Market Research Report
Professional Production LED Lighting Global Market Forecast 2016-2026
|Published by||ElectroniCast||Product code||457193|
|Published||Content info||529 Pages
Delivery time: 1-2 business days
|Professional Production LED Lighting Global Market Forecast 2016-2026|
|Published: July 31, 2017||Content info: 529 Pages||
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This is the ElectroniCast 2016-2026 global review and forecast of the use of light emitting diode (LED) professional production lighting in television/broadcast, motion pictures and videography.
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:
The market data are segmented into the following professional production end-user groups (applications):
The market forecast data are presented for the LED light fixture, segmented by the following functions:
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:
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 $197.9 million in 2016. During the forecast period, the value of the LED fixtures with lamps is expected to increase to $508.5 million in the year 2026. 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 $112 million in 2016, compared to nearly $60 million in the Motion Picture category and the remainder 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.