Overview
Requirement of additional space and increased power consumption are two challenges manufacturers face. Adoption of LED technology offers benefits such as compactness, longer lifespan, and reduced power consumption. At the same time, LED technology has some drawbacks such as low light intensity (individual LED) and emittance of light at narrow angles. These factors push manufacturers to arrange LEDs in a series to provide an ambient lighting system as per requirement. This leads to increase in costs and higher space occupancy. The U.S automotive ambient lighting market by product type is classified into OEM product and aftermarket product. Aftermarket product is the fastest installation type segment in the U.S market during the forecast period. The increasing adoption of ambient lighting technologies and the growing popularity of custom LED lights are fuelling the growth of this segment in the U.S market. The supportive government policies that encourage the adoption of the latest automotive technologies will lead to the development of the U.S market over the next few years. The strategic partnerships between suppliers and OEMs are helping to reduce operational costs and boost the use of LED technology in the automotive ambient lighting market. By application, U.S automotive ambient lighting market can be categorized into Dashboard, Footwell and Doors. The dashboard segment is expected to exhibit the highest revenue over the forecast period in the automotive ambient lighting market, owing to increase in sales of ultra-luxury cars. Automotive ambient lighting helps illuminate and improve recognition of controls and switches on a dashboard and instrument panel. This eliminates the need for manually feeding controls during night drives. It also helps improve alertness and reduces stress, dizziness, and strain on the eyes. Use of lighting on the footwell improves overall ambience, enhances visibility of objects on a footwell, and illuminate brakes during night drives and emergency situations. The footwell application type segment in the U.S automotive ambient lighting market is expected to expand over the forecast period. Ambient lighting in automobiles highlight door latches and thus, enables passengers to exit quickly. It
also provides sufficient lighting for stationary and moving vehicles for identifying an open door or a passenger alighting from a car. Other application areas of ambient lighting in vehicles include overhead consoles, glove box, headliner, and rear seats or trunks. By geographical, the North American region consists of the U.S., and Canada. Latin America region consists of Mexico and Brazil. North America held the largest market share and is expected to witness moderate growth over the forecast period. This growth can be attributed to increasing luxury vehicle sales in the region, as well as incorporation of ambient lighting in all mid-segment and premium vehicles. Countries in the region are focusing more on introducing safety features in vehicles. Mexico passed a vehicle safety standard known as Mexican Official–Safety Devices in New Vehicles–Safety Specifications and section 4 of these specifications mandates lighting incorporation in vehicle interiors. Presence of major luxury vehicle manufacturers such as BMW, Audi, Mercedes Benz, and Volkswagen Group will fuel market growth in the region. In South America, automotive manufacturers in Brazil are leading exporters of automobiles. Although the region lacks in vehicle safety systems and features, growing emphasis on vehicle safety standards is expected to witness boost market growth over the forecast period.
Major players in the Market are identified through secondary research and their Market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top manufacturers; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and Marketing executives. The percentage splits, Market shares, growth rate and breakdowns of the product Markets are determined through using secondary sources and verified through the primary sources. Inquiry about report OR ask for Sample Report @ https://www.profsharemarketresearch.com/inquiry/automotive-ambientlighting-market-report-inquiry/ Automotive Ambient Lighting Market: Product Type OEM Product Aftermarket Product Automotive Ambient Lighting Market: Application Dashboard Footwell Doors Automotive Ambient Lighting Market: Competitive Analysis Hella TE Connectivity Federal Mogul Osram Grupo Antolin Automotive Ambient Lighting Market: Regional Analysis North America U.S.A Canada Europe France
Germany Spain UK Rest of Europe
Asia Pacific China Japan India South East Asia Latin America Brazil Middle East and Africa
Access Full Report @ https://www.profsharemarketresearch.com/automotive-ambient-lightingmarket/ Automotive Ambient Lighting Market Report delivers comprehensive analysis of : Market Forecast for 2019-27 Market growth drivers Challenges and Opportunities Emerging and Current market trends Market player Capacity, Production, Revenue (Value) Supply (Production), Consumption, Export, Import analysis End user/application Analysis About Profshare Profshare Market Research is a full service market research company that delivers in depth market research globally. We operate within consumer and business to business markets offering both qualitative and quantitative research services. We work for private sector clients, along with public sector and voluntary
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