PUBLISHER: Polaris Market Research | PRODUCT CODE: 1339235
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1339235
The global vehicle mounted spotlights market size is expected to reach USD 1,060.70 million by 2032, according to a new study by Polaris Market Research. The report "Vehicle Mounted Spotlights Market Share, Size, Trends, Industry Analysis Report, By Light Source (HID, LED, Halogen, and Incandescent); By Lumens; By Control Type; By Sales Channel; By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The use of several types of advanced materials like lightweight metals, carbon fiber, and high-strength plastics that make the spotlights highly durable and much easier to mount on any kind of vehicles along with the growing product usage for emergency response and security purposes that include search & rescue, law enforcement, and border patrol, are among the major prominent factors fostering the global market growth. For instance, in June 2022, Larson Electronics, announced the launch of 100-watt mounted dual LED work light, which produces 8,600 lumens of light and can be easily detached from unit for easy transportation and storage.
With the increased power and brightness of modern spotlights, heat management has become an important consideration and some of the major manufacturers worldwide have developed thermal management systems to dissipate heat and keep the spotlight from overheating, creating lucrative growth opportunities for the market. Beside this, some manufacturers have also developed spotlights with night vision capabilities, which use infrared light to illuminate the area in front of the vehicle without alerting potential threats. Customers across the globe often look for customized spotlights that suit their specific needs and requirements. Hence, companies that can offer customization options such as beam width, color temperature, and mounting options can attract more customers and gain a competitive edge in the market. In the near future.
LED segment accounted for highest market share in 2022, which is mainly driven by its growing adoption worldwide and prevalence dye to several beneficial characteristics
5000-10000 lumens segment held the maximum market share in 2022, on account of surging need for solutions providing high-performance and consumer less power
Wireless segment is projected to hold considerable market share over the study period, mainly due to its capabilities to be easily installed without any kind of complicated wiring
Online channels segment is expected to grow at fastest growth rate during the forecast period, due to several beneficial features associated with online shopping platforms like wider options and convenience
Asia Pacific region dominated the global market with largest share in 2022, owing to growing popularity of various recreational activities and rapid rate of urbanization across the region
The global key market players include: Whelen Engineering Company, Mareli Automotive Lighting, KH Industries, Larson Electronics, and Unity Manufacturing
Polaris Market Research has segmented the vehicle mounted spotlights market report based on light source, lumens, control type, sales channel, and region: