Global Programmable Stage Lighting Market: Snapshot
Nowadays, the usage of programmable stage lighting equipment has increased for music events, stage shows, live in concerts, premier clubs, conference rooms, bars, theme parks, shops, and architectural environments across the world, leading to a tremendous rise in the global market for programmable stage lighting. In 2016, the market stood at US$1.19 bn. Thanks to the constant technological advancements, it is expected to rise at a CAGR of 7.0% over the period from 2018 to 2026 and increase to a value of US$2.29 bn by 2026.
LED Lights to Report Maximum Demand
The global programmable stage lighting market is majorly analyzed on the basis of the type of light, type of product, technology, and the application. Based on the type of light, the market is categorized into laser lights, LED lights, and halogen. The demand for LED lights is relatively greater than other types of lights and the trend is likely to continue in the near future.
On the basis of the type of the product, the market has been classified into moving head lights, strip lights, and PAR can lights. Strip lights surfaced as the leading contributor to this market in 2016 and are expected to remain so over the coming years. Moving head lights are also estimated to report decent growth in the years to come.
Based on technology, the market is segmented into Wi-Fi and Bluetooth. Entertainment places and theatres have emerged as the key application areas of programmable stage lighting. The demand for these lighting solutions is higher in the entertainment places segment. Researchers expect the scenario to remain same over the next few years.
North America to Continue Leading
The worldwide market for programmable stage lighting is also assessed on the basis of its geographical spread. North America, Europe, Asia Pacific, the Middle East and Africa, and South America are the main geographical categories of this market. In 2016, North America. In 2016, North America led the global market with a share of nearly 50%. Trailed closely by Europe, this regional market is expected to remain on the top spot over the next few years. The presence of established players and an advanced infrastructure is likely to support the North America market for programmable stage lighting in the near future.
Asia Pacific, on the other hand, has emerged as the most promising market for programmable stage lighting across the world. With ample untapped opportunities, this regional market is anticipated to continue offering lucrative growth opportunities to vendors over the forthcoming years.
Altman Lighting Co., PR Lighting Ltd., Guangzhou Yajiang Photoelectric Equipment Co. Ltd., Chauvet & Sons Inc., Guangzhou GTD Lighting Technology Co. Ltd., Martin Professional, General Electric Co., Clay Paky S.p.A., ADJ Products LLC., ROBE lighting s. r. o., Brand Lighting, and Robert Juliat are some of the key players in the global market for programmable stage lighting. The market demonstrates a highly competitive and a fragmented structure due to the presence of numerous participants.
Global Programmable Stage Lighting Market: Overview
This report provides an analysis of the global programmable stage lighting market for the period from 2016 to 2026, wherein the period from 2018 to 2026 comprises the forecast period and 2017 is the base year. Data for 2016 is provided as historical information. The report covers all the major trends and technologies playing a major role in the growth of the programmable stage lighting market over the forecast period. It also highlights various drivers, restraints, and opportunities that are expected to influence the market’s growth during this period. The study provides a holistic perspective on the market’s growth in terms of revenue in US$ Million across different geographical regions namely North America, Europe, Asia Pacific, Middle East & Africa and South America.
Global Programmable Stage Lighting market is experiencing growth owing to the factors such as need for more versatile lighting solutions, increase usage of LED stage lighting, need for quality as well as reliability of lighting solutions, increase in the number of stage shows and events across several regions and Increasing demand for smart wireless lighting controls. Since programmable stage lightings is digitally controlled, major light shows and events can be easily programmed and run by laptops and computers. Moreover, with the feeling of enchanting experience, increase in demand and growth of designing and technological advancement are witnessing to match the requirements of the programmable stage lightings, which is expected to positively support the growth of programmable stage lighting market during the forecast period.
Global Programmable Stage Lighting Market: Segmentation
Programmable Stage Lighting market is segmented by light type, technology, product type, application and region. On the basis of light type, the programmable stage lighting market is segmented into LED light, laser light, halogen and others. On the basis of application, the global programmable stage lighting market is segmented into entertainment places, theatres and others. The application of programmable stage lighting in entertainment places dominated the market in 2016. LED fixtures have dominance over old fashioned ones that make them attractive in stage lighting. Based on technology type, the programmable stage lighting market is further segmented into Wi-Fi, Bluetooth and others. On the basis of product type, the market is segmented into moving head lights, strip lights, PAR can lights and others. The use of flexible strip lights is rapidly rising in modern lighting design around the world due to an increase in efficiency, color options, brightness, and ease of installation.
The global market is being dominated by North America followed by Europe due to the increase in number of stage shows performed by renowned artists frequently. However, the Asia-Pacific region is expected to emerge as the one of the fastest growing market in coming years due to developing entertainment industry in economies such as China, India and Japan. The new industry also is in a stage of rapid development in developed countries, such as India.
The market overview section of the report showcases the market dynamics and trends such as the drivers, restraints, and opportunities that influence the current nature and future status of this market. The report also provides the value chain analysis and key market indicators for the programmable Stage Lighting market. The Programmable Stage Lighting market data estimates are the result of our in-depth secondary research, primary interviews and in-house expert panel reviews. These market estimates have been analyzed by taking into account the impact of different political, social, economic, technological, and legal factors along with the current market dynamics affecting the market growth. The report provides in-depth segment analysis of the global market, thereby providing valuable insights at the macro as well as micro levels.
Global Programmable Stage Lighting Market: Competitive Analysis
The report also includes competitive profiling of the key players associated with the programmable stage lighting market around the globe. The important business strategies adopted by them, their market positioning, financials, SWOT analysis, and recent developments have also been identified in the research report. The competitive landscape section of the report also gives an overview about the major contributing regions/countries by these key players in order to strengthen their market position in the future.
Some of the major players in the global Programmable Stage Lighting market are: Altman Lighting Co., PR LIGHTING LTD., Guangzhou Yajiang Photoelectric Equipment CO.,Ltd, Chauvet & Sons, Inc, Guangzhou GTD Lighting Technology Co., Ltd, Martin Professional, General Electric Co., Clay Paky S.p.A., ADJ Products, LLC., ROBE lighting s. r. o., Brand Lighting and Robert Juliat among others.
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