Global Xenon Flash Lamp Market 2018-2022 | Precision Farming Applications to Enhance Growth | Technavio

The global xenon flash lamp market is expected to post a CAGR of over 9% during the period 2018-2022, according to the latest market research report by Technavio.

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A key factor driving the growth of the market is the growing demand from various industries. The advantages of xenon flash lamp pumped laser such as stable simmer, dependable trigger, and consistent lamp-to-lamp quality make them suitable for use in medical and cosmetic applications while performing surgeries. For example, in the medical sector, xenon flash lamp pumped lasers are used while performing eye surgeries and kidney stone surgeries. Similarly, xenon flash lamp pumped lasers are used for various cosmetic surgeries, such as hair removal, tattoo removal, and skin rejuvenation procedures. Additionally, due to the high precision that they provide, xenon flash lamp pumped lasers are used in various manufacturing processes such as cutting, welding, drilling, and marking.

This market research report on the global xenon flash lamp market 2018-2022 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

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In this report, Technavio highlights precision farming applications as one of the key emerging trends in the global xenon flash lamp market:

Global xenon flash lamp market: Precision farming applications

Precision farming aims at growing more food using fewer resources and thus, reducing production costs. Crop cultivation and soil conditions differ from place to place and thus, the use of precision farming ensures that the inputs used for crops and the soil ensure their health and productivity. Precision farming employs sensors to measure various parameters such as the moisture content, water level, chlorophyll level, and the temperature of the soil. Additionally, farmers use drones and satellites to create multi-spectral imagery. Farmers can use the data provided by the sensors as well as the imaging inputs to monitor the need for nutrients and fertilizers and take decisions accordingly.

“Properties such as high light intensity, short pulses, and compact designs of xenon flash lamps make them suitable for the imaging systems deployed in drones and satellites used in precision farming. In addition, such lamps can be used in farm equipment such as tractors and harvesters as warning beacons,” says a senior analyst at Technavio for research on power.

Global xenon flash lamp market: Segmentation analysis

This market research report segments the global xenon flash lamp market by geographical regions (APAC, EMEA, and the Americas).

APAC led the market in 2017 with a market share of nearly 36%. This region is expected to dominate the market through 2022, with an increase in its market share.

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Some of the key topics covered in the report include:

Market Landscape

• Market ecosystem
• Market characteristics
• Market segmentation analysis

Market Sizing

• Market definition
• Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

• Regional comparison
• Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Competitive scenario

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