Press release
Automotive Headlight Market – Industry Analysis, Size, Share, Growth, Trend And Forecast
Automotive headlight is an important component of the vehicle. Advancements in technology for the last few decades have led to various types of lights to be utilized as the automotive headlights. Automotive headlights are termed as the eyes of the car while driving at night.Increase in accidents while driving at night is likely to drive the automotive headlight market. According to the World Health Organization (WHO), every year, nearly 1.25 million persons die as result of road-accidents globally. Majority of them occur at night, due to poor visibility. Research by WHO reveals that the common road-traffic fatalities, about 95%, are caused due to driver error. According to USA government, around 94% of accidents in the U.S. are caused due to human error while driving on the road. Driving circumstances are unusually different at night; vision is limited and it is challenging to detect bike riders, cyclists, and pedestrians.
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Automotive headlights are highly effective to overcome this situation. Weather conditions in several countries hamper visibility during the day as well. Smog caused due to pollution smoke, and fog, also leads to reduction in visibility on the street. Climate is altering daily because of various aspects like global warming. Transformation in the climate has a hostile effect on the atmosphere. Improving the visibility via automotive lighting is vital for such situations. Automotive headlight system augments distribution of light even at day time, which is likely to propel the automotive headlight market.
The global automotive headlight market can be segmented based on the light type, technology, vehicle type, vehicle class, sales channel, and region.
Based on light type, the automotive headlight market can be divided into halogen, xenon, LED, OLED, and laser headlight. Halogen headlights are conventional headlights and are primarily incorporated in low-end vehicle. However, the segment is contracting at a rapid pace. LEDs are currently most commonly attributed as headlights. LEDs are highly effective and inexpensive, as compared to other available light types. The laser headlight segment is expanding at a rapid pace, due to heavy adoption of laser headlights in premium and luxury passenger vehicles; however, the adoption of these lights in lower-end vehicle is hampered due to their higher price. OLEDs are effective for interior lighting. Xenon has more luminosity than LEDs; however, they are expensive.
Based on technology, the automotive headlight market can be bifurcated into adaptive headlight, intelligent headlight, and others. Adaptive headlight is commonly utilized in premium vehicles. The others segment comprises smart headlight.
In terms of vehicle type, the automotive headlight market can be bifurcated into passenger vehicle and commercial vehicle. The passenger vehicle segment can be further sub-segmented into hatchback, sedan, and SUV/MPV.
Based on vehicle class, the automotive headlight market can be split into entry, mid, and premium/ luxury segment. The luxury segment dominated by the laser and LED headlights.
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In terms of sales channel, the automotive headlight market can be divided into OEM and aftermarket. The OEM segment is likely to hold a prominent share of the market, as the replacement of the headlight is carried only when it is damaged due to accident or mishap.
Based on region, Asia Pacific dominated the global automotive headlight market, in terms of volume. Market share of automotive headlights is significant for Asia Pacific is followed by Europe and North America. Middle East & Africa, and Latin America regions are considered for the report.
Global players operating in the market for automotive headlight market include Nox Lux, Pacific Insight Electronics Corp., Infineon Technologies AG, Philips Automotive, Arkema Group, HORPOL J.I.A.T. Horeczy Sp. J., and HELLA GmbH & Co. KGaA.
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