Global automotive laser headlight market is expected to be worth US$359.29 bn by the end of 2025 from US$1.09 bn in 2016.
Albany, NY -- (SBWIRE) -- 02/15/2018 -- Presently, the demand for laser headlight is increasing, as it ensures safety of the passengers in the night time by increasing the visibility of road. Due to this, customers are frequently looking for such advanced safety features and are also willing to pay. A new study, offering assessment of key various factors and trends influencing the growth of the automotive laser headlight market, has been broadcasted to the vast repository of Market Research Hub (MRH), with the title of "Automotive Laser Headlight Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025". This extensive research gives a whole new wide view of the markets based on its growth and development in different regions of the world like North America, Japan, the Middle East and Africa, Europe, Latin America and the Asia Pacific. The market has been forecast based on revenue (US$ Mn) and volume (Million Units) from 2017 to 2025.
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Forecast Predictions and Segmental Analysis
According to the research key evaluations, the global automotive laser headlight market is expected to be worth US$359.29 bn by the end of 2025 from US$1.09 bn in 2016. During the forecast period of 2017 and 2025, the global market for automotive laser headlights is expected to rise at a tremendous CAGR of 69.77%. It has been stated in the study that increased number of accidents due to increase in traffic flow in night time is one of the prime reason that is contributing to the growth of automotive laser headlight market. Apart from that, growing use of sensors due to the advancements in technology is another factor backing to the growth of this market.
Moving further, with the purpose of providing a clear scenario of the market, the automotive laser headlight market has been segmented into three categories: by vehicle type, by sales channel, and by region. In terms of vehicle, the automotive laser headlight market has been categorized into passenger vehicle and commercial vehicle. On the basis of sales channel, the study includes OEM and aftermarket. These segments have been examined based on present and coming trends.
As of 2016, Europe held a share of 40% in the overall market and is expected to continue its dominance during the forecast period.
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As the report concludes, the profiles of major players in the automotive laser headlight market are targeted. These companies are studied based on various attributes such as company overview, SWOT analysis, financial overview, key business strategies, recent developments and product portfolio. Key players functioning in the automotive laser headlight market include Valeo S.A., Robert Bosch GmbH, SORAALASER, OSRAM GmbH, ZKW Group among others.
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