Global Automotive Interior Ambient Lighting Market is valued at approximately USD 3.48 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 7.20% over the forecast period 2022-2029. Ambient lighting makes a car more appealing and contributes to an inexpensively elegant interior. Automotive ambient lighting also provides greater driver comfort, convenience, and safety. Additionally, it provides improved visual comfort for a driver to recognize the instrument panel and dashboard when driving at night. Additionally, it lights the passenger area to make it easier for people to read at night. Increased sales of luxury vehicles, better automotive industry improvements, and rising demand for LEDs in automobiles are all factors contributing to market growth.

According to Statista, in 2020, the market for LED lighting was estimated to be worth around 76 billion dollars. In the upcoming years, a compound annual growth rate (CAGR) of over 13 per cent is predicted for the market. The market is anticipated to grow to a size of over 160 billion dollars in 2026. However, the driver can get distracted by the Automotive Interior Ambient Lighting which may result in an accident. Thus, it stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Automotive Interior Ambient Lighting Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the marketin terms of revenue owing to rising luxury vehicle sales as well as the inclusion of ambient lighting in all mid-segment and premium cars are both responsible for this rise. The region's nations are putting more of an emphasis on adding safety measures to automobiles. The Asia Pacific is expected to grow with the highest CAGRduring the forecast period, fueled by both the rising popularity of well-known luxury car producers and the demand for such vehicles.

Major market players included in this report are:

Hella

Valeo S.A.

ams OSRAM

Grupo Antolin

Koito Manufacturing Co., Ltd.

Signify (Philips Lighting)

Stanley Electric Co., Ltd.

SCHOTT AG,

DRAXLMAIER Group

Texas Instruments Incorporated