Automotive Visual Signaling Equipment Market- Global Segments and Forecast Upto 2023

The automotive visual signaling equipment market has been advancing with significant changes in the global automotive industry. The automotive industry is gaining importance as a result of new car sales and the growing automotive aftermarket. Hence, the automotive signaling equipment market evolvement is expected in the near future.

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The automotive visual signaling equipment is not only confined to Original Equipment Manufacturer (OEM) parts but also forms an important part of the aftermarket operations which are carried to optimize the vehicle use. Such system uses a rear emitter that emits a laser beam towards the rear of the vehicle. The emitted beam from the equipped vehicle is projected in a direction opposite to the direction of the moving equipped vehicle. The beam is directed to the subsequent vehicle to inform it of the distance separating it from the front vehicle. Thus, the equipment hints about the safe distance that the following vehicle should be maintaining from the front equipped vehicle while running. Incorporation of visual signaling equipment in automobiles guarantees safety especially during foggy or rainy weather.

The key driver of automotive visual signaling equipment market is the growing concern for road safety issues. However, the information from automotive visual signaling equipment is of interest of the trailing vehicle only and supplies no beneficial information to the driver driving the vehicle equipped with such device. Such systems are undergoing modifications to add to their functionality such as providing information about the traffic on the road, travel data, front emitters among others.

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