Infrared (IR) lighting is the most common type of lighting used along a perimeter fence line. Notably, the camera can stealthily take photographs at night without drawing attention to itself or giving potential intruders a source of light because infrared radiation doesn't cause light pollution. White light is commonly utilized in this region; it can be used to positively identify the intruder or set to flash automatically to deter them. White light is only used when absolutely essential, maintaining the highest levels of security while reducing light pollution.
According to SPER market research, ‘Automotive Perimeter Lighting System Market Size - By Type, By Product Type, By Material, By Vehicle Type, By Distribution Channel - Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Automotive Perimeter Lighting System Market is predicted to reach USD 70.81 billion by 2033 with CAGR of 9.26%.
Given the rapid advancements in LED lighting technologies and the growing demand for convenience and safety, the automotive perimeter lighting systems market is poised for significant growth. The market for automobile perimeter lighting systems is expanding due in large part to growing environmental consciousness and a strong need for energy-efficient perimeter lighting solutions. Moreover, the market for automotive perimeter lighting systems is being driven by the quick advancements in lighting technologies as well as the enhancement of safety and comfort features. Similarly, over the aforementioned forecast period, the prompt emergence of affordable yet highly effective perimeter lighting systems would propel product demand and bolster the growth of the automotive perimeter lighting systems market.
A few factors, such the expensive cost of the brass and ceramic components used in perimeter lighting, could prevent the market for car perimeter lighting systems from expanding as much as it would otherwise. The market for automotive perimeter lighting systems will face additional growth obstacles during the forecast period due to the growing number of stringent safety rules from the government. Interoperability and compatibility issues between various car models and lighting system manufacturers might arise from an industry lacking in standards. It is difficult to strike a balance between energy efficiency and the demand for illumination that is more visible and brighter. Threats related to cyber security are more likely when cutting-edge technology are integrated.
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Impact of COVID-19 on Automotive Perimeter Lighting System Market
Growth in the automobile perimeter lighting market has been impacted by the COVID-19 epidemic. Automotive perimeter lighting sales as a whole have decreased as a result of the drop in passenger car and commercial vehicle sales in 2020 as well as the temporary closure of facilities that produce vehicles and their components. Parts and materials were not as readily available to the global automotive sector due to supply chain interruptions. To meet the growing demand from customers around the world, the automotive sector is currently emerging from its losses and introducing high-quality products. Demand for perimeter lighting is expected to rise over the projected period as a result of the automotive industry's notable output expansion in 2021.
Automotive Perimeter Lighting System Market Key Players:
Europe is a leader in automotive technology and design, which has an impact on the use of cutting-edge perimeter lighting systems. Asia-Pacific is becoming a major player in the global Global Automotive Perimeter Lighting System market, driven mostly by the significant automobile production in nations such as South Korea, Japan, and China. A growing consumer class, technical advancements, and economic expansion all contribute to the region's prominence. New markets are also opening up in other regions, such as Latin America, the Middle East and Africa. Additionally, some of the market key players are Gentex, Magna International, Samvardhana Motherson Group, Feniex Industries, Automotive Lightin, Marelli Holdings Co., Ltd., Valeo, STMicroelectronics, DENSO CORPORATION, ICHIKOH INDUSTRIES, LTD and various others.
Automotive Perimeter Lighting System Market Segmentation:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.
By Type: Based on the Type, Global Automotive Perimeter Lighting System Market is segmented as; Steam Indicator Tapes and Hydrogen Peroxide Tapes.
By Product Type: Based on the Product Type, Global Automotive Perimeter Lighting System Market is segmented as; Puddle Lamps, Door Handle Lamps, Door Mirror Lamps, License Plate Lights.
By Material: Based on the Material, Global Automotive Perimeter Lighting System Market is segmented as; Plastic, Glass, Fiber, Others.
By Vehicle Type: Based on the Vehicle Type, Global Automotive Perimeter Lighting System Market is segmented as; Passenger Cars, Commercial Vehicles.
By Distribution Channel: Based on the Product Type, Global Automotive Perimeter Lighting System Market is segmented as; OEM, Aftermarket.
By Region: This research also includes data for Asia Pacific, Europe, Middle East & Africa, Latin America and North America.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
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Automotive Perimeter Lighting System Market Revenue
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Market OverviewMarket Research Future (MRFR) in its new research study, asserts that the Global Automotive Intelligent Lighting System Market is booming and expected to grow exponentially over the review period, recording a substantial market valuation and a healthy 7.0% CAGR in the forecast period of 2017 to 2023.The advancement in technologies and demands for the latest automotive features boosts the automotive intelligent lighting system market.
These systems work on artificial intelligence grounds, including automatic on and off lights and adapting to the surrounding conditions.
As the automotive sector expands and spending capacities are increasing, the demand for advanced features powers the comfort levels.
The increasing emphasis on enhancing the driver's and pedestrian's safety has boosted the demands for such technologies.
An intelligent lighting system improves driving behaviors and experiences like adjusting the lighting focus and direction with the steering wheel's movement and others.
On observing the benefits of automotive intelligent lighting systems, the authorities are making them compulsory in all vehicle segments to ensure drivers' safety from accidents in adverse conditions like low visibility, night driving, fog, and others.
The global automotive lighting market is expected to exhibit a CAGR of 7% over the forecast period from 2018 to 2023, according to the latest research report from Market Research Future (MRFR).
The global automotive intelligent lighting system market is mainly driven by the growing technological advancement in the field of intelligent lighting, sensors, and the Internet of Things, which is likely to drive further product development in the automotive intelligent lighting system market over the forecast period.Automotive intelligent lighting systems refer to electronic systems that monitor the ambient environment in terms of lighting and operate the lighting system accordingly.
This includes automatically turning on the headlight when it gets dark, operating the internal lighting to the maximum convenience of the driver, etc.
The growing demand for driver comfort in modern automobiles has driven the demand for automotive intelligent lighting systems in the last few years.
This is likely to be a key driver for the global automotive intelligent lighting systems market over the forecast period, as driver safety is likely to be a key agenda for a number of governments around the world over the forecast period.On the other hand, the high costs of automotive intelligent lighting systems have held back their widespread adoption over the world, as consumers with low disposable income cannot afford cars housing such technical equipment.
This could restrict the growth prospects of the global automotive intelligent lighting system market considerably over the forecast period, in spite of the growing prospects of the market in developed regions such as North America and Europe.Competitive Analysis:Leading players in the global automotive intelligent lighting system market include Stanley Electric Co. Ltd., Ichikoh Industries Ltd., Hyundai Mobis, Grupo Antolin, Koito Manufacturing Co. Ltd., Teknoware Oy, ELBA SA, Osram Continental GmbH, Magneti Marelli SpA, and Hella KGaA Hueck & Co.Osram Continental GmbH was formed in October 2018 by Osram and Continental GmbH forming a joint venture specifically targeting advancements in automotive intelligent lighting systems.
