Capturing the Lucrative Market: Exploring the $7.8 Billion Specialty Lighting Market by 2027

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MarketsandMarkets Presents
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. Entertainment,
medical, and UV lamps are the most prominent
applications of specialty lighting. Other
emerging applications of specialty lighting
include airport lighting, which holds a high
growth potential. Airport lighting includes the
lighting systems which are used at airports to
support airport operations as well as night
flights and improve airport appearance. Airport
lightings are designed to provide visual aid and
navigation approach to the pilot during the
journey, takeoff, and landing.
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MarketsandMarkets Presents
In application type, the entertainment
application is expected to hold the highest
market share of the specialty lighting market
during the forecast period Entertainment
lighting is used to illuminate stages, studios,
and events. It creates the desired dramatic
effects required for a show or performance.
Entertainment lighting is also used in film
shootings and other video recordings. The light
sources used for entertainment lighting include
LED lamps, xenon lamps, halogen lamps, and
incandescent lamps. Entertainment lighting
includes lamps which maintain the focus of the
audience and provide proper intensity, color
distribution, and direction to the performers.
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MarketsandMarkets Presents
In application type, the entertainment
application is expected to hold the highest
market share of the specialty lighting market
during the forecast period Entertainment lighting
has various applications, including stage,
studio, and others. Stage lighting leads the
entertainment lighting segment, followed by
studio and others, and the trend is expected to
remain the same during the forecast period. Based
on region, the entertainment lighting market is
segmented into four main regions North America,
Asia Pacific, Europe, and Rest of the World
(RoW). Get PDF Brochure _at_ https//www.marketsand
markets.com/pdfdownloadNew.asp?id261604039
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MarketsandMarkets Presents
In application type, the entertainment
application is expected to hold the highest
market share of the specialty lighting market
during the forecast period North America led the
entertainment lighting market in 2021 owing to
the rapidly expanding music industry, growing
participation in music festivals, and increasing
urbanization. The increasing number of musical
events and support of various associations such
as National Association of Music Merchants
International Music Products Association (NAMM),
European Festivals Association, European Music
Council, etc., are expected to drive the growth
of the European music industry. This is expected
to fuel the market for entertainment lighting in
Europe.
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MarketsandMarkets Presents
The North America specialty lighting market is
projected to have the highest market share during
the forecast period The Specialty Lighting Market
has been studied for North America, Europe, Asia
Pacific, and RoW. The market in North America
holds the highest market share in 2021 and is
projected to hold the same during the forecast
period. North America is known to host top
musical festivals such as Lollapalooza, Bonnaroo,
Bumbershoot, and Electric Zoo Festival, etc. In
addition, growing participation in music
festivals and increasing urbanization are
expected to drive the entertainment lighting
application market in the coming years. In 2021,
the total number of hospitals in the US was
6,093, which is only expected to grow more during
the forecast period.
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MarketsandMarkets Presents
Key Players 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), Chauvet Sons
(US), Daray Medical (UK), Color Imagination LED
Lighting (China), Simeon Medical (Germany),
Crystal IS (US), and XYLEM (US). Browse For More
Details - https//www.marketsandmarkets.com/Market
-Reports/specialty-lighting-market-261604039.html
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MarketsandMarkets Presents
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