The projected growth of the automotive ambient lighting market indicates that it will reach USD 6.2 billion by 2027, with a compound annual growth rate (CAGR) of 10.6% from 2022 to 2027. The market’s expansion is primarily driven by the increasing demand for premium vehicles and the growing adoption of LED-based lighting in cars within the C&D segment. Consumers are increasingly inclined towards personalized and distinctive features in their vehicles, leading to the popularity of ambient lighting. Additionally, factors such as urbanization and rising per capita income, especially in developing countries, have influenced consumer preferences, contributing to the growth of the automotive ambient lighting market.
Among the different segments, the dashboard ambient lighting market is expected to witness the fastest growth during the forecast period. The emphasis on luxury and comfort has led to increased installations of ambient lighting in dashboards. In North America, the penetration of E&F segment cars and advancements towards autonomous vehicles have further accelerated the adoption of advanced lighting systems, such as augmented reality, in dashboards. North America stands as the second-largest market for dashboard ambient lighting in the automotive sector.
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Within the automotive ambient lighting market, the D segment vehicles hold the largest share. The growth of this segment can be attributed to the increasing production of passenger cars and the higher installation rate of ambient lighting in the low and mid-segment cars. Luxury features, including ambient lighting, infotainment units, and unique interior designs, are being incorporated by original equipment manufacturers (OEMs) to attract consumers. The trend of installing ambient lighting in D-segment cars, for applications like center consoles, dashboards, headliners, and armrests, is expected to continue in the coming years, further driving the market’s growth.
In terms of the original equipment (OE) market, Asia Pacific is projected to be the fastest-growing region in 2022. Asia Pacific is a major production hub for the automotive industry, particularly for low and mid-segment cars, which have experienced significant growth in recent years. Despite the challenges posed by the COVID-19 pandemic, countries like China, India, South Korea, and Brazil have shown positive growth trends in the C&D segment cars. Additionally, there is an increasing demand for premium vehicles in the region. The combination of rising vehicle production, evolving consumer preferences for customization, and the growth of the middle-class population’s purchasing power is expected to drive vehicle demand and fuel the growth of the automotive ambient lighting market in Asia Pacific.
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Major companies in the automotive ambient lighting market include HELLA, Valeo S.A., ams OSRAM, Grupo Antolin, Signify (Philips Lighting), Koito Manufacturing Co., Ltd., and Stanley Electric Co., Ltd. These companies play a significant role in the market and are profiled in the study.
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