Press release
Automotive Ambient Lighting Market Poised for 9.7 % Growth, Set to Hit $6.7 Billion by 2029
Automotive Ambient Lighting
The surge in sales of high-end luxury vehicles is predicted to boost the automotive lighting market. These luxury cars come with superior interiors and features not typically found in conventional vehicles. The rising demand for these premium vehicles has culminated in the introduction of advanced and innovative ambient lighting to improve the security and safety aspects of these cars. For example, a report from the Australian automotive publisher, CarExpert Pty Ltd, in April 2023, highlighted that the Jaguar F-Pace SUV was the most popular vehicle from the brand in Australia, with 48 confirmed sales in 2023. Furthermore, Maserati sold 31 of its Grecale SUVs in the same year. Sales of Volvo's luxury SUV, the XC40, rose by 18.7% in 2023, reaching a total of 1505 units. Hence, the increasing demand for luxury cars is set to fuel the growth of the automotive ambient lighting market.
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What Is the projected market size and growth rate for the automotive ambient lighting market?
The automobile ambient lighting industry has seen a significant expansion in recent years. The market is set to increase from $4.24 billion in 2024 to $4.63 billion in 2025, with a compound annual growth rate (CAGR) of 9.2%. This growth during the historical period can be credited to the expanding luxury car sector, heightened attention towards interior appeal, an increase in disposable income, a growing trend for night driving, and consumers' inclination towards personalization.
In the coming years, the automotive ambient lighting industry is predicted to experience robust expansion. Its market size is anticipated to surge to $6.7 billion by 2029, with a compound annual growth rate (CAGR) of 9.7%. The projected growth in this period is due to factors such as vehicle electrification, the shift towards autonomous vehicles, the rise in shared mobility, the globalization of automotive markets, and increased urbanization. Within this forecasted period, key trends include dynamic ambient lighting, the integration of health and well-being, AR/VR incorporation, ultra-slim lighting designs, and subscription-based lighting schemes.
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What new trends are reshaping the automotive ambient lighting market and its opportunities?
Gaining traction in the automotive ambient lighting market are the advancements in technology. Firms focused on automotive lighting are rolling out modernized lighting to strengthen their market status. For example, in May 2022, Hella KGaA Hueck & Co., a German firm specializing in lighting, electronic components, and systems, unveiled an integration of lighting solutions and sensor technology that enhances a vehicle's intelligence, augmenting comfort and safety. This innovative HELLA Slim Light System facilitates interaction between the vehicle and its occupants, establishing the ambiance in the car whilst providing extensive illumination.
What major market segments define the scope and growth of the automotive ambient lighting market?
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
Subsegments:
1) By Dashboard Lights: Instrument Cluster Lights, Indicator Lights, Warning Lights, Control Panel Illumination
2) By Ambient Lighting: Interior Ambient Lights, RGB Ambient Lighting Systems, Mood Lighting Solutions, Ambient Light Strips
3) By Head-Up Display: Windshield Projection Systems, Combiner Displays, Augmented Reality Head-Up Displays
4) By Reading Lights: Front Reading Lights, Rear Reading Lights, Overhead Dome Lights, Adjustable LED Reading Lights
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Which region dominates the automotive ambient lighting market?
Asia-Pacific was the largest region in the automotive ambient lighting market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive ambient lighting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the automotive ambient lighting industry growth?
Major companies operating in the automotive ambient lighting market include 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., 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, Innotec Group, Lumileds Holding B.V., Magneti Marelli SpA, Diode Dynamics LLC, Ambright GmbH, Oshino Lamps Limited, 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.
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What Is Covered In The Automotive Ambient Lighting Global Market Report?
• Market Size Forecast: Examine the automotive ambient lighting market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the automotive ambient lighting market for a structured understanding.
• Key Players Overview: Analyze major players in the automotive ambient lighting market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the automotive ambient lighting market.
• Segment Contributions: Evaluate how different segments drive overall growth in the automotive ambient lighting market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the automotive ambient lighting market.
• Industry Challenges: Identify potential risks and obstacles affecting the automotive ambient lighting market.
• Competitive Landscape: Review strategic developments in the automotive ambient lighting market, including expansions, agreements, and new product launches.
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