Automotive Daytime Running Light Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032
- Report ID: ME_0074920
- Format: Electronic (PDF)
- Publish Type: Publish
- Number of Pages: 250
Market Snapshot
Source: Market Expertz
| Study Period | 2019-2032 |
| Base Year | 2023 |
| Forcast Year | 2023-2032 |
| CAGR | 7.32 |
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Automotive Daytime Running Light Market Analysis Report 2023-2032:
The Automotive Daytime Running Light (DRL) Market size is projected to experience a steady growth at a CAGR of 3.8% from 2022 to 2032. This growth is expected to result in an estimated increase of USD 1,645.2 million in market size. Several factors are driving this growth, including increasing automobile production, stringent safety regulations, and growing awareness among consumers about vehicle safety features. Automotive Daytime Running Lights are a crucial safety component in vehicles, designed to enhance visibility during daylight hours and reduce accidents.
Automotive Daytime Running Light Market Overview:
Drivers:
One of the primary drivers of growth in the Automotive Daytime Running Light market is the rising emphasis on vehicle safety. Governments and regulatory bodies worldwide are implementing stringent safety standards, mandating the installation of DRLs in vehicles. These lights improve vehicle visibility to other road users, reducing the risk of daytime accidents. Additionally, consumers are increasingly recognizing the importance of safety features in vehicles, further boosting the demand for DRLs.
Moreover, the growing global automotive production contributes significantly to the increasing adoption of DRLs. As the automotive industry expands, more vehicles are equipped with these lights as a standard feature, positively impacting market growth.
Trends:
An emerging trend in the Automotive DRL market is the integration of advanced lighting technologies. LED (Light Emitting Diode) DRLs, in particular, are gaining popularity due to their energy efficiency, durability, and design flexibility. Automakers are increasingly incorporating LED DRLs into their vehicle models, offering brighter and more energy-efficient lighting solutions.
Another noteworthy trend is the development of adaptive DRLs that can adjust their intensity and direction based on driving conditions. These adaptive DRLs enhance safety by improving visibility while reducing glare for oncoming drivers. This technology is likely to witness increased adoption in premium and high-end vehicle segments.
Restraints:
One of the key challenges faced by the Automotive DRL market is the cost associated with advanced lighting technologies, such as LED and adaptive DRLs. While these technologies offer superior performance, they can increase the overall manufacturing cost of vehicles. This cost constraint may hinder the widespread adoption of advanced DRLs, particularly in budget-friendly vehicle segments.
Furthermore, the global semiconductor shortage, which affects the production of electronic components including DRLs, has impacted the supply chain and led to delays in manufacturing. These disruptions can affect the timely installation of DRLs in vehicles.
Automotive Daytime Running Light Market Segmentation By Application:
The Passenger Cars segment is expected to witness significant growth in the coming years. DRLs are becoming increasingly common in passenger cars as automakers prioritize safety features to attract customers. The installation of DRLs not only enhances safety but also adds aesthetic value to vehicles. Moreover, consumers are becoming more safety-conscious when choosing passenger cars, further driving the demand for DRLs in this segment.
Commercial vehicles, including trucks and buses, are also adopting DRLs, albeit at a slower pace compared to passenger cars. As safety regulations become more stringent for commercial vehicles, the adoption of DRLs is expected to increase.
Automotive Daytime Running Light Market Segmentation By Type:
The LED DRL segment is poised for robust growth due to its energy efficiency and longer lifespan. LED DRLs offer automakers the flexibility to incorporate these lights into various vehicle designs. As environmental concerns and energy efficiency gain prominence, LED DRLs are expected to dominate the market.
Halogen DRLs, while less energy-efficient than LEDs, are still utilized in some vehicles, particularly in cost-sensitive markets. However, their market share is gradually diminishing as LED technology becomes more affordable.
Regional Overview:
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Request pdf SampleNorth America is expected to be a significant contributor to the global Automotive DRL market, with the United States and Canada at the forefront. Stringent safety regulations and a large automotive market drive the adoption of DRLs in the region. Additionally, increasing consumer awareness of vehicle safety features further fuels market growth.
Europe, including countries like the United Kingdom, Germany, and France, is also a prominent market for Automotive DRLs. European safety standards and a strong automotive manufacturing sector contribute to the adoption of DRLs in the region.
Asia-Pacific (APAC) is witnessing rapid growth in the Automotive DRL market, primarily driven by the booming automotive industry in countries like China and India. The increasing demand for passenger cars and commercial vehicles, coupled with evolving safety regulations, propels the adoption of DRLs in this region.
South America and the Middle East & Africa regions also show potential for market growth, albeit at a slower pace, due to the gradual adoption of safety regulations and increasing automotive production.
Automotive Daytime Running Light Market Customer Landscape:
The Automotive DRL market caters to a diverse customer base, ranging from early adopters and innovators in developed markets to late adopters in emerging markets. Understanding customer preferences, safety concerns, and price sensitivity is crucial for companies operating in this market.
Major Automotive Daytime Running Light Market Companies:
Companies in the Automotive DRL market are implementing various strategies to enhance their market presence, including strategic partnerships, mergers and acquisitions, geographical expansion, and product/service launches. Some key market players include:
- Philips
- OSRAM
- Hella GmbH & Co. KGaA
- Valeo
- Magneti Marelli S.p.A
- Koito Manufacturing Co., Ltd.
- SL Corporation
- Varroc Lighting Systems
- Stanley Electric Co., Ltd.
- ZKW Group
Qualitative and quantitative analyses of these companies have been conducted to provide insights into their market positions, strengths, and weaknesses. The market landscape includes categorizations such as pure play, category-focused, industry-focused, and diversified, as well as assessments of their dominance, leadership, strength, tentativeness, and weakness within the market.
Segment Overview:
The Automotive DRL market report offers revenue forecasts at global, regional, and country levels, along with an analysis of trends and growth opportunities from 2019 to 2032.
Application Outlook (USD Million, 2019 - 2032):
- Passenger Cars
- Commercial Vehicles
Type Outlook (USD Million, 2019 - 2032):
- LED DRLs
- Halogen DRLs
- Adaptive DRLs
- Other DRL Technologies
Geography Outlook (USD Million, 2019 - 2032):
- North America
- The U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Rest of Europe
- APAC
- China
- India
- South America
- Chile
- Argentina
- Brazil
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
Table of Contents
Chapter 1 Overview of Automotive Daytime Running Light
1.1 Definition of Automotive Daytime Running Light in This Report
1.2 Commercial Types of Automotive Daytime Running Light
1.2.1 Full-voltage
1.2.2 Parking light
1.3 Downstream Application of Automotive Daytime Running Light
1.3.1 Passenger car
1.3.2 Commercial vehicle
1.4 Development History of Automotive Daytime Running Light
1.5 Market Status and Trend of Automotive Daytime Running Light 2013-2023
1.5.1 Global Automotive Daytime Running Light Market Status and Trend 2013-2023
1.5.2 Regional Automotive Daytime Running Light Market Status and Trend 2013-2023
Chapter 2 Global Market Status and Forecast by Regions
2.1 Market Development of Automotive Daytime Running Light 2013-2017
2.2 Production Market of Automotive Daytime Running Light by Regions
2.2.1 Production Volume of Automotive Daytime Running Light by Regions
2.2.2 Production Value of Automotive Daytime Running Light by Regions
2.3 Demand Market of Automotive Daytime Running Light by Regions
2.4 Production and Demand Status of Automotive Daytime Running Light by Regions
2.4.1 Production and Demand Status of Automotive Daytime Running Light by Regions 2013-2017
2.4.2 Import and Export Status of Automotive Daytime Running Light by Regions 2013-2017
Chapter 3 Global Market Status and Forecast by Types
3.1 Production Volume of Automotive Daytime Running Light by Types
3.2 Production Value of Automotive Daytime Running Light by Types
3.3 Market Forecast of Automotive Daytime Running Light by Types
Chapter 4 Global Market Status and Forecast by Downstream Industry
4.1 Demand Volume of Automotive Daytime Running Light by Downstream Industry
4.2 Market Forecast of Automotive Daytime Running Light by Downstream Industry
Chapter 5 Market Driving Factor Analysis of Automotive Daytime Running Light
5.1 Global Economy Situation and Trend Overview
5.2 Automotive Daytime Running Light Downstream Industry Situation and Trend Overview
Chapter 6 Automotive Daytime Running Light Market Competition Status by Major Manufacturers
6.1 Production Volume of Automotive Daytime Running Light by Major Manufacturers
6.2 Production Value of Automotive Daytime Running Light by Major Manufacturers
6.3 Basic Information of Automotive Daytime Running Light by Major Manufacturers
6.3.1 Headquarters Location and Established Time of Automotive Daytime Running Light Major Manufacturer
6.3.2 Employees and Revenue Level of Automotive Daytime Running Light Major Manufacturer
6.4 Market Competition News and Trend
6.4.1 Merger, Consolidation or Acquisition News
6.4.2 Investment or Disinvestment News
6.4.3 New Product Development and Launch
Chapter 7 Automotive Daytime Running Light Major Manufacturers Introduction and Market Data
7.1 Hella
7.1.1 Company profile
7.1.2 Representative Automotive Daytime Running Light Product
7.1.3 Automotive Daytime Running Light Sales, Revenue, Price and Gross Margin of Hella
7.2 KOITO
7.2.1 Company profile
7.2.2 Representative Automotive Daytime Running Light Product
7.2.3 Automotive Daytime Running Light Sales, Revenue, Price and Gross Margin of KOITO
7.3 Magneti Marelli
7.3.1 Company profile
7.3.2 Representative Automotive Daytime Running Light Product
7.3.3 Automotive Daytime Running Light Sales, Revenue, Price and Gross Margin of Magneti Marelli
7.4 OSRAM
7.4.1 Company profile
7.4.2 Representative Automotive Daytime Running Light Product
7.4.3 Automotive Daytime Running Light Sales, Revenue, Price and Gross Margin of OSRAM
7.5 Valeo
7.5.1 Company profile
7.5.2 Representative Automotive Daytime Running Light Product
7.5.3 Automotive Daytime Running Light Sales, Revenue, Price and Gross Margin of Valeo
7.6 ICHIKOH INDUSTRIES
7.6.1 Company profile
7.6.2 Representative Automotive Daytime Running Light Product
7.6.3 Automotive Daytime Running Light Sales, Revenue, Price and Gross Margin of ICHIKOH INDUSTRIES
7.7 Samsung LED
7.7.1 Company profile
7.7.2 Representative Automotive Daytime Running Light Product
7.7.3 Automotive Daytime Running Light Sales, Revenue, Price and Gross Margin of Samsung LED
7.8 STANLEY ELECTRIC
7.8.1 Company profile
7.8.2 Representative Automotive Daytime Running Light Product
7.8.3 Automotive Daytime Running Light Sales, Revenue, Price and Gross Margin of STANLEY ELECTRIC
Chapter 8 Upstream and Downstream Market Analysis of Automotive Daytime Running Light
8.1 Industry Chain of Automotive Daytime Running Light
8.2 Upstream Market and Representative Companies Analysis
8.3 Downstream Market and Representative Companies Analysis
Chapter 9 Cost and Gross Margin Analysis of Automotive Daytime Running Light
9.1 Cost Structure Analysis of Automotive Daytime Running Light
9.2 Raw Materials Cost Analysis of Automotive Daytime Running Light
9.3 Labor Cost Analysis of Automotive Daytime Running Light
9.4 Manufacturing Expenses Analysis of Automotive Daytime Running Light
Chapter 10 Marketing Status Analysis of Automotive Daytime Running Light
10.1 Marketing Channel
10.1.1 Direct Marketing
10.1.2 Indirect Marketing
10.1.3 Marketing Channel Development Trend
10.2 Market Positioning
10.2.1 Pricing Strategy
10.2.2 Brand Strategy
10.2.3 Target Client
10.3 Distributors/Traders List
Chapter 11 Report Conclusion
Chapter 12 Research Methodology and Reference
12.1 Methodology/Research Approach
12.1.1 Research Programs/Design
12.1.2 Market Size Estimation
12.1.3 Market Breakdown and Data Triangulation
12.2 Data Source
12.2.1 Secondary Sources
12.2.2 Primary Sources
12.3 Reference
List of Tables
Table Advantage and Disadvantage of Full-voltage
Table Advantage and Disadvantage of Parking light
Table Production Volume of Automotive Daytime Running Light by Regions 2013-2017
Table Production Value of Automotive Daytime Running Light by Regions 2013-2017
Table Demand Volume of Automotive Daytime Running Light by Regions 2013-2017
Table Production and Demand Status of Automotive Daytime Running Light in Region One 2013-2017
Table Production and Demand Status of Automotive Daytime Running Light in Region Two 2013-2017
Table Production and Demand Status of Automotive Daytime Running Light in Region Three 2013-2017
Table Production and Demand Status of Automotive Daytime Running Light in Region Four 2013-2017
Table Import Volume of Automotive Daytime Running Light by Regions 2013-2017
Table Export Volume of Automotive Daytime Running Light by Regions 2013-2017
Table Production Volume of Automotive Daytime Running Light by Types 2013-2017
Table Production Value of Automotive Daytime Running Light by Types 2013-2017
Table Production Volume Forecast of Automotive Daytime Running Light by Types 2018-2023
Table Production Value Forecast of Automotive Daytime Running Light by Types 2018-2023
Table Demand Volume of Automotive Daytime Running Light by Downstream Industry 2013-2017
Table Demand Volume Forecast of Automotive Daytime Running Light by Downstream Industry 2018-2023
Table Production Volume of Automotive Daytime Running Light by Major Manufacturers 2013-2017
Table Production Value of Automotive Daytime Running Light by Major Manufacturers 2013-2017
Table Headquarters Location and Established Time of Automotive Daytime Running Light Major Manufacturer
Table Employees and Revenue Level of Automotive Daytime Running Light Major Manufacturer
Table Representative Automotive Daytime Running Light Product One of Hella
Table Representative Automotive Daytime Running Light Product Two of Hella
Table Automotive Daytime Running Light Sales, Revenue, Price and Gross Margin of Hella 2013-2017
Table Representative Automotive Daytime Running Light Product One of KOITO
Table Representative Automotive Daytime Running Light Product Two of KOITO
Table Automotive Daytime Running Light Sales, Revenue, Price and Gross Margin of KOITO 2013-2017
Table Representative Automotive Daytime Running Light Product One of Magneti Marelli
Table Representative Automotive Daytime Running Light Product Two of Magneti Marelli
Table Automotive Daytime Running Light Sales, Revenue, Price and Gross Margin of Magneti Marelli 2013-2017
Table Representative Automotive Daytime Running Light Product One of OSRAM
Table Representative Automotive Daytime Running Light Product Two of OSRAM
Table Automotive Daytime Running Light Sales, Revenue, Price and Gross Margin of OSRAM 2013-2017
Table Representative Automotive Daytime Running Light Product One of Valeo
Table Representative Automotive Daytime Running Light Product Two of Valeo
Table Automotive Daytime Running Light Sales, Revenue, Price and Gross Margin of Valeo 2013-2017
Table Representative Automotive Daytime Running Light Product One of ICHIKOH INDUSTRIES
Table Representative Automotive Daytime Running Light Product Two of ICHIKOH INDUSTRIES
Table Automotive Daytime Running Light Sales, Revenue, Price and Gross Margin of ICHIKOH INDUSTRIES 2013-2017
Table Representative Automotive Daytime Running Light Product One of Samsung LED
Table Representative Automotive Daytime Running Light Product Two of Samsung LED
Table Automotive Daytime Running Light Sales, Revenue, Price and Gross Margin of Samsung LED 2013-2017
Table Representative Automotive Daytime Running Light Product One of STANLEY ELECTRIC
Table Representative Automotive Daytime Running Light Product Two of STANLEY ELECTRIC
Table Automotive Daytime Running Light Sales, Revenue, Price and Gross Margin of STANLEY ELECTRIC 2013-2017
RESEARCH METHODOLOGY
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Secondary Research Model
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Primary Insights
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
Market Estimation
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
Final Presentation
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
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