Market Synopsis:
Ambient lighting a relatively newer addition to the lighting industry. It is gaining popularity and is likely to gain quick mileage over the next couple of years. The rising demand from automotive and aviation industry is expected to drive the growth pace of the market in the years to come. In addition, the growth of the construction industry is also projected to support the growth pattern of the market in the nearby future. The key advantages offered by the product are energy savings, easy installation, reliable performance, low-cost maintenance, optimum brightness, precise illumination, attractive lighting, and greater efficiency, among others. This, in turn, is projected to catalyze expansion of the ambient lighting market in the forthcoming years.
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Competitive Dashboard:
The global ambient lighting market is characterized by the consolidation of international and regional players. Some of the leading market players are Philips Lighting Holding B.V. (Netherlands), Enterprise Lighting LTD (U.S.), General Electric Company (U.S.), OSRAM Licht GmBH (Germany), and Unity Technologies SF (U.S.). Other noted players of the ambient lighting market are Cree, Inc. (U.S.), Häfele GmbH & Co KG (Germany), Acuity Brands Lighting Inc. (U.S.), Pasolite (India), Thorn Lighting (U.K), and LIGMAN Lighting Co., Ltd. (Thailand) among others. The participants of the market are investing in technological innovations which are prognosticated to intensify competition in the global market place over the next couple of years. The execution of growth strategies such as mergers & acquisitions, collaborations, agreements, etc. is likely to result in robust competition among the players in the years to come.
Market Segmentation:
The different types identified in this report on ambient lighting market are down lighting, suspended lighting, surface mounted lighting, track lighting, and others.
The segments of the ambient lighting market, based on component, are hardware, services software, and others.
Application-wise segments of the global ambient lighting market cover residential and commercial. The sub-segments of the commercial segment are automotive, offices, and hospitals.
Regional Assessment:
The geographical analysis of the global ambient lighting market is included in this MRFR study on regional and country-level basis. The major regional segments assessed in this study are – North America, Asia Pacific (APAC), Europe, and the Rest of the World (RoW). North America is a global leader and is anticipated to contribute most substantially to revenue creation in the global market place. It is assessed to hold the dominant share of the global ambient lighting market over the evaluation period. Proliferating applications of the product across residential and commercial sectors are poised to catalyze market growth over the next couple of years. Europe is also poised to witness significant growth and maintain its standing at the second spot across the forecast period. The region is likely to witness rising demand from both industrial and commercial sectors in the years to come.
Asia Pacific is a potential market and is expected to exhibit steep growth curve over the next few years. Increasing demand from the construction and automotive industries is poised to lead the growth pattern of the ambient lighting market in the region in the foreseeable future. In addition, these end-user industries are also prognosticated to grow rapidly in the nearby future. This, in turn, is poised to boost the growth of the regional market across the assessment period. Other factors set to motivate the growth of the regional market are rising standards of living, increasing disposable income, growing upper-middle-class population, etc.
TABLE OF CONTENTS
1 Market Introduction
1.1 Introduction
1.2 Scope Of Study
1.2.1 Research Objective
1.2.2 Assumptions
1.2.3 Limitations
1.3 Market Structure:
1.3.1 Global Ambient Lighting Market: By Type
1.3.2 Global Ambient Lighting Market: By Components
1.3.3 Global Ambient Lighting Market: By Applications
1.3.4 Global Ambient Lighting Market: By Region
2 Research Methodology
2.1 Research
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
3 Market Dynamics
3.1 Introduction
3.2 Market Drivers
3.3 Market Challenges
3.4 Market Opportunities
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LIST OF TABLES
Table 1 Ambient Lighting Market, By Type
Table 2 Ambient Lighting Market, By Components
Table 3 Ambient Lighting Market, By Applications
LIST OF FIGURES
Figure 1 Research Methodology
Figure 2 Ambient Lighting Market: By Type (%)
Figure 3 Ambient Lighting Market: By Components (%)
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