PUBLISHER: Allied Market Research | PRODUCT CODE: 1566918
PUBLISHER: Allied Market Research | PRODUCT CODE: 1566918
Automotive Auxiliary Lamps Market
The automotive auxiliary lamps market was valued at $7.3 billion in 2022 and is projected to reach $11.1 billion by 2032, growing at a CAGR of 4.3% from 2023 to 2032.
Auxiliary lamp in automotives is an additional lighting source crucial for improved visibility and safety when driving during adverse conditions or at night. The lamp is positioned above the bumper of the vehicle or in its grille to provide illumination over a long range. Auxiliary lamps are designed to complement the standard high beam system of vehicles. The color of these lamps is essentially yellowish or white to offer enhanced visibility without casting excessive glare over other drivers.
Increase in automotive production due to surge in vehicle ownership is a key driver of the automotive auxiliary lamps market. In addition, rise in the trend of vehicle customization for off-roading and recreational activities is boosting the requirement for auxiliary lamps among enthusiasts. The market growth is further augmented due to high demand for auxiliary lamps from the automotive aftermarket. In the future, the trend of smart lighting is anticipated to dominate the automotive sector. Integrated with AI & ML technologies, smart automotive auxiliary lamps are projected to be capable of sensing the surroundings & driving environment and adapt accordingly.
However, the efficiency of automotive auxiliary lamps reduces with time, and they require constant maintenance & replacements. This additional cost deters several budget-sensitive individuals from investing in the lamps, thereby restraining the development of the market. Contrarily, the automotive auxiliary lamps market is expected to witness several lucrative growth opportunities as governments in different countries are mandating the usage of automotive auxiliary lights, specifically in commercial vehicles. For instance, in Wisconsin-a state of the U.S.-white- or amber-colored auxiliary lamps are mandated with an intensity limit of 25,000 candelas per square inch.
Segment Review
The automotive auxiliary lamps market is segmented into type, application, vehicle type, and region. On the basis of type, the market is divided into auxiliary high beam, front fog lamps, cornering lamps, and spotlights. Depending on application, it is bifurcated into OEM and aftermarket. As per vehicle type, it is classified into passenger vehicle and commercial vehicle. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Findings
On the basis of type the auxiliary high beam segment dominated the market share in 2022.
Depending on application, the OEM segment was the highest shareholder in the market in 2022.
As per vehicle type, the passenger vehicle segment acquired a high stake in the market in 2022.
Region wise, Asia-Pacific was the highest revenue generator in 2022.
Competition Analysis
The leading players operating in the global automotive auxiliary lamps market include HELLA GmbH & Co. KGaA, LAMPA SpA, Suprajit Group, OSRAM GmbH., Stanley Electric Co., Ltd., ICHIKOH INDUSTRIES, LTD., Lazer Lamps Ltd, J.W. Speaker Corporation, Venta Global Ltd, and VALEO SA. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, to strengthen their foothold in the competitive market.
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