Overview and Scope
The automotive ambient lighting refers to soft lighting around the vehicle’s center console, door handles and handles, cup holders, and in some cases, the vehicle’s dashboard and footwell. Surrounding interior lighting is usually considered a pure cosmetic feature that does not provide unique vehicle safety features. Most ambient lighting today is designed to reflect light sources from the inside, determine when the driver enters and exits the vehicle, manipulate driving controls, and affect mood, attention, and comfort.
Sizing and Forecast
The automotive ambient lighting market size has grown strongly in recent years. It will grow from $3.92 billion in 2023 to $4.3 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The growth in the historic period can be attributed to luxury car segment growth, increasing focus on interior aesthetics, rising disposable income, rising trend of night driving, consumer preference for customization.
The automotive ambient lighting market size is expected to see strong growth in the next few years. It will grow to $6.17 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to electrification of vehicles, shift towards autonomous vehicles, rise of shared mobility, globalization of automotive markets, increased urbanization. Major trends in the forecast period include dynamic ambient lighting, health and well-being integration, AR/VR integration, ultra-thin lighting design, subscription-based lighting packages.
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Segmentation & Regional Insights
The automotive ambient lighting market covered in this report is segmented –
1) By Product: Dashboard Lights, Ambient Lighting, Head-up Display, Reading Lights
2) By Technology: Halogen, LED, Xenon
3) By Vehicle Type: Passenger Vehicles, Commercial Vehicles, Heavy Commercial Vehicles
Asia-Pacific was the largest region in the automotive ambient lighting market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive ambient lighting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growth of high-end luxury car sales is expected to propel the automotive lighting market. High-end luxury cars are vehicles with high-quality interiors and many features that are not found in normal cars. The increasing demand for high-end luxury cars resulted in the use of innovative and technologically advanced ambient lights to enhance the safety and security features of luxury cars. For instance, according to a sales report published in January 2022 by Germany-based Mercedes-Benz, a luxury vehicles company, Mercedes-Benz’s plug-in hybrid and electric passenger car deliveries reached a new high of 227,458 units (+69.3 percent), with 48,936 Mercedes-EQ battery electric passenger cars (BEV) (+154.8 percent) from 2021. Therefore, the increase in luxury vehicle demand will drive the automotive ambient lighting market.
Key Industry Players
Major companies operating in the automotive ambient lighting market report are Robert Bosch GmbH, General Electric Company, Panasonic Corporation, Continental AG, Magna International Inc., Flex Ltd., Valeo SA, Lear Corporation, Texas Instruments Incorporated, Koninklijke Philips NV, Tenneco Inc., Parker Hannifin Corporation, Dräxlmaier Group, Koito Manufacturing Company Limited, Osram Licht AG, Gentex Corporation, ZKW Group GmbH, Varroc Lighting Systems SP Z.o.o, Stanley Electric Company Limited, Trilux GmbH & Co. KG, LSI Industries Inc., Innotec Group, Lumileds Holding B.V., Magneti Marelli SpA, Diode Dynamics LLC, Ambright GmbH, Oshino Lamps Limited, Pianfei Solano company, EFI Lighting SAS, Hella KGaA Hueck & Co., CML Innovative Technologies Ltd., Dominant Opto Technologies Sdn. Bhd., Grote Industries LLC, J.W. Speaker Corporation, Lite-On Technology Corporation, NXP Semiconductors N.V.
The automotive ambient lighting market report table of contents includes:
1. Executive Summary
2. Automotive Ambient Lighting Market Characteristics
3. Automotive Ambient Lighting Market Trends And Strategies
4. Automotive Ambient Lighting Market – Macro Economic Scenario
5. Global Automotive Ambient Lighting Market Size and Growth
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32. Global Automotive Ambient Lighting Market Competitive Benchmarking
33. Global Automotive Ambient Lighting Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Automotive Ambient Lighting Market
35. Automotive Ambient Lighting Market Future Outlook and Potential Analysis
36. Appendix
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