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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Headlight Market
Request Now !Automotive headlight is considered to be an important component of the vehicle at night. It is also termed as the eyes of the car while driving at night. The advancements in technology during the last few decades have led to various types of lights to be utilized as automotive headlights. Smart automotive headlights are adaptive, automatic, and technologically advanced headlights that adjust their lights’ brightness and switch on and off depending on the environment. They are an active safety feature of the vehicle as they improve visibility on curves and make driving safer in low-light conditions. Automotive headlights provide optimum visibility with high beam assistance, intelligent blind-spot intervention, and lane departure warning. The other supporting features for the use of these headlights include intelligent back-up intervention, angled lights filling the blind spot, and minimizing road accidents while cornering in a dark area. The rising safety concerns of consumer buying automotive drive the demand for smart automotive headlights over the forecast period.
Market scope and structure analysis:
Report Metric | Details |
Market size available for years | 2020–2027 |
Base year considered | 2019 |
Forecast period | 2021–2027 |
Forecast unit | Value (USD) |
Segments covered | Technology, Type, Users, and Function |
Regions covered | North America (U.S., Canada and Mexico), Europe (Germany, UK, France, Russia and rest of Europe), Asia-Pacific (China, Japan, India, South Korea and rest of Asia-Pacific), and LAMEA (Latin America, Middle East and Africa) |
Companies covered | OSRAM GmbH, Robert Bosch GmbH, Valeo SA, SLD Laser, LASER Component., ZKW Group., Palomar Technologies, Koito manufacturing Co. Ltd, Marelli Holdings Co. Ltd., Hella GmbH & Co. KGaA., and Koninklijke Philips N.V. |
COVID-19 scenario analysis:
Increase in demand for premium segment vehicles and growing awareness among individuals are expected to drive the growth of the market. However, the high cost of LED lights and low penetration of advanced lighting in hatchback, compact sedan, and entry-level SUV are anticipated to restrain the growth of the market. Furthermore, partnership between automotive OEMs and lighting system manufacturers is expected to generate new opportunities for the market over the forecast period.
The headlight market trends are as follows:
Sales of premium segment vehicles are increasing as the lifestyles and preferences of customer are enhancing with the increase in disposable income across the globe. To maintain a better position in the market, premium automobile segment manufacturers are offering technologies and features for a healthy competition with their competitors, thereby boosting the automotive headlight market during the forecast period.
The number of road accidents is increasing across the globe, which enlightens customers about the safety & security norms of a vehicle. Many customers keep the safety & security measure as their topmost priority while buying a vehicle, which has led to manufacturers introducing more safety measures in their respective vehicles to maintain their position in the market. The growing safety concerns among customers are anticipated to foster the automotive headlight market growth over the forecast period.
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Key benefits of the report:
Questions answered in the headlight market research report:
Key Market Segments
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Key Market Players
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