Global Automotive Ambient Lighting Market - 2022-2029
Description
Global Automotive Ambient Lighting Market - 2022-2029
Market Overview
The global automotive ambient lighting market size was worth US$ XX Million in 2021 and is estimated to reach US$ XX million by 2029, growing at a CAGR of XX% during the forecast period (2022-2029).
Ambient lighting refers to LED lighting placed in different parts of a car's interior apart from the instrument panel and dashboard. Ambient lighting creates an advanced and luxurious feel for the vehicle interior. It helps to create a soothing atmosphere for the driver and the passengers. However, ambient lighting is used purely for cosmetic purposes and does not serve any safety function.
Market Dynamics
The demand for automotive ambient lighting is driven primarily by increasing demand for premium and ultra-luxury vehicles globally. Strong global economic growth and rising disposable incomes are the main driving trends for the automotive ambient lighting market. The high cost of integrating ambient lighting in vehicles is seen as a key challenge for the growth of this market.
Growing demand for the premium segment and ultra-luxury vehicles
In recent years, the strong global economic growth experienced in recent years, particularly in emerging markets has led to wealth creation, rising disposable incomes, and positive socio-economic outcomes. The emergence of a wealthy upper-middle-class has fueled rising demand for premium and ultra-luxury passenger cars. Ambient lighting is a key feature in ultra-luxury vehicles and their increasing production is expected to drive the global automotive ambient lighting market.
High cost of integrating ambient lighting in luxury vehicles
Ambient lighting is a purely cosmetic accessory and does not impart any safety benefits to the vehicle. Integrating ambient lighting with original equipment incurs a high cost for automobile manufacturers. Many luxury carmakers offer ambient lighting as standard, only in the high-end variants of their models. In contrast, it is offered as an extra accessory in the lower-end variants. The high price premium for getting ambient lighting in a luxury vehicle is unattractive to many consumers. The high cost of integrating ambient lighting in luxury vehicles is a key challenge for the growth of this market.
COVID-19 impact analysis
The automotive industry experienced sharp declines in production and sales in 2020 due to the COVID-19 pandemic. Governments globally imposed lockdowns to curb the pandemic's spread and many manufacturers had to suspend operations temporarily. Industrial manufacturing is a highly capital-intensive business and thus, many component manufacturers were facing bankruptcy. Vehicle production resumed in a limited capacity after lifting the lockdowns.
The COVID-19 pandemics' knock-on effects on the global supply chains have caused shortages of essential components for the automotive industry. It has led to long lead times and reduced production rates, even after the complete lifting of pandemic-related restrictions. The pandemic will have a negligible impact on the medium to long-term growth of the automotive ambient lighting market since the demand for luxury vehicles, especially in emerging markets, remains strong and will continue to grow significantly in the coming years.
Segment Analysis
The automotive ambient lighting market is segmented on technology, application, propulsion, vehicle type and region. The global automotive ambient lighting market is segmented into hatchback, executive sedan, SUV, cabriolet, limousine and sports car based on vehicle type. Executive sedan dominates this segment since it is the largest selling type of luxury vehicle globally, outpacing all other luxury vehicles.
Geographical Analysis
Asia-Pacific is leading the global automotive ambient lighting market. The region accounts for the largest market share, primarily due to major emerging markets such as China, India, Indonesia, Malaysia, Thailand, and Vietnam and developed automotive markets like Japan and South Korea.
China is the largest luxury vehicle market globally, with more than 2.53 million luxury vehicles sold in 2020. The unprecedented economic growth experienced by China over the past couple of decades has transformed the country into the world's second-largest economy. It has led to the emergence of a large upper-middle-class fueling the demand for luxury vehicles.
Competitive Landscape
The global automotive ambient lighting market is highly competitive due to the wide variety of lighting options available from different manufacturers. Some of the major players contributing to the growth in the segment are Osram GmBH, HELLA GmbH & Co. KGaA, Valeo, Tenneco Inc., Koito Manufacturing Co. Ltd., Grupo Antolin, Marelli Holdings Co. Ltd, Stanley Electric Co. Ltd, Koninklijke Philips N.V., LSI Industries Inc. The significant players adopt several growth strategies such as new product launches, acquisitions, joint ventures and collaborations, contributing to global growth in the industry.
Osram GmBH
Overview: Osram GmBH is a global semiconductors and photonics company operating in over 120 countries. The company was established in 1919 and is headquartered in Munich, Germany.
Product Portfolio
OSIRE E3323 is a compact LED system designed for automotive ambient lighting applications. It has a color range of red, true green and blue with a current operating range of 10 to 50 mA.
Key Developments: In 2021, Osram GmBH launched TSL2585, a new generation ambient light sensor for automotive applications.
Why Purchase the Report?
Visualize the composition of the automotive ambient lighting market segmentation by technology, application, propulsion, vehicle type and region, highlighting the critical commercial assets and players.
Identify commercial opportunities in the automotive ambient lighting market by analyzing trends and co-development deals.
Excel data sheet with thousands of automotive ambient lighting market-level 4/5 segmentation data points.
PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
Product mapping in excel for the critical product of all major market players
The global automotive ambient lighting market report would provide access to an approx. 84 market data tables, 92 figures and 180 pages.
Target Audience
Automotive component manufacturers
Vehicle manufacturers
Industry Investors/Investment Bankers
Education & Research Institutes
Research Professionals
Market Overview
The global automotive ambient lighting market size was worth US$ XX Million in 2021 and is estimated to reach US$ XX million by 2029, growing at a CAGR of XX% during the forecast period (2022-2029).
Ambient lighting refers to LED lighting placed in different parts of a car's interior apart from the instrument panel and dashboard. Ambient lighting creates an advanced and luxurious feel for the vehicle interior. It helps to create a soothing atmosphere for the driver and the passengers. However, ambient lighting is used purely for cosmetic purposes and does not serve any safety function.
Market Dynamics
The demand for automotive ambient lighting is driven primarily by increasing demand for premium and ultra-luxury vehicles globally. Strong global economic growth and rising disposable incomes are the main driving trends for the automotive ambient lighting market. The high cost of integrating ambient lighting in vehicles is seen as a key challenge for the growth of this market.
Growing demand for the premium segment and ultra-luxury vehicles
In recent years, the strong global economic growth experienced in recent years, particularly in emerging markets has led to wealth creation, rising disposable incomes, and positive socio-economic outcomes. The emergence of a wealthy upper-middle-class has fueled rising demand for premium and ultra-luxury passenger cars. Ambient lighting is a key feature in ultra-luxury vehicles and their increasing production is expected to drive the global automotive ambient lighting market.
High cost of integrating ambient lighting in luxury vehicles
Ambient lighting is a purely cosmetic accessory and does not impart any safety benefits to the vehicle. Integrating ambient lighting with original equipment incurs a high cost for automobile manufacturers. Many luxury carmakers offer ambient lighting as standard, only in the high-end variants of their models. In contrast, it is offered as an extra accessory in the lower-end variants. The high price premium for getting ambient lighting in a luxury vehicle is unattractive to many consumers. The high cost of integrating ambient lighting in luxury vehicles is a key challenge for the growth of this market.
COVID-19 impact analysis
The automotive industry experienced sharp declines in production and sales in 2020 due to the COVID-19 pandemic. Governments globally imposed lockdowns to curb the pandemic's spread and many manufacturers had to suspend operations temporarily. Industrial manufacturing is a highly capital-intensive business and thus, many component manufacturers were facing bankruptcy. Vehicle production resumed in a limited capacity after lifting the lockdowns.
The COVID-19 pandemics' knock-on effects on the global supply chains have caused shortages of essential components for the automotive industry. It has led to long lead times and reduced production rates, even after the complete lifting of pandemic-related restrictions. The pandemic will have a negligible impact on the medium to long-term growth of the automotive ambient lighting market since the demand for luxury vehicles, especially in emerging markets, remains strong and will continue to grow significantly in the coming years.
Segment Analysis
The automotive ambient lighting market is segmented on technology, application, propulsion, vehicle type and region. The global automotive ambient lighting market is segmented into hatchback, executive sedan, SUV, cabriolet, limousine and sports car based on vehicle type. Executive sedan dominates this segment since it is the largest selling type of luxury vehicle globally, outpacing all other luxury vehicles.
Geographical Analysis
Asia-Pacific is leading the global automotive ambient lighting market. The region accounts for the largest market share, primarily due to major emerging markets such as China, India, Indonesia, Malaysia, Thailand, and Vietnam and developed automotive markets like Japan and South Korea.
China is the largest luxury vehicle market globally, with more than 2.53 million luxury vehicles sold in 2020. The unprecedented economic growth experienced by China over the past couple of decades has transformed the country into the world's second-largest economy. It has led to the emergence of a large upper-middle-class fueling the demand for luxury vehicles.
Competitive Landscape
The global automotive ambient lighting market is highly competitive due to the wide variety of lighting options available from different manufacturers. Some of the major players contributing to the growth in the segment are Osram GmBH, HELLA GmbH & Co. KGaA, Valeo, Tenneco Inc., Koito Manufacturing Co. Ltd., Grupo Antolin, Marelli Holdings Co. Ltd, Stanley Electric Co. Ltd, Koninklijke Philips N.V., LSI Industries Inc. The significant players adopt several growth strategies such as new product launches, acquisitions, joint ventures and collaborations, contributing to global growth in the industry.
Osram GmBH
Overview: Osram GmBH is a global semiconductors and photonics company operating in over 120 countries. The company was established in 1919 and is headquartered in Munich, Germany.
Product Portfolio
OSIRE E3323 is a compact LED system designed for automotive ambient lighting applications. It has a color range of red, true green and blue with a current operating range of 10 to 50 mA.
Key Developments: In 2021, Osram GmBH launched TSL2585, a new generation ambient light sensor for automotive applications.
Why Purchase the Report?
Visualize the composition of the automotive ambient lighting market segmentation by technology, application, propulsion, vehicle type and region, highlighting the critical commercial assets and players.
Identify commercial opportunities in the automotive ambient lighting market by analyzing trends and co-development deals.
Excel data sheet with thousands of automotive ambient lighting market-level 4/5 segmentation data points.
PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
Product mapping in excel for the critical product of all major market players
The global automotive ambient lighting market report would provide access to an approx. 84 market data tables, 92 figures and 180 pages.
Target Audience
Automotive component manufacturers
Vehicle manufacturers
Industry Investors/Investment Bankers
Education & Research Institutes
Research Professionals
Table of Contents
180 Pages
- 1. Global Automotive Ambient Lighting Market Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Objective and Scope of the Report
- 2. Global Automotive Ambient Lighting Market – Market Definition and Overview
- 3. Global Automotive Ambient Lighting Market – Executive Summary
- 3.1. Market Snippet by Technology
- 3.2. Market Snippet by Application
- 3.3. Market Snippet by Propulsion
- 3.4. Market Snippet by Vehicle Type
- 3.5. Market Snippet by Region
- 4. Global Automotive Ambient Lighting Market-Market Dynamics
- 4.1. Market Impacting Factors
- 4.1.1. Drivers
- 4.1.2. The growing global demand for luxury vehicles.
- 4.1.3. XX
- 4.1.4. Restraints
- 4.1.5. The high cost of integrating ambient lighting in luxury vehicles.
- 4.1.6. XX
- 4.1.7. Opportunity
- 4.1.7.1. XX
- 4.1.8. Impact Analysis
- 5. Global Automotive Ambient Lighting Market – Industry Analysis
- 5.1. Porter's Five Forces Analysis
- 5.2. Supply Chain Analysis
- 5.3. Pricing Analysis
- 5.4. Regulatory Analysis
- 6. Global Automotive Ambient Lighting Market – COVID-19 Analysis
- 6.1. Analysis of COVID-19 on the Market
- 6.1.1. Before COVID-19 Market Scenario
- 6.1.2. Present COVID-19 Market Scenario
- 6.1.3. After COVID-19 or Future Scenario
- 6.2. Pricing Dynamics Amid COVID-19
- 6.3. Demand-Supply Spectrum
- 6.4. Government Initiatives Related to the Market During Pandemic
- 6.5. Manufacturers Strategic Initiatives
- 6.6. Conclusion
- 7. Global Automotive Ambient Lighting Market – By Technology
- 7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 7.1.2. Market Attractiveness Index, By Technology
- 7.2. OLED Lighting
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 7.3. LED Lighting
- 8. Global Automotive Ambient Lighting Market – By Application
- 8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application Segment
- 8.1.2. Market Attractiveness Index, By Application Segment
- 8.2. Dashboard
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 8.3. Footwell
- 8.4. Doors
- 8.5. Centre Console
- 8.6. Others
- 9. Global Automotive Ambient Lighting Market – By Propulsion
- 9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Propulsion Segment
- 9.1.2. Market Attractiveness Index, By Propulsion Segment
- 9.2. Internal Combustion Engine (ICE)
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 9.3. Hydrogen Fuel Cell (FCV)
- 9.4. Battery Electric Vehicle (BEV)
- 9.5. Hybrid
- 10. Global Automotive Ambient Lighting Market – By Vehicle Type
- 10.1. Introduction
- 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Vehicle Type Segment
- 10.1.2. Market Attractiveness Index, By Vehicle Type Segment
- 10.2. Hatchback
- 10.2.1. Introduction
- 10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 10.3. Executive Sedan
- 10.4. Sports Utility Vehicle (SUV)
- 10.5. Cabriolet
- 10.6. Limousine
- 10.7. Sports Car
- 11. Global Automotive Ambient Lighting Market – By Region
- 11.1. Introduction
- 11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 11.1.2. Market Attractiveness Index, By Region
- 11.2. North America
- 11.2.1. Introduction
- 11.2.2. Key Region-Specific Dynamics
- 11.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology Type
- 11.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Propulsion
- 11.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Vehicle Type
- 11.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.2.7.1. U.S.
- 11.2.7.2. Canada
- 11.2.7.3. Mexico
- 11.3. Europe
- 11.3.1. Introduction
- 11.3.2. Key Region-Specific Dynamics
- 11.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 11.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Propulsion
- 11.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Vehicle Type
- 11.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.3.7.1. Germany
- 11.3.7.2. UK
- 11.3.7.3. France
- 11.3.7.4. Italy
- 11.3.7.5. Spain
- 11.3.7.6. Rest of Europe
- 11.4. South America
- 11.4.1. Introduction
- 11.4.2. Key Region-Specific Dynamics
- 11.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 11.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Propulsion
- 11.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Vehicle Type
- 11.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.4.7.1. Brazil
- 11.4.7.2. Argentina
- 11.4.7.3. Rest of South America
- 11.5. Asia-Pacific
- 11.5.1. Introduction
- 11.5.2. Key Region-Specific Dynamics
- 11.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 11.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Propulsion
- 11.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Vehicle Type
- 11.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.5.7.1. China
- 11.5.7.2. India
- 11.5.7.3. Japan
- 11.5.7.4. South Korea
- 11.5.7.5. Rest of Asia-Pacific
- 11.6. Middle East and Africa
- 11.6.1. Introduction
- 11.6.2. Key Region-Specific Dynamics
- 11.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 11.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Propulsion
- 11.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Vehicle Type
- 12. Global Automotive Ambient Lighting Market – Competitive Landscape
- 12.1. Competitive Scenario
- 12.2. Market Positioning/Share Analysis
- 12.3. Mergers and Acquisitions Analysis
- 13. Global Automotive Ambient Lighting Market- Company Profiles
- 13.1. Osram GmBH
- 13.1.1. Company Overview
- 13.1.2. Product Portfolio and Description
- 13.1.3. Key Highlights
- 13.1.4. Financial Overview
- 13.2. HELLA GmbH & Co. KGaA
- 13.3. Valeo
- 13.4. Tenneco Inc.
- 13.5. Koito Manufacturing Co. Ltd.
- 13.6. Grupo Antolin
- 13.7. Marelli Holdings Co. Ltd
- 13.8. Stanley Electric Co. Ltd
- 13.9. Koninklijke Philips N.V.
- 13.10. LSI Industries Inc.
- LIST NOT EXHAUSTIVE
- 14. Global Automotive Ambient Lighting Market – Premium Insights
- 15. Global Automotive Ambient Lighting Market – DataM
- 15.1. Appendix
- 15.2. About Us and Services
- 15.3. Contact Us
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