Global Automotive Daytime Running Light Market to grow at a CAGR of 7.81% during 2017-2021

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.

Technavios 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

Technavio's 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.

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Key vendors
Hella
KOITO
Magneti Marelli
OSRAM
Valeo

Other prominent vendors
ICHIKOH INDUSTRIES
Samsung LED
STANLEY ELECTRIC

Market driver
Regulatory mandates favoring DRL use
For a full, detailed list, view our report

Market challenge
High cost of LEDs
For a full, detailed list, view our report

Market trend
Use of DRL as brand differentiator by OEMs
For a full, detailed list, view our 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?

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This release was published on openPR.