Press release
Automotive Ambient Lighting Market Surges with Luxury Car Sales, Reaching $6.17B by 2028 within Forecast Period 2024-2033
Automotive Ambient Lighting Market Report
The automotive ambient lighting market size is expected to see strong growth in the next few years. It will grow to $6.17 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to electrification of vehicles, shift towards autonomous vehicles, rise of shared mobility, globalization of automotive markets, increased urbanization. Major trends in the forecast period include dynamic ambient lighting, health and well-being integration, AR/VR integration, ultra-thin lighting design, subscription-based lighting packages.
Market Overview -
The automotive ambient lighting refers to soft lighting around the vehicle's center console, door handles and handles, cup holders, and in some cases, the vehicle's dashboard and footwell. Surrounding interior lighting is usually considered a pure cosmetic feature that does not provide unique vehicle safety features. Most ambient lighting today is designed to reflect light sources from the inside, determine when the driver enters and exits the vehicle, manipulate driving controls, and affect mood, attention, and comfort.
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The Impressive Surge In High-End Luxury Car Sales
The growth of high-end luxury car sales is expected to propel the automotive lighting market. High-end luxury cars are vehicles with high-quality interiors and many features that are not found in normal cars. The increasing demand for high-end luxury cars resulted in the use of innovative and technologically advanced ambient lights to enhance the safety and security features of luxury cars. For instance, according to a sales report published in January 2022 by Germany-based Mercedes-Benz, a luxury vehicles company, Mercedes-Benz's plug-in hybrid and electric passenger car deliveries reached a new high of 227,458 units (+69.3 percent), with 48,936 Mercedes-EQ battery electric passenger cars (BEV) (+154.8 percent) from 2021. Therefore, the increase in luxury vehicle demand will drive the automotive ambient lighting market.
Competitive Landscape -
Major companies operating in the automotive ambient lighting market report are Robert Bosch GmbH, General Electric Company, Panasonic Corporation, Continental AG, Magna International Inc., Flex Ltd., Valeo SA, Lear Corporation, Texas Instruments Incorporated, Koninklijke Philips NV, Tenneco Inc., Parker Hannifin Corporation, Dräxlmaier Group, Koito Manufacturing Company Limited, Osram Licht AG, Gentex Corporation, ZKW Group GmbH, Varroc Lighting Systems SP Z.o.o, Stanley Electric Company Limited, Trilux GmbH & Co. KG, LSI Industries Inc., Innotec Group, Lumileds Holding B.V., Magneti Marelli SpA, Diode Dynamics LLC, Ambright GmbH, Oshino Lamps Limited, Pianfei Solano company, EFI Lighting SAS, Hella KGaA Hueck & Co., CML Innovative Technologies Ltd., Dominant Opto Technologies Sdn. Bhd., Grote Industries LLC, J.W. Speaker Corporation, Lite-On Technology Corporation, NXP Semiconductors N.V.
Tech Innovations Propel Automotive Ambient Lighting Trends
Technological advancements have emerged as the key trend gaining popularity in the automotive ambient lighting market. Major automotive lighting companies are introducing technologically advanced lights to reinforce their position in the market. For instance, in May 2022, Hella KGaA Hueck & Co., a Germany-based manufacturer of lighting, electronic components, and systems, launched a combination of lighting solutions and sensor technology that adds intelligence to the vehicle, improving comfort, well-being, and safety. This new smart HELLA Slim Light System supports communication between occupants and vehicle, setting the tone for the interior while enabling wide-area lighting.
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Key Segments -
The automotive ambient lighting market covered in this report is segmented -
1) By Product: Dashboard Lights, Ambient Lighting, Head-up Display, Reading Lights
2) By Technology: Halogen, LED, Xenon
3) By Vehicle Type: Passenger Vehicles, Commercial Vehicles, Heavy Commercial Vehicles
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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