Global Automotive Daytime Running Light Market 2017-2021

  • ID: 4039605
  • Report
  • Region: Global
  • 58 pages
  • TechNavio
OFF
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

1 of 5

FEATURED COMPANIES

  • Hella
  • ICHIKOH INDUSTRIES
  • KOITO
  • Magneti Marelli
  • OSRAM
  • Samsung LED
  • MORE
About Automotive DRL

Lighting is one of the most important aspects of an automobile, with vital roles to play in safety, comfort, and, increasingly, in vehicle styling. It includes lighting and signaling devices located in the front, sides, and rear of a vehicle. The primary use of automotive lighting is to ensure visibility for the driver, improve vehicle conspicuity, and intimate the presence and position of the vehicle to others.

The analysts forecast the global automotive DRL market to grow at a CAGR of 7.81% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global automotive DRL market for 2017-2021. To calculate the market size, the report considers the revenue generated from the annual shipment of units.

The market is divided into the following segments based on geography:

- Americas
- APAC
- EMEA

The report, Global Automotive DRL Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Hella
- KOITO
- Magneti Marelli
- OSRAM
- Valeo

Other prominent vendors
- ICHIKOH INDUSTRIES
- Samsung LED
- STANLEY ELECTRIC

Market drivers
- Regulatory mandates favoring DRL use
- For a full, detailed list, view the full report

Market challenges
- High cost of LEDs
- For a full, detailed list, view the full report

Market trends
- Use of DRL as brand differentiator by OEMs
- For a full, detailed list, view the full report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.
READ MORE
Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • Hella
  • ICHIKOH INDUSTRIES
  • KOITO
  • Magneti Marelli
  • OSRAM
  • Samsung LED
  • MORE
Part 01: Executive summary

Part 02: Scope of the report
  • Market overview
  • Top-vendor offerings
Part 03: Market research methodology
  • Research methodology
  • Economic indicators
Part 04: Introduction
  • Key market highlights
  • Overview
Part 05: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
Part 06: Market segmentation by type of vehicle
  • Market overview
  • Passenger cars
  • LCVs
Part 07: Market segmentation by end market
  • Market overview
  • Global automotive OEM DRL market
  • Global automotive aftermarket DRL market
Part 08: Geographical segmentation
  • Market segmentation by geography
  • APAC
  • Americas
  • EMEA
Part 09: Market drivers
  • Regulatory mandates favoring DRL use
  • Add-on safety benefits of DRL leading to rise in demand
  • Low energy consumption through use of LEDs
Part 10: Market challenges
  • High cost of LEDs
  • Diminishing aftermarket LED sales
Part 11: Market trends
  • Use of DRL as brand differentiator by OEMs
  • Innovations in LED technology
  • Growing demand for easy-to-fit DIY DRLs
  • Gradual introduction of DRLs in mainstream motorcycle
Part 12: Vendor landscape
  • Competitive scenario
  • Other prominent vendors
Part 13: Key vendor analysis
  • Hella
  • KOITO
  • Magneti Marelli
  • OSRAM
  • Valeo
Part 14: Appendix
  • List of abbreviations
Part 15: About the Author

List of Exhibits

Exhibit 01: Scope of the report
Exhibit 02: Product offerings
Exhibit 03: Segmentation of DRL market
Exhibit 04: Global automotive DRL market 2016-2021 (millions of units)
Exhibit 05: Five forces analysis
Exhibit 06: Global automotive DRL market for passenger cars 2016-2021 (millions of units)
Exhibit 07: Global passenger car market 2016-2021 (millions of units)
Exhibit 08: Global automotive DRL market for LCVs 2016-2021 (millions of units)
Exhibit 09: Global LCV market 2016-2021 (millions of units)
Exhibit 10: Global automotive OEM DRL market 2016-2021 (millions of units)
Exhibit 11: Global automotive aftermarket for DRL 2016-2021 (millions of units)
Exhibit 12: Segmentation of global automotive DRL market 2016
Exhibit 13: Segmentation of global automotive DRL market 2021
Exhibit 14: Unit shipment by region in global automotive DRL market 2016-2021 (millions of units)
Exhibit 15: Automotive DRL market in APAC 2016-2021 (millions of units)
Exhibit 16: Automotive DRL market in the Americas 2016-2021 (millions of units)
Exhibit 17: Automotive DRL market in EMEA 2016-2021 (millions of units)
Exhibit 18: Lifespan comparison of halogen, xenon, and LED lights
Exhibit 19: Automotive lighting product portfolio
Exhibit 20: Koito's automotive lighting portfolio
Exhibit 21: Magneti Marelli: Business divisions
Exhibit 22: Lighting product segmentation
Exhibit 23: Valeo in automotive lighting market
Note: Product cover images may vary from those shown
3 of 5

Loading
LOADING...

4 of 5

FEATURED COMPANIES

  • Hella
  • ICHIKOH INDUSTRIES
  • KOITO
  • Magneti Marelli
  • OSRAM
  • Samsung LED
  • MORE
New Report Released: - Global Automotive DRL Market 2017-2021

The author of the report recognizes the following companies as the key players in the global automotive DRL market: Hella, KOITO, Magneti Marelli, OSRAM, and Valeo

Other Prominent Vendors in the market are: ICHIKOH INDUSTRIES, Samsung LED, and STANLEY ELECTRIC

Commenting on the report, an analyst from the research team said: “Car designers are increasingly seeking to differentiate their products in the intensely competitive automotive market by creating new styling treatments in exterior and interior lighting. New technologies that provide greater flexibility and better scalability across different applications and vehicle models are providing the opportunity for automotive designers to create a unique style, look, and feel. These technologies are being leveraged by designers to enhance the appeal of cars.”

According to the report, DRLs are used in vehicles to increase vehicle visibility on the road during the daytime. DRL has led to the reduction of deaths and injuries on the road. Scandinavian countries were the first to implement DRL regulations because of the region's low daylight during winters. Studies conducted by organizations like the European Union and the UK's Department for Transport to analyze the benefit-to-cost ratio of DRLs found these lighting systems beneficial. While Sweden mandated the use of DRLs as early as 1977, the European Commission mandated their use in passenger cars and small vans in 2011. Germany mandated their use in all new vehicles produced after the second half of 2012. The NHTSA also has opted DRL as an additional safety feature for the vehicles but has not mandated their use. Taiwan’s Ministry of Transportation, in September 2016, announced plans to mandate the use of DRLs in all passenger cars in 2017.

Further, the report states that LEDs have witnessed high uptake in the global automotive DRL market over the last couple of years because of the energy efficiency, a greater number of features than any previous lighting technology, and the phasing out of incandescent and halogen bulbs. LEDs last about 25 times longer than incandescent lights and three times longer than compact fluorescent lamps (CFLs). However, while LED lights are more efficient and long-lasting, the upfront costs of these lights are high, deterring their purchase. Although the price of LED lights has come down to $10 for an A19 bulb, they are still expensive when compared with the alternatives. Vendors in the market are continuously reducing the cost and improving quality and efficiency. However, the cost of LED lights will hinder the growth of the market during the forecast period.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
5 of 5
  • Hella
  • KOITO
  • Magneti Marelli
  • OSRAM
  • Valeo
  • ICHIKOH INDUSTRIES
  • Samsung LED
  • STANLEY ELECTRIC
Note: Product cover images may vary from those shown
6 of 5
Note: Product cover images may vary from those shown
Adroll
adroll