"LED fog lights rapidly emerging as the new choice of customers"
The automotive fog lights market worldwide is expected to grow with a CAGR of 9.7% during the forecast period from 2019 to 2027, starting from US$ 667.0 Mn in 2018. Automotive fog lights is useful in different climatic conditions such as during fog or heavy rains and low light conditions. There are different types of fog lights available in the market such as LED, halogen and HID, with LED rapidly emerging as the most popular type on account of sleek design, long lifetime and more brightness. Subsequently, LED lights have emerged as the new face for fog lights. New technology such as Bluetooth connected lights are also giving boom to the market. Bluetooth-enabled fog lights incorporate added functionality in correlation with the vehicle’s music system, thereby offering more enhanced appearance. Moreover, the changing spending pattern of consumer towards automotive accessories is another supporting factor for the automotive fog lights industry.
Market Synopsis
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"LED Lights segment to emerged as the market leader"
Currently, halogen fog lights segment leads the market due to their predominance in the market and low cost. Nevertheless, LED fog light segment will hold a prominent share in the forecast period due to its growing adoption and change in the safety measures of automotive industry. LED fog lights offer different benefits such as more brightness, less energy consumption, longer lifespan, clear picture of the road and various others. As compared with HID and halogen, LED fog lights are expensive but consumers prefer these due to their advantages over conventional halogen and HID counterparts.
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"Asia Pacific to Register the Fastest Growth in the Forecast Period"
In 2018, Europe led the fog lights market worldwide with nearly 42% of the global market revenue as front and rear fog lights are mandatory in the region. Since Asia Pacific is the largest market for automotive vehicles, auxiliary automotive accessories such as fog lights witness substantial penetration in the region. Additionally, growing discretionary income along with safety concerns has ensured robust demand for fog lights in the region. Considering the consistently growing automotive industry in Asia Pacific and a statement by International Road Federation urging mandate on front and rear fog lights, the region would exhibit highest CAGR through the forecast period.
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Some of the prominent players operating in the automotive fog lights market include OSRAM Licht AG, Hella KGaA Hueck & Co., Philips, Warn Industries, Inc., Stanley electric co. ltd, Magneti Marelli S.p.A., Autolite india, PIAA Corporation, Inc., J.W. Speaker, Phoenix Lamps Ltd. and others.
Historical & Forecast Period
This research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
The automotive fog lights market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global automotive fog lights market based on position, type, color, channel, vehicle and geography. Key segments covered in the report are as follows:
| ATTRIBUTE |
DETAILS |
| Research Period |
2017-2027 |
| Base Year |
2018 |
| Forecast Period |
2019-2027 |
| Historical Year |
2017 |
| Unit |
USD Million |
| Segmentation |
Position (2019–2027; US$ Mn)
• Front
• Rear
|
|
Type of Fog Lights (2019–2027; US$ Mn)
• LED Lights
• HID (High Intensity Discharge)
• Halogen
|
|
Color Type (2019–2027; US$ Mn)
• White
• Yellow
|
|
Channel (2019–2027; US$ Mn)
• OEMs
• Aftermarket
|
|
Vehicle (2019–2027; US$ Mn)
• Passenger Cars
• Light Commercial Vehicle
• Heavy Commercial Vehicle
• Off-road
|
|
Geography Segment (2019–2027; US$ Mn)
• North America (U.S., Rest of North America)
• Europe (U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, Japan, India, Rest of Asia Pacific)
• Rest of the World (Middle East & Africa, Latin America)
|
Key questions answered in this report
- What was the market size of automotive fog lights in 2018 and forecast up to 2027?
- Which is the largest regional market for automotive fog lights?
- What are the major trends followed in overall automotive fog lights across different regions?
- What are the key market trends and high-growth opportunities observed in the automotive fog lights market?
- What are the drivers of the automotive fog lights market?
- Who are the key automotive fog lights companies leading the market?
- What are the key strategies adopted by the leading automotive fog lights companies in market?
Unique data points of this report
- Statistics on automotive fog lights worldwide
- Recent trends across different regions in terms of adoption of automotive fog lights
- Notable developments going on in fog lights industry
- Attractive investment proposition for automotive fog lights segment as well as geography
- Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
