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Many market players are forming an alliance to develop and integrate new technologies for a better interior ambient lighting product. For example, Grupo Antolin has partnered with Walter Pack to develop integrated products for the vehicle interior decorating system. These lights provide safety for the driver by better visibility of dashboards and instrument panel while riding at night. The interior ambient lighting is also used for creating color atmospheres and moods. The increasing demand for luxury and high-end vehicles is likely to drive the automotive interior ambient lighting market. The technological advancements in interior ambient lighting are also expected to propel the market. The rising adoption of OLED technology owing to factors such as low space and power consumption over the incandescent based lighting systems.
Key Market Driver -
The increasing demand for the high end luxury cars is the key factor driving the growth of global automotive interior ambient lighting market
Key Market Restraint -
The high integration cost of the interior lighting system is expected to restrain the market’s growth.
The sales of luxury cars are rising in Europe, North America, and Asia-Pacific, which in turn, is likely to boost the demand for the automotive interior ambient lighting market over the forecast period. The high integration cost of the interior lighting system is expected to hamper the growth of the market over the forecast period. Also, the OEMs are likely to face challenges such as increased power consumption and additional space for the interior ambient lighting in the cars.
The major players that are present in the global automotive interior ambient lighting market include Hella GmbH & Co. KGaA, DRAXLMAIER Group, Grupo Antolin, Schott Inc., OSRAM Opto Semiconductors GmbH, among others.
Globally, the automotive interior ambient lighting market has been segmented based on the application, vehicle type, technology, market, and region. Based on the application type, the further market has been segmented into the dashboard lights, ambient lights, center stack lights, reading lamps, head-up displays, and dome &map lighting. The dashboard lights segment is anticipated to dominate the market over the forecast period. The increasing sales of the ultra-luxury cars and also as dashboard lights help to illuminate and easily visualize the control panel on the dashboards are the factors that are driving this segment’s growth in the market.
Based on vehicle type, further, the automotive interior ambient lighting market has been segmented into passenger cars and commercial vehicles. The passenger car segment is expected to dominate the market over the forecast period. Increased sales of passenger cars in developing countries and also growing adoption of the interior ambient lighting in passenger cars has helped the passenger car segment’s growth in the market. The commercial vehicle segment is also expected to show good growth in this market over the forecast period.
By technology type, further, the market has been segmented into halogen, LED, and xenon. The LED segment is expected to dominate the market over the forecast period owing to its capabilities such as energy-efficient, brighter illumination, and durability & low cost.
By market, further, the market has been segmented into OEM and aftermarket. The aftermarket segment is expected to dominate the market over the forecast period. the growing customization trend for the ambient lighting in the cars is likely to drive this segment’s growth in the market
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Geographically, the market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world (RoW). North America is expected to dominate the automotive interior ambient lighting market over the forecast period. The increasing sales of luxury cars in this region is expected to boost the market’s growth in this region. Asia Pacific is also expected to show good growth in this market over the forecast period owing to factors such as the increasing adoption rate of the interior ambient lighting in passenger cars and also increasing sales of passenger cars in developing countries such as China and India. Europe is also expected to show good growth in the automotive interior ambient lighting market over the forecast period.
By Vehicle Type
Key Industry Developments:
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