Market Research Reports, Inc has added "Professional Production LED Lighting Global Market Forecast 2015-2020" report in their database.
Lewes, DE -- (SBWIRE) -- 06/08/2015 -- MarketResearchReports.com, a leading industry research report distribution platform, today announced the release of a new global market forecast of the use of light emitting diode (LED) professional production lights in Television/Broadcast, Motion Picture, and Videography.
According to the market forecast report, the global consumption of LED professional lighting lamps/fixtures is projected to reach $177.6 million in 2015. During the forecast period, the value of the LED fixtures with lamps is expected to increase to nearly $400 million in the year 2020. Market forecast data in the study report refers to consumption (use) for a particular calendar year; therefore, this data is not cumulative data.
Purchase this report at: Professional Production LED Lighting Global Market Forecast 2015-2020
TV/Broadcast stations worldwide continue to retrofit their studios with LED-based production lights, to improve the picture quality with the new HDTV-based requirements. Also, other benefits of LED lighting versus the incumbent lighting is the consumption of less electrical power, since LEDs use less energy and also less air conditioning is required since heat generated by LED lights is negligible.
LED production lights in the motion picture/film category is driven by requirements for lighting effects and set lighting, mainly because of its flexibility. A single light source can generate a great variety of colors. Additionally, continuous cost/performance improvements driven by technological advancements are driving the LED lighting fixture market from a niche-only solution to a general use solution.
The worldwide value of LED-based production lighting in the Television/Broadcast segment is projected to reach $93.5 million in 2015, compared to $50 million in the Motion Picture category and $34.1 million in the Videography industry segment. "The TV/Broadcast industry sector is continuously challenged with expenditure reduction, due mainly to the decline in advertisement revenue; however, paid subscription-based TV, supplements the television sector in terms of upgrades in lighting," said Stephen Montgomery, principal analyst of LED market research of this report.
"High performance TV/Broadcast cameras require professional-grade lighting to achieve the highest expectations for Slow Motion and High Definition (HD) TV standard-based production; therefore, along with the goal of energy-efficiency, LED-based lighting is proving to be the next-generation winning technology-choice for use in sport arenas and stadiums," analyst added.
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