Market Research Future (MRFR) states that the global LED fog lamp market is likely to expand at CAGR of 9% between 2019 and 2025 and attain a valuation of USD 2 billion by 2025. The major factor that is expected to drive the market growth is the contribution of LED fog lamps to enhance the safety of drivers, especially on night rides. Other factors such as better fog penetration capability of LED light, strict safety measures, and fast-paced expansion of automotive aftermarket are expected to benefit the market growth. However, the lack of awareness can hinder the market expansion.
Market USP
Innovations in the automotive lighting sector have made LED Fog lamps very adept at penetrating all kinds of fog while increased consumer spending power have made them more affordable.
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Key Players
- Osram
- HELLA Group
- Valeo SA
- Philips
- Magneti Marelli S.p.A.
- Robert Bosch GmbH
- IPF Corporation
- SL Corporation
- KOITO MANUFACTURING
- JDM Astar
Segmental Outline
The global LED fog lamp market study has been segmented on the basis of color, position, vehicle type, and sales channel.
By color, the market has been segmented into yellow, white, and others. White light enhance visibility, thus preferred over yellow lights. The white light segment is expected to register the highest growth rate over the review period. Considering the others segment, it comprise red light, which is gaining popularity due to its long wavelength.
By position, the market has been segmented into front and rear. While front lamp enhance active visibility, rear lamp that is often conjugated with front lamp prevents accidents, especially in night driving. Hence, it is expected that the front segment, followed by rear segment, is likely to contribute largely to the expansion of the market.
By sales channel, the market has been segmented into OEM and aftermarket. The OEM segment is expected to direct the market for upward trend and the aftermarket segment is likely to contribute to surge the market.
By vehicle type, the market has been segmented into light commercial vehicle, passenger car, and heavy commercial vehicle. The need to be equipped with better safety measures is higher for heavy vehicles than other type. As strict automotive safety regulation are exercised, LED fog lamps that enhance on-road safety boost the growth of its global market.
Regional Outlook
By region, the LED fog lamp market has been studied for regions that include; North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
In North America, the intense automobile crowd is surging the need to integrate robust safety measures into them. This is escalating the sales of LED fog lamp, which is expected to spur its regional market growth. The United States, followed by Canada, is expected to grow at fast-pace. In addition, the ever-expanding OEM industry in the region is expected to scale up the North America market. The expansion of the Europe LED fog lamp market can be attributed to the residence of numerous manufactures and strict traffic rules that are exercised in the region. The UK suffers from dense fog that reduce road visibility severely, this is expected to surge the demand for the LED fog lamp. The market in UK, followed by market in Germany, is expected to hold a sizable share of the regional market. A greater number of automobile manufacturer, increase in number of automobile consumers, and the expanding aftermarket automotive industry are factors that are likely to propel the Asia Pacific market. China, followed by Japan, is expected to exhibit high rate of expansion for the market.
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Market Research Future (MRFR) states that the global LED fog lamp market is likely to expand at CAGR of 9% between 2019 and 2025 and attain a valuation of USD 2 billion by 2025.
The major factor that is expected to drive the market growth is the contribution of LED fog lamps to enhance the safety of drivers, especially on night rides.
Other factors such as better fog penetration capability of LED light, strict safety measures, and fast-paced expansion of automotive aftermarket are expected to benefit the market growth.
However, the lack of awareness can hinder the market expansion.Get a FREE Sample Report with Complete TOC @ https://www.marketresearchfuture.com/sample_request/8219Key PlayersOsramHELLA GroupValeo SAPhilipsMagneti Marelli S.p.A.Robert Bosch GmbHIPF CorporationSL CorporationKOITO MANUFACTURINGJDM AstarSegmental OutlineThe global LED fog lamp market study has been segmented on the basis of color, position, vehicle type, and sales channel.By color, the market has been segmented into yellow, white, and others.
White light enhance visibility, thus preferred over yellow lights.
Considering the others segment, it comprise red light, which is gaining popularity due to its long wavelength.By position, the market has been segmented into front and rear.
Market Analysis The global LED fog lamp market size is predicted to touch USD 2 billion at a 9% CAGR between 2019- 2025 states the recent Market Research Future (MRFR) analysis.
These lights are usually placed on the rear side, lowdown, or the front of the car.
These are used in all forms of vehicles, including heavy commercial vehicle, light commercial vehicle, and passenger car.Various factors are propelling the global LED fog lamp market share.
Additional factors adding market growth include a fall in LED prices, burgeoning demand for energy-efficient lighting systems, and rising government support.
Of these, the OEM sales channel segment will lead the market over the forecast period.
By color, the global LED fog lamp market is segmented into white, yellow, and others.
Fog Lamp Switch Industry research report provides granular analysis of the market share, segmentation, revenue forecasts and geographic regions of the market.The report begins with the overview of the Fog Lamp Switch market and updates the users about the latest developments and future expectations.
It presents a comparative detailed analysis of all the regional and major player segments, offering readers a better knowledge of areas in which they can place their existing resources and gauging the priority of a particular region in order to boost their standing in the global market.
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The report segments the Global Fog Lamp Switch market as: The report includes six parts, dealing with: 1.)
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