Programmable Stage Lighting Market - Advancements in LED Technology to Support Market’s Growth

Nowadays, the usage of programmable stage lighting equipment has increased for music events, stage shows, live in concerts, premier clubs, conference rooms, bars, theme parks, shops, and architectural environments across the world, leading to a tremendous rise in the global market for programmable stage lighting.

In 2016, the market stood at US$1.19 bn. Thanks to the constant technological advancements, it is expected to rise at a CAGR of 7.0% over the period from 2018 to 2026 and increase to a value of US$2.29 bn by 2026.

The global programmable stage lighting market is majorly analyzed on the basis of the type of light, type of product, technology, and the application. Based on the type of light, the market is categorized into laser lights, LED lights, and halogen. The demand for LED lights is relatively greater than other types of lights and the trend is likely to continue in the near future.

On the basis of the type of the product, the market has been classified into moving head lights, strip lights, and PAR can lights. Strip lights surfaced as the leading contributor to this market in 2016 and are expected to remain so over the coming years. Moving head lights are also estimated to report decent growth in the years to come.

Based on technology, the market is segmented into Wi-Fi and Bluetooth. Entertainment places and theatres have emerged as the key application areas of programmable stage lighting. The demand for these lighting solutions is higher in the entertainment places segment. Researchers expect the scenario to remain same over the next few years.

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