Automotive Ambient Lighting Market: Advanced Technology In- Depth Market Overview will boost considerable development prospects by -2022

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The “Automotive Ambient Lighting Market by Electric & Hybrid (BEV, HEV, PHEV), Application (Footwell, Door, Dashboard, Center Console), Vehicle Segment (C, D, E, and F), Aftermarket (Country and Application (Interior and Exterior)) – Global Forecast to 2022″, The Automotive Ambient Lighting Market is estimated to grow at a CAGR of 14.41% from 2017 to 2022. It is projected to reach USD 5.30 Billion by 2022 from an estimated USD 2.71 Billion in 2017. The automotive ambient lighting market is driven by the increasing vehicle production, rising installation rate of ambient lighting, and growing demand for luxury vehicles.
LED ambient lighting systems in cars
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The research methodology used in the report involves various secondary sources such as Society of Indian Automobile Manufacturers (SIAM), European Automobile Manufacturers’ Association (ACEA), and paid databases and directories such as Factiva, Bloomberg, and Hoovers. Experts from related industries and suppliers have been interviewed to understand the future trends of the market. The bottom-up approach has been used to estimate the market size. In this approach, the country-wise vehicle production statistics have been taken into account for each vehicle type. To arrive at the market size for Ambient lighting for automotive, the average installation rate of Ambient lighting in automobiles has been multiplied with the vehicle production of the C and above segment cars of that particular country to get the market volume. The market size, in terms of volume, of Ambient lighting application units for each vehicle type is then multiplied by the average OE price (AOP) of the particular application. This gives the market size, in terms of value. The summation of the country-wise market gives the regional market, and further summation of the regional market provides the global automotive ambient lighting market.
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Dashboard ambient lighting market to witness the highest growth

The study segments the automotive ambient lighting market by application into the dashboard, doors, footwell, center console, and others. Of all these applications, the dashboard ambient lighting market is estimated to grow at the highest CAGR during the forecast period. With the increasing installation of ambient lighting and sale of premium cars, the market for dashboard ambient lighting is expected to grow at a fast pace.

E segment vehicles to be the largest segment of automotive ambient lighting market

The study segments the automotive ambient lighting market, by vehicle segment, into C segment, D segment, E segment, and F segment. E segment cars are estimated to be the largest market for ambient lighting during the forecast period. The market growth of this vehicle segment can be attributed to the increasing production of passenger cars and increasing installation rate of ambient lighting in the low and mid-segment cars.
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