Global Automotive Ambient Lighting Market - Global Forecast to 2022
Ambient lighting in vehicles is becoming more and more popular in the automotive industry. Along with making the interior of a vehicle more appealing it also ensures driver safety, since it makes the instruments and control panel effectively visible, especially at night and when the visibility is low. Ambient lighting has been currently dominating the high-end luxury cars segment since the past few years. Adoption and installation of ambient lighting in premium and mid-segment cars is on a rise, thereby boosting the growth of the overall market as well.
Global 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.
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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
The below figure shows the break-up of the profile of industry experts who participated in primary discussions.
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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)
The study also segments the ambient lighting market by electric vehicle type (BEV, HEV, and PHEV) and aftermarket application (dashboard, doors, footwell, center console, and others). PHEV is estimated to be the fastest growing market for ambient lighting, by electric vehicle type. The study also covers the ambient lighting aftermarket.
The Asia Oceania region has the highest demand for ambient lighting systems. While the installation rate is currently moderate, the demand for ambient lighting systems is expected to rise with the increase in vehicle production. As a result, the Asia Oceania region is estimated to be the largest market for ambient lighting systems by 2022. The Asia Oceania market is primarily driven by the huge vehicle production in China and increasing demand for premium vehicles, which in turn results in high demand for ambient lighting systems. Also, the high disposable income of the people is driving the growth of the automotive ambient lighting market in the region. North America is estimated to be the second largest market for ambient lighting during the forecast period. North America is known for its premium cars, which are already equipped with ambient lighting.
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