Research details developments in the Automotive Fog Light Market with growth by 2022
The 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.
[USPRwire, Fri Jul 26 2019] The global automotive 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.
Besides the idea of safety and security, manufacturers operating in automotive fog light market are also concentrating to make their products handy than ever before with easy access. For instance- Philips X-tremeVision LED fog lights have been designed as an easy plug-and-play upgrade of the conventional fog lights, which is a great approach of enhancing stronghold in automotive fog light market. Popular late-model vehicles from Buick, Cadillac, Chevrolet, Chrysler, Dodge, Ford, GMC, Jeep, and Lincoln have been adopting products like this for adding to the aesthetics of their offerings, thereby diversifying growth of automotive fog light market.
Of late, a technology called ‘SafeBeam’ is rapidly refurbishing the products of automotive fog light market. It helps to make sure that the light emitted is directed on to the roads and not into eyes of the oncoming drivers, which is an imperative to avoid fatal accidents. Moreover, major players operating in automotive fog light market such as OSRAM are manufacturing lights that offer excellent resistant to shocks and vibrations with a long-lasting lifeline. Such product fortifications are believed to be extremely beneficial in the long run for automotive fog light market.
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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.
Trailing white fog lights, the blue fog lights will flourish as the second most attractive color emission type in the automotive fog light market. Revenues amassed from blue fog lights are poised to account for a major chunk of automotive fog light market share.
The report on automotive fog light market, compiled by Fact.MR, delivers a rigorous assessment of the industry by analyzing qualifying technologies, key trends, drivers, standardization & regulatory landscape, and deployment models of automotive fog light market. The automotive fog light market report also presents anticipations of growth of automotive fog light market for the forecast period of 2017-2022. The report on automotive fog light market also consist of a SWOT analysis with an investment practicableness analysis of automotive fog light market. The prime opportunities in the rapidly growing automotive fog light market have been exclusively coated throughout this report.
Extreme climatic adversities such as heavy rains or prevailing invisibility brings the use of automotive fog lights into picture. In a bid to provide a transparent view of the roads for avoiding accidents, automotive fog lights have evolved as an all-time imperative in vehicles.
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.
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