Specialty Lighting Market Trends That Will Shape the Next Decade: Insights from Advancements In Specialty Lighting The Rise Of Phosphor-on-Chip Technology

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How Large Will the Specialty Lighting Market Size By 2025?
In recent times, the size of the specialty lighting market has seen robust growth. A rise from $7.12 billion in 2024 to $7.53 billion in 2025 is expected, indicating a compound annual growth rate (CAGR) of 5.8%. Factors contributing to this historic period surge include an impetus on architectural and decorative lighting, a strong inclination towards energy efficiency, amplified demand for superior illumination, heightened awareness of aesthetics and ambiance, and broader applications in healthcare and entertainment sectors.

How Big Is the Specialty Lighting Market Size Expected to Grow by 2029?
The market size of specialty lighting is predicted to witness robust expansion in the coming years, reaching a valuation of $10.2 billion in 2029, with a compound annual growth rate (CAGR) of 7.9%. This projected growth during the forecast period is primarily due to factors such as the use of architectural and decorative lighting, the need for energy-efficient solutions, rising demand for improved illumination, growing consciousness about aesthetics and ambiance, as well as their burgeoning use in healthcare and entertainment industries. Key trends anticipated during the forecast period encompass smart lighting and IoT integration, innovations in architectural lighting, eco-friendly and sustainable lighting, UV and disinfection lighting, as well as adaptable lighting products.

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Which Key Market Drivers Powering Specialty Lighting Market Expansion and Growth?
The growth of the specialty lighting market is anticipated to be driven by the rising number of live music events and concerts. Public performances involving individuals or groups performing music or dance, referred to as live music events and concerts, often rely on specialty lighting to illuminate the artists and provide visual direction, context, and improve the overall environment. For example, as reported by Live Nation Entertainment Inc, a US-based entertainment company, in its 2022 report, their shows saw an attendance of about 33.5 million in the second quarter of 2022, marking a 20% increase from 27 million in 2019. Furthermore, they sold over 100 million tickets in July 2022, indicating a significant rise from 74 million in 2019. Thus, the surge in live events and concerts is boosting the specialty lighting market demand.

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What Long-Term Trends Will Define the Future of the Specialty Lighting Market?
Leading companies in the specialty lighting market are concentrating their efforts on engineering high-power white LEDs using phosphor-on-chip technology. This advancement enhances brightness, boosts color rendering, and elevates energy efficiency across various applications such as automotive, architectural, and industrial lighting. Phosphor-on-chip technology is a novel procedure in LED manufacturing, featuring the direct placement of phosphor material onto the LED chip, bypassing the need for separate components or encapsulation. For example, in October 2023, Luminus Devices Inc, a company based in the US, unveiled the high-power white LED, SST-12. Unlike conventional square emitters, the SST-12's round emitter design yields improved beam spot uniformity resulting in superior brightness and color consistency within the beam. The SST-12 offers a tighter beam angle and extended beam distance, which aligns with the needs of various applications, including handheld lights and architectural illumination. Registering an average efficacy of 116 lumens per watt at 0.35A Tj 85°C (3000K), the SST-12 is crafted as an ideal selection for energy-saving lighting solutions.

What Are the Emerging 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

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Who Are the Global Leaders in the Specialty Lighting Market?
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

Which are the Top Profitable Regional Markets for the Specialty Lighting Industry?
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.

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