Automotive Interior Ambient Lighting Market 2018 Global Size, Growth, Share, Industry Trends, Opportunities, Key Players, Competitive Analysis And Regional Forecast To 2023
Automotive Interior Ambient Lighting Market to grow at 6% compound annual growth rate from 2018 to 2023, according to “Global Automotive Interior Ambient Lighting Market Size, Share, Trends, Growth and Regional Forecast Industry Report” published by Market Research Future.
Pune, India – November 15, 2018 /MarketersMedia/ —
Automotive Interior Ambient Lighting Market to grow at 6% compound annual growth rate from 2018 to 2023, according to “Global Automotive Interior Ambient Lighting Market Size, Share, Trends, Growth and Regional Forecast Industry Report” published by Market Research Future. This report comprises comprehensive information on Automotive Interior Ambient Lighting Market Forecast data up to 2023, with historic and current market information. Automotive Interior Ambient Lighting Industry analysis done 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) and Region.
Global Automotive Interior Ambient Lighting Market Highlights:
The global automotive interior ambient lighting market is being majorly driven by the increased popularity of ambient lightings. Ambient lighting products comprises products such as light rings, diffuser lenses and LED pin spot lights, which are extensively used in interior components such as door panels, instrument panels and seat frames. The use of this interior ambient lighting gives a pleasing effect to the driver and facilitates improved functionality and comfort, thereby illuminating necessary functions to be performed in dark.
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Automotive Interior Ambient Lighting Market Key Companies Studied in this report are:
Hella KGaA Hueck & Co (Germany), Koito Manufacturing Co., Ltd. (Japan), Federal-Mogul Corporation (U.S.), GE Lighting (U.S.), OSRAM Licht AG (Germany), Magneti Marelli S.p.A (Italy), Grupo Antolin (Spain), Valeo (France), Zizala Lichtsysteme GmbH (Austria), Ichikoh Industries, Ltd. (Japan), Stanley Electric Co., Ltd. (Japan), OSRAM Licht AG (Germany).
Manufacturers are also developing premium interior ambient lights to accessorize vehicles. Innovations in interior ambient technology, the rise in popularity and the development of laser and interior ambient lights are the key trends that are contributing to the augmented growth of global automotive interior ambient lighting.
On the other hand, Factors such as slow growth of vehicle sales in BRIC nations, high costs of LED lights, high research and development costs are projected to restrict the market growth of global automotive interior ambient lighting. Nevertheless, along with technological advancements in the vehicles, the consumption of these lights is growing day by day which is expected to support the market growth over the forecast period.
North America region is expected to dominate the global market owing to the factors such as rising disposable income and increasing new vehicle registrations. Europe is the second leading region, in terms of revenue. Asia Pacific region is expected to grow with the highest CAGR over the forecast period as the region accounts for the highest automotive sales over the forecast period. In Asia-Pacific region, countries such as China, Japan, India and Indonesia are expected to contribute significantly owing to the increasing demand for passenger vehicles.
Market Segments Analysis:
The automotive interior ambient lighting market can be segmented into four key dynamics for the convenience of understanding;
By Product Type: Dashboard Lights, Ambient Lighting, Head-up Display, and Reading Lights among others.
By Technology: Halogen, LED and Xenon among others.
By Vehicle Type: Passenger Vehicles and Commercial Vehicles among others.
By Region: North America, Europe, APAC and the Rest-of-the-World.
The subsegment LED is expected to dominate the global market by technologies in terms of market revenue. The growth of LED can be attributed to its extensive popularity due to its increased energy efficiency as compared to the other lighting technologies and the phasing out halogen bulbs.
Research Methodology:
Market Research Future (MRFR) employs innovative statistical algorithms for gathering impactful market insights that can drive business decisions. An in-depth analysis of constantly evolving market trends combined with a study of historical data is leveraged for providing accurate competitive intelligence. The statistical observations made in our reports are backed by data procured through extensive primary and secondary research which include interviews with stakeholders, SEC filings, whitepaper references, annual reports of key players, etc. Top-down and bottom-up approaches are employed for authenticating the credibility of the market foresight delivered. A multi-layer verification process reaffirms the market size and revenue estimation. MRFR strives to provide reliable and transparent information that helps clients in developing growth strategies.
The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Table Of Contents:
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Stud
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4.1 Introduction
4.2 Forward Collision Warning
4.3 Dynamic Brake Support
4.4 Crash Imminent Braking
Continued…
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