Xenon Lights Market Report 2018-2023 | Industry Trends, Market Share, Size, Growth and Opportunities

Global Xenon Lights Market Report, Industry Trends, Growth, Share, Size and Outlook By 2023

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Report Description and Highlights

Report Description

Xenon Lights Market Report By Application (Automotive Headlights, Theatre & Movie Projectors and Interior Lighting), Region, Key Players The global xenon lights market has grown positively over the past several years. This can be accredited to the evolution of numerous new applications of xenon lights, majorly in the automotive sector, where they are gradually replacing halogen bulbs.

Market Overview: According to IMARC Group’s latest report, titled “Xenon Lights Market: Global Industry Trends, Share, Size, Growth, Forecast and Opportunity 2018-2023”, the global xenon lights market reached a value of US$ 8.5 Billion in 2017. Xenon lights use xenon gas-charged and sealed system to generate light through an electric charge between two electrodes. They produce a brighter, whiter light, which is similar to natural sunlight. Xenon bulbs are used in HID (high-intensity discharge) lighting and represent a better alternative to halogen bulbs, as they give a premium and stylish look. Some of the other benefits offered by the xenon lights are high light output, less consumption of energy, long lifespan, and cost-effectiveness. Nowadays, they are extensively used in searchlights, projectors and for specialized applications across industries and research institutes to simulate natural sunlight.

Report Description and Highlights

Report Description

Highlights of the global xenon lights market: • • •

Evolution of new applications of xenon lights remains the key growth inducing factor.

Automotive headlights represent the largest end-use segment, accounting for the majority of the total share.

Asia-Pacific is the leading market for xenon lights, holding the largest share globally.

The market is driven by the growing applications of xenon lights, especially in the automotive sector, where they are primarily used to enhance the visibility for the driver, improve vehicle conspicuity, and indicate the position and presence of other vehicles. They are also used to enhance the design and appearance of modern cars. To widen the consumer-base, manufacturers are now producing customized lighting kits for driving enthusiasts, which also complement the aesthetic value of the vehicle. Additionally, the demand for xenon lights has been accelerated by the growing trend of ambient lighting, where they are extensively used in interior lighting designs. The market is also positively influenced by some other factors such as growing population, improving infrastructure, rising purchasing power, changing lifestyles and preferences, governmental initiatives, and reduced vehicle production costs. Owing to the abovementioned forces, the market is further expected to reach a value of US$ 17.7 Billion by 2023, exhibiting a CAGR of 13% during 2018-2023.

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Market Forecast

Sample Figure: Global: Xenon Lights Market Forecast: Sales Value (in Billion US$), 2018-2023

184.3

191.7

199.3

207.3

2018

2019

2020

2021

215.6

224.2

2022

2023

Market Segmentation

Report Description

Xenon Lights Market Segmentation: Market Segmentation Application o Automotive Headlights o Theatre and Movie Projectors o Interior Lighting he market has been segmented on the basis of applications into automotive headlights, theatre and movie projectors, and interior lighting. Among these, automotive headlights account for the largest share.

Market Segmentation by Region • • • • •

North America Europe Asia Pacific Latin America Middle East and Africa

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Regional Segmentation

North America

Europ e

Asia- Pacific

Latin America

Middle East and Africa

Market Segmentation

Report Description

Region-wise, Asia-Pacific represents the leading market, holding the majority of the total global share.

Other major regions include Europe, North America, Middle East and Africa, and Latin America.

Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players.

• • • • •

Osram General Electric Philips Stanley Electric Hella

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Report Description and Highlights

Report Description

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