Specialty Lighting Market: Global Analysis and Forecast (2022-2027)

1. 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.

2. 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.

3. 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 @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=2616 04039

4. 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.

5. 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.

6. 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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