Anticipated size of the automotive interior ambient lighting system market in 2022 was USD 36.2 billion and is estimated to be USD 37.23 billion in 2023. Increase in recognition of these ambient lighting systems is mainly approached due to comfort and safety features. It is thoroughly due to the rise in sales of ultra-luxurious vehicles, and elevations in automotive interior lighting technology, which are further boosting the demand for interior ambient lighting in the automotive industry.
Future Market Insights has mentioned in its reports that the automotive interior ambient lighting system market is predicted to expand at a CAGR of 6.41% between 2023 and 2033, totaling around USD 69.1 billion by 2033.
Future Market Insights (FMI) has estimated that the automotive interior ambient lighting system market grew with a year-on-year growth of 4.1% in terms of value in 2022 reaching a value of about USD 3,066.0 million by 2022 end.
Worldwide automotive interior ambient lighting system market is mainly driven by growing automotive fleet and advancement in automotive sector. Global business is anticipated to witness a considerable CAGR of 5.4% by value during the period from 2022 to 2030.
East Asia market dominated the global automotive interior ambient lighting system market in terms of revenue in 2022, and is projected to grow significantly throughout the forecast period. Also, East Asia automotive interior ambient lighting system market is the most prominent market, expanding at a CAGR of 5.6% by volume over the forecast period.
| Attribute | Details |
|---|---|
| Projected Forecast Value (2022) | USD 36.2 billion |
| Projected Forecast Value (2023) | USD 37.23 billion |
| Projected Forecast Value (2033) | USD 69.1 billion |
| Growth rate | 6.41% CAGR |
| Forecast period | 2023 to 2033 |
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The global automotive interior ambient lighting market expanded at a CAGR of 5.2% between 2018 and 2022. Growth forecasts remain optimistic, with the market predicted to exhibit a CAGR of 6.41% between 2023 and 2033.
The expansion of the vehicle interior ambient lighting market is being driven by rising demand for conventional and electric vehicles in the automotive sector. Additionally, automotive interior lighting positively influences the internal appearance of vehicles, space perception, comfort and safety, mood lighting depending on a driver’s mood, and alerting during emergency situations. For example,
Benefits are anticipated to drive market growth. Consumers' entire lifestyles have evolved as global economic conditions have improved with increasing disposable income and changing lifestyles, the preference toward new and affordable technology is growing which has a favourable impact on ultra-luxury automobile sales all around the globe.
Change in lifestyle is seen, particularly in emerging nations like China and India. The global automotive interior ambient lighting system market is projected to expand at a CAGR of around 4.8% by volume from 2022 to 2030
Growth in the Trend of Customization among Customers
Growing trend of customization among customers is positively influencing the market growth with growing customization demands for automotive, related to appearance, features, and convenience. Additionally, the growing demand for ambient interior lighting is also increasing, as aftermarket lighting upgrades are one of the cost-effective and quick ways of changing a vehicle’s style and ambiance.
LED light strips and wheel lighting, among others, are the most commonly preferred lighting options to upgrade a car’s interiors, thus contributing significantly to the growth of the automotive interior ambient lighting market. With upcoming innovations in automotive interior ambient lightings such as LEDs and OLEDs, there is a significant shift in the demand for the same, especially in developing and developed countries.
Growing customization in North America is mainly due to the increasing demand for cabin comfort and a sense of style preferred by consumers. Further, people are hugely attracted to automotive ambient interior lighting for making their vehicle interiors atheistic and pleasing.
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Rise in the Technical Breakthrough
East Asia is considered to be the most prominent region for the automotive ambient interior lightings system market, owing to the expansion of automobile manufacturing in East Asia. Furthermore, aspects such as rising technical breakthroughs, increasing vehicle sales, and increasing demand for high quality interior of the vehicle are contributing to the region's market growth.
China and Japan countries are anticipated to contribute significantly to the expansion of vehicle manufacturing in the East Asia. Market for all types of vehicles in this area is expanding notably, which is expected to boost the growth of automotive ambient interior lightings system throughout the projected period.
Rise in Production of Heavy and Light Commercial Vehicles
China is projected to be one of the prominent markets in the Asia Pacific region with a value share of 68.9% of overall sales of automotive interior ambient lighting systems in East Asia in 2022. It is further expected to capture a CAGR of 6.9% during the forecast period whereas Japan holds a market share of 24.3%.
Factors are indirectly influencing the growth of the automotive ambient interior lighting system market. Also, the growing research activities, the existence of key players, and high expenditures in product pipelines all contribute to the country's automotive interior ambient lighting system market growth, which enable India to expand at a CAGR of 5.8% and Australia to expand at 5.12%
Growth in Automotive Manufacturing Industries
North America is a key market in the automobile interior ambient lighting system industry holding a market share of 52.8% whereas the United States holds a significant part in the region with a value share of 38.2%. Moreover, the demand for automobile interior ambient lighting systems is projected to grow due to the growth in the automotive manufacturing industries in the country. Also, leading manufacturers are aiming to increase their production in North America by establishing new facilities in the country.
Europe to Hold a Notable Market of Production and Sales
Europe's largest automotive market in terms of production and sales of vehicles, accounting production for about 20% of new registrations and over 30% of passenger cars hold a market share of 45.4%. Germany also has Europe's highest concentration of OEM factories with a value share of 33.2% and the United Kingdom holds a second position in the market region that is expected to secure a CAGR of 4.12%.
Majority of automobiles in Germany are exported to other nations in Europe, with neighbouring countries accounting for more than half of all exports.
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LEDs are Said to Hold a Prominent Share of the Market
Most preferred and dominant technology in the current scenario is the LED segment, which is going to remain in the same position in the upcoming years with a market share of 62.1%. The preference of the manufacturers in this segment might hold an attractive prospect for both OEM and Aftermarket channels.
Halogen and Xenon type technology are likely to be the least attractive of all the segments owing to high cost, bulky in construction and impracticality than LEDs.
Transition from classic lighting solutions to semiconductor-based technologies and the increasing importance of software and electronics are having a profound impact on the lighting business in the automotive industry as in the case of general automotive lighting. Further, the market is moving toward semiconductor-based lighting solutions with the RGB-LED light source, which can show various colours. A new generation of ambient lighting has entered the automobile interior.
Aftermarket Segment has the Most Preferred Sales
Aftermarket segment is projected to expand at 5.1% CAGR by volume. Also, the increasing preference of the customers for attractive interiors is anticipated to boost sales of automotive interior ambient lighting system through aftermarket. Aftermarket products are less expensive as compared to the original equipment manufacturer.
Increase in the demand for custom design and engineering with optional features in vehicles are benefiting the growth rate of the automotive interior ambient lighting system market. Additionally, developed countries like the United States, and Japan are promoting the trend of car customization, which is thereby boosting the aftermarket growth. In turn, it is indirectly driving the growth of the automotive interior ambient lighting system in aftermarket.
Luxury Vehicles are Expected to Hold a Leading Position in the Market
Luxury vehicles hold a market share of 39.8% in the market region sas they are synthesized more for transporting passengers and are designed to seat more than five individuals.
Centre Console and Dashboard to Have Huge Demand in the Market
Centre console and dashboard segment is expected to have the huge demand in the market with a value share of 47.88%. Demand for centre console and dashboard is high as it helps in illuminating and improving recognition of controls and switches on a dashboard and instrument panel
Key Players Profiled in the Market
Latest Industry Innovations by the Global Automotive Interior Ambient Lighting System Market Players
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 6.41% from 2023 to 2033 |
| Market value in 2023 | USD 37.23 billion |
| Market value in 2033 | USD 69.1 billion |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | USD billion for Value and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | By Country, By Technology, By Vehicle, By Application, By Sales Channel |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East & Africa |
| Key Countries Profiled | The United States, Canada, Brazil, Mexico, Rest of Latin America, Germany, The United Kingdom, France, Spain, Italy, Rest of Western Europe, Poland, Russia, Czech Republic, Romania, Rest of Eastern Europe, India, Bangladesh, Australia, New Zealand, Rest of South Asia and Pacific, China, Japan, South Korea, GCC Countries, South Africa, Israel, Rest of the Middle East and Africa |
| Key Companies Profiled | Valeo SA; HELLA KGaAHueck& Co.; OSRAM Licht AG; LSI Industries Inc; Everlight Electronics Co., Ltd; Toshiba Corporation; DRÄXLMAIER Group.; Oshino Lamps Limited; Innotec Group; Grupo Antolin; DOMINANT Opto Technologies Sdn. Bhd |
| Customisation Scope | Available on Request |
The market is estimated to secure a valuation of USD 37.23 billion in 2023.
The United States, Japan, and China dominate the global market.
Growth in automotive manufacturing industries makes North America a key market driving sales.
The primary consumer for automotive interior ambient lighting systems is the automotive manufacturing industry.
The centre console and dashboard segment is expected to advance at a faster rate.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Technology 5.1. LED 5.2. Others 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Vehicle Type 6.1. Compact 6.2. Sedan 6.3. Executive 6.4. SUV/MUV 6.5. Luxury 6.6. Sports 6.7. LCV 6.8. HCV 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 7.1. Centre Console and Dashboard 7.2. Doors 7.3. Roof 7.4. Floor 7.5. Others 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Sales 8.1. OEM 8.2. Aftermarket 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 9.1. North America 9.2. Latin America 9.3. Western Europe 9.4. Eastern Europe 9.5. South Asia and Pacific 9.6. East Asia 9.7. Middle East and Africa 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 17. Key Countries Market Analysis 18. Market Structure Analysis 19. Competition Analysis 19.1. HELLA KGaA Hueck & Co. 19.2. OSRAM Licht AG 19.3. LSI Industries Inc 19.4. Everlight Electronics Co., Ltd 19.5. Toshiba Corporation 19.6. DRÄXLMAIER Group 19.7. Oshino Lamps Limited 19.8. Innotec Group 19.9. Grupo Antolin 19.10. DOMINANT Opto Technologies Sdn. Bhd 20. Assumptions & Acronyms Used 21. Research Methodology
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Automotive Interior Ambient Lighting System Market
