Market Leader - Headlight Control Module Market
The global headlight control module market is projected to grow from an estimated value of USD 3.6 billion in 2019 to USD 5.0 billion in 2027, at a CAGR of 4.3% during the forecast period from 2019–2027. Significant increase in the demand for new car sales and a considerable amount of usage of adaptive headlights are surging the demand for headlight control module in the market. Soaring per capita income of consumer with a high purchasing parity, they can invest in advanced lighting features like adaptive lighting, thus, driving the market growth in the upcoming years.
Advancements in the LED headlight technologies and regulations on the headlights by various governing agencies such as NHTSA (The National Highway Traffic Safety Administration) has resulted in the growth of headlight control modules used for LED headlights in the market. Advancements in the adaptive headlights like automatic on/off, auto high beam, cornering lights, and headlight levelling are enhancing the customer experience. We may observe an increase in usage of the features specifically auto headlights, and high beam assist soon, while the penetration of features like headlight levelling is on the lower side and is expected to rise in the future.
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LED headlight technology is expected to dominate the headlight control module market globally during the forecast period 2019-2027. The changing consumer preferences and the introduction of LEDs with adaptive features at competitive pricing is expected to drive the growth of this product category. Many leading manufacturers have already developed LED headlights with adaptive features like automatic on/off, automatic high beam assist, and cornering/bend light. The segment is driven mainly due to factors like ease of use, the requirement of negligible initial setup, and lower power consumption by LED headlights. Moreover, being a headlight with higher visibility, it also has a lesser impact on the eyes of the other drivers coming from the opposite direction.
Headlight control modules used for automatic headlight levelling function is expected to be the fastest growing segment in the global market during the forecast period. Ease of use of these headlights and its essential feature of helping the driver find the correct path, especially in terrain areas or on bumpy roads, will drive the demand for these light modules. The current low penetration of this category in the commercial market and rising consumer awareness regarding its viability is expected to open abundant growth opportunities for the market in the future. Headlight control module with bending/curve feature is the second fastest growing segment of this market as this feature helps the driver to find his/her way easily while turning. These headlights will go a long way in avoiding accidents on roads that are present on high altitudes and during weather that has low visibility. Moreover, it will assist drivers on roads and highways that have sharp turns.
Related Reports:
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
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