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Attractive Market Opportunities in the Automotive Interior Surface Lighting Market by 2029
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Key Takeaways
A key trend witnessed in the automotive interior surface lighting market is the incorporation of smart connect technology via Bluetooth or Wi-Fi, known as wireless operated interior surface lighting.
Manufacturers are focusing on partnerships with car body modifiers (interior & exterior) in the aftermarket as these modifiers can significantly boost growth of the automotive interior surface lighting market. Additionally, key players are involved in designing vehicle specific interior ambient lights that enhance automotive interior aesthetics.
Lights guides are gaining traction in the global automotive interior surface lighting market due to its optimum cost and easy installation
In the passenger cars segment, luxury vehicles sub-segment is expected to dominate the market, and hold more than 50% of the market share of passenger car interior surface lighting in the forecast period.
Market Landscape Moving Towards Consolidation
The automotive interior surface lighting market is heavily technology-driven and is dominated by a handful of players with extensive R&D capabilities, brand image, and strong market presence. Tier-I manufacturers in the global automotive interior surface lighting market, Valeo SA, HELLA KGaA Hueck & Co, Toshiba Corporation, OSRAM Licht AG, Grupo Antolin, and Dräxlmaier Group, are focusing on mergers and acquisitions of smaller automotive interior lighting manufacturers. Partnerships with lighting technology providers and automotive component suppliers help them build on their product expertise and enhance market dominance.
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