Market Research Report
Professional Production LED Lighting Global Market Forecast 2015-2020
|Published by||ElectroniCast||Product code||331983|
|Published||Content info||502 Pages in PDF
|Professional Production LED Lighting Global Market Forecast 2015-2020|
|Published: January 18, 2016||Content info: 502 Pages in PDF||
This is the ElectroniCast 2015-2020 global forecast of the use of light emitting diode (LED) professional production lighting in television/broadcast, motion pictures and videography.
The consumption value is determined by multiplying the number of units by the average selling price. The average selling prices are based on the price of the LED lighting/ fixtures at the initial factory level. The consumption values are based on the end-user application and the end-user region. The market data are segmented into the following geographic regions, plus a Global summary; separate data-sheets are provided for the U.S.A. and Rest of the American region:
Applications The consumption value is determined by multiplying the number of units by the average selling price. The average selling prices are based on the price of the LED light fixture at the initial factory level. The consumption values are based on the end-user application. The market data are segmented into the following professional production end-user groups (applications):
Market Forecast, By Light Shape and Size This report provides an independent examination and analysis of the changing market dynamics for the major types of LED-based lighting fixtures, segmented by shape/size:
The market forecast data are presented for the LED light fixture, segmented by the following functions:
Below, are five levels (or "food chain") pertaining to the LED marketplace. For the purposes of THIS ElectroniCast study, we quantify and provide a market forecast for Level 5.
According to the market forecast report, the global consumption of LED professional lighting lamps/fixtures reached $178 million in 2015. During the forecast period, the value of the LED fixtures with lamps is expected to increase to $390 million in the year 2020. Market forecast data in the study report refers to consumption (use) for a particular calendar year; therefore, this data is not cumulative data.
The worldwide value of LED-based production lighting in the Television/Broadcast segment reached $94 million in 2015, compared to $50 million in the Motion Picture category and $34 million in the Videography industry segment. The TV/Broadcast industry sector is continuously challenged with expenditure reduction, due mainly to the decline in advertisement revenue; however, paid subscription-based TV, supplements the television sector in terms of upgrades in lighting.
High performance TV/Broadcast cameras require professional-grade lighting to achieve the highest expectations for Slow Motion and High Definition (HD) TV standard-based production; therefore, along with the goal of energy-efficiency, LED-based lighting is proving to be the next-generation winning technology-choice for use in sport arenas and stadiums.
TV/Broadcast stations worldwide continue to retrofit their studios with LED-based production lights, to improve the picture quality with the new HDTV-based requirements. Also, other benefits of LED lighting versus the incumbent lighting is the consumption of less electrical power, since LEDs use less energy and also less air conditioning is required since heat generated by LED lights is negligible.
LED production lights in the motion picture/film category is driven by requirements for lighting effects and set lighting, mainly because of its flexibility. A single light source can generate a great variety of colors. Additionally, continuous cost/performance improvements driven by technological advancements are driving the LED lighting fixture market from a niche-only solution to a general use solution.
ElectroniCast, founded in 1981, specializes in forecasting technology and global market trends in fiber optics communication components and devices, as well providing market data on light emitting diodes used in lighting.
As an independent consultancy we offer multi-client and custom market research studies to the world's leading companies based on comprehensive, in- depth analysis of quantitative and qualitative factors. This includes technology forecasting, markets and applications forecasting, strategic planning, competitive analysis, customer-satisfaction surveys and marketing/sales consultation. ElectroniCast, founded as a technology-based independent consulting firm, meets the information needs of the investment community, industry planners and related suppliers.
Market analysis and technology forecasting are complex tasks. Any predictions of the shape and trends of technology and economic movement start from the notion that the germ of what will be important tomorrow is present, although smaller or larger or in a different form, in our environment today. However, taking as a basis for a prediction the assumptions of current, conventional belief creates a set of preconceived notions that can lead to serious mistakes. ElectroniCast, instead, looks to the basic driving forces.
This study is based on analysis of information obtained continually over the past several years, but updated through the middle of January 2016. During this period, ElectroniCast analysts performed interviews with authoritative and representative individuals in the LED and LED lighting/fixture manufacturing (materials, integrated circuits/circuit boards, packaging, devices, connectors/pins/end-caps, plastic, aluminum and glass manufacturers, associated parts/pieces, fittings/fixtures) and advertisement, photography, broadcast and motion picture industry sectors, marketing communications, R&D, government, and other. The interviews were conducted principally with:
The interviews covered issues of technology, R&D support, pricing, contract size, reliability, documentation, installation/maintenance crafts, standards, supplier competition and other topics. Customers and distributors were interviewed, to obtain their estimates of quantities received and average prices paid. Customer estimates of historical and expected near term future growth of their application are obtained. Their views of use of new technology products were obtained.
The analyst then considered customer expectations of near term growth in their application, plus forecasted economic payback of investment, technology trends and changes in government regulations and funding/tax-break legislation/rules in each geographical region, to derive estimated growth rates of quantity and price of each product subset in each application. These forecasted growth rates are combined with the estimated baseline data to obtain the long-range forecasts at the lowest detailed level of each product and application.
A full review of published information (secondary research) was also performed to supplement information obtained through primary research (interviews). The following sources were reviewed:
In analyzing and forecasting the complexities of worldwide markets for light emitting diode products, it is essential that the market research team have a good and a deep understanding of the technology and of the industry. ElectroniCast consultants who participated in this report were qualified.
Bottom-up Methodology ElectroniCast market forecasts data are developed initially at the lowest detail level, and then summed to successively higher levels. The background market research focuses on the amount of each type of product projected-use in each application in the base year (last year - 2015), and the prices paid at the first transaction from the manufacturer. This forms the base year data.
ElectroniCast analysts then forecast the growth rates in component quantity use in each application, along with price trends, based on competitive, economic and technology forecast trends, and apply these to derive long term forecasts at the lowest application levels. The usage growth rate forecasts depend heavily on analysis of overall end user trends toward equipment usage and economic payback.
All data and other information contained in this data base are proprietary to ElectroniCast and may not be distributed or provided in either original or reproduced form to anyone outside the client's internal employee organization, without prior written permission of ElectroniCast.
ElectroniCast, in addition to multiple-client programs, conducts proprietary custom studies for single clients in all areas of management planning and interest. Other independent consultants, therefore, are considered directly competitive. ElectroniCast proprietary information may not be provided to such consultants without written permission from ElectroniCast Consultants.