The Future of Automotive Interior Ambient Lighting Market Unparalleled Surge in Industry, 2023

Market Research Future published a research report on “Global Automotive Interior Ambient Lighting Market Research Report- Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Global Automotive Interior Ambient Lighting Market Information Report By Product Type (Dashboard Lights, Ambient Lighting, Head-up Display, Reading Lights and Others), By Technology (Halogen, LED and Xenon) By Vehicle Type (Passenger Vehicles and Commercial Vehicles) and By Region - Forecast To 2023

Market Highlights

The automotive interior ambient lighting are extensively being used for driver safety as it ensures greater visibility of dashboard, and is therefore being used by the automotive manufacturers as a tool of product differentiation. Over the last few years, the demand for interior lighting from automotive industry has increased significantly due to factors such as growth in sales on new vehicles, strict government’s regulations for driver’s safety and technological advancements. The global automotive interior ambient lighting market has witnessed major evolutions, and is expected to witness significant growth over the forecast period. Automotive interior ambient lighting is one of the most important parts of vehicles that is gradually gaining a lot of attention, among the major vehicle manufacturers. The market is largely dependent on the increase in the sales of automotive, and is thus, majorly driven by the increase in the production of automobiles. Furthermore, constant innovations in the lighting systems and new product developments drive the growth of the market, which results in intense competition among the automotive lighting manufacturers. The market is also driven by other factors such as low emission & higher fuel efficiency, increasing sales of new vehicles, strict government regulations on driver safety, technological advancements, and emerging economies. However, the growth of this market is expected to be hindered due to huge fluctuations in the prices of the raw materials.

The Automotive Interior Ambient Lighting Market is expected to grow at ~6% CAGR during the period 2017 to 2023.

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Market Research Analysis

Based on technology, the automotive interior ambient lighting market has been categorized as halogen, LED and Xenon. Among them, xenon is expected to contribute the most in the growth of the market. Xenon lights, also known as gas discharge lamps, use light arc as the major source of light. It possesses a very long service life as compared to the halogen bulbs. Xenon also has various other advantages over the halogen light as they are vibration proof, they have an ignition voltage, and they can be electronically controlled.

Based on vehicle types, the market has been segmented as passenger and commercial vehicles. The passenger vehicles segment is expected to grow with highest CAGR over the forecast period. In 2016, as per the OICA Car Association, approximately 69 million passenger cars were sold across the globe, which fuels the demand for automotive interior ambient lighting in automotive industry.

Region wise, the global automotive interior ambient lighting market has been segmented as North America, Europe, Asia Pacific and Rest of the World. North America has accounted for the largest market share, in 2016, followed by Europe and Asia Pacific. In the North America and Europe region, the original equipment manufacturers are installing the interior ambient lightings, which is driving the growth of the market, here. The existence of a large number of aftermarket lighting system manufacturers in the region is also strengthening the growth of the market. Asia Pacific region is expected to grow with the highest CAGR during the forecast period, owing to the existence of a large number of fragmented automotive ambient lighting manufacturers in the region.

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Scope of the Report

This study provides an overview of the global automotive interior ambient lighting market, tracking three market segments across four geographic regions. The report studies key players, providing a six year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Automotive Interior Ambient Lighting Market by product type, by technology, by vehicle type and by regions.

By Product Type
• Dashboard Lights
• Ambient Lighting
• Head-up Display
• Reading Lights
• Others

By Technology
• Halogen
• LED
• Xenon

By Vehicle Type
• Passenger Vehicles
• Commercial Vehicles

By Regions
• North America
• Asia Pacific
• Europe
• Rest of the World

Key Players

The prominent players in the global automotive interior ambient lighting market include Hella KGaA Hueck & Co (Germany), Koito Manufacturing Co., Ltd. (Japan), Federal-Mogul Corporation (U.S.), GE Lighting (U.S.), OSRAM Licht AG (Germany), Magneti Marelli S.p.A (Italy), Grupo Antolin (Spain), Valeo (France), Zizala Lichtsysteme GmbH (Austria), Ichikoh Industries, Ltd. (Japan), Stanley Electric Co., Ltd. (Japan), OSRAM Licht AG (Germany) and others.

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