Market Research Report
Global Automotive Halogen Headlights Market 2019-2023
|Published by||TechNavio (Infiniti Research Ltd.)||Product code||785662|
|Published||Content info||124 Pages
Delivery time: 1-2 business days
|Global Automotive Halogen Headlights Market 2019-2023|
|Published: January 30, 2019||Content info: 124 Pages||
Halogen bulbs are the most economical option for the headlights in automotive vehicles. They are not only cost-effective but are also long-lasting enough to justify their pricing. Halogen reflectors are the most basic type of headlights which are standardly adopted by mini vehicles across the world. In addition, to significantly lower the cost of production of halogen headlights, halogen reflectors are adopted. These headlights occupy less space than other headlights. This makes them ideal as a fitment in entry-level cars. Therefore, we expect the lower cost of halogen headlights to remain a crucial driver for their adoption in the automotive market during the forecast period. Technavio's analysts have predicted that the automotive halogen headlights market will register a CAGR of over 4% by 2023.
The economic growth in the BRIGS nations has propelled the growth of the automotive industry. Many global automotive manufacturers have partnered with automakers based in the emerging markets to gain access to their domestic markets. Hence, the growing demand for automobiles in emerging economies will drive the demand for automotive halogen headlights.
Adaptive lighting systems are witnessing adoption in vehicles owing to the additional safety and comfort that they provide to the driver. Automotive OEMs are currently using adaptive headlights to differentiate themselves in the luxury vehicle segment, but we expect these systems to be introduced in CVs soon to enhance safety, especially during night driving. As a result, the growing adoption of adaptive headlights will have a negative impact on the demand for automotive halogen headlights during the forecast period.
For the detailed list of factors that will drive and challenge the growth of the automotive halogen headlights market during the 2019-2023, view our report.
The market appears to be highly concentrated and with the presence of very few companies. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.