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Global Automotive Off-Road Lighting Market to Grow 13.31% CAGR to 2021 – Analysis of AnzoUSA, Grote Industries, KC HiLiTES, PIAA, Rigid Industries, Vision X, and WESEM

10-03-2017 11:30 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Market Research Nest

Global Automotive Off-Road Lighting Market to Grow 13.31% CAGR

MarketResearchNest.com adds “Global Automotive Off-Road Lighting Market 2017-2021” new reports to its research database. The report spread across 90 pages with tables and figures in it.

The research analysts forecast the global automotive off-road lighting market to grow at a CAGR of 13.31% during the period 2017-2021.

The efficiency of lighting is often misunderstood as the watts of the bulb or lighting system. However, it is the power required for the lights to function, which is drawn from the battery of the vehicle. The brightness of the light is expressed in terms of Candela or expressed as luminous intensity of the light. The different types of light based on the light bulb or source used are halogen bulbs, LEDs, and HIDs. The type of light that the rider needs, depends upon his riding skill and beam pattern that he prefers on a terrain. Off-roading is often fun filled and adventurous. Night off-road drive and night desert safari has become popular among the off-road riders and the tourist. At night one of the safety precautions that the riders can adhere to is a bright set of lights.

Get more details about report at https://www.marketresearchnest.com/global-automotive-off-road-lighting-market-2017-2021.html .

Technavio recognizes the following companies as the key players in the global automotive off-road lighting market: AnzoUSA, Grote Industries, KC HiLiTES, PIAA, Rigid Industries, Vision X, and WESEM.

Other Prominent Vendors in the market are: BLACK HORSE OFF ROAD, Warn Industries, Plasma glow, OSRAM, Baja Designs, and Lazer Lamps.

The latest trend gaining momentum in the market is Advancement of Laser and OLED lighting. With all the technological innovations happening in the automotive lighting, laser and OLED lights can be referred to as the most advanced and modern lighting technologies used in automobiles today. However, these are limited to luxury cars owing to their high cost. As these technologies are still in a nascent stage, adoption of LEDs in other segments of cars has already begun and that of the laser will begin in the near future.

Order a Purchase Report Copy at https://www.marketresearchnest.com/purchase.php?reportid=264812 . (This is premium report, Single User License – USD 3500 and Corporate User License – USD 6000)

According to the report, one of the major drivers for this market is High demand for highly durable off-road lights. An off-road vehicle is always put to the test in rugged and rough terrain unsurfaced roads, steep hills, and unsurfaced steep mountain climbs. The customized off-road drives require strong and durable lighting, for which the lighting systems from the off-road vehicle manufacturers are not sufficient. The lighting system for this should be strong and durable, the LED lighting systems are the most preferred during the forecast period to serve the purpose.

Further, the report states that one of the major factors hindering the growth of this market is High cost of LEDs. Rising costs of raw materials used in automotive LED lighting can restrict the growth of the market. A precursor - the core material that ensures optimal light efficiency of LED epilayers (the contact layer between a pair of epicrystals) - is used in MOCVD process, an important process in manufacturing LED chips. Trimethylgallium (TMG) is the most widely used precursor for manufacturing LED lights and holds 94% of the total demand.

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.

Inquire before buying this report at https://www.marketresearchnest.com/enquirybuy.php?reportid=264812

MarketResearchNest.com is the most comprehensive collection of market research products and services on the Web. We offer reports from almost all top publishers and update our collection on daily basis to provide you with instant online access to the world’s most complete and recent database of expert insights on global industries, organizations, products, and trends.

Mr. Jeet Jain
Sales Manager
sales@marketresearchnest.com
+1-240-284-8070 / +44-20-3290-4151

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