Automotive Ambient Lighting Market Grow at a CAGR of 13.40%,Size,Share, Trends

Automotive ambient lighting is a feature that mainly uses interior lights to improve the inside design of the automobile and maybe even soothing passenger and driver. This feature delivers the lightning on the basis of the safety and security, according to the driver's mood and the vehicle's interior appearance. These lights are used in numerous types of vehicles such as commercial vehicles, passenger vehicles and heavy commercial vehicles.

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The automotive sector is increasing massively in India, China, South Korea, and Japan, which accounted for more than 80% of the total vehicle manufacture and 50% of the global vehicle production in 2021. As a result of the growth and expansion of the automotive industry, the demand for the automotive ambient lighting increase rapidly.  The "LED" is expected to be the fastest growing technology segment during the forecast period because LED light consumes 50% less energy as compared to other to produce the same amount of light.

Data Bridge Market Research analyses that the automotive ambient lighting market is expected to reach USD 9935.34 million by 2030, which is USD 3633.10 million in 2022, at a CAGR of 13.40% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Opportunities

Increasing focus on the generation of advanced display solutions

Numerous major market players in automotive ambient lighting market are concentrating on creating advanced and improved display solutions to fulfil the needs and gain new market prospects. For instance, Panasonic Corporation has announced that Mitsubishi Outlander had collaborated with the former's automotive division to incorporate a large-screen windshield HUD into the upcoming SUV in May 2021. Panasonic's HUD uses molding techniques and lens design originally created for digital cameras and high-precision mirror.

Drivers

Increasing demand of automotive ambient lighting on the footwall

The usage of ambient lighting on the footwall usually improves the atmosphere, improves the visibility of products on a footwall, and these lights brakes at night and in emergencies. Automobile ambient illumination makes door latches highly visible and enabling speedy evacuation for passengers. Furthermore, it provides sufficient for both moving and stationary vehicles to identify an open door or a passenger getting out of a vehicle. Glove boxes, headliners, overhead consoles, and back seats or trunks are extra areas where ambient lighting is used in cars. Therefore, the increasing demand of automotive ambient lighting on the footwall is expected to drive the market growth.

 Technology

Halogen

LED

Xenon

Vehicle Type

Passenger Vehicles

Commercial Vehicles

Heavy Commercial Vehicles

Some of the major players operating in the automotive ambient lighting market are:

Tenneco Inc. (U.S.)

Koito Manufacturing Co., Ltd (Japan)

Akzo Nobel N.V. (Netherlands)

OSRAM GmbH (Germany)

General Electric (U.S.)

Koninklijke Philips N.V. (Netherlands)

Robert Bosch GmbH (Germany)

Ashland Inc. (U.S.)

PARKER HANNIFIN CORP (U.S.)

Texas Instruments Incorporated. (U.S.)

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This release was published on openPR.