Automotive Cabin Lighting Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

The automotive cabin lighting market share is expected to increase by USD 702.32 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 4%.

This automotive cabin lighting market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers automotive cabin lighting market segmentations by technology (LED, halogen, and xenon) and geography (APAC, Europe, North America, South America, and MEA). The automotive cabin lighting market report also offers information on several market vendors, including Aptiv Plc, HELLA GmbH & Co. KGaA, Koito Manufacturing Co. Ltd., LG Electronics Inc., Marelli Holdings Co. Ltd., OSRAM GmbH, Robert Bosch GmbH, Samsung Electronics Co. Ltd., Stanley Electric Co. Ltd., and Valeo SA among others.

What will the Automotive Cabin Lighting Market Size be During the Forecast Period?

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Automotive Cabin Lighting Market: Key Drivers, Trends, and Challenges

The increasing demand for effective interior lighting is notably driving the automotive cabin lighting market growth, although factors such as the lack of proper regulatory framework regarding cabin lighting may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive cabin lighting industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Automotive Cabin Lighting Market Driver

The increasing demand for effective interior lighting is notably driving the automotive cabin lighting market growth. Automotive interior lights increase the visual appeal of vehicles for customers. These lights accentuate the space and create a perception of increased cabin space in vehicles. In May 2015, Chevrolet introduced the concept of dynamic internal lighting for its Camaro 2LT and Camaro SS models with its interior spectrum lighting. This lighting system offers 24 diverse lighting effects in vehicle interiors, including dashboards, door panels, and cup holders. Ambient lighting in an automotive cabin highlights the texture of the seat and mimics the feel of a premium vehicle. Vehicle manufacturers have been increasing the number of light sources in their vehicles to attract buyers. Automakers can configure color patterns in their lighting, which can be changed based on haptic inputs from drivers. Established automobile manufacturers are focusing on using interior lighting to promote their brand by using a specific colored light for their vehicle cabin as brand identification. The increase in competition in the automotive industry has even led manufacturers of mid-segment cars and SUVs to use ambient lighting to differentiate their products. The increase in the use of interior lighting, even in mid-segment cars, is expected to drive the demand for automotive lighting during the forecast period.

Key Automotive Cabin Lighting Market Trend

The increasing demand for EVs is the key trend driving the automotive cabin lighting market growth. The growing emphasis on sustainable energy and the use of environment-friendly measures to curb CO2 emissions have been increasing the focus on EVs. LED lamps consume less than 25% of the energy compared with traditional lighting, which makes them an effective option in electric cars. As EVs rely on stored electricity from batteries, it becomes imperative for EV manufacturers to use energy-effective lighting. EV manufacturers are also using AI-based systems to increase the effectiveness of lighting systems used in electric cars. The rapid expansion of the EV charging infrastructure, the increase in awareness among consumers, and a full or partial ban on the use of fuel-powered vehicles are driving the demand for EVs across the world. Although the sales of EVs were less than that of conventional fuel-based vehicles in 2019, the demand for EVs is expected to increase due to favorable government policies supporting the use of energy-efficient vehicles. This, in turn, will drive the demand for efficient cabin lighting such as LED lighting in these vehicles during the forecast period.

Key Automotive Cabin Lighting Market Challenge

The major challenge impeding the automotive cabin lighting market growth is the lack of a proper regulatory framework regarding cabin lighting. Some regulatory frameworks aim at mandating the use of certain technologies in vehicles. Although every vehicle is equipped with cabin lighting, there are no regulations that check or standardize automotive cabin lighting in Europe, North America, and APAC. The absence of any stringent rules allows vehicle manufacturers to install various types of cabin lighting systems that may potentially distract the driver. Therefore, there should be a proper formulation of standards for cabin lighting regarding their lighting intensity, color, and light type to ensure the unhindered development of cabin lighting technologies. BMW and Mercedes Benz maintain the luminance value of cabin lighting at below 0.1 cd/m² (candela per square meter) to cause a minimal distraction to drivers. Therefore, the absence of a standard measure limiting the luminance of cabin lighting restricts the growth of the global automotive cabin lighting market, as vehicle manufacturers will be unwilling to develop cabin lighting technology further.

This automotive cabin lighting market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global automotive cabin lighting market as a part of the global automotive components and accessories. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automotive cabin lighting market during the forecast period.

Who are the Major Automotive Cabin Lighting Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• Aptiv Plc
• HELLA GmbH & Co. KGaA
• Koito Manufacturing Co. Ltd.
• LG Electronics Inc.
• Marelli Holdings Co. Ltd.
• OSRAM GmbH
• Robert Bosch GmbH
• Samsung Electronics Co. Ltd.
• Stanley Electric Co. Ltd.
• Valeo SA

 

This statistical study of the automotive cabin lighting market encompasses successful business strategies deployed by the key vendors. The automotive cabin lighting market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• Aptiv Plc - The company offers aptiv intelligent interior lighting solutions for passenger cars.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The automotive cabin lighting market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Automotive Cabin Lighting Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the automotive cabin lighting market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Automotive Cabin Lighting Market?

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67% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for the automotive cabin lighting market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The high-volume adoption of passenger cars will facilitate the automotive cabin lighting market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 negatively impacted the automotive cabin lighting market in APAC during the first half of 2020. The rising number of COVID-19 cases in the region compelled governments of various countries to restrict international trade and impose lockdowns. The closure of international trading led to a decline in the demand for automotive cabin lighting from different exporters. In addition, the temporary shutdown of various offline distributors led to a reduction in the sales of automotive cabin lighting in APAC. In addition, the second wave of the pandemic in the majority of countries in APAC obstructed auto sales and decreased the demand for automotive cabin lighting in Q1 2021. However, the reopening of international boundaries for trading is likely to enhance the demand for automotive cabin lighting in APAC during the forecast period.

What are the Revenue-generating Technology Segments in the Automotive Cabin Lighting Market?

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The automotive cabin lighting market share growth by the LED segment will be significant during the forecast period. The growing demand for ambient lights across the passenger cars segment is a positive factor for the growth of this segment. For instance, most vehicles fitted with ambient lighting have about 10 LEDs per vehicle. The growing demand for intelligent lighting in luxury cars is encouraging automotive OEMs to adopt LED lights with built-in integrated circuits (ICs) for ambient lighting applications.

This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive cabin lighting market size and actionable market insights on post COVID-19 impact on each segment.

 

Automotive Cabin Lighting Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 4%
Market growth 2021-2025	$ 702.32 million
Market structure	Fragmented
YoY growth (%)	3.63
Regional analysis	APAC, Europe, North America, South America, and MEA
Performing market contribution	APAC at 67%
Key consumer countries	China, US, Germany, Japan, and UK
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Aptiv Plc, HELLA GmbH & Co. KGaA, Koito Manufacturing Co. Ltd., LG Electronics Inc., Marelli Holdings Co. Ltd., OSRAM GmbH, Robert Bosch GmbH, Samsung Electronics Co. Ltd., Stanley Electric Co. Ltd., and Valeo SA
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Automotive Cabin Lighting Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive automotive cabin lighting market growth during the next five years
• Precise estimation of the automotive cabin lighting market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the automotive cabin lighting industry across APAC, Europe, North America, South America, and MEA
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of automotive cabin lighting market vendors

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