The global automotive ambient lighting market size is expected to reach USD 8.4 billion by 2030, according to a new study by Polaris Market Research. The report “Automotive Ambient Lighting Market Share, Size, Trends, Industry Analysis Report, By Product (Dashboard Lights, Door Lights, Footwell, and others); By Technology; By Vehicle Type; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The growing awareness and trend for the use of energy-efficient lighting systems, the ability to reduce traffic accident rates and higher safety for drivers and passengers are key factors expected to drive the growth of the global market significantly during the forecast period.
In addition, mainly the application of ambient lighting found in luxury and premium cars, as that influences the internal ambiance of the vehicle positively and changes in consumer comfort levels and spending capacity are also expected to fuel the growth and adoption of ambient lighting over the coming years. For instance, in March 2022, Marelli Automotive announced the development and supply of its new 3D-shaped rear lamp for the BMW 2 series. With its wavy and aero-dynamic shape, the rear lamp supported the car’s styling.
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Furthermore, an increasing number of collaborations and mergers among major manufacturers of automotive ambient lighting with various OEMs for designing new and more enhanced products, which advance the technological scope and knowledge for manufacturers of these lighting products and is expected to have a positive impact on the global market growth in the near future.
While several local and small market players can not adopt newly developed technology and products, OEMs can partner with them for large-scale production or selling models to get a cost advantage, which is also anticipated to create lucrative growth opportunities for the market.
Automotive Ambient Lighting Market Report Highlights
Polaris Market Research has segmented the Automotive Ambient Lighting market report based on Product, Technology, Vehicle Type, and region:
Automotive Ambient Lighting, Product Outlook (Revenue - USD Billion, 2018 - 2030)
Automotive Ambient Lighting, Technology Outlook (Revenue - USD Billion, 2018 - 2030)
Automotive Ambient Lighting, Vehicle Type Outlook (Revenue - USD Billion, 2018 - 2030)
Automotive Ambient Lighting, Regional Outlook (Revenue - USD Billion, 2018 - 2030)