PUBLISHER: The Business Research Company | PRODUCT CODE: 1656959
PUBLISHER: The Business Research Company | PRODUCT CODE: 1656959
Specialty lighting refers to the illumination of specific shapes, bases, designs, and fixtures with unique built-in characteristics designed to fulfill distinct lighting needs. Due to its specialized features and applications, specialty lighting is employed where standard lighting solutions are not suitable. It finds use in various specific applications such as stage and studio lighting, automotive or marine lighting, medical or scientific lighting, and water or air sanitizing lighting.
The primary types of specialty lighting include surgical and examination lighting. Surgical specialty lighting is utilized in environments like hospitals, medical offices, and surgical centers for both major and minor surgeries. This category encompasses operating lights, operating room lights, surgical lamps, and surgical light heads. Various light sources, including LEDs, incandescent lamps, and others, are applied in specialty lighting solutions catering to entertainment, medical, purification, and other specific purposes.
The specialty lighting market research report is one of a series of new reports from The Business Research Company that provides specialty lighting market statistics, including specialty lighting industry global market size, regional shares, competitors with specialty lighting market share, detailed specialty lighting market segments, market trends and opportunities, and any further data you may need to thrive in the specialty lighting industry. This specialty lighting market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The specialty lighting market size has grown strongly in recent years. It will grow from $7.12 billion in 2024 to $7.65 billion in 2025 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to architectural and decorative lighting, energy efficiency, increased demand for enhanced illumination, growth in awareness of aesthetics and ambiance, expanding applications in healthcare and entertainment.
The specialty lighting market size is expected to see strong growth in the next few years. It will grow to $10.59 billion in 2029 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to architectural and decorative lighting, energy efficiency, increased demand for enhanced illumination, growth in awareness of aesthetics and ambiance, expanding applications in healthcare and entertainment. Major trends in the forecast period include smart lighting and iot integration, architectural lighting innovations, sustainable and eco-friendly lighting, uv and disinfection lighting, customizable lighting products.
The specialty lighting market is poised for growth due to the increasing number of live music events and concerts. These public performances utilize specialty lighting to illuminate stages, enhance visual experiences, and create immersive environments for attendees. The demand for specialty lighting is on the rise, as evidenced by Live Nation Entertainment Inc.'s report in 2022, which indicated a substantial increase in the number of people attending Live Nation shows compared to 2019. This surge in live events and concerts is a significant driver for the specialty lighting market.
Another factor contributing to the growth of the specialty lighting market is the widespread adoption of Light-emitting diodes (LEDs). LEDs, as semiconductor devices emitting light when an electric current is applied, are increasingly preferred for their energy efficiency and customizable lighting solutions. The U.S. Energy Information Administration's projection in October 2021 suggests that LED lighting is expected to dominate commercial lighting needs, reaching up to 95% by 2050. This widespread adoption of LEDs is a key driver for the specialty lighting market.
Major companies in the specialty lighting market are concentrating on developing high-power white LEDs that employ phosphor-on-chip technology to enhance brightness, improve color rendering, and boost energy efficiency, offering versatile lighting solutions for a range of applications, including automotive, architectural, and industrial lighting. Phosphor-on-chip technology refers to an advanced LED manufacturing process in which a phosphor material is applied directly onto the LED chip, rather than being placed on a separate component or encapsulation. For example, in October 2023, Luminus Devices Inc., a US-based company, launched the SST-12, a high-power white LED. Its round emitter design enhances beam spot uniformity compared to traditional square emitters, resulting in improved brightness and color consistency within the beam. The SST-12 features a tighter beam angle and longer beam distance, making it ideal for various applications, such as portable lights and architectural lighting. With a typical efficacy of 116 lumens per watt at 0.35A Tj 85°C (3000K), the SST-12 is positioned as a leading option for energy-efficient lighting solutions.
Major companies in the specialty lighting market are pursuing a strategic partnership approach to drive production and market expansion. Strategic partnerships involve leveraging each other's strengths and resources for mutual benefits. For instance, TTI Inc., a U.S.-based electronic component company, entered into a partnership with Cree LED, a specialty lighting company. This collaboration aims to broaden the companies' channel and customer base, extend their reach into specialty lighting, eMobility, and industrial markets, and offer customers an extensive range of LED solutions.
In October 2023, Excelitas Technologies Corp., a U.S.-based industrial company, acquired Heraeus Noblelight for an undisclosed amount. This acquisition positions Excelitas as a specialist in photonics technology for lighting, optronics, detection, and optical technology needs. Heraeus Noblelight, based in Germany, specializes in developing and manufacturing specialty lamps, emitters, and systems, contributing to Excelitas' portfolio in the specialty lighting market.
Major companies operating in the specialty lighting market include Advanced Specialty Lighting Inc., Brandon Medical Company, Cree Inc., Getinge AB, Herbert Waldmann GmbH & Co. KG, Integra Life Sciences Pvt. Ltd, Osram Licht AG, Signify Holding BV, Ushio America Inc., Xylem Inc., Halma plc, Atlantic Ultraviolet Corporation, LG Electronics Inc., AU Optronics, InVisage Technologies, Nanoco Group plc, Sony Group Corporation, Quantum Materials Corp., Samsung Electronics Co. Ltd., StoreDot Ltd, Philips Lighting, Eterna Lighting Ltd., Acuity Brands Inc., Savant System Inc., Eaton Corporation, Feit Electric Company Inc., Hubbell Incorporated, LSI Industries Inc., Dialight plc., TCP International Holdings Ltd., Cooper Lighting Solutions, Fagerhult Group, Glamox AS, Havells India Ltd., Kenall Manufacturing
North America was the largest region in the specialty lighting market in 2024. Asia-Pacific is expected to be the fastest-growing region in the specialty lighting market share during the forecast period. The regions covered in the specialty lighting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the specialty lighting market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The specialty lighting market consists of sales of tape lights, microlights, LED boards, and RGB controllers. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Specialty Lighting Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on specialty lighting market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for specialty lighting ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The specialty lighting market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.