Global automotive fog lights market to grow at a CAGR of 3.32% during the period 2017-2021.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is all-feature headlamps. The next innovation in the automotive industry, which would revolutionize the assembly lines globally, is reducing the number of assembly parts. The integrated component technology reduces the number of assembly steps in a manufacturing process, which saves time, labor cost, material cost, and associated miscellaneous overheads.
According to the report, one driver in the market is innovation and advancements in efficient lighting. The developed automotive zones across the globe have stringent regulatory norms not only pertaining to the use of vehicles, but also for their manufacturing. These regulations are developed considering the safety of the drivers and passengers, as well as that of the environment. In order to comply with these stringent norms, OEMs focus on the investment in their technological research, and develop efficient technologies. Additionally, the consumer disposable income is increasing globally, which has become a prime factor to attract demands for high-end products.
Further, the report states that one challenge in the market is diverse segmentation of fog lights. The industry has multiple growth opportunities, but the exact future requirement of a fog light type is directly influenced by the development of lighting technologies. The technological advancements in automotive fog light systems have been slow as compared with the global automotive lighting technology transformation and advancement rate.
- GE Lighting
- Koito Manufacturing
- Magneti Marelli
Other Prominent Vendors
- SL Corporation
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Sizing
Part 07: Five Forces Analysis
Part 08: Market Segmentation by End-User
Part 09: Market Segmentation by Product Type
Part 10: Regional Landscape
Part 11: Decision Framework
Part 12: Drivers and Challenges
Part 13: Market Trends
Part 14: Vendor Landscape
Part 15: Key Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/cq3ktb/global_automotive?w=4