Growing penetration of smart phones and opening up of social networks

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United States, Rockville MD, 12 Jul. 2022 (GLOBE NEWSWIRE) — Fact.MR, a market research and competitive intelligence provider, reveals that the global studio lighting market is estimated to be worth US$15.3 billion in 2022 and is expected to grow. at an impressive CAGR of 9.1% over the forecast years 2022-2032.

Compared with the rural population, the lifestyle of the urban population is rapidly changing due to the high penetration of smart devices and the Internet. With the population of urban areas more trend-conscious, their inclination towards studio lighting for various purposes, such as aesthetic and commercial reasons, is growing.

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Millennials are socially active and beauty-conscious, spreading the latest innovations with their growing disposable incomes. While other sections of the younger generation prefer to be unique, a larger section is more focused on appearance, not only in real life but also in real life, and a considerable number give importance to new experiences and products. New product development and technology intervention run in parallel, resulting in the application for studio lighting products.

Why are Ring Studio lights getting so much market attention?

With the growing popularity of studio lighting, the demand for different colored ring lights is increasing. As a result, manufacturers are introducing ring lights that set the right mood with a bulb that brings a rainbow into the studio. These color changing ring lights are easy to use and offer a full range of color options and capabilities and prove to be the best choice for both indoor and outdoor shots.

Ring lights come with a torch making them more convenient and allowing the user to take advantage of other handy features such as a timer or sunset and sunrise modes making them perfect for shots of evening and morning view.

The ring lights sub-segment of the studio lighting market is expected to grow 2.6x and gain 218 BPS by the end of 2032.

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Key Segments Covered in Workshop lighting Industry survey

  • Studio Lighting Market by Type:
    • Speed ​​lights
      • Up to 5 inches
      • 5-10 inches
    • Continued
    • Ring Lights
      • Up to 10 inches
      • 10-15 Inches
      • 15-20 inches
      • Above 20 inches
  • Studio Lighting Market by End User:
    • Commercial
      • Music recording
      • Motion Pictures (Cinematography)
      • Professional photography
      • Videography
    • House
      • Broadcast / Streaming
      • Professional photography
      • Independents
      • Videography
      • Games and leisure
      • Other content creators
  • Studio Lighting Market by Intensity:
    • Less than 100 lumens
    • 100-200 lumens
    • 200-400 lumens
    • Above 400 lumens
  • Studio Lighting Market by Price:
    • $50 – $150
    • US$150-$300
    • $300 – $500
    • $500+
  • Studio Lighting Market by Light Sourcing:
    • LED studio lighting
    • Halogen studio lighting
  • Studio Lighting Market by Sales Channel:
    • Online sales
      • Company owned platforms
      • E-commerce platforms
    • Offline sales
      • Authorized distributors
      • Supermarkets/Hypermarkets
      • Specialty stores

Competitive landscape

Major studio lighting manufacturers are Adorama Camera, Inc., Apurture Imaging Industries CO. LTD, ARRI AG, Bescor Video Accessories Ltd., Broncolor, De Sisti Lighting, Digital Sputnik, Elinchrom’s D-Lite, FIILEX, Fovitec (USA) International Inc, GODOX, Great Video Maker (GVM), Guangdong Nanguang Photo & Video Systems Co Ltd, Ikan Corporation, Photogenic Lighting, Profoto AB, Rotolight Group LTD, SP Studio Systems, Stellar Lighting Systems, Tolifo and Westcott Co.

Moreover, professionalism and expertise in designing, planning and offering various studio lighting products are at the heart of the marketing strategies of many market players.

  • In July. 2020, Aputure announced a new flagship light – the NOVA 300c. It’s got a lot of features in a new design for Aputure, including RGB, effects, and gels in a small but bright fixture.
  • In August 2021, ARRI launched the ARRI “Lightnet Software” platform to manage broadcast studio lighting. ARRI’s Solutions Group has developed a software framework that enables remote monitoring, troubleshooting, and administration of broadcast studio lighting networks in a smart, logical, and at-a-glance way.

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The key players in Workshop lighting Market

  • Adorama Camera, Inc.
  • Apurture Imaging Industries CO. LTD
  • ARRI S.A.
  • Bescor Video Accessories Ltd.
  • Broncolor
  • Sisti Lighting
  • digital sputnik
  • Elinchrom D-Lite
  • FILEX

Main takeaways from Workshop lighting Market research

  • The North America studio lighting market is expected to grow at an impressive CAGR of 9% and be valued at US$10.5 billion by 2032.
  • The global market recorded a CAGR of 6.9% during the period 2017-2021.
  • Below type, continuous studio lighting dominates the market with a valuation of US$6.8 billion in 2022.
  • The commercial studio led the market with 81.2% market share in 2021.
  • Together, independent and videography end users are expected to account for 56.4% market share in 2022.
  • Depending on the region, studio lighting demand is expected to grow at CAGRs of 10.8% and 12.3% in South Asia and Oceania and Latin America, respectively.

About Fact.MR Technology Division

Expert analysis, actionable insights, and strategic recommendations from Fact.MR’s highly experienced technology team help customers around the world meet their unique business intelligence needs. With a repository of over a thousand reports and over a million data points, the team has analyzed the tech industry in over 50 countries for over a decade. The team provides unparalleled end-to-end research and advisory services.

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