Automotive Interior Ambient Lighting Market Key Player Mentioned In Report:
Koito Manufacturing Co., Ltd. (Japan), Hella KGaA Hueck & Co (Germany), Federal-Mogul Corporation (US), OSRAM Licht AG (Germany), GE Lighting (US), Magneti Marelli S.p.A (Italy), Zizala Lichtsysteme GmbH (Austria), Grupo Antolin (Spain), Valeo (France), Ichikoh Industries, Ltd. (Japan), OSRAM Licht AG (Germany), and Stanley Electric Co., Ltd. (Japan).
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The global automotive interior ambient lighting market is being majorly driven by the increased popularity of ambient lightings. Ambient lighting products comprises products such as light rings, diffuser lenses and LED pin spot lights, which are extensively used in interior components such as door panels, instrument panels and seat frames. The use of this interior ambient lighting gives a pleasing effect to the driver and facilitates improved functionality and comfort, thereby illuminating necessary functions to be performed in dark.
Growing automobile industry, worldwide, with the increasing sales of automotive alongside the increasing penetration of ambient lighting, provide impetus to the market growth of automotive interior ambient lighting. The emergence of innovative technologies to enhance safety and performance along with the dropping prices of components has increased the sales of automotive interior ambient lighting products.
Manufacturers are also developing premium interior ambient lights to accessorize vehicles. Innovations in interior ambient technology, the rise in popularity and the development of laser and interior ambient lights are the key trends that are contributing to the augmented growth of global automotive interior ambient lighting.
On the other hand, Factors such as slow growth of vehicle sales in BRIC nations, high costs of LED lights, high research and development costs are projected to restrict the market growth of global automotive interior ambient lighting. Nevertheless, along with technological advancements in the vehicles, the consumption of these lights is growing day by day which is expected to support the market growth over the forecast period.
Global Automotive Interior Ambient Lighting Market Segments:
The automotive interior ambient lighting market can be segmented into four key dynamics for the convenience of understanding;
By Product Type: Dashboard Lights, Ambient Lighting, Head-up Display, and Reading Lights among others.
By Technology: Halogen, LED and Xenon among others.
By Vehicle Type: Passenger Vehicles and Commercial Vehicles among others.
By Region: North America, Europe, APAC and the Rest-of-the-World.
The subsegment – LED is expected to dominate the global market by technologies in terms of market revenue. The growth of LED can be attributed to its extensive popularity due to its increased energy efficiency as compared to the other lighting technologies and the phasing out halogen bulbs.
Automotive Interior Ambient Lighting Market Regional Analysis:
Geographically, the global automotive interior ambient lighting market has been divided into four major regions such as North America, Europe, Asia Pacific and Rest of the World. Amongst these, North America region 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. Asia Pacific region 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.
Global Automotive Interior Ambient Lighting Market Competitive Analysis:
The highly competitive market of the automotive interior ambient lighting is totally reliant on the unit sales of automotive is fostered by the increase in automotive production. The presence of numerous large and small key players defines the market as fragmented.
Matured players incorporate acquisition, collaboration, partnership, expansion, product & technology launch in order to gain a competitive advantage and to maintain their position in this market.
These players emphasis on geographical expansion and new product development initiatives. The market is anticipated to witness the relentless innovations and development of new products, eventually result in intense competition among the automotive lighting manufacturers.
Industry/ Innovation/ Related News:
September 18, 2018 – BMW Group (Germany), one of the giant automakers threw some more light on the interior specifications post to unveiling the launch plans of 2019 BMW Z4 in last month. On sale starting March 2019, the 2019 Z4 will initially launch with the sDrive30i variant, that allows buyers to customize their Z4s via their Individual program, like choosing color along with other options to include dual-zone climate control and interior ambient lighting.
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