Mon. Nov 29th, 2021

Improving economic conditions and rising concerns for vehicle safety are expected to drive the demand for global automotive passenger car ambient lighting market during the forecast period.

According to TechSci Research report, “Global Automotive Passenger Car Ambient Lighting Market By Vehicle Type (Hatchback, Sedan, SUV/MPV), By Application (Footwell, Door, Dashboard, Others), By Type (Interior and Exterior), By Company, By Region, Forecast & Opportunities, 2026”, the global automotive passenger car ambient lighting market is expected to witness significant growth in the next five years on account of easy availability of aftermarket solutions. Preference shift of the consumers towards comfort and safety features in automobiles along with increase in sales of luxury vehicles containing navigation and infotainment facility is majorly influencing the automotive passenger car ambient lighting market. Installation of advanced functionalities and mood enhancing features integrated in automobiles to improve the overall driving experience is fostering the market growth for the predicted period. High investments are made for research and development to upgrade the existing technologies and produce technologically advanced components which are light in weight, small in size and energy efficient in nature. Plethora of vehicles use high intensity beam light for better visibility at night-time. This bright light when falls onto the driver coming from the opposite side, it may lead to sudden discomfort to driver resulting in road accidents. Several leading authorities are coming up with safety norms and regulations to install adaptive lights in vehicles to ensure safety of the vehicles. Several original equipment manufacturers for automobiles and lighting system manufacturers are joining hands to lower the costs associated with installing ambient lighting in the vehicles. Also, the demand for energy efficient lighting solutions is attributing to the rise in demand in the market. Owing to its advantages such as low power consumption, higher output, and enhanced durability, the LED light segment is the preferred segment in the global passenger ambient lighting market.

However, high cost involved in installing ambient lighting by original equipment providers and price fluctuations in raw materials used for ambient lighting may create hindrance to the growth of global automotive passenger car ambient lighting market.

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Global automotive passenger car ambient lighting market is segmented into vehicle type, application, type, region, and company. Based on type, market is further bifurcated into interior and exterior segment. Interior lighting segment is expected to grow at a significant rate during the forecast period. Interior lighting consists of ambient lighting, car body lighting, reading lights and roof console. Surge in adoption of interior lighting in mid and high-end vehicles is on rise. Recyclable, reliable, wireless connectivity are features automobile manufacturers are incorporating into interior lighting to influence the market demand. Car body lighting provides functional lighting with enhanced looks to the car. Reading lights installed in cars aids people riding automobiles to read at their convenience during the night-time. Based on application, market is divided into footwell, door, dashboard, and others. Dashboard segment is anticipated to hold a majority share during the forecast period. Increasing demand for luxury vehicles and vehicles containing ambient lighting are the major drivers for dashboard segment growth during the forecast period.

Federal-Mogul LLC, HELLA KGaA Hueck & Co., Robert Bosch GmbH, Koito Manufacturing Co., Ltd, OSRAM Licht AG, General Electric, Valeo S.A., Stanley Electric Co., Ltd, Grupo Antolin, Dräxlmaier Group are the leading players operating in global automotive passenger car ambient lighting market. Manufacturers are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several automotive ambient lighting manufacturers are coming up with their technologically advanced offerings.

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“Adoption of latest technologies in automobiles to increase the efficiency of vehicle and convenience to the consumers, automotive original equipment manufacturers prefer to test their models on-road which helps them to lower the cost of integration of ambient lighting in vehicles. Installation of ambient lighting in automobiles along with connectivity facility provided by manufacturers in vehicles to ensure safety, with the use of interactive technology to change lightening intensity in case of lower fuel and accidents is expected to foster the growth of global automotive passenger car ambient lighting market till 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Global Automotive Passenger Car Ambient Lighting Market By Vehicle Type (Hatchback, Sedan, SUV/MPV), By Application (Footwell, Door, Dashboard, Others), By Type (Interior and Exterior), By Company, By Region, Forecast & Opportunities, 2026” has evaluated the future growth potential of global automotive passenger car ambient lighting market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the of global automotive passenger car ambient lighting market.

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