Low Power Wide Area Network Market Size Hit USD USD 4.13 Billion at a CAGR of 8.8% in 2028 | Magneti Marelli S.p.A, Varroc Engineering Limited
Technological advancement associated with automotive headlights coupled with increasing demand for premium cars are likely to stimulate demand. Market Size – USD 2.11 Billion in 2020, Market Growth - CAGR of 8.8%, Market Trends – Technological innovation within automotive lighting industry The global Automotive Adaptive Headlight market is expected to reach USD 4.13 Billion by 2028, according to a new report by Reports and Data. Technological innovations associated with automotive lighting industry are anticipated to stimulate market demand. For example, a technology known as ‘laser matrix’ is improving the safety of high-beam driving. The technology combines laser lights, digital light processing and micro mirrors into a lighting architecture that has both light and dark zones. The system automatically masks-out areas in front of the vehicle, such as on-coming cars, to avoid blinding drivers and pedestrians; and intensifies light into traffic signs or dangerous situations.