Press release
Headlight Market to Illuminate $12.0 Billion by 2031, Driven by Technological Advancements: Allied Market Research
๐ฐ ๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ - https://www.alliedmarketresearch.com/request-sample/A10710
Automotive manufacturers are developing new products to address stringent emission regulations. Greater demand for luxury vehicles, heavy dependence on road for freight movement, and rise in production and sale of vehicles drive the growth of the automotive headlight market.
Increasing concerns regarding road safety and government regulations for lighting are the major factors driving ๐ญ๐ก๐ ๐๐๐ฆ๐๐ง๐ ๐๐จ๐ซ ๐ฅ๐ข๐ ๐ก๐ญ๐ข๐ง๐ ๐๐ช๐ฎ๐ข๐ฉ๐ฆ๐๐ง๐ญ. ๐ ๐๐๐ญ๐จ๐ซ๐ฌ ๐ฌ๐ฎ๐๐ก ๐๐ฌ ๐ข๐ง๐๐ซ๐๐๐ฌ๐ข๐ง๐ ๐๐ข๐ฌ๐ฉ๐จ๐ฌ๐๐๐ฅ๐ ๐ข๐ง๐๐จ๐ฆ๐๐ฌ, improving lifestyle, and transportation requirements are contributing in the increase in the production of vehicles, which in turn, is fueling the demand for headlights. Furthermore, increase in demand for advanced technology in vehicles is anticipated to provide a remarkable growth opportunity for the players operating in the headlight market.
๐๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ๐ฌ ๐ญ๐ก๐ ๐ ๐ฅ๐จ๐๐๐ฅ ๐ก๐๐๐๐ฅ๐ข๐ ๐ก๐ญ ๐ฆ๐๐ซ๐ค๐๐ญ ๐จ๐ง ๐ญ๐ก๐ ๐๐๐ฌ๐ข๐ฌ ๐จ๐ ๐ญ๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ, ๐ฏ๐๐ก๐ข๐๐ฅ๐ ๐ญ๐ฒ๐ฉ๐, ๐ฏ๐๐ก๐ข๐๐ฅ๐ ๐ฉ๐ซ๐จ๐ฉ๐ฎ๐ฅ๐ฌ๐ข๐จ๐ง, ๐ฌ๐๐ฅ๐๐ฌ ๐๐ก๐๐ง๐ง๐๐ฅ, ๐๐ง๐ ๐ซ๐๐ ๐ข๐จ๐ง.
๐๐๐ฌ๐๐ ๐จ๐ง ๐ญ๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ, the LED segment held the largest share in 2021, accounting for nearly half of the market. In addition, the segment is estimated to register the highest CAGR of 7.3% during the forecast period.
๐ฐ ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ: https://www.alliedmarketresearch.com/headlight-market/purchase-options
๐๐ง ๐ญ๐ก๐ ๐๐๐ฌ๐ข๐ฌ ๐จ๐ ๐ฏ๐๐ก๐ข๐๐ฅ๐ ๐ญ๐ฒ๐ฉ๐, the passenger cars segment dominated the market in terms of revenue in 2021, accounting for around three-fifths of the market. In addition, the segment is estimated to register the highest CAGR of 6.7% from 2021 to 2031.
๐๐๐ฌ๐๐ ๐จ๐ง ๐ฏ๐๐ก๐ข๐๐ฅ๐ ๐ฉ๐ซ๐จ๐ฉ๐ฎ๐ฅ๐ฌ๐ข๐จ๐ง, the ICE vehicle segment held the largest share in 2021, accounting for more than 90% of the market. However, the electric vehicle segment is projected to manifest the highest CAGR of 12.5% during the forecast period.
๐๐ง ๐ญ๐ก๐ ๐๐๐ฌ๐ข๐ฌ ๐จ๐ ๐ฌ๐๐ฅ๐๐ฌ ๐๐ก๐๐ง๐ง๐๐ฅ, the OEM segment dominated the market in 2021, contributing to more than 90% of the market. However, the aftermarket segment is estimated to showcase the highest CAGR of 8.7% during the forecast period.
The global headlight market is analyzed across several regions such as North America, LAMEA, Asia-Pacific, and Europe. The market across Asia-Pacific held the lion's share in 2021, accounting for nearly half of the market. However, the market across LAMEA is expected to register the highest CAGR of 7.7% from 2022 to 2031.
๐๐ก๐ ๐ ๐ฅ๐จ๐๐๐ฅ ๐ก๐๐๐๐ฅ๐ข๐ ๐ก๐ญ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ข๐ง๐๐ฅ๐ฎ๐๐๐ฌ ๐๐ง ๐ข๐ง-๐๐๐ฉ๐ญ๐ก ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐ฉ๐ซ๐ข๐ฆ๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ฌ๐ฎ๐๐ก ๐๐ฌ Continental AG, De Amertek Corporation, HELLA GmbH & Co. KGaA, Hyundai Mobis Co., Ltd, Robert Bosch GmbH, Stanley Electric Co., Ltd, Valeo Sa, KOITO MANUFACTURING CO.,LTD., Koninklijke Philips N.V., J.W. Speaker Corporation, Osram Gmbh, and Zkw Group.
๐ฐ ๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ญ๐จ ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐ญ๐ก๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ? ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ - https://www.alliedmarketresearch.com/purchase-enquiry/A10710
๐๐๐ ๐ ๐๐๐๐๐๐๐ ๐๐ ๐๐๐ ๐๐๐๐๐
By technology, the LED segment is anticipated to exhibit significant growth in the near future.
By vehicle type, the passenger cars segment is anticipated to exhibit significant growth in the near future.
By vehicle propulsion, the electric vehicles segment is anticipated to exhibit significant growth in the near future.
By sales channel, the aftermarket segment is anticipated to exhibit significant growth in the near future.
By region, LAMEA is anticipated to register the highest CAGR during the forecast period.
๐๐จ๐ง๐ญ๐๐๐ญ:
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๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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