The Global Vehicle Daytime Running Lamps market is projected to grow at a CAGR of 5.55% during the forecast period, reaching US$803.840 million in 2025 from US$581.287 million in 2019. Vehicle Daytime Running Lamp's (DRL) job is to increase the visibility of the car so that the other user sees the vehicle on the road. DRL is an automotive lighting and bicycle lighting device on the front of a motor vehicle or bicycle, it’s get automatically switched on when driving it emits white, yellow, or amber light. DRL is used for maximizing benefits in safety performance, glare, motorcycle masking, and other potential drawbacks. A daytime running lamp emits a brighter light when the headlamps are not turned on and its brightness will be dimmed slightly in conjunction with the headlamps being turned on. Vehicle Daytime Running Lamp Market is segmented on the basis of type, seating capacity, engine type, and geography. Segmentation on type includes Halogen, LED (Light Emitting Diode), and HID (High-Intensity Discharge). Segmentation on the basis of seating capacity includes 2-seater and 4-seater cars. Segmentation on the basis of Vehicle includes Passenger Vehicle, Light Commercial Vehicle, and Heavy Commercial Vehicle.
The automotive running lamp market is growing due to the increase in sales & production of vehicles, safety concerns, and technological advancements. The advancement of in-car safety features is going to increase the demand for DRL in the market. LEDs are the most widely used lamps in the car as they are more energy-efficient than conventional light sources. They have multiple advantages in comparison to traditional lights like low voltage, durable for a longer time, zero UV emission, flexible design, eco-friendly, and long life. DRL is most popular in countries located the further north, where there is less light, especially in winters. Countries such as Sweden, Norway, Iceland, Denmark, and Canada were among the first to require DRLs on all vehicles. DRL even add style to a vehicle, there is a lot of option to choose from it gives the car a sleek look and consumes less power than traditional lights.
By Geography Type
Regionally the vehicle daytime running lamps market is classified into North America, South America, Europe, Middle East, and Africa, and the Asia Pacific The report also analyses major countries across these regions with complete analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers. Geographically, North America and Europe have a significant share in the electric sports car market due to high-income level people. Nordic and Scandinavian countries where it is persistently dark during the winter season at day time have a high demand for daytime running lights. The safety benefits produced by DRLs in relatively dark Nordic countries have roughly tripled the benefit as compared to the bright United States. The APAC region and Middle Eastern Countries will drive the market growth on account of an upsurge in income and a better lifestyle.
|Market size value in 2019||US$581.287 million|
|Market size value in 2025||US$803.840 million|
|Growth Rate||CAGR of 5.55% from 2019 to 2025|
|Forecast Unit (Value)||USD Million|
|Segments covered||Type, Vehicle Type, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Valeo SA, OSRAM GmbH, Koninklijke Philips N.V., Magneti Marelli S.p.A, HELLA GmbH & Co. KGaA|
|Customization scope||Free report customization with purchase|
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