Emerging Specialty Lighting Market Trends: Advancements In Specialty Lighting The Rise Of Phosphor-on-Chip Technology Shaping the Future of the Industry

Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.

Specialty Lighting Market Size Growth Forecast: What to Expect by 2025?
In recent times, there has been notable expansion in the specialty lighting market, with its size set to increase from $7.12 billion in 2024 to $7.65 billion in 2025, marking a compound annual growth rate (CAGR) of 7.5%. This upward trajectory during the historical period can be credited to factors like the rise in architectural and decorative lighting, increased emphasis on energy efficiency, the growing demand for enhanced lighting, a broader appreciation for aesthetics and ambience, and the expansion of its applications in the healthcare and entertainment sectors.

How Will the Specialty Lighting Market Size Evolve and Grow by 2029?
In the coming years, the specialty lighting market is anticipated to experience significant expansion. The market is projected to reach $10.59 billion in valuation by 2029, growing at a compound annual growth rate (CAGR) of 8.5%. The expected growth during this forecasted period can be credited to a variety of factors such as the rise of architectural and decorative lighting, energy efficiency, the increasing demand for improved lighting, a growing awareness of aesthetics and ambiance, and the expansion of applications in the healthcare and entertainment sectors. Key trends that will characterize the forecasted period include the integration of smart lighting and the Internet of Things (IoT), innovations in architectural lighting, sustainable and eco-friendly lighting options, UV and disinfecting lighting, and customizable lighting products.

View the full report here:
https://www.thebusinessresearchcompany.com/report/specialty-lighting-global-market-report

What Drivers Are Propelling the Growth of Specialty Lighting Market Forward?
The specialty lighting market is anticipated to expand as the number of live music events and concerts continues to grow. These events, often constituting public performances featuring individual artists or groups of singers and instrumentalists, heavily rely on specialty lighting. This enhances the ambiance and highlights the performers on stage, guides visually, and gives cues about the performers' location. For instance, Live Nation Entertainment Inc's 2022 report indicates that the attendance at LiveNation shows surged by 20% to 33.5 million in the second quarter of 2022 from 27 million in 2019. Furthermore, ticket sales in July 2022 exceeded 100 million compared to 74 million in 2019. This rise in live events and concerts thus fuels the need for specialty lighting in the market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7332&type=smp

Which Emerging Trends Are Transforming the Specialty Lighting Market in 2025?
Key players in the specialty lighting market are concentrating on the innovation of high-power white LEDs that employ phosphor-on-chip technology to boost brilliance, improve color representation, and promote energy efficiency and versatility in various lighting applications, such as automotive, architectural, and industrial lighting. Phosphor-on-chip technology involves a cutting-edge LED production process where phosphor material is directly applied onto the LED chip, rather than a separate component. For example, in October 2023, Luminus Devices Inc, a firm based in the United States, introduced SST-12, a high-power white LED. Unlike traditional square emitters, the round emitter design enhances beam spot uniformity resulting in better brightness and color consistency. The SST-12, with an optimal efficacy of 116 lumens per watt at 0.35A Tj 85°C (3000K), offers a narrower beam angle and extended beam distance, making it ideal for a variety of applications, including portable and architectural lighting. Hence, SST-12 is emerging as the preferred choice for energy-efficient lighting solutions.

What Are the Key Segments in the Specialty Lighting Market?
The specialty lighting market covered in this report is segmented -

1) By Medical Type: Surgical, Examination
2) By Light Source: LEDs, Incandescent Lamps
3) By Application: Entertainment, Medical, Purification, Other Applications

Subsegments:
1) By Surgical: Overhead Surgical Lights, Mobile Surgical Lights, LED Surgical Lights, Halogen Surgical Lights
2) By Examination: General Examination Lights, LED Examination Lights, Wall-Mounted Examination Lights, Mobile Examination Lights

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=7332&type=smp

Who Are the Key Players Shaping the Specialty Lighting Market's Competitive Landscape?
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

What Geographic Markets Are Powering Growth in the Specialty Lighting Market?
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 include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=7332

This Report Supports:
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.