Specialty Lighting Market by Light Source (Light-Emitting Diode, Halogen Lamps, Xenon Bulbs, Incandescent Lamps, Metal Halide Lamps), Application (Entertainment, Medical, UV Lamps) and Region (North America, Europe, APAC, RoW) - Global Forecast to 2027
“The specialty lighting market is projected to grow at a CAGR of 6.6% from 2022 to 2027.”
The specialty lighting market is projected to reach USD 7.8 billion by 2027 from USD 5.7 billion in 2022; it is expected to grow at a CAGR of 6.6% from 2022 to 2027.
The specialty lighting market has been segmented by light source, application, and region. Product launches and developments were the key strategies adopted by the leading players in the market from January 2018 to November 2022. Other strategies adopted by the players to grow in the market during this period were partnerships and collaborations, and acquisitions. The specialty lighting market is witnessing a rise in demand in entertainment application. The growth of the specialty lighting market is driven by the growth in the number of music events, stringent government regulations pertaining to UV disinfection, and an increase in the adoption of surgical lighting for minor and major surgical procedures. Reduction in energy consumption, and subsequently its cost, is one of the key factors making LEDs a preferred choice of users over conventional lights. LEDs are replacing conventional light sources such as fluorescent lamps, High-intensity Discharge (HID) lamps, and High-pressure Sodium (HPS) lamps in entertainment and medical lighting applications. The entertainment lighting application primarily includes stage, studio, and cinema lights, while the medical lighting application includes surgical and examination lights.
The major players in the specialty lighting market include Signify (Netherlands),OSRAM (Germany), SMART Global Holdings (Cree LED) (US), Ushio (Japan), Advanced Specialty Lighting (US), Herbert Waldmann (Germany), Getinge AB (Sweden), Brandon Medical (England), Integra Lifesciences (US), American Ultraviolet (US), Steris PLC (UK), Halma (US), Advanced UV (US), Martin Professional (Denmark), Altman Lighting (US), Guangzhou Yajiang Photoelectric Equipment Co. (China), Chauvet & Sons (US), Daray Medical (UK), Color Imagination LED Lighting (China), Advanced Stage Lights (India), Technomed India (India), Simeon Medical (Germany), Crystal IS (US), and XYLEM (US).
Stage lighting segment of entertainment application to account for largest market share during forecast period
The increasing number of live performances and growing music industry are expected to positively impact the growth of the stage lighting segment. An increase in the use of stage lighting for concerts, plays, operas, dance performances, theater, and other performances is also expected to drive the growth of the stage lighting segment. The increasing number of live performances and growing music industry are expected to positively impact the growth of the stage lighting market. In addition, increasing use of stage lighting for concerts, plays, operas, dance performances, and other events is expected to drive the growth of the stage lighting market. The intensity, color, type, and distribution of light play an important role in creating the effect required to justify the performance of artists on stage. This is expected to increase the adoption of stage lighting fixtures, which, in turn, will boost the growth of the stage lighting market.
This report segments the Specialty Lighting Market by Light Source (Light-Emitting Diode, Halogen Lamps, Xenon Bulbs, Incandescent Lamps, Metal Halide Lamps), Application (Entertainment, Medical, UV Lamps), and Region (North America, Europe, Asia Pacific, RoW)- Global Forecast to 2027
Reasons to Buy the Report:
This report includes statistics pertaining to the specialty lighting market based on light source, application, and region.
Major drivers, restraints, opportunities, and challenges for the specialty lighting market have been provided in detail in this report
The report includes illustrative segmentation, analysis, and forecast for the specialty lighting market based on its segments.
Table of Contents
1 Introduction 1.1. Study Objectives 1.2. Definition 1.3. Study Scope 1.3.1. Markets Covered 1.3.2. Geographic Analysis 1.4. Years Considered 1.5. Currency 1.6. Limitations 1.7. Stakeholders 1.8. Summary Of Changes
2 Research Methodology 2.1. Research Data 2.2. Secondary Data 2.3. Primary Data 2.3.1. Key Data from Primary Sources 2.3.2. Breakdown Of Primary Interviews 2.3.3. Key Industry Insights 2.4. Market Size Estimation 2.5. Market Breakdown and. Data Triangulation 2.6. Risk Analysis 2.7. Research Assumptions and Limitations
3 Executive Summary
4 Premium Insights
5 Market Overview 5.1. Introduction 5.2. Market Dynamics 5.2.1. Drivers 5.2.2. Restraints 5.2.3. Opportunities 5.2.4. Challenges 5.3. Value Chain Analysis 5.4. Revenue Shift and New Revenue Pockets for Specialty Lighting Players 5.5. Ecosystem/Market Map 5.6. Technology Analysis 5.7. Pricing Analysis 5.8. Patent Analysis 5.9. Trade Analysis 5.10. Porter’s Five Forces Analysis 5.10.1. Threat Of New Entrants 5.10.2. Threat Of Substitutes 5.10.3. Bargaining Power of Suppliers 5.10.4. Bargaining Power of Buyers 5.10.5. Intensity Of Competitive Rivalry 5.11. Regulatory Landscape
7 Specialty Lighting Market, by Application 7.1. Introduction 7.2. Entertainment 7.2.1. Stage Lighting 7.2.2. Studio Lighting 7.2.3. Others 7.3. Medical 7.3.1. Surgical Lighting 7.3.2. Examination Lighting 7.4. UV Lamps 7.4.1. Air Purification 7.4.2. Water Purification 7.4.3. Surface Purification 7.5. Others 7.5.1. Airport Lighting 7.5.2. Insect Trap Lighting
8 Specialty Lighting Market, by Region 8.1. Introduction 8.2. North America 8.2.1. US 8.2.2. Canada 8.2.3. Mexico 8.3. Europe 8.3.1. UK 8.3.2. Germany 8.3.3. France 8.3.4. Rest Of Europe 8.4. Asia Pacific (APAC) 8.4.1. China 8.4.2. Japan 8.4.3. India 8.4.4. South Korea 8.4.5. Rest Of APAC 8.5. Rest of the World 8.5.1. South America 8.5.2. Middle East & Africa
10 Company Profiles 10.1. Introduction 10.2. Key Players 10.2.1. Signify 10.2.1.1. Business Overview 10.2.1.2. Products Offered 10.2.1.3. Recent Developments 10.2.1.4. MNM View 10.2.1.4.1. Key Strengths/Right to Win 10.2.1.4.2. Strategic Choices Made 10.2.1.4.3. Weaknesses And Competitive Threats Note: Similar Information Would Be Provided for Top 5 (Key Players) 10.2.2. OSRAM 10.2.3. SMART Global Holdings (Cree LED) 10.2.4. USHIO 10.2.5. Advanced Specialty Lighting 10.2.6. Getinge AB 10.2.7. Herbert Waldman 10.2.8. Brandon Medical 10.2.9. Integra Lifesciences 10.2.10. Steris PLC 10.3. Other Players 10.3.1. Halma 10.3.2. Atlantic Ultraviolet 10.3.3. Xylem 10.3.4. Advanced UV 10.3.5. American Ultraviolet 10.3.6. Martin Professional 10.3.7. Altman Lighting 10.3.8. Chauvet & Sons 10.3.9. Guangzhou Yajiang Photoelectric Equipment Co. 10.3.10. Daray Medical 10.3.11. Color Imagination LED Lighting 10.3.12. Advanced Stage Lights 10.3.13. Technomed India 10.3.14. Simeon Medical 10.3.15. Crystal IS Note: The Above List of Companies Is Tentative And Might Change During Due Course Of Research
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