(I-BusinessNews.Com, August 10, 2021 ) The Light Meter Market is forecast to reach $420.1 million by 2026, growing at a CAGR of 6.9% from 2021 to 2026. The Light Meter Market is estimated to witness sustainable growth over the forecast period majorly because of the rapid installation of different light meters at workplaces due to rise in safety concerns. Moreover, with the ongoing governmental regulations in global market for deploying energy-efficient lightings such as LED lightings, which tend to create a major impact in the rapid adoption of LED light meters. These light meters are capable to measure ambient, conventional lights apart from the LED lighting types.
Light meter plays a very important role in various photography and cinematography applications to understand shutter speed. The photography industry offers potential growth for the Light Meter market because of the various benefits it offers. The data provided by a light meter can help a photographer better understand light and this will enhance the quality of pictures taken through analog calculators. These features and various applications offered by Light meters at different sectors is expected to enhance the Light Meter Market in forecast period.
Light Meter Market Segment Analysis – By Type
UV Light Meter has dominated the Light Meter Market with a share of 49.5% in 2020 as compared to other light meters as it is used widely in different industrial sectors and can be used for different operations. A UV light meter measures the light output of UV lamps which are used in Non-Destructive Testing (NDT) and various industrial processes as well as different operations in medical laboratories. In the NDT field, UV Light Meters measure the light output of the UV lamps used in fluorescent magnetic particle inspection, to ensure the lamps meeting the specifications of the relevant codes. UV Light Meters are also used in the Healthcare sector, laboratories often use UV light sterilisation in the fields of virology, DNA research, microbial genetics and more. UV Light Meter consist of separate UV Light probe among which some UV Light meters have an external probe or receptor to enable the user to easily orientate the device towards the light source being measure. These distinctive features tend to enhance the growth of UV Light Meters in global market.
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Light Meter Market Segment Analysis – By End Use Industry
Light Meters are widely used for Photography and Cinematography applications which dominate the market with a share of 51.6% in 2020. In photography, a light meter also termed as exposure meter is used to determine the proper exposure for a photograph. The light meter consists of either a digital or analog calculator which displays the correct shutter speed and number for optimum exposure. The light meter gives a certain lighting situation and film speed as required during the photography session. Similarly, light meters are also used in the fields of cinematography and scenic design. Light meter determines the optimum light level for a scene as per required and provides different measuring feature in cinematography applications. The photography industry offers great potential growth for the light meter market because of its various features as data provided by a light meter can help a photographer better understand light and this will enhance the quality of pictures taken. These distinctive features tend to enhance the growth of Light Meters in Photography and Cinematography sector in global market.
Light Meter Market Segment Analysis – By Geography
Asia-Pacific accounts for being the highest market share at 32.5% in 2020 among all the regions. The market growth in this region is predominantly rising due to leading economies such as China, India, Japan and Others. As Asia-Pacific region holds the largest market for consumer electronics in global market, the technical advancements of different electronics are more efficient than other regions. With the presence of leading Light Meter manufacturers in Asia-Pacific region, the scope for market growth is major in this region. The market in North America is expected to account for second-highest share in terms of revenue in the forecast period. Market in Asia-Pacific is anticipated to register high growth in terms of revenue over the forecast period because China represents huge potential for the Light Meter Market with the rising energy utility and industrial factories in the country.
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Light Meter Market Drivers
Rise in safety concerns at workplace and application at sports fields drives market growth
With the rising safety concerns at different workplace where the light availability is low, light meter plays a very important role. It is very important for the industry in maintaining high-security standards for their workers. They struggle to work in poor lighting every day. This has led to a negative impact on industries productivity and workers health. Thus, to overcome such problems, organizations are moving towards adopting cold-tone lighting for their employees. Such adoptions are expected to drive the Light Meter Market to maintain the ambient lighting needs in the working environment. These adoptions tend to bring a major uplift and is expected to enhance both LED Light meter and UV Light Meter Market growth. Moreover, Light meters offer light measuring feature in sport fields especially in night time. Ongoing developments in measuring light intensity at different illuminance range tend to propel the growth of Light Meter Market.
Increasing demand of Light meters in Photography and Cinematography sector
A light meter is a handheld device that used to read the ambient light in a scene, or the direct light from a light source and calculate the correct shutter speed and aperture values required to capture an accurate exposure. Nowadays, nearly all cameras have built-in light meters and a number of metering modes to calculate exposure settings. A handheld light meter might be used when shooting with older photography equipment or when scouting a location before shooting to plan what lighting equipment will be needed for a photoshoot. These features tend to drive the market growth of UV Light Meter at the global level. With the advancement in Cinematography sector, the requirement for realistic experience by offering 3D imaging and sound it is very important to represent a scene inaccurate light. This can be achieved by application of LED Light meters. This feature uplifts the market growth of Light Meter market.
Light Meter Market Challenges
Innovation of Light measuring apps
One of the major challenges faced by Light Meter Market globally is the ongoing innovations of Light measuring apps. Typically, Light meters are handheld devices which are used to read the ambient light in a scene, or the direct light from a light source and calculate the correct shutter speed and aperture values as required to capture an accurate exposure setting. With the technology advancements and ongoing innovations of smartphones and in-built light measuring professional cameras, the market growth of typical light meters at various sectors has been very low. Latest smartphones and Professional cameras have in-built light measuring application which has brought a major challenge in adoption of Light Meters which is expected to hinder the growth of Light Meter Market in the forecast period.
Light Meter Market Landscape
Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Light Meter Market. The Light Meter Market is dominated by major companies such as Konica Minolta Sensing Americas, FLIR Systems, Sekonic, Testo SE, Hioki, Amprobe, KERN & SOHN, B&K Precision, Line Seiki, PCE Deutschland, Hanna Instruments and ATP Instrumentation.
Acquisitions/Technology Launches/Partnerships
In October 2019, Sekonic Corporation and Industrial Meter Division joined together to launch their new firmware plus a host of other features and functions for SPECTROMASTER C-7000. This latest FREE firmware enhancement addresses the rapid demand for new lighting interpretations metrics and metering applications for industrial lighting.
In August 2019, Sekonic Corporation launched their new firmware for C-800 SPECTROMASTER for the cinematographers and photographers. This recent firmware update shows the CCT, LB and CC properties of a preset when chosen in the ToolBox under the Preset Selection menu.
Key Takeaways
The Light Meter Market is estimated to witness a sustainable growth over the forecast period because of the rapid installation of different light meters at workplaces due to rise in safety concerns.
A major factor responsible for the growth of Light Meter Market is the various features it offers to the photography and cinematography industry such as analog calculators primarily in UV Light Meters.
In addition, due to the ongoing governmental regulations in global market for deploying energy-efficient lightings such as LED lightings, which tend to create a major impact in the rapid adoption of LED light meters in different sectors tend to propel its market growth.
Light meter is installed in every display and photography device in its hardware. It offers auto brightness feature in smartphone’s display or TV’s display or display of any other device.
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