Automotive Interior Ambient Lighting Systems Market: Centre Console & Dashboard Application Segment to Remain Dominant Throughout the Forecast Period: Global Industry Analysis 2012 - 2016 and Opportunity Assessment 2017 - 2027
- REP-GB-1503
- 2017-09-27
- 258 Pages
- Format:
- Category: Automotive & Transportation
Centre Console & Dashboard ambient lighting desired by consumers
Interior ambient lighting systems are primarily designed to enhance the aesthetic appeal of an automobile and make long-journeys more relaxing by way of ‘mood lighting’. The first part of an automobile that passengers see after stepping in is the centre console and dashboard which is why both OEM’s and aftermarket channels focus on this segment the most in the automotive interior ambient lighting systems market. The dashboard and centre console segment is anticipated to have a market share approaching 40% in the global automotive interior ambient lighting systems market in 2017 and this could grow to more than 41% by end 2027. An incremental dollar opportunity of approx. US$ 700 million exists in the centre console & dashboard segment between 2017 and 2027.
Door ambient lighting can make automobiles gleam
Door application is the second most popular segment in the automotive interior ambient lighting systems market and it is poised to gain 50 BPS during the decadal study. The door application segment is poised to record a robust CAGR of 5.5% during the forecast period and key stakeholders in the automotive interior ambient lighting systems market are advised to take this into consideration while devising their business strategies. Even floor lighting has significant potential in the automotive interior ambient lighting systems market as this segment is estimated to create an incremental dollar opportunity of just under US$ 330 million during the decadal study period.
Large OEM’s incorporating automotive interior ambient lighting
Large OEM’s, particularly in developed regions of the world such as North America and Europe have begun installing automotive interior ambient lighting at the factory level itself. This is because consumers there have a higher disposable income and are prepared to pay a premium to make their vehicle stand out in the parking lot. They are willing to customize their vehicles to suit their individual personality and what better way exists than with automotive interior ambient lighting systems? In addition to this, the presence of a large number of aftermarket automotive interior ambient lighting systems manufacturers should strengthen the regional automotive interior ambient lighting systems market. Ford is an iconic American carmaker and was the pioneer in implementing automotive interior ambient lighting in all of its models across the range. Ford sold almost 6.5 million cars by the end of 2016, boosting the prospects of the automotive interior ambient lighting systems market.
Hybrids and Automotive Interior Lighting Systems – a match made in heaven
In this era of global warming and climate change, conventionally powered automobiles have borne the brunt of public anger. Therefore, manufacturers have hastened their plans to shift towards electric or hybrid vehicles and this should certainly benefit the automotive interior ambient lighting systems market. Manufacturers will increasingly seek out new and innovative ways to differentiate their products in the market and automotive interior lighting systems are one of the best ways to do so. This has greater significance in emerging markets that have the unfortunate situation of needing to reach developed status while making sure that their environment remains pristine for future generations. The AMIA i.e. the Mexican Automotive Industry Association states that more than 8000 hybrid and electric vehicles were sold in the country in 2016, a massive 448% increase in just one year.
The ‘Automotive Interior Ambient Lighting Systems Market: Global Industry Analysis 2012-2016 and Opportunity Assessment 2017-2027’ report is an exhaustive study conducted by Future Market Insights for an in-depth forecast and assessment of the automotive interior ambient lighting systems market for the decadal period ending in 2027. The report has included all the latest trends and developments that have shaped the automotive interior ambient lighting systems market. Revenue figures of key stakeholders in the automotive interior ambient lighting systems market have been taken into account to understand the present and future prospects that exist in the automotive interior ambient lighting systems market. The historical data for the period of 2012 to 2016 has been compared and contrasted with the forecast period to present readers a comprehensive view of the automotive interior ambient lighting systems market.
Automotive Interior Ambient Lighting Systems Market: Taxonomy
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To get a firm grasp of the automotive interior ambient lighting systems market, the report has analysed multiple parameters and has been prepared to serve a number of objectives. Some of these are measuring the scope of market opportunities, evaluating the immediate competition, assessing regions perfect for expansion into, and tracking new product development. Manufacturer practices and target consumer bases have been discussed in the automotive interior ambient lighting systems market report. The automotive interior ambient lighting systems market report findings have been compiled in a logical yet easy-to-understand manner beginning with the executive summary and introduction sections. A broad overview of the automotive interior ambient lighting systems market can be expected in this section coupled with a definition and taxonomy of the automotive interior ambient lighting systems market.
The automotive interior ambient lighting systems market report then focuses on the market dynamics by examining the drivers, restraints, opportunities, and threats that have an outsized impact on the automotive interior ambient lighting systems market. Macroeconomic and industry wide trends have been given adequate attention and the report highlights every factor that influences the global automotive interior ambient lighting systems market. Distribution networks, supply chains, pricing, and cost structures have been examined in the automotive interior ambient lighting systems market report. An intensity map that illuminates the presence of key market participants across several regions is provided by the report. Other sections have a segmented analysis of the global automotive interior ambient lighting systems market. A country-wise forecast and cross-segmental analysis is in the following sections of the automotive interior ambient lighting systems market report.
Research Methodology
The research methodology used by Future Market Insights is trusted by our customers and envied by our competitors. Market size estimates and quantitative values have been seamlessly infused with quantitative insights to deliver all the necessary information pertaining to the automotive interior ambient lighting systems market. For catering to a global audience, the market size value has been given in terms of US dollars. The report is designed to allow market participants to devise their long and short-term strategies in the automotive interior ambient lighting systems market. The report can assist companies in identifying new growth opportunities and strengthen their presence in the automotive interior ambient lighting systems market over the duration of the forecast period.