About LED headlights
Traditional headlights comprise of a small number of lamps with modest optics to direct a light beam onto the road. The main goal of an automotive headlight is to improve safety in low light and poor weather conditions. In an LED headlight, free-form lenses dispense the light in a precise manner to yield the overall desired light distribution. LED headlights are the latest invention for vehicle forward lighting. They are much brighter than regular halogen bulbs and as bright as 35W HID headlights. LED lights consume much less power and turn on instantly as compared to the halogen or HID counterparts. LED kits are easier to fix and do not need a ballast to power them.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Japanese Vendors will contribute the maximum growth to Global LED headlights market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
HELLA (Germany), Phillips (Netherlands), OSRAM (Germany), Valeo SA (France), Imasen Electric Industrial (Japan), Texas Instruments (United States), Cooper Industries (United States), EPISTAR Corporation (Taiwan), Magneti Marelli S.p.A. (Italy), Hyundai Mobis Co., Ltd. (South Korea), Stanley Electric Co. Ltd. (Japan) and General Electric Company (Japan) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Nichia Corporation (Japan) and Koito Manufacturing Co., Ltd (Japan).
Segmentation Overview
AMA Research has segmented the market of Global LED headlights market by , Application (Two Wheelers, Passenger Cars, Buses and Trucks) and Region.
On the basis of geography, the market of LED headlights has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the LED headlights market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. OEM will boost the LED headlights market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Concerns and Strict Regulations Regarding Road Safety
Market Growth Drivers:
Increasing Demand for Automobile
Challenges:
Lot of Heat is dispersed to the Emitter
Restraints:
High Cost as Compare to Halogen Bulbs
Opportunities:
Increasing Infrastructure Development in Developing Countries
Market Leaders and their expansionary development strategies
On May 2, 2019- Osram has completed the acquisition of Ring Automotive. The acquisition of the British aftermarket specialist Ring will allow the high-tech company Osram to expand its product range in the automotive sector to include more automotive electronics and accessories.
In January 2024, Kenwood launched LED Headlights for the Indian market. The product will be available in 4300 Kelvin and 6000 Kelvin in H1, H4 / H19, H7, H8, H27, 9005 and 9006 variants for Cars / SUVs. Nippon Audiotronix India Pvt. Ltd., the official distributor of Kenwood, will be distributing this product range across India.
Key Target Audience
Manufacturers of LED Headlights, Suppliers of LED Headlights, Wholesalers, Distributors and Retailers of LED Headlights, Automobile Industry and Governmental Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.