In 2021, the automotive ambient lighting market stood at $3,203.8 million; it is set to grow at a rate of 9.2% from 2021 to 2030, to acquire $7,087.5 million revenue by 2030. Ambient automotive lightning is attractive and robust and possesses exterior and interior illumination. The rise in the disposable income of inhabitants leading to the adoption of a luxurious lifestyle to add comfort is driving the demand for automotive ambient lights. Moreover, the growing economies and original equipment manufacturing unit establishments lead to market expansion.
The automotive sector is witnessing rapid growth in India, China, South Korea and Japan, leading to the expansion of the automotive ambient lighting industry. The increase in demand for economy vehicles in APAC is attributed to the significant users of car body lights, roof console lights and reading lights. This is why APAC registers over $1,400 million in sales of ambient lighting products to OEMs, garages, service centers, and DIY consumers. The government initiatives to promote the adoption of connected and autonomous cars is also resulting in the market boom.
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| Automotive Ambient Lighting Market Value 2022-2030 |
The halogen technology is expected to witness an increase in demand in the near future, ascribed to the low-cost availability of the technology, leading to automotive ambient lighting market expansion. The halogen technology appeals to the vehicle’s interior, enhancing its outlook. Halogen lamps are easy to install and utilize, attributed to their standard design and “plug and play” function, resulting in a boost in the market.
The rise in the luxury lifestyle to increase comfort is resulting in dominance of dashboard lights in the automotive ambient lighting market. The increased traction of the passenger cars and autonomous vehicles on the road in North America results in a surge in demand for advanced lights in dashboards, leading to market expansion. Under the type segment, the heads-up display category is expected to witness substantial growth in the market. It is attributed to the growing requirement for the driver's uninterrupted vehicle information display.
Therefore, the rising trend of utilizing halogen technology to make the vehicle look attractive and create an aesthetic appeal, including the luxurious lifestyle to add more convenience and enhance the driving experience, boosts the market.
