Automotive Fog Lights Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 to 2029

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 2021 to 2029, starting from US$ 796.3 Mn in 2020. 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.

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.

Asia Pacific to Register the Fastest Growth in the Forecast Period

In 2020, 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.

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 2019 to 2029 considering 2020 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2021 to 2029.

Key questions answered in this report

• What was the market size of automotive fog lights in 2020 and forecast up to 2029?
• 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 2020 (actual) and 2029 (forecast)

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