Allied Market Research

2024

Central High Mount Stop Lamp Market

Central High Mount Stop Lamp Market Size, Share, Competitive Landscape and Trend Analysis Report by Product, by Installation by Sales Channel by Application : Global Opportunity Analysis and Industry Forecast, 2022-2032

Select an option
Author's: | Vineet Kumar
Publish Date:

Get Sample to Email

Central high mount stop lamp, also known as a "third brake light," is a brake light that is mounted on the rear of a vehicle, typically in the center of the vehicle above the rear window. The purpose of this light is to serve as an additional brake light to make the vehicle more visible to other drivers when the brakes are applied. This can help to reduce the risk of a rear-end collision. This is typically a red light, and it is activated when the driver applies the brakes. This light is usually brighter than the other brake lights on the vehicle, and it is designed to be more noticeable to drivers following the vehicle.
One of the primary drivers of the central high mount stop lamp market is government regulations. Many countries have regulations mandating the installation of this in all vehicles, which drives the demand for these lamps. For example, in the U.S., the National Highway Traffic Safety Administration has set standards for installing and performing this in all vehicles. This has led to an increase in the number of vehicles equipped with this safety feature. Safety concerns are also a major driver of the central high mount stop lamp market. Furthermore, increasing awareness of the importance of vehicle safety and the role that the central high mount stop lamp plays in reducing the risk of rear-end collisions is a key driver for the market. Studies have shown that this can significantly reduce the risk of rear-end collisions by making the vehicle more visible to other drivers when the brakes are applied. In addition, increase in the production of vehicles is another driver of this market. With the increase in the production of vehicles, the demand for this also increases. This is because it is mandatory to install these lamps in all vehicles. For example, in China, the globally largest vehicle market, the number of vehicles produced and sold has increased significantly in recent years, leading to an increase in demand for this.
However, limited aftermarket opportunities present a major challenge for the central high mount stop lamp market. Since the installation of these lamps is mostly done at the time of vehicle manufacturing, the aftermarket for these lamps is limited. This means that there are fewer opportunities for manufacturers and suppliers to sell these lamps to consumers who need to replace a damaged or malfunctioning lamp. This can restrain the growth of the market as it limits the revenue potential for manufacturers and suppliers.
Moreover, the growing adoption of autonomous vehicles presents an opportunity for this market. Autonomous vehicles require additional safety features to ensure the safety of passengers and other road users. Central high mount stop lamps, being an important safety feature, are expected to be in high demand in autonomous vehicles. As the market for autonomous vehicles grows, it is expected to drive the demand for this, providing manufacturers and suppliers with new revenue opportunities. This is because the more advanced the vehicle, the more safety features are required, hence the increasing opportunity for this in the market.
 
Segmental Overview
By product: The central high mount stop lamp market is divided into gas high mount stop lamps and LED high mount stop lamps. Gas high mount stop lamps, also known as incandescent lamps, use traditional filament technology to produce light. They are relatively inexpensive and have been widely used in vehicles for many years. However, they have a shorter lifespan than LED lamps and are not as energy efficient. LED high mount stop lamps, on the other hand, use light-emitting diodes to produce light. They are more energy-efficient and have a longer lifespan compared to incandescent lamps. They also offer improved visibility and durability. LED lamps are becoming increasingly popular in vehicles due to their energy efficiency and long lifespan. However, they are more expensive than incandescent lamps.
By installation: The central high mount stop lamp market is divided into first fit and retrofit. First fit refers to the installation of the lamp at the time of vehicle manufacturing, while retrofit refers to the installation of the lamp after the vehicle has been manufactured.
By sales channel: The central high mount stop lamp market is divided into original equipment manufacturer (OEM), original equipment supplier (OES), and independent aftermarket suppliers (IAS). OEM refers to the sale of central high mount stop lamps to vehicle manufacturers for installation during manufacturing. This is the most common sales channel as all vehicles must have this safety feature. OES refers to the sale of central high mount stop lamps to aftermarket suppliers who then sell them to consumers. This channel typically serves consumers looking to upgrade their vehicles with this safety feature. IAS refers to the sale of central high mount stop lamps to independent suppliers who then sell them to consumers or other businesses. This channel is less common than the first two but still plays a significant role in the market.
By application: The central high mount stop lamp market is divided into passenger car and commercial vehicles. Passenger cars refer to vehicles used for personal transportation and include sedans, SUVs, hatchbacks, coupes, and convertibles. These vehicles are typically equipped with central high mount stop lamps as a standard safety feature. Commercial vehicles refer to vehicles used for business purposes and include trucks, buses, and vans. These vehicles often have additional brake lights that are mounted higher on the vehicle to provide even greater visibility. The market for commercial vehicles is expected to grow as the demand for goods transportation increases.
By region: The central high mount stop lamp market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa. North America is a mature market for central high mount stop lamp and has a large number of vehicles on the road, which drives the demand for this safety feature.
Competitive Analysis
This report includes competitive analysis and profiles of major players such as Altair Engineering, Inc., Crown Automotive Sales Co. Inc., Excellence Optoelectronics Inc., Hella KGaA Hueck & Co., Grote Industries, Inc., ICHIKOH INDUSTRIES, LTD, FLEX-N-GATE CORPORATION, OSRAM LIGHTING PRIVATE LIMITED, Magneti Marelli, and North American Lighting, Inc.. These companies have adopted key strategies such as product launches and acquisitions to improve their product portfolios and stay competitive.

Central High Mount Stop Lamp Market Report Highlights

Aspects Details
Central High Mount Stop Lamp Market By Product
By Product
  • Gas High Mount Stop Lamps
  • LED High Mount Stop Lamps
Central High Mount Stop Lamp Market By Installation
By Installation
  • First Fit
  • Retrofit
Central High Mount Stop Lamp Market By Sales Channel
By Sales Channel
  • OEM
  • OES
  • IAS
Central High Mount Stop Lamp Market By Application
By Application
  • Passenger Car
  • Commercial Vehicles
Central High Mount Stop Lamp Market By Region
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
Key Market Players
Key Market Players

FLEX-N-GATE CORPORATION, Magneti Marelli, OSRAM LIGHTING PRIVATE LIMITED, Excellence Optoelectronics Inc., Crown Automotive Sales Co. Inc., Hella KGaA Hueck & Co., North American Lighting, Inc., ICHIKOH INDUSTRIES, LTD, Grote Industries, Inc., Altair Engineering, Inc.

Loading Table Of Content...

Individual sections of the reports are available for purchase.
Would you like to see a breakdown of prices by section?

Central High Mount Stop Lamp Market

Global Opportunity Analysis and Industry Forecast, 2022-2032