Uploaded on Jul 26, 2019
Headlight Control Module Market by Technology (Halogen, LED, Xenon), Application (On/Off, Bending/Cornering, High Beam Assist, and Headlight Leveling), Vehicle Type, Passenger Vehicle Segment, And Region- Global Forecast to 2027
Headlight Control Module Market worth $5.0 billion by 2027
MarketsandMarkets
Presents
Headlight Control Module Market
worth $5.0 billion by 2027
https://
www.marketsandmarkets.com/Market-Reports/headlight-control-mo
dule-market-36973459.html
The report "Headlight Control Module Market by Technology
(Halogen, LED, Xenon), Application (On/Off, Bending/Cornering,
High Beam Assist, and Headlight Leveling), Vehicle Type,
Passenger Vehicle Segment, And Region- Global Forecast to
2027" The headlight control module market is estimated to be USD 3.6
billion in 2019 and is projected to reach USD 5.0 billion by 2027, at a
CAGR of 4.3%.
Rising disposable income has resulted in an increase in consumer
spending capability to purchase premium vehicles, which, in turn, is
expected to drive the growth of the market. Government initiatives for
implementing adaptive lighting to increase the driver’s safety and the
rising sales of SUVs are likely to propel the growth of the market further.
Browse 19 market data Tables and 113 Figures spread
through 162 Pages and in-depth TOC on "Headlight Control
Module Market”
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SUV B segment expected to be the fastest growing segment in
the headlight control module
SUV B segment is expected to witness an increase in penetration for
adaptive headlamps in accordance with safety regulations implemented
by various regulatory bodies. Additionally, the anticipated decreasing
prices of these modules are expected to open opportunities for the
growth of the market over the forecast period. Moreover, the increasing
sales of SUV Bs in emerging economies, including India, are expected to
boost the market growth for the headlight control module in this
segment.
Headlight control module used for high beam assist is expected
to lead the market
High beam assist is the most critical application for adaptive headlights
as it provides the driver to switch between different headlight intensities
while driving. Headlight control module for high beam assist has a higher
penetration level in passenger vehicles. Moreover, many leading
suppliers, such as Hella and Valeo are actively working on the
advancements in the headlight control modules used for this application.
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Asia Pacific to continue being the largest consumer of headlight
control modules
China was the largest manufacturer and consumer of the headlight
control module due to the presence of a robust automobile production
base and huge domestic sales of cars. Other Asian countries such as
Japan, Korea, and India showcased promising growth for the years 2017–
2018 and the trend will continue till 2027. The Asian market is a
production hub for the European and North American headlight control
module manufacturers. Thus, the growing global sales of automobiles is
expected to drive the growth of the headlight control module industry.
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The headlight control module market is dominated by Hella (Germany),
Valeo (France), Continental (Germany), Denso (Japan), Hyundai
Mobis (South Korea), Aptiv (Ireland), Osram (Germany), Magnetic
Marelli (Italy), ZKW (Austria), Renesas (Japan), Lear Corporation
(United States), Koito (Japan), NXP (Netherlands), Keboda (China), and
Keetec (Slovakia).
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