Rise in Need for Lighting in Dashboard Controls Expected to Drive North America Automotive Interior Lighting Market: Ken Research


Posted May 25, 2021 by Anita1111

North America automotive interior lighting market is expected to grow by 5.2% annually in the forecast period and reach USD 969.1 million by 2026.
 
The automotive interior lighting illuminates the compartments or lodges when people enter the vehicle or dismount and consequently help the passengers to affix seat belts and turn on the ignition. Dashboard lights help to display important vehicle parameters & warning signs.
As per analysis, “North America Automotive Interior Lighting Market 2020-2026 by Technology, Product, Vehicle Type, Vehicle Autonomy, Sales Channel, and Country: Trend Forecast and Growth Opportunity” the key companies operating in the North America automotive interior lighting market include Hella KGaA Hueck & Co., Pacific Insight Electronics Corp., DRAXLMAIER Group, Koninklijke Philips, CML Innovative Technologies, Bosch, Neolite ZKW, Efi Lighting, Changzhou Xingyu Automotive Lighting System, Grupo Antolin, OSRAM GmbH, Neolite ZKW, Philips Lighting, Texas Instruments Incorporated, Mentor, Shanghai Sunlight Enterprise, Toyoda Gosei, Philips Lighting, Innotec., Oshino Lamps, Shanghai Sunlight Enterprise, Toyoda Gosei, SCHOTT AG, Valeo. The installation of interior lighting systems is helping the manufacturers to provide the best driving experience to clients in the global automotive interior lighting market. Furthermore, most manufacturers are offering various services to replace the lighting structure of cars according to client preference, by providing a variety of products including tuning lights, and interior LED strips
Based on technology, North America automotive interior lighting market is segmented as xenon, halogen and LED. Based on product, market is segmented as reading light system, ambient lighting system, roof console lighting system and car body lighting system. Roof console segment dominates the global market owing to growth in demand for economy cars and optimal vehicle performance. Based on vehicle type, market is segmented as commercial vehicle (heavy commercial vehicle and light commercial vehicle) and passenger vehicles (luxury vehicles, mid-prices vehicles and economy vehicles). Commercial vehicle segment holds major share in global market due to rise in adoption of reading lights and ambient lights. Additionally, passenger vehicles segment is expected to witness higher growth rate due to rise in adoption of dashboard & ambient lights during the forecast period. Based on vehicle autonomy, market is segmented as autonomous vehicles and conventional vehicles. In addition, based on sales channel, market is segmented as aftermarket and original equipment manufacturer (OEM). Aftermarket segment is also expected to witness higher growth rate as a result of increase in adoption of ambient lighting technologies coupled with growth in popularity of custom LED lights during the forecast period.
The North America automotive interior lighting market is driven by rise in demand for interior esthetics, followed by increase in efforts to form regulations & guidelines for the autonomous driving platform, rapid technological advancements in automotive lighting, surge in need for lighting in dashboard controls and increase in sales of luxury vehicles. However, high cost pressure on manufacturers may impact the market. Moreover, high-volume production of vehicles is a key opportunity for market.
It is anticipated that future of the North America automotive interior lighting market will be optimistic owing to increase in use of automotive electronics such as collision avoidance systems, connected systems, infotainment, and drive-by-wire technologies during the forecast period.

For More Information, click on the link below:-
https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/america-automotive-interior/341312-100.html

Related Report:-
https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/automotive-interior-lighting/341311-100.html

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Issued By Ken Research
Country India
Categories Automotive , Transportation
Tags north america automotive interior lighting market , north america automotive interior lighting market forecast , north america automotive interior lighting market revenue
Last Updated May 25, 2021