Daytime Running Lights Market Research Report and Forecast up to 2025 Daytime Running Lights Market - Global Industry An

Daytime Running Lights Market - Global
Industry Analysis, Size, Share, Growth, Trends,
and Forecast 2017 - 2025
With the advancements in technology, there has been a considerable growth in the
daytime running lights market globally. The technology improvement that has
transpired in the daytime running lights market can be clearly witnessed from the
change in preference of the consumers from standard head lamps to LED (Light
Emitting Diode) and HID (High Intensity Discharge) lamps. The shift in preference is
largely driven by energy efficiency, longevity, and styling features of the LED and
HID lamps. OLED or organic LED’s are the new possibilities for efficient daytime
running light solutions in the future. The temperature resistance in OLED’s are
increased to ensure a smooth long term usage. In addition, OLED’s are homogenous
light surfaces that can form various shapes and colors, which are expected to be
durable as well as energy efficient. Round-the-corner-car-light is another efficient
automotive lighting solution, which is yet to become popular though it is provided in
some of the premium segment of vehicles. Such lights have intelligent LED
headlight systems that provide the driver with optimal vision on the corners and
edges of the road; thereby ensuring better road assistance and safety.
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running-lights-market.html
The growth in the global daytime running lights market is directly related to the
growth of the global automobiles market. In addition, increasing production and
usage of hybrid and electric vehicles are set to increase the application areas of
daytime running lights, globally. Therefore, with the increasing sales of automobiles
globally, the demand for daytime running lights are set to grow. In regions such as
Asia Pacific and Latin America, an immense rise in the usage of passenger vehicles
is expected over the forecast period, which is set to bolster the growth of the
daytime running lights market in such areas. In addition, economic reforms in
countries coupled with growth in the automotive sector and increasing private
equity investments in automotive lighting companies are crucial factors influencing
the growth of global daytime running lights market.
The daytime running lights market can be classified by type, by application and by
geography. The type segment can be classified into HID, LED and halogen. By
application, the market can be segregated as passenger vehicles, light commercial
vehicles and heavy commercial vehicles. By geography, the market can be
segmented into North America, Europe, Asia Pacific, Middle East and Africa, and
Latin America.