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automotive ambient lighting market

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

  • Published Date: Nov 2022
  • Pages: 118
  • Format: PDF
  • Report ID: PM2810
  • Base Year: 2021
  • Historical Data: 2018-2020

Report Summary

The global automotive ambient lighting market was valued at USD 3.51 billion in 2021 and is expected to grow at a CAGR of 10.45% during the forecast period.

The rising adoption of advanced technology in automotive industry, a rapid surge in the number of luxury vehicle sales, and growing demand for several types of LEDs in cars across the globe are major factors anticipated to drive the growth. Ambient lighting helps in increasing the attractiveness of vehicles and enables to create a stylish interior at an affordable price, which has resulted in higher adoption of ambient lighting by global automobile manufacturers to cater to the rising consumer demand and needs for attractive and stylish vehicles worldwide.

Automotive Ambient Lighting Market Size
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Furthermore, a high inclination towards safety and comfort features, rising awareness regarding energy-efficient lighting systems, and advancement in ambient lighting technology are further expected to be the key factors driving the growth of the global market significantly over the coming years.

Adoption of various advanced LED technology offers variety of benefits such as longer lifespan, reduce power consumption, and compactness, which has paved the way for lucrative growth opportunities for the automotive ambient lighting market and likely to impact the market in a positive way. For instance, in December 2021, Toyoda Gosie Co. Ltd., introduced their new full color LED lamps, which determines the infusion of vehicle interior with many different color lights. The new LED lights will improve the aesthetic appearance of the vehicle.

The global outbreak of the COVID-19 pandemic has negatively impacted the growth of the market. During pandemic, the global market has seen a huge drop in the production and sales of automobiles owing to several safety-related measures like lockdowns and physical distancing. The entire supply chain has highly impacted the market in several terms of labor availability and raw materials, which has resulted in a decrease in the number of production of automobiles.

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Industry Dynamics

Growth Drivers
An extensive rise in demand for aesthetic interiors and ability of ambient lighting to enhance the cabin of an automobile at low cost coupled with the growing adoption of advanced technology in manufacturing processes are key factors projected to drive the growth of the global market throughout the forecast period. Ambient lighting provides a much pleasing effect to the driver and facilitates enhanced comfort and functionality.

Furthermore, a rapid surge in the sale of ultra-luxurious automobiles, mainly those equipped with navigation systems and infotainment, coupled with the rising consumer disposable income, is likely to be another factor driving the growth of the global market at a significant growth rate in the coming years. Moreover, high availability of automotive aftermarket solutions and shifting consumer preferences towards better comfort and higher safety across the globe is anticipated to fuel the ambient lighting adoption in automobiles.

Report Segmentation

The market is primarily segmented based on product, technology, vehicle type, and region.

By Product

By Technology

By Vehicle Type

By Region

  • Dashboard Lights
  • Door Lights
  • Footwell
  • Others
  • LED
  • Xenon
  • Halogen
  • Passenger Vehicles
  • Commercial Vehicles
  • Heavy Commercial Vehicles
  • North America (U.S., Canada)
  • Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
  • Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

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Dashboard segment is projected to witness fastest growth

In 2021, the dashboard segment is expected to grow fastest during the forecast period due to increasing sales of luxury cars, ability to illuminate and improve recognition of controls, and accessibility to switches and instrument panel on a dashboard. For instance, according to our findings, nearly 17,000 luxury vehicles have sold in India between January-June 2022, with an increase of about 55% over 11,000 units in the same period of previous year and this percentage is estimated to grow more in the coming years.

Additionally, ambient lighting in automobiles highly focus on door latches and enables passengers to exit easily and quickly. It also provides enough lighting for stationary and help vehicles to move, which is likely to boost the growth of the segment market rapidly in the coming years.

LED technology accounted for the largest market share in 2021

Increasing demand for LED lighting solutions since a LED light consumes 50% less energy as compared to other to create the same amount of light, which is a major factor driving the growth of the segment market exponentially over the coming years. With the usage of LED, the reduced energy can directly reduce carbon dioxide emissions by nearly 700 million metric tonnes. In addition, LEDs do not emit ultraviolet rays and are highly environmental-friendly; owing to all these properties, adopting LEDs in ambient lighting is projected to have a positive impact.

Furthermore, halogen technology is also likely to grow substantially over the forecast period owing to low cost and easy access to this technology across all regions around the globe. Due to its standard design, halogen lamps are much simpler to install and use. A distinct feature named plug-and-play is also attracting consumers to opt for this technology and is estimated to contribute significantly to the market growth.

Passenger vehicles segment held the highest market revenue share in 2021

The increase prevalence of passenger vehicles across the globe for traveling one destination to another and shift in consumer preferences towards luxury and attractive passenger vehicles, especially in developed regions such as United States, Japan, France, and Germany are major key factors propelling the growth of the segment market over the forecast period.

People from developed regions are highly attracted to stylish and attractive automobiles, which has resulted in higher adoption of passenger vehicles having ambient lighting and in a result the demand for automotive ambient lighting in these developed nations are projected to have a positive impact on the demand and expansion of the market in the coming years.

The North America region held the largest market share in 2021

Increasing number of sales of luxury vehicles and high incorporation of ambient lighting in various mid-segment and premium vehicles are key factors projected to drive the growth of the market in the region. Increasing research & development activities and growing focus on providing the most developed and innovative products in the region coupled with the wide presence of large automobile manufacturers such as BMW, Audi, Volkswagen Group, and Mercedes Benz are also likely to be major driving factors for the regional market over the coming years.

However, Asia Pacific is witnessing the fastest CAGR during the forecast period owing to rapid growth in the production and sale of automobiles especially in several developing nations including China, India, and Indonesia. An extensive increase in consumer disposable income and their spending capacity on premium vehicles along with the increasing prevalence of several type of LED lights in vehicles, are further anticipated to boost the growth and adoption of ambient lighting exponentially over the coming years.

Additionally, increasing government initiatives to promote sales of automobiles in the region and especially electric vehicle sales is also driving the growth of the ambient lighting market in the region.

Competitive Insight

Some of the major players operating in the global market are Tenneco Inc., Koito Manufacturing, OSRAM, General Electric Company, Robert Bosch, Parker Hannifin, Texas Instruments, Philips Lighting, Grupo Antolin, Hella KGaA, Stanley Electric, Valeo, Daimler, Hyundai Motor, Ford Motor, Mahindra & Mahindra, and Lord Corporation.

Recent Developments

In April 2022, OSRAM announced about its plan to invest USD 843 million for the development of an LED plant situated in Malaysia. The company is also planning to invest in a significant new 8-inch LED front-end capacity in Malaysia to provide better support to advanced LED technology and manufacturing of micro-LED across the country.

In June 2021, Design LED was acquired by Faurecia, which is a huge step toward LED lighting. With this acquisition, it will expand its position in the “Human Machine Interface” innovation & automotive ambient lighting. It is projected to provide an excellent customer experience with its products and services.

Automotive Ambient Lighting Market Report Scope

Report Attributes

Details

Market size value in 2022

USD 3.80 billion

Revenue forecast in 2030

USD 8.4 billion

CAGR

10.45% from 2022 – 2030

Base year

2021

Historical data

2018 – 2020

Forecast period

2022 – 2030

Quantitative units

Revenue in USD billion and CAGR from 2022 to 2030

Segments Covered

By Product, By Technology, By Vehicle Type, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Key Companies

Tenneco Inc., Koito Manufacturing Co. Ltd., OSRAM GmbH, General Electric Company, Robert Bosch GmbH, Parker Hannifin Corporation, Texas Instruments Incorporated, Philips Lighting, Grupo Antolin, Hella KGaA Hueck & Co., Stanley Electric Company Ltd., Valeo S.A., Daimler AG, Hyundai Motor Company, Ford Motor Company, Mahindra & Mahindra Ltd., Franklin International, and Lord Corporation.

Key Take-Away
Polaris Market Research
Global Automotive Ambient Lighting Market Size, Share & Growth Analysis Report, 2022-2030