Global Automotive High-Mount Stop Lamp Market 2017-2021
About Automotive High-Mount Stop Lamp
Automotive high-mount stop lamp (HMSL) alerts the driver as and when the brake is being activated in the vehicle present in front of it. The flash of the HMSL indicates that the brakes have been activated, which acts as a signal for the following car to slow down. The main purpose is to safeguard the vehicle to crash into the rear of another vehicle. The different types of HMSL used in the automobile are light emitting diode (LED), neon lamps, and incandescent lamps.
Technavio’s analysts forecast the global automotive high-mount stop lamp market to grow at a CAGR of 4.38% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive high-mount stop lamp 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 High-Mount Stop Lamp Market 2017-2021
Technavio recognizes the following companies as the key players in the global automotive high-mount stop lamp market: HELLA, KOITO MANUFACTURING, Magneti Marelli, and OSRAM.
Other Prominent Vendors in the market are: Stanley Electric, Brown & Watson International, Dialight, and Truck-Lite.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is center high-mounted stop lamp camera. The automotive HMSL is a safety device that helps to alert the driver if the vehicle at the rear stops or slows down. It is an essential component in all segments of vehicles as it helps to prevent rear-end collisions. Center high-mounted stop lamp (CHMSL) camera helps to ensure that the driver is benefitted as the driver gets a better view of the rear end of the vehicle.”
According to the report, one driver in the market is increase in vehicle production during the forecast period. Innovation in terms of design and technology of the automobile in the automotive industry is a major driver in increasing the overall production of automobiles. As the customer's preferences are dynamically changing, the innovations in the automotive industry ensure that the modifications made in the automobile conform to the required specifications set the customers. Global automobile production is expected to grow at a CAGR of 4.09% from 92.84 million units in 2016 to 113.45 million units by 2021.
Further, the report states that one challenge in the market is history of recalls associated with brake light systems. The automotive industry has witnessed tremendous technological advancements in the vehicle. These advancements in terms of design and functionalities of an automobile help to reduce the risk of accidents and provide a safe and comfortable driving experience for the customers at all times. However, these advances lead to complexity in structure, mechanism, and design of the vehicle. Though the automotive industry has seen a shift from conventional braking system to advanced braking technologies with electrification of components, the reliability and durability of such technologically advanced systems can sometimes be a cause of concern for both the auto manufacturers and the customers.
HELLA, KOITO MANUFACTURING, Magneti Marelli, OSRAM, Stanley Electric, Brown & Watson International, Dialight, and Truck-Lite.
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