Market Research Report
Headlight Control Module - Global Market Outlook (2018-2027)
|Published by||Stratistics Market Research Consulting||Product code||911702|
|Published||Content info||158 Pages
Delivery time: 2-3 business days
|Headlight Control Module - Global Market Outlook (2018-2027)|
|Published: September 1, 2019||Content info: 158 Pages||
According to Stratistics MRC, the Global Headlight Control Module Market is accounted for $3.41 million in 2018 and is expected to reach $5.52 million by 2027 growing at a CAGR of 5.5% during the forecast period. Increasing advancements in lighting technology, growing sales of premium vehicles and SUVs and rising bulb out warning systems are the major factors driving the market growth. However, requirement of better and individual cooling system to improve the life-period of the lighting systems may hamper the market growth.
Headlight control module is an electronic controlling component installed in vehicles to control the lighting functions of the vehicle. This component is also responsible for controlling the functioning of horns in vehicles. The function includes low beam lights, high beam lights and beam pass of the vehicle, which plays a crucial role during the drive.
By Technology, Light-Emitting Diode (LED) segment has a growing prominence due to the its more adaptive features, and aesthetically appealing looks. Advances in automotive LED technology enable drivers to turn the corners and negotiate nighttime driving with greater safety. Based on geography, Asia Pacific is estimated to have a lucrative growth due to high consumer adoption and high sales of automobiles in this region.
Some of the key players profiled in the Headlight Control Module Market include Aptiv, Continental AG, Hella, Hyundai Mobis, Keboda, Lear Corporation, Magneti Marelli, Renesas, Vale and ZKW.
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.