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Automotive led fog lights market analysis and estimation from the year 2021 to 2030

The automotive fog lights market is expected to grow with a CAGR of 15.2% in the world during the forecast period from 2021 to 2030, starting from US$ 727.44 Mn in 2020, it is estimated to be up to  US$ 2.69 billion by the year 2030. Automotive fog lights is much necessary in poor climatic conditions such as during fog or heavy rains and low light conditions. There are different fog lights in the market such as LED, halogen and HID, with LED rapidly hot-sell as the most popular type because of sleek design, long lifetime and more brightness. For this reason, LED fog lights have been seen more and more on new car models. New technology such as Bluetooth connected lights are also stimulating the market. Bluetooth-enabled LED fog lights include added functionality along with the vehicle’s music system, thereby offering more eye-catching features. Moreover, the changing spending pattern of consumer towards automotive accessories is another supporting factor for the car LED fog lights .
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Until now, halogen fog lights still take the lead in the market due to their long-time predominance in the market and low cost. Step by step, LED fog light will take more and more market share because of its growing adoption and change in the safety measures of automotive industry. LED fog lights feature in different benefits such as more brightness, less energy consumption, longer lifespan, clear picture of the road and various others. As compared with HID and halogen, LED fog lights are expensive but consumers prefer these due to their advantages conventional halogen and HID fog lights do not have.

Before the covid-19 pandemic occurred, Europe took the lead in the fog lights market worldwide with nearly 42% of the global market revenue because front and rear fog lights are mandatory in the region. Since Asia Pacific is the largest market for automotive vehicles, auxiliary automotive lighting accessories such as fog lights sees the highest CAGR in the region. Factors such as growth in concern towards road safety, rise in implementation of the government regulations are expected to make more market growth of the LED fog lamps market. Growing adoption of the vehicle electrification, and entering into contracts and agreements with automotive OEMs are expected to offer more growth opportunities for the market players.

Some of the famous players in the automotive fog lights market are OSRAM Licht AG, Hella KGaA Hueck & Co., Philips, Warn Industries, Inc., Stanley electric co. ltd, Magneti Marelli S.p.A., Autolite india, PIAA Corporation, Inc., J.W. Speaker, Phoenix Lamps Ltd. and others.
the market report of automotive fog lights between the year 2020 and 2030
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