Vehicle Mounted Spotlights Market Size Worth $1,060.70 Million By 2032 | CAGR: 5.0%

Vehicle Mounted Spotlights Market Size Worth $1,060.70 Million By 2032 | CAGR: 5.0%


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.

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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.

Vehicle Mounted Spotlights Market Report Highlights

  • 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:

Vehicle Mounted Spotlights, Light Source Outlook (Revenue - USD Million, 2019 - 2032)

  • HID
  • LED
  • Halogen
  • Incandescent

Vehicle Mounted Spotlights, Lumens Outlook (Revenue - USD Million, 2019 - 2032)

  • Below 2500 Lumens
  • 2500-5000 Lumens
  • 5000-10000 Lumens
  • Above 10000 Lumens

Vehicle Mounted Spotlights, Control Type Outlook (Revenue - USD Million, 2019 - 2032)

  • Wireless
  • Hybrid
  • Wired

Vehicle Mounted Spotlights, Sales Channel Outlook (Revenue - USD Million, 2019 - 2032)

  • Direct-to-Customer
  • Specialty Stores
  • Online Channels
  • Others

Vehicle Mounted Spotlights, Regional Outlook (Revenue - USD Million, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Vehicle Mounted Spotlights Market Report Scope

Report Attributes

Details

Market size value in 2023

USD 682.57 million

Revenue forecast in 2032

USD 1,060.70 million

CAGR

5.0% from 2023 – 2032

Base year

2022

Historical data

2021– 2021

Forecast period

2023 – 2032

Quantitative units

Revenue in USD million and CAGR from 2023 to 2032

Segments covered

By Light Source, By Lumens, By Control Type, By Sales Channel, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Key companies

Unity Manufacturing Co., Larson Electronics, KH Industries Inc., Spartaco LLC, KC HiLiTES Inc., Whelen Engineering Company Inc., Golight Inc., Marelli Automotive Lighting, Valeo, Continental AG, ICHIKOH Industries Ltd., Koito Manufacturing, Hyundai Mobis Co. Ltd., De Amertek Corporation, Peterson Manufacturing Co., and Grote Industries.

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  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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