Automotive Fog Light Market Segments, Opportunity, Growth and Forecast by End-Use Industry 2017 to 2022
August 29, 2019 by Steve Blade
Fact.MR complied a report on automotive fog light market for the forecast timeline of 2017 to 2022. This report on automotive fog light market comprises of insights garnered by conducting extensive primary research and a holistic analysis of qualitative as well as quantitative aspects quoted by industry experts of automotive fog light market. This report gives a transparent picture of the current scenario of automotive fog light market including historical and projected market forecasts, technological proliferations, and macroeconomical factors fostering automotive fog light market. This study on automotive fog light market also provides in-depth information and winning strategies of the change markers in the industry. The report on automotive fog light market also offers a broader axonomy of different market segments and regions included in the research study.
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.
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
This section of the report offers a detailed section on key contributors in automotive fog light market. A dashboard view of each of the mentioned profiles complete with detailed insights on their respective SWOT analysis along with detailed assessment of their product portfolio, market contribution, as well as recent developments have been slated to aid readers’ understanding about the competition spectrum.
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.
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