The market for headlight control module is expected to grow at a CAGR of around 4.3% from 2020 to 2027 and expected to reach the market value of around US$ 4,997.5 Mn by 2027.
The headlight control module is a lighting control module that controls various lighting systems of headlights, taillights, turn signals, brake lights, fog lights, and hazard lights. The functions which are controlled include automatic headlamps, turn signal operation, and daytime running lamps.
The advancement of the lighting technology by the manufactures in the automotive industry is supporting the market growth. The rising demand for enhanced exterior look, safety, and advance driving features in the vehicle is accelerating the market value. The increasing demand for luxury vehicles along with the advanced lighting features is supporting market growth. The government regulation regarding the lighting system coupled with the increasing traffic and consumer safety concern is further bolstering the market value.
On the other side, need to replace the complete LED lighting systems if the bulb is fused or blown and the requirement of the better and individual cooling systems that can improve the life span of the lighting systems are the factors projected to hinder the growth over the forecast timeframe.
High Beam Assist segment is leading the market with major share
By function, the high beam assist segment accounted for the maximum share (%) in terms of value, and the segment is also projected to maintain its dominance over the forecast timeframe from 2020 to 2027. The benefits of high beam assist especially while driving on highways, when it automatically switches between high beam and low beam, as per the oncoming traffic from the opposite direction are accelerating the market value.
The market research study on “Headlight Control Module Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 – 2027”, offers a detailed insight into the global headlight control module market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights into the global headlight control module market, its technology, function, vehicle type, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global headlight control module market size and volume, and segment markets by technology, function, vehicle type, and geography along with the information on companies operating in the market. The headlight control module market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East and Africa. For each region, the market size and volume for different segments have been covered under the scope of the report.
Asia Pacific registered major share in the global market
In 2019, Asia Pacific is leading the market with a major share (%) and also projected to maintain its dominance over the forecast timeframe from 2020 to 2027. The region is gaining pace on account of its emerging economies like China and India. The increasing middle-class population along with their increasing disposable income is supporting the regional market value. The rapidly expanding automotive sector particularly passenger vehicle and electric vehicle are majorly contributing to the market growth. Additionally, the region is projected to exhibit the fastest growth over the forecast timeframe from 2020 to 2027.
The players profiled in the report include Aptiv, Continental AG, Denso Corporation, HELLA GmbH & Co. KGaA, Hyundai Mobis, Lear Corporation, Magneti Marelli S.p.A., NXP, Renesas Electronics Corporation, Robert Bosch GmbH, VALEO SERVICE, and ZKW.
Market By Technology
Light-Emitting Diode (LED)
Market By Function
High Beam Assist
Market By Vehicle Type
Passenger Cars (PC)
Light Commercial Vehicles (LCV)
Market By Geography
Middle East & Africa
The advancement of the lighting technology, rising demand for enhanced exterior look, safety and advance driving feature, increasing demand of luxury vehicle, government regulation regarding the lighting system, and increasing traffic and consumer safety concern are some of the factors driving the market growth.
The market for headlight control module is expected to reach the market value of around US$ 4,997.5 Mn by 2027.
The headlight control module market is expected to grow at a CAGR of around 4.3% from 2020 to 2027.
Aptiv, Continental AG, Denso Corporation, HELLA GmbH & Co. KGaA, Hyundai Mobis, Lear Corporation, Magneti Marelli S.p.A., NXP, Renesas Electronics Corporation, Robert Bosch GmbH, VALEO SERVICE, and ZKW are the prominent players in the market.
Asia Pacific held the highest market share in the headlight control module market.
The high beam assist is the leading segment by function in the headlight control module market.
Asia pacific is expected to be the fastest growing market over the forecast period.