LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global automotive adaptive fog lights market report. This research report also lists two other prominent vendors that are expected to impact the market during the forecast period.
Safety is becoming a major concern for automobile users and governments. Hence, various safety standards have been set to ensure the safety of vehicles, further boosting the market growth of advanced driver assistance systems in the automotive industry. Fog lights have gained a quicker adoption rate in passenger cars owing to the increase in recreational road trips, adventure rides, nighttime driving, and sporting events.
Technavio anticipates that adaptive fog lights will find increased penetration in all car classes by the end of the forecast period as both optional and standard fitments. The use of laser lights, IMU sensors, radars, and integration of various systems such as night vision technologies make fog lamps more user-friendly and enhance the safety aspect of vehicles.
Competitive vendor landscape
Amey Vikram, a lead automotive electronics research analyst from Technavio, says, "There are only a few successful and established vendors in the market that offer adaptive fog lights. Hence, the bargaining power of buyers is currently low. To improve vehicle safety and comfort, vendors are developing lighting systems that reduce glare and offer obstacle detection via sensors, night vision systems, and radars. Such safety measures will drive the growth of the automotive adaptive fog lights market."
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Top five automotive adaptive fog lights market vendors
German company HELLA is involved in the design and sales of lighting technology and electronic components for the automotive industry. It is specialized in headlamps and electric control circuits. In the lighting division, it offers work lights, front lights, headlights, taillights, beacons, and interior lights with halogen, xenon, and LED technology for the lighting system.
KOITO MANUFACTURING is a Japan-based company that focuses on the manufacturing and sales of electrical equipment, aircraft parts, and automotive lighting equipment among other products. The company's products are used in various applications such as transportation, aviation, traffic systems, railways, and shipping.
Magneti Marelli is an Italian company that supplies automotive parts and automotive lighting systems. It focuses on designing and manufacturing lighting systems and components in the automotive industry. Its business segments include automotive lighting, suspension systems, exhaust systems, electronic systems, powertrain, plastic component and modules, aftermarket parts and services, and motorsport.
OSRAM provides lamps, luminaires, and lighting solutions. It caters to retail, supermarkets, automotive, medical applications, industrial buildings, hospitality, and street and urban markets. As of September 2014, the company employed 33,800 people and operated 33 production and manufacturing facilities in over 120 countries.
Valeo is a French automotive supplier that provides innovative systems and products that help in carbon dioxide emissions reduction and improved vehicle performance. It also develops methods for intuitive driving. Valeo has 16 research centers, 133 plants, and 15 distribution platforms in over 29 countries worldwide.
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