Ambiance Lighting Market Size & Share for Automotive- Industry Trend and Forecast 2017 - 2025

The report analyzes and presents an overview of "Ambiance Lighting Market for Automotive - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017 - 2025" worldwide.

The main objective of this report is to define, describe, and forecast the global “Ambiance Lighting Market for Automotive” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.

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Automotive ambiance lighting primarily includes lights that are integrated into the interior of a vehicle to assist visibility during specific period and time, mostly in night travel. The automotive ambiance lighting systems lend a superior esthetical appearance to the interior of a vehicle and provides a sense of broad in-cabin feeling, in addition to the practical benefits. Ambiance lighting concerns more to the indirect inside lights than to the panel lights that offer the driver a feel of spaciousness and orientation as well as feeling of comfort and safety. Ambiance lighting delivers an aroused atmosphere and, according to manufacturers, links together interior and exterior lighting setting for the driver for reduced levels of driving fatigue. Ambiance lighting is presently included as a part of the inventive brake- and turn-lighting applications, backlight displays, possession detection, and night vision mode. Ambiance lighting creates an impact on the driving experience as well as a certain impression. Ambiance lighting systems also insure the safety of the passengers and the driver, as they assists in the efficient visibility of instruments such as the control panel for drivers during low visibility.

The key factors driving the market growth include increasing penetration of ambiance lighting in low to mid-segment vehicles, inclination toward luxury, and increasing vehicle production. The improving economic condition of developing regions such as Asia Oceania has boosted the market for premium vehicles, which are equipped with ambiance lighting.

The global ambiance lighting market for automotive can be segmented based on application, vehicle, electric vehicle, sales channel, and region. In terms of application, the ambiance lighting market for automotive can be classified into footwell segment and other three segment. The footwell ambiance lighting segment is projected to account for a prominent share of the market during the forecast period, as it helps improve the visibility of the foot area, and is also highly common application of ambiance lighting. However, the other segments are expected to expand at a significant growth rate, owing to the increased installation of ambiance lighting and sale of premium cars.

In terms of vehicle, the ambiance lighting market for automotive can be divided into passenger vehicle and commercial vehicle. The passenger vehicle segment is anticipated to account for a major share of the ambiance lighting for automotive market, followed by light commercial vehicle and heavy commercial vehicle segments, during the forecast period. Rise in interest of various automotive manufacturers in the usage of automotive exterior and internal decorative components is estimated to boost the production of ambiance lighting market for automotive.

Based on electric vehicle, the ambiance lighting market for automotive can be segregated into battery electric vehicle, and other two vehicle segment. Rise in government initiatives to promote green vehicles is projected to drive the global ambiance lighting market for automotive during the forecast period. Demand for ambiance lighting is high in the production of electric vehicles and hybrid vehicles. Governments of various countries such as China and those in Europe are increasingly encouraging the purchase of low-emission electric and hybrid cars, as they help protect the environment by limiting vehicular emissions. Additionally, government subsidies such as tax exemptions and designated parking spaces for electric car buyers in Europe are also driving people to opt for electric and hybrid vehicles. This, in turn, is likely to propel the demand for ambiance lighting market for automotive in the near future.

Based on sales channel, the ambiance lighting market for automotive can be split into OEM, aftermarket. In terms of revenue, the aftermarket segment is estimated to dominate the global ambiance lighting market for automotive, with sales expected to increase rapidly between 2017 and 2025. The aftermarket segment is likely to present significant opportunities for the market, as the working span of ambiance lighting being limited to a few thousand hours. The OEM segment of the ambiance lighting market for automotive is anticipated to expand at a relatively lower growth rate during the forecast period.

Based on geography, the global ambiance lighting market for automotive can be classified into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. In terms of demand, Asia Pacific accounts for a major share of the ambiance lighting market for automotive, since the region is a major production hub for the automotive industry, primarily for low and mid-segment cars. Demand for ambiance lighting for automotive is also anticipated to rise owing to the increase in production of vehicles in the region. Therefore, the market in Asia Pacific is estimated to hold a prominent market share for ambiance lighting market for automotive during the forecast period. The expansion can be majorly attributed to the considerable number of vehicles manufactured in China and the rising demand for premium vehicles, which in turn has resulted in the increase in demand for ambiance lighting market for automotive. Moreover, rising disposable income of people in this region is also a major factor driving the market. The market in North America is expected to follow Asia Pacific, in terms of share of the market, in the near future, owing to the high demand for luxury cars equipped with ambiance lighting. Moreover, the increasing purchasing power of consumers is also boosting the market in the region.

Key players operating in the global ambiance lighting market for automotive include HELLA KGaA Hueck & Co., OSRAM Licht AG, Grupo Antolin, Federal-Mogul LLC, and Koito Manufacturing Co., Ltd. Among these, HELLA KGaA Hueck & Co.is one of the top players in this market with a vast product portfolio and supplies ambiance lighting systems to automaker companies such as BMW AG, Ford Motor Company, and Daimler AG.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

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