PUBLISHER: Allied Market Research | PRODUCT CODE: 1193073
PUBLISHER: Allied Market Research | PRODUCT CODE: 1193073
The lighting system used in a vehicle includes a lighting and a signaling device installed or integrated on the front, rear, and sides of the vehicle. These are useful in lighting the roadway for drivers; thereby, increasing the visibility of the vehicle. Automotive headlight allow drivers and pedestrians to analyze the vehicle's presence, position, size, direction of travel, and speed. Various technologies, such as halogens, xenon/HID, and LEDs have wider application in automotive lighting system.
The automotive original equipment manufacturers are massively adopting the LED lighting technology, owing to reduced power consumption and longer life span. With rapid technological advancement, smaller, efficient, moisture, and vibration resistant LED lights are available on the market. These lights have longer lifetime that can last for decades.
Increasing concerns regarding road safety and government regulations for lighting are the major factors driving the demand for lighting equipment. Factors such as increasing disposable incomes, improving lifestyle, and transportation requirements are contributing in the increase in the production of vehicles, which in turn, is fueling the demand for headlights. However, high cost of LEDs hinders the growth of the headlight market. Furthermore, increase in demand for advanced technology in vehicles is anticipated to provide a remarkable growth opportunity for the players operating in the market.
The headlight market is segmented into technology, vehicle type, propulsion type, sales channel, and region. By technology, the global market is divided into halogen, LED, and Xenon. By vehicle type, it is bifurcated into passenger cars and commercial vehicle. By vehicle propulsion, it is categorized into ICE vehicle and electric vehicle. By sales channel, the market is segmented as OEM and aftermarket. By region, the market has been analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Benefits For Stakeholders
By Technology
By Vehicle Type
By Vehicle Propulsion
By Sales Channel
By Region