DUBLIN--(BUSINESS WIRE)--The "Xenon Lights Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.
The global xenon lights market reached a value of US$ 4.5 Billion in 2017.
The growth aspects of the market are projected to be propelled by the evolution of new applications of xenon. In automobiles, xenon lights are used as headlights to ensure visibility for the driver and indicate the position of other vehicles. They are also used to enhance the design and appearance of modern cars. Moreover, design-oriented driving enthusiasts use xenon lights to customize the underbody and interior of their cars. As a result, the thriving automobile industry is enhancing the demand for the xenon lights. Further, with growing popularity of ambient lighting, the consumers are valuing interior lighting design and colour which has compelled the vendors to use xenon lights for interior lighting. According to the report, the market is expected to reach a value of US$ 7.9 Billion by 2023, exhibiting a CAGR of 9.8% during 2018-2023.
The report has segmented the market on the basis of applications into automotive headlights, theatre and movie projectors, and interior lighting. Among these, automotive headlights account for the majority of the total share. Region-wise, the report covers Asia-Pacific, Europe, North America, Middle East and Africa, and Latin America. Currently, Asia-Pacific represents the largest region, accounting for the majority of the total global share. The report has also analysed the competitive landscape of the market.
Some of the key global players are:
- General Electric
- Stanley Electric
Key Topics Covered:
2 Scope and Methodology
3 Executive Summary
5 Global Xenon Lights Market
6 Market Breakup by Application
7 Market Breakup by Region
8 Xenon Lights Manufacturing Process
9 Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/research/t9f2sw/global_xenon?w=4