The report "Automotive Ambient Lighting Market by IC & Electric Vehicle (BEV, FCEV, PHEV), Application (Footwell, Door, Dashboard, Center Console), Passenger Car (C, D, E & F), Aftermarket (Country & Application (Interior & Exterior)) - Global Forecast to 2027" The automotive ambient lighting market size is projected to reach USD 6.2 billion by 2027 from an estimated USD 3.8 billion in 2022, at a CAGR of 10.6% from 2022 to 2027. The automotive ambient lighting market is mainly driven by increasing demand of premium vehicles, increasing adoption of LED based lighting in C&D segment cars owing to consumer inclination towards more personalized and dictinct feature in their cars. Further, increasing urbanization and per capita income especially in developing countries have spurred the change in preferences, which may lead to growth of automotive ambient lighting market in the future.
Browse 237 market data Tables and 53 Figures spread through 246 Pages and in-depth TOC on "Automotive Ambient Lighting Market by IC & Electric Vehicle (BEV, FCEV, PHEV), Application (Footwell, Door, Dashboard, Center Console), Passenger Car (C, D, E & F), Aftermarket (Country & Application (Interior & Exterior)) - Global Forecast to 2027"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/automotive-ambiance-lighting-market-233551790.html
Dashboard ambient lighting market to witness the fastest growth during the forecast period.
Increasing installation of ambient lighting owing to rising emphasis on luxury and comfort, the market for dashboard ambient lighting is expected to grow at a faster pace. In North America, increasing penetration of E& F segment cars and development towards autonomous vehicles has expanded adoption of advanced lighting in dashboard such as the augmented reality system available in the VW ID3 lighting will enhance the information and entertainment experience in the cockpit, as well as ensure optimum driver concentration and comfort. Thus, North America is the second largest market for dashboard in automotive ambient lighting market.
D segment vehicles to be the largest segment of ambient lighting market for automotive
D segment is the largest market for ICE cars and growth can be attributed to the increasing production of passenger cars and increasing installation rate of ambient lighting in the low and mid-segment cars. According to MarketsandMarkets Analysis, the D-segment vehicles experienced a lucrative production growth of ~6.0% between 2017 and 2021 in North America. In Asia Pacific, D-segment vehicle production grew by ~9.5% during the same period. To attract more consumers, OEMs are trying to accommodate some luxury features, such as ambient lighting, infotainment unit, exotic interior design etc. Newer D-segment cars are installed with ambient lighting for various interior applications such as center consoles, dashboards, headliners, and armrests. The trend is expected to continue in coming years which further boost the ambient lighting market in D-segment cars
Asia Pacific to be the fastest automotive ambient lighting OE market in 2022.
Asia Pacific is considered as a production hub for the automotive industry, particularly for low and mid-segment cars which has shown significant growth in recent years. According to MarketsandMarkets Analysis, countries of Asia Pacific such as China, India and South Korea and Brazil in RoW have shown positive growth trend in C & D segment cars during Covid-19. Further, the demand of premium vehicles have also grow at a positive rate in the region. Thus, increasing vehicle production, along with changing consumer preferences towards more customized options and growing per capita income of the middle-class population are expected to drive vehicle demand which in turn results in automotive ambient lighting market growth in the region
The major companies in the ambient lighting market for automotive are profiled in the study. These include HELLA (Germany), Valeo S.A. (France), ams OSRAM (Austria), Grupo Antolin (Spain), Signify (Philips Lighting) (Netherlands), Koito Manufacturing Co., Ltd. (Japan), and Stanley Electric Co., Ltd. (Japan).
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.SEND ME A FREE SAMPLE