Press release
Professional Production LED Lighting Global Market Forecast 2015-2020
ReportsWorldwide has announced the addition of a new report Professional Production LED Lighting Global Market Forecast 2015-2020 to its growing collection of premium market research reports.
This is the ElectroniCast 2015-2020 global forecast of the use of light emitting diode (LED) professional production lighting in television/broadcast, motion pictures and videography.
According to the market forecast report, the global consumption of LED professional lighting lamps/fixtures reached $178 million in 2015. During the forecast period, the value of the LED fixtures with lamps is forecast to increase at an average annual growth rate of 17%, to $390 million in the year 2020.
Market forecast data in the study report refers to consumption (use) for a particular calendar year; therefore, this data is not cumulative data.
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 is the consumption of less electrical power, since LEDs use less energy and also less air conditioning is required since heat generated by LED lights is negligible.
LED production lights in the motion picture/film category is 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.
The worldwide value of LED-based production lighting in the Television/Broadcast segment was $94 million in 2015, compared to $50 million in the Motion Picture category and $34 million in the Videography industry segment. The volume (quantity) of LED-based lighting in the TV/Broadcast industry sector is forecasted to increase at 20% per year (2015-2010)
To view a detailed description and Table of Contents please visit: https://www.reportsworldwide.com/report/professional-production-led-lighting-global-market-forecast-2015-2020
This report provides an independent examination and analysis of the changing market dynamics for the major types of LED-based lighting fixtures, segmented by shape/size:
• Small LED Light
• Square or Rectangle (less than 12 x 12-inch)
• Circular/Ring/Fresnel (less than 12-inch Outer Diameter)
• Large LED Light
• Square or Rectangle (12 x 12-inch and Larger)
• Circular/Ring/Fresnel (12-inch Outer Diameter and Larger)
The market forecast data are presented for the LED light fixture, segmented by the following functions:
• Consumption Value (US$, million)
• Quantity (number/units)
• Average Selling Prices (ASP $, each)
To enquire about this Report please visit @ https://www.reportsworldwide.com/enquiry?report_id=2338
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