(MENAFN- Ameliorate Digital Consultancy) automotive interior surface lighting market 2022
The growth in this market can be attributed to the increasing demand for luxury cars and the rising disposable income of consumers. In addition, the growing awareness about the importance of interior lighting in vehicles is also contributing to the growth of this market.
A recently published report of Persistence Market Research suggests that the“global automotive interior surface lighting market will reach the US$ 5 Bn mark in 2029 end, witnessing a healthy CAGR during 2019 – 2029″.
Persistence Market Research (PMR) recently published a study report on the global automotive interior surface lighting market. The report provides detailed valuation on key market dynamics such as drivers, trends, opportunities, and restraints, along with detailed information about the automotive interior surface lighting market structure. This market research report presents exclusive facts and figures about how the automotive interior surface lighting market will grow over the forecast period.
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Increasing consumer preference for value-added features in vehicles that offer a fine balance of functionality and aesthetic appeal is primarily fueling the growth of automotive interior surface lighting market. While luxury cars are experiencing a surge in demand in North America, Europe, and Asia Pacific, the demand for automotive interior surface lighting will continue to soar in the following years. End users are inclined towards spending more on maintaining high-end vehicle ambience, which would remain among the key factors boosting the demand for automotive interior surface lighting solutions.
Automotive Interior Surface Lighting Market: Research Methodology
In PMR's research report, exclusive research methodology is utilized to conduct comprehensive research on the development of the automotive interior surface lighting market and reach conclusions on the future growth factors of the market. In this research methodology, secondary and primary research is utilized by assistant analysts to ensure precision and reliability of the conclusions.
Secondary resources are referred by analysts during the evaluation of the automotive interior surface lighting market study, which comprises of the facts and figures from the World Bank, OEM websites, government websites, white papers, trade journals, and external and internal databases. Analysts have thoroughly interviewed several industry experts, such as sales supervisors, sales operation managers, product portfolio managers, senior managers, market intelligence managers, marketing/product managers, and production managers to provide insightful information.
Comprehensive information acquired from primary resources and secondary resources is validated from companies operating in the market to make PMR's projection on growth prospects of the automotive interior surface lighting market more accurate and reliable.
Key Companies-
Yanfeng Automotive Interiors Valeo SA HELLA KGaA Hueck & Co Everlight Electronics Co OSRAM Licht AG, LSI Industries Inc Efi lighting Toshiba Corporation Innotec Group DRÄXLMAIER Group Oshino Lamps Limited, Grupo Antolin and more
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Key Takeaways
A key trend witnessed in the automotive interior surface lighting market is the incorporation of smart connect technology via Bluetooth or Wi-Fi, known as wireless operated interior surface lighting. Manufacturers are focusing on partnerships with car body modifiers (interior & exterior) in the aftermarket as these modifiers can significantly boost growth of the automotive interior surface lighting market. Additionally, key players are involved in designing vehicle specific interior ambient lights that enhance automotive interior aesthetics. Lights guides are gaining traction in the global automotive interior surface lighting market due to its optimum cost and easy installation In the passenger cars segment, luxury vehicles sub-segment is expected to dominate the market, and hold more than 50% of the market share of passenger car interior surface lighting in the forecast period.
Aesthetics of a vehicle, comfort of the driver, and decreased driving fatigue are some of the key benefits associated with automotive interior surface lighting. Key players are focused on providing extended warranty products at an optimum cost, which increases sales of companies in mid-size and compact cars category.
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Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
Automotive Interior Surface Lighting Market Manufacturers
Automotive Interior Surface Lighting Market Distributors/Traders/Wholesalers
Automotive Interior Surface Lighting Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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