Industry Press Releases

Automotive Off-road Lighting Market - Top 3 Drivers by Technavio

Friday, Oct 13, 2017
Pressreleases

Technavio market research analysts forecast the global automotive off-road lighting market to grow at a CAGR of more than 13% during the forecast period, according to their latest report.

The market study covers the present scenario and growth prospects of the global automotive off-road lighting market for 2017-2021. The report also lists aftermarkets and OEMs as the two major end-user segments, of which the aftermarket segment accounted for close to 86% of the market share in 2016.

According to Amey Vikram, a lead analyst at Technavio for automotive electronics research, “Style and aesthetics features demanded by the customers and rapid advancement of lighting technology contribute to the growth of the market. The high efficiency of the modern lighting technology meets every concern from energy efficiency to long life and high performance. Aesthetically, lighting systems play an important part in attributing to the vehicle's exterior features.”

Technavio analysts highlight the following three market drivers that are contributing to the growth of the global automotive off-road lighting market:

  •     High demand for highly durable off-road lights
  •     Increasing demand for long lasting off-road lights
  •     Rising preference for energy-efficient off-road automotive lighting

High demand for highly durable off-road lights

An off-road vehicle is always put to the test in rugged and rough terrain unsurfaced roads, steep hills, and unsurfaced steep mountain climbs. The customized off-road drives require strong and durable lighting, for which the lighting systems from the off-road vehicle manufacturers are not sufficient. The lighting system for these vehicles should be strong and durable. The LED systems are more durable and do not break due to vibrations as they do not have any filaments. The lights from the leading manufacturer in the LED segment, Rigid Industries are well known for high durability and high quality. These lights can withstand continuous high impacts from a baseball bat and gun shots.

Increasing demand for long lasting off-road lights

The demand for long lasting lighting systems has increased during the past years. The minimum lifespan of halogen lights with high power consumption made the customers switch to effective substitutes. The HDI and LED are the alternatives. The long life and effective power consumptions of these lights, due to the minimal generation of heat increases their lifespan.

The LEDs have an estimated lifespan of 50,000 hours, which is 15 times more than the halogens and seven times more than the xenon lamps. The more durable and flexible lighting systems developed with LED can fuel the growth of off-road lighting market during the forecast period.

Rising preference for energy-efficient off-road automotive lighting

The halogens used for off-road lighting had bright light, but the LED lighting systems can provide the same intensity of light at a lower power consumption from the battery. Moreover, the halogen lamp used in an automobile requires higher power as it dissipates a majority of the energy it receives as heat.

“The LED, on the other hand, produces minimum heat that must be continuously removed from the system. A heat sink is developed for this purpose, and it efficiently removes the heat energy liberated during the lighting of the system. This process of removal of heat from the system is known as heat management of LED system. This makes LED a high power, energy efficient lighting system which is suitable for off-road vehicles,” says Amey.

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

Technavio Research
Jesse Maida

Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com

 

Source:businesswire.com

Other Press Releases