Headlight Market By Technology (Halogen, Xenon, LED), By Vehicle Type (Passenger Cars, Commercial Vehicles), By Vehicle Propulsion (ICE Vehicle, Electric Vehicle), By Sales Channel (OEM, Aftermarket): Global Opportunity Analysis and Industry Forecast, 2021-2031
The lighting system used in a vehicle includes a lighting and a signaling device installed or integrated on the front, rear, and sides of the vehicle. These are useful in lighting the roadway for drivers; thereby, increasing the visibility of the vehicle. Automotive headlight allow drivers and pedestrians to analyze the vehicle's presence, position, size, direction of travel, and speed. Various technologies, such as halogens, xenon/HID, and LEDs have wider application in automotive lighting system.
The automotive original equipment manufacturers are massively adopting the LED lighting technology, owing to reduced power consumption and longer life span. With rapid technological advancement, smaller, efficient, moisture, and vibration resistant LED lights are available on the market. These lights have longer lifetime that can last for decades.
Increasing concerns regarding road safety and government regulations for lighting are the major factors driving the demand for lighting equipment. Factors such as increasing disposable incomes, improving lifestyle, and transportation requirements are contributing in the increase in the production of vehicles, which in turn, is fueling the demand for headlights. However, high cost of LEDs hinders the growth of the headlight market. Furthermore, increase in demand for advanced technology in vehicles is anticipated to provide a remarkable growth opportunity for the players operating in the market.
The headlight market is segmented into technology, vehicle type, propulsion type, sales channel, and region. By technology, the global market is divided into halogen, LED, and Xenon. By vehicle type, it is bifurcated into passenger cars and commercial vehicle. By vehicle propulsion, it is categorized into ICE vehicle and electric vehicle. By sales channel, the market is segmented as OEM and aftermarket. By region, the market has been analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the headlight market analysis from 2021 to 2031 to identify the prevailing headlight market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the headlight market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global headlight market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Technology
Xenon
LED
Halogen
By Vehicle Type
Passenger Cars
Commercial Vehicles
By Vehicle Propulsion
ICE Vehicle
Electric Vehicle
By Sales Channel
OEM
Aftermarket
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Rest Of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest Of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
CONTINENTAL AG
DE AMERTEK CORPORATION
HELLA GmbH & Co. KGaA
HYUNDAI MOBIS CO., LTD
ROBERT BOSCH GMBH
STANLEY ELECTRIC CO., LTD
VALEO SA
KOITO MANUFACTURING CO., LTD
KONINKLIJKE PHILIPS N.V.
J.W. SPEAKER CORPORATION
OSRAM GmbH
ZKW GROUP
Please Note: It will take 7-10 business days to complete the report upon order confirmation.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook