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Automotive Auxiliary Lamps Global Market Report 2024 | Size, Share, Growth, Trends, Analysis, Forecast, Outlook, Mergers and Acquisitions, Top Major Key Players | 2033 Forecast
Automotive Auxiliary Lamps Global Market
The automotive auxiliary lamps market size is expected to see strong growth in the next few years. It will grow to $38.08 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to growing smart lighting, stringent environmental regulations, urbanization and infrastructure development, rise in adventure tourism, global economic outlook. Major trends in the forecast period include led technology dominance, customization and aesthetics, integration with vehicle electronics, smart connectivity, energy efficiency and sustainability, regulatory compliance.
Market Overview -
Automotive auxiliary lamps refer to a lighting device that is positioned to provide light forward of the vehicle and complements the upper beam of a typical headlight system. Auxiliary lamps for cars are designed to improve visibility at night and in inclement weather.
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Surge In Vehicle Manufacturing Accelerates Growth In The Automotive Auxiliary Lamps Market
The increasing vehicle manufacturing is driving the automotive auxiliary lamps market going forward. Vehicle manufacturing is increasing due to a growing demand for automobiles aided by growing population, rising income levels, increasing vehicle adoption and technological advancements. Automotive auxiliary lamps in automobiles are used to ensure road safety, and the use of vehicle lights assists the driver in illuminating the lane as well as recognizing the road, obstacles, and traffic signs. For instance, in April 2022, according to a report issued by the European Automobile Manufacturers Association, a Belgium-based lobbying and standards group of the automobile industry in the European Union, globally 79.1 million automobiles were produced in 2021, a 1.3% increase from 2020. Therefore, the increased vehicle manufacturing across the globe is driving the market for automotive auxiliary lamps.
Competitive Landscape -
Major companies operating in the automotive auxiliary lamps market report are Koito Manufacturing Co. Ltd., Stanley Electric Co. Ltd., Continental AG, MOBIS INDIA LIMITED, Magneti Marelli S.p.A., Texas Instruments Incorporated, Robert Bosch GmbH, Denso Corporation, Johnson Electric Holdings Limited, LAMPA S.p.A., Suprajit Engineering Ltd., Ichikoh Industries Ltd., Lazer Lamps Ltd., J.W. Speaker Corporation, Venta Global Ltd., Varroc, ZKW Group, Koninklijke Philips N.V., Samsung Electronics Co. Ltd., Broadcom Inc., Autolite India Limited, Hella KGaA Hueck & Co., Osram Licht AG, Valeo SA, Zizala Lichtsysteme GmbH, Lumileds Holding B.V., Phoenix Lamps Division, TYC Brother Industrial Co. Ltd., DEPO Auto Parts Ind. Co. Ltd., Magna International Inc., Mitsubishi Electric Corporation .
Multifunction Led Spotlight Transforms The Market
Technological advancements are a key trend gaining popularity in the automotive auxiliary lamps market. Major companies operating in the automotive auxiliary lamps market are adopting new technologies to sustain their position in the market. For instance, Oracle Lighting, a US-based company involved in creating high-quality lighting products and innovative LED solutions for the automotive aftermarket launched a 7-inch Multifunction 60-Watt LED Spotlight for jeeps, trucks, and off-road vehicles (p/n 2915-023). The new auxiliary light is intended to provide improved illumination for any Jeep, truck, or off-road vehicle. This light projects up to 500M yards away and has an average 30-degree beam pattern due to the combination of two optic technologies. The integrated LED marker lights have both white and amber LEDs that can be utilized as turn signals, parking lights, or DRLs, continued Hartenstein. This versatile auto spotlight is the ideal remedy for illumination requirements. Its seven-inch spotlight is tough enough to survive through all of travels with an Ingress Protection Rating of IP68 and an incredibly long LED lifespan of 80,000+ hours.
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Key Segments -
The automotive auxiliary lamps market covered in this report is segmented -
1) By Product Type: Light Emitting Diode Light (LED), Xenon, Halogen, Sealed Beam Conversion Lamp, Modular Lights
2) By Technology: Adaptive Lighting, Intelligent Lighting, Other Technology Types
3) By Vehicle Type: Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle, Off-Road Vehicle, Electric Vehicle
4) By Sales Channel: Original Equipment Manufacturer (OEMs), Aftermarket
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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