Automatic High Beam Control Market is projected to witness 5.14% CAGR by 2032

Pune, India, September 2019, MRFR Press Release/- Market Research Future has published a Half-Cooked Research Report on the Global Automatic High Beam Control Market.

Market Highlights

Automatic high beam control (HBC) is one of the features of the driver assistance system (DAS). Rise in the demand and sale of electric vehicles, increasing adoption of automation system for automatic high beam control, growing road accidents during night, and growing focus on enhancing the safety features in vehicles are driving the growth of the market.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Automatic High Beam Control Market Research Report

Competition among automatic high beam control manufacturers and the government regulations to enhance vehicle and driver safety, has encouraged the manufacturers to design the system as per the government regulations across different regions, which is considered as one of the key factors responsible for the growth of this market. Thus, the global automotive high beam control market is expected to cross USD 12 Billion by 2030 at a projected CAGR of 6% over the forecast period.

The global automatic high beam control market is segmented on the basis of vehicle type, propulsion, sales channel, and region. By vehicle type, the market is segmented as passenger car and commercial vehicle. By propulsion, the global market has been segmented into an internal combustion engine (ICE) and electric vehicle. On the basis of the sales channel, the global market has been segmented into OEM and aftermarket.  

Drivers: Global Automatic High Beam Control 

Market Research Analysis

By region, the global market for automatic high beam control is segmented as North America, Asia-Pacific, Europe, and the rest of the world. The market in Asia-Pacific is estimated to hold the largest share of the global automatic high beam control market during the forecast period due to the presence of emerging economies, such as China, Indonesia, South Korea, Taiwan, and India, rising sales of passenger cars and commercial vehicles especially e-car and e-bus, increasing usage of lighting on vehicles, and increasing popularity of LED lights are contributing to the market growth in the region. Furthermore, in the Asia-Pacific region, China is expected to hold the largest shar and is projected to grow at a rapid pace over the forecast period due to the presence of a large consumer base, automotive light manufacturers, and developing economy.

North America is poised to witness significant growth for the automatic high beam control market due to the growing propensity of buyer’s towards high end-luxury cars from the US and Canada. The US is anticipated to grow at a faster rate than Canada over the forecast period due to a stable economy, advanced technology, and the presence of major players such as North American Lighting and Varroc Lighting Systems.

Automatic high beam control market in Europe is expected to witness moderate growth due to the presence of many automotive brands such as Audi, BMW, Volkswagen, and Fiat and their willingness to adopt new technologies. In Europe, Germany is projected to grow at a significant rate over the forecast period due to the presence of key automotive high beam control manufacturers like Hella, OSRAM, and Continental. The rest of the world is comprised of regions such as South America and the Middle East & Africa. South America is an emerging region, which is incorporating technological advancements in the automatic high beam control market at a rapid pace.

Scope of the Report

This study provides an overview of the global automatic high beam control market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific, and the rest of the world. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global automatic high beam control market by type, application, and regions.

• By Vehicle Type
  
  
  
  • Passenger Car
  
  
  • Commercial Vehicle
  
  
  
  

• By Propulsion
  
  
  
  • ICE Vehicle
  
  
  • Electric Vehicle
    
    
    
    • Battery Electric Vehicle (BEV)
    
    
    • Hybrid Electric Vehicle (HEV)
    
    
    • Plug-In Hybrid Electric Vehicle (PHEV)
    
    
    
    
  
  
  
  

• By Sales Channel
  
  
  
  • OEM
  
  
  • Aftermarket
  
  
  
  

• By Regions
  
  
  
  • North America 
  
  
  • Asia-Pacific 
  
  
  • Europe
  
  
  • Rest of the World  
  
  
  
  

Key Players

The prominent players in the Global Automatic High Beam Control Market are Robert Bosch GmbH (Germany), Hyundai Mobis (South Korea), Denso Corporation (Japan), North American Lighting (US), Renesas Electronics Corporation (Japan), Aptiv Plc (Netherlands), Lear Corporation (US), NXP Semiconductors N.V. (Netherlands), Gentex Corporation (US), Flex-N-Gate Corporation (US), Federal-Mogul (US), Stanley Electric Co., Ltd. (Japan), Hella KGaA Hueck & Co. (Germany), Magneti Marelli S.p.A. (Italy), OSRAM Licht AG (Germany), Valeo (France), Continental AG (Germany), and Koninklijke Philips N.V. (Netherlands).

The key players operating in the global automatic high beam control market are focusing focus on mergers and acquisitions, collaborations, partnerships, and new product development and various strategies to strengthen their market position in the highly competitive market.