Headlights Market - By Type,By Category,By Drive Train, By Vehicle Type, By Sales Channel, By Region - Global Opportunity Analysis & Industry Forecast, 2023-2030
Headlights Market Overview:
Market Snapshot:
Headlights Market - Report Coverage:
Attribute | Segment |
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By Type |
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By Category |
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By Drive Train |
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By Vehicle Type |
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By Sales Channel |
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By Geography |
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COVID-19 / Ukraine Crisis - Impact Analysis:
Key Takeaways:
Headlights Market Share (%) By Region, 2022
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Key Market Players:
- Koninklijke Philips N.V. (Philips Lighting N.V.)
- ams OSRAM AG (OSRAM)
- NAO Electronic Technology Co., Ltd.(NAOEVO)
- Faurecia SE (Hella)
- SUMITOMO ELECTRIC INDUSTRIES, LTD. (KOITO MANUFACTURING)
- Marelli holdings co. ltd. (Magneti Marelli S.p.A.)
- Valeo
- Fahren (Fahren Ursprung, Fahren Scourge)
- BEAMTECH
- Stanley Electric
Scope of the Report:
Report Metric | Details |
---|---|
Base Year Considered |
2022 |
Forecast Period |
2023–2030 |
CAGR |
6.3% |
Market Size in 2030 |
$12.5 billion |
Segments Covered |
Type, Category, Drive Train, Vehicle Type, Sales Channel and Region |
Geographies Covered |
North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, New Zealand and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa). |
Key Market Players |
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The Headlights Market is projected to grow at 6.3% CAGR during the forecast period 2023-2030.
Global Headlights Market size is estimated to be $8.1 billion in 2023 and is projected to reach $12.5 billion by 2030.
The leading players in the Headlights Market are NAO Electronic Technology Co., Ltd., Faurecia SE, SUMITOMO ELECTRIC INDUSTRIES, LTD., Marelli holdings co. ltd., Valeo and others.
New innovations with advanced technologies along with consumer preference towards LEDs with sleek designs over halogens are some of the major Headlights Market trends in the industry which will create growth opportunities for the market during the forecast period.
Increasing demand for durable and low-cost headlights, rising demand for the commercial vehicles due to increase in trade and the rising passenger vehicles market are the driving factors of the market. Introducing vehicles with Adaptive headlight systems and increasing sales of luxurious vehicles are creating substantial growth opportunities for the Headlight Market.