Global Automotive Adaptive Fog Lights Market 2017-2021
About Automotive Adaptive Fog Lights
Adaptive fog lights involve the incorporation of a swiveling reflector with normal fog lamps. When a turn signal is activated, or a large steering angle is detected, the fog lamp that corresponds to the in-side wheel is automatically switched on, and the reflector swivels inside the fog lamp to orient the light to the side of the vehicle where the wheels are turning. The market encompasses the sales of passenger cars that incorporate adaptive fog lights. Some of the luxury passenger cars use this system.
Technavio’s analysts forecast the global automotive adaptive fog lights market to grow at a CAGR of 25.65% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive adaptive fog lights market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Adaptive Fog Lights Market 2017-2021
Technavio recognizes the following companies as the key players in the global automotive adaptive fog lights market: HELLA, KOITO MANUFACTURING, Magneti Marelli, OSRAM, and Valeo.
Other Prominent Vendors in the market are: SL Corporation and Philips.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is reduction in time gap between lighting technology introduction. An analysis on the timeline of automotive headlight systems indicates a gradual drop in the time gap between the introduction of lighting technologies and their exit from the market. This trend in changing technologies gives automotive OEMs and suppliers a very short time to market, which can impact the product strategies for the entire value chain.”
According to the report, one driver in the market is innovations in lighting technologies to improve safety and comfort aspects. Many countries are implementing regulation mandates on automotive vehicle safety and its environmental aspects. This move has pushed OEMs to adopt advanced technologies in vehicles. The increase in customer preference for enhanced style and comfort further drives the adoption of new vehicle technologies. The performance, product design, and on-road safety aspects conferred by lighting systems play a significant role in boosting vehicle sales. Hence, OEMs and suppliers are focusing on technological innovations in automotive lighting systems to increase their market shares.
Further, the report states that one challenge in the market is high cost of raw materials. Luxury vehicles incorporate LED lights as adaptive fog lights. However, the rising costs of raw materials used in vehicle lighting, especially for LED and other advanced technologies, can restrict the growth of the market. Plastic polymer transparent materials such as methyl methacrylate and polycarbonate, which are an integral part of lighting systems, have been witnessing a substantial rise in price, especially in Europe and the US since 2016. This is due to the growing demand for oil and gas from which the monomers that are used to make these polymers are largely manufactured on.
HELLA, KOITO MANUFACTURING, Magneti Marelli, OSRAM, and Valeo, SL Corporation and Philips.
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