Studio Lighting Market

Studio Lighting Market Outlook (2022-2032)

The global studio lighting market reached a valuation of US$ 14.3 billion in 2021 and is predicted to expand at a high-value CAGR of 9.1% to reach US$ 36.6 billion by the end of 2032.

Worldwide sales of studio lighting accounted for 17.3% share of the global lighting equipment market at the end of 2021.

Report Attributes	Details
Studio Lighting Market Size (2021A)	US$ 14.3 Billion
Estimated Market Value (2022E)	US$ 15.3 Billion
Forecasted Market Value (2032F)	US$ 36.6 Billion
Global Market Growth Rate (2022-2032)	9.1% CAGR
North America Market Share (2021)	~29.3%
South Asia & Oceania Market Growth Rate (2022-2032)	~10.8% CAGR
United States Market Growth Rate (2022-2032)	~8.8% CAGR
Market Share of Top 5 Companies	~15.3%
Key Companies Profiled	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 Westcott Co.

Sales Analysis of Studio Lightings (2017-2021) Vs. Market Outlook (2022-2032)

With the growing trend of interior designing and international decor, many property owners want their places to be in top-grade condition. This includes things such as aesthetics to the functionality of several areas in the workplace and house.

As a result, studio decoration has become one of the most important aspects where property owners tend to spend a lot of money. Studio lights are crucial products that are being used for studio decoration purposes. There are many ways in which studio lighting can be an ideal decorative showpiece.

Relatively, studio lighting is a broad term and covers all the lights that are utilized in a studio. Unlike traditional lights, studio lights allow end users to control the brightness level and have adjusting control over the lighting situation. As a result, consumers are using their creativity to make the most out of these products as ideal forms of decorative pieces.

• Short Term (2022 Q2 to 2025): Augmenting utilization and integration of studio lighting in the videography & freelancer industry to positively impact market growth.
• Medium Term (2025-2028): Europe and North America anticipated to witness high demand for high studio lighting owing to increased penetration of ICT.
• Long Term (2028-2032): Increased use of studio lighting for professional photography in commercial end usage and gaming & recreational activities.

Over the 2017-2021 historical period, the global studio lighting market registered a CAGR of 6.9%, and according to Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit higher growth at 9.1% CAGR between 2022 and 2032.

Market share analysis of studio lighting based on light type and region is provided in a nutshell in the above image. Under the type segment, the continuous lighting sub-segment dominates the market with 44.6% market share in 2022.

What’s Driving Demand for Studio Lighting Systems?

“Music Recording & Videography Studio Lights are Here to Stay”

The smart equipment market is expected to grow significantly owing to the increasing usage of smartphones and the expansion of social network platforms. Continuous increase in the number of Internet users across the world is expected to boost the demand growth for multifunctional and smart products.

It’s of little surprise that studio lighting products are adding an enriching experience and super-modern vibe to studios, be it for gaming, music, or just general entertainment.

Not only videography studio owners but also music studio owners have embraced this technology. Market players are coming up with diversified lighting solutions to attract more end users.

“Burgeoning Market Growth through Discounts & Online Stores”

Increasing adoption of digital marketing practices across industries is a popular trend. Supply-side participants in the studio lighting market are focusing on enhancing their relations and indulging in strategic partnerships with online retailers.

Studio lighting products and solutions can easily be made available to mass end users and this will also help market players drive the online visibility of their products. Many manufacturers are entering into strategic alliances with Amazon, Walmart, Flipkart, Alibaba, and other e-Commerce platforms to gain a wider reach through discount offerings and cater to their digital base of consumers.

Online shopping offers convenience and flexibility in selecting the desired product from a wide range of alternatives. Moreover, e-Commerce sites offer variability in products and pricing, allowing buyers to get maximum discounts and offers on their purchases.

“Combined with Advanced Technology, Multi-functional Product Offerings Gaining Attention”

The most popular studio lights come with unique features and characteristics. Some of the features included in studio lights are dimming settings, long service life, lightweight design, portable shape and size, brightness adjustment, color temperature adjustment, extra-long power cords, and low heat output. These features, and more, make studio lights very versatile and adaptable for different situations.

In particular, dimming and color temperature settings mean that one can create a wide range of desired effects, and the studio lights can be altered to suit all environments. Multifunctional product offerings are further anticipated to fuel the growth of the studio lighting market over the coming years.

Furthermore, Bluetooth-operated remote control makes it easier to film and take photos from a long distance so that one does not have to worry about putting the mobile or photo-capturing device on a timer and scrambling to a pose.

Country-wise Insights

Why is the Germany Studio Lighting Market Rising at a Fast Pace?

Europe accounts for a significant revenue share in the global studio lights market and is expected to exhibit steady growth in terms of value and volume over the forecast period. Presence of key manufacturers and suppliers in Germany is a factor expected to support the growth of the studio lighting market in the country.

Companies are focusing on increasing their manufacturing capacity and product availability across the country through supply chain management and distribution channels. By upgrading electronic robustness and quality, companies manufacturing studio lighting products are expected to witness significant growth in terms of value, in a comparatively short interval of time.

The Germany studio lighting market is currently estimated at US$ 919.5 million in 2022 and is expected to reach US$ 2.06 billion by the end of 2032.

Why is the United States Studio Lighting Market Highly Attractive?

Studio lightings were already popular in the United States for making videos on social networks such as TikTok and Instagram before coronavirus struck. However, social networks became even more popular during the pandemic as people started seeking new entertainment sources from their homes, and posts containing the hashtag #studiolight have proliferated.

Along with videography, freelancers and gaming & recreational end users became the prime consumers of not only commercial but also home studio lighting systems. Growing trend of reels and videography is driving the growth of the studio lighting market in the U.S.

The United States market for studio lighting is expected to create an absolute dollar opportunity of more than US$ 5.4 billion over the 2022-2032 period.

Category-wise Insights

Why are Ring Studio Lightings Gaining Huge Market Attention?

With the growing popularity of studio lighting, 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 provide a full spectrum of color options and capabilities and are turning out to be the best choice for indoor as well as outdoor shoots.

Ring lights come with a torch, which makes them more feasible and allows the user to take advantage of other handy features such as a timer or sunset and sunrise modes, making them perfect for evening and morning shoots.

The ring lights sub-segment of the studio lighting market is predicted to expand 2.6X and gain 218 BPS by the end of 2032.

Why are Home Studio Lighting Products Gaining Wide Attention?

More homes have now become personal home studios, especially after COVID struck. This necessitates studio lighting for the aesthetic decoration of these studios. After the pandemic emerged, many commercial studios were shifted the home-based studios. Owing to this, home studios are expected to gain a notable market share.

Moreover, home-based video streaming and gaming content creators are likely to account for high home studio lighting sales. Thus, home studio lighting is expected to generate an absolute dollar opportunity of US$ 4.7 billion over the 2022-2032 period.

Why is Usage of LED Studio Lighting Increasing Rapidly?

Dramatic growth of LED technology has paved the way for increased utilization of connected lighting systems. With a foundation of LEDs, studio lights are more easily placed to switch towards connected studio lighting systems.

Moreover, the market has seen tremendous opportunity for energy savings from lighting control strategies, such as demand management, occupancy sensors, and daylighting. From dimming controls and networked on/off to the use of sensors to detect occupancy, these strategies help studio light owners reduce the associated costs and conserve energy.

Conventional lighting solutions are considered old technology and do not have a long lifespan as compared to LED lights. The cons of conventional lighting solutions are that they become hot when used for a long period, may produce a humming sound, and even flicker over time. On the other hand, LED lights don't face this issue and emit small amounts of heat, which is not uncomfortable for makeup applications.

Owing to the aforementioned factors, the market for LED lights is expected to grow more than 2X over the next ten years.

Competitive Landscape

Prominent 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.

Manufacturers are creating lighting themes that incorporate both, traditional and modern lighting systems. Additionally, blends of lighting within the studio create a unique and electric mix of features for a personalized, yet professional and fashionable twist in blogging, shoots, and other uses.

Additionally, professionalism and expertise in designing, planning, and offering diverse studio lighting products are at the backbone of many market players’ marketing strategies.

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

Fact.MR has provided detailed information about the price points of key manufacturers of studio lighting positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Studio Lighting Industry Research

• Studio Lighting Market by Type :

  • Speed Lights
    • Up to 5 Inches
    • 5-10 Inches
  • Continuous
    • 10-20 Inches
    • 20-25 Inches
  • Ring Lights
    • Up to 10 Inches
    • 10-15 Inches
    • 15-20 Inches
    • Above 20 Inches
  • Strobes
    • 20-30 Inches
    • 30-40 Inches
    • Above 40 Inches
  • LED Strips and Tubes
    • 50-100 Inches
    • 100-125 Inches
    • Above 125 Inches

• Studio Lighting Market by End User :

  • Commercial
    • Music Recording
    • Motion Pictures (Cinematography)
    • Professional Photography
    • Videography
  • Home
    • Broadcasting / Streaming
    • Professional Photography
    • Freelancers
    • Videography
    • Gaming and Recreational
    • 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 Point :

  • < US$ 50
  • US$ 50-$150
  • US$ 150-$300
  • US$ 300-$500
  • US$ 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

• Studio Lighting Market by Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • MEA