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Automotive lighting, which includes xenon headlights and signaling devices, includes the lights located on the front, sides, and rear of a vehicle. The primary function of a xenon light is to ensure visibility for the driver, improve vehicle conspicuity, and indicate the position and presence of other vehicles. In this market, the prospects for growth will be propelled by factors like the evolution of new applications. In automobiles, xenon lights help to direct the driver and facilitate communication with those driving other vehicles. Also, these lights are also used for ambient lighting applications; wherein the lights are strategically placed in the vehicle to create a psychologically pleasing effect. Since most consumers value interior lighting design and color, vendors have been compelled to use xenon lights to develop new lighting applications. For instance, underbody lighting kits are available in the market for design-oriented driving enthusiasts. These lights complement vehicle aesthetics and allow for customization. According to the analysts, the global market for xenon lights will exhibit an impressive CAGR of almost 15% by 2020.
In this market research report, analysts have estimated factors like the increasing mass market for LEDs to spur growth in this market during the next few years. Among all the technologies used for lighting, LEDs are the most popular and are closely followed by xenon lights. Due to the rising demand for LEDs in vehicles, automakers have been compelled to offer LEDs in mass-market vehicles. In the global market for automobiles, automakers consider LEDs to be a key differentiating factor that can increase their sales. Benefits like their designs, technical benefits, and engineering flexibility have led to the high utilization of LEDs during the forecast period.
During 2015, the exterior lighting application segment dominated this market and is envisaged to account for more than 96% of the total market share by 2020. This market segment will grow at a brisk pace due to the manufacturer’s focus on improving vehicle safety. Since exterior lighting plays a vital role in ensuring vehicle safety, its demand among the end users will increase significantly over the next few years.
This market study estimates the APAC region to continue its market dominance and account for almost 46% of the total market share by 2020. Much of this market’s growth in APAC will be propelled by countries like China and India as they are the largest markets for automotive production in the region. Factors like growing population, improving infrastructure, rising purchasing power, changing lifestyles and preferences, governmental initiatives, and reduced vehicle production costs will lead to the steady growth of this market in APAC over the forecast period.
The global xenon lights market is highly fragmented due to the presence of many global and local providers. The prospects for growth in this market are dependent on automobile sales and the increase in automotive production. The market is also characterized by constant innovations and new product development, which in turn has resulted in intense competition among automotive lighting manufacturers.
Key players analyzed in this market research are -
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Xenon lights consist of a xenon arc lamp, which is a specialized type of gas discharge lamp. It emits a bright white light that closely mimics natural sunlight by passing electricity through ionized xenon gas at high pressure. Xenon arc lamps are extensively used in movie projectors, searchlights, and for specialized applications across industries and research to simulate natural sunlight. In automobiles, xenon headlamps are made up of metal-halide lamps, where a xenon arc is only used during start-up.
The report, global xenon lights market, is part of Technavio’s hardware and semiconductor research portfolio. This portfolio provides a comprehensive market analysis along with the market share, market sizing, and market segmentations covering areas such as computing devices, displays, embedded systems, human machine interface, lighting, semiconductor equipment, and sensors. These market research reports provide a perspective on the various market opportunities and market threats along with the key trends that would influence the market growth during the forecast period. It presents insights into the changing competitive landscape and a detailed profiling and market analysis of the vendors. Also covered in the research are the key regions or countries that would have an impact on the market during the assessment years.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Segmentation by geography
PART 08: Key market drivers
PART 09: Impact of drivers
PART 10: Key market challenges
PART 11: Impact of drivers and challenges
PART 12: Key market trends
PART 13: Vendor landscape
PART 14: Appendix
PART 15: Explore Technavio
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