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Category: Business and Industry
Date Submitted: 11/08/2016 05:38 AM
Automotive Interior Ambient Lighting Market To Reach US$
4.68 Bn By 2023: Credence Research
According to a new market research report published by Credence Research“Automotive Interior Ambient
Lighting Market (Technology – Halogen, LED and Xenon; Vehicle Class – Passenger Vehicles, LCV and HCV)
- Growth, Share, Opportunities, Competitive Analysis and Forecast 2016 - 2023”,the global automotive
interior ambient lightingmarket stood at US$3.10Bn in 2015and is estimated to expandwith a CAGR of
4.9% from 2016 to 2023.
The complete report is available at http://www.credenceresearch.com/report/automotive-interiorambient-lighting-market
Market Insights
The automotive interior ambient lighting systems market is majorly driven by the steadily rising
automotive industry worldwide. Available in different colors, automotive interior ambient lighting are
designed to enhance the overall vehicle interior along with providing safety to the driver/passengers.
These lighting systems enhance the effective visibility of dashboard and other control systems for drivers
in case of low visibility. In addition, ambient lighting helps in providing better comfort to the drive and
decreased driving fatigue.
Rising middle/upper-middle class population has led to strong demand for medium and high-end cars,
especially in the Asia Pacific region. This is another major factor propelling the market growth. Due to
growing discretionary income of the people globally, consumers now have significant focus towards
incorporating different aesthetic products in their vehicles. As a result, the overall automotive lighting
industry is estimated to witness robust growth during the forecast period.
Browse All Reports of This Category @ http://www.credenceresearch.com/industry/automotive-andtransportation-market
Virtually, there can be observed few market restraints and challenges having significant impact over the
market. Some of the major factors influencing the market...