The LED Fog Lamp Market Size was valued at USD 1.06 billion in 2022 and is expected to reach USD 3.65 billion by 2030 and grow at a CAGR of 16.7% over the forecast period 2023-2030.
LED fog lamps are a form of automobile headlight that is typically utilized during times of reduced visibility. They have the appearance of a bar and are designed to illuminate the road ahead. Accidents on the road are more likely to happen whenever there is poor visibility, which can be brought on by elements such as fog, dust, snow, or rain. In weather circumstances characterized by fog, the fog lamp is the instrument of choice for illumination. It is typically positioned low on the car, either at the front or the back and on one of the sides. The fog lights are specifically kept in reserve for use in conditions that include low temperatures, precipitation, or total darkness, particularly when these conditions are accompanied by conditions such as smog, snowflakes, or dirt that reduce visibility.
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Fog lights are not at all like headlights used for driving because these are intended for use in hazardously thick fog and are developed specifically for that purpose. It is common practice to attach fog lights to the lower part of a vehicle as well as the front bumper since these lights penetrate fog and illuminate the forward road surface, so allowing the driver to see the road and reducing the likelihood of an accident. White, yellow, and blue fog lights are the standard color options that may be purchased commercially for fog lighting.
In 2020, The Philips X-treme Vision LED fog lights have been intended to be a straightforward plug-and-play upgrade of the conventional fog lights. This is an excellent strategy for Philips to strengthen its position as a dominant player in the market for automobile fog lights.
KEY DRIVERS:
Improved protection for the vehicle operators
LED has superior qualities to other light sources when it comes to seeing through the fog
LED fog lamps are projected to expand in popularity as more government rules are put into effect
The implementation of tough new rules for safety
Increasing competition in the automotive aftermarket industry
RESTRAINTS:
A lack of awareness regarding LED fog lamps and the influence they have
The high cost of LED fog lamps and the decline in production and sales are stifling industry growth
OPPORTUNITIES:
Automotive OEM contracts & agreements are expected to provide lucrative growth prospects
Regulations for LED fog lamps have been introduced by policymakers in order to achieve operating efficiency
CHALLENGES:
Government rules & processes restrict the use of automotive fog lights and have a negative effect on the market
International car fog light market growth can be stifled by the relatively low cost of fog lights
The rapid development of the COVID-19 epidemic has had a negative influence on the worldwide LED fog light market. This is due to the limits placed on commutes, the pessimistic forecast for demand, and the anticipated poor financial performance of market players in the year 2020. In addition, the majority of the manufacturing facilities that produce LED fog lamps have been shut down because of the pandemic. This is because commute restrictions, a lack of workforce availability, and a short supply of raw material due to a disruption in the supply chain all contributed to the shutdown. Additionally, the production and selling of LED fog lamps is closely connected to vehicle production and sales operations all over the world. If the lockdown in countries is allowed to continue for longer, it is projected that production losses will escalate.
Based on the position segment, the global market has been divided into front, rear, side, and interior. Fog auto lights in the front are the most popular since they provide the driver with both passive and active visibility. Lighting in the rear of a vehicle is critical for preventing multiple-car crashes and for nighttime driving. Vehicles with tonnes of commercial weight are required to have LED fog lamps on both the front and rear for maximum visibility on the road.
The global market has been divided into Passenger cars, LCV, and HCV based on the vehicle type segment. The market is dominated by the passenger cars segment, which saw over 70 million new vehicles. Fog lamps are now mandatory for LCV operating, where there is a lot of fog. The employment of these devices has a direct impact on the mobility of heavy commercial trucks, which is subject to strict safety rules.
The global market has been divided into OEM, and aftermarket based on the sales channel segment. OEMs dominate the market for LED fog lamps in developed nations since they represent the largest share of the market. Retrofitting automobiles without LED fog lamps or installing newer models are the primary purposes of the aftermarket, which is a rapidly expanding business that is especially prevalent in developing countries.
By Position:
Front
Rear
Side
Interior
By Vehicle Type:
Passenger cars
LCV
HCV
By Sales Channel:
OEM
Aftermarket
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The LED fog lamp market expands directly in proportion to the number of vehicles that are bought in North America, which is already a very substantial market due to the persistent foggy conditions that exist across the majority of the United States and Canada. Northern Europe has fog over extended periods of time, whereas Southern Europe experiences fog for a few days per year, which makes the use of LED fog lamps necessary. The Asia-Pacific region is the market that is expanding at the fastest rate for automobile fog lights because of the region's stronger penetration and more cheap prices. In the rest of the world, Due to the minimal amount of foggy weather that occurs over the majority of this region as well as the little amount of road infrastructure, this is the smallest market for LED fog lamps.
REGIONAL COVERAGE:
North America
The USA
Canada
Mexico
Europe
Germany
The UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Robert Bosch GmbH, Osram, DLAA Industrial Co., Ltd, HELLA Group, Valeo SA, Philips, Magneti Marelli S.p.A., Sammoon Lighting Co., Ltd, KOITO MANUFACTURING, IPF Corporation, SL Corporation, and JDM Astar are some of the affluent competitors with significant market share in the LED Fog Lamp Market.
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 1.06 Billion |
| Market Size by 2030 | US$ 3.65 Billion |
| CAGR | CAGR of 16.7% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Position (Front, Rear, Side, Interior) • by Vehicle Type (Passenger cars, LCV, HCV) • by Sales Channel (OEM, Aftermarket) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Robert Bosch GmbH, Osram, DLAA Industrial Co., Ltd, HELLA Group, Valeo SA, Philips, Magneti Marelli S.p.A., Sammoon Lighting Co., Ltd, KOITO MANUFACTURING, IPF Corporation, SL Corporation, and JDM Astar |
| Key Drivers | •Improved protection for the vehicle operators. •LED has superior qualities to other light sources when it comes to seeing through the fog. |
| RESTRAINTS | •A lack of awareness regarding LED fog lamps and the influence they have. •The high cost of LED fog lamps and the decline in production and sales are stifling industry growth. |
The LED Fog Lamp Market is expected to reach USD 3.65 billion by 2030.
Major players in the market are Robert Bosch GmbH, Osram, DLAA Industrial Co., Ltd, HELLA Group, Valeo SA, Philips, Magneti Marelli S.p.A., Sammoon Lighting Co., Ltd, KOITO MANUFACTURING, IPF Corporation, SL Corporation, and others in the final report.
The report is segmented into three types by Position, by Vehicle Type, by Sales Channel.
The forecast period of the LED Fog Lamp Market is 2022-2030.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global LED Fog Lamp Market Segmentation, By Position
8.1 Front
8.2 Rear
8.3 Side
8.4 Interior
9. Global LED Fog Lamp Market Segmentation, By Vehicle Type
9.1 Passenger car
9.2 LCV
9.3 HCV
10. Global LED Fog Lamp Market Segmentation, by Sales Channel
10.1 OEM
10.2 Aftermarket
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 the USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 the UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Robert Bosch GmbH,
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Osram
12.3 DLAA Industrial Co., Ltd
12.4 HELLA Group
12.5 Valeo SA
12.6 Philips
12.7 Magneti Marelli S.p.A.
12.8 Sammoon Lighting Co., Ltd
12.9 KOITO MANUFACTURING
12.10 IPF Corporation
12.11 SL Corporation
12.12 JDM Astar
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
14. Conclusion
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