According to a Comprehensive Research Report by Market Research Future (MRFR), Laser Headlight Market Information by Vehicle Type, Power Type, Technology Type, and Region – Forecast till 2030”, The laser headlight market size shall expand at a notable rate of 30% from 2022 to 2030.
Market Scope
Since the invention of halogen, xenon, and LED headlamp technologies, laser headlight is an absolute innovation in vehicle illumination and the next significant step ahead. The design and functionality of headlights have completely new potential thanks to this lighting trend.
With laser light, headlights can be made to be far smaller and more effective in the future. Due to their compact size, laser diodes are particularly impressive: An almost punctiform luminous flux is produced by a single laser diode on a few thousandths of a millimeter.
Currently, the brightness is almost four times more than that of an LED. As a result, headlights could eventually be even smaller without sacrificing light output. The fact that these lamps will have the greatest range of any headlamp technology now available is the main advantage for drivers. This gives the driver more view, which improves the safety of oncoming vehicles.
Market Competitive Landscape:
The important companies active in the market for laser headlight include
- Osram Licht AG (Germany)
- Hella KGaA Hueck & Co (Germany)
- KOITO MANUFACTURING CO. LTD (Japan)
- Koninklijke Philips N.V. (Netherlands)
- Marelli Holdings Co Ltd (Italy)
- Robert Bosch (Germany)
- SLD Laser (Germany)
- Valeo (US)
- ZKW Group (Germany)
- Palomar Technologies (US)
These market players are solely committed to growing their presence on the world market through product development and merger & acquisition activity.
January 2023
The world’s first LaserLightTM Headlight Modules have been introduced by KYOCERA SLD Laser, Inc. (KSLD), a global leader in the commercialization of laser light sources. These headlights provide high brightness white and infrared (IR) dual illumination for night vision and sensing for improved safety and visibility in automotive and mobility applications.
Market USP Covered:
Market Drivers:
Automobiles are equipped with automotive laser headlights to illuminate the road surface in order to improve safety and reduce the chance of accidents. The autos that utilize this cutting-edge technology have exceptional levels of energy efficiency. Furthermore, instead of directly shooting onto the road, laser beams are instead focused on the headlight system’s integrated mirrors, which then reflect the light onto a yellow phosphorous lens to create high intensity white light.
They are also significantly smaller than standard lighting systems and need less energy to operate. Because they are so expensive, laser headlights are only found in luxury vehicles. The wide viewing angle of these laser lamps will probably fuel the expansion of the vehicle laser headlight market.
Compact size, high visible range, and more efficiency compared to alternative lighting solutions like LEDs are boosting the market’s expansion. The emergence of laser headlamp systems might be viewed as a market investment opportunity due to poor weather, rising pollution levels, and a surge in consumer demand for passenger safety.
The market for laser headlights is expanding as a result of a number of causes, including an increase in accidents due to nighttime traffic flow, a younger population, and several government laws and regulations regarding road safety awareness. Customers are expecting such cutting-edge safety features and are also willing to pay for them since laser headlight guarantees the safety of the travelers at night by enhancing the visibility of the road. Therefore, the market for vehicle laser headlights will rise since there is a huge increase in demand for passenger safety.
Opportunities
Asia Pacific to Offer Attractive Growth Opportunities
It is believed that the primary element fostering the expansion of the market in APAC is the steady rise in automobile production. The widespread use of intelligent and smart automotive electronics is yet another important factor fostering the expansion of the local market. As a result of the large consumer bases for the automotive industry, particularly in China and India, automakers are also likely to be motivated to use smart and eye-catching lighting in their products to draw in more buyers. This is expected to spur the expansion of the regional market over the course of the assessment period.
Market Restraints:
The expansion of the global market can be hampered by the high price of laser headlights in comparison to other lamps. Additionally, due to the intense light they create, laser headlights are prohibited in numerous nations, including the United States. On the plus side, cutting-edge automotive laser headlights are attracting the interest of luxury automobile makers like Audi and BMW and are anticipated to boom the market for automotive laser headlights in the upcoming years.
COVID 19 Analysis
The COVID-19 outbreak, which forced the closure of all production and installation in the afflicted nations, has impeded the development of the laser headlights industry. The pandemic has also halted all operations.
The majority of auto laser headlamp producers are dealing with serious problems, including factory closures and a lack of labor owing to lockdowns, which also have an impact on vehicle production.
The demand and supply cycles of many manufacturers of vehicle laser headlights are susceptible because governments all across the world have proclaimed lockdowns during the past few months. Due to the limits on producers and the stated lockdowns, which in turn affect the automotive laser headlight makers globally, the vendors in the headlight business are being significantly impacted.
Market Segmentation
By Vehicle Type
The global laser headlight market may be divided into passenger cars and commercial vehicles based on the type of vehicle. In the upcoming years, it is anticipated that the commercial vehicle category would have a large CAGR.
By Power Type
The 35W, 40W, and 60W power types make up the majority of the global laser headlamp market. The 35W segment had a sizable market share and is expected to expand at a sizable CAGR in the upcoming years.
By Technology
The market for laser headlights can be divided into intelligent and traditional models, with respect to the technology type. In the upcoming years, the intelligent segment is expected to expand at a CAGR.
By Sales Channel
The laser headlight market may be divided into OEM and aftermarket segments, in terms of the type of sales channel. In the upcoming years, the OEM market is expected to expand at a considerable CAGR.
Regional Insights
The high penetration of smart and intelligent car electronics will allow the Asia Pacific to see excellent growth in the years to come. Additionally, an extensive consumer base for the automobile sector, particularly in China and India, compels automakers to integrate smart and aesthetic lighting technology into their products to draw in more customers.
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