The Ambiance Lighting Market for automotive is estimated to grow at a CAGR of 14.41% from 2017 to 2022. It is projected to reach USD 5.30 billion by 2022 from an estimated USD 2.71 billion in 2017. The ambiance lighting market for automotive is driven by the increasing vehicle production, rising installation rate of ambiance lighting, and growing demand for luxury vehicles.
The ambiance lighting for automotive has evolved from basic interior lighting (Reading lamp, glove box lighting) to dashboard lighting, doors, footwell, center console, and other applications. Earlier, ambiance lighting was available for luxury and premium cars only. However, constant development of technology and increasing demand from lower vehicle segment users have resulted in increasing installation of ambiance lighting in low and mid-segment cars. Thus, the next phase of growth in the market will be seen in low to mid-segment cars in developing countries such as India and China.
“dashboard lighting to drive the ambiance lighting MARKET for automotive”
By application, the ambiance lighting market for automotive is dominated by footwell and doors as these are the most common ambiance lighting applications. Also, these are the least driver distracting applications. However, dashboard lighting is expected to be the fastest growing market during the forecast period. Automotive dashboard lighting is mostly available in luxury and premium vehicles. However, increasing demand has compelled OEMs to install dashboard lighting in low-mid segment cars. The increasing inclination toward luxury has created new opportunities for tier 1 suppliers.
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“Asia oceania SET TO BE the fastest growing MARKET IN THE NEAR FUTURE”
Asia Oceania is considered as a production hub for the automotive industry, particularly for low-mid segment cars. However, in a country like the US, there is a high demand for luxury cars that are equipped with ambiance lighting. In addition, the increase in purchasing power of the population has driven the demand for ambiance lighting market for automotive.
North America is estimated to be the second largest consumer of ambiance lighting, followed by Europe. The dominance of luxury and premium vehicles in these regions has resulted in a high penetration of ambiance lighting. The fast growth of the Asia Oceania ambiance lighting market can be attributed to the increased vehicle production and availability of cheap labor and raw materials. The increasing vehicle production leads to a higher vehicle parc and creates market opportunities for Tier 1 players and other supply chain members.
Key Players:
The automotive ambient lighting market is dominated by players such as HELLA KGaA Hueck & Co. (Germany), OSRAM Licht AG (Germany), Grupo Antolin (Spain), Federal-Mogul LLC (US), and Koito Manufacturing Co., Ltd. (Japan). Hella is one of the leading players in the automotive ambient lighting market. The company has a wide product portfolio and supplies ambient lighting systems to BMW AG (Germany), Ford Motor Company (US), and Daimler AG (Germany). The company thus operates in both the mass market as well as the niche market for ambient lighting for automotive.
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