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South Korea Automotive Adaptive lighting system Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

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The market for adaptive lighting systems in South Korea is expected to reach USD 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  high-end passenger and luxury vehicles. The increase in the car exports is a significant driver of the automotive market for the country as well as other allied sophisticated and advanced systems.

Hyundai i40, Genesis and  Equus are some models that have AFS installed. These systems use steering angle and vehicle speed to keep the field of vision wide by pivoting and leveling the headlamp.  However, the market is stagnated by hikes and industrial disputes affecting the automotive industry and thereby affecting the adaptive lighting market significantly.  Kia has AFS installed in the Cadenza model to help improve the cornering visibility by moving the headlight beam at 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 systems 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 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 dim down light when light comes from an approaching vehicle and reduces the efforts of the driver for doing it manually. The ALS offers a steady distribution of light unaffected by the vehicle's position by maintaining the illumination axis that helps to prevent the other drivers from getting blinded.

This report has segmented the South Korean market for automotive adaptive lighting systems by application, component, vehicle type and consumer segment. The market for adaptive front lighting by application has significant adoption in the front, with 65% of the production of adaptive lighting taking place 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 types, luxury vehicles have the highest application and will continue to grow at a reasonable rate. Hyundai, Kia, Audi, Nissan are some of the popular OEMs that have adopted ALS comprehensively in their premium vehicle offerings and are looking forward to integrating these systems more in their other offerings.

Some of the key players in the manufacture of these systems in South Korea are:

  • HELLA KGaA Hueck & Co.
  • Koninklijke Philips N.V.
  • Osram
  • Philips
  • ZKW Group

What the Report Offers

  • Market definition along with identification of key drivers and restraints for the market.
  • Market analysis with the specific assessment and competition analysis in the South Korea ALS market.
  • Identification of factors instrumental in changing the market scenario and rising prospective opportunities along with the identification of key companies that can influence the market.
  • Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share.

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 ALS)

                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

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