Laser headlights are the components which are used in a light commercial vehicle for illuminating the road surface to increase the safety & security of the vehicle, and also to avoid the risk of collision. Light commercial vehicle laser headlights mainly involve the laser diodes and a phosphorous lens. Furthermore, laser is an innovative technology which is used in the LCV and offers high energy efficiency with considerate brightness. Laser headlamps offer four times the brightness when compared to a LED-powered headlight. However, the laser beams do not directly flash the powerful light on the road. Firstly, the laser is launched on the mirrors fused into the headlight system, which later is projected on a yellow phosphorous lens and finally produces high intensity white light. The laser technology uses a lesser amount of energy to function and is reliable for commercial vehicles travelling on long routes. Therefore, the high visibility and reliability of the laser headlamps is expected to drive the market growth for the light commercial vehicle laser headlight market growth.
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COVID-19 scenario Analysis:
- Majority of light commercial vehicle laser headlight manufacturers are facing major issues such as closure of factories and low liquidity due to the lockdowns which further affects the production of light commercial vehicle as well.
- Multiple automotive industries in China, Germany, U.S. and others are facing severe effects due to the lockdown declared by the government across the affected countries which further led to the unavailability of workforce thereby, disrupting the production process for the light commercial vehicle laser headlight manufacturers.
- The vendors in headlight industry across the globe is affected severely due to the restrictions on producers as well as the declared lockdowns which in turn affecting the light commercial vehicle laser headlight manufacturers worldwide.
- The governments all over the world have declared lockdown over the past few months due to which the demand and supply cycle for the light commercial vehicle laser headlight manufacturers is vulnerable.
Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
Laser headlights are considerably efficient when compared to the other lighting options such as LEDs, compact size and high visibility range are driving the growth of the market. However, high cost of laser technology is expected to hamper the growth of the market. Contrarily, adverse weather condition & increase in pollution levels and rise in demand for passenger safety helps in the growth of laser headlight systems can be seen as an opportunity for the market investments.
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High cost of laser technology
The high cost of laser technology is a major concern for the light commercial vehicle laser headlight market. Halogen & xenon technology has become obsolete and lost the consumer popularity due to the overheating of headlamps & higher energy consumption with in turn has compelled the manufacturers to introduce new & innovative technologies such as laser headlamps. Furthermore, the laser headlight on the other hand is compact, energy-efficient and allows a brighter illumination for the driver. However, a laser headlamp is considerably expensive than other technologies, and the use of laser technology is confined to premium light commercial vehicles. Moreover, the high cost of laser headlamps can be attributed to the high production cost and lower amount of application. Materials such as laser diode, phosphorous lens and laser activated mirror are the major cost incurring components in a laser headlight. Due to high cost the use of laser technology in light commercial vehicle is currently limited to premium segment. Therefore, the high cost of laser technology is anticipated to hamper the market growth for the light commercial vehicle laser headlight market during the forecast period.
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Key benefits of the report:
- This study presents the analytical depiction of the light commercial vehicle laser headlight industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with challenges of the light commercial vehicle laser headlight market.
- The current market is quantitatively analyzed to highlight the light commercial vehicle laser headlight market growth scenario.
- We can also determine laser headlamps will remain a significant revenue shareholder in the light commercial vehicle laser headlight market through the predictable future.
Questions answered in the global light commercial vehicle laser headlight market research report:
- Which are the leading market players active in the light commercial vehicle laser headlight market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What are the projections for the future that would help in taking further strategic steps?
Light Commercial Vehicle Laser Headlight Market Report Highlights
| Aspects | Details |
|---|---|
| By End User | Original Equipment Manufacturer (OEM)Aftermarket |
| By Region | North America (US, Canada, Mexico)Europe (Germany, France, UK, Italy, rest of Europe)Asia-Pacific (China, Japan, India, South Korea, rest of Asia-Pacific)LAMEA (Brazil, Turkey, Saudi Arabia, South Africa, rest of LAMEA) |
| Key Market Players | Valeo, SORAALASER, Magneti Marelli., ZKW Group, Koito Manufacturing Ltd, OSRAM, Philips, Hella, Leaser components, Robert Bosch, Palmar technologies |