Automotive Interior Ambient Lighting Market Is Likely To Reach A Valuation Of Around USD 4.59 Billion By 2025: Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to a report by Grand View Research, Inc., global automotive interior ambient lighting market is anticipated to value USD 4.59 billion by 2025. Growing requirement for stylish vehicle interiors to enhance its attractiveness at affordable prices is anticipated to propel demand for automotive interior ambient lighting.

According to a report by Grand View Research, Inc., global automotive interior ambient lighting market is anticipated to value USD 4.59 billion by 2025. Growing requirement for stylish vehicle interiors to enhance its attractiveness at affordable prices is anticipated to propel demand for automotive interior ambient lighting. This ambient lighting is likely to offer comfort, safety, and convenience to passengers. It can also offer enhanced visual comfort for driver to identify instrument panel and dashboard while driving at night.

Growing concerns regarding safety of passengers and drivers against accidents while driving at night can influence growth of market. Rising awareness about energy efficient lighting systems coupled with increasing sales of ultra-luxury vehicles can augment market growth. Continual advancements in automotive lighting technology can stimulate growth of market during the forecast period (2014 to 2025).     

Full Research Report On Automotive Interior Ambient Lighting Market Analysis: 
https://www.grandviewresearch.com/industry-analysis/automotive-interior-ambient-lighting-market

U.S. automotive interior ambient lighting market size, by application, 2014-2025 (USD Million)

The automotive interior ambient lighting market can be segregated on the basis of application, vehicle type, and region. Based on application, the market can be categorized into footwell, doors, dashboard, and others. The dashboard segment can exhibit highest CAGR during the forecast period attributed to rising sales of ultra-luxury cars. Automotive interior ambient lighting can help illuminate and improve recognition of controls and switches on dashboard and instrument panel. This can eliminate the need for manually feeding controls during night drives. In addition, it can also improve alertness and reduce dizziness, stress, and strain on eyes.

Similarly, use of advanced lighting on footwell can improve overall ambience of any car. In addition, it can also enhance visibility of objects on footwell as well as illuminate brakes during night drives and emergency situations. The segment is expected to witness significant growth at CAGR of 6.8% over the forecast period.

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Global automotive interior ambient lighting market share, by vehicle type, 2016 (%)

Moreover, ambient lighting in automobiles highlight door latches can also be helpful for passengers to exit quickly. In addition, it can also provide enough lighting for stationary and moving vehicles to identify open door or passenger exiting from car. Other application areas of ambient lighting in vehicles can include glove box, overhead consoles, rear seats, headliner, and trunks.     

Based on vehicle type, the market can be classified into green cars and conventional cars. In 2016, conventional cars segment dominated the market and accounted for largest market share. It is expected to witness growth at CAGR of 7% over the forecast period. The segment can include passenger cars or road vehicles such as luxury cars, vans, SUVs, and sedans. They vehicles are likely to be manufactured for transporting passengers and are designed for more than five individuals.

On the contrary, greens cars segment can include plug-in hybrid electric vehicles (PHEVs) and battery electric vehicles (BEVs). BEVs are likely to use chemical energy harnessed from rechargeable battery packs and have no internal energy combustion engines. They can be maintained easily and are eco-friendly.

Regional segmentation includes Europe, North America, Asia Pacific, and South America. In 2016, North America dominated the market and accounted for largest market share. It is expected to witness moderate growth over the forecast period. Rising incorporation of ambient lighting in all mid-segment and premium vehicles coupled with increasing number of luxury vehicles can augment growth. In addition, prevalence of major manufacturers of luxury vehicles such as Audi, BMW, Mercedes Benz, and Volkswagen group is expected to influence growth of market in this region.

In Asia Pacific, the market is expected to grow well during the forecast period attributed to increase in vehicle production and sale in developing economies such as India and China. The region is anticipated to witness CAGR over the forecast period owing to high prevalence of prominent luxury vehicle manufacturers in the region. In addition, rising demand for such vehicles can also augment market growth.

In South America, automotive manufacturers in Brazil are expected to be leading exporters of automobiles in the region. Although the region is likely to lack in safety measures and systems, rising emphasis on vehicle safety standards can drive growth of market in the region.

Some of the leading companies offering automotive interior ambient lighting are Federal-Mogul Holdings LLC, Grupo Antolin, Philips Lighting, Pacific Insight Electronics Corp., and Texas Instruments Incorporated.

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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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