Global Automotive Ambient Lighting Market Is Expected To Expand At a CAGR of 10.5% Year In 2021-2027.

From 2021 to 2027, the automotive ambient lighting market is expected to expand at a CAGR of 10.5%. The rapidly growing selling of ultra-luxury vehicles as a result of rising disposable income among the population is attributed to the growth of the automotive ambient lighting industry. The market's development is also aided by the easy availability of aftermarket solutions.

During the forecast period, the dashboard ambient lighting market is expected to expand at the fastest CAGR in terms of volume. The market for centre console ambient lighting is being driven by rising demand for ambient lighting and luxury vehicles.

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The automotive lighting market has been dominated by strict lighting regulations in developed countries in Europe and North America. Vehicle lighting is extremely important, particularly when driving on congested roads. Governments all over the world are concerned about road accidents. 

For automotive lighting manufacturers, matrix LED, OLED, and laser lighting are some of the latest and promising technologies. The high-beam assembly in matrix LED headlights is made up of 25 individual segments. 

Every day, commercial vehicles such as freight trucks travel thousands of miles. As a result, advanced lighting systems could be impractical. The high cost of advanced lighting systems deters manufacturers from offering them in this vehicle segment. 

The COVID-19 epidemic has wreaked havoc on the global automotive ambient lighting industry. The epidemic has disrupted not only global production plants but also global vehicle sales. Manufacturing plants have been shut down, and new vehicle sales have been halted, affecting the supply of automotive lighting components.

Key Players

•    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. 

•    OSRAM Licht AG 

•    Federal-Mogul LLC

•    Robert Bosch GmbH

•    Dräxlmaier Group

Source: VynZ Research