PUBLISHER: ElectroniCast | PRODUCT CODE: 1517850
PUBLISHER: ElectroniCast | PRODUCT CODE: 1517850
This is the ElectroniCast global review and forecast of the use of light emitting diode (LED) professional production lighting in television/broadcast, motion pictures and videography.
The market data are segmented into the following geographic regions, plus a Global summary; separate datasheets are provided for the U.S.A. and Rest of the American region:
The market data are segmented into the following professional production end-user groups (applications):
The market forecast data are presented for the LED light fixture, segmented by the following functions:
This report provides an independent examination and analysis of the changing market dynamics for the major types of LED-based lighting fixtures, segmented by shape/size:
Below, are five levels (or "food chain") pertaining to the LED marketplace. For the purposes of THIS ElectroniCast study, we quantify and provide a market forecast for Level 5.
According to the market forecast report, the global consumption of LED professional lighting lamps/fixtures reached $570 million in 2023. During the forecast period, the value of LED fixtures with lamps is expected to increase to $807 million in the year 2033. Market forecast data in the study report refers to consumption (use) for a particular calendar year; therefore, this data is not cumulative data.
The worldwide value of LED-based production lighting in the Television/Broadcast segment reached $322.2 million in 2023, compared to $168.8 million in the Motion Picture (film) category and the remainder in the Videography industry segment. The TV/Broadcast industry sector is continuously challenged with expenditure reduction, due mainly to the decline in advertisement revenue; however, paid subscription-based TV, supplements the television sector in terms of upgrades in lighting.
High performance TV/Broadcast cameras require professional-grade lighting to achieve the highest expectations for Slow Motion and High Definition (HD) TV standard-based production; therefore, along with the goal of energy-efficiency, LED-based lighting is proving to be the next-generation winning technology-choice for use in sport arenas and stadiums. TV/Broadcast stations worldwide continue to retrofit their studios with LED-based production lights, to improve the picture quality with the new HDTV-based requirements. Also, other benefits of LED lighting versus the incumbent lighting are the consumption of less electrical power, since LEDs use less energy, and less air conditioning is required since heat generated by LED lights is negligible.
LED production lights in the motion picture/film category are driven by requirements for lighting effects and set lighting, mainly because of its flexibility. A single light source can generate a great variety of colors. Additionally, continuous cost/performance improvements driven by technological advancements are driving the LED lighting fixture market from a niche-only solution to a general use solution.
Individual Streaming Activity included in the Videography Category - Also included in the Videography category are mainly individuals (possibly two) that perform live broadcasts using platforms like Twitch, YouTube, Facebook and many others, with the benefit of income (revenue). As the activities of these Individuals increase, in size, into a larger enterprise (if ever), then their expenditures will transfer into the Broadcast/ Television category.