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/PRNewswire/ The global soft ferrite market is projected to exhibit growth at 6% CAGR during the forecast period between 2020 to 2030, predicts Fact.MR..
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Automotive Laser Headlight Market Forecast to 2027 - Koninklijke Philips N.V., Magneti Marelli, OSRAM GmbH, Soraa Laser Diode, VALEO SERVICE, ZKW
iCrowd Newswire
04 May 2021, 21:09 GMT+10
The automotive laser headlights are laser-supported headlights that mostly contain laser diodes and a phosphorous lens. The automotive laser headlights offer almost four times the brightness of a LED-powered light. Moreover, the increasing awareness of energy-efficient lighting systems and rising sales of luxury vehicles equipped with advanced lighting systems is anticipated to boost the growth of the automotive laser headlight market.
The increase in demand for laser headlights from end-users owing to their high efficiency is one of the significant factors driving the growth of the automotive laser headlight market. However, less availability, high cost, and less Knowledge of this technology are some of the major factors which may restrain the growth of the automotive laser headlight market. Th