Automotive Fog Light Market: Rising Preferences for Fog Lights Among Huge Vehicles Driving Demand
As per the report published by Fact.MR, automotive fog light market has raised a valuation of US$ 2,130.2 Mn in 2017 and is further expected to value around US$ 2,699.2 Mn by 2022 end.
[ClickPress, Thu Jun 13 2019] The report on automotive fog light market, compiled by Fact.MR, delivers a rigorous assessment of the industry by analyzing qualifying technologies, key trends, drivers, standardization & regulatory landscape, and deployment models of automotive fog light market. The automotive fog light market report also presents anticipations of growth of automotive fog light market for the forecast period of 2017-2022. The report on automotive fog light market also consist of a SWOT analysis with an investment practicableness analysis of automotive fog light market. The prime opportunities in the rapidly growing automotive fog light market have been exclusively coated throughout this report.
In their bid to offset soaring instances of road accidents attributed to poor road visibility during challenging environmental conditions such as fog and downpour, automobile manufacturers are fast refurbishing their conventional fog lights portfolio for enhanced driving experience. In the wake of fast paced growth in automotive industry and growing ownership across regions backed by mushrooming middle class and accelerated disposable income, the automotive fog lights market is poised to demonstrate impressive growth in forthcoming years.
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Besides functional optimization pertaining safety and visibility of automotive fog lights, prominent forerunners are enabling relentless technological transformations towards user convenience as well as easy access. Technological advancements to procure high-end variants in terms of superlative performance has witnessed massive innovations. To cite an instance. Leading market player Philips X-tremeVision LED fog lights have been recently unveiled globally as a plug-n-play variant, as opposed to traditional fog lights. The development is likely to foster stupendous growth in automotive fog light market in years to come.
Further in automotive fog light realm, new technologies such as SafeBeam enables even emission of fog lights by dispersing the light directly on the roads rather than on drivers' eyes, thereby significantly averting fatal road mishaps. Besides such groundbreaking innovations, modern automotive lights offer expanded durability and other features such as shock and vibration resistance. Besides such product refurbishments, leading players are also pegged at offering other variations such as hues. Available in white, yellow, and blue light, automotive fog lights remain intricately crucial for enhanced functionalities and greater adoption.
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Drivers to Seek for an Explicit View of Roads, Makes White Fog Lights Highly Remunerative in Automotive Fog Light Market
White fog lights are foreseen to be the most sought-after in automotive fog light market for the stakeholders to focus on. The demand for white fog sales in the automotive fog light market tends to witness a drastic upturn and is poised to register the highest CAGR through 2022 in automotive fog light market. This demand of white fog lights in automotive fog light market can be credited to curtailment in glares produced by white fog lights, which facilitates the drivers to have a crystal clear view of the roads.
Automotive Fog Light Market: Competition Landscape
General Electric Company, Valeo SA, OSRAM Light AG, HELLA KGaA Hueck & Co., Koninklijke Philips N.V., Magneti Marelli S.p.A., Warn Industries, Inc., Robert Bosch GmbH, Phoenix Lamps Limited, and Flex-N-Gate Corporation are some of the key companies in automotive fog light market. Companies operating in the automotive fog light market, such as Philips and OSRAM, are vying to introduce new add-ons in their existing offerings such as integrated lenses for fog-light distribution, LED fog lights with plug-and-play features, and so on. These product developments add great value to the existing offerings of automotive fog light market, thereby invigorating growth of automotive fog light market.
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