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Automotive Interior Surface Lighting Market Segmentation By Automotive Interior Ambient Lighting, Automotive Lighting, Interior Surface Lighting
Multiple technological developments are shaping the automotive industry. To compete with the changes in the automotive industry, manufacturers are focusing on incorporating new technologies in vehicles. Automatic emergency braking, automatic liftgates, ambient lighting, keyless entry, and push-button start, are some of the latest technologies being developed by a variety of manufacturers to stay competitive.
One such technology is interior surface lighting, a move towards increasing aesthetic appeal of vehicles. Interior lighting for vehicles is mostly adopted in color combinations of amber, blue, and pink.
Manufactures of automotive interior surface lighting have introduced a wireless lighting kit, which can be operated via Bluetooth or Wi-Fi technologies to align with changing trends and maintain market share in the automotive business.
Automotive, a capital-intensive and technology-driven industry, has been playing an important role in socio-economic development of every country. In 2018, the industry accounted for over 3% of the global GDP, and in the last decade, the industry has witnessed 25% increase in car production.
This impeccable growth of the industry can be attributed to increasing disposable incomes in developed and developing economies.
The overall automotive industry has witnessed numerous advancements in the last few years, including electrical and autonomous vehicles, as consumers are inclined towards smart vehicles with lower eco-impact.
Advancements in automobile architecture will thus offer ample opportunities for the development of aesthetic solutions, in turn, driving demand for interior surface lighting during the forecast period.
Automotive interior surface lighting is offered to end users via automotive original equipment manufacturers (OEMs) as well as by independent aftermarket vendors. In both ways, OEMs strive to offer convenient options as per the requirements of end users.
Global transformation in consumer mobility and technological advancements pose various challenges for OEMs such as required investments and capabilities to deal with growing demands. This has, thus, created numerous opportunities for automotive interior surface lighting manufacturers over the recent past.
Furthermore, most manufacturers are providing services to replace the lighting structure of cars according to consumer preference, by offering products such as tuning lights, and interior LED strips.
Leading manufacturers operating in the automotive interior surface lighting market are focusing on integration of new technologies, offering best-in-class aftersales products and services, and providing in-built, lightweight textile/fabric designs. Moreover, key market players focus on strategies such as offering customized products and expanding distribution channels, which will help increase sales of automotive interior surface lighting.
Some of the prominent players operating in automotive interior surface lighting market include, Yanfeng Automotive Interiors, Valeo SA, HELLA KGaA Hueck & Co, Everlight Electronics Co., Ltd., OSRAM Licht AG, LSI Industries Inc, EFI Lighting, Toshiba Corporation, Innotec Group, Dräxlmaier Group, Oshino Lamps Limited, and Grupo Antolin, among others.
PMR’s study on the automotive interior surface lighting market is divided into four significant segments- product type, sales channel, vehicle type, application, and region. This report offers comprehensive data and information about the important market dynamics and growth parameters related to these categories.