South Korea Automotive Adaptive lighting system Market - Growth, Trends and Forecast 2017 - 2022

  • ID: 4385324
  • Report
  • Region: South Korea
  • 104 pages
  • Mordor Intelligence
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The market for adaptive lighting systems in South Korea is expected to reach $215 million by the end of 2020 with a CAGR of XX%. South Korea is among the most advanced automobile-producing countries in the world. The Adaptive Front-lighting System (AFS) is a part of the adaptive lighting system commonly used in a high end passenger and luxury vehicles. The increase in the car exports of the country is a significant driver of the automotive market as a whole for the country, as well as other allied sophisticated and advanced systems.

Hyundai i40, Genesis and Equus are some models, which have AFLS installed. These systems use the steering angle and vehicle speed, to keep the field of vision wide by pivoting and levelling the headlamp. Howeve,r the market is stagnated by the hikes and industrial disputes affecting the automotive industry and thereby the adaptive lighting market significantly. Kia also has AFLS installed on the Cadenza model to help improving the cornering visibility by moving the headlight beam into upcoming turns.

The ALS optimizes the distribution of light from the headlights according to the driving and road circumstances. Adaptive LED and laser-based headlamps are commonly used for Adaptive Lighting system in the country. Depending on vehicle speed and steering input, the system projects the low-beam headlights in the direction the driver is intending to travel. The system provides an optimized vision to the driver during the night and other poor-sight conditions of the road by adapting the headlight angle and the intensity of the light. The system also helps to switch down light when light comes from the approaching vehicle and reduces the efforts of the driver for doing it manually. The ALS system offers a steady distribution of light unaffected by the vehicle's position by maintaining the illumination axis, which helps to prevent drivers of the other vehicles from getting blinded.

The market for adaptive front lighting by application has significant adoption in the front, with a share of 65% in the production market for Adaptive Lighting in South Korea. With the increased adoption of automotive LED, the market for adaptive lighting is expected to receive significant impetus to grow. Among vehicle type the luxury vehicles has the highest application and would continue to grow at a reasonable rate. Hyundai, Kia, Audi, Nissan are some of the popular OEMs who have adopted ALS comprehensively in their premium vehicle offerings, and are looking forward to integrate these systems more in their other offerings. Osram, Philips, ZKW Group and HELLA KGaA Hueck & Co. are some of the key players in the manufacture of these systems.

WHAT THE REPORT OFFERS

Market Definition along with identification of key drivers and restraints for the market.
Market analysis with the specific assessments and competition analysis in the South Korea ALS market.
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies, which can influence the market.
Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market shares.
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1. INTRODUCTION
1.1 Research Methodology
1.2 Key Findings of the Study
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW AND TECHNOLOGY TRENDS
3.1 Current Market Scenario
3.2 Technology Trends
3.3 Porter's Five Forces Framework
3.3.1 Bargaining Power of Suppliers
3.3.2 Bargaining Power of Consumers
3.3.3 Threat of New Entrants
3.3.4 Threat of Substitute Products and Services
3.3.5 Competitive Rivalry within the industry
4. MARKET DYNAMICS
4.1 Drivers
4.2 Restraints
4.3 Opportunities
5. SOUTH KOREA AUTOMOTIVE ALS MARKET BY APPLICATION (Growth, Innovations and Feasibility of ALS)
5.1 Front
5.2 Rear
5.3 Others
6. SOUTH KOREA AUTOMOTIVE ALS MARKET BY COMPONENT (Growth, Innovations and Feasibility of Smartkeys)
6.1 Controller
6.2 Sensors/ Camera
6.3 Lamp Assembly
6.4 Others
7. SOUTH KOREA AUTOMOTIVE ALS MARKET-BY VEHICLE TYPE(Growth, Trends and Durability)
7.1 Mid-Segment Passenger Vehicles
7.2 Sports Cars
7.3 Premium Vehicles
7.4 Others
8. SOUTH KOREA AUTOMOTIVE ALS MARKET BY CONSUMER SEGMENT
8.1 OEMS
8.2 Aftermarket
9. COMPETITIVE LANDSCAPE
9.1 Introduction
9.2 Market Share Analysis
9.3 Developments of Key players
10. KEY VENDOR ANALYSIS
10.1 General Electric Company
10.2 HELLA KGaA Hueck & Co.
10.3 Hyundai Mobis
10.4 Ichikoh Industries, Ltd
10.5 Philips
10.6 Magneti Marelli (Motherson)
10.7 Osram
10.8 Stanley Electric Co. Ltd
10.9 Valeo Automotive Korea
10.10 ZKW
11. FUTURE OUTLOOK OF THE MARKET
12. DISCLAIMER
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