The global automotive interior ambient lighting system market is worth US$ 3.1 Billion as of now and is expected to reach US$ 4.67 Billion by the year 2030 at a CAGR of 5.4% between 2022 and 2030.
Key Takeaways from Automotive Interior Ambient Lighting System Market
- North America holds the largest market share due to rise in sales of luxury cars witnessed by the US.
- Europe holds a significant market share with Germany leading from the front. It’s a known fact that Germany is home to Europe’s maximum OEMs. The US is the major importer of these automobiles.
- Coming to the Asia-Pacific, Japan leads the automotive interior ambient lighting system market. This could be attributed to organic expansion herein. For instance – Denso Corporation has expanded the manufacturing capacity by going for an extra production facility at Denso Fukushima location (Tamura city, Japan). China is known for supplying the major share of automobile components to the world.
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Ambient lighting does add to the aesthetic appeal of the vehicle. Stylish interior thus helps in visual appeasement. The driver could also obtain visual comfort with regards to identification of dashboard as well as instrument panel, especially at night. This, thereby, does illuminate compartment of passengers by helping individuals read properly at night. Above all, interior ambient lighting helps in creating brand-oriented atmosphere, behavior, and mood in an otherwise ‘clumsy’ car interior.
Compactness is the key benefit offered by automotive interior ambient lighting system market. Usage of ambient lighting on footwell does enhance overall ambience and illuminates the brakes when it’s an emergency or even during night drives. The other application areas are inclusive of headliners, glove boxes, overhead consoles, and trunks or rear seats. This type of lighting creates wonders in both – green and conventional cars. The green cars include PHEVs (Plug-in Hybrid Electric vehicles) and BEVs (Battery Electric Vehicles). The conventional ones include road vehicles or passenger cars like sedans, SUVs, luxury cars, and vans.
At the same time, the fact that OEMs charge extra to install ambient lighting for differentiating the high-end vehicles can’t be ignored. This factor could restrain the automotive interior ambient lighting system market in the forecast period. Future Market Insights has entailed these facts with future perspectives in its latest market study entitled ‘Automotive Interior Ambient Lighting System Market’.
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Competitive Lighting System
- Toyoda Gosei, in December 2021, developed full color LED lamps to cater to vehicle interior applications.
- Everlight Electronics Co., Ltd., in June 2019, tabled horticulture lighting with UV series components at Guangzhou International Lighting Exhibition for meeting requirements related to agriculture lighting.
- LSI Industries Inc., in May 2019, put forth Mirada family series of the performance built architectural lighting at ‘LightFair International 2019’.
- In June 2021, Faurecia acquired a Scottish company. To develop flexible, advanced technology which is well-suited to a range of HMI (Human Machine Interface) and automotive lighting applications.
- Marelli, in March 2022, did develop 3D Shaped Rear Lamp for BMW 2 series. This rear lamp’s tail function is that of extending support to the styling concept of the car.
- OSRAM, in October 2020, produced the very first LED-based automotive retrofit lamps for the market of Germany. This Night Breaker LED H7 is thrice brighter as compared to minimal legal requirements and is at par with daylight (as far as color is concerned). The characteristics include creation of strong contrasts, and consumption of less energy. It’s actually a cheaper retrofit alternative to the LED Headlight systems.
- OSRAM, in December 2021, tabled Oslon Black Flat X family of the LEDs.
“With growing demand for luxury vehicles, enhancements in automotive vertical, and growing demand for LEDs in the cars, the global automotive interior ambient lighting system market is bound to grow on a grand note in the near future”, says an analyst from Future Market Insights.
How does the Report unfold?
- The research study is based on by technology (LED and likewise), by vehicle type (compact, sedan, executive, SUV/MUV, luxury, sports, LCV, and HCV), by application (center console and dashboard, doors, roof, floor, and others), and by sales channel (OEM and aftermarket).
- With increasing number of automotive fleet and progressions in the automotive sector, the global automotive interior ambient lighting system market is slated to grow at a decent rate in the forecast period.
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Automotive Interior Ambient Lighting System Market by Category
By Technology, the Automotive Interior Ambient Lighting System Market is segmented as:
- LED
- Others
By Vehicle Type, the Automotive Interior Ambient Lighting System Market is segmented as:
- Compact
- Sedan
- Executive
- SUV/MUV
- Luxury
- Sports
- LCV
- HCV
By Application, the Automotive Interior Ambient Lighting System Market is segmented as:
- Centre Console and Dashboard
- Doors
- Roof
- Floor
- Others
By Sales Channel, the Automotive Interior Ambient Lighting System Market is segmented as:
- OEM
- Aftermarket
By Region, the Automotive Interior Ambient Lighting System Market is segmented as:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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