Automotive Ambient Lighting Market
The market is driven by the high installation rate of ambient lighting in mid and premium segment cars. Additionally, the increasing penetration of ambient lighting in low and mid-segment vehicles would drive the market in developing countries. The increasing demand for luxury, comfort, and convenience is also expected to drive the market.
Automotive Ambient Lighting Market is estimated to be USD 2.29 Billion in 2016 and is projected to reach USD 5.30 Billion by 2022, at a CAGR of 14.41% from 2017 to 2022.
Objectives of the Study:
- To define and segment the market, in terms of volume (â000 units) and value (USD million), by application, vehicle segment, and region
- To segment the country-level aftermarket for Ambient lighting system and forecast the market size, by value and volume, based on application
- To segment the alternate fuel vehicle market for Ambient lighting and forecast the market size, by value and volume, based on application, vehicle segment, and region
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The market ecosystem consists of manufacturers such as HELLA KGaA Hueck & Co. (Germany), OSRAM Licht AG (Germany), Grupo Antolin (Spain), Federal-Mogul LLC (US), Koito Manufacturing Co., Ltd. (Japan), Robert Bosch GmbH (Germany), General Electric (US), Valeo S.A. (France), and Stanley Electric Co., Ltd. (Japan); OEMs such as Volkswagen (Germany), Daimler AG (Germany), Ford Motor Company (US), Hyundai Motor Company (South Korea), Toyota Motor Corporation (Japan), Tata Motors (India), Mahindra & Mahindra Ltd (India); and equipment manufacturer associations such as Automotive Component Manufacturers Association of India (ACMA), Japan Automotive Manufacturers Association (JAMA), European Automobile Manufacturersâ Association (ACEA), and Canadian Vehicle Manufacturersâ Association, among others.
Automotive Ambient Lighting Market Target Audience
- Ambient lighting manufacturers
- Lighting source providers
- Original Equipment Manufacturers (OEM)
Available Customizations
With the given market data, MarketsandMarkets offers customizations as per company-specific needs. The following customization options are available for this report:
(Countries to be covered are, US, Canada, UK, Germany, France, Japan, China, South Korea and Brazil)
The automotive ambient lighting market is projected to grow at a CAGR of 14.41% from 2017 to 2022. It is projected to reach USD 5.30 Billion by 2022 from USD 2.71 Billion in 2017. The market growth can be attributed to the increase in vehicle production and sale of premium and luxury cars. Additionally, the increasing penetration of ambient lighting systems in low and mid-segment cars would drive the demand for automotive ambient lighting market.
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E segment vehicles to be the largest segment of automotive ambient lighting market
The study segments the automotive ambient lighting market, by vehicle segment, into C segment, D segment, E segment, and F segment. E segment cars are estimated to be the largest market for ambient lighting during the forecast period. The market growth of this vehicle segment can be attributed to the increasing production of passenger cars and increasing installation rate of ambient lighting in the low and mid-segment cars.
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Source: Global Automotive Ambient Lighting Market Competitive Analysis 2022