A new study from Fact.MR says that the global market for LED lights in car interiors will reach US$ 32.7 billion in 2024 and then grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2034.
As the need for a more personalized driving experience grows, people are asking for custom colors for their interior lights. This makes cars more unique and fun places to be. Because of customizing, the demand for LED lighting inside of cars is expected to rise steadily. This is because LED lighting will likely add an emotional factor to the more standard use of interior lighting. The vehicle interior LED lighting market is also expected to grow over the next few years thanks to a wide range of useful interior lighting uses.
In semi-autonomous cars, different colored lights show whether the car is in “sports” or “economy” mode, and a changing pattern of lights tells the driver what they need to know. Thanks to better technology and more people accepting self-driving cars, the automobile interior lighting market is likely to go through a big change.
Key Points from the Market Study:
- People think that the market will grow to be worth US$ 54.28 billion by the end of 2034.
- In 2024, the US market is expected to be worth $4.42 billion.
- Japan is expected to have a 6% share of the East Asian market in 2024.
- By 2034, the private car market is expected to be worth US$ 41.04 billion.
- From 2024 to 2034, the market in East Asia is expected to grow at a compound annual growth rate (CAGR) of 8%.
Over the next ten years, East Asia and North America will be the most important regions for automotive interior LED lighting solutions, says a Fact.MR expert. This is mostly because of the large number of vehicles that are being made.
Leading companies in the automotive interior LED lighting market that are driving innovation:
Texas Instruments, Koito Manufacturing Co., Ltd., Magneti Marelli S.p.A., Valeo SA, Koninklijke Philips N.V., Toshiba Corporation, DRÄXLMAIER Group, Oshino Lamps Limited, Innotec Group, Grupo Antolin, and DOMINANT Opto Technologies Sdn. Bhd. are some of the companies that make and sell lighting systems.
Lighting inside of cars How to Keep Drivers From Getting Tired at Night:
Interior LED lighting makes a car look better and makes the ride more comfortable and safe. It sets the driver’s mood and sends messages in an emergency. For example, it increases the amount of light in the passenger area, which keeps the driver calm and focused during night driving and keeps them from getting tired. This makes the whole driving experience better.
The Competitive Scene:
The top companies in the market for LED lights inside of cars are focusing on using cutting-edge technology, giving great goods and services after the sale, and making patterns out of lightweight textiles and fabrics. Big players in the market are also putting a lot of effort into tactics like giving customized items and growing their marketing networks. Both of these can help sell more surface lighting for car interiors.
News from the LED lighting industry for car interiors:
LSI Industries Inc., an important American company that makes lighting and display products for indoor and outdoor use, revealed its long-term growth plan in March 2023. There are new revenue goals in the plan for each of the next five years, up to FY28.
Toyoda Gosei, a company that makes parts for cars, announced in December 2021 that full-color LED lights would be made for use inside cars.
Equipment company Faurecia bought a Scottish company that makes LED lighting technology that is known for making cutting-edge LED products in June 2021 for an amount that was not revealed. The Livingston-based business has made flexible technology that is suitable for more and more uses in human-machine interfaces (HMIs) and vehicle lights.
You can get more useful information here:
In its newest service, Fact.MR gives a neutral look at the market for LED lights inside cars from 2019 to 2023, as well as predictions for the years 2024 to 2034.
The study looks at interior LED lighting in seven main parts of the world: North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, and MEA. It looks at dashboard lights, ambient lighting, dome & map lighting, center stacks, head-up displays, reading lights, and voltage (12V or 14V). It also looks at vehicle type (compact passenger cars, mid-sized passenger cars, premium passenger cars, luxury passenger cars, light commercial vehicles, heavy commercial vehicles), voltage (12V or 14V), and sales channel (OEMs, aftermarket).
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