Studio Lighting Market

Studio Lighting Market Outlook (2024 to 2034)

As per a detailed report released by Fact.MR, the global studio lighting market is projected to reach US$ 18.4 billion in 2024. Over the assessment period from 2024 to 2034, the market has been calculated to expand at a compound annual growth rate (CAGR) of 8.6%, resulting in a size of US$ 41.99 billion by 2034.

With the rising trend of international décor and interior design, several property owners are ensuring the appearance of their places is top-notch. This also encompasses things such as aesthetics and the functionality of areas in houses and workplaces. As such, studio decoration is coming up as one of the key aspects where several property owners are willing to spend more money.

The growing use of studio lighting as one of the crucial objects for ideal decorative showpieces is generating remunerative opportunities for studio lighting market players. Compared to conventional lights, studio lighting enables end users to control the brightness and adjust controls over lighting situations. Subsequently, more consumers are opting for products used to showcase their creativity, making the most of these items as an ideal form of decorative pieces.

The rising use of studio lights in the videography & freelancer industry is having a positive impact on the studio lighting market growth. Moreover, an increase in the use of studio lights for professional photography in gaming & recreational activities and commercial end usage is creating growth prospects for global market players.

• Worldwide demand for LED studio lighting is evaluated to accelerate at an 8.9% CAGR and reach a value of US$ 27.71 billion by the end of 2034.
• Sales of studio lighting in South Korea are forecast to rise at a 10.4% CAGR through 2034.
• East Asia is forecast to account for a 25% share of the global market by 2034.

Report Attribute	Detail
Studio Lighting Market Size (2024E)	US$ 18.4 Billion
Forecasted Market Value (2034F)	US$ 41.99 Billion
Global Market Growth Rate (2024 to 2034)	8.6% CAGR
Market Share of Offline Sales Channels (2034F)	80%
Japan Market Growth Rate (2024 to 2034)	10.2% CAGR
North America Market Share (2034F)	35%
Key Companies Profiled	Ikan Corporation; Apurture Imaging Industries CO. LTD; Westcott Co.; ARRI AG; Tolifo; Bescor Video Accessories Ltd.; Stellar Lighting Systems; Broncolor; Rotolight Group LTD; Digital Sputnik; Profoto AB; Elinchrom’s D-Lite; Photogenic Lighting; Fovitec (USA) International, Inc.; GODOX.

What’s Bloating the Global Studio Lighting Market Size?

“Burgeoning Trend of Social Media Widening Application Scope of Studio Lights”

The market for smart equipment is expanding significantly due to the rising use of smartphones and the expansion of social networking platforms. A noteworthy increase in the number of internet users around the world is driving demand for smart and multifunctional products. Studio lighting are adding to a super-modern vibe and enriching experience to studios, be it music, gaming, or just general entertainment.

Music studio owners, as well as videography owners, are embracing these lighting systems. Thereby, market players are offering more diversified lighting solutions to attract a larger base of end users.

“Online Stores and Discount Offers Complementing Sales Growth”

Growing preference for digital marketing practices is pushing supply-side participants to enhance their relations by entering into strategic partnerships with online retailers. Market players ensure the wide availability of studio lighting products to mass end users not only at physical stores but also at e-commerce platforms. They are entering into strategic collaborations with several e-commerce platforms, such as Alibaba, Flipkart, Walmart, Amazon, and others to gain a wider reach through offered discounts and cater to consumer requirements through a digital base.

Online shopping provides flexibility and convenience in selecting desired lighting from available options. In addition, product variability and discounts are attracting a larger consumer base, which further positively influences studio lighting market trends.

What Issue Do Studio Lighting Manufacturers Need to Solve?

“High Prices of Studio Lights Compressing Consumer Base”

One of the key shortcomings of studio lighting is its higher cost. This lighting equipment along with related accessories is available for higher price tags, which sometimes limits its adoption among end users.

How are New Companies Establishing a Strong Foothold in This Dynamic Industry?

“Offering Multi-functional Studio Lighting with Advanced Technology”

New market players are putting efforts into offering studio lights with some unique characteristics and features. They are coming up with several features, such as long service life, portable shape and size, lightweight design, and dimming settings. In addition, extra-long power cords, brightness adjustment, low heat output, and color temperature adjustment are some other features making studio lights more adaptable and versatile for different situations.

Moreover, Bluetooth-operated lighting solutions are helping end users to take and film photos from a longer distance without any concerns about putting a photo-capturing device or mobile on a timer or scrambling poses.

Country-wise Insights

North America is expected to possess a share of 35% of the global market by the end of 2034, according to a recently updated report by Fact.MR, a market research and competitive intelligence provider. Market players in the region are coming up with smart studio lighting with some of the latest technologies, such as Bluetooth operation, thereby encouraging their demand.

Why are Studio Lighting Manufacturers Readily Investing in the United States?

“High Popularity of Studio Lights among Gaming and Recreational End Users”

Attribute	United States
Market Value (2024E)	US$ 5.03 Billion
Growth Rate (2024 to 2034)	7.4% CAGR
Projected Value (2034F)	US$ 10.29 Billion

The United States is calculated to occupy a 70% share of the North American market by the end of 2034. The growing popularity of several social networks, such as Instagram and others is driving demand for studio lighting as posts with the hashtag #studiolight are proliferating. Gaming & recreational end users, freelancers, and videographers are becoming prominent consumers of studio and commercial lighting systems.

Why are Sales of Studio Lighting Soaring in China?

“Growing Popularity of Studio Lighting in Commercial and Residential Areas”

Attribute	China
Market Value (2024E)	US$ 1.98 Billion
Growth Rate (2024 to 2034)	9.7% CAGR
Projected Value (2034F)	US$ 4.99 Billion

China is estimated to contribute a share of 47.5% of the market in East Asia by 2034. There is an increased demand for studio lights in residential as well as commercial areas for their ability to offer more control and versatility. The greater power output of these lights and temperature control features make them a popular option used in photography or videography.

Why are Studio Lightings So Popular in Japan?

“Rapid Expansion of Gaming Industry in the Country”

Attribute	Japan
Market Value (2024E)	US$ 1.17 Billion
Growth Rate (2024 to 2034)	10.2% CAGR
Projected Value (2034F)	US$ 3.09 Billion

Japan is analyzed to hold 29.4% share of East Asian market revenue by the end of 2034. The gaming industry in the country is expanding at a noteworthy pace, which is further generating demand for studio lighting. These lights offer creative freedom, consistency, a better image, and video qualities with a professional look for better gameplay.

Category-wise Insights

Increased worldwide demand for ring lights is attributed to the growing preference for different colored lighting solutions. Therefore, more manufacturers are coming up with new ring lights to set the right mood bringing a rainbow into the studio. These lights are comparatively easy to use and offer a wide color spectrum and capabilities making them a preferred choice for outdoor as well as indoor shoots.

Which Studio Lighting Source is in High Demand?

“Surging Preference for LED Lights for Their Energy-saving Features”

Attribute	LED Lights
Segment Value (2024E)	US$ 11.78 Billion
Growth Rate (2024 to 2034)	8.9% CAGR
Projected Value (2034F)	US$ 27.71 Billion

LED lights are forecast to capture 66% of global market share by the end of 2034. The increasing demand for LED lights is attributed to their energy-saving features. Networked on/off and dimming controls are some of the key features responsible for the increased demand for LED studio lighting. The longer lifespan of these lights compared to conventional lights is increasing their popularity.

Which Sales Channel is Widely Preferred for Purchasing Studio Lights?

“Offline Channels Preferred for Providing Personalized Solutions”

Attribute	Offline Channels
Segment Value (2024E)	US$ 15.64 Billion
Growth Rate (2024 to 2034)	7.9% CAGR
Projected Value (2034F)	US$ 33.59 Billion

Offline sales channels are projected to account for 80% of the studio lighting market share by 2034. The prominence of these conventional sales channels is attributed to their ability to offer personalized customer interactions, thereby providing opportunities for building personal relationships with their customers and ensuring customized assistance in studio lighting.

Competitive Landscape

Some of the key players in the studio lighting industry are actively working with expertise and professionalism in planning, designing, and offering a diverse range of lighting products.

For instance:

• ARRI, in August 2021, launched a platform called 'Lightnet Software' for managing broadcast studio lighting. A software framework is developed for enabling remote monitoring, administration of broadcast networks used for studio lighting, and fault-finding with logic and smartness.
• Aputure announced the launch of a new flagship light, named the NOVA 300c. Several advanced features, such as effects, RCB, and gels are included in this bright fixture.

Fact.MR provides detailed information about the price points of key manufacturers of studio lighting positioned across the world, sales growth, production capacity, and speculative technological expansion, in this recently updated market report.

Segmentation of Studio Lighting Market Research

• By Type :

  • Speed Lights
    • Up to 5 Inches
    • 5 to 10 Inches
  • Continuous
    • 10 to 20 Inches
    • 20.1 to 25 Inches
  • Ring Lights
    • Up to 10 Inches
    • 10.1 to 15 Inches
    • 15.1 to 20 Inches
    • Above 20 Inches
  • Strobes
    • 20 to 30 Inches
    • 30.1 to 40 Inches
    • Above 40 Inches
  • LED Strips & Tubes
    • 50 to 100 Inches
    • 100.1 to 125 Inches
    • Above 125 Inches

• By Intensity :

  • Less than 100 Lumens
  • 101 to 200 Lumens
  • 201 to 400 Lumens
  • Above 400 Lumens

• By Price Point :

  •  
  • US$ 50 to $150
  • US$ 151 to $300
  • US$ 301 to $500
  • Above US$ 500

• By Source :

  • LED Studio Lighting
  • Halogen Studio Lighting

• By Sales Channel :

  • Online
    • Company-owned Platforms
    • e-Commerce Platforms
  • Offline
    • Authorized Distributors
    • Supermarkets/Hypermarkets
    • Specialty Stores

• By End User :

  • Commercial
    • Music Recording
    • Motion Pictures (Cinematography)
    • Videography
    • Professional Photography
  • Home
    • Broadcasting/Streaming
    • Freelances
    • Professional Photography
    • Videography
    • Gaming & Recreational
    • Other Content Creators

• By Region :

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • East Asia
  • South Asia & Pacific
  • MEA