Third Brake Lights Market Synopsis

Third Brake Lights Size Was Valued at USD 3.5 Billion in 2023, and is Projected to Reach USD 5.91 Billion by 2032, Growing at a CAGR of 6% From 2024-2032.

The third brake lights market is a part of the automatic industry which deals with the manufacturing, supply, and sales of different third brake lights, or in other words, the center high mount stop lamp (CHMSL). These lights are placed above the standard brake lights on cars and generally at eye level or effectively above the rear window. Their most important use is as warning devices to vehicles behind to increase visibility and safety by alerting the driver behind when the vehicle in front is applying brakes hence preventing crushes from the back.

• The global third brake lights market has been on the rise for the past few years due to some factors such as the road safety laws, the consumers’ knowledge regarding the vehicle’s safety components, and the further development of the automobile lighting industry. Also the increasing cars production and sales globally enhance the development of this market.
• The factor that is one of the major contributors in the market growth is the safety policies and mandates laid down by different governments and government organizations across different regions. These regulations require all vehicles to have third brake lights that enhance safety and help minimize the number of accidents on such roads. Consequently, car manufacturers are forced to incorporate these lights on their cars, which helps increase sales of third brake lights.
• In addition, there is an increasing concern among consumers about vehicle safety and the development of safety technologies in automobiles, which shifts consumers’ preferences toward cars with advanced safety technologies such as third brake lights.
• People are gradually tuning their minds towards buying safer cars that have high visibility and third brake lights are gradually finding a stable market for selling their products.
• Third, developments in technology for automotive lighting, including an increased focus on the introduction of LED (Light Emitting Diode) and OLED (Organic Light Emitting Diode) lighting in rear lighting, have positively influenced the performance, efficiency, and durability of third brake lights. Due to these technological developments the incorporation of unique lighting options for automobiles is possible especially within the third brake lights market.
• Finally, the research shows that the global third brake lights market sales volume would keep increasing with a swift pace in the next few years.
• The safety concerns currently prevalent among consumers as well as the respective regulatory bodies are likely to ensure the high popularity of automobiles featuring third brake light in the future, which will stimulate the development of this market.

Third Brake Lights Market Trend Analysis

LED (Light Emitting Diode) technology continues to dominate the third brake lights market.

• Using the LED (Light Emitting Diode) technology has been a great advancement within the automotive industry and particularly in its third brake light applications. These miniature lights that consume little energy and last long have been the preferred lights for automobiles in all parts of the globe.
• There is a single major factor that can explain why LED products are taking the lead – they demonstrate better characteristics than simple incandescent lamps. LEDs provide more brightness and this can improve driver’s visibility especially under rainy or foggy conditions or during darkness. This makes it easier for other motorists to spot the vehicle, thereby minimizing the risk of a rear-end collision.
• Furthermore, LED third brake lights possess much sturdier construction in relation to incandescent alternatives. LED bulbs also last so much longer – typically measured in tens of thousands of hours as opposed to the traditional incandescent bulbs – meaning owners of vehicles using LED bulbs spend much less on maintenance costs.
• The effectiveness of LEDs also resonates with the concern for sustainability that the automotive industry is currently taking seriously. LEDs require less energy; therefore they are better for environmental conservation by consuming lesser power in the vehicle.
• Moreover, LED third brake lights are more ideal for designers and can be easily styled using various customization features. These lights can be easily incorporated in any designing car, which helps the automobile makers in developing the unique and attractive arrangements of the brake light in a car.

Third brake lights market is their integration with advanced driver assistance systems (ADAS).

• The integration of the third brake light with the ADAS is a new advancement in the automobile sector and has affected the improvement of vehicle safety systems. Through offering help as well as providing cautions in numerous driving scenarios, the range of technologies that comes with ADAS seek to further increase both comfort and safety of the driver.
• One of the most important aspects of this integration includes the correlation between collision avoidance systems and third party brake indicators. The third brake light that is more common in vehicles that are equipped with the ADAS system may flash repeatedly in case the car’s system detects an oncoming collision or sudden slowing down of the car, which may help the operator of a car and other drivers see the nearing danger. This synchronized warning enhances the control of vehicle movements by increasing situational awareness to avoid rear end collisions.
• Moreover, AEB systems and other ADAS functionalities may include third-party brake lights. Therefore, with an AEB system initiated to reduce the risk of collision, the third brake light could illuminate more intensely, or flash more rapidly for additional blink patterns, to increase visibility for the drivers and/or pedestrians of oncoming vehicles for overall safety.
• Third brake indicators in ADAS also help to develop more advanced intervehicle communication technologies, besides the above. Other future possibilities are the introduction of the vehicle-to-vehicle communication, using which the ADAS-equipped vehicles can communicate information related to deceleration intention and status among other things for the purpose of effective collision avoidance and traffic flow management.
• On the whole, the fact that third brake lights are incorporated into ADAS implies that there has been an endeavor by the automotive industry and the safety systems’ manufacturers to employ advanced technologies and overcome visibility and communication barriers in vehicles to enhance road safety. This rising trend in the adoption of ADAS will make it critical to connect third-party brake lights to these systems to better leverage the advantages they provide for improving road safety.

Third Brake Lights Market Segment Analysis:

Third Brake Lights Market is Segmented on the basis of Type and Application

By Type, Gas Brake Light segment is expected to dominate the market during the forecast period.

• The market for automotive brake lights can be further segmented by type – which includes gas brake lights and LED brake lights – and third brake lights is expanding rapidly. There is a rise in the use of LED brake lights because of the energy conservation, longer lifetime, and brighter light that they emit when contrasted with gas brake lights. This is further supported by factors such rising awareness about energy conservation and the improvement of the lighting technology.
• Moreover, the third brake lights, or the centre high mount stop lamps (CHMSL), that are required in most regions, contributed to the growth in safety features offered in vehicles. They help increase visibility and prevent cars behind from hitting theirs when the latter slow down or stop.
• Some of the factors that have an impact on the market are for instance automotive manufacturing, safety standards and customers’ responsiveness to the appearance and features of cars and other vehicles. Due to the constant evolution of the field and the increasing number of automotive manufacturers focusing on the introduction of more advanced lighting systems for cars, the brake light market is expected to continue on a positive trend.

By Application, OEMs segment held the largest share in 2023

Third brake light market by application – Growth rate, Revenue, Major Players – OEM, Aftermarket. Automakers are another important customer for third brake light because these elements are mounted in vehicles during their production to make the transport safe. In addition, many OEMs focus on high-quality and well-controlled parts, which are essential for cars to work properly and comply with legal requirements.

On the other hand, the aftermarket segment is also witnessing significant growth due to factors like vehicle modifications, repair or replacement of defective or obsolete parts, and increased demand for safer cars and trucks. Buyers look into aftermarket third brake lights for their reliability, design choices, and functions over and above legality.

Some of the relevant factors in the market dynamics include automotive production trends, safety regulations, consumer preferences, and development of the lighting systems in vehicles. Increasing knowledge about safety measures and inspiration to follow vehicle customization patterns in the future will lead to an evolution of both the OEM third brake light market and the aftermarket third brake light market.

Third Brake Lights Market Regional Insights:

Asia Pacific Third Brake Lights Market is expected to register the fastest growth in CAGR over the forecast period.

• The Asia Pacific region is expected to be the third brake lights market leader with a higher CAGR during the forecast period.
• The centre high mount stop lamp (CHMSL) or third brake lights serves the vital function of giving a signal to the following motor vehicle that the vehicle ahead has applied its brakes.
• The following are some of the factors that will lead to an increased demand for third brake lights in the Asia pacific. The growth in the automobile industry and the high population rate in highly populated cities thus causing high road fatalities are some of the factors that is responsible for the high rate of road safety equipment consumption. Moreover, the emergence of strict government requirements that dictate the need for vehicles to have a third brake light also contributes to overall market expansion.
• In addition, the technology used to improve the automotive lighting, through the increased use of light-emitting diodes (LEDs) for brightening and energy-saving purposes, is further promoting the acceptability of third brake lights among automotive manufacturers and customers.
• Many countries such as China, India, Japan, and South Korea are expected to be the key drivers of the region’s growth powered by the growing automotive industry and an increase in the disposable income.
• In conclusion, the overall Asia Pacific third brake lights market will see substantial growth due to numerous factors and developments, ranging from legal requirements to new technology applications and initiatives to promote car safety and the driving experience through enhanced car production.

Active Key Players in the Third Brake Lights Market

• Dorman (United States)
• Anzo (United States)
• Koito (Japan)
• Magneti Marelli (Italy)
• Valeo (France)
• Hella (Germany)
• Stanley Electric (Japan)
• Ichikoh (Japan)
• ZKW Group (Austria)
• SL Corporation (South Korea)
• Varroc (India)
• TYC (Taiwan)
• DEPO (Taiwan)
• Xingyu (China)
• Hyundai IHL (South Korea)
• Others Key Players

1. INTRODUCTION
   1. RESEARCH OBJECTIVES
   2. RESEARCH METHODOLOGY
   3. RESEARCH PROCESS
   4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
   5. MARKET SEGMENTATION
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW
4. GROWTH OPPORTUNITIES BY SEGMENT
5. MARKET LANDSCAPE
   1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power Of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
   2. INDUSTRY VALUE CHAIN ANALYSIS
   3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   4. MARKET TREND ANALYSIS
   5. REGULATORY LANDSCAPE
   6. PESTLE ANALYSIS
   7. PRICE TREND ANALYSIS
   8. PATENT ANALYSIS
   9. TECHNOLOGY EVALUATION
   10. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
       1. Geopolitical Market Disruptions
       2. Supply Chain Disruptions
       3. Instability in Emerging Markets
   11. ECOSYSTEM
6. LUXURY GOODS MARKET BY TYPE (2017-2032)
   1. LUXURY GOODS MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. SE GAS BRAKE LIGHT
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. LED BRAKE LIGHT
7. LUXURY GOODS MARKET BY APPLICATION (2017-2032)
   1. LUXURY GOODS MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. OEMs
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. AFTERMARKET
8. COMPANY PROFILES AND COMPETITIVE ANALYSIS
   1. COMPETITIVE LANDSCAPE
      1. Competitive Positioning
      2. Luxury Goods Market Share By Manufacturer (2023)
      3. Industry BCG Matrix
      4. Heat Map Analysis
      5. Mergers & Acquisitions
   2. C DORMAN (UNITED STATES)
      1. Company Overview
      2. Key Executives
      3. Company Snapshot
      4. Role of the Company in the Market
      5. Sustainability and Social Responsibility
      6. Operating Business Segments
      7. Product Portfolio
      8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
      9. Key Strategic Moves And Recent Developments
      10. SWOT Analysis
   3. ANZO (UNITED STATES)
   4. KOITO (JAPAN)
   5. MAGNETI MARELLI (ITALY)
   6. VALEO (FRANCE)
   7. HELLA (GERMANY)
   8. STANLEY ELECTRIC (JAPAN)
   9. ICHIKOH (JAPAN)
   10. ZKW GROUP (AUSTRIA)
   11. SL CORPORATION (SOUTH KOREA)
   12. VARROC (INDIA)
   13. TYC (TAIWAN)
   14. DEPO (TAIWAN)
   15. XINGYU (CHINA)
   16. HYUNDAI IHL (SOUTH KOREA)
9. GLOBAL LUXURY GOODS MARKET BY REGION
   1. OVERVIEW
   2. NORTH AMERICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Type
      4. Historic And Forecasted Market Size By Application
      5. Historic And Forecasted Market Size By Segment3
      6. Historic And Forecasted Market Size By Segment4
      7. Historic And Forecasted Market Size By Segment5
      8. Historic And Forecasted Market Size By Segment6
      9. Historic And Forecasted Market Size By Country
         1. USA
         2. Canada
         3. Mexico
   3. EASTERN EUROPE
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
         1. Russia
         2. Bulgaria
         3. The Czech Republic
         4. Hungary
         5. Poland
         6. Romania
         7. Rest Of Eastern Europe
   4. WESTERN EUROPE
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
         1. Germany
         2. United Kingdom
         3. France
         4. The Netherlands
         5. Italy
         6. Spain
         7. Rest Of Western Europe
   5. ASIA PACIFIC
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
         1. China
         2. India
         3. Japan
         4. South Korea
         5. Malaysia
         6. Thailand
         7. Vietnam
         8. The Philippines
         9. Australia
         10. New-Zealand
         11. Rest Of APAC
   6. MIDDLE EAST & AFRICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
         1. Turkey
         2. Bahrain
         3. Kuwait
         4. Saudi Arabia
         5. Qatar
         6. UAE
         7. Israel
         8. South Africa
   7. SOUTH AMERICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
         1. Brazil
         2. Argentina
         3. Rest of South America
10. INVESTMENT ANALYSIS
11. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. THIRD BRAKE LIGHTS MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. THIRD BRAKE LIGHTS MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. THIRD BRAKE LIGHTS MARKET COMPETITIVE RIVALRY
TABLE 005. THIRD BRAKE LIGHTS MARKET THREAT OF NEW ENTRANTS
TABLE 006. THIRD BRAKE LIGHTS MARKET THREAT OF SUBSTITUTES
TABLE 007. THIRD BRAKE LIGHTS MARKET BY TYPE
TABLE 008. GAS BRAKE LIGHT MARKET OVERVIEW (2016-2028)
TABLE 009. LED BRAKE LIGHT MARKET OVERVIEW (2016-2028)
TABLE 010. THIRD BRAKE LIGHTS MARKET BY APPLICATION
TABLE 011. OEMS MARKET OVERVIEW (2016-2028)
TABLE 012. AFTERMARKET MARKET OVERVIEW (2016-2028)
TABLE 013. NORTH AMERICA THIRD BRAKE LIGHTS MARKET, BY TYPE (2016-2028)
TABLE 014. NORTH AMERICA THIRD BRAKE LIGHTS MARKET, BY APPLICATION (2016-2028)
TABLE 015. N THIRD BRAKE LIGHTS MARKET, BY COUNTRY (2016-2028)
TABLE 016. EUROPE THIRD BRAKE LIGHTS MARKET, BY TYPE (2016-2028)
TABLE 017. EUROPE THIRD BRAKE LIGHTS MARKET, BY APPLICATION (2016-2028)
TABLE 018. THIRD BRAKE LIGHTS MARKET, BY COUNTRY (2016-2028)
TABLE 019. ASIA PACIFIC THIRD BRAKE LIGHTS MARKET, BY TYPE (2016-2028)
TABLE 020. ASIA PACIFIC THIRD BRAKE LIGHTS MARKET, BY APPLICATION (2016-2028)
TABLE 021. THIRD BRAKE LIGHTS MARKET, BY COUNTRY (2016-2028)
TABLE 022. MIDDLE EAST & AFRICA THIRD BRAKE LIGHTS MARKET, BY TYPE (2016-2028)
TABLE 023. MIDDLE EAST & AFRICA THIRD BRAKE LIGHTS MARKET, BY APPLICATION (2016-2028)
TABLE 024. THIRD BRAKE LIGHTS MARKET, BY COUNTRY (2016-2028)
TABLE 025. SOUTH AMERICA THIRD BRAKE LIGHTS MARKET, BY TYPE (2016-2028)
TABLE 026. SOUTH AMERICA THIRD BRAKE LIGHTS MARKET, BY APPLICATION (2016-2028)
TABLE 027. THIRD BRAKE LIGHTS MARKET, BY COUNTRY (2016-2028)
TABLE 028. DORMAN: SNAPSHOT
TABLE 029. DORMAN: BUSINESS PERFORMANCE
TABLE 030. DORMAN: PRODUCT PORTFOLIO
TABLE 031. DORMAN: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 031. ANZO: SNAPSHOT
TABLE 032. ANZO: BUSINESS PERFORMANCE
TABLE 033. ANZO: PRODUCT PORTFOLIO
TABLE 034. ANZO: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 034. KOITO: SNAPSHOT
TABLE 035. KOITO: BUSINESS PERFORMANCE
TABLE 036. KOITO: PRODUCT PORTFOLIO
TABLE 037. KOITO: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 037. MAGNETI MARELLI: SNAPSHOT
TABLE 038. MAGNETI MARELLI: BUSINESS PERFORMANCE
TABLE 039. MAGNETI MARELLI: PRODUCT PORTFOLIO
TABLE 040. MAGNETI MARELLI: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 040. VALEO: SNAPSHOT
TABLE 041. VALEO: BUSINESS PERFORMANCE
TABLE 042. VALEO: PRODUCT PORTFOLIO
TABLE 043. VALEO: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 043. HELLA: SNAPSHOT
TABLE 044. HELLA: BUSINESS PERFORMANCE
TABLE 045. HELLA: PRODUCT PORTFOLIO
TABLE 046. HELLA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 046. STANLEY ELECTRIC: SNAPSHOT
TABLE 047. STANLEY ELECTRIC: BUSINESS PERFORMANCE
TABLE 048. STANLEY ELECTRIC: PRODUCT PORTFOLIO
TABLE 049. STANLEY ELECTRIC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 049. ICHIKOH: SNAPSHOT
TABLE 050. ICHIKOH: BUSINESS PERFORMANCE
TABLE 051. ICHIKOH: PRODUCT PORTFOLIO
TABLE 052. ICHIKOH: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 052. ZKW GROUP: SNAPSHOT
TABLE 053. ZKW GROUP: BUSINESS PERFORMANCE
TABLE 054. ZKW GROUP: PRODUCT PORTFOLIO
TABLE 055. ZKW GROUP: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 055. SL CORPORATION: SNAPSHOT
TABLE 056. SL CORPORATION: BUSINESS PERFORMANCE
TABLE 057. SL CORPORATION: PRODUCT PORTFOLIO
TABLE 058. SL CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 058. VARROC: SNAPSHOT
TABLE 059. VARROC: BUSINESS PERFORMANCE
TABLE 060. VARROC: PRODUCT PORTFOLIO
TABLE 061. VARROC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 061. TYC: SNAPSHOT
TABLE 062. TYC: BUSINESS PERFORMANCE
TABLE 063. TYC: PRODUCT PORTFOLIO
TABLE 064. TYC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 064. DEPO: SNAPSHOT
TABLE 065. DEPO: BUSINESS PERFORMANCE
TABLE 066. DEPO: PRODUCT PORTFOLIO
TABLE 067. DEPO: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 067. XINGYU: SNAPSHOT
TABLE 068. XINGYU: BUSINESS PERFORMANCE
TABLE 069. XINGYU: PRODUCT PORTFOLIO
TABLE 070. XINGYU: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 070. HYUNDAI IHL: SNAPSHOT
TABLE 071. HYUNDAI IHL: BUSINESS PERFORMANCE
TABLE 072. HYUNDAI IHL: PRODUCT PORTFOLIO
TABLE 073. HYUNDAI IHL: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. THIRD BRAKE LIGHTS MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. THIRD BRAKE LIGHTS MARKET OVERVIEW BY TYPE
FIGURE 012. GAS BRAKE LIGHT MARKET OVERVIEW (2016-2028)
FIGURE 013. LED BRAKE LIGHT MARKET OVERVIEW (2016-2028)
FIGURE 014. THIRD BRAKE LIGHTS MARKET OVERVIEW BY APPLICATION
FIGURE 015. OEMS MARKET OVERVIEW (2016-2028)
FIGURE 016. AFTERMARKET MARKET OVERVIEW (2016-2028)
FIGURE 017. NORTH AMERICA THIRD BRAKE LIGHTS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 018. EUROPE THIRD BRAKE LIGHTS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 019. ASIA PACIFIC THIRD BRAKE LIGHTS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 020. MIDDLE EAST & AFRICA THIRD BRAKE LIGHTS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 021. SOUTH AMERICA THIRD BRAKE LIGHTS MARKET OVERVIEW BY COUNTRY (2016-2028)