Automotive Interior Lighting Systems Market Forecast to 2028 – Impact of COVID-19 and Global Analysis by Product (Roof Console, Map Lights, Body Lighting, Ambient Lighting); Vehicle (economy, mid-range, luxury vehicles) and geography
The lighting system of the automotive interior lighting system illuminates the interior of a vehicle when people enter or exit the vehicle and thus help passengers to put on seat belts and switch on the ignition. Dashboard lights help display warning signs and vital vehicle parameters. The recent development of automotive exterior lighting systems including taillights, headlights, brake lights, and turn signals is paving the way for revolutions in the global automotive interior lighting system lighting system market. The introduction of OLEDs and LEDs will drive the revolution of car interior lighting system over the forecast period. The integration of entertainment, navigation and ambient lighting systems will contribute to the growing demand in the global automotive interior lighting system lighting systems market.
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Companies profiled in this report include: 3M, CML Innovative Technologies, DRÄXLMAIER, EFI LIGHTING, Faurecia, FLEX-N-GATE CORPORATION, HELLA GmbH & Co. KGaA, OSRAM GmbH., Robert Bosch, VALEO SERVICE
On the basis of product, the market is segmented into roof console, reading lamps, body lighting, ambient lighting.
On the basis of vehicle, the market is segmented into economy, mid-priced and luxury vehicles.
High performance, energy efficiency and longer life.
Installing ambient and interior lighting systems helps manufacturers deliver the best driving experience to customers
Increased cost pressure on manufacturers
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IMPACT OF COVID-19 ON THE AUTOMOTIVE INTERIOR LIGHTING SYSTEMS MARKET
COVID-19 severely affected the automotive industry at the end of 2020 as several travel bans and other lockdown-related restrictions were imposed around the world. The impact of the pandemic extends to all segments of the automotive and transportation industry, including manufacturers of automotive interior lighting systems. Due to travel restrictions and the economic downturn due to the pandemic and the resulting drop in demand, automakers have focused on cutting costs and expenses, which includes reducing production expenses. Due to the long duration of shutdowns in the major automotive production supply chain, suppliers of automotive interior lighting systems have faced reduced demand. However, as lockdown measures begin to be lifted, demand for passenger cars with improved safety features is expected to increase. Since automotive interior lighting system is one of the core components of automotive vehicles, the automotive interior lighting system market is expected to pick up momentum with the successful administration of vaccination campaigns and restoration of the automobile demand.
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