Automotive Tail Light Market : Global Upcoming Demand & Growth Analysis up to 2022

Projected to expand at a sluggish CAGR of just-under 4% over 2017-2022, the global automotive tail light market will possibly surpass the revenue of US$ 12 Bn by the end of 2022. According to a recent publication by Fact.MR, the global market for automotive tail light will continue to witness the miniscule rate of growth owing to limited scope of applicability of automotive tail light, which is expected to remain responsible for undermining the growth prospects of the global market for automotive tail light.

Click Here To Access The Sample Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=3

“Adoption of the latest lighting technologies by automotive industry leaders will possibly open multiple doors of growth opportunities for automotive tail light manufacturers, forestalling the visible decline of the global automotive tail light market over 2017-2022.” – Consulting Research Analyst, Automotive Domain, Fact.MR.

Halogen Reigns Supreme; LED Slated for a Higher CAGR in Automotive Tail Light
Despite being a relatively lesser lucrative area of interest for automotive manufacturers and consumers, automotive lighting has been witnessing decent technological innovation over the years. Leading automakers and automotive component suppliers recently revealed the most sophisticatedly functional and aesthetically pleasing innovations in automotive tail lights and headlamps – at the North American International Auto Show (NAIAS), Detroit and CES 2018 technology show, Las Vegas.

As LEDs last 20X longer than conventionally used incandescent bulbs, making an excellent attribute for adoption of the former. Moreover, while conventional lamps achieve the electrical conversion of up to 10%, LEDs have been proven to convert nearly 90% of the energy into light. A number of manufacturers are also focusing on providing LED tailgate light bars for an additional safety and functionality element in heavy transport and commercial vehicles. Despite holding the largest value share of over 50% in the global automotive tail light market, performance of halogen is presumed to face rigorous competition by LED, which is anticipated to exhibit a higher CAGR through 2022.

View Full Report@:- https://www.factmr.com/report/3/tail-light-market

Plastics Foreseen to Maintain a Larger Share in Automotive Tail Light Market, over Metals
Research points at the fact that road traffic contribute for approximately one-fifth of the global CO? emissions. While the figure is consistently on the rise, adoption of lightweight vehicle technology can potentially help reduce it, according to industry experts. A vehicle just-10% lighter in weight tends to consume almost 5% less fuel compared to conventional vehicles, thereby contributing to reduction of CO? emissions.

With increasing concerns among consumers as well as automakers about greenhouse gases emission, the automotive components section is witnessing drastic surge in the adoption of lightweight vehicular component materials – including plastic. Plastics will this continue to gain higher traction than metals used in the manufacturing of automotive tail light – accounting for over two-third share of the total automotive tail light market value by the end of projection period.

A majority of automotive tail light manufacturers are focusing on tail light functionality improvement by adopting the latest technologies such as LED and OLED. Embracing the technological advances will additionally help manufacturers of automotive tail light achieve attractive design, appealing aesthetics, and avant-garde functionality of automotive tail light.

Request for the Customization of the report: https://www.factmr.com/connectus/sample?flag=RC&rep_id=3

Recently, Hella – the electronics and lighting expert, announced the integration of the OLED technology into the rear combination lamps of Audi’s new flagship car- A8. This innovation involves four upright OLED tail lights in each unit, and serves distinctive attributes for vehicular manufacturers (VMs) with sophisticated lighting functions. According to the lighting technology experts at Hella, the vehicular lighting technology can eliminate the need for additional optics, reflectors, and light guides – post adoption of the new OLED technology.