Specialty Lighting Trends and Forecast
The future of the global specialty lighting market looks promising with opportunities in the entertainment, medical, and purification markets. The global specialty lighting market is expected to reach an estimated $8.3 billion by 2030 with a CAGR of 6.2% from 2024 to 2030. The major drivers for this market are stringent government mandates for air, water, and surface sanitization, growing frequency of live music gatherings and concerts, and expanding utilization of surgical lighting in diverse surgical procedures, both minor and major.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Specialty Lighting by Segment
The study includes a forecast for the global specialty lighting by medical type, light type, application, and region.
Specialty Lighting Market by Medical Type [Shipment Analysis by Value from 2018 to 2030]:
• Surgical
• Examination
Specialty Lighting Market by Light Type [Shipment Analysis by Value from 2018 to 2030]:
• LED
• Others
Specialty Lighting Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Entertainment
• Medical
• Purification
• Others
Specialty Lighting Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Specialty Lighting Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies specialty lighting companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the specialty lighting companies profiled in this report include-
• Signify
• Osram
• Smart Global Holdings
• Ushio
• Advanced Specialty Lighting
• Herbert Waldmann
• Getinge
• Brandon Medical
• Integra Lifesciences
• American Ultraviolet
Specialty Lighting Market Insights
Lucintel forecasts that surgical is expected to witness highest growth over the forecast period due to its better visibility during minor and major surgeries.
Within this market, entertainment will remain the largest segment due to its high dependance on various types of lighting for cinematography and photography.
Asia Pacific is expected to witness highest growth over the forecast period due to increasing use of customized lighting in a number of sectors.
Features of the Global Specialty Lighting Market
Market Size Estimates: Specialty lighting market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Specialty lighting market size by various segments, such as by medical type, light type, application, and region in terms of value ($B).
Regional Analysis: Specialty lighting market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different medical type, light type, application, and regionfor the specialty lighting market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the specialty lighting market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the specialty lighting market size?
Answer: The global specialty lighting market is expected to reach an estimated $8.3 billion by 2030.
Q.2 What is the growth forecast for specialty lighting market?
Answer: The global specialty lighting market is expected to grow with a CAGR of 6.2% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the specialty lighting market?
Answer: The major drivers for this market are stringent government mandates for air, water, and surface sanitization, growing frequency of live music gatherings and concerts, and expanding utilization of surgical lighting in diverse surgical procedures, both minor and major .
Q4. What are the major segments for specialty lighting market?
Answer: The future of the specialty lighting market looks promising with opportunities in the entertainment, medical, and purification markets.
Q5. Who are the key specialty lighting market companies?
Answer: Some of the key specialty lighting companies are as follows:
• Signify
• OSRAM
• SMART Global Holdings
• Ushio
• Advanced Specialty Lighting
• Herbert Waldmann
• Getinge
• Brandon Medical
• Integra Lifesciences
• American Ultraviolet
Q6. Which specialty lighting market segment will be the largest in future?
Answer: Lucintel forecasts that surgical is expected to witness highest growth over the forecast period due to its better visibility during minor and major surgeries.
Q7. In specialty lighting market, which region is expected to be the largest in next 5 years?
Answer: Asia Pacific is expected to witness highest growth over the forecast period due to increasing use of customized lighting in a number of sectors.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the specialty lighting market by medical type (surgical and examination), light type (LED and others), application (entertainment, medical, purification, and others)and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Specialty Lighting Market, Specialty Lighting Market Size, Specialty Lighting Market Growth, Specialty Lighting Market Analysis, Specialty Lighting Market Report, Specialty Lighting Market Share, Specialty Lighting Market Trends, Specialty Lighting Market Forecast, Specialty Lighting Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.