The Global Stage Lighting Market to Reach Revenues of Over $3 Billion During the Period 2020−2025 - Market Research by Arizton

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Feb 11, 2020, 10:00 ET

CHICAGO, Feb. 11, 2020 /PRNewswire/ -- According to Arizton's recent research report, Stage Lighting Market - Global Outlook and Forecast 2020-2025 is expected to grow at a CAGR of around 4% during the period 2019−2025.

Key Highlights Offered in the Report:

The global stage lighting market is likely to post an incremental growth of around $249 million due to rise audience attendance in several application sectors such as concert, live events, and others.
The rapid development in LED technology is expected to be beneficial for the market, contributing to its growth and fueling the demand for smart wireless lighting controls. Lighting source, LED Technology is likely to grow at CAGR of over 5% by 2025.
Concerts accounted for largest revenue share in 2019. However, in terms of CAGR DJ Retail/Rec DJ will account for the largest value, around 7% by 2025.
Product innovation and advancement in technology is likely to push vendors to invest more in technology particularly in developed regions such as North America and Europe. North America and Europe combined account close to 67% share in terms of market revenue in 2019.
The US has emerged as the largest market accounting for 28% share due to high rate of adoption of new tech savvy products. This is attributed by the growth in several application sector markets such as concerts, live events, DJ, and others.

Key Offerings:

Market Size & Forecast by Revenue | 2019−2025
Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
Market Segmentation – A detailed analysis by product, end-user, fixture, application, and geography
Competitive Landscape – Profile of 3 key vendors and 39 other vendors

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Stage Lighting Market – Segmentation

Parabolic aluminized reflectors (PARs) are the most widely used fixtures in the entertainment industry and generated over $440 million in 2019. The increasing emphasis on cost efficiency is driving stage illumination fixtures in the market.
The demand for LED stage lighting is expected to increase at a faster rate. The increased proliferation of LED devices is likely to fuel the growth of the market worldwide. These light sources offer longer lifespan, require no maintenance, and produce less heat. LED modules are also cost-effective.
As music festivals with live performances are attracting global tourists, the trend is expected to increase in emerging countries such as Asia and Africa. The rise of virtual reality and augmented reality is likely to influence live music performances.

Market Segmentation by Products

Lighting Fixture

PARs
Striplights/borderlights and cyc lights
Ellipsoidals
Fresnels
Follow spots
Beam projectors
Scoops

Lighting Control

Lighting controllers
Visualizers

Market Segmentation by End-user

Touring Rental
Fixed installation

Market Segmentation by Lighting Fixture

Based on Fixture Movement

Static lighting fixtures
Automated/intelligent lighting fixtures

Based on Lighting Source

Conventional lighting
LED lighting

Market Segmentation by Application

Concerts/Touring
Corporate Events
Weddings/Event
House of Worship
DJ Retail/Rec DJ
Fitness Sports
Theatres
Architectural and Commercial Installs
Broadcast/TV/Film
Hospitality
Nightclubs/Bars

Stage Lighting Market – Dynamics

The increasing number of exhibitions, conferences, and seminars globally is expected to drive the demand for stage lighting systems and control solutions worldwide. What began as a medium of presentation has morphed into a platform for responsive marketing, interaction, knowledge sharing, and collaboration among businesses and consumers. Exhibitions have come full circle as a marketing tool, playing a pivotal role in showcasing skills and works of art, demonstrating products, driving innovations, fine-tuning strategy, and gathering data. Globally, about 4.1 million companies participate in trade exhibitions, which are further attended by about 283 million visitors annually. An average of 30,840 exhibitions happens every year in a variety of sectors across the world.

Key Drivers and Trends fueling Market Growth:

Expansion of Live Performance & Music Industry
Increased Demand for Technically Advanced Products
Adoption of Smart Wireless Lighting Control
Growing Convergence of Pro Av And IoT

Stage Lighting Market – Geography

The penetration of stage lighting fixtures is expected to remain an all-time high in North America during the forecast period because of the increased replacement and upgrading of legacy systems in the region. The rise in tradeshows, the growth of the music industry, the increasing growth of the US economy, coupled with improved corporate profits and a surge in domestic travel, are expected to propel the growth. The market is mostly led by millennials, also called the digital generation. Concert organizers have been working hard to promote the ideology of concerts and live performances among millennials in the US who show little interest in attending concerts and a majority of them believe in spending on adventure instead of buying tickets to concerts.

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Market Segmentation by Geography

North America

US
Canada

APAC

Japan
China
South Korea
Australia

Europe

UK
Germany
France
Spain
Nordic
Italy

MEA

UAE
South Africa
Saudi Arabia

Latin America

Brazil
Mexico

Major Vendors

HARMAN International
Osram
Philips

Other vendors include - 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 Professional Lighting, Electronic Theatre Controls, German Light products, Golden Sea Professional Equipment Ltd, Kumho Electric, Leprecon, Litetronics International, Lycian Stage Lighting, MA Lighting Technology, Mighty Bright, MLS, Nicolaudie, 0energyLIGHTING, Pathway Connectivity, PROEL, Red Lighting, Rosco, SGM Light A/S, Studio Due, Techni-Lux, Teclumen, Ultra-Tech Lighting, Ushio Lighting, and Zumtobel Group.

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About Arizton:

Arizton – Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.

We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.

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SOURCE Arizton Advisory & Intelligence