Automotive Interior Lighting System Market Size to be Worth $4 billion by 2024 | Arizton

Arizton's recent market research report expects, global automotive interior lighting system market size to reach revenues of over $4 billion by 2024, growing at a CAGR of approximately 6% 2018–2024.

The global automotive interior lighting system market is driven by the increasing efforts to form regulations and guidelines for the autonomous driving platform in Europe and North America. The introduction of electric and hybrid vehicles will drive innovation in the global market. The market research report provides in-depth market analysis and segmental analysis of the global automotive interior lighting system market by product, vehicle, installation, and geography.

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The recent development of automotive exterior lighting systems comprising of headlamps, rear lamps, brake lights, and turn signals is leading the way for innovations in the global automotive interior lighting system market. The introduction of LEDs and OLEDs will lead to the revolution of interior car lights during the forecast period. The integration of navigation, entertainment, and ambient lighting systems will contribute to the rising demand in the global market. The growing popularity of functional lighting that includes roof consoles, reading lights and car body lighting will create lucrative opportunities for leading vendors operating in the market. These systems are designed to offer driving and enable easy operation of interior controls and elevate the driver’s mood, alertness, and comfort. Product differentiation is one of the main focus areas of OEMs operating in the global market. The companies are planning to integrate ambient lighting systems in mid-priced and economy cars to attract a large group of consumers. Aggressive plans by top manufacturers such as Daimler, Nissan, and Volvo to commercial electric vehicles in the market will propel the development of the market over the next few years. The integration of ADAS systems and rapid development of autonomous vehicle platform will boost the adoption of LED devices in the market. Government regulations that are promoting the electrification of vehicles will attribute to the revenues in the global automotive interior lighting system market.

The report considers the present scenario of the global automotive interior lighting system market and its market dynamics for the period 2019−2024. It covers a detailed overview of the various market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyzes the leading companies and other prominent companies operating in the market.

Major Vendors in the Global Automotive Interior Lighting System Market

Valeo
Hella
OSRAM
Bosch

Prominent Players in the Global Automotive Interior Lighting System Market

Grupo Antolin
SCHOTT
DRÄXLMAIER
Pacific Insight Electronics
Texas Instruments
EFI LIGHTING
Koninklijke Philips
CML Innovative Technologies
Innotec
Neolite ZKW
MENTOR
Faurecia
Sigma International
APAGCoSyst
Changzhou Xingyu Automotive Lighting System
Shanghai Sunlight Enterprise
OSHINO LAMPS
3M
Flex-N-Gate
Toyoda Gosei

Market Segmentation by Product

Roof Console
Reading Lights
Car Body Lighting
Ambient Lighting

Market Segmentation by Vehicle

Economy
Mid-priced
Luxury Vehicles

Market Segmentation by Installation Type

OEM
Aftermarket

Market Segmentation by Geography

APAC
China
Japan
India
Europe
Germany
UK
Spain
North America
US
Mexico
Canada
Latin America
Brazil
MEA
UAE
South Africa

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