Global Commercial Vehicles LED Bar Lights Market 2017-2021

Overview of the global commercial vehicles LED bar lights market

Research analysis on the global commercial vehicles LED bar lights market identifies that the stringent automotive light system norms driving the need for automotive safety will be one of the major factors that will have a positive impact on the growth of the market. The automotive industry is adopting numerous norms and regulations to govern the automotive safety and vehicular exhaust emissions. In addition to these norms, the automotive governing councils of various countries have put forth lighting regulations for commercial vehicles. Enhanced safety systems such as adaptive front-lighting systems, are gaining wide popularity in the market to increase the safety of vehicles. Our research analysts predict that the voluntary implementation of improved lighting solutions by OEMs and rising demand for better visibility will support the growth of this market. In addition, various countries have adopted numerous regulations to drive the usage of LED lighting for automotive applications. Technavio's market research analysts predict that this market will grow at a CAGR of 32% by 2021.

The utilization of computer designed reflector and modular housing is one of the latest trends that will contribute to the growth of this market in the forthcoming years. The rising competition levels and availability of new techniques have led the automotive LED light bar designers and manufacturers to use computer designed reflector facing technology. The use of this technology in modern LED light bars significantly enhances the lighting power and sharpness and provides better beam control compared to conventional LEDs. In addition, the LED bar lights designers and manufacturers are using modular designed housing to connect multiple light bars and raise their functionality and applicability.

Competitive landscape and key vendors  

The commercial vehicles LED bar lights market consists of several global and regional local vendors. Continuous innovations and advancements in LED lighting technology are driving the penetration of LED light bars in the commercial vehicle market globally. Also, the developing global commercial vehicle market has led to the stiff competition between the players operating in the commercial vehicle LED lighting market.

The leading vendors in the market are ?

• Federal-Mogul
• Hella
• Magneti Marelli
• OSRAM
• Valeo

The other prominent vendors in the market are Lazer Lamps, Kuda UK, PIAA Corporation, Westin Automotive, NEOLITE, SL Corporation, Stanley, and Varroc Group.

Segmentation by end-user and analysis of the commercial vehicles LED bar lights market

• Aftermarket
• OEMs

During 2016, the OEMs accounted for the major shares of the commercial vehicles LED bar lights market. Factors such as the increasing availability of LED bar lights as stock fitment or as an option on heavy-duty trucks and increased regulations on the utilization of automotive lighting will contribute to the growth of this industry segment in the coming years.

Geographical segmentation and analysis of the commercial vehicles LED bar lights market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the commercial vehicles LED bar lights market throughout the forecast period. The increased sales of commercial vehicles in the countries, such as the US and Canada, rising prominence on automotive safety lighting and availability of better infrastructure in this region will drive the market growth in the region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global commercial vehicles LED bar lights market?
• What are the key market trends impacting the growth of the global commercial vehicles LED bar lights market?
• What are the challenges to market growth?
• Who are the key vendors in the global commercial vehicles LED bar lights market?
• What are the market opportunities and threats faced by the vendors in the global commercial vehicles LED bar lights market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global commercial vehicles LED bar lights market?

Technavio also offers customization on reports based on specific client requirement.

A LED bar light is a short or long array of high-luminosity LED lights. Such lights are mounted on the roof /front/back of a vehicle, which provides additional support in vision. This upcoming research report on the global commercial vehicles LED bar lights market offers insights into the major trends and forthcoming drivers influencing the growth of the automotive industry. Our reports for the automotive industry also follow a scrupulous data collection methodology and offer an analysis of fast growing market segments like automotive electronics.  

By considering the market forecast and size and the surging demand for various segments in the automotive electronics sector, the market research professionals at Technavio present an all-inclusive picture of the commercial vehicles LED bar lights market for the period of 2017 to 2021. Furthermore, our research practices support clients develop impactful growth strategies and keep pace with the continually changing market dynamics. This market research report also presents an extensive analysis of various products and services based on the insights from the information gathered from specific resources such as channel partners and market stakeholders.

This forthcoming market research report on the commercial vehicles LED bar lights market also covers vendors like Lazer Lamps Ltd., KUDA UK LTD., PIAA Corporation, PlasmaGlow, Raney's Inc., and PARTSam. According to our market research experts, the ability of LED light bars to provide superior illumination than regular lights is expected to impact the global market significantly. Furthermore, to offer clients the scope to identify potential market opportunities and expand in niche markets, this report on the commercial vehicles LED bar lights market also covers geographies like the Americas, APAC, and EMEA.

The upcoming industry research report on the commercial vehicles LED bar lights market also categorizes the key drivers, prominent trends, as well as the imminent restraints that the automotive electronics sector currently experiences. This upcoming report on the commercial vehicles LED bar lights market presents insights into the rapidly changing competitive landscape to give clients a complete picture of the forthcoming events within the automotive industry. Technavio also provides deep-dive market assessments into the sectors such as automotive components and automotive manufacturing.