North America to Dominate the Global Automotive Passenger Car Ambient Lighting Market till 2026
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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