Lewes, DE -- (SBWIRE) -- 10/09/2017 -- Report forecast the global automotive adaptive fog lights market to grow at a CAGR of 25.65% during the period 2017-2021.

Adaptive fog lights involve the incorporation of a swiveling reflector with normal fog lamps. When a turn signal is activated, or a large steering angle is detected, the fog lamp that corresponds to the in-side wheel is automatically switched on, and the reflector swivels inside the fog lamp to orient the light to the side of the vehicle where the wheels are turning. The market encompasses the sales of passenger cars that incorporate adaptive fog lights. Some of the luxury passenger cars use this system.

The report covers the present scenario and the growth prospects of the global automotive adaptive fog lights market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

According to the report, one driver in the market is innovations in lighting technologies to improve safety and comfort aspects. Many countries are implementing regulation mandates on automotive vehicle safety and its environmental aspects. This move has pushed OEMs to adopt advanced technologies in vehicles. The increase in customer preference for enhanced style and comfort further drives the adoption of new vehicle technologies. The performance, product design, and on-road safety aspects conferred by lighting systems play a significant role in boosting vehicle sales. Hence, OEMs and suppliers are focusing on technological innovations in automotive lighting systems to increase their market shares.

Further, the report states that one challenge in the market is high cost of raw materials. Luxury vehicles incorporate LED lights as adaptive fog lights. However, the rising costs of raw materials used in vehicle lighting, especially for LED and other advanced technologies, can restrict the growth of the market. Plastic polymer transparent materials such as methyl methacrylate and polycarbonate, which are an integral part of lighting systems, have been witnessing a substantial rise in price, especially in Europe and the US since 2016. This is due to the growing demand for oil and gas from which the monomers that are used to make these polymers are largely manufactured on.

Global Automotive Adaptive Fog Lights 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.

key players in the global automotive adaptive fog lights market: HELLA, KOITO MANUFACTURING, Magneti Marelli, OSRAM, and Valeo.

Other Prominent Vendors in the market are: SL Corporation and Philips.

Market driver
- Innovations in lighting technologies to improve safety and comfort aspects
- For a full, detailed list, view our report

Market challenge
- High cost of raw materials
- For a full, detailed list, view our report

Market trend
- Reduction in time gap between lighting technology introduction
- 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?

Spanning over 71 pages "Global Automotive Adaptive Fog Lights Market 2017 - 2021" report covers Executive summary, Introduction, Scope of the report, Research Methodology, Market landscape, Geographical segmentation, Decision framework, Drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

Please visit this link for more details: https://www.marketresearchreports.com/technavio/global-automotive-adaptive-fog-lights-market-2017-2021

For related reports please visit: Fog Light Market Research Reports

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