MarketersMEDIA / Newsroom / Global Automotive Halogen Bulbs Market 2019 Industry Analysis, Share, Growth, Sales, Trends, Supply, Forecast 2023

Global Automotive Halogen Bulbs Market 2019 Industry Analysis, Share, Growth, Sales, Trends, Supply, Forecast 2023

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— Automotive Halogen Bulbs Market:

Executive Summary

The automotive halogen bulbs market includes sales of automotive halogen bulbs that use a halogen gas inside the bulbs to increase light output and rated life.

The global automotive halogen bulbs market was worth $8.6 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 6.89% and reach $11.3 billion by 2023.

The automotive halogen bulbs market covered in this report is segmented by type into halogen short-arc lights, halogen long-arc lights, halogen flash lights. The automotive halogen bulbs market in this report is segmented by application into OEM's and afetrmarket. The automotive halogen bulbs market in this report is segmented by vehicle type into passenger vehicle and commercial vehicle.

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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 consumptions as compared to incandescent bulbs. Furthermore, properties such as decent lifespan of around 1000 hours under normal conditions and government regulations for more efficient bulbs will continue to drive growth in the automotive halogen bulbs market.

Growing popularity of LED and laser headlights in cars and bikes is acting as a restraint on the automotive halogen bulbs market. LED and laser headlights are compact in size and have high light emission power compared to halogen headlights. In addition, LED and laser headlights have a lifespan of over 20,000 hours, much higher than halogen bulbs. For instance, Osram supplied its laser headlamps for use in the BMW i8 and Audi R8 LMX car models.

Manufacturers are increasingly offering dual-beam halogen bulbs to cater to the increasing demand from the automobile industry. These products consists of dual metal filaments that produce a high energy dual-beam pattern comprising of a high beam and a low beam. The beams generated are of high light emitting power. H4, H7 and H13 are some of the types of dual filament halogen bulbs. For instance, Phoenix Lamps, an India based lighting manufacturer, manufactures and supplies the dual filament halogen lamps namely H4 & HS1 lamps used in four wheelers and commercial vehicles to automotive companies such as Piaggio, Mahindra , BMW and Volkswagen.

In May 2019, CK Holdings, a holding company of Calsonic Kansei Corporation acquired Magneti Marelli for $7.14 billion (6.2 billion euro). The acquisition will help CK Holdings to become a leading global independent automotive supplier. Magneti Marelli was engaged in designing and producing high-tech components, systems and modules for the automotive industry.

Major players in the market are GE Lighting, Philips Lighting, Osram Group, HELLA, Magneti Marelli, Toshiba, Eaton(Cooper), Panasonic, KOITO MANUFACTURING, Valeo

Continuous…

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Source URL: https://marketersmedia.com/global-automotive-halogen-bulbs-market-2019-industry-analysis-share-growth-sales-trends-supply-forecast-2023/88943197

Source: MarketersMedia

Release ID: 88943197

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