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Automotive Ambient Lighting Market To Reach about $7,088 Million by 2030

09-22-2022 07:22 AM CET | Logistics & Transport

Press release from: P&S Intelligence

Automotive Ambient Lighting Market To Reach about $7,088

The total value of the automotive ambient lighting market was about $3,204 million in 2021 and will reach about $7,088 million by 2030, at a growth rate of above 9% in the years to come. The APAC industry is mainly driven by the increasing requirement for economy automobiles, which are main consumers of reading lights, roof console lights, and car body lights.

Market Overview@

LED technology had the largest share of revenue in 2021, at around 72%. The growing need for LED lighting solutions has become a prominent trend since an LED light eats up 50% less energy for giving out the same light as CFLs and CCFLs. The decreased electricity use can straight decrease yearly CO2 emissions by approximately700 mmt. Also, LEDs do not produce UV rays and are considered environment-friendly.

Dashboard lights will have the largest demand in the automotive ambient lighting market in the near future, with the fastest growth of around, 10%, in the future. With the increase in the fitting of ambient lighting because of the snowballing emphasis on ease and luxury, the demand for dashboard ambient lighting will grow at a high pace, which will additionally assist the industry to boom around the world.

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Heads-up displays will also show considerable growth in the years to come. The growing necessity for displaying vehicle info to drivers without generating a distraction is related to the growth of the industry.

North America is the third-highest generator of revenue in the industry. The North America industry was about $634 million in the year 2021 and will reach a value above $1,343 million by the year 2030, growing at a rate of around 9%in the years to come. The government's actions to hearten the acceptance of autonomous and connected cars will improve the acceptance rate of ambient lighting systems in the whole of North America.

About P&S Intelligence

P&S Intelligence provides market research and consulting services to a vast array of industries across the world. As an enterprising research and consulting company, P&S believes in providing thorough insights on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. P&S keeps the interest of its clients at heart, which is why the insights we provide are both honest and accurate. Our long list of satisfied clients includes entry-level firms as well as multi-million-dollar businesses and government agencies.

P&S Intelligence
Phone: +1-347-960-6455

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