Increased Installation of Ambiance Lighting in Premium Vehicles to Drive the Growth of the Global Market in the Coming Years

Ambient lighting in vehicles is becoming more and more popular in the automotive industry. Along with making the interior of a vehicle more appealing it also ensures driver safety, since it makes the instruments and control panel effectively visible, especially at night and when the visibility is low. Ambient lighting has been currently dominating the high-end luxury cars segment since the past few years. Adoption and installation of ambient lighting in premium and mid-segment cars is on a rise, thereby boosting the growth of the overall market as well.

Market overview

The global ambiance lighting market for automotive that was estimated to be worth USD 2.29 Billion in 2016 is projected to reach a size of USD 5.30 Billion by 2022, growing at a CAGR of 14.41% during the forecast period 2017-2022.

Among applications, the footwell ambiance lighting is projected to be the largest market over the forecast period, since it helps in improving the visibility of the foot area, and is also one of the most common applications of ambiance lighting. However, the dashboard ambiance lighting market is expected to witness the highest growth, owing to the increased installation of ambiance lighting and sale of premium cars.

Based on electric vehicle type, PHEV is projected to be the fastest-growing market for ambiance lighting, whereas on the basis of vehicle segment, E segment vehicles are expected to hold the largest market share during the forecast period, mainly due the rising production of passenger cars and installation of ambiance lighting in low and mid-segment cars.

Geographical growth scenario of the market

Among regions, the Asia Oceania calls for the highest demand for ambiance lighting systems, since it is a major production hub for automotive industry, mainly for low and mid-segment cars. Along with the increase in production of vehicles, the demand for ambiance lighting systems is also anticipated to rise. Therefore, the market in Asia Oceania region is estimated to hold the largest market share for ambiance lighting systems by 2022. This growth can be majorly attributed to the huge production of vehicles in China and rising demand for premium vehicles, which in turn has resulted in high demand for ambiance lighting systems. Moreover, the rising disposable income of the people in this region is also a major factor driving this market towards growth. Apart from this, the market in North America is expected to be the second largest market for ambiance lighting after Asia Oceania in the coming years, owing to the high demand for luxury cars that are equipped with ambiance lighting. Moreover, the increasing purchasing power of the consumers is also boosting the growth of this market.

Factors driving and restraining the market growth

The growth of the global ambiance lighting market for automotive is being majorly driven by the following factors:

  • Growth in sale of ultra-luxurious vehicles
  • Growing market for LED lights in cars
  • Easily available aftermarket solutions
  • Increasing focus on comfort and safety features

In addition, enhanced functionalities and mood lighting are expected to further create ample growth opportunities for the market.

However, high R&D cost and fluctuating prices of raw materials are the major factors likely to hinder the growth of this market to a certain extent. Moreover, driver distraction and unorganized aftermarket are the key challenges being faced by the players involved in this market.

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Major players in this market

The companies operating in the worldwide ambiance lighting market for automotive includes HELLA KGaA Hueck & Co. (Germany), OSRAM Licht AG (Germany), Grupo Antolin (Spain), Federal-Mogul LLC (US), and Koito Manufacturing Co., Ltd. (Japan). Among these, Hella is one of the leading players in this market with a vast product portfolio and supplies ambiance lighting systems to other companies such as BMW AG (Germany), Ford Motor Company (US), and Daimler AG (Germany).

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