Emphasis on Technology (Halogen, LED and Xenon); Application (On/Off, Bending/Cornering, High Beam Assist and Headlight Leveling); Vehicle (Passenger Car and Light Commercial Vehicle); Region and Country
Global Headlight Control Module is anticipated display a CAGR of around ~4% over the forecast period (2021-2027). 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.
Insights Presented in the Report
“Amongst Technology, LED segment dominated the market in 2020”
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
“Amongst Application, High Beam Assist segment dominated the market in 2020.”
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
“Amongst Vehicle, Passenger Car segment dominated the market in 2020.”
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 represents as the largest market.”
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. Some of the major players operating in the market 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.
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Customization Options:
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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
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.
The production and consumption of automobiles and electric vehicles have a direct impact on the lighting control module, as headlights are an integral feature of these vehicles. The need for headlamp control modules is projected to be driven by the progress of lighting technology by various manufacturers. The market for headlamp control modules is expected to grow in response to advancements in vehicle technology as well as increased investment by automakers. The upcoming energy crisis, as well as the need to reduce greenhouse gas emissions, has prompted vehicle manufacturers to make significant efforts to reduce their vehicles’ energy consumption, and they are currently developing vehicles that are entirely or partially powered by electricity, which is expected to drive demand for electric and hybrid vehicles, as well as have an indirect impact on the headlight control module market. Consumer desire for improved external appearance, safety, and advanced driving features is expected to boost the worldwide headlamp control module market.
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detailed secondary study was conducted to obtain the historical market size of the Headlight Control Module through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the Headlight Control Module, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report are by technology, application, vehicle. Further regional & country-level analyses were conducted to evaluate the overall adoption of the Headlight Control Module in the global context.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size. Further, we conducted factor analysis using dependent and independent variables such as growing government incentives and demand for eco-friendly transportations etc. Historical trends and their year-on-year impact on the market size and share was analyzed. Demand and supply side scenario was also thoroughly studied.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the Market, and market shares of the segments and company. All the required percentage split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., bottom-up approach was applied to arrive at the market forecast to 2027 for different segments and subsegments across the major regions globally. The research methodology adopted to estimate the market size encompasses:
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major countries. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the Headlight Control Module. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of service type, vehicle type, and region.
The main objective of the Headlight Control Module Study
The current & future market trends of Headlight Control Module were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market at a regional & country level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:
Deep dive regional & country level analysis of the industry
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