Escalating DRL Popularity Points to Improving Scenario for LED in Two Wheeler Lighting Market

Despite witnessing notable technological transformation over the years, the global two wheeler lighting market has been slated to observe poor growth over the next five years. Over 2017-2022, the two wheeler lighting market is expected to exhibit XX% CAGR, reaching the valuation of just above US$ XX Bn by the end of 2022. As indicated by a new study on two wheeler lighting market, LED and its variants will continue to gain ground in two wheeler lighting marketplace.  Adoption of sophisticated technological novelties such as LED lighting in two-wheelers have rendered superlative output in terms of minimal power consumption as opposed to conventional variants. In the wake of surged instances of road accidents attributed to poor road visibility under challenging conditions at night and poor weather conditions, adoption of apt vehicle lighting technology occupies center stage. Stringent regulatory protocol pertaining accident controls has substantially mandated integration of ideal two-wheeler lighting system to avert road accidents.

Get Free Sample Report Here:

https://www.factmr.com/connectus/sample?flag=S&rep_id=143

Further, owing to economic viability and growing pool of two-wheeler owners, more emphatically across populous economies, two-wheeler lighting market is anticipated to demonstrate astral growth. Besides rising population, dismal road transport infrastructure in several countries accounts for greater ownership of two-wheelers, which is also supplemented by rising disposable income. Burgeoning women riders round the globe is a dominant trend which is expected to linger in the coming decades, thereby amply supplementing impressive growth outlook for two-wheeler lighting market.

To craft significant lead, business tycoons are inclined towards massive R&D ventures to spearhead novel functional and aesthetic properties. Improved features in fog lights is likely to augment growth in auxiliary two-wheeler lighting, a prerequisite for adventure bikes. In a recent development, eminent player Rohm Semiconductor is likely to unroll its new integrated lamp control mechanism compatible with LED lighting systems that promises superlative safety and high aesthetic grandeur.

Browse Full Report with ToC Here: 

https://www.factmr.com/report/143/two-wheeler-lighting-market

Two-wheeler Lighting Market: Overview

The two-wheeler lighting market has been analyzed in detail to offer definitive forecast insights on the market for the period 2017-22. This report is an exhaustive compilation of a detailed overview of two-wheeler lighting market and analyzes the market in terms of market dynamics, macro and micro-economic determinants that shape market growth, also shedding light on other relevant factors that direct future prospects of the market trajectory.

Escalating DRL Popularity Points to Improving Scenario for LED in Two Wheeler Lighting Market

Visibly rapid transitioning of DRLs (daytime running lights) from halogen to LED in terms of source highlights the potential of LED to witness robust growth in the near future. However, despite the two wheeler lighting market holds healthy prospects for LED, halogen still lead the mainstream selection of two wheeler lighting. Over the next few years, LED is expected to account for over one-fourth share of the total two wheeler lighting market value. With steady DRL adoption by two wheeler owners pushing LED scenario, it will further strengthen with an exclusive application of LED in sequential turn lighting.

Auxiliary Two Wheeler Lighting – Another Revenue Generation Channel in Two Wheeler Lighting Market

Growing demand for auxiliary two wheeler lighting that supplements and complements the headlight is foreseen to elevate the outlook of two wheeler lighting market in the near future. Long distance/off-road terrain/adventurous bike riders need to fill in the gaps left by OEMs in case of headlight, which further raises the demand for auxiliary two wheeler lighting, i.e. the backup illumination source.

Two-wheeler Lighting Market: Competition Landscape

This section of the report offers a detailed section on key contributors in two-wheeler lighting market. A dashboard view of each of the mentioned profiles complete with detailed insights on their respective SWOT analysis along with detailed assessment of their product portfolio, market contribution, as well as recent developments have been slated to aid readers’ understanding about the competition spectrum.

Osram GmbH, Hella KGaA Hueck & Co, and General Electric are a few of the prominent leaders competing in the global two wheeler lighting market space. Among these, Osram GmbH considers India as one of the top performing markets in the automotive lighting sector and over the next couple of years, the company expects over 60% of the revenue share coming from India alone. Osram (India) recently announced the launch of a brand new range of automotive lighting solutions, i.e. Rallye – a cost competitive lighting range that includes around 12 halogen lamp variants for four wheelers, two wheelers, and commercial vehicles.