PUBLISHER: The Business Research Company | PRODUCT CODE: 1435678
PUBLISHER: The Business Research Company | PRODUCT CODE: 1435678
Automotive ambient lighting encompasses gentle illumination positioned around the vehicle's center console, door handles, cup holders, and sometimes extends to the dashboard and footwell. Typically viewed as a purely cosmetic attribute, interior ambient lighting doesn't inherently offer distinct safety features for vehicles. Presently, ambient lighting is primarily crafted to reflect internal light sources, detecting driver entry and exit, influencing driving controls, and contributing to mood, focus, and overall comfort levels.
The primary products within automotive ambient lighting comprise dashboard lights, ambient lighting, head-up displays, and reading lights. Dashboard lights serve the purpose of illuminating a vehicle's dashboard. These lights incorporate various technologies such as halogen, LED, and xenon, catering to passenger vehicles, commercial vehicles, and heavy commercial vehicles alike.
The automotive ambient lighting market research report is one of a series of new reports from The Business Research Company that provides automotive ambient lighting market statistics, including automotive ambient lighting industry global market size, regional shares, competitors with an automotive ambient lighting market share, detailed automotive ambient lighting market segments, market trends and opportunities, and any further data you may need to thrive in the automotive ambient lighting industry. This automotive ambient lighting market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The automotive ambient lighting market size has grown strongly in recent years. It will grow from $3.92 billion in 2023 to $4.3 billion in 2024 at a compound annual growth rate (CAGR) of 9.8%. The growth observed in the historical period can be attributed to the growth of the luxury car segment, an increasing focus on interior aesthetics, rising disposable income, a growing trend of night driving, and consumer preference for customization.
The automotive ambient lighting market size is expected to see strong growth in the next few years. It will grow to $6.17 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. Projected growth is driven by vehicle electrification, the shift to autonomous vehicles, the rise of shared mobility, global automotive market expansion, and increased urbanization. Key trends include dynamic ambient lighting, integration of health and well-being features, AR/VR integration, ultra-thin lighting design, and the introduction of subscription-based lighting packages.
The automotive lighting market is expected to experience growth, driven by the increasing sales of high-end luxury cars. High-end luxury cars are characterized by their premium interiors and a plethora of features that set them apart from standard vehicles. The surge in demand for these luxury cars has led to the incorporation of innovative and technologically advanced ambient lighting systems, enhancing the safety and security features of these vehicles. As an illustration, a sales report published in January 2022 by the Germany-based luxury vehicles company, Mercedes-Benz, revealed a significant milestone in the sales of their plug-in hybrid and electric passenger cars. The report indicated a record-high delivery of 227,458 units, marking a remarkable increase of 69.3 percent. Furthermore, the report highlighted the growing popularity of Mercedes-EQ battery electric passenger cars, with a notable surge of 154.8 percent, totaling 48,936 units in 2021. The escalating demand for luxury vehicles is poised to drive the automotive ambient lighting market as these high-end cars increasingly leverage advanced lighting technologies.
The increasing demand for electric vehicles is poised to drive growth in the automotive lighting market. Electric vehicles, which rely on electrical energy stored in batteries or other energy storage devices to power electric motors, prominently feature automotive lighting. Advanced lighting technologies play a crucial role in enhancing safety, aesthetics, and overall appeal, contributing to the broader acceptance of electric mobility. As of September 2022, data from the International Energy Agency, an autonomous intergovernmental organization based in France, indicates a significant surge in electric vehicle sales. The sales of electric vehicles nearly doubled to 6.6 million in 2021 compared to the previous year, resulting in a total of 16.5 million electric vehicles on the road. This growing demand for electric vehicles is expected to have a positive impact on the automotive ambient lighting market as electric mobility becomes increasingly popular.
Technological advancements have become a prominent trend gaining traction in the automotive ambient lighting market. Leading automotive lighting companies are actively introducing cutting-edge lighting technologies to solidify their positions in the market. A case in point is Hella KGaA Hueck & Co., a Germany-based manufacturer of lighting, electronic components, and systems. In May 2022, the company launched an innovative combination of lighting solutions and sensor technology that adds intelligence to vehicles, enhancing comfort, well-being, and safety. The newly introduced smart HELLA Slim Light System not only supports communication between vehicle occupants but also sets the tone for the interior through wide-area lighting, showcasing the integration of advanced technologies in the automotive ambient lighting sector.
Major companies in the automotive lighting market are strategically focusing on product launches, particularly in the realm of microLED technology, catering to a broader range of vehicles. MicroLED in automotive lighting denotes a cutting-edge technology that utilizes miniature light-emitting diodes to deliver advanced functionalities, including dynamic adaptive lighting, high-resolution illumination, and enhanced safety features in vehicles. As an illustrative example, in July 2023, Marelli Holdings, a Japan-based company specializing in the design and manufacturing of automotive components, unveiled the h-Digi microLED-a groundbreaking innovation in automotive front lighting that introduces a digital lighting solution. The h-Digi microLED features intelligent multipixel LEDs, matrix illumination, affordability, and the EVIYOS 2.0 light source. This innovation marks a significant advancement in automotive lighting by providing fully adaptive and dynamic headlight operation, high-resolution options tailored for diverse driving conditions, and safety-focused features such as glare-free high-beam block-out zones. Marelli's h-Digi microLED contributes substantially to the evolution of the automotive lighting market, showcasing the industry's commitment to leveraging state-of-the-art technologies for enhanced performance and safety in vehicles.
In January 2022, Faurecia, a leading French-based automotive parts manufacturer, completed the acquisition of Hella GmbH & Co. KGaA for a total of $5.64 billion (EUR 5.3 billion). This strategic move is geared towards augmenting Faurecia's capabilities and expanding its portfolio within the automotive ambient lighting products and services sector. Hella GmbH & Co. KGaA, based in Germany, is a prominent manufacturer specializing in lighting and electronic components for the automotive industry.
Major companies operating in the automotive ambient lighting market report are Robert Bosch GmbH, General Electric Company, Panasonic Corporation, Continental AG, Magna International Inc., Flex Ltd., Valeo SA, Lear Corporation, Texas Instruments Incorporated, Koninklijke Philips NV, Tenneco Inc., Parker Hannifin Corporation, Draxlmaier Group, Koito Manufacturing Company Limited, Osram Licht AG, Gentex Corporation, ZKW Group GmbH, Varroc Lighting Systems SP Z.o.o, Stanley Electric Company Limited, Trilux GmbH & Co. KG, LSI Industries Inc., Innotec Group, Lumileds Holding B.V., Magneti Marelli SpA, Diode Dynamics LLC, Ambright GmbH, Oshino Lamps Limited, Pianfei Solano company, EFI Lighting SAS, Hella KGaA Hueck & Co., CML Innovative Technologies Ltd., Dominant Opto Technologies Sdn. Bhd., Grote Industries LLC, J.W. Speaker Corporation, Lite-On Technology Corporation, NXP Semiconductors N.V.
Asia-Pacific was the largest region in the automotive ambient lighting market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive ambient lighting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the automotive ambient lighting market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The automotive ambient lighting market consists of sales of footwell lights, door lights, and center console lights. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Automotive Ambient Lighting Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on automotive ambient lighting market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for automotive ambient lighting ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The automotive ambient lighting market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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