Global Automotive Headlamp Reflector Market To Be Worth Around $1.29 Billion by 2025: Acumen Research and Consulting

Author: Acumen Research and Consulting

Acumen Research and Consulting, a global provider of market research studies, in a recently published report titled “Automotive Headlamp Reflector Market (Product Type: Plastics, Aluminum, Sheet Steel, Others; Application: Passenger Car, Commercial Vehicle) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2025”, forecasts that global market for automotive headlamp reflector is expected to grow at a CAGR of around 4% from 2018 to 2025 and reach the market value of around $1.29 billion by 2025. The automotive headlight reflector directs the light rays from the bulb into a concentrated beam of light, thus assisting the driver in clear visibility during night and overcast weather conditions. Reflector consists of a layer of silver, chrome, or aluminum on a smooth and polished brass or glass surface. Rapid growth in automobile production has driven the automotive headlamp reflector market.  Moreover, LED lighting is likely to gain high acceptance in premium segment vehicles and electric vehicles to provide numerous opportunities for the expansion of automotive headlamp reflector market
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Emerging Economies Drive the Market for Automotive Headlamp Reflector in Asia-Pacific
Asia-Pacific is expected to remain largest headlamp reflector market during the forecast period (2018- 2025). The region is also expected to create the maximum opportunities over the forecast year, driven by mainly China and India. The market dynamics of headlamp reflector in the Asia-Pacific region are generally classified into two markets. The first is the matured automotive market, such as Japan and South Korea, where demand for headlamp reflectors has been declining due to the shift of automotive production to the developing economies. The second is developing economies, such as China and India, where the demand for headlamp reflector is continuously increasing with the rise in automobile production and increase in urbanization.
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Manufacturers in APAC are Focusing on Multi-Reflector All-LED Lamps
Automobile manufacturers in APAC are mainly focusing on multi reflector all-LED lamps in their vehicles. This solution helps in providing cost effective product in cost sensitive markets such as India. Koito Japan and Lucas TVS developed multi reflector all-LED headlamps in July 2017. Though LED is much costlier than other headlamps, they owe popularity due to their various advantages. Some limitations such as distinct difference in light output due to limited angle range in projector headlamps that cannot be eliminated beyond the limit, makes it less expensive as compare to reflector headlamp. Therefore Koito Japan and Lucas TVS worked on all-LED lamps which have multi reflector consisting of low and high beam. The use of multi reflector in headlamps significantly reduces the size of headlamp offering great flexibility in design. In the latest technology the design surface has been eliminated to give multi style look for automotive vehicles. Multi reflector headlamps save around 25% cost compared to the conventional LED. Furthermore, multi reflector headlamps come with huge cost saving advantage, due to its advantage it is planned to install even in low cost cars. 
Free Form Reflector Light Technology: An Advanced Technique with A Protective Function
Free-form reflector technology is used for high performance with correspondingly high light output with the result of reflector surface and bulb position. It is a technology where the reflector surface has to calculate the point to illuminate certain areas of road. Free form reflector technology uses whole reflector surface and pattern free lens to design the technology. This advance technology has made possible to achieve a favorable beam pattern produced by reflector surface, leaving a cover lens with protective function.
Conventionally Coated Aluminium for Headlamp Reflectors in Automotive Sector
Aluminum is good metal for headlamp reflector and is widely used owing to its cheaper price compared to other materials, relatively ductile, machinable, and have low melting point. Mostly automotive sector uses aluminum for coating in headlamp reflectors as it delivers a reflectivity between 85% and 90%. On the other hand, sheet steel offers a reflectivity up to 97% and can contribute to energy efficient. Although aluminum is chemically very active, it is still preferred over sheet steel due to its excellent quality level and established manufacturing process. Moreover, cost of manufacturing sheet steel is estimated to be high compared to aluminum, so conventionally aluminum is used for coating headlamp reflectors. 
Demand from Emerging Regions Expected To Support Market Growth
Halogen is projected to maintain its dominance in the headlamp reflectors market over the forecast period, driven by Asia-Pacific and rest of the world region. LED and laser are likely to be the fastest-growing light type segments. Both developed regions North America and Europe are increasingly shifting from halogen and Xenon headlamps to LED and laser headlamp technologies. Major factors such as high energy efficiency, long life, light weight, and focused brightness are attributed to the several benefits offered by LED and laser headlamps over halogen and Xenon lights. These factors indicate the increase in demand for automotive headlamp reflector in developing nations during the analysis period and represents great opportunity for market expansion.
Some of the key players operating in the global automotive headlamp reflector market, profiled in the report include Hella KGAA Hueck & Co, Hyundai Mobis, Ichikoh Industries, Ltd., Koito Manufacturing Co. Ltd., Magneti Marelli S.P.A, Stanley Electric Co., Ltd., Bosch Limited, Federal-Mogul Powertrain, Winjet Automotive Inc., Koninklijke Philips N.V., OSRAM GmbH
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