The global xenon lights market to grow at a CAGR of 14.82% during the period 2016-2020.
Global Xenon Lights Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
A trend which will boost market growth is the growing popularity of ambient lighting. Ambient lighting is used to create more stylish interiors and atmosphere inside automobiles. Most of the automobile manufacturers use xenon bulbs for interior lighting. This concept was introduced in luxury vehicles in 2007 and has expanded to mid-size cars since then. Automotive vendors in the market are enhancing consumer appeal by employing ambient interior lights to differentiate their offerings and harmonize with the other elements of the vehicle interiors.
According to the report, a key growth driver is the rising demand for sophisticated lighting technologies. The technologies in lighting such as xenon lights and LEDs offer low energy consumption, high light output, and a longer life span. Furthermore, xenon lights are more cost-effective than HID and LED lights, which are rapidly replacing incandescent and halogen lights in all the car segments. Innovation in automotive lighting is an ongoing process. In 2015, many enterprises were involved in the development of advanced lighting technologies like laser lights, which are still in their nascent stage.
Further, the report states that one challenge that could hamper market growth is the high cost of integration. While xenon lights are more efficient and have a long life span, their upfront costs are high.
- Koninklijke Philips
- Magneti Marelli
- Stanley Electric
Other prominent vendors
- Abbott Vascular
- Biosensors International
- C. R. Bard
Key Topics Covered:
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
For more information visit http://www.researchandmarkets.com/research/fgbkk2/global_xenon
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SOURCE Research and Markets