LONDON--(BUSINESS WIRE)--The global automotive fog lights market is expected to grow at a CAGR of more than 3% from 2017-2021, according to a new market research report by Technavio.
Global automotive fog lights market segmentation by product type and end-user
Technavio’s report on the global automotive fog lights market analyses the business dimensions and presents a comprehensive breakdown in terms of market segmentation by end-user (OEM and aftermarket) and product type (standard fog lights and adaptive fog lights). As projected in 2016, around 93% of the market share originated from standard fog lights segment. Standard fog lights use simple lighting technologies, and are used in vehicles during low-visibility conditions, to illuminate the path.
Based on geography, the global automotive fog lights market has been segmented into APAC, EMEA and the Americas. As of 2016, 38% of the market share came from APAC.
“Due to the presence of developing countries in APAC, the growth prospects of the automotive fog lights market are quite attractive. A majority of the shares of entry and mid-level vehicle categories belong to APAC. As only one-third of the vehicles have fog lights, there is ample scope for penetration in the fog light application segment,” says Amey Vikram, a lead analyst at Technavio for automotive electronics research.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
Automotive fog lights market: competitive vendor landscape
From halogens and filament to LED, the global lighting technology market has evolved significantly. GE Lighting, OSRAM, HELLA, Magneti Marelli, and Valeo are the major vendors operating in the global automotive lighting market as well as the global automotive fog lights market. The prime focus area for vendors and end-users is energy-efficient systems. Vendors operating in Europe and North America drive innovations in the automotive fog lights space.
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Other topics covered in the report:
Market drivers:
- Innovations and advancements in efficient lighting
- Increasing sales in the global automotive industry
Market challenges:
- Diverse segmentation of fog lights
- Availability of counterfeit products in the aftermarket segment
Market trends:
- All-feature headlamps
- Laser and OLED lighting systems
Get a sample copy of the global automotive fog lights market report free of cost
Access Technavio’s continuously growing automotive electronics research library and find expert analysis on hundreds of markets.
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at media@technavio.com.
