Ambient lighting market for automotive, by value, is projected to grow at a CAGR of 9.9% from 2020 to 2025

The ambient lighting market for automotive, by value, is projected to grow at a CAGR of 9.9% from 2020 to 2025. It is projected to reach USD 4.9 billion by 2025 from an estimated USD 3.0 billion in 2020.

The key factors driving the market growth include increasing penetration of ambient lighting in low to mid-segment vehicles, inclination toward luxury, and increasing vehicle production.

The improving economic condition of developing regions such as Asia Oceania has boosted the market for premium vehicles, which are equipped with ambient lighting.

Asia Oceania is estimated to see the fastest growth of the ambient lighting market for automotive, in terms of value. This growth is primarily driven by increasing vehicle production and increasing penetration of luxury cars in the region.