany), Hella KGaA Hueck & Co. (Germany), to
mention a few.
Market Segmentation
The automatic high beam control industry can be considered for vehicle
type, propulsion and sales channel. The vehicle types taken into account are passenger
car as well as commercial vehicle.
The propulsion-based key segments are ICE/internal combustion
engine and electric vehicles.
The primary sales channels studied in the research are original
equipment manufacturer/OEM and aftermarket.
Regional Insight
The Automatic High Beam Control Market Demands can be regionally
considered for APAC/Asia Pacific, North America, Europe, and the rest of the
world/RoW.
APAC can remain the global leader throughout the assessment
period, thanks to the mounting sales of commercial and passenger vehicles in Indonesia,
China, Japan, Vietnam and Thailand. The exploding population in India and China
coupled with the fast economic growth in Vietnam and Thailand are also cited to
be key growth boosters in the APAC market. The growth in the spending on the
upgradation of high-beam camera-based assistants as well as automatic high beam
kits can further stimulate the expansion rate of the Automatic High Beam
Control Market Demands in APAC.
North America can expect to be a strong contender in the global
market, as a result of the escalating integration of automatic high beam
headlamp control systems in commercial vehicles, particularly in Canada and the
US. The market here is also bolstered by the expanding aftermarket automatic
high beams service centers and the constant uptake of the latest technologies
in the manufacturing processes.
The European market is quite lucrative on account of the strict
norms pertaining to vehicle safety and the soaring demand for car models that
have advanced automatic high beam control systems. The expansive pool of
leading automotive lighting manufacturers including Valeo, Continental AG, Aptiv,
Bosch, Marelli and NXP in France, Germany, Italy, Spain and the Netherlands
along with the large number of renowned automotive brands such as Audi, BMW, Porsche
and Volkswagen add to the market momentum in the region.
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