Automotive Interior Ambient Lighting Market Overview:
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.
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.
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.
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.
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.
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