Global Xenon Lights Market 2016-2020
- Published: Jun 2016
- Pages: 57
- SKU: IRTNTR9193
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This global industry research report presents a comprehensive analysis of the xenon lights market by application (interior and exterior lighting) and by geography (the Americas, APAC, and EMEA). It also analyzes the key market trends and drivers that influence this market’s growth. The leading vendors analyzed in this market research are GE, HELLA, Koninklijke Philips, Magneti Marelli, OSRAM, Stanley Electric, and Valeo.
Overview of the global xenon lights market
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.
Application-based segmentation and analysis of the xenon lights market
- Interior lighting
- Exterior lighting
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.
Geographical segmentation and analysis of the xenon lights market
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.
Competitive landscape and key vendors
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 -
- Koninklijke Philips
- Magneti Marelli
- Stanley Electric
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the global xenon lights market?
- What are the key market trends impacting the growth of the global xenon lights market?
- What are the challenges to market growth?
- Who are the key vendors in the global xenon lights market?
- What are the market opportunities and threats faced by the vendors in the global xenon lights market?
- Trending factors influencing the market shares in the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global xenon lights market?
Technavio also offers customization on reports based on specific client requirement.
- Global Automotive LED Lighting Market 2016-2020
- Global Automotive Lighting Market 2016-2020
- Automotive LED Lighting Market in the Americas 2015-2019
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.
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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