Ambient Lighting Creates Dazzling Interior Experience: The Market is Set to Soar Past USD 122.67 Billion by 2030
The global Ambient Lighting market size is expected to reach USD 122.67 billion by 2030 and exhibit a CAGR of 9.7% in the forecast period (2023−2030), according to Skyquest’s latest research report. The growing preference for personalized interior lighting options, rising adoption of advanced driver assistance systems (ADAS), improving safety and comfort features in vehicles, expanding luxury and premium vehicle segments, and increasing focus on interior lighting as a key differentiating factor, are fueling the Market’s growth.
Westford, USA, July 06, 2023 (GLOBE NEWSWIRE) — According to SkyQuest’s latest global research of the Ambient Lighting market, the integration of advanced lighting technologies such as OLED (Organic Light Emitting Diode), the growing adoption of customizable lighting options, the introduction of intelligent lighting control systems, the integration of ambient lighting with vehicle interior themes and moods, incorporation of dynamic lighting effects and animations, emphasis on energy efficiency and sustainability, integration of ambient lighting with driver monitoring systems, incorporation of augmented reality (AR) and projection-based lighting features, are the trends that aid in the market’s growth.
Browse in-depth TOC on “Ambient Lighting Market”
- Pages – 231
- Tables – 92
- Figures – 74
Ambient lighting is a general, non-directional light that is used to create a sense of atmosphere and to make a space feel more comfortable. It is often used in conjunction with task lighting to provide a well-lit environment for activities such as reading, working, or cooking.
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Prominent Players in Ambient Lighting Market
- Philips
- Osram
- GE Lighting
- Cree
- Eaton
- Lutron
- Tridonic
- Acuity Brands
- Lumiance
- Fagerhult
- Golden Lighting
- WAC Lighting
- Juno Lighting
- Dialight
- Evolux
- RiteLite
- LEDVANCE
- Aurora Lighting
- Luxon Led
- Aeon Lighting
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LED Demand to Grow Substantially in the Forecast Period
LED dominated the global market owing to its high energy efficiency. It also has a longer lifespan compared to traditional lighting options. They are designed to withstand vibrations, shocks, and temperature variations commonly encountered in automotive environments. The durability and long life of LED lights reduce the need for frequent replacements, enhancing their appeal and dominance in the market
Dashboard is the Leading Application Segment
In terms of application, the Dashboard is the leading segment due to the demand for visibility and aesthetics. In addition, the dashboard is primarily in the driver’s line of sight, making it an essential area for focusing on driver-centric features. Ambient lighting on the dashboard can provide important visual cues and notifications, such as indicating the vehicle’s status, warning symbols, and safety alerts. These lighting cues enhance the driver’s awareness and create a safer driving experience. The emphasis on driver-centric features positions the dashboard as a key application segment for ambient lighting sales.
Europe is the leading Market Due to the Large Consumer Demand
Region-wise, Europe is one of the largest growing markets with a huge emphasis on the automotive industry. Europe has stringent safety regulations and lighting standards for vehicles. These regulations often include guidelines for interior lighting, including ambient lighting. Automakers in the region are required to comply with these regulations, which contribute to the high adoption of ambient lighting. The regulatory environment drives the dominance of the European market.
A recent report thoroughly analyzes the major players operating within the Ambient Lighting market. This comprehensive evaluation has considered several crucial factors, such as collaborations, mergers, innovative business policies, and strategies, providing invaluable insights into the key trends and breakthroughs in the market. Additionally, the report has carefully scrutinized the market share of the top segments and presented a detailed geographic analysis. Finally, the report has highlighted the major players in the industry and their ongoing endeavors to develop innovative solutions that cater to the ever-increasing demand for Ambient Lighting.
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Key Developments in Ambient Lighting Market
- In March 2023, Lutron acquired Vantage Controls, a leading provider of lighting control systems for residential and commercial applications.
Key Questions Answered in Ambient Lighting Market Report
- What specific growth drivers are projected to impact the market during the forecast period?
- Can you list the top companies in the market and explain how they have achieved their positions of influence?
- In what ways do regional trends and patterns differ within the global market, and how might these differences shape the market’s future growth?
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