Automotive Ambient Lighting Market is Expected to Gain USD 9935.34 Million by 2030, Size, Share, Recent Trends, Industry Developments, and Future Growth Outlook
NEW YORK, Jan. 16, 2023 /PRNewswire/ -- Automotive Ambient Lighting Market study by "Data Bridge Market Research" provides details about the market dynamics affecting the Automotive Ambient Lighting market, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favorable competitive landscape and trends prevailing over the years. The Automotive Ambient Lighting market research report is absolutely fair and clear research report designed by masters by using top-notch research techniques and tools. SWOT Analysis and Porter's Five Forces analysis helps to find out the threats, opportunities, strength, and weakness present in the Automotive Ambient Lighting market. The report is a careful examination of the Automotive Ambient Lighting market and gives bits of knowledge about noteworthy techniques, scope, chronicled data, and accurate data of the general market. It moreover joins foreseen bits of knowledge that are evaluated with the assistance of a sensible game plan of frameworks and speculations.
Data Bridge Market Research analyses that the Automotive Ambient Lighting Market is expected to reach USD 9935.34 million by 2030, which is USD 3633.10 million in 2022, at a CAGR of 13.40% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Automotive ambient lighting is a feature that mainly uses interior lights to improve the inside design of the automobile and maybe even soothing passenger and driver. This feature delivers the lightning on the basis of the safety and security, according to the driver's mood and the vehicle's interior appearance. These lights are used in numerous types of vehicles such as commercial vehicles, passenger vehicles and heavy commercial vehicles.
Opportunities
- Increasing focus on the generation of advanced display solutions
Numerous major market players in automotive ambient lighting industry are concentrating on creating advanced and improved display solutions to fulfil the needs and gain new market prospects. For instance, Panasonic Corporation has announced that Mitsubishi Outlander had collaborated with the former's automotive division to incorporate a large-screen windshield HUD into the upcoming SUV in May 2021. Panasonic's HUD uses molding techniques and lens design originally created for digital cameras and high-precision mirror.
Some of the major players operating in the market are:
- Tenneco Inc. (U.S.)
- Koito Manufacturing Co., Ltd (Japan)
- Akzo Nobel N.V. (Netherlands)
- OSRAM GmbH (Germany)
- General Electric (U.S.)
- Koninklijke Philips N.V. (Netherlands)
- Robert Bosch GmbH (Germany)
- Ashland Inc. (U.S.)
- PARKER HANNIFIN CORP (U.S.)
- Texas Instruments Incorporated. (U.S.)
- VALEO (France)
- Mercedes-Benz Group AG. (Germany)
- Ford Motor Company (U.S.)
- Franklin International (U.S.)
- HYUNDAI MOBIS (Sweden)
- Mapei S.p.A (Italy)
Recent Development:
In 2021, Hyundai Mobis technology named "lighting grille" technology was unveiled; it involves of an integrated LED lighting system that lightens the complete front grill of a vehicle. It can operate in a several situations, such as sound beat display, welcome light function, autonomous driving mode, EV charging mode and emergency warning light display.
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Key Benefits:
- This research offers a comprehensive analysis of current trends, projections, and dynamics for the years, with the goal of assisting in the identification of current market opportunities.
- The individual market revenue of the major countries in each area is mapped.
- The research examines the Automotive Ambient Lighting Market circumstances on a regional and country-by-country basis.
- The Automotive Ambient Lighting Market's major participants have been identified.
- To understand the competitive environment across geographies, this study assesses the competitive landscape and conducts a value chain analysis.
- An in-depth analysis of the Automotive Ambient Lighting Market's segmentation within the market has been offered, which is predicted to aid in the current market opportunities.
Key Market Segments Covered in Automotive Ambient Lighting Industry Research:
By Product Type
- Dashboard Lights
- Ambient Lighting
- Head-Up Display
- Reading Lights
By Technology
- Halogen
- LED
- Xenon
By Vehicle Type
- Passenger Vehicles
- Commercial Vehicles
- Heavy Commercial Vehicles
By Fuel Type
- Battery Electric Vehicle
- Hybrid Electric Vehicle
- Plug-in Hybrid Electric Vehicle
By Passenger Car
- C
- D
- E
- F
By Application
- Center Console
- Dashboard
- Doors
- Footwall
Automotive Ambient Lighting Market Regional Analysis/Insights:
The countries covered in the automotive ambient lighting market report are report U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the automotive ambient lighting market in revenue growth owing to strong presence of major market players coupled with rapidly growing manufacture of vehicles in this region.
North America is projected to be the fastest developing region during the forecast period of 2023-2030 due to premium cars, which are already prepared with ambient lighting in this region.
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Automotive Ambient Lighting Market Dynamics:
Drivers
- Increasing demand of automotive ambient lighting on the footwall
The usage of ambient lighting on the footwall usually improves the atmosphere, improves the visibility of products on a footwall, and these lights brakes at night and in emergencies. Automobile ambient illumination makes door latches highly visible and enabling speedy evacuation for passengers. Furthermore, it provides sufficient for both moving and stationary vehicles to identify an open door or a passenger getting out of a vehicle. Glove boxes, headliners, overhead consoles, and back seats or trunks are extra areas where ambient lighting is used in cars. Therefore, the increasing demand of automotive ambient lighting on the footwall is expected to drive the market growth.
- Surging usage of halogen technology in automotive ambient lighting
The halogen technology is anticipated to witness substantial demand and growth in automotive ambient lighting market during the forecast period. This will be owing to the ready access and low cost of this technology, which also enhances an aesthetic appeal to the automobile's interior. Moreover, because of their standard design, halogen lamps are easy to use and install, they also have a distinct feature, specifically the "plug-and-play" function. Thus, surging usage of halogen technology in automotive ambient lighting enhances the market growth.
Restraints
- Multiple issues associated with automotive ambient lighting
High costs of OE integration are a major factor restraining the market growth during the forecast period. Other factors such as indeterminate costs of raw materials will further upsurge associated prices and hence make it more appropriate to luxury cars. The requirement for increased power consumption and additional space are two major challenges for the automotive ambient lighting which will hamper the market growth.
This Automotive Ambient Lighting Industry Report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the automotive ambient lighting market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
- Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
- Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Table of Contents:
- Introduction
- Market Segmentation
- Executive Summary
- Premium Insights
- Global Automotive Ambient Lighting Market: Regulations
- Market Overview
- Global Automotive Ambient Lighting Market, By Product Type
- Global Automotive Ambient Lighting Market, By Technology
- Global Automotive Ambient Lighting Market, By Vehicle Type
- Global Automotive Ambient Lighting Market, By Fuel Type
- Global Automotive Ambient Lighting Market, By Passenger Car
- Global Automotive Ambient Lighting Market, By Application
- Global Automotive Ambient Lighting Market: Company Landscape
- SWOT Analyses
- Company Profile
- Questionnaires
- Related Reports
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