Enjoy complimentary customisation on priority with our Enterprise License!
Research analysis on the global automotive high-mount stop lamp (HMSL) market identifies that the HMSL as a mandatory safety equipment will be one of the major factors that will have a positive impact on the growth of the market. HMSL is a safety device that provides a warning to the driver with the lesser view of the vehicle's right and left stop lamps that is blocked by another vehicle. In addition, these HMSL devices offers stop signal in the case of stop light malfunctioning. Rise in road safety concerns across the world have resulted in various developed economies like the US, New Zealand, and Australia making it mandatory to install HMSL in both passenger cars (PCs) and commercial vehicles (CVs). Also, the increase in disposable income and lower fuel prices in developing economies have increased the sales of automobiles giving rise to automotive manufactures to raise the increase the need for safety features of the automobile. This will help to drive the demand for HMSL during the forecast period. Technavio’s market research analysts predict that this market will post a revenue of more than USD 2.8 billion by 2021.
The rising utilization of OLED in the rear lights is one of the key trends that will gain traction in the automotive HMSL market. OLEDs can produce light in a thin layer that provides new opportunities for better designs from the automotive manufacturers. Also, OLEDs are a flat light source that does not cast any shadow and needs no reflectors, light guides, or similar optics. Due to the extremely lightweight and very flat characteristics of OLEDs, it is largely flexible which can be shaped and mounted on flexible carriers. These advantages will drive the adoption of OLEDs in the high-mount stop lamps in the automotive industry.
The automotive HMSL market consists of limited number of large players along with regional, local players operating in this market. However, as global players are expanding their presence, regional vendors are finding it hard to compete with them based on better technology, quality, price, product features, and design. The competitive environment in this market is likely to increase with the rise in demand for PCs and LCVs.
The leading vendors in the market are –
The other prominent vendors in the market are Stanley Electric, Brown & Watson International, Dialight, and Truck-Lite.
During 2016, the passenger cars segment accounted for the major shares of the market. Factors such as the growing demand for passenger cars in the developing economies, such as China, India, Japan, and South Korea and increased initiatives to raise the safety measures during a commute will contribute to the growth of this industry segment in the coming years.
This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the automotive HMSL market throughout the forecast period. The increasing demand for PCs and LCVs in the developing economies, such as China and India and the rise of rear-collision accidents every year will drive the market growth in the region.
Technavio also offers customization on reports based on specific client requirement.
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
PART 05: MARKET LANDSCAPE
PART 06: MARKET SEGMENTATION BY APPLICATION
PART 07: REGIONAL LANDSCAPE
PART 08: DECISION FRAMEWORK
PART 09: DRIVERS AND CHALLENGES
PART 10: MARKET TRENDS
PART 11: VENDOR LANDSCAPE
PART 12: KEY VENDOR ANALYSIS
PART 13: APPENDIX
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.