"Increasing pervasiveness of purchasing vehicles specifically passenger vehicles is expected to drive the growth of the headlight control module market"
The headlight control module market worldwide is expected to grow with a CAGR of 4.2% during the forecast period from 2019 to 2027, starting from US$ 3.44 Bn in 2018. Headlight control module for the high beam adaptation during the night vision applies an embedded design approach. In October 2018, Hella launched a smart headlight technology research project for the efficient development of the intelligent headlamps. Project aims towards developing the intelligent headlamp which not only identifies probable changes in the performance at a very early stage but is also very much capable of reimbursing for them. Nevertheless, requirement of substituting the complete LED lighting system if the bulb is blown or fused with no probabilities of fixing the lights is projected to restrict the growth of the market.
Market Synopsis
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"High Beam Assist to Continue Dominating the Market"
Headlight control module used for the purpose of providing an automatic high beam is advantageous for driving, specially on the highways, as it mechanically switches between the high beam and the low beam, depending on the approaching traffic from opposite direction. Regulations regarding the driving and lighting, combined with increasing traffic together with rising consumer awareness regarding the safety while driving is estimated to drive the market growth of this segment during forecast period.
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"Asia Pacific to Register the Fastest Growth"
Asia Pacific is expected to maintain the fastest growth rate in global headlight control module market majorly due to very high consumer adoption and the high sales of the automobiles. Japan and China reaped the largest market shares within the Asia Pacific market because of high production and heavy sales of vehicles in the domestic level. Moreover, producers in these countries majorly focus on the technological advancements, comprising lighting, therefore, driving the market demand for the headlight control modules. Rise in consumer per capita income and the high sales of the SUVs in the emerging economies like India is expected to drive the market furthermore. There has been very high demand for the headlight control because of the heavy increase in the premium car sales. Growing adoption of these modules in lower and mid-range cars is projected to open up new opportunities for growth of this market in this region throughout forecast period.
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Some of the prominent players operating in the headlight control module market include Hella ,Valeo, Continental ,Denso, Hyundai Mobis, Aptiv , Osram , Magnetic Marelli , ZKW , Renesas , Lear Corporation among others.
Historical & Forecast Period
This research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
The headlight control module market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global headlight control module market based on technology, function, vehicle type and geography. Key segments covered in the report are as follows:
| ATTRIBUTE |
DETAILS |
| Research Period |
2018-2027 |
| Base Year |
2018 |
| Forecast Period |
2019-2027 |
| Historical Year |
2017 |
| Unit |
USD Billion |
| Segmentation |
Technology Type Segment (2017–2027; US$ Bn)
• Halogen
• Led
• Xenon
|
|
Function Type Segment (2017–2027; US$ Bn)
• On/Off Function
• Bending/Cornering
• High Beam Assist
• Headlight Leveling
|
|
Vehicle Type Segment (2017–2027; US$ Bn)
• Passenger Car
• Light Commercial Vehicle
|
|
Geography Segment (2017–2027; US$ Bn)
• North America (U.S., Rest of North America)
• Europe (U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, Japan, India, Rest of Asia Pacific)
• Rest of the World (Middle East & Africa, Latin America)
|
Key questions answered in this report
- What was the market size of Headlight Control Module in 2018 and forecast up to 2027?
- Which is the largest regional market for Headlight Control Module?
- What are the major trends followed in overall Headlight Control Module across different regions?
- Who are the key Headlight Control Module companies leading the market?
- What are the key strategies adopted by the leading Headlight Control Module companies in market?
Unique data points of this report
- Statistics on Headlight Control Module penetration and spending worldwide
- Recent trends across different regions in terms of adoption of Headlight Control Module across various applications
- Notable developments going on in Headlight Control Module
- Attractive investment proposition for segments as well as geography
- Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
