Architainment segment to grow at CAGR of around 4% during in the global stage lighting market.
Arizton’s recent market research report on the stage lighting market identifies HARMAN International (Samsung), Osram, and Philips as the leading vendors that are likely to dominate the market during the forecast period. This research report provides detailed analysis of market segmentation by product type (light fixtures (based on light type, light source, & fixture movement) and lighting control systems), by end-user type (touring rental and fixed installation), by application type (large venues & events and architainment), and by geography (APAC, Europe, North America, Latin America, and MEA).
The stage lighting market is estimated to reach values of around $3 billion by 2023, growing at a CAGR of approximately 4% during the forecast period.
The stage lighting market is divided into four major segments that consist of product type, end-user type, application type, and geography.
Lighting control segment to grow at a considerable CAGR in the stage lighting market during the forecast period
The stage lighting market by product type is segmented into light fixtures (based on light type (beam projectors, ellipsoidal, followspots, fresnels, PARs, scoops, striplights& CYC lights), light source (conventional & LED), & fixture movement (static & automated/intelligent)) and lighting control systems (stage lighting controllers & visualizers). The lighting control systems segment dominated less than 1/3rd of the total market share in 2017, growing at a CAGR of approximately 3% during the forecast period. The increasing proliferation of 3D visualizers is propelling the growth of this segment in the global market. The advent of digital control systems and intelligent and smart lighting systems will transform the global stage lighting market. The evolution of smart technology will help contribute to the saving on the overall energy bills as well as increase safety and convenience for consumers in the global market. These innovative systems are designed to cue playback which ensures the organized play of various attributes such as gobos, color, tilt, and pan, among others, apart from controlling the conventional dimmers in the market. Furthermore, the increasing proliferation of wireless connectivity between deviceswill contribute to thetransformation of the stage lighting market.
Architainment segment to grow at a significant CAGR in the stage lighting market during the forecast period
The application type segment in the stage lighting marketis classified into large venues & events and architainment. Architainment segment occupied a small portion of the total market share in 2017, growing at CAGR of around 4% during the forecast period. The increasing use of LED fixtures along with motion sensors in many architectural buildings, monuments, and other facades is propelling the growth of this segment in the global market. Architainment is a combination of architecture and entertainment to create lights shows for buildings and has become one of the significant markets for stage lighting vendors.The advancement in the LED technologies, the introduction of color LEDs, and kinetic arts are some of the factors contributing to the development of the global stage lighting market. Sydney’s Opera House, Dubai’s Meydan Bridge, and New York’s Empire State Building are some of the prime examples of the use of LED fixtures for architainment purposes. The increasing focus to create visual delight and enhance the consumer experience will encourage vendors to offer innovative solutions in the global market. The increase in the demand for leisure and business travel will also boost the adoption of new systems in the stage lighting market.
Latin America to grow at the fastest CAGR in the stage lighting market during the forecast period
The stage lighting market by geography is segmented intoAPAC, Europe, North America, Latin America, and MEA. Latin America is the fastest growing region in the global market at a CAGR of more than 4% during the forecast period. The increasing popularity of Latin music in other parts of the world is fueling the growth of the music industry and Latin American region in the global market. Latin America is also becoming the world’s hotspot for live concerts and performances in the global market. The increasing inflow of FDI and per capita disposable income of peopleis augmenting the evolution of the Latin America stage lighting market. The rise in demand for music and growth of music enthusiasts will further drive the growth of the market in Latin America.Also, increasing number of internet and smartphone users are acting as a catalyst for the growth of the stage lighting market in the region.
The other prominent players in the stage lighting market are Absen America, Altman Lighting, Antari, Apollo Design Technology, Ayrton, Blizzard Lighting, Chauvet Professional, Chroma-Q, City Theatrical, Core Lighting, Dexel, Eaton Electrical Systems, Elektralite, Elation Professional, ENTTEC, Epsilon Pro Lighting, Electronic Theatre Controls, Golden Sea, Kumho Electric, Leprecon, Litetronics International, Lycian Stage Lighting, MA Lighting, Mighty Bright, MLS, Nicolaudie, 0energyLighting, Pathway Connectivity, PROEL, Red Lighting, Rosco, SGM, Studio Due, Techni-lux, Teclumen,Ultra-Tech Lighting, Ushio Lighting, and Zumbotel Group.
The complete overview of the latest market research report on global stage lighting market by Arizton is now available.
The report also offers a detailed study of major trends, drivers, challenges, and also provides the market size and forecast for major geographical regions and key countries.
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