Automotive Interior Ambient Lighting Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2022 to 2030

Automotive interior ambient lighting is increasingly becoming popular in the overall automotive industry. Due to high added aesthetic value to the vehicle, consumers also have an emotional view towards installing ambient lighting in their vehicle ambient interior lighting also ensures driver safety as it enhances the effective visibility of and other control systems for drivers in case of low visibility. Subsequently, automobile manufacturers are incorporating ambient lighting as a differentiator to their vehicles.

With the revival of the automotive industry post economic recession, the outlook for the interior ambient lighting market looks bright. In addition, increasing discretionary income, especially in the developing economies has allowed consumers to install different aesthetic solutions in their vehicles. As a result, the overall automotive lighting industry is forecast to witness robust growth.

Ambient lighting has primarily dominated high-end luxury cars since several years. These lighting systems are typically installed on instrument panels, door panels and also roof liners of the luxury automotive vehicles. Nevertheless, due to decline in prices of lighting coupled with the demand for more aesthetic and attractive interiors, the trend is increasingly being followed across different class of vehicles.

Automotive interior ambient lighting systems are intended towards delivering appropriate brightness which increases the overall aesthetic value of automotive interior along with driver visibility safety. The market is largely driven by the rising demand for aesthetic lighting coupled with the ever-rising automotive industry worldwide. With the advent of technologically advanced lighting systems (e.g. touch-free lighting), the overall market is estimated to continue witnessing strong growth in the coming years.

LED segment dominates the overall market

As of 2021, the LED segment dominates the overall automotive interior ambient lighting market, in terms of revenue and adoption. The LED technology segment accounted for over 71.5% of the global market revenue in the same year. The trend shall prolong and the segment is expected to hold on to its dominant position throughout the forecast period. LEDs used for automotive interior ambient lighting have a longer rated lifetime and consume relatively less energy than halogen and xenon lighting solutions. LED lighting solutions are around 40% more energy-efficient as compared to other sources, which translates into lower fuel consumption. This is a significant benefit, especially when stringent emission and consumption regulations are in place.

Due to overall declining prices of LED lights and coupled with sophisticated designs, the segment has been witnessing a substantial rise in overall adoption. The LED lights segment is estimated to register the highest growth rate in the coming years. These lights offer high energy saving and have longer life as compared to various other lighting systems. This is the prime factor responsible for high estimated penetration of LED in the coming years. LED lighting systems are capable of delivering appropriate brightness and hence offer visibility safety to the driver.

Passenger Vehicles segment contributing large market revenues

The overall automotive interior ambient lighting market is led by the passenger vehicles segment contributing to more than 50% of the total market revenue. Automotive interior ambient lighting is predominantly used across high-end vehicles in order to enhance the aesthetic value and class of the vehicles. Due to the rising purchasing power of people worldwide, the demand for medium and high-end passenger cars has been witnessing robust growth in the past few years.

Car manufacturers are now focused on providing attractive interiors in high-end as well as medium-end cars. Similarly, there can be observed a trend among the consumers towards buying aesthetic aftermarket accessories (including lighting) for enhancing the overall vehicle interior. Consequently, the passenger vehicles segment is estimated to continue dominating the market throughout the forecast period.

The global automotive interior ambient lighting market was dominated by the dashboard panel segment in 2021. The segment accounted for 36.0% of the global market revenue in 2015. Dashboard panel being an integral part in automotive, account for the largest revenue share. The dashboard panel segment in the global automotive interior ambient lighting is expanding at a CAGR of 5.0% from 2020 to 2030. On the other hand, the use of interior ambient lighting for foot-well application is expected to grow at a maximum growth rate during the forecast period 2021 - 2029.

Asia Pacific region dominates the market

As of 2021, the automotive interior ambient lighting market worldwide is dominated by the Asia Pacific region. The segment contributed to more than one-third of the total revenue generated in 2015. The most significant factor contributing to the large revenue share is the huge automotive industry in the region. The market here is majorly governed by China, Japan, South Korea, and some of Southeast Asia countries. India too is increasingly becoming lucrative for the automotive interior ambient lighting market due to the rising penetration of high-end cars in the country.

Europe and North America followed Asia Pacific, in terms of revenue, in the global automotive interior ambient lighting market. Europe comprises large number of automotive lighting manufacturers thereby supporting the market growth.The region is home to leading companies in the overall automotive lighting such as OSRAM, Hella and others. Nevertheless, Asia Pacific is estimated to retain its dominant position in the market throughout the forecast period

Historical & Forecast Period

This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Automotive Interior Ambient Lighting market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Automotive Interior Ambient Lighting market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.132

Market Segmentation

Technology

• Halogen
• LED
• Xenon

Vehicle Class

• Passenger Vehicle
• Light Commercial Vehicle (LCVs)
• Heavy Commercial Vehicle (HCVs)

Application

• Dashboard Panel
• Center Console
• Foot-well
• Door Panel
• Roof Liner
• Others

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Automotive Interior Ambient Lighting market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2030.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Automotive Interior Ambient Lighting market?
• Which is the largest regional market for Automotive Interior Ambient Lighting market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Automotive Interior Ambient Lighting market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Automotive Interior Ambient Lighting market worldwide?