Automotive Fog Light Market Will Rise Considerably Driven by Increasing Investment in Product R&D

The global automotive fog lights market is projected to rise at a considerable rate driven by recent advancements in the material associated with the manufacturing of the product. According to a report by Fortune Business Insights, titled "Automotive Fog Light Market Size, Share & Industry Analysis, By Technology Type (LED, Halogen, Xenon), By Vehicle Type (Passenger Cars, Commercial Vehicles) Others and Regional Forecast, 2019-2026," the market will benefit from the emphasis on inclusions of these products in vehicles by government authorities across the world.

Automotive fog light is an important part of automobiles for clearer vision in foggy and night condition. The increasing accidental rates due to unclear weather and climatic conditions have led to a high emphasis on the installation of fog lights in vehicles across the world. The ability of fog lights to help users identify and locate obstacles and obstructions will lead to a high demand for the product across the world. Recent advancements in fog lights and variations in product offerings have led to a wider product adoption across the world. Moreover, strict government regulations towards the use of automotive fog lights will have a positive impact on the growth of the overall market in the coming years.

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A few of the leading companies that are operating in the global automotive fog lights market are:

Magneti Marelli S.p.
Hella KGaA Hueck & Co
ICHIKOH INDUSTRIES LTD
General Electric Co.
Hyundai Mobis
SAMSUNG ELECTRONICS Co., Ltd
Royal Phillips Electronics
Zizala Lichtsysteme GmbH

The report provides an in-depth analysis of the global automotive fog lights market. It highlights the latest product launches and labels major innovations in the market. In addition to this, it states the impact of these products on the growth of the market. The competitive landscape has been discussed in detail and predictions are made with respect to leading companies and products in the coming years. Forecast values have been provided for the market for the period of 2019-2026. The factual figures have been obtained through trusted sources. Moreover, these predictions are made on the basis of extensive research analysis methods, coupled with the opinions of experienced market research professionals

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Increasing Number of Product Launches Will Provide Impetus to Market Growth

The report encompasses several factors that have contributed to the growth of the market in recent years. Among all factors, the increasing number of product launches have made a huge impact on market growth. The increasing demand for automotive fog lights has encouraged companies to come up with products of their own. In 2018, Philips announced the launch of new LED fog lamp for cars, trucks, and vans in Asia.

The company introduced 'X-tremeUltinon' LED for all vehicles that are manufactured in Asia. The device will be an easy plug and play replacement that will help installation in previously manufactured vehicles. Philip's latest product will not only help the company generate substantial market revenue, but will have a direct impact on the growth of the market in the coming years.

Asia Pacific Projected to Dominate the Market; Increasing Product Demand to Aid Growth

The report segments the market on the basis of regional demographics into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among these regions, the market in Asia Pacific is projected to emerge dominant in the coming years. The high investment in development of fog lights, coupled with the emphasis on inclusions of fog lights in all types of vehicles will contribute to the growth of the market in this region. Besides Asia Pacific, the market in Europe is likely to witness considerable growth driven by the strict government norms towards the use of automotive fog lights.

Industry Developments:

February 2020: ON Semiconductor announced the launch of automotive LED drivers and controllers, aimed at advanced vehicle applications.

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