What is LED Follow Light Market?
In today’s time LED lights are becoming more popular in various lighting applications as it consumes less power, improve longevity, and offers superior lighting quality compared to regular lights. Further, the follow light users are shifting towards the adoption of LED follow lights due to their high focus and beam quality. The increasing number of music concerts and other entertainment events across the globe have accelerated the growth of LED follow lights.
The market study is being classified by Type (Multi-Colored and White), by Application (Personal Use, Entertainment Places, Stages & Shows, Schools, Clubs and Others) and major geographies with country level break-up.
Ushio, Inc. (Japan), VanGaa Lighting (China), CHAUVET DJ (United States), AtiPro (India), Anoralux Corp. (India), Skystar Lighting Limited (China), Robert Juliat (France), Altman Lighting (United States), Leksa Lighting (India), XMLITE (China) and ADJ Products, LLC (United States) are some of the key players profiled in the study.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new product launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global LED Follow Light market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global LED Follow Light market by Type, Application and Region.
On the basis of geography, the market of LED Follow Light has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Use of LED Follow Lights in the Events and Concerts to Focus with Bright Beam or Highlighting
- High Adoption of LED Follow Spot Lights with Multiple Colors+White by the End-Users
Market Trend
- Increased Focus on the Development of LED Follow Lights with High Lumens & CRI
- Emerging Trend of LED Follow Light that Can Throw Light to Long Distance
Restraints
- High Cost of LED Follow Spots That Consists Multiple Functions and Features
Opportunities
- Surging Demand of LED Flow Lights for Illumination of Residential Buildings or Other Architectures
Challenges
- Presence of Multiple Vendors in the Global Market Can Create Challenges
In 2019, Ushio America, Inc. announced the launch of a new lightweight and portable medium-throw LED follow spot, Sai-500 for the application in schools, houses of worship, ballroom, and medium-sized theatrical venues. The newly launched Sai-500 consists of 440W LED that produces high quality and powerful daylight white beam and CRI that matches the color quality of xenon as well as comes with the same design, features, and functionalities of xenon.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, LED Follow Light Manufacturers, Suppliers and Distributors, Raw Material Providers, Venture Capitalists and Private Equity Firms and Others
Frequently Asked Questions (FAQ):
1. Which factors would majorly drive the LED Follow Light Market?
"Increasing Use of LED Follow Lights in the Events and Concerts to Focus with Bright Beam or Highlighting
" is seen as one of major growth factors of LED Follow Light Market in years to come.
2. Can we have customized study for LED Follow Light Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. Which region will lead the Global LED Follow Light Market?
United States will lead LED Follow Light Market in coming years.