The Light Meter Market is expected to register a CAGR of over 7.12%, during the forecast period 2018 - 2023.
The convergence of IoT in lighting and the development of wireless light meter technologies have increased the opportunities in the light meter market. Increasing adoption of shaping and manipulation of light in the photography and cinematography industries and government initiatives in standardizing lighting protocols are driving the growth of the light meter market. However, development of smartphone applications and light measuring devices may restrain the growth of the market.
The Photography and Cinematography Application Segment to Register the Highest Growth Rate
The photography and cinematography application segment witnessed a positive growth and occupied a significant share of the market in the recent years, and is estimated to register the highest growth over the forecast period. The passion for photography is increasing especially among youngsters. The increasing per capita disposable income and advertising expenditure in developing countries have driven the growth of the photography industry, which in turn, is expected to aid the growth of the light meter market. The increasing demand for high-quality photography in day and night, by commercial and portrait photographers, has led to the increased use of light meters. As light plays a vital role in capturing the desired photos and videos, light meters aid in recommending the required light levels for capturing a desired portrait or scene. These factors are expected to contribute to the growth of the light meter market, over the forecast period.
Asia-Pacific is Expected to Register the Highest Growth Rate
Asia-Pacific has observed a significant growth in the light meter market in the recent years, and it is expected to register the highest growth, over the forecast period. The region is witnessing a rapid rate of industrialization, which enables the growth of commercial spaces, manufacturing plants, warehouses, clinics, and hospitals. Emerging countries, such as India, China, South Korea, and Japan, have more high-revenue generating film industries, which are adopting high-quality filmmaking techniques. The aforementioned factors are expected to impact the growth of the light meter market positively, over the forecast period.
Key Developments in the Market
- Mar 2018: Sekonic launched, Sekonic Flashmate L-308X-U: The light meter consists has the same features as in L-308S-U and L-308DC-U. It also has some new features, including LCD backlight, aperture (F) priority measurement (in photo mode) and ISO 850, which make the work easier for current day photographers.
Major Players: Konica Minolta Sensing Americas Inc., Sekonic, Testo India Pvt Ltd, Hioki E.E., Kern & Sohn GmbH, Amprobe, B&K Precision Corporation, Line Seiki Co. Ltd, PCE Deutschland GmbH, Lutron Electronic Enterprise Co. Ltd, Martindale Electric Co. Ltd, and Tenmars Electronics Co. Ltd, among others.
Light Meter Market Report Summary
Light Meter Market
The report on the Light Meter Market offers the latest trends, growth prospects, industry competitiveness, major players, industry value chain analysis, regional market share, and forecast until 2023.
Reasons to Purchase this Report
- Impact of growth of the photography and cinematography industries on the global light meter market
- Analysis of various perspectives of the market with the help of Porter’s Five Forces Analysis
- The segments that are expected to dominate the market
- Regional analysis of the market during the forecast period
- Latest developments, market shares, and strategies employed by major market players and key innovators
- 3-month analyst support, along with the Market Estimate sheet (in Excel)
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1.1 Key Deliverables of the Light Meter Market Study
1.2 Light Meter Market Study Assumptions
1.3 Light Meter Market Definition
1.4 Key Findings of the Light Meter Market Study
2. Research Approach and Methodology
3. Executive Summary
4. Light Meter Market Insights
4.1. Light Meter Market Overview
4.2. Industry Value Chain Analysis
4.3. Factors Driving the Light Meter Market
4.3.1. Government Initiatives toward the Standardization of Lighting Protocols
4.4. Factors Restraining the Light Meter Market
4.4.1. Development of Smartphone Applications and Light Measuring Devices to Substitute Light Meters
4.5. Industry Attractiveness – Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Consumers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitute Products or Services
4.5.5. Competitive Rivalry among Existing Competitors
5. Global Light Meter Market - Segmentation
5.1. By Display
5.2. By Type
5.2.1. General Purpose Light Meters
5.2.2. LED Light Meters
5.2.3. UV Light Meters
5.3. By LUX Range
5.3.1. 0 -200K LUX
5.3.2. Above 200K LUX
5.4. By Application
5.3.1. Photography and Cinematography
5.3.2. Commercial Spaces
5.3.3. Manufacturing Plants and Warehouses
5.3.4. Clinics and Hospitals
5.3.5. Other Applications
5.5 By Region
5.5.1. North America
5.5.4. Middle East & Africa
5.5.5. Latin America
6. Competitive Intelligence – Company Profiles
6.1. Konica Minolta Sensing Americas Inc.
6.3. Testo India Pvt Ltd
6.4. Hioki EE
6.5. Kern & Sohn GmbH
6.6. B&K Precision Corporation
6.8. Line Seiki Co. Ltd
6.9. PCE Deutschland GmbH
6.10. Lutron Electronic Enterprise Co. Ltd.
6.11. Martindale Electric Co. Ltd
6.12. Tenmars Electronics Co. Ltd
*List Not Exhaustive
7. Investment Analysis of the Light Meter Market
8. Future of the Global Light Meter Market