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global market size estimation of LED headlamps from the year 2020 to 2024

Although affected by the covid-19 pandemics between 2020 and 2021, the need for energy-efficient automotive lighting systems is much driving the market growth of car LED headlamps. The efficiency of LED headlights is very important in automobile safety. So OEMs and suppliers of automotive LED headlamps are focusing more on introduction of bright and energy-saving LED headlamps in vehicles.
the briefing about global car led headlamps market from the year 2020 to 2024
It is estimated that potential growth for automotive LED headlights between 2020 and 2024 will be up to USD 2.35 billion, accelerating at a CAGR of over 14%.

In terms of color temperature, the LED headlamps are often categorized into five color temperatures such as amber light, natural daytime white light, pure white light,cool white light.

Basically, automotive LED headlamps market is segmented into three types for applications, such as passenger cars, commercial vehicles and others.

On geography, the global market is classified into Europe,north America,Asia, south America and the middle east.The Asian region will cover 44% of the market share. 

In China, it is the biggest passenger vehicle market in the world, LED headlight penetration has grown at double digits in past 3 years and is effectively replacing HIDs in mid and premium segment.

In Europe, premium cars(priced >$40,000) account for 20-21% of new car sales annually, LED headlights are fast gaining ground across all major  premium brands.

In US, LED headlights are offered on best-selling vehicles like Ford F-150,Honda Accord and Jeep Wrangler on other higher models.

A popular market trend seen in recent years is that in the mass market segment, which is now replacing halogen light with LED headlight is adopting single beam headlights and the higher segment cars are upgrading to multi-beam LED headlights from single/bi-beam. And, the future for premium car makers is  LED headlights synced with front camera to achieve the purpose of Intelligent adaptive headlights. Automotive LED headlamp technologies keep develeping continuously. The introduction of laser headlights will be seen more in the luxury car segment, which will be a challenge for the global automotive LED headlamps market.

Currently, there are some important players and suppliers of LED headlamps in the world, they are 

Hella GmbH & Co. KGaA
Koito Manufacturing Co. Ltd.
Koninklijke Philips NV
LG Electronics Inc.
Lumax Industries Ltd.
Samsung Electronics Co. Ltd.
Stanley Electric Co. Ltd.
Valeo SA
Varroc Engineering Ltd.
SL Corporation
TYC Genera
Ta Yih Industrial
Changzhou Xingyu Automotive Lighting Systems
Jiangsu Tongming
Liaowang Automotive Lamp
Laster Tech

Among them, Hella and ZKW are the famous players in Europe, offering LED headlamps for wide range covering passenger cars, buses and coaches, and commercial vehicles.  
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