GlobalAutomotive Ambient Lighting Market was valued at USD 2.90 Bn in 2019 and isexpected to reach at USD 6.97 Bn by 2027 at a CAGR of 11.59% over forecastperiod 2020-2027.
The report includes the analysisof impact of COVID-19 lock-down on the revenue of market leaders, followers,and disrupters. Since lock down was implemented differently in differentregions and countries, impact of same is also different by regions andsegments. The report has covered the current short term and long term impact onthe market, same will help decision makers to prepare the outline for shortterm and long term strategies for companies by region.
Automotive Ambient Lighting Market
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Global Automotive Ambient LightingMarket Dynamics
Automotive Ambient lighting is abroad category that encompasses a wide range of luminaire types. Ambientlighting products are often considered utilitarian, but they nonetheless servea very important role in both commercial and residential spaces. An increasedpopularity of ambient lightings is mainly driving the global automotivelighting market. Rise in demand for interior aesthetics is a primary driver ofthe automotive interior lighting market. Ambient lighting enhance the ambienceof the cabin at low cost, thus increasing the adoption. The use of this ambientlighting gives a pleasing effect to the driver and facilitates improvedfunctionality and comfort, thereby illuminating necessary functions to beperformed in dark. An ongoing technological evolutions, such as smart lightingsystems in passenger vehicles, and increasing adoption electrical vehiclesworldwide, coupled with consumer preferences for better interior lightingdesigning are expected to create lucrative opportunities for market over forecastperiod.
However, the ambient lights arenot ideal for working closely with things and high cost associated with ambientlightening are restraining the market growth over forecast period.
Global Automotive Ambient LightingMarket segmented by application, by passenger car segment, by alternative fuelvehicle and by Region. By application, Dashboard segment held 28.45% of marketshare in 2019 and is expected to keep its dominance over forecast period.Dashboard control lights are vital for safety, as these display informationsuch as speed, engine heating, and fuel level. Need for lighting in dashboardcontrols is a major driver of the interior lighting market. Dashboard segmentis followed by foot well segment. Footwell segment is expected to grow at aCAGR of 10.43% over forecast period. The footwell ambient lighting is estimatedto be the largest market during the forecast period. The footwell is one of themost common applications of ambient lighting as it improves the visibility offoot area.
By geography, global automotiveambient lighting market segmented into North America, APAC, Europe, MEA&Africa and Latin America. Among all of these APAC is expected to hold 35.65% ofmarket share over forecast period owing to high demand for ambient lighting systems.An increasing vehicle production in China, India, Japan and South Korea isdriving market in this region. APAC is followed by North America and Europe.North America is expected to hold 27.32% of market share over forecast period.North America is known for its premium cars, which are already equipped withambient lighting. Europe is expected to hold 24.76% of market share overforecast period.
Report covers in depth analysis ofkey development, marketing strategies, benchmarking on various parameters andcompany profiles of market leaders, potential players and new entrants. Some ofthe key players covered in this report are HELLA KGaA Hueck & Co.(Germany), OSRAM Licht AG (Germany), Grupo Antolin (Spain), Federal-Mogul LLC(US), Koito Manufacturing Co., Ltd. (Japan) and Robert Bosch GmbH (Germany)among others. These key players are adopting various inorganic and organicgrowth strategies such as merger& acquisitions, expansions, Joint ventures,strategic alliances, collaborations, diversification, new product launches andpatent to increase their regional presence.
The objective of the report is topresent a comprehensive analysis of the Global Automotive Ambient LightingMarket including all the stakeholders of the industry. The past and currentstatus of the industry with forecasted market size and trends are presented inthe report with the analysis of complicated data in simple language. The reportcovers all the aspects of the industry with a dedicated study of key playersthat includes market leaders, followers and new entrants. PORTER, SVOR, PESTELanalysis with the potential impact of micro-economic factors of the market havebeen presented in the report. External as well as internal factors that aresupposed to affect the business positively or negatively have been analysed,which will give a clear futuristic view of the industry to the decision-makers.The report also helps in understanding Global Automotive Ambient LightingMarket dynamics, structure by analyzing the market segments and project GlobalAutomotive Ambient Lighting Market. Clear representation of competitiveanalysis of key players by price, financial position, Product portfolio, growthstrategies, and regional presence in the Global Automotive Ambient LightingMarket make the report investor’s guide.
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Global Automotive Ambient LightingMarket by Application
• Dashboard
• Doors
• Footwell
• Centre Console
• Others
Global Automotive Ambient LightingMarket by Passenger Car Segment
• C Segment
• D Segment
• E Segment
• F Segment
Global Automotive Ambient LightingMarket by Alternate Fuel Vehicle
• Battery Electric Vehicle
• Hybrid Electric Vehicle
• Plug-in Hybrid Electric Vehicle
Global Automotive Ambient LightingMarket by Region
• North America
• APAC
• Europe
• MEA& Africa
• Latin America
Global Automotive Ambient LightingMarket Major Players
• 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)
• Stanley Electric Co., Ltd.(Japan)
• Volkswagen (Germany)
• Daimler AG (Germany)
• Ford Motor Company (US)
• Hyundai Motor Company (SouthKorea)
• Toyota Motor Corporation (Japan)
• Tata Motors (India)
• Mahindra & Mahindra Ltd(India)
• Ashland
• Lord Corporation
• Franklin International
• Delo Industrie Klebstoffe GmbH& Co. KGaA
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