Programmable Stage Lighting Market

Programmable Stage Lighting Market Growth Outlook for 2022-2032

The global programmable stage lighting market is anticipated to witness a CAGR of 5% during the forecast period from 2022 to 2032.

The market is anticipated to be valued at US$ 2.85 Billion by 2032, up from US$ 1.75 Bn in 2022.

The increasing demand for programmable stage lights in theaters and the sports sector is expected to drive the market in the coming time. The longer lifespan and the cost-effectiveness are projected to be salient causes that can develop the industry in the forecast period.

Further, the availability of programmable motion sensors along with benefits such as high-quality lighting is likely to augment the industry in the forecast period. In addition, developing countries such as India and China are expected to offer lucrative market opportunities during the forecast period.

The growth prospects in developing countries can be attributed to large-scale public events, the significant young population, and the demand from small individual events.

Market Analysis	Values
Expected Value for 2022	US$ 1.75 Billion
Anticipated Market Value by 2032	US$ 2.85 Billion
Estimated Growth Rate (2022-2032)	5%
Key Programmable Stage Lighting Providers	Robert Juliat PR Lighting Ltd. Guangzhou GTD Lighting Technology Co. Ltd. ADJ Products LLC Chauvet & Sons Inc. Altman Lighting Co. Clay Paky S.p.A.,ROBE Lighting s.r.o. Martin Professional General Electric Company Others

Demand Analysis of Programmable Stage Lighting 2017-2021 vs. Market Forecast 2022-2032

According to Fact. MR, the market showed a steady growth rate of 7% from 2017 and 2021. Growth was spearhead by an increase in the frequency of commercial outdoor and indoor public events for business and recreational purposes. In addition, their low power requirement have further enhanced uptake.

During the height of the COVID-19 pandemic, demand for programmable stage lighting declined significantly. The imposition of lockdowns to curb the spread of the disease led to the cancellation of mass public gatherings, including business conferences, trade fairs, religious congregations and sporting events.

At the same time, sales of programmable stage lighting remained largely unaffected, especially across the residential sector. Rising penetration of AI-enabled and smart devices have led consumers to opt for smart lighting solutions. Moreover, these programmable lights are pivotal in ensuring energy conservation. Hence, Fact.MR anticipates demand to accelerate at a steady 5% CAGR from 2022 to 2032.

What is the Contribution of the Events Industry in Boosting the Market?

Innovation in Programmable LED Lights can grow the Market

The demand for specialized lighting for wireless lighting displays and LED lights in the events industry is expected to play a salient role in boosting the market in the coming time. Further, the business events are anticipated to offer significant opportunities for expansion by producing high demand for LED display panels.

Moreover, innovative ideas, such as; LED light effects in amalgamation with fog machines are likely to additionally boost the demand for the product. Also, the integration of IoT systems is another crucial factor that can propel the industry growth in the assessment period.

What are the factors impeding the global programmable stage lighting market?

High Capital Investments can impede the Programmable Stage Lighting Market

The high expenses associated with programmable solutions are anticipated to be five times more than the traditional lighting solutions, which has been identified as one of the major factors hindering the market.

Scarcity of training resources for professionals involved in programmable lighting solutions is another factor that is projected to negatively impact the market. It also demands high capital requirements, which is another cause slowing the market expansion.

Country-Wise Analysis

How is the US contributing to developing the market in North America?

U.S can Surpass Canada while Exhibiting a CAGR of 5%

Regionally, North America is anticipated to procure the largest market share, followed by Europe. Among all, the US is likely to acquire the lion’s share while exhibiting a CAGR of 5% in the assessment period.

The high participation of the U.S could be due to the presence of advanced event organizations generating significant demand for programmable stage lighting. By expanding at a CAGR of 5%, the US is likely to surpass Canada.

The U.S is a land of corporates, and also the organizer of various events that are globally renowned. Billboard reveals that the U.S organizes more than 800 music events annually.

What are the Opportunities for the Japanese Market?

Japan can Witness a Significant Rise for it is one of the Fastest Growing Economies

In Asia, Japan has been identified as a lucrative market owing to the large presence of small and medium enterprises. Japan is the global hub for organizing cultural activities and is also one of the fastest-growing economies of the world. A CAGR worth 7% is projected for the Japanese market.

Rising urbanization and increased investment by big brands have resulted in the rapid growth of the industry, leading to surged corporate events in the country. With the rising corporate and cultural events taking place, the programmable stage lighting is anticipated to witness significant demand, strengthening the industry in the forecast period.

What are the Growth Prospects of the Market in China?

Reduced Price of LED light bulbs to boost the Market in China

The increase in investments for the construction of hotels, event venues, and convention centers have resulted in a rise in demand for programmable stage lighting. The growth of entertainment industries in the region is anticipated to be another significant factor propelling the market in China.

In addition, initiatives by the government, such as; incentives and subsidies have resulted in lowering the price of LED light bulbs, which can further augment the market in China. According to Fact.MR, a CAGR worth 8% is anticipated for the Chinese market.

Category-Wise Insights

Which Type of Lights is expected to Witness Higher Demand?

Longer Life Span of Programmable LED Lights to Bolster the Market

LED light is expected to witness higher demand than other types of light due to its longer lifespan. Furthermore, they are also eco-friendly, which boosts their demand owing to the rising concerns for the environment. International Energy Agency reveals that LED is expected to procure 90% of the total sales by 2030.

On the other hand, laser programmable lights are expected to exhibit faster growth during the forecast period. This can be attributed to efficient information transmission capabilities and lower scope of leakage.

How are Strip Lights Generating Revenue?

Greater Affordability of Strip Lights to Bolster the Market

Based on the product type, strip light is anticipated to procure the largest market share. This can be attributed to affordability. A market share worth 45% is projected for this segment.

Strip lights are expected to retain their position in the market throughout the forecast period. Further, the moving programmable head lights setups are projected to witness decent growth in the coming time.

Competitive Landscape

Key players of the global programmable stage lighting market generally focus on product development and acquisitions. The notable players opt for various initiatives to acquire the forefront position. Some of the recent developments among the key players are:

• In July 2021, Altman Lighting launched the new LED Work Light II (WLII), which is portable and energy-efficient to lighten up the venue.
• In January 2022, ADJ expanded its portfolio of professional lighting tools by launching D4 Branch RM. It is a 4-way DMX splitter and booster.
• In September 2021, Chauvet announced that it acquired Kino Flo, a renowned player in LED lighting systems.

Key Market Segments covered in Programmable Stage Lighting Report

• Light Type

  • Halogen-based Programmable Stage Lighting
  • Laser Light-based
  • LED
  • Other

• Product

  • PAR Can Programmable Stage Lights
  • Moving Programmable Stage Head Lights
  • Programmable Stage Strip Lights
  • Other Programmable Stage Lighting Products

• Application

  • Theaters
  • Entertainment Places
  • Other Applications

• Technology

  • Bluetooth-enabled Programmable Stage Lighting
  • Wi-Fi-enabled
  • Other