PUBLISHER: The Business Research Company | PRODUCT CODE: 1702919
PUBLISHER: The Business Research Company | PRODUCT CODE: 1702919
A bi-color LED ring light is a lighting device that features an array of LEDs arranged in a circular pattern. It offers adjustable illumination with two color temperature options, allowing users to tailor the lighting to different needs, such as achieving natural skin tones in photography or minimizing shadows in video recording.
The primary types of bi-color LED ring lights are categorized by size such as less than 10 inches, 10 to 18 inches, and greater than 18 inches. Lights greater than 18 inches are designed to provide soft, even lighting over a large surface, making them suitable for professional studio setups, extensive video productions, and situations requiring high-quality, adjustable lighting over a wide area. These lights are distributed through various channels, including wholesalers or distributors, hypermarkets or supermarkets, specialty stores, home centers, department stores, independent electronic stores, online retailers, and others. They are used in a range of applications, such as photography, video production, and more.
The bi-color light emitting diode (LED) ring light market research report is one of a series of new reports from The Business Research Company that provides bi-color light emitting diode (LED) ring light market statistics, including bi-color light emitting diode (LED) ring light industry global market size, regional shares, competitors with a bi-color light emitting diode (LED) ring light market share, detailed bi-color light emitting diode (LED) ring light market segments, market trends, and opportunities, and any further data you may need to thrive in the bi-color light emitting diode (LED) ring light industry. This bi-color light emitting diode (LED) ring market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The bi-color light emitting diode (LED) ring light market size has grown strongly in recent years. It will grow from $20.79 billion in 2024 to $22.19 billion in 2025 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to increasing popularity of social media platforms, increasing consumer demand, growing demand for online video creation, rising popularity of remote work and virtual meetings, and increasing trends in live streaming and online tutorials.
The bi-color light emitting diode (LED) ring light market size is expected to see strong growth in the next few years. It will grow to $28.66 billion in 2029 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to growing demand for high-quality photography and videography, growing e-commerce industry, rising adoption of smart lighting solutions, growing interest in photography and content creation, and rising demand for versatility and ease of use bi-color light emitting diode (LED) ring light. Major trends in the forecast period include technological advancements in light emitting diode (LED) lighting, including app-controlled and programmable light emitting diode (LED) ring lights, collaborations with influencers and content creators, product innovation and customization, and integrating Artificial Intelligence (AI).
The increasing demand for photography and videography is expected to drive the growth of the bi-color light-emitting diode (LED) ring light market in the future. Photography and videography involve capturing and recording images and videos using cameras and related equipment for various purposes, including art, documentation, and communication. This growing demand is driven by the need to build brand identity and credibility, showcase products and services, improve search engine optimization and online presence, and save time and resources. The bi-color LED ring light offers adjustable color temperatures and uniform lighting, which helps minimize shadows and enhance skin tones for superior photography and videography. For instance, in March 2024, Camera Prism, a U.S.-based company specializing in advanced optical devices, reported that approximately 1.72 trillion photos were taken globally in 2022, averaging around 54,500 pictures per second or 4.7 billion per day. Consequently, the increasing demand for high-quality photography and videography is fueling the growth of the bi-color LED ring light market.
Leading companies in the bi-color LED ring light market are focusing on developing innovative products, such as bi-color LED spotlights, that enhance lighting quality, offer adjustable color temperatures, and improve overall versatility for professional photography, videography, and content creation applications. A bi-color LED spotlight is a versatile lighting solution with adjustable color temperatures, making it ideal for professional use. For example, in July 2022, Nanlite, a China-based company specializing in lighting solutions, launched the Forza 150B, a bi-color LED spotlight. The Forza 150B offers enhanced correlated color temperature (CCT) flexibility within a compact design, featuring optimal fan control and a powerful output of 23,130 lux at 5600K from one meter. Its CCT range of 2700K-6500K makes it suitable for on-the-go lighting, live streaming, interviews, and small spaces. Key features include a weight of 1.56kg, a CRI average of 96, a TLCI average of 98, and versatile control options, including Bluetooth and DMX/RDM.
The growing adoption of remote working is expected to drive the growth of the bi-color light-emitting diode (LED) ring light market. Remote working refers to a setup where employees carry out their job tasks from a location outside the conventional office, typically from home, utilizing digital tools and communication platforms to remain connected with their team and employer. This trend is driven by advancements in digital technologies, flexible work policies, and a growing demand for better work-life balance. Bi-color LED ring lights support remote work by offering adjustable, even lighting that enhances video quality during virtual meetings or presentations, improving visibility and reducing shadows for a more professional look. For example, in September 2023, the Bureau of Labor Statistics, a U.S. government agency, reported that the percentage of people working remotely or teleworking for pay ranged from 17.9% in October 2022 to a peak of 20.0% in March 2023. Thus, the increasing adoption of remote working is fueling the growth of the bi-color LED ring light market.
Major companies operating in the bi-color light emitting diode (LED) ring light market are Ikan Corporation, Elgato Inc., Powerpak, Savage Universal Corporation, Draco Broadcast Inc., K&F Concept, Westcott Co., Falcon Eyes, CAME-TV, Lume Cube Inc., Nanlite SA, GODOX Photo Equipment Co.Ltd., Fovitec (USA) International Inc., Ring Light Pro Pyt Ltd., GVM (Great Video Maker), Yongnuo, Rotolight, ProMaster, LimoStudio, FotodioX Inc.
North America was the largest region in the bi-color light emitting diode (LED) ring light market in 2024. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bi-color light emitting diode (LED) ring light market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the bi-color light emitting diode (LED) ring light market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The bi-color light emitting diode (LED) ring light market consists of sales of dimmable light emitting diode(LED) ring lights, portable lights, and studio-grade lights. 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.
Bi-Color Light Emitting Diode (LED) Ring Light 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 bi-color light emitting diode (led) ring light 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 bi-color light emitting diode (led) ring light ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The bi-color light emitting diode (led) ring light 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.