One trend in the market is all-feature headlamps. The next innovation in the automotive industry, which would revolutionize the assembly lines globally, is reducing the number of assembly parts.
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The analysts forecast global automotive fog lights market to grow at a CAGR of 3.32% during the period 2017-2021. The integrated component technology reduces the number of assembly steps in a manufacturing process, which saves time, labor cost, material cost, and associated miscellaneous overheads.
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Major key players in the global automotive fog lights market: GE Lighting, HELLA, KOITO MANUFACTURING, Magneti Marelli, OSRAM, Valeo, Philips, and SL Corporation.
According to the automotive fog lights market report, one driver in the market is innovation and advancements in efficient lighting. The developed automotive zones across the globe have stringent regulatory norms not only pertaining to the use of vehicles, but also for their manufacturing.
These regulations are developed considering the safety of the drivers and passengers, as well as that of the environment. In order to comply with these stringent norms, OEMs focus on the investment in their technological research, and develop efficient technologies.
Additionally, the consumer disposable income is increasing globally, which has become a prime factor to attract demands for high-end products. Performance, product design, and the on-road safety features, including the lighting systems, play a significant role in the vehicle selection criteria for a buyer.
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Further, the automotive fog lights market report states that one challenge in the market is diverse segmentation of fog lights. Based on technology, color emission type, positioning, and channel, the global automotive fog lights market is a fragmented one.
These segmentations make it difficult for end-users to understand the utility of a single type of product, and hence create a problem in vendors' operations. The industry has multiple growth opportunities, but the exact future requirement of a fog light type is directly influenced by the development of lighting technologies.
The technological advancements in automotive fog light systems have been slow as compared with the global automotive lighting technology transformation and advancement rate. Complete report available at www.reportsnreports.com/reports/12…et-2017-2021.html.
Few Points from List of Exhibits:
Exhibit 1: Intensity of Various Automotive Exterior Lighting Systems Measured In Candela
Exhibit 2: Parent Market
Exhibit 3: Global Automotive Lighting Market
Exhibit 4: Market Characteristics
Exhibit 5: Market Segments
Exhibit 6: Market Definition: Inclusions and Exclusions Checklist
Exhibit 7: Market Size 2016
Exhibit 8: Validation Techniques Employed For Market Sizing 2016
Exhibit 9: Global Automotive Fog Lights Market Market Size and Forecast 2016-2021 ($ Millions)
Exhibit 10: Global Automotive Fog Lights Market Year-Over-Year Growth 2017-2021 (%)
Exhibit 11: Five Forces Analysis 2016
Exhibit 12: Five Forces Analysis 2021
Exhibit 13: Bargaining Power of Buyers
Exhibit 14: Bargaining Power of Suppliers
Exhibit 15: Threat of New Entrants
Exhibit 16: Threat of Substitutes
Exhibit 17: Threat of Rivalry
Exhibit 18: Market Condition: Five Forces
Exhibit 19: Global Automotive Fog Lights Market by End-Users Market Share 2016-2021 (%)
Exhibit 20: Comparison by End-User
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