Press release
Bi-Color Light Emitting Diode (LED) Ring Light Market on Track for Strong Growth, Estimated to Grow at 6.4% CAGR Through 2029
Bi-Color Light Emitting Diode (LED) Ring Light
What Is the Expected CAGR for the Bi-Color Light Emitting Diode (LED) Ring Light Market Through 2025?
There has been a substantial boost in the market size for bi-color light emitting diode (led) ring light in the past years. The market, which is projected to escalate from $20.79 billion in 2024 to $22 billion in 2025, will witness a compound annual growth rate (CAGR) of 5.8%. Factors contributing to this growth in the historical period include a surge in the use of social media platforms, expansion in consumer demand, increasing need for online video production, emerging trend of teleworking and virtual conferences, and the popularity trend of live streaming and online tutorials.
What's the Projected Size of the Global Bi-Color Light Emitting Diode (LED) Ring Light Market by 2029?
The market size of the bi-color light emitting diode (LED) ring light is set to experience substantial growth in the forthcoming years, projected to reach a value of $28.15 billion by 2029, with a compound annual growth rate (CAGR) of 6.4%. This expected rise during the prediction period is due to an increase in demand for premium photography and videography, an expanding e-commerce sector, the growing prevalence of smart lighting solutions, increasing interest in photography and content production, and a heightened need for convenience and versatility in bi-color light emitting diode (LED) ring lights. Key trends anticipated throughout this period encompass technological progress in LED lighting such as app-controllable and programmable LED ring lights, partnerships with influencers and content developers, product novelty and tailoring, and the inclusion of Artificial Intelligence (AI).
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Top Growth Drivers in the Bi-Color Light Emitting Diode (LED) Ring Light Industry: What's Accelerating the Market?
The increasing interest in photography and videography is predicted to spur the expansion of the bi-color light-emitting diode (LED) ring light market. The sectors of photography and videography revolve around capturing and registering images and videos using cameras and associated tools for different uses, such as artistry, documentation, and communication. This spike in interest can be traced back to building brand identities, demonstrating products and services, boosting search engine optimization and online presence, and conserving time and resources. The bi-color light-emitting diode (LED) ring light offers adjustable color temperature and even illumination, diminishing shadows and enriching skin tones for high-quality photography and videography. For example, in March 2024, Camera Prism, a US firm that focusses on crafting advanced optical devices, reported that in 2022, roughly 1.72 trillion photographs were captured worldwide, averaging about 54,500 pictures every second, or 4.7 billion per day. As a result, the escalating desire for top-tier photography and videography has fueled the expansion of the bi-color light-emitting diode (LED) ring light market.
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Which Emerging Trends Are Transforming the Bi-Color Light Emitting Diode (LED) Ring Light Market in 2025?
Major organizations in the bi-color light-emitting diode (LED) ring light market are converging their efforts towards the creation of innovative products, an example being the bi-color light-emitting diode (LED) spotlights. These spotlights improve lighting experience, provide variable color temperatures, and supplement the versatility necessary for professional photography, videography, and content creation. The bi-color LED spotlight is a handy lighting option with adjustable color temperatures, ideal for professional photo and video-taking. For example, in July 2022, Nanlite, a lighting solution firm based in China, introduced Forza 150B, its bi-color light-emitting diode (LED) spotlight. The Forza 150B has boosted correlated color temperature (CCT) adaptability within a pocket-friendly design, maximum fan control, and a potent output of 23,130 lux at 5600K from a one-meter distance. The CCT assortment of 2700K-6500K suits well for adaptable lighting for live streaming, interviews, and smaller areas. Other notable features include a weight of 1.56kg, an average CRI of 96, an average TLCI of 98, and flexible control preferences such as Bluetooth and DMX/RDM.
What Are the Main Segments in the Bi-Color Light Emitting Diode (LED) Ring Light Market?
The bi-color light emitting diode (led) ring light market covered in this report is segmented -
1) By Type: Less Than 10 Inches, 10 To 18 Inches, Greater Than 18 Inches
2) By Distribution Channel: Wholesalers Or Distributors, Hypermarket Or Supermarkets, Specialty Stores, Home Centers, Department Stores, Independent Electronic Stores, Online Retailers, Other Distribution Channels
3) By Application: Photography, Video Production, Other Applications
Subsegments:
1) By Less Than 10 Inches: Portable Ring Lights, Clip-On Ring Lights, Mini Selfie Ring Lights
2) By 10 To 18 Inches: Standard Ring Lights, Adjustable Brightness Ring Lights, Ring Lights With Tripod Stand
3) By Greater Than 18 Inches: Professional Studio Ring Lights, High-Intensity Ring Lights, Ring Lights With Advanced Color Temperature Control
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Which Top Companies are Driving Growth in the Bi-Color Light Emitting Diode (LED) Ring Light Market?
Major companies operating in the bi-color light emitting diode (LED) ring light market are Ikan Corporation, Elgato Inc., Powerpak, Savage Universal Corporation, Draco Broadcast Inc., K&F Concept, Westcott Co., Falcon Eyes, CAME-TV, Lume Cube Inc., Nanlite SA, GODOX Photo Equipment Co.Ltd., Fovitec (USA) International Inc., Ring Light Pro Pyt Ltd., GVM (Great Video Maker), Yongnuo, Rotolight, ProMaster, LimoStudio, FotodioX Inc.
Which Regions Will Dominate the Bi-Color Light Emitting Diode (LED) Ring Light Market Through 2029?
North America was the largest region in the bi-color light emitting diode (LED) ring light market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bi-color light emitting diode (LED) ring light market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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