Automotive Ambient Lighting Market Overview
The latest research study “Automotive Ambient Lighting Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global automotive ambient lighting market size reached US$ 852.3 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1,406.73 Million by 2027 exhibiting a growth rate (CAGR) of 8.50% during 2022-2027.
Automotive ambient lighting represents the basic illumination system that is installed to enhance the external and internal aesthetic appeal of the vehicle. It is commercially available in various types, such as display, reading, heading-up, trunk, dome, keyhole, etc. Automotive ambient lighting aids in making cars appear spacious, ensuring greater visibility of dashboards, improving the concentration of the driver, changing illumination based on security requirements, offering flexibility and reliability, etc. As a result, this system finds extensive applications in passenger, commercial, and heavy automobiles.
Covid-19 Impact Analysis:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Automotive Ambient Lighting Market Trends and Drivers:
The escalating demand for luxury and comfort in passenger cars is among the primary factors driving the automotive ambient lighting market. In line with this, the improving economic conditions, rising disposable incomes, and evolving preferences, especially in the developing regions, are further augmenting the market growth.
Besides this, the elevating requirement for automotive ambient lighting as an essential functional feature that provides programmable options and communicates with the vehicle to adjust controls is also catalyzing the global market. Moreover, the increasing need for this system as an integrated security feature rather than a cosmetic tool to offer illumination during night-time to ensure easy visualization of the control panel, security, and proper functionality while delivering convenience to the driver is acting as another significant growth-inducing factor.
Furthermore, the introduction of energy-efficient halogen, xenon, organic light-emitting diode (OLED), and Light-emitting diode (LED) is expected to bolster the automotive ambient lighting market in the coming years.
Automotive Ambient Lighting Market Report Scope
Report Coverage
Details
Market size value in 2021
US$ 852.3 Million
Market forecast in 2027
US$ 1,406.73 Million
Growth Rate
CAGR of 8.50% from 2022 to 2027
Base year for estimation
2021
Historical data
2016-2021
Forecast period
2022-2027
Report coverage
Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered
Technology, Product Type, Vehicle Type, Fuel Type and Sales Channel
Regional scope
North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
Key companies profiled
ams-OSRAM AG, Dräxlmaier Group, General Electric Company, Grupo Antolin, HELLA GmbH & Co. KGaA (Faurecia SE), Koito Manufacturing Co. Ltd., Koninklijke Philips N.V., Marelli Holdings Co. Ltd, Robert Bosch GmbH, Stanley Electric Co. Ltd. and Valeo.
Market Dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
Customization purview
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Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Technology:
Breakup by Product Type:
Breakup by Vehicle Type:
Breakup by Fuel Type:
Breakup by Sales Channel:
By Geography:
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List of Major Key Players:
Key highlights of the report:
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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