According to a market report by Lucintel, the future of the automotive ambient lighting market looks promising with opportunities in the passenger car, light commercial vehicle, and electric vehicle markets. The automotive ambient lighting market is expected to grow with a CAGR of 14% from 2019 to 2024. The major drivers for this market are growing awareness on energy-efficient lighting systems and growing sales of luxury vehicles equipped with navigation and infotainment systems, and increasing installation of led lights in cars with an inclination towards comfort and safety features.
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Within the automotive ambient lighting market, dashboard, doors, footwell, center console, others are the major applications. Footwell is the largest application segment for the automotive ambient lighting market.
Passenger car is the major end use segment of the automotive ambient lighting market.
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Asia Pacific will remain the largest region over the forecast period due to increasing vehicle production, and increasing demand for premium vehicles, which in turn, will result in high demand for ambient lighting systems.
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Hella KGaA Hueck & Co, Valeo, Grupo Antolin, Chongqing Boao Industrial, Koito Manufacturing, Osram Licht, General Electric, Koninklijke Philips, Robert Bosch, Stanley Electric, Zizala Lichtsysteme, and Dräxlmaier Group are among the major manufacturers of automotive ambient lighting.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the automotive ambient lighting market by application, by end use, by fuel type, and by region. Lucintel has prepared a comprehensive research report titled “Automotive Ambient Lighting Market 2019-2024: Trends, Forecast, and Opportunity Analysis“. This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the automotive ambient lighting market by application, by end use, by fuel type, and by region as follows:
By Application [$M shipment analysis for 2013 – 2024]
- Center console
By End Use [$M shipment analysis for 2013 – 2024]
- Passenger Car
- Small cars
- Compact cars
- Mid-Sized cars
- Luxury cars
- SUVs & Crossovers
- Light Commercial Vehicles
- Heavy Commercial Vehicles
By Fuel Type [$M shipment analysis for 2013 – 2024]
- Internal Combustion Engine Vehicles (ICE)
- Battery Electric Vehicles (BEV)
- Hybrid Electric Vehicles (HEV)
By Region [$M shipment analysis for 2013 – 2024]
- North America
- United Kingdom
- Asia Pacific
- South Korea
- The Rest of the World
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This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/automotive-ambient-lighting-market.aspx or firstname.lastname@example.org.
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the global automotive ambient lighting market by application (dashboard, doors, footwell, center console, others), by end use (small cars, compact cars, mid-sized cars, luxury cars, commercial vehicles, heavy commercial vehicles), by fuel type (battery electric vehicle, hybrid electric vehicle, plug-in hybrid electric vehicle), and by region (North America, Europe, Asia Pacific, and Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the automotive ambient lighting market?
Q.5 What are the business risks and threats to the automotive ambient lighting market?
Q.6 What are emerging trends in this ambient lighting market and the reasons behind them?
Q.7 What are some changing demands of customers in the automotive ambient lighting market?
Q.8 What are the new developments in the automotive ambient lighting market? Which companies are leading these developments?
Q.9 Who are the major players in this automotive ambient lighting market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this automotive ambient lighting area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this automotive ambient lighting market?
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