Headlight Control Module Market

Headlight Control Module Market Size (2023-2028):

The Global Headlight Control Module Market was worth US$ 3.81 billion in 2022 and is anticipated to reach a valuation of US$ 4.78 billion by 2028 and is predicted to register a CAGR of 4.12% during 2023-2028.

The headlight control module is an electronic controlling component installed in vehicles to regulate lighting functions. This component is additionally liable for controlling the functioning of horns in vehicles. Headlight control modules comprise the most assembly, which is responsible for the correct operation of the headlight. The function includes beam lights and beam pass of the vehicle, which plays a vital role during the drive at night and in harsh weather conditions. This component is liable for giving the signals to the respective power sources related to the various lights when and if they're required to be illuminated.

This rise in market value is often attributed to the increasing advancements within the available technologies for lighting systems, including easy installation and utilization features. The automotive industry primarily boosts the headlight control module market, and its demand is directly related to the sales of automobiles. The automotive sector is nowadays integrating these headlight control modules to justify their design norms and as corporate social responsibility (CSR) that obliges them to use components and high-tech modules. This factor has opened new growth opportunities for the vendors operating within the global marketplace for the headlight control module. The increasing sales of passenger vehicles, including the changing preference of consumers to pay more for private cars, are expected to drive this market during the outlook period. 

Market Drivers:

The advancement of lighting technology by various manufacturers is predicted to drive demand for the global headlight control module market. The growth in automotive engineering all at once with the surge in investments of the automotive manufacturers is supposed to fuel demand for the headlight control module market. The awaiting energy crisis and therefore the necessity to scale back greenhouse emission emissions have led vehicle manufacturers to form a significant effort to scale back the energy consumption of their vehicles they are presently developing vehicles that are wholly or partly driven by electricity, which is probably going to propel the demand for the electric and hybrid vehicle. It indirectly affects the expansion of the global headlight control module market. The growth for enhanced exterior look, safety, and advanced driving features from consumers is predicted to drive the headlight control module business globally. The government regulation regarding the lighting system and driving, together with the increasing traffic and consumer concern about security while driving is estimated to drive demand for the global headlight control module market.

Market Restraints:

The requirement of replacing the entire LED lighting system if the bulb is fused or blown with no chance of repairing the lights is predicted to limit the market growth. The requirement of higher and individual cooling systems to enhance the life period of the lighting systems is additionally supposed to restrict the market growth.

Market Recent Developments:

• Fixed Bending Light (FBL) and Cornering systems contain additional reflecting surfaces or elliptical modules within the headlamps or the foglamps dedicated to corner visibility. The extra light is switched on when the driving force turns the wheel or activates the blinker, and this is often offered by Valeo.

• Driving situations like these are often made safer with intelligent lighting. One of the goals of OSRAM Continental, the venture founded in 2018 by lighting specialist OSRAM and technology company Continental, is to require these functions to the subsequent level. The innovative HD headlight system presented by OSRAM Continental.

• Hella says it's developed a replacement headlight system that will be easily adapted for various applications to satisfy varying regulations around the world. The planning will allow carmakers to use one method in situ of as many as a dozen different headlights that a worldwide car currently may have to be sold from region to region, consistent with the supplier.

HEADLIGHT CONTROL MODULE MARKET REPORT COVERAGE:

Market Segmentation:

Headlight Control Module Market - By Application:

• Headlight Leveling
• Bending/Cornering
• High Beam Assist
• On/Off

A Headlight control module used for the aim of providing an automatic beam is advantageous for driving, especially on the highways, because it mechanically switches between the beam and therefore the beam, counting on the approaching traffic from another way. Regulations regarding driving and lighting, combined with increased traffic, and rising consumer awareness regarding security are estimated to drive the growth of the high beam assist segment during the foreseen period.

Headlight Control Module Market - By Vehicle:

Passenger Vehicle

• Compact
• Mid-Size
• Luxury
• SUV

Commercial Vehicle

• Light Commercial Vehicle
• Heavy Commercial Vehicle

Electric Vehicle

• Plug-in
• Hybrid
• Battery Operated

Electric vehicles are supposed to dominate the automotive sector in the coming years, which is likely to accelerate the growth of the headlight control module market.

Headlight Control Module Market - By Technology:

• Xenon
• LED
• Halogen

Headlight Control Module Market - By Power Supply:

• 12 Volt
• 24 Volt

Headlight Control Module Market - By Sales Channel:

• OEM (Original Equipment Manufacturers)
• Aftermarket

The aftermarket segment is presumed to expand with a notable CAGR in the foreseen years due to the increasing consumer demand for advanced features in their vehicles.

Market Reginal Analysis:

The Global Headlight Control Module Market Report includes the segmentation of regions:

• North America - U.S., Canada

• Europe - Norway, Germany, Sweden

• Asia Pacific - China, India, Japan

• Latin America - Brazil, Mexico, Argentina

• Middle East and Africa - Middle East, Africa

The North American headlight control module market is projected to have tremendous growth during the forecast period, owing to the outsized vehicle fleet in the area and the high adoption rate of advanced technology. The Europe headlight control module market is probably going to possess a prominent share within the global business because of sizeable automotive production and the high implementation of the advanced technology associated with improving vehicle safety features thanks to strict government regulation and high awareness among the population.

China is projected to possess a prominent share of the headlight control module market in the Asia Pacific region. The Asia Pacific headlight control module market is probably going to maintain a significant market share due to the increasing income in the developing countries and lots of automotive manufacturers that have set up producing facilities within the area, which is probably going to extend the motor vehicle production, promoting the demand for the regional headlight control module market.

Market Key Players:

1. Valeo (France)
2. Continental (Germany)
3. Hella (Germany)
4. Hyundai Mobis (South Korea)
5. Denso (Japan)
6. Aptiv (Ireland)
7. Magnetic Marelli (Italy)
8. Osram (Germany)
9. Renesas (Japan)
10. ZKW (Austria)
11. Koito (Japan)
12. NXP (Netherlands)
13. Lear Corporation (United States)
14. Keboda (China)
15. Keetec (Slovakia)