Key contents of the report include-Market size & Forecast segmented by, Technology (Halogen, HID, LED), Vehicle body type, OEM origin, Market Dynamics, Market share and competitive landscape of Projector headlamp suppliers
BANGALORE, INDIA, July 09, 2018 /24-7PressRelease/ —
The Chinese automotive lighting market is still price-oriented. Although halogen lights dominate the Chinese passenger vehicle scene, HIDs have gained prominence in domestic brand SUVs. HID is still the most preferred option in the performance lighting segment. The LED penetration rate in complete automotive lighting is high and at par with international level. China has seen rapid adoption of daytime running lamps (DRL) as it is closely linked with the signature styling of vehicles. The growth for LED DRLs in China comes at a time when domestic Chinese OEMs are striving for futuristic and compelling designs in order to fulfill their ambition of being successful in developed regions. As a result of this, the market penetration of DRL in China was 53% in 2017.
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MARKET SIZE AND FORECAST
The penetration rate of LED projector headlamp modules in the Chinese headlamp market is on the rise due to declining prices and improvement in their efficiency. The market presence of LED projector headlamps has increased following an increase in fitment from exclusively available on the premium vehicles to optionally available in the mid-range vehicles. Due to the complexity involved in designing high-power LED product segments, (high / low beam and fog light) and regulations regarding their compliance, they are mostly sourced from international manufacturers.
In order to keep pace with changing consumer tastes, the Chinese automakers have started updating their models in a much lesser time frame as compared to earlier. This is very much in line with global markets where the facelift/refresh of a car model is launched every 3 years and a new generation/upgrade is launched every 5-6 years. Every upgrade/facelift implies a change in frontal lighting. There is a long list of lighting features, Chinese OEMs have started to offer as a standard fitment over the past 3-4 years. Those features include projector headlamps, centrally high-mounted stop lamps, daytime running lamps, ambient lighting and auto levelling headlamps. Features like ambient lighting and auto levelling lamps were earlier only available on luxury vehicles but they are about to become standard on mid to high segment vehicles.
The projector headlamp market in China is extremely concentrated. The global automotive lighting companies rely on their technical capability and established relation with the OEMs to secure new orders. Whereas, the local Chinese automotive lighting suppliers have positioned themselves in the low to mid segment of passenger vehicles and aftermarket business.Over the past few years, some Chinese suppliers have shown aggressive intent in acquiring clients on the back of low pricing. On the other hand, the Japanese automotive lighting suppliers like Koito, Stanley Electric and European lighting manufacturers including Hella and Valeo have monopolized the automotive lighting in the mid to high-end segment.
THIS REPORT WILL ANSWER FOLLOWING QUESTIONS
1. The market size (both volume and value) of projector headlamps in China in 2015-2022 and every year in between?
2. The market size and forecast segmented by OEM origin (Domestic and Foreign)
3. The market size and forecast segmented by technology (Halogen, HID and LED)
4. The market size and forecast segmented by vehicle body type (SUV, MPV, Sedan, and Hatchback)
5. How the Chinese new car consumers are evolving
6. Upcoming SUVs, MPVs, Sedans with projector headlamps
7. Ongoing research on LED-based intelligent lighting system to enhance advanced driver assistance system
8. Market share of automotive lighting suppliers in China
9. Revenue, share, major customers and In-depth future growth plans of projector headlamp suppliers(both domestic and foreign)
10. Latest trends in the lighting of new cars sold in China
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