Automotive
Interior Ambient Lighting Market Overview:
Ambient interior lighting
is an aesthetic feature without any function which highlights the car’s
controls, door handles, cup holders, and other consoles. This kind of lighting
has been used for driver safety and creates differentiation among car
manufacturers. The global Automotive Interior Ambient Lighting
Market report by Market Research Future (MRFR) covers drivers, challenges, and
opportunities for the period of 2017 to 2023 (forecast period). The outbreak of
the COVID-19 virus and its impact on the production and quality of products are
explored in the report.
Market Scope
The global Automotive
Interior Ambient Lighting Market is expected to grow at CAGR of 6% over the
forecast period. It is driven by the popularity of interior ambient lighting.
The use of lights for illuminating necessary controls for driver and passengers
can bode well for the market. The inclination towards aesthetics and comfort
levels by consumers has created plenty of scope for the market. The feelings of
safety and comfort provided to customers as well as an environment for lowering
fatigue levels can bode well for the market.
The COVID-19 pandemic has
highlighted the need for preventive measures for combating new mutations of
viruses. Recently, Yanfeng has decided to launch a UV light which can be
installed in the interior of automobiles and be used in disinfection of germs
and bacteria.
Segmentation
The global Automotive
Interior Ambient Lighting Market has been segmented on the basis of product
type, technology, and vehicles type.
By product type, it is
segmented into head-up display, dashboard lights, ambient lighting, reading
lights, and others. Reading lights are expected to drive the market demand
owing to reading of magazines and books being the guilty pleasure of
passengers. Majority of automotive OEMs are expected to install reading lights
as evident with the integration of Matrix LED lighting from Hella in the Audi
A8.
On the basis of
technology, the market has been segmented as LED, halogen, and Xenon. Among
this, LED is expected to dominate the global market by technology, in 2016, in
terms of market revenue. The growth of LED can be attributed to factors such as
greater number of features such as increased energy efficiency as compared to
the previous lighting technology, and the phasing out of the previously used
halogen bulbs. Its economical nature compared to OLED lights and improving lumen
efficacy can drive the segment growth in the global Automotive Interior Ambient
Lighting Market.
By vehicles type, it
caters to passenger vehicles and commercial vehicles.
Regional Analysis
Geographically, the global
Automotive Interior Ambient Lighting Market has been segmented into four major
regions of North America, Europe, Asia Pacific (APAC), and Rest-of-the-World
(RoW).
Amongst these, North
America is expected to dominate the global market owing to the factors such as
rising disposable income, and increasing new vehicle registrations. Europe is
the second leading region, in terms of revenue.
APAC is expected to grow
with the highest CAGR over the forecast period as the region accounts for the
highest automotive sales over the forecast period. In Asia-Pacific region,
countries such as China, Japan, India and Indonesia are expected to contribute
significantly owing to the increasing demand for passenger vehicles.
Competitive Outlook
Magneti Marelli S.p.A,
Valeo, OSRAM Licht AG, GE Lighting, Stanley Electric Co., Ltd., Federal-Mogul
Corporation, Ichikoh Industries, Ltd., Koito Manufacturing Co., Ltd., Grupo
Antolin, Hella KGaA Hueck & Co, and Zizala Lichtsysteme GmbH are key
players of the global Automotive Interior Ambient Lighting Market.
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