Automotive Ambient Lighting Market

Market Leaders - Automotive Ambient Lighting Market

The ambient lighting market for automotive is estimated to grow at a CAGR of 9.9% from 2020 to 2025. It is projected to reach USD 4.9 billion by 2025 from an estimated USD 3.0 billion in 2020.

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The growth of the ambient lighting market for automotive is driven by the increasing vehicle production, increasing installation rate of ambient lighting, and consumer inclination toward comfort, luxury, and style.

The manufacturers of ambient lighting have adopted the strategies of expansion and collaborations & partnerships to gain traction in the ambient lighting market for automotive. Collaborations & partnerships help to formulate a better business strategy by enabling a strong global footprint.

The global ambient lighting market is dominated by major players such as HELLA (Germany), OSRAM (Germany), Valeo (France), KOITO (Japan), General Electric (US), Grupo Antonin(Spain), and Stanley Electric (Japan).

A strong product portfolio and collaboration with original equipment manufacturers (OEM) have given Hella a top spot in the ambient lighting market for automotive. The company’s key strengths are its R&D and collaboration with several players in the value chain. The company employs varied strategies of new product development and collaboration to maintain a competitive edge. In September 2019, HELLA and Plastic Omnium, a French automotive supplier has developed an idea for comprehensive integration of lighting components into vehicle front.  It offers the customers with sophisticated and unique system solutions.

Grupo Antolin is one of the well-known organizations for automotive interior products. The company has a number of clients across the globe such as Audi AG (Germany), Ford Motor Company (US), and BMW AG (Germany). The company follows a client-focused approach as a core business strategy and manufactures interior products according to the client’s requirement. Grupo Antolin is also undertaking organic and inorganic development. In September 2020, Grupo Antolin withstood the COVID-19 crisis and opened a new innovative centre in China. The purpose of opening the centre in China is to strengthen its R&D, innovation and technological development capabilities in the largest automotive market in the world. The company would be able to quickly adapt to the needs and requirements of its customers in China, especially in projects focused on the new electric mobility.

Related Reports:

Automotive Ambient Lighting Market by Electric & Hybrid (BEV, HEV, PHEV), Application (Footwell, Door, Dashboard, Center Console), Passenger Car (C, D, E, and F), Aftermarket (Country and Application (Interior and Exterior)) - Global Forecast to 2025

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Report Code
AT 5602
RI Published ON
1/11/2021
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