Automotive Interior Ambient Lighting Market, by Vehicle Type (Conventional Cars and Green Cars), Application Type (Dashboard, Footwell, Doors, and Others), and Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The UK, Russia, and Rest of Europe], Asia-Pacific [China, Japan, South Korea, India, and Rest of Asia-Pacific], and Rest of the World [Brazil, Saudi Arabia, and Others]).
Automotive Interior Ambient Lighting Market, by Vehicle Type (Conventional Cars and Green Cars), Application Type (Dashboard, Footwell, Doors, and Others), and Region (North America [The USA, Canada, and Mexico], Europe...
"The global automotive interior ambient lighting market is estimated to grow from USD 3.3 billion in 2022 to USD 5 billion by 2028 at a healthy CAGR of 6.91% during the forecast period."
Automotive interior ambient lighting is lighting that provides comfort, safety, and convenience to the driver and passengers inside a vehicle. Ambient lighting enhances the attractiveness of a vehicle and helps to create a stylish interior at affordable prices. The benefits of automotive ambient lighting include increased driver safety, comfort, and convenience. It not only improves the driver's ability to identify the dashboard and instrument panel while driving at night, but it also illuminates the passenger compartment, allowing people to read at night.
Some of the factors that are driving the Automotive Interior Ambient Lighting Market include: Changing consumer preferences towards luxurious cars and a rise in the use of interior ambient lighting in passenger cars. The Automotive Interior Ambient Lighting Market has also been boosted by the increasing sale of passenger cars in developing countries. A strong market leader, owing to energy-efficient, long-lasting LED lights, robust, aftermarket customization; and the need to increase consumer comfort is a major driver. Market growth is also driven by the sales of luxury cars in North America, and the high adoption rates in the Asia-Pacific region, coupled by developments in technology in relation to interior ambient lighting systems.
New product development: The market is still relatively new, which means there is an opportunity for businesses to develop new and innovative ambient lighting products. For example, businesses could develop ambient lighting products that are integrated with other vehicle functions, such as the climate control system or the entertainment system.
Expansion into new markets: The automotive interior ambient lighting market is growing rapidly in emerging markets, such as China and India. Businesses that expand into these markets could see significant growth.
Aftermarket sales: The aftermarket sales of automotive interior ambient lighting products are also growing rapidly. Businesses that sell aftermarket ambient lighting products could capitalize on this trend.
COVID-19 Impact
The market experienced a decline following the pandemic's outbreak in 2020. The wrath of the pandemic frazzled the automotive industry. The demand for automotive interior ambient lighting plummeted as a result of supply chain disruptions, cash flow constraints, and temporary shutdowns in manufacturing facilities.
"The conventional cars segmentaccounted for the largest market share."
The market is bifurcated into conventional cars and green cars. Conventional cars occupied a significant share in 2022 and are expected to account for the major share of the market during the forecast period. Conventional cars include passenger cars or road vehicles such as vans, luxury cars, SUVs, and sedans that are majorly used for passenger transportation. Green cars, on the other hand, are expected to register a higher CAGR over the forecast period due to their rising demand and stringent regulations and laws to protect the environment from harmful greenhouse gases.
Application Trends
"The dashboard ambient lightingsegmentaccounted for the largest market share."
The market is segmented into dashboards, footwells, doors, and others. Dashboard ambient lighting held a significant market share in 2022 & is likely to remain the dominant segment during the forecast period. The segment's growth can be attributed to the increasing sales of ultra-luxury vehicles, as well as the fact that dashboard lighting illuminates and improves recognition of controls and switches on a dashboard and instrument panel, eliminating the need for manual feeding controls during night drives. It also increases alertness while decreasing stress, dizziness, and eye strain. Also, footwell applications are expected to record significant growth during the forecast period. Ambient lighting on the footwell improves the visibility of objects on the footwell and illuminates brakes for night driving and emergency situations.
Regions Insights
"North Americaaccounted for the largest market share."
North American automotive interior ambient lighting market dominated the market with a significant share in 2022 & is expected to remain the largest region in the market during the forecast period.The region's market is driven by the increasing sales of luxury vehicles and the incorporation of ambient lighting in all mid-segment and premium vehicles. The presence of key luxury vehicle manufacturers in North America is expected to fuel regional market growth. Furthermore, Asia-Pacific is expected to grow at the highest CAGR during the forecast period due to a surge in vehicle production and sales in China and India.
Most companies are deploying various strategies regarding product development & differentiation, pricing, branding, technology, and customized products to gain a competitive advantage.
The following are some of the key players in the automotive interior ambient lighting market:
Note: The above list does not necessarily include all the top players in the market.
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Report Features
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How big is the sales opportunity?
In-depth analysis of the automotive interior ambient lighting market
How lucrative is the future?
The market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional and country-level historical data and forecasts
Which are the most attractive market segments?
Market segment analysis and Forecast
Which are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
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This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the automotive interior ambient lighting market.
By Vehicle Type
Conventional Cars
Green Cars
By Application Type
Dashboard
Footwell
Doors
Others
By Region
North America (Country Analysis: The USA, Canada, and Mexico)
Europe (Country Analysis: Germany, France, The UK, Russia, Italy, and Rest of Europe)
Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
Rest of the World (Country Analysis: Brazil, Argentina, and Others)
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s market realities and future market possibilities for the forecast period of 2023 to 2028. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
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Automotive interior ambient lighting is lighting that provides comfort, safety, and convenience to the driver and passengers inside a vehicle. Ambient lighting enhances the attractiveness of a vehicle and helps to create a stylish interior at affordable prices. The benefits of automotive ambient lighting include increased driver safety, comfort, and convenience. It not only improves the driver's ability to identify the dashboard and instrument panel while driving at night, but it also illuminates the passenger compartment, allowing people to read at night.
North America dominated the market with a significant share in 2022 & is expected to remain the largest region in the market during the forecast period.
Osram Licht AG, Hella KGaA Hueck & Co., Schott AG, Dräxlmaier Group, Philips Lighting N.V., Grupo Antolín, Texas Instruments Incorporated, Federal-Mogul Corporation, Pacific Insight Electronics Corp., and Valeo are some of the key players in the market.
With growing environmental concerns and a focus on sustainability, consumers are seeking energy-efficient solutions in various aspects of their lives, including their vehicles. The benefits of energy-efficient ambient lighting systems include reduced power consumption, a longer operational life, and lower heat generation
