The global automotive interior ambient lighting system market was valued at USD 36.2 billion in 2022 and is estimated to reach USD 37.23 billion in 2023. According to a report by Future Market Insights, the market is projected to grow at a CAGR of 6.41% between 2023 and 2033, reaching approximately USD 69.1 billion by 2033.
Key Takeaways from the Market Study
- The global automotive interior ambient lighting system market in 2022 was US$ 36.2 billion.
- The automotive interior ambient lighting system market expanded with a year-on-year growth of 4.1% in terms of value in 2022 reaching a value of about US$ 3,066.0 million by 2022 end.
- The global business is anticipated to witness a considerable CAGR of 5.4% by value during the period between 2022 and 2030.
- East Asia automotive interior ambient lighting system market is the most prominent market, expanding at a CAGR of 5.6% by volume over the forecast period.
- The global automotive interior ambient lighting market expanded at a CAGR of 5.2% between 2018 and 2022.
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- China is projected to be one of the prominent markets in the Asia Pacific region with a value share of 68.9% of overall sales of automotive interior ambient lighting systems in East Asia in 2022. It is further expected to secure a CAGR of 6.9% during the forecast period.
- Japan holds a market share of 24.3%.
- India is predicted to capture a CAGR of 5.8%.
- Australia is estimated to record a CAGR of 5.12%.
- North America is a key market in the automobile interior ambient lighting system industry holding a market share of 52.8%.
- The United States holds a significant part in the region with a value share of 38.2%.
- Europe’s large automotive market holds a market share of 45.4%.
- Germany also has Europe’s high concentration of OEM factories with a value share of 33.2%.
- The United Kingdom holds a second position in the market region, which is expected to thrive at a CAGR of 4.12%.
- LEDs are said to hold a prominent share of the market.
- The most preferred and dominant technology in the current scenario is the LED segment, which might remain in the similar position in the upcoming years with a market share of 62.1%.
- Aftermarket segment has the most preferred sales.
- Aftermarket segment is projected to expand at 5.1% CAGR by volume.
- Luxury vehicles are said to hold a leading position in the market.
- Luxury vehicles hold a market share of 39.8% in the market regions as they are synthesized for transporting passengers and are designed to seat more than five individuals.
- Centre console and dashboard is estimated to have significant demand in the market.
- Centre console and dashboard segment is expected to have the huge demand in the market with a value share of 47.88%
“Growth in the trend of customization among customers is one of the key trends of the global automotive interior ambient lighting system market”, – comments a Future Market Insights Analyst.
Competitive Scenario
Key Players Profiled in the Market
- Valeo SA
- HELLA KGaAHueck& Co.
- OSRAM Licht AG
- LSI Industries Inc
- Everlight Electronics Co., Ltd
- Toshiba Corporation
- DRÄXLMAIER Group.
- Oshino Lamps Limited
- Innotec Group
- Grupo Antolin
- DOMINANT Opto Technologies Sdn. Bhd
Recent Industry Development in the Global Automotive Interior Ambient Lighting System Market:
- In June 2023, LSI Industries Inc. (Nasdaq: LYTS), a leading United States based manufacturer of commercial lighting and display solutions, announced that it has earned the opportunity to join the broad-market Russell 3000® Index at the conclusion of the 2023 Russell indexes annual reconstitution.
Automotive Interior Ambient Lighting System Market Segmentation
By Technology:
- LED
- Others
By Vehicle Type:
- Compact
- Sedan
- Executive
- SUV/MUV
- Luxury
- Sports
- LCV
- HCV
By Application:
- Centre Console and Dashboard
- Doors
- Roof
- Floor
- Others
By Sales Channel:
- OEM
- Aftermarket
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- The Middle East and Africa
