Ambient lighting refers to artificial lights for the ceiling, table, and floor lamps and provides even diffuse light level for space. It is a combination of all the decorative and task lighting that produces ambient lighting. Selection of the type of light sources for ambient lighting depends upon the space or room. Ambient lighting also has application in automotive which include an ambient lighting system for the interior of the car. Ambient lighting market is growing owing to increasing demand from the automotive, residential and commercial sector.This growth is primarily driven by Rising Demand for Smart Connected Lightning
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The Electric Utilities sector in the region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region.
Major Manufacturers, such as Philips Lighting Holding B.V. (Netherlands), Cree, Inc. (United States), Acuity Brands Lighting Inc. (United States), OSRAM Licht GmBH (Germany), Pasolite (India), LIGMAN Lighting Co., Ltd. (Thailand), Thorn Lighting (United Kingdom), Hafele America Co. (United States), GE Lighting LLC (United States), Wipro Lighting Ltd. (India), Eaton Corporation PLC (Ireland), Hubbell Incorporated (United States), LUXTRA LIGHTING (India), Iluminarc (United States) and Bridgelux Inc. (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In April 14, 2023, Acuity Brands, Inc. acquired KE2 Therm Solutions. This acquisition helped company to expand its presence in Ambient Lighting market
21st February 2019, Grupo Antolin, manufacturers of vehicle interiors has entered into a strategic partnership with HiRain Technologies, a Chinese automotive electronics provider, to jointly provide innovative lighting solutions integrated with state-of-art technology for the interior and exterior of the vehicle.Ambient Lighting market is a fragmented market due to the presence of various players. Companies are focusing on developing innovative products and solutions to improve quality, enhances and promotes performance. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge
Increasing Adoption of Interior Ambient Lighting For Automotive and Increasing Popularity of Interior Designing For both Residential and Commercial Segment
Market Growth Drivers:
Rising Demand for Smart Connected Lightning and Increasing Demand for Wireless Ambient Lightning System
Developing Energy-Efficient Lighting Systems
High-Cost Associate Replacement of Traditional Lightening With Ambient Lightning and Lack of Aftermarket Service Providers
Increasing Demand for Automotive Interior Ambient Lighting and Emphasizing On Using Organic Light-Emitting Diode (OLED) In Ambient Lighting
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Ambient Lighting Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Ambient Lighting Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Ambient Lighting players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Ambient Lighting Study Sheds Light on
The Ambient Lighting Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Ambient Lighting industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Ambient Lighting industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.