The automotive ambient lighting market is anticipated to grow at a 10.5% CAGR during the forecast period 2021-2027. Factors attributing to the growth of the automotive ambient lighting market include rising demand for luxury and comfort in passenger car vehicles, increased vehicle production, rising disposable income among people, rising awareness about energy-efficient lighting solutions, increased awareness about safety and security will propel the growth of the market. The rising demand for conventional and green cars, increased demand for interior aesthetics, and adaption of LED lights in the cars will proliferate the growth of the automotive ambient lighting market. Nevertheless, the improved functionalities and mood lighting will create promising opportunities for growth in the automotive ambient lighting market during the forecast period.

The COVID-19 pandemic has reduced the sale of premium vehicles resulting in a decline in the growth of the automotive ambient lighting market. However, the market is anticipated to bounce back owing to a recovery in the production of vehicles.

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Based on technology, the global automotive ambient lighting market is segmented into halogen, LED, and Xenon. The LED segment contributes to the largest share during the forecast period owing to its superior features like energy-efficient, bright illumination, durable, and involves less cost.

Based on vehicle type, the global automotive ambient lighting market is classified into passenger car, LCV, bus, and trucks. The passenger vehicle dominates the market owing to the increased adoption of dashboards and ambient lights.

Asia-Pacific contributes to the largest share in the automotive ambient lighting market owing to the rising usage of ambient lighting in passenger cars and growing passenger cars sales in emerging economies like China and India. Moreover, rising purchasing power among people will drive the growth of ambient lighting in the automotive industry.

In February 2022, a Memorandum of Understanding ("MOU") has been signed between Samvardhana Motherson Automotive Systems Group BV, a Motherson subsidiary, and Valeo, with an objective to create the future of the automotive vehicle interior through the integration of lighting systems with improved surface treatments. Motherson's new cabin interior modules and surfaces will be integrated with Valeo's unique lighting systems. Using these new technologies, instrument panels, door panels, center consoles, and other interior trims will be entirely redone.

The prominent players in the automotive ambient lighting industry include Hella KGaA Hueck & Co., Koito Manufacturing Co., Ltd., Federal-Mogul Corporation, GE Lighting, OSRAM Licht AG, Magneti Marelli S.p.A, Grupo Antolin, Valeo, Zizala Lichtsysteme GmbH, Ichikoh Industries, Ltd., Stanley Electric Co., Ltd., Federal-Mogul LLC, Robert Bosch GmbH, and Dräxlmaier Group.

Source: VynZ Research