Global Automotive Interior Ambient Lighting Market accounted for US$ 3.0 billion in 2020 and is estimated to be US$ 7.13 billion by 2030 and is anticipated to register a CAGR of 9.1%. Automotive interior lighting will evolve to hundreds, if not thousands, of RGB LEDs per car as a result of general lighting trends. Nowadays, ambient lighting is virtually considered standard for premium cars because it improves comfort and orientation within the vehicle during night driving. 1,000 RGB light-emitting diodes (LEDs)2 are the next big thing in automotive interior lighting, giving coordinated effects and a living room feel for autonomous and robot cars, including daylight performance.
The report " Global Automotive Interior Ambient Lighting Market, By Vehicle Type (Passenger Cars, Commercial Vehicles, and Electric Vehicle), By Application (Dashboard, Doors, Footwell, Center Console, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa) - Trends, Analysis, and Forecast till 2029’’
Key Highlights:
- In December 2020,With the release of two white LEDs that cover a wide color temperature range, Osram Opto Semiconductors has introduced the first items in its new Ostune LED family.
Analyst View:
Increased vehicle production, a higher rate of ambient lighting installation, and rising demand for luxury vehicles are driving the ambient lighting market in automotive. Consumers' lifestyles have been altered as global economic conditions have improved. The expansion of the vehicle interior ambient lighting market is being driven by rising demand for conventional and green cars in the automotive industry. Automotive interior lighting has a favourable impact on perception of space, vehicle interior look, safety and comfort, as well as alerting and mood lighting, depending on the driver's mood.
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Key Market Insights from the report:
Global Automotive Interior Ambient Lighting Market accounted for US$ 3.0 billion in 2020 and is estimated to be US$ 7.13 billion by 2030 and is anticipated to register a CAGR of 9.1%Global Automotive Interior Ambient Lighting market is segmented into Vehicle type, application and region.
- Based on Vehicle Type, the Global Automotive Interior Ambient Lighting Market is segmented into Passenger Cars, Commercial Vehicles, and Electric Vehicle.
- Based on Application, the Global Automotive Interior Ambient Lighting Market is segmented into Dashboard, Doors, Footwell, Center Console, and Others.
- By Region, the Global Automotive Interior Ambient Lighting Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Competitive Landscape & their strategies of Global Automotive Interior Ambient Lighting Market:
The key players in the global Automotive Interior Ambient Lighting market includes OSRAM Licht AG, HELLA GmbH & Co. KGaA, Valeo S.A., DRÄXLMAIER Group, Grupo Antolin, Koito Manufacturing Co., Ltd., Koninklijke Philips N.V., Magneti Marelli S.p.A, Zizala Lichtsysteme GmbH, and SCHOTT AG.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
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