Global Automotive Ambient Lighting Market, By Product Type (Dashboard Lights, Ambient Lighting, Head-Up Display, Reading Lights And Others), Technology (Halogen, LED And Xenon), Vehicle Type (Passenger Vehicles And Commercial Vehicles), Geography (North America, South America, Europe, Asia-Pacific, Middle East And Africa)– Industry Trends and Forecast to 2025.
Market Analysis: Global Automotive Ambient Lighting Market
The Global Automotive Ambient Lighting Market is expected to reach USD 6.5 billion by 2025, from USD 2.98 in 2017 growing at a CAGR of 15.2% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year is 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Market Definition: Global Automotive Ambient Lighting Market
Automotive inside surrounding lighting refers to the utilization of lighting for making of a snappier and stylishly enhanced air, inside a vehicle. The idea of inside encompassing lightings was at first presented in the luxury vehicles however is currently being utilized as a part of a wide range of traveller and business vehicles. The encompassing lighting guarantees that the inside of the vehicle is more stylish and makes the in-lodge of automotive, feel more extensive. These lightings are broadly being utilized for driver security as it guarantees more prominent perceivability of dashboard, and is accordingly being utilized by the automotive makers as an instrument for item separation. Vehicle makers are likewise utilizing these surrounding lightings for making item separation from different contenders. The worldwide automotive inside surrounding lighting market has seen amazing development in the worldwide market and it has been watched that, its request later on is required to develop at CAGR of 6%. In view of innovation, the automotive inside surrounding lighting market has been arranged as halogen, LED and Xenon. Among them, xenon is relied upon to contribute the most in the development of the market. Xenon lights, otherwise called gas release lights, utilize light bend as the real wellspring of light. It has a long administration life when contrasted with the halogen knobs. Xenon likewise has different focal points over the incandescent lamp as they are vibration confirmation, they have a start voltage, and they can be electronically controlled. In view of vehicle composes, the market has been fragmented as traveller and business vehicles. The traveller vehicles fragment is relied upon to develop with most elevated CAGR over the estimate time frame. In 2016, according to the OICA Car Association, roughly 69 million traveller autos were sold over the globe, which powers the interest for automotive inside encompassing lighting in automotive industry. The footwell application segment generated the highest revenue of USD 1.46 billion in 2016. The dashboard application segment, on the other hand, is projected to exhibit the highest CAGR of 8.5% over the forecast period
- Increasing sale of ultra-luxurious vehicles
- Increasing market for led lights in car
- Easy availability of aftermarket solutions
- High Cost of OE Integration
- Unorganized aftermarket
Segmentation: Global Automotive Ambient Lighting Market
By Product Type
- Dashboard Lights
- Ambient Lighting
- Head-up Display
- Reading Lights
By Vehicle Type
- passenger Vehicles
- Commercial Vehicles
- Asia Pacific
- South Korea
- Rest of Asia-Pacific
- North America
- Rest of Europe
- South America
- Rest of south America
- Middle East & Africa
- South Africa
- Rest of MEA
Competitive Analysis: Global Automotive Ambient Lighting Market
The global automotive ambient lighting market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of automotive ambient lighting market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
In July, 2018 Valeo today announced that it has entered into strategic cooperation with Apollo, the open autonomous driving platform created by Baidu, the leading Chinese language Internet search provider.
Key Market Competitors: Global Automotive Ambient Lighting Market
The key players operating in the global automotive ambient lighting market are –
- Hella KGaA Hueck & Co.
- Valeo S.A.
- Grupo Antolin
The other players in the market are Federal-Mogul LLC , Koito Manufacturing Co., Ltd. , Osram Licht AG , General Electric , Koninklijke Philips N.V. , Robert Bosch GmbH , Stanley Electric Co., Ltd. , Zizala, Lichtsysteme GmbH , Dräxlmaier Group, Ashland Inc., Akzo Nobel N.V. Lord Corporation, Franklin International, Delo Industrie Klebstoffe GmbH & Co. KGaA, Dymax Corporation, Mapei S.P.A, Uniseal Inc. among other
Research Methodology: Global Automotive Ambient Lighting Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Historical and current market size and projection up to 2025.
- Market trends impacting the growth of the global automotive ambient lighting market.
- Analyse and forecast automotive ambient lighting market on the basis of material, type, product type, end user
- Trends of key regional and country-level markets for material, type, product type, end user
- Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis.