Automotive Ambient 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.

Objectives of the Study:

  • To define and segment the market, in terms of volume (‘000 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

To know about the assumptions considered for the study, download the pdf brochure

Key Players:

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 Manufacturers’ Association (ACEA), and Canadian Vehicle Manufacturers’ Association, among others.

Automotive Ambient Lighting Market Target Audience

  • Ambient lighting manufacturers
  • Lighting source providers
  • Original Equipment Manufacturers (OEM)

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.

Request for Customization to get the global Automotive Ambient Lighting Market forecasts to 2025

Asia Oceania to be the largest automotive ambient lighting market

Asia Oceania is considered as a production hub for the automotive industry, particularly for low and mid-segment cars. The region has created several opportunities for the ambient lighting manufacturers as well as suppliers. However, in a country like the US, there is a high demand for luxury cars that are equipped with ambient lighting. Moreover, the increase in the purchasing power of the population has driven the demand for automotive ambient lighting market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact: 

Mr. Shelly Singh

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

sales@marketsandmarkets.com

Source: Global Automotive Ambient Lighting Market Competitive Analysis