Global Xenon Lights Market 2016-2020

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