Automotive Interior Ambient Lighting Market Analysis | 2023-2028

Market Insights

The automotive interior ambient lighting market was estimated at USD 3.3 billion in 2022 and is likely to grow at a CAGR of 6.91% during 2023-2028 to reach USD 5 billion in 2028.

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Market Dynamics

Introduction

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.

Market Drivers

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.

Segments Analysis

By Vehicle Type

"The conventional car segment accounted 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.

By Application Type

"The dashboard ambient lighting segment accounted 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 and 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 America accounted for the largest market share."

The North American automotive interior ambient lighting market dominated the market with a significant share in 2022 and 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.

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Key Players

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:

• Osram Licht AG
• Hella KGaA Hueck & Co.
• Schott AG
• Dräxlmaier Group
• Philips Lighting N.V.

Note: The above list does not necessarily include all the top players in the market.

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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.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors

Market Segmentation

This report studies the market, covering a period of 12 years of trends and forecasts. 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 market.

The automotive interior ambient lighting market is segmented into the following categories:

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)

Customization Options

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: product portfolio, geographical reach, regional presence, and strategic alliances.

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