The automotive halogen bulbs market size is expected to see steady growth in the next few years. It will grow to <b>$14.14 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. </b> The growth in the forecast period can be attributed to led and hid conversion, vehicle electrification, ustainability and energy efficiency, regulatory changes, advanced driver assistance systems (adas). Major trends in the forecast period include adaptive headlights, connected lighting, improved halogen bulbs, custom lighting, lighting design and aesthetics.
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Segmentation & Regional Insights
The automotive halogen bulbs market covered in this report is segmented –
1) By Product: Halogen Short-Arc Lights, Halogen Long-Arc Lights, Halogen Flash Lights
2) By Vehicle Type: Passenger Vehicle, Commercial Vehicle
3) By Application: OEMs, Aftermarket
<b>Asia-Pacific</b> was the largest region in the automotive halogen bulbs market in 2023. <b>North America</b> was the second-largest region in the automotive halogen bulbs market. The regions covered in the automotive halogen bulbs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
Lower cost benefits of halogen in headlights over other headlight types are expected to increase the demand for automotive halogen bulbs market. These bulbs are used in projector bulbs in headlights and incorporate low replacement costs and lesser energy consumption as compared to incandescent bulbs. Furthermore, properties such as a decent lifespan of around 1000 hours under normal conditions and government regulations for more efficient bulbs will continue to drive growth of the automotive halogen bulbs market.
Key Industry Players
Major companies operating in the automotive halogen bulbs market include <b>GE Lighting, Philips Lighting, Osram Group, HELLA, Magneti Marelli, Toshiba, Eaton(Cooper), Panasonic, KOITO MANUFACTURING, Valeo, Varroc Group, Koninklijke Philips N.V, Autolite (India) Limited, ZKW, PIAA, Hyundai Mobis, CEC Industries, Sylvania, M-Tech, Cardinal Carryor, Felling Trailers Inc., North American Signal Co., Orr & Orr Inc., MSC Industrial Supply Co., Nationwide Industrial Supply, Thin-Lite, WhiteLight, Marinco, NAOEVO, PowerBulbs</b>
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