Laser Headlight Market Share

 Laser Headlight Market Overview

Laser Headlight Market Size was valued at USD 1830.28 million in 2023. The Global Laser Headlight market industry is projected to grow from USD 2388.51 Million in 2024 to USD 20134.62 million by 2032, exhibiting a compound annual growth rate (CAGR) of 30.53% during the forecast period (2024 - 2032). Technology advancements in automotive lighting systems and rise in number of road accidents are some the key market drivers boosting the growth of the laser headlight market.  

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Laser Headlight Market Drivers

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  Technology advancements in automotive lighting systems

  
  

The established automotive lighting manufacturers are continuously working to integrate the exterior lighting with innovative technologies and functions to improve the system's ergonomic and aesthetic performance to differentiate the vehicle from that of the competitors and enhance the driving experience. The leading technologically advanced laser headlight systems are, laser-based night vision light system, cornering light system, and smart headlight system. These technologically advanced automotive lighting products are mostly used in premium class and sports utility vehicles (SUVs). 

The increasing sale of premium vehicles and SUVs leads to further investments into developing advanced laser headlight systems worldwide. This leads to new product development and innovation advancements, resulting in higher market penetration, increased availability, and decreased prices. Such a situation raises industrial growth, especially in the cost-sensitive developing nations. The demand for advanced lighting components is moderate all over the world. However, the impact of technology advancements in automotive lighting systems is expected to shift from moderate-to-high over the forecast period. These are the main factors that are expected to drive the Laser Headlight Market forward in the coming years.

Laser Headlight Market Vehicle Type Segment Insights

Laser Headlight Vehicle Type Insights

Based on Vehicle Type, the Laser Headlight Market segmentation includes Passenger Vehicle, and Commercial Vehicle. The Passenger Vehicle Type held the majority share in 2022, contributing around ~56.4% to the market revenue. The increased production and sales of passenger vehicles worldwide are the primary drivers of category growth. According to the OICA, passenger vehicles accounted for over 75% of global vehicle manufacturing. Increased demand for premium and luxury cars and rapid development in battery-powered vehicles are driving up passenger car manufacturing worldwide. 

Furthermore, rising purchasing power and GDP in emerging countries have motivated car manufacturers to incorporate smart and high-end technology into their models, accelerating the market for laser headlights in the passenger vehicle segment. Another factor driving the Laser Headlight Market is the growing use of sensors due to technological improvements. The vehicle industry has significantly increased the integration of modern safety technologies, such as pedestrian protection systems and night vision cameras. By increasing road visibility, laser headlights improve passenger safety at night. This is expected to boost the global market for laser headlights. The laser headlight market is expected to grow further as sophisticated safety features become more common in passenger vehicles.

Figure1: Laser Headlight Market, by Vehicle Type, 2024 & 2032 (USD Million)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Laser Headlight Power Type Insights

Based on the Power Type, the Laser Headlight Market segmentation includes 35W, 40W, and 60W. The 40W power type held the majority share in 2022. The electric bulb's equivalent compact fluorescent, 40 Watts, refers to the fact that it consumes energy at 40 Joules per second. The bulb's power is 40 Watts. The rate at which energy is consumed is referred to as power. A regular 40W bulb produces 400+ lumens, which measure a bulb's brightness. The voltage used in a 40W bulb is 120V.

Laser Headlight Technology Type Insights

Based on the Technology Type, the Laser Headlight Market segmentation is Intelligent, and Conventional. Intelligent technology type segment dominated the market in 2022. In 2022, intelligent laser headlights had the most revenue share in the worldwide laser headlight market, and it is expected to develop at a quick rate throughout the forecast period. This is due to the growing desire for more intelligent technology. Furthermore, the rising demand for driverless vehicles and electric and hybrid vehicles contributes considerably to market expansion. Other important factors boosting demand for intelligent laser headlights in the vehicle sector are implementing Internet of Things (IoT) and sensors to help drivers while driving and improve safety features to prevent accidents. The intelligent laser headlamp sector dominated the market because intelligent laser headlights are high-resolution adaptive lamps.

Laser Headlight Sales Channel Insights

Based on the Sales Channel, the Laser Headlight Market segmentation is OEM, and Aftermarket. OEM segment dominated the market in 2022. Because quality testing for headlights has been largely streamlined in the market environment, the automotive laser headlight market is expected to grow by 2030. Automotive laser headlamps are subjected to rigorous testing by component and automobile OEMs to achieve safe vehicle operation (Original Equipment Manufacturers). As a result, meeting high regulatory criteria that demand consistent, recorded, and tested measurement findings are becoming increasingly critical for headlight producers. In October 2019, Radiant Vision Systems, a specialist in display technologies and lighting, announced the development of ProMetric®, a line of imaging photometers and colorimeter products that provide exact analysis of the performance of an automotive laser headlight. Device manufacturers and automotive OEMs are gaining a reputation due to such items. The OEM segment is expected to increase at a significant CAGR in the future years.

Laser Headlight Regional Insights

By Region, the study provides market insights into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The Europe laser headlight market accounted for ~47.5% in 2022. In terms of automotive technology, the European market is regarded as a leader. Increased technological advancements and laser headlights are expected to propel the regional market. Europe had a major revenue share of over 40% in 2020 and is predicted to expand at a healthy rate during the projection period. The presence of top laser lighting manufacturers like Valeo S.A. and OSRAM GmbH in the region has contributed to the region's rapid growth. Furthermore, the region has a large consumer base for luxury and premium vehicles, which drives up demand for intelligent and smart lighting in the automotive industry. OSRAM GmbH, a global pioneer in lighting solutions, based in Germany, has introduced three blue laser lamps that focus energy onto yellow phosphorous lenses, making the light beams safe for the human eye. Such advancements are helping to propel the automotive laser headlight industry forward.

Figure1: Laser Headlight Market, by Region, 2024 & 2032 (USD Million)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Further, the major countries studied in the market report are the US, Canada, Mexico, Germany, France, the UK, Italy, China, Japan, India, and Brazil. 

North America laser headlight market accounts for the second-largest market share. The National Highway Traffic Safety Administration (NHTSA) in the US prohibited the use of car laser headlights in North America. After years of lobbying by automakers, the NHTSA released a notice of proposed rulemaking in October 2018 to allow for the adoption of improved headlights. Lighting in North America is ideally positioned to become a sensor provider. North American lighting has grown expertise in electronics components as headlights have become more complicated over the years. North America's lighting expertise in producing and testing electronic components is relevant to sensor production.

Asia-Pacific laser headlight market is also expected to grow at the fastest CAGR between 2022 and 2032. A constant increase in vehicle manufacturing in Asia-Pacific is driving the regional market. Due to the significant penetration of smart and intelligent car electronics, Asia-Pacific will witness opportunistic growth in the next years. Furthermore, the automotive industry's large consumer base, particularly in India and China, encourages automakers to incorporate smart and appealing lighting technology to attract more customers. Due to increased purchasing power and strong growth in Gross Domestic Product (GDP) in developing countries, Asia-Pacific is predicted to rise rapidly over the analyzed period. Furthermore, the region's automotive laser headlight market is boosted by the green revolution and rising demand for environmentally friendly mobility solutions.

Laser Headlight Key Market Players & Competitive Insights

The Laser Headlight Market is characterized by the presence of many regional and local vendors. The regional market is highly competitive, with all the players continually competing to gain a larger market share. The vendors compete based on cost, product quality, reliability, and aftermarket services. Therefore, vendors must provide cost-effective and efficient products to survive and succeed in a competitive market environment.

The major players in the market include OSRAM, KYOCERA SLD LASER, ZKW, MAGNETI MARELLI, VALEO, LEDO AUTO, INFINEON TECHNOLOGIES, KOITO MANUFACTURING CO., LTD, BAYERISCHE MOTOREN WERKE AG, AUDI AG, and Others. The primary focus of the players is to provide advanced products to aid in increasing adoption, which could help strengthen a country’s growth with advanced products. Although global players dominate the market, a few regional and other local players with a limited market share also have a prominent presence in this market. The major players would look to strengthen their global presence through mergers & acquisitions of local and regional players; they are expected to expand their presence and solutions in those countries during the forecast period. Therefore, vendors must develop new technologies to stay at par with emerging technology trends that could affect the competitiveness of their product lines in the market.

Key Companies in the Laser Headlight Market include

• OSRAM


• KYOCERA SLD LASER


• ZKW


• MAGNETI MARELLI


• VALEO


• LEDO AUTO


• INFINEON TECHNOLOGIES


• KOITO MANUFACTURING CO., LTD


• BAYERISCHE MOTOREN WERKE AG


• AUDI AG

Laser Headlight Industry Developments

Marelli, an automotive industry mobility technology supplier, introduced the LeanLight headlamp and rear light concepts in January 2024. The products feature up to 20% fewer components, a 20% reduction in weight, and a 6 kg reduction in CO2 emissions when compared to conventional automotive illumination. The majority of systems utilizing Marelli's Lean platforms are pre-developed, allowing automobile manufacturers to personalize specific functionalities. This module-based platform strategy is intended to appeal to fleet purchasers and budget-conscious consumers on entry-level vehicles, brands, and trim levels. The implementation of an innovative injection molding technique for the LeanLight results in decreased energy consumption and weight. 

In January 2023, KYOCERA SLD Laser, Inc. (KSLD), a global leader in the commercialization of laser light sources, announced the availability of the world’s first LaserLightTM Headlight Modules, which produce dual illumination with high brightness white light and Infrared for night vision and sensing safety and visibility enhancement in automotive mobility applications.

Additionally, a recently developed surface treatment solution obviates the necessity for a chemical coating, thereby further enhancing the sustainability advantages of the product. Concurrently with the LeanLight system, Marelli introduced the LeanDisplay portfolio at CES 2024. This system provides enhanced local dimming capabilities at a significantly reduced cost, alongside an improved environmental impact. Achieving a 40% reduction in weight and enhanced CO2 performance were accomplished via the implementation of a design-for-manufacturing strategy that led to the reduction of components by 60%, optimization of the backlight technology by integrating proprietary optics and LEDs, and supply chain localization.

Laser Headlight Market Segmentation

Laser Headlight Vehicle Type Outlook

• Passenger Vehicle


• Commercial Vehicle

Laser Headlight Power Type Outlook

• 35W


• 40W


• 60W

Laser Headlight Technology Type Outlook

• Intelligent


• Conventional

Laser Headlight Sales Channel Outlook

• OEM


• Aftermarket

Laser Headlight Regional Outlook

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  UAE
  
  


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  Saudi Arabia
  
  


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  South Africa
  
  


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  Rest of MEA