Automotive Laser Headlight Market Size, Share, and COVID-19 Impact Analysis, By Vehicle Type (Passenger Cars and Commercial Vehicles), By Power (35W, 40W, and 60W), By Technology (Intelligent and Conventional), and Regional Forecast, 2024-2032

Automotive laser headlights are laser-assisted headlights that primarily consist of laser diodes and a phosphorous lens. These laser lights offer almost four times the brightness of an LED-powered light. Manufacturers are expected to focus on the miniaturization of the headlight systems without compromising on light intensity. For drivers, the common advantage of laser-assisted headlights is that these headlights have the longest illumination range, which is very useful for drivers while driving cars, mostly at night. Improving visibility for the driver and better road safety are twin advantages provided by laser-assisted headlights. Therefore increasing demand for road safety and comfortable ride conditions are anticipated to drive market growth during the forecast period.

However, the unorganized retail sector in a few developing economies may restrain market growth.

Impact of COVID-19 on the Global Automotive Laser Headlight Market

COVID-19 significantly impacted the economy and the global automotive laser headlight market. The COVID-19 outbreak has caused manufacturing of laser headlights to be halted and sales to plummet. Lockdowns imposed by major economies disrupted the supply chain, which negatively impacted car production & sales. Vehicle sales were negatively impacted as manufacturing facilities worldwide were shut down. This reduced demand for passenger car sensors, affecting the market's growth. However, with the post-COVID-19 pandemic, the manufacturing of vehicles has increased. Thus the sales of laser headlights are recovering rapidly with surging automotive sales.

Key Insights

The report will cover the following key insights:

• Latest Developments.


• Porter's Five Forces Analysis.


• Technological Developments.


• Impact of COVID-19 on the Global Automotive Laser Headlight Market.

Analysis by Vehicle Type

The passenger cars segment held the largest market share in the global automotive laser headlight market. Increasing premium passenger car sales that are equipped with laser headlights is driving the segment's growth. Rising demand for high-end luxury automobiles and the inclining preference of the populace towards battery-powered vehicles for green mobility are anticipated to drive the segment growth. The market for automotive laser headlights in the passenger vehicle segment is growing due to increased purchasing power, and automakers focus on integrating advanced technology into their car models.

Analysis by Technology

The global automotive laser headlight market is dominated by intelligent technology and is expected to expand quickly over the forecast period. The increasing need for innovative and smarter technology primarily contributes to the segment's growth. Along with the growing demand for electric and hybrid vehicles, autonomous vehicles play a vital role in the market's expansion. The other key factors propelling the demand for intelligent laser headlights in the automotive industry are IoT and sensors to help drivers as they improve safety features to prevent accidents.

Analysis by Region

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Europe dominated the market in 2022. The Region has strict safety regulations and a strong emphasis on advanced lighting systems, which drives the market. The presence of key players & automakers in major countries, including Germany, France, and others, promotes the manufacturing of luxury vehicles with advanced lighting. The Region has seen a considerable rise, primarily due to major laser lightings manufacturers like Valeo S.A. and OSRAM GmbH. A significant portion of the Region's population also purchases luxury and premium vehicles, which raises the demand for intelligent and smart lighting in the market.

Asia Pacific is projected to experience opportunistic growth in the forthcoming years due to the high penetration of smart and intelligent automotive electronics. Automakers are implementing smart and appealing lighting technology into their offerings to attract more customers. Moreover, increasing digitalization in the automotive industry across Asia is anticipated to fuel market growth in years to come, particularly in China and India. Moreover, rising disposable income and improving standard of living are driving the sales of high-end luxury vehicles in the Region, further accelerating the market growth in upcoming years.

Key Players

OSRAM (Germany), ZKW Group GmbH (Austria), Bosch (Germany), Valeo (France), SLD Laser (France), LASER Component (U.S.), ZKW Group (Austria), Palomar Technologies (Germany), Koitomanufacturing Co.Ltd (Japan), Hella GmbH & Co.KGaA (Germany), and SORAALASER (U.S.)

Segmentation

Key Industrial Developments

• January 2023: the world's first laser-based automotive headlight Modules with white and I.R. dual illumination was introduced by KYOCERA SLD Laser for increased safety and visibility.


• April 2021: Ford unveiled the new technology Predictive Smart Headlight, in which the lighting system reads the road using GPS location data, advanced technologies, and street geometry information.