NEWS
NEWS
The global market and trend of AFS lighting systems from 2024 to 2028
07-04-2024The Automotive Adaptive Front Lighting System (AFS) is a latest technology that automatically adjusts your automotive headlights to improve visibility and safety while driving at night. The market of AFS is expected to continue its highest growth in the next four years, its market size is estimated to be up to US$ 3.13 billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 8.8% from 2024 to 2028.
The expected growth will arise from the following positive factors:
1) Safety Focus: AFS improves nighttime driving adventure and reduces glare for oncoming drivers and pedestrians, enhancing the total safety on the road.
2) Regulatory requirements: Stringent safety regulations in Europe (Euro NCAP) and other areas are mandating or calling on the integration of advanced safety features like AFS in vehicles.
3)Technological developments: Developments in LED and laser lighting technologies are making headlights more efficient and powerful, resulting in a strong foundation for AFS functionalities.
4)Consumer Demand: Consumers are increasingly considering safety features in their car purchases, leading to a higher demand for vehicles equipped with AFS.
In terms of product type, dipped headlights takes the lead in the market now, while the market share of high beam AFS is expected to grow fast. For the safety of passenger, AFS lighting systems will be used more on passengers cars and commercial vehicles.
AFS might become more commonplace in mid-range vehicles as costs decrease and regulatory pressure increases. The aftermarket segment for AFS lighting systems upgrades might see growth, especially for older vehicles.
Geographically,north America market continues to hold the biggest market share, with more focus on advanced functionalities and consumer demand for safety features.There are more stringent regulations in Europe, which will drive high market penetration of AFS across all vehicle segments.In Asia Pacific, rapidly growing automotive market with increasing demand for safety features results significant AFS adoption.
Major players operating in the global automotive adaptive front lighting systems market are investing much to enhance the functionality.
Adoption of improved materials to meet the rising market demand from the electric transportation sector is another key market strategy for market growth.
The major market players on the market is as follows:
Hella GmbH&CO kGaA
Marelli Holdings co.,ltd.
Koito Manufacturing co,ltd.
Stanley electric co.,ltd
Neolite ZKW
Continental AG
De Amertek Corp,
Denso Corporation
Johnson Electric Holdings Limited
Hyundai Mobis
Robert Bosch gmbH
Fraunhfer-Gesellschaft
Texas Instruments Incorporated