Global Automotive Ambient Lighting Market Size By Vehicle Segment (C Segment, D Segment, E Segment, F Segment), Electric Vehicles (BEV, FCEV, PHEV), Application (Centre Console, Dashboard, Doors, Footwell), & Region for 2024-2031
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationGlobal Automotive Ambient Lighting Market Size By Vehicle Segment (C Segment, D Segment, E Segment, F Segment), Electric Vehicles (BEV, FCEV, PHEV), Application (Centre Console, Dashboard, Doors, Footwell), & Region for 2024-2031
Automotive Ambient Lighting Market Valuation – 2024-2031
The Automotive Ambient Lighting Market is being driven by rising demand for vehicle personalization and aesthetics. According to the analyst from Market Research, the automotive ambient lighting market has a valuation of USD 82.73 Billion in 2024 over the forecast subjugating around USD 170.33 Billion in 2031.
The growth in the sales of ultra-luxurious vehicles, owing to the incresing disposable income among the population is the key factor for the market growth. this surge in demand enables the market to grow at a CAGR of 10.42% from 2024-2031.
Automotive Ambient Lighting MarketDefinition/ Overview
The automotive ambient lighting directs the illumination of the lights for more liveliness inside the vehicle. It also covers the areas around the foot well and door handles. It offers lightning depending upon the driver’s mood, based on the security and safety, and the interior appearance of the vehicle.
Furthermore, it serves illumination for reading purposes and helps to reduce the driver’s fatigue. It widely finds its application in luxury automotive vehicles.
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Which are the Drivers Encouraging the Adoption of Automotive Ambient Lighting?
Car lighting has gotten a major makeover, and it's all thanks to the tech-savvy drivers who crave personalized and exciting driving experiences. Nowadays, you can change the color, brightness, and even fancy lighting effects inside your car to match your mood or enhance your drive. LEDs (those tiny light-emitting diodes) have transformed car lighting. They're super-efficient, don't heat up as much as traditional bulbs, and come in a rainbow of colors. That makes them perfect for customizing the lighting inside your car. So, if you're looking to spruce up your ride or simply want a touch of ambiance while on the road, these LED ambient lighting systems have got you covered.
Furthermore, Ambient lighting is being used by automakers as a major differentiator to strengthen brand identity and attract affluent customers. Automakers can differentiate their cars from the competition and draw in customers looking for high-end features and fine craftsmanship by adding ambient lighting to the interiors of their cars. Ambient lighting systems have become increasingly popular as a result of the increased focus on comfort and safety in contemporary cars.
What are the Challenges in Automotive Ambient Lighting Market?
Adding fancy lighting to cars is no walk in the park. It's a tough job for carmakers and suppliers, especially when it comes to fitting it into the car's design, making it work smoothly, and following all the rules. Plus, it can be really expensive, which is a problem when customers want these cool lighting features but don't want to pay a fortune. So, the big challenge for everyone is to find a way to make these lighting systems affordable, meet customers' expectations, and still make a profit.
Furthermore, for manufacturers, maintaining uniformity and consistency in lighting quality across various vehicle models and production batches is a challenge. The color accuracy, brightness, and longevity of ambient lighting systems are impacted by variations in materials, manufacturing techniques, and environmental factors. This results in inconsistent results and possibly unhappy customers. The integration of ambient lighting with other vehicle systems, like infotainment and driver assistance systems, complicates design and development work as cars become more autonomous and networked, thereby affecting market growth.
Category-Wise Acumens
How does Centre Console help grow the Automotive Ambient Lighting Market?
Picture thisyour car's center console, the hub of all things technology and convenience. Now, imagine it as a canvas for stylish and practical lighting solutions that make your driving experience a breeze. As cars become more high-tech and personal, the center console is the perfect spot for adding some extra flair. Carmakers can use ambient lighting to make your interior glow, highlighting buttons, compartments, and cupholders. It's not just about looking cool, though. This clever lighting makes it easier to find what you need, even when it's dark outside. Since the center console is where all the action happens, it's the ideal place to integrate these lighting upgrades. You'll have soft, subtle illumination on switches, screens, and everything else you need to control, making it a snap to stay on top of everything. Whether you're cruising down the highway or just parked and enjoying the tunes, the center console's lighting will keep you comfortable and in control.
Additionally, ambient lighting in the center console can be synchronized with other interior lighting elements, such as door panels, footwalls, and dashboard trim, creating a cohesive and harmonious lighting environment throughout the vehicle cabin.
Furthermore, the center console’s role as a design focal point allows automotive manufacturers to leverage ambient lighting as a means of enhancing brand identity and differentiation. By incorporating signature lighting patterns, colors, and animations into the center console design, automakers can create a distinctive visual signature that reflects their brand values and resonates with consumers. This differentiation can be particularly appealing to luxury vehicle buyers seeking premium features and customization options.
Which Factors are influencing the growth of PHEV (Plug-in Hybrid Electric Vehicle) in the Market?
The PHEV (Plug-in Hybrid Electric Vehicle) segment is estimated to exhibit the highest growth during the forecast period. PHEVs alleviate “range anxiety” – a concern about EVs’ limited electric driving range – by including a gasoline engine for extended excursions. This increased range makes PHEVs more acceptable to a broader consumer base, therefore benefiting the entire electric vehicle category (including ambient lighting).
Many governments provide tax credits, rebates, and other incentives expressly for PHEVs. This financial incentive makes PHEVs more appealing, resulting in increased sales and a wider market for PHEV-specific ambient lighting options.
Furthermore, PHEVs are frequently marketed to early adopters of electric vehicles who are lured by the environmental benefits while still preferring premium features. This emphasis on providing a luxury experience creates a demand for more advanced and customized ambient lighting systems in PHEVs.
Gain Access to Automotive Ambient Lighting Market Report Methodology
Country/Region-wise Acumens
Which Region has the Most Potential for Growth in the Market?
The Asia Pacific region is estimated to grow at the highest CAGR within the market during the forecast period. First off, there is a growing middle class and fast urbanization in the area, which is driving up demand for cars. Ambient lighting is among the cutting-edge car features that consumers are becoming more interested in as they look for more individualized and opulent driving experiences. Leading automakers and suppliers are also heavily represented in the Asia-Pacific automotive market, which fosters innovation and technological advancements in car interiors.
In addition, the region’s regulatory framework is pushing for the use of environmentally friendly and energy-efficient lighting solutions by placing a greater emphasis on environmental regulations and automobile safety. The Asia-Pacific region’s economy is expanding, and with it comes consumers’ increased willingness to spend on luxury features like ambient lighting in their cars, fueling the market’s growth. All things considered, the Asia-Pacific region offers manufacturers and suppliers of automotive ambient lighting significant opportunities due to factors like urbanization, technological innovation, regulatory developments, and changing consumer preferences.
Which Regions Dominate in the Automotive Ambient Lighting Market?
North America region is estimated to dominate the market during the forecast period. North America’s large consumer base, thriving automotive manufacturing industry, and technological advancements have made it a major player in the automotive ambient lighting market. To improve the driving experience and set themselves apart in a crowded market, both foreign and American automakers with a significant regional presence incorporate ambient lighting into their designs.
Luxury features and tailored experiences are top priorities for North American car consumers. Ambient lighting is ideal, providing a variety of color options and combinations to complement individual styles and enhance in-cabin mood. Furthermore, North American safety regulations prioritize driver visibility and ergonomic design. This raises the demand for ambient lighting that goes beyond aesthetics, with features like LED cup holders and footwells to increase evening functionality and safety.
Competitive Landscape
The competitive landscape in the automotive ambient lighting market is dynamic and evolving, driven by changing customer preferences, technological advancements, and market dynamics. Providers continue to innovate and differentiate their offerings to stay competitive and capture market share in this rapidly growing industry.
Some of the prominent players operating in the automotive ambient lighting market include
- Tenneco Inc.
- Koito Manufacturing Co., Ltd
- Akzo Nobel N.V.
- OSRAM GmbH
- General Electric
- Koninklijke Philips N.V.
- Robert Bosch GmbH
- Ashland Inc.
- PARKER HANNIFIN CORP
- Texas Instruments Incorporated.
- VALEO
- Mercedes-Benz Group AG.
- Ford Motor Company
- Franklin International
- HYUNDAI MOBIS
- Mapei S.p.A
Latest Developments
- In April 2022, OSRAM announced its plan to invest USD 843 million for the development of an LED plant situated in Malaysia. The company is also planning to invest in a significant new 8-inch LED front-end capacity in Malaysia to provide better support to advanced LED technology and manufacturing of micro-LED across the country
- In June 2021, Design LED was acquired by Faurecia, which is a huge step toward LED lighting. With this acquisition, it will expand its position in the “Human Machine Interface” innovation & automotive ambient lighting. It is projected to provide an excellent customer experience with its products and services.
Scope of the Report
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2021-2031 |
Growth Rate | CAGR of ~10.42% from 2024 to 2031 |
Base Year for Valuation | 2024 |
Historical Period | 2021-2023 |
Forecast Period | 2024-2031 |
Quantitative Units | Value (USD Billion) |
Report Coverage | Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis |
Segments Covered |
|
Regions Covered |
|
Key Players | Tenneco Inc., Koito Manufacturing Co., Ltd, Akzo Nobel N.V., OSRAM GmbH, General Electric, Koninklijke Philips N.V., Robert Bosch GmbH, Ashland Inc., PARKER HANNIFIN CORP, Texas Instruments Incorporated., VALEO, Mercedes-Benz Group AG., Ford Motor Company, Franklin International, HYUNDAI MOBIS, Mapei S.p.A |
Customization | Report customization along with purchase available upon request |
Automotive Ambient Lighting Market, By Category
Vehicle Segment
- C Segment
- D Segment
- E Segment
- F Segment
Vehicle Segment
- BEV
- FCEV
- PHEV
Application
- Center Console
- Dashboard
- Doors
- Footwell
Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Research Methodology of Market Research
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Reasons to Purchase this Report
Understanding the MarketA Comprehensive Dive We'll analyze the market from top to bottom, considering all the factors that matter, both money-related and other things. We'll tell you how big each part of the market is, down to the smallest detail. Who's on Top and Where's It All Happening? We'll show you which part of the market is growing the fastest and who's the boss. We'll break it down by region and tell you what's making it tick in each place. Who's Who in the Zoo? We'll give you the lowdown on the big players in the market, including who's ranking where. We'll also cover any new products or services they're launching, any partnerships they're making, and any businesses they're buying or starting. Company ProfilesGet the Inside Scoop We'll introduce you to each major player, telling you all about their history, their strategies, and how their products stack up against the competition. Market OutlookWhat's Ahead? We'll give you a sneak peek into the future, showing you what challenges and opportunities lie ahead for the market, both in the U.S. and around the globe. Forces at PlayPorter's Five We'll use Porter's Five Forces analysis to break down the market even further, showing you the forces that are shaping it. Value ChainWhere the Value Flows We'll map out the value chain to show you how the market creates value for customers. Market DynamicsGrowth Opportunities We'll explore the market's dynamics and identify potential growth areas for the years to come. SupportWe're Here for You And of course, we'll be here to answer any questions you have for the next six months after you purchase our report.
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Pivotal Questions Answered in the Study
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