Brand Premiumization and Differentiation to Remain Key Factors Driving Automotive Interior LED Lighting Adoption
Originally developed to provide better readability to the driver, interior lightings in automotive have come a long way than just enhancing the car’s interior. With the introduction of LED, the role of interior lighting has been upgraded to being an important brand differentiator. With the help of latest technology, automotive companies are making focused efforts to customize every part of the car’s interior with greater adherence to safety of drivers and road legality. Moreover, the general trend of miniaturization of components is pushing for more versatile application of automotive LEDs for interior lighting.
New Applications to Boost Automotive Interior LED Lighting Market
Considering an increase in the demand for personalized driving experience, consumers are also demanding personalized colors for their interior lighting-transforming cars to a more distinctive and feel-good zone. Customizing the lights are likely to add an emotional component to the rather more conventional use of traditional interior lighting, thereby increasing the demand for automotive interior LED lighting. Moreover, extensive application areas of interior lighting at the functional level will also drive the market for automotive LEDs for interior lighting. Different colored-lighting to indicate economy or sports mode and dynamic lighting sequence in semi-autonomous vehicles to relay information to the driver.
Growing Demand for Autonomous Vehicles to Shift the Functionality of Automotive Interior LED Lighting
Owing to advancing technology and increased acceptance of autonomous vehicles, automotive interior lighting is likely to change significantly-with focus shifting towards conveying more information including current driving mode and battery charge level. Moreover, top automotive manufacturers also predict that interior LED lighting will not just help in navigation and present vehicle information, but also be used for entertainment and communication-achieved through a combination of integrated electronics and automotive interior LEDs.
Technological Innovations to Bring Along a Bright Future for Automotive Interior LED Lighting Market
Offering long service life and extreme vibration resistance, automotive interior LED lighting is becoming more and more popular. Previously used in high-end vehicles, auto makers are increasingly adopting LED lighting systems in the mid and low-segment cars owing to increasing efficiency and decreasing prices of LEDs amongst other factors such as faster rise time. Moreover, apart from just a personalization feature, use of automotive interior LED lighting makes car interiors look bigger and spacious. Innovations in heat management of LEDs is likely to create manufacturing opportunity considering the hot heat source of LEDs that further lowers its life expectancy. Manufacturers are experimenting with polycarbonate to replace aluminum in the headlamps, also offering additional design freedom.
Competitive Landscape: Global Automotive Interior LED Lighting Market
Hella KGaA Hueck & Co., Osram Licht AG, Magneti Marelli S.p.A., Koito Manufacturing Co., Ltd., Stanley Electric, Koninklijke Philips N.V, Valeo SA, and Texas Instruments are a few key players in the competitive space of the global automotive interior LED lighting market. Fact.MR’s report on the aforementioned market offers a comprehensive analysis of the company profiles, forward market strategies, and future market prospects. Key players, in order to solidify their market positions and expand the product offerings, are focusing on elaborating the applicability of automotive interior LED lighting and open new manufacturing opportunities.
Key player Hella, aims to use digital technologies to optimize their existing service offerings and digitize automotive lighting. Moreover, considering the shift in the lighting market, OSRAM Licht AG is said to invest around “€3 billion in new technologies and applications by 2020”, of which €2 billion would be spent on R&D to further strengthen the company’s technological leadership and help in market expansion. Valeo SA’s innovation strategy is aimed at developing intuitive operations and reducing CO2 emissions to cater to new market demands pertaining to vehicle electrification.
Product Definition: Automotive Interior LED Lighting Market
Automotive interior LED lighting, is used for illuminating the interior of vehicles including under the seats, dashboards, and footwells. Moreover, automotive interior LED lighting also helps in increasing driver safety.
About the Global Automotive Interior LED Lighting Market Report
Fact.MR’s report on the global automotive interior LED lighting market offers detailed analysis for the period 2017-2022, along with actionable insights on future market direction, company profiles of the top players, and other key dynamics shaping the global market further.
Fact.MR, in its report on global automotive interior LED market, has presented a thorough analysis of the market for a for a five-year period 2017-2022 along with a set of critical insights and recommendations to help the readers make informed decisions in the ever-evolving automotive landscape. The report, spread across 14 chapters, is a result of extensive primary and secondary research on the global automotive interior LED lighting market over the aforementioned timeline, which assays actionable insights on future market direction, competitive landscape, and segment-wise analysis.
Chapter 1: Executive Summary - Automotive Interior LED Lighting Market
The report on global automotive interior LED market commences with an executive summary, which assays a concise summary of the report. This section would help the readers to understand the scope of the report and benefit from the critical insights offered in the report.
Chapter 2: Overview - Automotive Interior LED Lighting Market
The next part of report includes an overview of the global automotive interior LED lighting market including a standard market definition, taxonomy, and forecast. This chapter also evaluates the market sizing and YoY growth over the entire forecast period, further elaborating on critical market dynamics including driver, restraints, and trends. The chapter also encompasses key macroeconomic factors that are likely to shape the overall market. Critical analysis pertaining to supply chain, cost structure, pricing, raw material sourcing strategy, and list of key participants along with an intensity mapping to depict their presence in various regions.
Chapter 3: Product Type Analysis: Automotive Interior LED Lighting Market
This chapter offers product type segmentation of the automotive interior LED lighting market which includes, dashboard lighting, ambient lighting, dome and map lighting, center stack lighting, and reading lights.
Chapter 4: Sales Channel Analysis: Automotive Interior LED Lighting Market
This section provides segmentation on the basis of sales channels- OEM and Aftermarket. Additionally, the section also presents an elaborate revenue, market share, and YoY growth comparison for the assessment period of 2017-2022.
Chapter 5: Vehicle Type Analysis: Automotive Interior LED Lighting Market
This report chapter offers vehicle-type analysis of the market, segmented into Compact Passenger Cars, Mid-sized Passenger Cars, Premium Passenger Cars, Luxury Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles.
Chapter 6: Volts Type Analysis: Automotive Interior LED Lighting Market
This section offers a segmental analysis of the automotive interior LED lighting on the basis on volts, further classifies into 12V and 14V.
Chapter 7: Region-Wise Analysis: Automotive Interior LED Lighting Market
This chapter of the automotive interior LED lighting market report offers assessment of the market for six regions operating in the global landscape. Further, Fact.MR’s report has also included an elaborate regional analysis on the basis of all the four key segments – product type, vehicle type, sales channel, and volts.
Chapters 8-13: Country-Wise Analysis: Automotive Interior LED Lighting Market
These chapters of the report focus on country-wise regional evaluation of the automotive interior LED lighting market, which provides a comprehensive assessment of the market in North America (the US, Canada), Latin America (Brazil, Mexico, Argentina), Europe (Germany, the UK, France, Spain, Italy, Nordic), Japan, APEJ (China, India, Malaysia, Thailand, Singapore, Australia), and MEA (GCC Countries, South Africa, Nigeria, Israel).
Chapter 14: Competition Tracking
In the concluding chapter, Fact.MR has profiled top 10 players participating in the global automotive interior LED lighting landscape. This sections offers an elaborate company overview along with a detailed analysis of their product list, sales data, key financials and developments, and SWOT study. The chapter also delivers valuable insights on the new strategies deployed by key players that would further define their position in the global automotive interior LED lighting market.
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