HOME Research Insight Market Leader - Ambiance Lighting Market

Market Leader - Ambiance Lighting Market

The ambiance lighting market for automotive is estimated to grow at a CAGR of 14.41% from 2017 to 2022. It is projected to reach USD 5.30 Billion by 2022 from an estimated USD 2.71 Billion in 2017. The growth of the ambiance lighting market for automotive is driven by the increasing vehicle production, increasing installation rate of ambiance lighting, and consumer inclination toward comfort, luxury, and style.

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

The key market players in the ambiance lighting market for automotive are HELLA KGaA Hueck & Co (Germany), OSRAM Licht AG (Germany), Grupo Antolin (Spain), Federal-Mogul LLC (US), and Koito Manufacturing Co., Ltd. (Japan).

A strong product portfolio and collaboration with original equipment manufacturers (OEM) have given Hella a top spot in the ambiance 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. Hella provided LED ambiance lighting systems with 24 color codes for Chevrolet’s Camaro 2016. With the new technology, the color does not change in a static fashion. In 2016, Hella made a supply contract with BMW AG (Germany) for interior lighting.

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. Currently, the company has a strong presence in 26 countries across the globe. In 2015, Grupo Antolin acquired the interior business of Magna International Inc. (Canada). The new division, headquartered near Munich, would expand the interior business product portfolio of the company. In 2016, the company invested USD 120 million for research and development. Also, the company expanded its business in Wuhan (China) in 2016 with the objective of supplying its headliners to Honda Motor Co., Ltd (Japan), Nissan (Japan), and Renault (France).

Related Reports:

Ambiance Lighting Market for Automotive by Application (Footwell, Door, Dashboard, Center Console), Vehicle Segment (C, D, E, and F), EV Type (BEV, HEV, and PHEV), Aftermarket (Country and Application (Interior and Exterior)) - Global Forecast to 2022

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