Light Meter Market : Global Industry Analysis and Forecast (2023-2029)

Light Meter Market was valued at US$ 385.63 Mn. in 2022 and expected to grow at a CAGR of 9.2% during the forecast period (2023-2029). Thanks to the growing trend of solution segment use has boosted demand for Global Light Meter Market.
Light Meter Market Overview:
The light meter is an electronic device used to measure the intensity of light falling on a subject. Light meters are more used in photography and cinematography because they help solve the difficulty of lighting conditions. Two ways of light reading are taken i.e. incident and reflecting. The light falling on a subject is measured by incident reading and is more accurate. The light reflected from the subject is measured by reflective reading and evaluative, center-weighted, and spot metering are the different metering modes available in reflective reading.

Light meters are useful in matching contrast ratio, measuring each specific light, checking for highlights and shadows, and records colors and values accurately. As a result of these benefits, the light meter market is expected to reach US$ 598.82 Mn. during the forecast period.To know about the Research Methodology :- Request Free Sample Report
Light Meter Market Dynamics:
The growing film industry, development of smartphones, use for agricultural purposes, increasing new generation passion toward photography are the major factors attributing to the growth of the light meter market. In 2022, according to the “UNESCO Institute for Statistics” data more than 40000 movies were released in the world. Technological development in mobile application and advancement in LED technology are adding an advantage to the market growth.

The growing advertisement industry, internet users, pre-wedding photography, and wildlife photography are boosting the growth of the light meter market. According to the IAMAI report “Advertising-based video on demand (Avoid) is expected to touch US$ 2.6 Bn by 2025. And in 2022, the global advertising industry stood at US$ 641 Bn. These factors are expected to drive market growth.

Increasing photography and video coverage in sports activities like cricket, football, and athletics, raising news media, and increasing social media usage fueling the growth of the light meter market. Development of new technology like built-in center-weight light meters, UV light meters, and wireless light meter technology are boosting the growth of the market.

Some of the factors affecting the growth of the light meter market are increased innovations are adding pricing pressure on manufacturers, high cost and time consuming due to lower calibration, increasing competitors, availability of cheaper light meter and lower precision are the main reasons slowing the market growth.
Light Meter Market Segment Analysis:
Based on Type Segment, The Light Meter market is sub-segmented into general-purpose light meters and LED light meters and UV light meters. The LED light meters segment dominates the global market and it held a share of 55 % in 2022. Because of increasing government regulations to use energy-efficient light meters, availability of built-in sensors with protective cover, cosine and corrected measurements, efficient operation, and high-quality illumination are the major feature supporting the growth of the LED segment in the global market.

Based on Application Segment, the Light Meter market is sub-segmented into Photography and Cinematography, manufacturing plants, and hospitals. The photography and cinematography segment dominates the global market and was valued at US$ 6.8 Mn. in 2022. The light meter helps in capturing the perfect image tone, measures 3 points of the shots like darkest, brightest, and middle tone in landscape photography, fast and easy to use and built-in wireless triggering, etc. are the features driving the growth of the light meter market. In manufacturing plants, light meters are used to maintain the light levels in office areas. Because of limited features, it has less low growth in the market.

Based on LUX range Segment, the Light Meter market is sub-segmented into 0-200K LUX and above 200K LUX. The 0-200K LUX segment dominates the market and it held a share of 50% in 2022. It is helpful to measure stationary position lighting condition, for intermittent use with visual tasks like staff change room, locker rooms, loading bays, and its use in simple workplace waiting room and staff canteen etc. these are the features driving the growth of 0-200K LUX segment in the market.
Light Meter Market Regional Insights:
Asia-Pacific is the dominating region in the Light Meter market. Growing population, increasing spending rate, increasing attraction toward the photo shoots of youths, and the fastest-growing film industry are the major drivers of the light meter market in this region. The Indian film industry was valued at US$ 3.7 Bn in 2022 and is expected to grow at a CAGR of 10% during the forecast period and the FT3425, Bluetooth wireless technology for faster measurement was developed by japan based company Hoiki and the development of new technology “Edge AI” in measuring the light meter. These are some recent developments expected to boost the global market positively.

North America is the second dominating region in the light meter market. The presence of global key players, use of advanced technology in cinematography, increased disposable income, and government initiatives are the factors driving the growth of the light meter market in this region. CS150 and CS160 Chroma meters and LS150 & LS160 luminance meters launched by “KONICA MINALTA” for accurate and easy use of light meters and development of UV150 to measure UV radiation by “Extech Instruments are expected to add an advantage to the growth of the market in this region.

The objective of the report is to present a comprehensive analysis of the global market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the market dynamics, structure by analyzing the market segments and projecting the  market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Light Meter make the report investor’s guide.
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Light Meter Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $  385.63 Mn.


Forecast Period 2023 to 2029 CAGR:
9.2 %
Market Size in 2029:
US $ 714.06 Mn.


 Segments Covered:
by Type
General purpose light meters
LED light meter
UV light meter


by Application
Photography and Cinematography
Manufacturing plants
Hospitals


by LUX Range
0-200K LUX
Above 200K LUX



Light Meter Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Light Meter Market, Key Players are
1. Konica Minolta Sensing Americas
2. FLIR Systems
3. Sekonic
4. Testo SE
5. Hioki
6. Amprobe
7. KERN & SOHN
8. B&K Precision
9. Line Seiki
10. PCE Deutschland
11. Hanna Instruments
12. Lutron Electronics
13. Kyoritsu Electrical Instruments Works
14. Martindale Electric
15. TQC B. V
16. KIMO Instruments
Frequently Asked Questions:
1. Which region has the largest share in Market?
Ans: Asia-Pacific held the largest share in 2022.

2. What is the growth rate of the Market?
Ans: The Market is growing at a CAGR of 9.2 % during the forecasting period 2023-2029.

3. What segments are covered in  Market?
Ans:  Market is segmented into type, application and LUX range.

4. Who are the key players in  Market?
Ans: Konica Minolta Sensing Americas , FLIR Systems, Sekonic , Testo SE, Hioki , Amprobe , KERN & SOHN, B&K Precision, Line Seiki, PCE Deutschland, Hanna Instruments, Lutron Electronics, Kyoritsu Electrical Instruments Works, Martindale Electric, TQC B. V, and KIMO Instruments

5. What is the study period of this Market?
Ans: The Market is studied from 2022 to 2029.