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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