Maximize Market Research's latest report, " Global Automotive Ambient Lighting Market Global Demand Analysis and Opportunity Outlook 2027", offers a comprehensive analysis of the market. It provides market segments by type and shape, as well as end-user industries and regions.
Automotive Ambient Lighting Market
Global Automotive Ambient Lighting Market was valued at USD 2.90 Bn in 2019 and is expected to reach at USD 6.97 Bn by 2027 at a CAGR of 11.59% over forecast period 2020-2027.
Global Automotive Ambient Lighting Market Overview
Automotive Ambient lighting is a broad category that encompasses a wide range of luminaire types. Ambient lighting products are often considered utilitarian, but they nonetheless serve a very important role in both commercial and residential spaces. An increased popularity of ambient lightings is mainly driving the global automotive lighting market. Rise in demand for interior aesthetics is a primary driver of the automotive interior lighting market. Ambient lighting enhance the ambience of the cabin at low cost, thus increasing the adoption. The use of this ambient lighting gives a pleasing effect to the driver and facilitates improved functionality and comfort, thereby illuminating necessary functions to be performed in dark. An ongoing technological evolutions, such as smart lighting systems in passenger vehicles, and increasing adoption electrical vehicles worldwide, coupled with consumer preferences for better interior lighting designing are expected to create lucrative opportunities for market over forecast period.
However, the ambient lights are not ideal for working closely with things and high cost associated with ambient lightening are restraining the market growth over forecast period.
Global Automotive Ambient Lighting Market segmented by application, by passenger car segment, by alternative fuel vehicle and by Region. By application, Dashboard segment held 28.45% of market share in 2019 and is expected to keep its dominance over forecast period. Dashboard control lights are vital for safety, as these display information such as speed, engine heating, and fuel level. Need for lighting in dashboard controls is a major driver of the interior lighting market. Dashboard segment is followed by foot well segment. Footwell segment is expected to grow at a CAGR of 10.43% over forecast period. The footwell ambient lighting is estimated to be the largest market during the forecast period. The footwell is one of the most common applications of ambient lighting as it improves the visibility of foot area.
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Global Automotive Ambient Lighting Market Major Market Players
• HELLA KGaA Hueck & Co. (Germany)
• OSRAM Licht AG (Germany)
• Grupo Antolin (Spain)
• Federal-Mogul LLC (US)
• Koito Manufacturing Co., Ltd. (Japan)
• Robert Bosch GmbH (Germany)
• General Electric (US)
• Valeo S.A. (France)
• Stanley Electric Co., Ltd. (Japan)
• Volkswagen (Germany)
• Daimler AG (Germany)
• Ford Motor Company (US)
• Hyundai Motor Company (South Korea)
• Toyota Motor Corporation (Japan)
• Tata Motors (India)
• Mahindra & Mahindra Ltd (India)
• Lord Corporation
• Franklin International
• Delo Industrie Klebstoffe GmbH & Co. KGaA
The Market Impact of COVID-19
The COVID-19 epidemic has quickly spreaded since its inception in Wuhan (China), in December 2019.
All around the globe. As of March 2020, the US and China were the most affected. The COVID-19 crisis has had a significant impact on many countries, resulting in travel bans or lockdowns. Industries. This outbreak has severely affected the global food and beverage industries.
This includes office closures, cancellations of technology events, and supply chain disruptions. China is the world's largest manufacturing country and has the largest number of raw material suppliers. COVID-19 has an adverse effect on overall production because it closes factories and creates supply chain challenges. Market growth.
Segmentation of Global Automotive Ambient Lighting Market by Types and Applications:
Global Automotive Ambient Lighting Market by Application
• Centre Console
Global Automotive Ambient Lighting Market by Passenger Car Segment
• C Segment
• D Segment
• E Segment
• F Segment
Global Automotive Ambient Lighting Market by Alternate Fuel Vehicle
• Battery Electric Vehicle
• Hybrid Electric Vehicle
• Plug-in Hybrid Electric Vehicle
Global Automotive Ambient Lighting Market by Region
• North America
• MEA& Africa
• Latin America
The report has covered the market size by country (regions) for the global Automotive Ambient Lighting market. Segment by Application. The Automotive Ambient Lighting Market is divided into the North America Europe, ASIA Pacific, Middle East & Africa. The report also includes market size estimates by region. 2019-2027 Forecasts and market size for each type and segment are included. Sales and revenue are included for the period 2019-2027.
Analysis of the Automotive Ambient Lighting Market Share and Competitive Landscape:
This report provides a detailed analysis of the Global Automotive Ambient Lighting Market for all stakeholders. . It also contains historical and forecasted market size information. Trends are also included in the report. The report is simple and simplifies complicated data using simple language. This report includes information on all aspects of the industry, as well as key players like market leaders, followers and new entrants. The report includes a PORTER, SVOR and a PESTEL analysis. The report also analyzes the potential market impact of microeconomic variables. This report examines both internal and external factors that can have a positive or negative effect on the business. This report will provide a clear view of the industry for decision-makers.
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