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Market Survey On Programmable Stage Lighting - Industry Outlook, Growth Prospects and Key Opportunities - Facts and Trends
Market Survey On Programmable Stage Lighting - Industry Outlook, Growth Prospects and Key Opportunities - Facts and Trends
As per the study, the global market for programmable stage lighting, which stood at US$1.19 bn in
2016, is expected to rise at a CAGR of 7.0% during the period from 2018 to 2026 and increase to a
value of US$2.29 bn by the end of the period of the forecast. LED lights have been reporting a higher
demand than any other type of programmable stage light and are expected to continue on the same
path over the next few years. Strip lights have surfaced as the most favored product in this market
and are projected to remain so in the years to come. North America led the global market in 2016
with a share of nearly 50%. Researchers anticipate the regional market to retain its position over the
period of the forecast.
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“The demand for programmable stage lights has increased significantly over the last two decade,
thanks to the rising usage of such lights across the world for music events, stage shows, live in
concerts, premier clubs, conference rooms, bars, theme parks, shops, and architectural
environments,” says an analyst at TMR.
The market is likely to gain remarkably from the significant advancement in the LED technology
over the next few years. The augmenting demand for smart wireless lighting controls is also
expected to contribute positively to the growth of this market in the years to come, report the
market study.
On the other hand, the availability of cheap lighting products, especially in emerging economies,
may limit the growth of the worldwide market for programmable stage lights in the near future.
However, the shift of consumers in these regions towards LED-based programmable stage lighting
is anticipated to normalize the impact of these restraints over the forthcoming years, states the
research report.
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8/11/2021 Market Survey on Programmable Stage Lighting – Industry Outlook, Growth Prospects and Key Opportunities – Facts and Trends
The review is based on a report by Transparency Market Research (TMR), titled “Programmable
Stage Lighting Market (Light Type – Laser Light, LED Light, and Halogen; Product Type –
Moving Head Lights, Strip Lights, and PAR Can Lights; Technology – Bluetooth and Wi-Fi;
Application – Entertainment Places and Theatres) – Global Industry Analysis, Size, Share,
Growth, Trends and Forecast, 2018 – 2026.”
https://factsntrens.wordpress.com/2021/08/10/market-survey-on-programmable-stage-lighting-industry-outlook-growth-prospects-and-key-opportu… 2/2