One of the primary factors driving the growth of the headlamp control module market is the increase in the sales of luxury and SUV cars among the global population. The market is expected to grow due to an increase in manufacturers' adoption of headlight control modules, which are extremely useful while driving a vehicle, particularly on the highway, where it tends to switch between low and high beam in response to oncoming traffic from the opposite direction, as well as rising concerns about road safety. Manufacturers' advancements in lighting technology, as well as the growing need to reduce their cars' energy usage, have a significant impact on the market. Additionally, shifts in consumer preferences, increased disposable income, increased vehicle production and sales, urbanization, and increased use in the manufacturing of electric vehicles all benefit the headlamp control module market.
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A vehicle's headlight control module is an electrical component that regulates illumination. The module helps to regulate the functioning of the headlights and horns by providing an automatic high beam. It may be changed between low and high light beam depending on the other direction for measuring the distance between the front automobiles during traffic with the use of a video camera. The market is expected to grow as manufacturers adopt headlight control modules, which are extremely useful while driving a vehicle, especially on the highway, where it tends to switch between low and high beam in response to oncoming traffic from the opposite direction, as well as growing concerns about road safety.
According to UnivDatos Market Insights (UMI)’ research report “Headlight Control Module Market”, the market is expected to witness a CAGR growth of around 4% during the forecast period 2021-2027F. Global Headlight Control Module Market is experiencing significant growth due to the rising consumer awareness regarding safety along with increased sale of automobiles and technological advancements in lighting sector.
Based on technology, the market is segmented into Halogen, LED and Xenon. The LED segment is expected to grow at a higher CAGR during the forecasted period. LED headlights are often seen in high-end automobiles because to their numerous advantages, including lower power usage, more adaptable functions, and visually pleasing appearance. LED is the leading market for headlamp control modules because of these qualities, and this trend is projected to continue in the future
Based on application, the market is segmented into On/Off, Bending/Cornering, High Beam Assist and Headlight Leveling. The High Beam Assist segment is expected to grow at a higher CAGR during the forecasted period. The automatic high beam headlight control module is useful for driving, especially on highways, because it automatically shifts between high and low beams based on impending traffic from the opposite direction. During the forecast period, regulations surrounding driving and illumination, as well as increased traffic and consumer awareness about driving safety, are likely to fuel the expansion of this category
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Based on vehicle, the market is segmented into Passenger Car and Light Commercial Vehicle. The Passenger Car segment is expected to grow at a higher CAGR during the forecasted period. Adaptive headlamp penetration is higher in the passenger vehicle category than in the light commercial vehicle segment. The market in this category is likely to be driven by increased passenger vehicle sales and customers' willingness to spend more for personal automobiles
Asia Pacific to Grab Lion’s Share
Based on the estimation, during the projection period of 2021-2027, Asia Pacific is expected to grow at a higher CAGR. Due to increased consumer adoption and automotive sales, Asia Pacific is expected to develop at the quickest rate in the worldwide headlamp control module market. Because of their huge domestic car production and sales, China and Japan have the greatest market shares. Furthermore, manufacturers in these nations place a strong emphasis on technology improvements, especially lighting, which drives demand for headlamp control modules. The market would be pushed even higher by rising consumer per capita income and strong SUV sales in emerging markets like India. Because of the rise in luxury automobile sales, there has been a considerable need for headlamp control. Increased usage of these modules in lower and mid-segment vehicles is likely to create new potential for market growth in this region over the forecast period.
According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the Global Headlight Control Module Market are includes Hella KGaA Hueck & Co., Valeo, Continental AG, DENSO Corporation, Aptiv plc, Magneti Marelli, Renesas Electronics Corporation, Lear Corporation, NXP Semiconductors N.V., Koito Manufacturing Co Ltd etc.
· In July 2019, OSRAM Continental presents smart digital HD Headlamp System. A high-resolution LED module in combination with laser technology and powerful digital components, this HD headlamp system offers a significant plus in safety. The system is based on so-called SMARTRIX-HD technology with a high number of individually controllable pixels
“Global Headlight Control Module Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on different parameters. This will help companies in the formulation of go to market strategies and identifying the blue ocean for its offerings.
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Market Segmentation:
1. By Technology (Halogen, LED and Xenon)
2. By Application (On/Off, Bending/Cornering, High Beam Assist and Headlight Leveling)
3. By Vehicle (Passenger Car and Light Commercial Vehicle)
4. By Region (North America (United States, Canada, Rest of North America), Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Rest of APAC), and Rest of World)
5. By Company (Hella KGaA Hueck & Co., Valeo, Continental AG, DENSO Corporation, Aptiv plc, Magneti Marelli, Renesas Electronics Corporation, Lear Corporation, NXP Semiconductors N.V., Koito Manufacturing Co Ltd)
Key questions answered in the study:
1. What are the current and future trends of the Global Headlight Control Module industry?
2. How the industry has been evolving in terms of end-user demand and product category?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Global Headlight Control Module industry?
5. What is the customer orientation, purchase behavior, and expectations from the Global Headlight Control Module suppliers across various countries?
Table of Content-
1 MARKET INTRODUCTION
2 RESEARCH METHODOLOGY OR ASSUMPTION
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 HEADLIGHT CONTROL MODULE MARKET COVID-19 IMPACT
6 HEADLIGHT CONTROL MODULE MARKET REVENUE, 2019-2027F
7 MARKET INSIGHTS BY TECHNOLOGY
8 MARKET INSIGHTS BY APPLICATION
9 MARKET INSIGHTS BY VEHICLE
10 MARKET INSIGHTS BY REGION
11 HEADLIGHT CONTROL MODULE MARKET DYNAMICS
12 HEADLIGHT CONTROL MODULE MARKET OPPORTUNITIES
13 HEADLIGHT CONTROL MODULE MARKET TRENDS
14 EMISSION AND FUEL ECONOMY REGULATIONS
15 DEMAND AND SUPPLY SIDE ANALYSIS
16 VALUE CHAIN ANALYSIS
17 COMPETITIVE SCENARIO
18 COMPANY PROFILED
19 DISCLAIMER
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