Analysis of Fog Light Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
According to Road Rules 2009, “a light other than a headlight fitted to the front of a vehicle to improve illumination of the road in fog, snowfall, heavy rain or dust clouds". Designed to reflect a horizontal beam of light at the front of a vehicle, fog lights help improve visibility during inclement conditions, such as fog, smog, and heavy rains. Fog lights are also equipped at the rear to improve visibility to vehicles behind. Fog lights are commercially available in blue, yellow, and white color.
Commercially available in three colors viz. blue, white, and yellow, fog lights have been witnessing a surge in demand on the back of increasing production of automobiles across the globe. In addition, rising awareness about adaptive solutions of fog light in developing economies, surging technological advancements and developments are expected to drive growth of the global automotive fog light market.
Fact.MR, in its recent research, projects the global automotive fog light market to register a steady expansion at moderate CAGR through 2022. The research report estimates the market to account for revenues worth US$ 2,130.2 Mn in 2017 by 2022 this number is anticipated to reach US$ 2,699.2 Mn. Reduced visibility to automobile drivers caused by dense fog in winter, and heavy rains have fuelled the adoption of fog lights in automobiles. Fog lights are placed at lower front-side of automobiles, and offer clear view of roads to avoid accidents.
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White fog lights are expected to remain preferred in the market, with sales poised to register the highest CAGR through 2022. This is primarily attributed to drastic reduction in glares produced by white fog lights, enabling drivers to better view the objects on roads. White fog light sales are estimated to surpass US$ 1,500 Mn in revenues by 2022-end.
Blue fog lights will continue to be the second most lucrative color emission type segment in the market. Revenues from blue fog lights are expected to account for over one-fourth share of the market in 2017.
On the basis of positioning type, front fog lights will continue to be sought-after in the market. Revenues from sales of front fog lights are expected to surpass US$ 2,000 Mn by 2022-end.
However, demand for rear fog light will remain comparatively lower in the market, with sales projected to register a moderate expansion through 2022. In addition, sales of rear fog lights will witness a decline of 32 BPS in its market share between 2017 and 2022.
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Aftermarket is expected to remain the largest sales channel for automotive fog lights, with sales expanding at the highest CAGR through 2022. As working durations of fog lights are limited to some thousand hours, aftermarket becomes the target sales channel for growth opportunity. Sales of fog lights in OEM are expected to register a comparatively lower CAGR than aftermarket through 2022.
Based on technology, LED fog lights will continue to be dominant in the market. Sales of LED fog lights are estimated to reach nearly US$ 1,800 Mn in revenues by 2022-end. Revenue from LED fog lights will account for largest share of the market in 2017, and gain 170 BPS by 2022-end.
Sales of halogen fog lights are estimated to exhibit the lowest CAGR in the market through 2022. High intensity discharge (HID) will continue to be the second largest technology segment in the global automotive fog lights market during the forecast period.
Key market players profiled in Fact.MR’s report include
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White fog light sales are estimated to surpass US$ 1,500 Mn in revenues by 2022-end.
General Electric Company, Valeo SA, OSRAM Light AG, HELLA KGaA Hueck & Co., Koninklijke Philips N.V., Magneti Marelli S.p.A. Etc. are the Key players of Fog Light Market.
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