Nov 11, 2021   SOURCE: BusinessWire

Insights on the LED Fog Lamp Global Market to 2030 - Opportunity Analysis and Industry Forecasts - ResearchAndMarkets.com

The "LED Fog Lamp Market by Position, Sales Channel, and Vehicle Type: Global Opportunity Analysis and Industry Forecast, 2021-2030" report has been added to ResearchAndMarkets.com's offering.

LED fog lamps refers to the LED based automotive fog lighting system used at the situation of poor weather condition such as fog, snow, etc. for the greater visibility.

LED fog lamp allows the drivers as well as pedestrians to analyze the vehicle's direction of travel, size, position, and speed at low visibility area which reduces the probability of road accidents incidents. LED fog lamps research study includes front position as well as rear position fog lamps. LED fog lamps has several benefits over halogen based fog lamps including the improved reliability, optimum energy-efficiency, and having the upright aesthetics.

Moreover, automotive manufacturers are demanding for high-end LED fog lamps aligning with regulatory standards on safety, and performance. Currently, LED lights are installed mostly in high-end vehicles due to their relatively high acquisition cost. However, on-going research to lower cost of LED lights is expected to create significant demand of these lights.

For purpose of analysis, the report segments the global LED fog lamps market based on position, sales channel, vehicle type, and region. The positions considered in this report include front and rear. On the basis of sales channel, the market is segmented on the basis of OEM, and aftermarket have been considered under the scope of the research. The report further outlines the details about various vehicle type such as passenger car, commercial vehicle, and electric vehicle. Moreover, it analyzes the current market trends of LED fog lamps across different regions such as North America, Europe, Asia-Pacific, and LAMEA and suggests the future growth opportunities by analyzing the government regulations & policies, thereby increasing the consumer acceptance of LED fog lamps.

Key Benefits

  • This study presents analytical depiction of the global LED Fog Lamp market analysis along with current the trends and future estimations to depict imminent investment pockets.
  • The overall LED Fog Lamp market opportunity is determined by understanding profitable trends to gain a stronger foothold.
  • The report presents information related to the key drivers, restraints, and opportunities of the global LED Fog Lamp market with a detailed impact analysis.
  • The current LED Fog Lamp market is quantitatively analyzed from 2021 to 2030 to benchmark the financial competency.
  • Porter's five forces analysis illustrates the potency of the buyers and suppliers in the industry.

Market Dynamics

Drivers

  • Changing concern towards road safety
  • Growing implementation of the government regulations

Restraints

  • High cost of the LED fog lamps
  • Decrease in production and sale of automotive

Opportunities

  • Growing adoption of the vehicle electrification
  • Entering into contracts and agreements with automotive OEMs

Key Players

  • DLAA Industrial Co., Ltd
  • Hella KGaA Hueck & Co.
  • IPF Co. Ltd.
  • KOITO MANUFACTURING CO., LTD.
  • Koninklijke Philips N.V.
  • Marelli.
  • Osram Licht AG
  • PIAA Corporation
  • Sammoon Lighting Co.,Ltd
  • Valeo

For more information about this report visit https://www.researchandmarkets.com/r/c230pa