The increasing construction of residential buildings, especially in China and India, and the improving automotive sector in the region will act as strong growth drivers for the market for ambient lighting in APAC. Asia-Pacific (APAC) Market Growth Thriving on Expanding Construction, Automotive, and IT Industries For example, global automobile production grew from 95 million vehicles in 2016 to 97 million in 2018. The booming vehicle production and increasing integration of interior lighting solutions in automobiles will drive this industry. The ambient lighting market will showcase the fastest growth in the automotive category, in the end user segment, in the coming years. Automotive Category To Exhibit Fastest Growth These lights offer improved illumination and an enhanced feel and look to the given space. The recessed lights category, under the type segment, generated the highest revenue in 2019, as these lights can be used in commercial, as well as residential, settings. Highest Demand Being Witnessed for Recessed Lights Lighting control software provides improved functionality, such as color and brightness adjustment. This will be due to the soaring demand for software for controlling the lighting in multiple settings, as per the requirement of users. The software and service category of the offering segment is expected to record the faster growth during 2020–2030. Software and Service Demand To Grow Faster However, the COVID-19 pandemic has hindered the growth of the ambient lighting industry, as it delayed the launch of residential projects and disrupted the supply chain of electronic components in numerous countries, including India and China. The burgeoning demand for energy-efficient lighting solutions, surging emphasis on smart lighting, and increasing stringency of the regulatory policies pertaining to energy efficiency are the key factors driving the market growth. The ambient lighting market size stood at $60.8 billion in 2019, and it is expected to grow at a 9.2% CAGR between 20.
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