is9792 (4)

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Automotive Interior Leather Market is Expected to
Grow at a CAGR of 6 During 2019 to 2029

• Feb 2020

Report Id REP-GB-1503 Published On
July-2019 Category Automotive Transportation
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Automotive Interior Leather Market Analysis

• Automotive Interior Leather Market is Expected to
  Grow at a CAGR of 6 During 2019 to 2029
• Future Market Insights (FMI), in its recently
  published report, suggests that the sales of
  automotive interior ambient lighting systems
  reached 2.7 million units in 2018, equating the
  revenues worth US 28 Bn. As fuel efficiency, low
  emission, and high performance can no longer
  suffice the evolving vehicle selection criteria
  of consumers, automakers continue to face
  pressure of implementing multifaceted strategies,
  covering comfort, style, and aesthetics.
• The study finds that manufacturers are being
  considerate of the fact that interior ambient
  lighting can be made 'functional' by influencing
  the mood, circadian rhythms, and alertness of
  drivers, thereby enhancing the night-driving
  safety and appreciation of vehicles.
• Once developed exclusively for luxury auto models
  of Audi, Infinti, Mercedes, BMW, and Jaguar,
  automotive interior ambient lighting systems are
  rapidly becoming ubiquitous in the mid-range and
  economical vehicles as well. In addition to
  rendering an extra aesthetic appeal to vehicle
  models, ambient lighting systems are now being
  designed for driver's assistance in terms of
  orientation, which marks a highly profitable
  trend in market.

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Automotive Interior Leather Market Analysis

• OLED to Illuminate the Road Ahead, Replacing LED
  and Incandescent
• Innovation is likely to come thick by fast
  replacing the incandescent lights with the
  penetration of LED technology for the development
  of automotive interior ambient lighting systems.
  The study finds that the adoption rate of
  LED-based lighting systems will act as a key
  differentiator since they consume substantially
  lesser energy than incandescent and halogen
  lights of equivalent brightness and delay the
  impact of time. As automotive industry operates
  within the confined boundaries of regulations,
  environmentally-benign OLED lights will
  illuminate the future of the automotive interior
  ambient lighting systems market.
• The study finds that in the future, the options
  will turn more sophisticated with the surfacing
  of autonomous vehicles and IoT technology to keep
  the focus of drivers intact. In addition, issues
  of power failure encountered with the integration
  of wired lightings have been leading to the
  development of battery-operated wireless lighting
  systems, which is likely to remain
  well-appreciated by technologically-abreast
  consumers. As automakers prioritize on the
  development of interior ambient lighting systems
  by keeping consumers at the centre, integration
  of gesture-recognition ambient lighting systems
  is anticipated to make an attractive preposition.

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Automotive Interior Leather Market Analysis

• In the consolidated landscape, automakers are
  braced to tune the competition frequency to the
  next level by targeting consumers' proclivity for
  premium and visually-appealing vehicles.
  Manufacturers focus on optimizing their
  innovation capability by blending the best of the
  competencies for enhancing the features of
  interior ambient lighting systems. However, as
  quality comes at a cost, counterfeiters operating
  in the automotive interior ambient lighting
  systems landscape find the leeway to offer
  low-quality systems at a cheaper rate. The trends
  have especially been observed in the developing
  countries of East Asia and South Asia, which is a
  crucial concern for automakers to address and
  bridge the gap to reach out to more consumers
  with authentic lighting systems.
• The report opines that on the backdrop of
  environmental thinking adopted by automakers,
  advent of electro-mobility will lead the movement
  to high sales opportunities. In addition, as
  consumers gain intellect apropos of the safety
  features of automotive interior ambient lighting
  systems, the future of vehicles is likely to
  stand tall at the intersection point of
  aesthetics and safety.
• For additional insights on the automotive
  interior ambient lighting systems landscape,
  write to the analyst at press_at_futuremarketinsights
  .com
• Source https//www.prnewswire.com/news-releases/a
  utomotive-interior-leather-market-is-expected-to-g
  row-at-a-cagr-of-6-during-2019-to-2029--future-mar
  ket-insights-300901440.html

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Automotive Interior Leather Market Analysis

• More from Automotive Transportation Market
  Intelligence
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• Automotive Brake Valve Market
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