Automotive Ambient Lighting Market To Generate $7,087.5 Million Revenue by 2030

The global automotive ambient lighting market will generate revenue of $7,087.5 million in 2030, progressing with a CAGR of 9.2% during 2021–2030. This market's expansion is a result of the rising demand for luxury and premium vehicles, increasing use of mood lighting, and growing preference of multicolor ambient lighting in high-end vehicles.

LED Is Most-Used Technology

The LED technology is widely used for creating ambient lighting, which is why it held the largest revenue share in 2021, of around 71.9%. LED lighting solutions have become a significant market trend since LEDs consume less energy to create the same amount of light in comparison to xenon and halogen lights. LED lights are commonly fitted in premium vehicles due to their multiple advantages, including reduced power consumption, increased longevity, more-adaptable capabilities, greater aesthetic value, and higher brightness when compared to halogen and xenon variants. The category’s growth is also likely to be fueled by an increase in the number of newly manufactured vehicles equipped with LED illumination.

Due to Need for Stronger Safety Features, Dashboard Light Market Is Booming

Dashboard lights are the highest revenue generators in the ambient lighting market. The increasing sales and production of ICE, electric, and hybrid cars, driven by their rising adoption for various transit as well as personal uses, are expected to drive the automotive dashboard lighting market over the projection period. These lights are in great demand since they better display speed, direction, engine temperature, and other driving-related information and are widely integrated into door handles, center consoles, dashboards, footwells, and roof console. Thus, the rising demand for illuminated dashboard controls is projected to boost the automotive ambient lighting market.

APAC Leads Market

The market in the APAC region was valued at $1,404.5 million in 2021, and it is expected to reach $3,198.0 million by 2030, growing at a CAGR of 9.6% during the forecast period. APAC is set to be the highest revenue generator in the global market due to the steady surge in consumers’ per capita income and increase in the sales of automobiles.

Furthermore, due to the significant domestic car production and sales, China and Japan captured the two largest market shares. Additionally, the region has a high concentration of domestic and international automotive lighting producers, which drives the automotive ambient lighting market’s growth.

Launches Are the Most-Effective Strategic Measures

To remain competitive, players in the global market have undertaken a range of strategic developments. For instance, in April 2021, Valeo announced the creation of the first 360° lighting system, at the Shanghai Auto Show. The system surrounds the car with a band of light, projecting clear, simple, and instantaneous signs that other road users can perceive.

Key market players are Tenneco Inc., Koito Manufacturing Co. Ltd., OSRAM GmbH, Dräxlmaier Group, General Electric, Parker Hannifin Corp., Robert Bosch GmbH, and Dymax.