Global Studio Lighting Products Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Studio Lighting Products Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Studio lighting products are used for photo shoots and videography. The equipment provides a suitable lighting environment to obtain a clear image. Most professional photographers have different light kits they use depending on the situation they find themselves shooting in.

Market Overview:

The latest research study on the global Studio Lighting Products market finds that the global Studio Lighting Products market reached a value of USD 505.85 million in 2022. It’s expected that the market will achieve USD 631.97 million by 2028, exhibiting a CAGR of 3.78% during the forecast period.

Influence of COVID-19 Outbreak on Studio Lighting Products Industry Development

The raging COVID-19 has plunged the global economic environment into depression. The influence of COVID-19 on studio lighting products industry will involve all major links and entities in the industrial chain. The management efficiency of the company declined, commuting was hindered, production plans were hindered, and the company's development strategy and marketing methods were forced to adjust. In addition, the company's production is limited to some extent, and the production of related enterprises in the hardest hit areas is greatly affected. The government has also put forward higher requirements for the production and operation of enterprises.

COVID-19 has a certain impact on the operation of studio lighting products industry, especially on small and medium-sized enterprises. COVID-19 aggravates the shortage of funds for small and medium-sized enterprises and reduces the solvency of companies. Some small and medium-sized enterprises are in trouble or even go bankrupt.

The epidemic may cause some small and medium-sized enterprises to withdraw from the market, thus increasing market concentration. Large enterprises with high anti-risk ability and good ability to cope with epidemic situation will occupy more market share. Some small businesses may be merged and acquired.

Strength

Without time constraints, photographers can fully control the intensity, direction and shape of lights.

Studio Lighting Products can enhance the creativity of photographers and create various types of photography.

Smartphone use has led to an increase in the number of content creators, broadening the addressable user base for lighting solutions compatible with/created for smartphones.

Weakness

Photographers need to know basic lighting knowledge and master equipment.

Competition of homogeneous products in the market.

Opportunities

Increasing affordability and accessibility of new media has escalated the production of short films and the development of photography.

Development of diversified sales channels.

Various technological advancements have been emerging in the lighting solutions space likely to create new growth opportunities, such as more powerful LED technology, 3D imaging and wireless connectivity and software solutions.

Threat

Intense market competition.

Rising labor cost.

The sales of cameras in the market are impacted by products such as smart phones.

Region Overview:

North America had the highest growth rate of all regions.

Company Overview:

The top three companies are Signify NV, Vitec Group plc, Profoto, with the revenue market share of 29.51%, 10.03% and 4.22% in 2021.

Signify NV

Signify NV is a Dutch multinational lighting company, established in 2016 by the spin-off of the Philips lighting division. The company manufactures electric lights and lamps for consumers, professionals and the Internet of Things. In 2018, Philips Lighting changed its name to Signify, although the company still produces lights under the Philips.

Signify is the world leader in lighting for professionals and consumers and lighting for the Internet of Things. Signify Philips products, interact connected lighting systems and data-enabled services, deliver business value and transform life in homes, buildings and public spaces.

Vitec Group plc

Vitec Group plc designs, manufactures and distributes camera supports, camera mounted electronic accessories, robotic camera systems, prompters, LED lights, mobile power, monitors, bags, motion control, smart phone accessories, audio capture and noise reduction equipment.

Segmentation Overview:

As for product types, the Continuous Lighting segment held the largest market share in 2021.

Flash Lighting

Studio flash commonly refers to one or more floor-standing lights that are typically used to illuminate a subject in a studio environment. These will work with the camera so that the light(s) will flash only when required to do so. This is in contrast to continuous lights that are on the whole time.

Continuous Lighting

As its name implies, a continuous light is always on, unlike the fleeting flash of speedlights and studio strobes.

Application Overview:

By application, the Business Users segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Studio Lighting Products market covered in Chapter 3:

GODOX PHOTO EQUIPMENT CO.,LTD.
Gradus Group LLC
Broncolor
Vitec Group plc
Profoto
Aputure
Light & Motion
The Tiffen Company
Kino Flo Lighting Systems
Westcott Lighting
Signify NV
Elinchrom

In Chapter 4 and Chapter 14.2, on the basis of types, the Studio Lighting Products market from 2018 to 2029 is primarily split into:

Flash Lighting
Continuous Lighting

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Studio Lighting Products market from 2018 to 2029 covers:

Personal Users
Business Users

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)