- The luxury car ambient lighting system offers a soft illumination around the vehicle doors, dashboard, and center console, which lends an attractive appearance to the vehicle. Better illumination in the vehicle may decrease the driver’s fatigue while driving at night.
- Integration of various types of lighting, including LED and OLED lighting system, in the vehicle helps reduce energy consumption. Ambient lighting systems help provide drivers a sense of security, comfort, and free space in an uptight vehicle cabin. Integration of the ambient LED lighting system in the vehicle lends an attractive appearance to its interiors and is likely to create a major impact over consumer preference toward vehicle appearance.
Key Drivers of Global Luxury Car Ambient Lighting System Market
- Rise in demand for luxury vehicles across the globe is likely to boost the luxury car ambient lighting system market. An average price for installation of the ambient lighting system in the vehicle is likely to propel the luxury car ambient lighting system aftermarket sales channel across the globe. Increase in demand for intelligent dashboard in vehicles, which utilizes major lighting systems and investment of major vehicle manufacturers on vehicle interiors lend an attractive appearance to the vehicle. This, in turn, is likely to fuel the luxury car ambient lighting system market across the globe.
- Rising urbanization and demand for smart cities around the world has propelled the usage of luxury passenger cars significantly, which is likely to augment the luxury car ambient lighting system market across the globe. Rise in demand for vehicle electrification, which includes the integration of advanced lighting system for a more attractive appearance, is anticipated to boost the luxury car ambient lighting system market across the globe.
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Europe and Asia Pacific to hold prominent share of global luxury car ambient lighting system market
- Europe is projected to account for a notable share of the global luxury car ambient lighting system market due to significant presence of automotive industries and enactment of stringent rules regarding the installation of lighting systems in vehicles across the region. Rise in demand for comfort and attractive appearance of vehicles is estimated to boost the luxury car ambient lighting system market in Europe. Europe has presence of major original equipment manufacturers as well as Tier-1 suppliers, such as Robert Bosch, Valeo SA, and OSRAM GmbH, who are leading companies and have major research & development facilities on ambient lighting systems. This is estimated to enhance the luxury car ambient lighting system market in Europe.
- Followed by Europe, Asia Pacific is projected to hold a significant share of the global luxury car ambient lighting system market due to an increase in sale and production of vehicles in the region. Furthermore, Asia Pacific has presence of major automotive component manufacturers and a rise in the demand for luxury vehicles across the region is likely to propel the luxury car ambient lighting system market in Asia Pacific.
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Key Players Operating in Luxury Car Ambient Lighting System Market
The global luxury car ambient lighting system market is highly concentrated owing to the presence of top manufacturers. A few of the key players operating in the global luxury car ambient lighting system market are:
- Hella GmbH & Co. KGaA
- Robert Bosch GmbH
- OSRAM GmbH
- Valeo SA
- Federal Mogul LLC
- Valeo Inc.
- Stanley Electric Co. Ltd
- Koito Manufacturing Co. Ltd.