Headlight Control Module Market: Current Analysis and Forecast (2021-2027)

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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

Published:

Feb-2022

Pages:

215

Table:

65

Figure:

121

Report ID:

UMAU21656

Geography:

Clear
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Report Description
Table of content
Research Methodology

Report Description


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.

Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts
  • The report presents a quick review of overall industry performance at one glance
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
  • The study comprehensively covers the market across different segments
  • Deep dive regional & country-level analysis of the industry

Customization Options:

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1.1.Market Definitions
1.2.Limitation
1.3.Stake Holders
1.4.Currency used in Report
2.1.Research Process of the Headlight Control Module Market
2.2.Research Methodology of the Headlight Control Module Market
2.3.Forecasting Method
2.4.Respondent Profile
2.5.Main Objective of the Headlight Control Module Market Study
3MARKET SYNOPSIS

 

4EXECUTIVE SUMMARY

 

5HEADLIGHT CONTROL MODULE MARKET COVID-19 IMPACT
6HEADLIGHT CONTROL MODULE MARKET REVENUE, 2019-2027F
7.1.Halogen 
7.2.LED
7.3.Xenon
8.1.On/Off
8.2.Bending/Cornering
8.3.High Beam Assist
8.4.Headlight Leveling
9.1.Passenger Car
9.2.Light Commercial Vehicle
10.1.NORTH AMERICA HEADLIGHT CONTROL MODULE MARKET 
 10.1.1.United States
 10.1.2.Canada
 10.1.3.Rest of North America
10.2.EUROPE HEADLIGHT CONTROL MODULE MARKET 
 10.2.1.Germany
 10.2.2.France
 10.2.3.United Kingdom
 10.2.4.Italy
 10.2.5.Spain
 10.2.6.Rest of Europe
10.3.ASIA-PACIFIC HEADLIGHT CONTROL MODULE MARKET 
 10.3.1.China
 10.3.2.Japan
 10.3.3.India
 10.3.4.South Korea
 10.3.5.Rest of Asia Pacific
10.4.REST OF WORLD HEADLIGHT CONTROL MODULE MARKET 
11.1.Market Drivers
11.2.Market Challenges
11.3.Impact Analysis
12HEADLIGHT CONTROL MODULE MARKET OPPORTUNITIES
13HEADLIGHT CONTROL MODULE MARKET TRENDS
14EMISSION AND FUEL ECONOMY REGULATIONS
15.1.Demand Side Analysis
15.2.Supply Side Analysis
16VALUE CHAIN ANALYSIS
17.1.COMPETITIVE LANDSCAPE
 17.1.1.Company Shares, By Revenue
18.1.Hella KGaA Hueck & Co.
18.2.Valeo
18.3.Continental AG
18.4.DENSO Corporation
18.5.Aptiv plc
18.6.Magneti Marelli
18.7.Renesas Electronics Corporation
18.8.Lear Corporation
18.9.NXP Semiconductors N.V.
18.10.Koito Manufacturing Co Ltd
19DISCLAIMER

Research Methodology

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:

  • The industry’s market size, in terms of value (US$) and the adoption rate of Headlight Control Module across the major markets
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the Headlight Control Module in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market.

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:

  • Analyze the current and forecast market size of Headlight Control Module in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segments in the study include type, application, and vehicle
  • Defined analysis of the regulatory framework for the Global Headlight Control Module industry
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
  • Analyze the current and forecast market size of the Headlight Control Module for the major regions & countries
  • Major regions studied in the report include North America (US, Canada, Rest of North America), Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific), and Rest of World
  • Company profiles of the Headlight Control Module players and the growth strategies adopted by them to sustain in the fast-growing market

Deep dive regional & country level analysis of the industry