Automotive Fog Light Market: Drivers Worldwide to Splash Out on Automotive Fog Lights

Posted on 2019-02-15 by Mark Hub in Automotive // 0 Comments

Rockville, USA, 2019-Feb-15 — /EPR Network/ — The fog lights market has witness a potential upturn over the last few years and is likely to carry the prominence over the time. This can be attributed to the stellar progress of its parent market i.e. global automotive market. As the automakers persist to penetrate growing and emerging markets, the demand for automotive fog lights will also escalate. People are getting highly aware of the benefits offered by adaptive fog light solutions and are raising substantial requirements from the automotive fog light market.

To enhance the lifespan of fog lights and upgrade their efficacy, deliberate attempts are being made by the industry participants of automotive fog light market. 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.

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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.

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The debut of major technological enhancements and breakthroughs in the lighting industry has crafted an optimistic outlook for the companies of automotive fog light market. Partnerships and alliances with automobile OEMs are believed to revitalize the quality of new product developments in automotive fog light market. The major challenges which the manufacturers might get subjected to is developing cost-effective and high quality lighting systems. Minimalizing the effect of bright light to prevent driver distraction is another area of concern for the stakeholders of automotive fog light market to address.

The ‘go-green’ revolution has set the standards for eco-friendly products, which is a preeminent reason of rising demand for environment friendly solutions. To keep with the aforementioned rage, manufacturers of automotive fog light market are developing energy efficient products to procure high return on investments.

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Competitive 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.

About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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