Industry Background:
The active cornering light system rotates the dipped beam bulb module horizontally with an integrated motor. Corner lights may be installed right beside the headlights or positioned on the fender's side or on the quarter panel. These can also be integrated into the bumper. Changing lanes and turning around corners can be especially difficult at night, so much so that some motorists often miscalculate the space or miss the mark. A corner light is definitely a real tangible object. It is mounted on the front of the vehicle, in the corner of the front fender, hence the name. It is located right next to the headlight, and on newer vehicles it is frequently combined into it. Corner lights most often have yellow, amber, or orange reflectors, though it is possible to have white or clear corner lights with yellow bulbs as well.This growth is primarily driven by Growing Demand for Premium Segment Vehicles and Growth in the Automotive Industry.
Globally, a noticeable market trend is evident Increasing Demand for Adaptive Lighting
. Major Vendors, such as VOLKSWAGEN AG (Germany), HELLA GmbH & Co. KGaA (Germany), OSRAM GmbH (Germany), Koninklijke Philips N.V. (Netherlands), Zumtobel Group AG (Austria), Panasonic (Japan), Schneider Electric (France), Marelli (Italy), Valeo (France), Bosch (Germany) and Dialight plc (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Market Drivers
- Growing Demand for Premium Segment Vehicles
- Growth in the Automotive Industry
Market Trend
- Increasing Demand for Adaptive Lighting
- Development of New Lightning Technologies
Restraints
- High Cost of LED Lights
- Volatility of Raw Material Prices
Opportunities
Increasing Demand for LED fog Light and Growing Demand from the Developing Economies
Challenges
Increase in Competition from Local Companies and Less Adoption Rate for Commercial Vehicle Segment
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Corner Light Study Sheds Light on
The Corner Light Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Corner Light industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Corner Light industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.