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Automotive Interior Lighting System Market - Global Outlook and Forecast 2019-2024

SKU : ARZ181205
  • Published on : February 2019

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This market research report on the global automotiveinterior lighting system market offers analysis on market size & forecast, market share, industry trends, growth drivers, and vendor analysis. The market study also includes insights on segmentation by product (roof console, reading lights, car body lighting, and ambient lighting), by vehicle (economy, mid-priced, and luxury), by installation (OEM and aftermarket), and by geography (APAC, Europe, North America, Latin America, and MEA).

Automotive Interior Lighting System Market - Overview

The recent development of automotive exterior lighting systems comprising of headlamps, rear lamps, brake lights, and turn signals is leading the way for innovations in the global automotive interior lighting system market. The introduction of LEDs and OLEDs will lead to the revolution of interior car lights during the forecast period. The integration of navigation, entertainment, and ambient lighting systems will contribute to the rising demand in the global market. The growing popularity of functional lighting that includes roof consoles, reading lights and car body lighting will create lucrative opportunities for leading vendors operating in the market. These systems are designed to offer driving and enable easy operation of interior controls and elevate the driver’s mood, alertness, and comfort. Product differentiation is one of the main focus areas of OEMs operating in the global market. The companies are planning to integrate ambient lighting systems in mid-priced and economy cars to attract a large group of consumers. Aggressive plans by top manufacturers such as Daimler, Nissan, and Volvo to commercial electric vehicles in the market will propel the development of the market over the next few years. The integration of ADAS systems and rapid development of autonomous vehicle platform will boost the adoption of LED devices in the market. Government regulations that are promoting the electrification of vehicles will attribute to the revenues in the global automotive interior lighting system market.

The increasing use of automotive electronics such as collision avoidance systems, infotainment, connected systems, and drive-by-wire technologies will propel the demand in the global market. The growing need to receive a higher safety rating and to comply with the stringent safety and emission norms is encouraging the leading vendors to introduce innovative safety systems in the market. The global automotive interior lighting system market is estimated to generate revenues of more than $4 billion by 2024, growing at a CAGR of around 6% during 2018-2024. The market research report also offers market share analysis by unit volume produced during the forecast period.

Automotive Interior Lighting Market Overview and Growth Forecast 2023

Automotive Interior Lighting System Market – Dynamics

The increasing use of sensors enabling the remote control of internal car systems is fueling the innovation in the global automotive interior lighting system market. The increasing number of road accidents is encouraging consumers to adopt enhanced safety features in their vehicles in the global market. The integration of passive safety features like seatbelts, airbags, stronger chassis and electronic and sensor-guided features like rearview displays, blind spot displays, braking systems, traction control, and obstacle identifiers are fueling the demand for ambient lighting in the global market. The vendors are leveraging sensors to install electronic safety features in the vehicles in the global market. Some of the emerging sensor-based technologies in the market are recognition of road signs, collision avoiding maneuvers, driver face-expression detection, pre-crash deployment of airbags and seatbelts, automated space detection and parking, and obstacle detection and automated response. The installation of LED tuning lights that can be controlled remotely through a mobile app will transform the global automotive interior lighting system market.

Automotive Interior Lighting System Market – Segmentation

This market research report includes a detailed segmentation of the market by product, vehicle, installation, and geography.

Automotive interior lighting market segments and share

Automotive Interior Lighting System Market – By Product

Dome lights and roof consoles are an integral part of the vehicle contributing to the revenues in the global automotive interior lighting system market

The global automotive interior lighting system market by product is classified into roof console, reading lights, car body lighting, and ambient lighting. Roof console dominated almost half of the total market share in 2018, growing at a CAGR of over 5% during the forecast period. The growing demand for economy cars and optimal vehicle performance is fueling the growth of this segment in the global market. Roof consoles are an integral part of the vehicle and form a part of the functional interior lighting systems such as dome lights. These products are designed to offer essential safety features and help the driver easily locate the vehicle controls and other objects in the global market. The exponential growth of the automotive industry and growing sales of SUVs in regions such as China, North America, and Europe is contributing to the revenues in this market segment. The development of compact SUVs that offer premium features in a cost-effective package across emerging regions will drive sales of roof consoles in the global automotive interior lighting system market.

The increasing use of reading lights to view maps for navigation or read a book without distracting the driver is fueling the growth of the global market. Car body lighting comprises of the footwell, glove compartment, luggage compartment, and vanity mirrors in the market. The installation of ambient lightingthat improves the driver’s perception of the vehicle interiors will transform the global automotive interior lighting system market.

Automotive Interior Lighting System Market – By Installation Type

Adoption of custom LED lights will boost sales in the aftermarket segmentin the global automotive interior lighting system market

The installation type segment in the global automotive interior lighting system market is divided into OEM and aftermarket. Aftermarket is the fastest installation type segment in the global market, at a CAGR of more than 7% during the forecast period. The increasing adoption of ambient lighting technologies and the growing popularity of custom LED lights are fueling the growth of this segment in the global market. The rising demand for electric vehicles and sustainable technologies is augmenting the development of the aftermarket services in the global market. The development of the autonomous vehicle platform will create new investment opportunities for top manufacturers operating in the global market. The increasing number of the wear-and-tear and crash-relevant parts will fuel the demand in the aftermarket segment in the global automotive interior lighting system market. The rapid technological advancements and consolidation among suppliers will contribute to the growth of this market segment during the forecast period.

The rapid electrification of engine components and the promotion of sustainable technologies by government agencies and regulatory bodies will augment the growth of the OEM segment in the market. The adoption of automotive telematics, ADAS systems, and cockpit electronics will contribute to the profits in the OEM segment in the global automotive interior lighting system market.

Automotive Interior Lighting System Market – By Vehicle

Regulations such as the NCAP will lead to the electrification of components and growth of the global automotive interior lighting system market

The global automotive interior lighting system market by vehicle is segmented into the economy, mid-priced, and luxury. Economy segment occupied more than half of the total market share in 2018, growing at a CAGR of approximately 5% during the forecast period. The exponential advancements in the automotive semiconductor technologies and increasing focus on improving the safety components will lead to the growth of the economy car segment in the global market. The use of electronic devices such as airbag systems or ECS systems and tire pressure monitoring systems in economy cars will propel the growth of the automotive industry during the forecast period. The establishment of The New Car Assessment Program (NCAP) will encourage the adoption of safety electronics in the global market. The installation of powertrain and chassis system, body electronics, safety and security system, telematics, and infotainment systems will contribute to the growing revenues in the global automotive interior lighting system market.

The integration of various kinds of sensors such as vehicle chassis, LiDAR, radar, and cameras in the mid-priced and luxury car segment will add to the growth of the market. The emergence of connected and autonomous cars is propelling the demand for LED interior lighting systems and ambient lighting systems, thereby transforming the global automotive interior lighting system market.

Automotive Interior Lighting System Market – By Geography

Vendors expanding to the MEA region will contribute to the profitability of the global automotive interior lighting system market

The geographical segment in the global automotive interior lighting system marketis categorized into APAC, Europe, North America, Latin America, and MEA. MEA is the fastest growing region in the global market, growing at a CAGR of around 9% during the forecast period. Africa is one of the fastest growing economies in the world is driving the demand for innovative technology in the global market. The development of infrastructure, huge investments in energy, and thriving tourism industry are encouraging the vendors to invest in the development of the African region in the global market. For instance, Ford invested in a new manufacturing facility in Nigeria to manufacture pickup trucks. The government initiatives to promote the development of the African region will lead to business expansion activities in the global automotive interior lighting system market.

Countries such as China, Japan, and India in the APAC region are contributing to the highest revenues in the global market. The demand for luxury vehicles across the European region will encourage the vendors to launch new products in the market. OEMs such as Volkswagen, Mazda, Honda, Audi, and Nissan are investing billions of dollars for the expansion facilities across the North American region in the global automotive interior lighting system market.

The key countries profiled in the report are:

  • China
  • Japan
  • India
  • Germany
  • UK
  • Spain
  • US
  • Mexico
  • Canada
  • Brazil
  • UAE
  • South Africa

Key Vendor Analysis

The global automotive interior lighting system market is witnessing intense competition due to the presence of several international and regional players. The high product reach, increasing demand, and the presence of several competitors that compete regarding price and market shareare intensifying the competition in the APAC market. Product differentiation is gaining immense importance, and companies are leveraging it to sustain the competition levels in the market. The development of Mexican and Canadian economy will positively impact the market and attract several vendors to these regions. The rapid technological advancements in automotive lighting will drive the development of the global automotive interior lighting system market.

The major vendors in the global market are:

  • Valeo
  • Hella
  • OSRAM
  • Bosch

Other prominent vendors include Grupo Antolin, SCHOTT, DRÄXLMAIER, Pacific Insight Electronics,Texas Instruments, EFI LIGHTING, Koninklijke Philips, CML Innovative Technologies, Innotec, NeoliteZKW, MENTOR, Faurecia, Sigma International, APAGCoSyst, Changzhou Xingyu Automotive Lighting System, Shanghai Sunlight Enterprise, OSHINO LAMPS, 3M, Flex-N-Gate, and Toyoda Gosei.

Key market insights include

  1. The analysis of the global automotive interior lighting system marketprovides market size andgrowth rate for the forecast period 2019-2024.
  2. It offers comprehensive insightsinto current industry trends, trend forecast, and growth drivers about the global automotive interior lighting system market.
  3. The report provides the latest analysis of market share, growth drivers, challenges, and investment opportunities.
  4. It offers a complete overview of market segments and the regional outlook of global automotive interior lighting system market.
  5. The report offers a detailed overview of the vendor landscape, competitive analysis, and key market strategies to gain competitive advantage.

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