This Bi-Color Light Emitting Diode (LED) Ring Light industry report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
The bi-color light emitting diode (LED) ring light market size has grown strongly in recent years. It will grow from $19.53 billion in 2023 to $20.79 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth during the historic period can be attributed to the rising popularity of social media platforms, increasing consumer demand, growing interest in online video creation, the expanding trend of remote work and virtual meetings, and the increasing prevalence of live streaming and online tutorials.
The bi-color light emitting diode (LED) ring light market size is expected to see strong growth in the next few years. It will grow to $26.91 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to the increasing demand for high-quality photography and videography, the expanding e-commerce industry, the rising adoption of smart lighting solutions, growing interest in photography and content creation, and the demand for versatile and user-friendly bi-color LED ring lights. Key trends during this period include technological advancements in LED lighting, such as app-controlled and programmable LED ring lights, collaborations with influencers and content creators, product innovation and customization, and the integration of artificial intelligence (AI).
The increasing demand for photography and videography is expected to drive the growth of the bi-color light-emitting diode (LED) ring light market in the future. Photography and videography involve capturing and recording images and videos using cameras and related equipment for various purposes, including art, documentation, and communication. This growing demand is driven by the need to build brand identity and credibility, showcase products and services, improve search engine optimization and online presence, and save time and resources. The bi-color LED ring light offers adjustable color temperatures and uniform lighting, which helps minimize shadows and enhance skin tones for superior photography and videography. For instance, in March 2024, Camera Prism, a U.S.-based company specializing in advanced optical devices, reported that approximately 1.72 trillion photos were taken globally in 2022, averaging around 54,500 pictures per second or 4.7 billion per day. Consequently, the increasing demand for high-quality photography and videography is fueling the growth of the bi-color LED ring light market.
Leading companies in the bi-color LED ring light market are focusing on developing innovative products, such as bi-color LED spotlights, that enhance lighting quality, offer adjustable color temperatures, and improve overall versatility for professional photography, videography, and content creation applications. A bi-color LED spotlight is a versatile lighting solution with adjustable color temperatures, making it ideal for professional use. For example, in July 2022, Nanlite, a China-based company specializing in lighting solutions, launched the Forza 150B, a bi-color LED spotlight. The Forza 150B offers enhanced correlated color temperature (CCT) flexibility within a compact design, featuring optimal fan control and a powerful output of 23,130 lux at 5600K from one meter. Its CCT range of 2700K-6500K makes it suitable for on-the-go lighting, live streaming, interviews, and small spaces. Key features include a weight of 1.56kg, a CRI average of 96, a TLCI average of 98, and versatile control options, including Bluetooth and DMX/RDM.
In November 2021, Vitec Group plc, a UK-based company that manufactures hardware and software for the film industry, acquired Savage Universal Corporation for $57.3 million. This acquisition aimed to enhance Vitec’s competitive position by adding a well-respected brand to its portfolio and improving its ability to compete with other major players in the industry. Savage Universal Corporation is a U.S.-based company that manufactures bi-color LED ring lights.
Major companies operating in the bi-color light emitting diode (LED) ring light market are Ikan Corporation, Elgato Inc., Powerpak, Savage Universal Corporation, Draco Broadcast Inc., K&F Concept, Westcott Co., Falcon Eyes, CAME-TV, Lume Cube Inc., Nanlite SA, GODOX Photo Equipment Co.Ltd., Fovitec (USA) International Inc., Ring Light Pro Pyt Ltd., GVM (Great Video Maker), Yongnuo, Rotolight, ProMaster, LimoStudio, FotodioX Inc.
North America was the largest region in the bi-color light emitting diode (LED) ring light market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bi-color light emitting diode (LED) ring light market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the bi-color light emitting diode (LED) ring light market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
A bi-color LED ring light is a lighting device that features an array of LEDs arranged in a circular pattern. It offers adjustable illumination with two color temperature options, allowing users to tailor the lighting to different needs, such as achieving natural skin tones in photography or minimizing shadows in video recording.
The primary types of bi-color LED ring lights are categorized by size such as less than 10 inches, 10 to 18 inches, and greater than 18 inches. Lights greater than 18 inches are designed to provide soft, even lighting over a large surface, making them suitable for professional studio setups, extensive video productions, and situations requiring high-quality, adjustable lighting over a wide area. These lights are distributed through various channels, including wholesalers or distributors, hypermarkets or supermarkets, specialty stores, home centers, department stores, independent electronic stores, online retailers, and others. They are used in a range of applications, such as photography, video production, and more.
The bi-color light emitting diode (LED) ring light market research report is one of a series of new reports that provides bi-color light emitting diode (LED) ring light market statistics, including bi-color light emitting diode (LED) ring light industry global market size, regional shares, competitors with a bi-color light emitting diode (LED) ring light market share, detailed bi-color light emitting diode (LED) ring light market segments, market trends, and opportunities, and any further data you may need to thrive in the bi-color light emitting diode (LED) ring light industry. This bi-color light emitting diode (LED) ring market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The bi-color light emitting diode (LED) ring light market consists of sales of dimmable light emitting diode(LED) ring lights, portable lights, and studio-grade lights. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The bi-color light emitting diode (LED) ring light market size has grown strongly in recent years. It will grow from $19.53 billion in 2023 to $20.79 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth during the historic period can be attributed to the rising popularity of social media platforms, increasing consumer demand, growing interest in online video creation, the expanding trend of remote work and virtual meetings, and the increasing prevalence of live streaming and online tutorials.
The bi-color light emitting diode (LED) ring light market size is expected to see strong growth in the next few years. It will grow to $26.91 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to the increasing demand for high-quality photography and videography, the expanding e-commerce industry, the rising adoption of smart lighting solutions, growing interest in photography and content creation, and the demand for versatile and user-friendly bi-color LED ring lights. Key trends during this period include technological advancements in LED lighting, such as app-controlled and programmable LED ring lights, collaborations with influencers and content creators, product innovation and customization, and the integration of artificial intelligence (AI).
The increasing demand for photography and videography is expected to drive the growth of the bi-color light-emitting diode (LED) ring light market in the future. Photography and videography involve capturing and recording images and videos using cameras and related equipment for various purposes, including art, documentation, and communication. This growing demand is driven by the need to build brand identity and credibility, showcase products and services, improve search engine optimization and online presence, and save time and resources. The bi-color LED ring light offers adjustable color temperatures and uniform lighting, which helps minimize shadows and enhance skin tones for superior photography and videography. For instance, in March 2024, Camera Prism, a U.S.-based company specializing in advanced optical devices, reported that approximately 1.72 trillion photos were taken globally in 2022, averaging around 54,500 pictures per second or 4.7 billion per day. Consequently, the increasing demand for high-quality photography and videography is fueling the growth of the bi-color LED ring light market.
Leading companies in the bi-color LED ring light market are focusing on developing innovative products, such as bi-color LED spotlights, that enhance lighting quality, offer adjustable color temperatures, and improve overall versatility for professional photography, videography, and content creation applications. A bi-color LED spotlight is a versatile lighting solution with adjustable color temperatures, making it ideal for professional use. For example, in July 2022, Nanlite, a China-based company specializing in lighting solutions, launched the Forza 150B, a bi-color LED spotlight. The Forza 150B offers enhanced correlated color temperature (CCT) flexibility within a compact design, featuring optimal fan control and a powerful output of 23,130 lux at 5600K from one meter. Its CCT range of 2700K-6500K makes it suitable for on-the-go lighting, live streaming, interviews, and small spaces. Key features include a weight of 1.56kg, a CRI average of 96, a TLCI average of 98, and versatile control options, including Bluetooth and DMX/RDM.
In November 2021, Vitec Group plc, a UK-based company that manufactures hardware and software for the film industry, acquired Savage Universal Corporation for $57.3 million. This acquisition aimed to enhance Vitec’s competitive position by adding a well-respected brand to its portfolio and improving its ability to compete with other major players in the industry. Savage Universal Corporation is a U.S.-based company that manufactures bi-color LED ring lights.
Major companies operating in the bi-color light emitting diode (LED) ring light market are Ikan Corporation, Elgato Inc., Powerpak, Savage Universal Corporation, Draco Broadcast Inc., K&F Concept, Westcott Co., Falcon Eyes, CAME-TV, Lume Cube Inc., Nanlite SA, GODOX Photo Equipment Co.Ltd., Fovitec (USA) International Inc., Ring Light Pro Pyt Ltd., GVM (Great Video Maker), Yongnuo, Rotolight, ProMaster, LimoStudio, FotodioX Inc.
North America was the largest region in the bi-color light emitting diode (LED) ring light market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bi-color light emitting diode (LED) ring light market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the bi-color light emitting diode (LED) ring light market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
A bi-color LED ring light is a lighting device that features an array of LEDs arranged in a circular pattern. It offers adjustable illumination with two color temperature options, allowing users to tailor the lighting to different needs, such as achieving natural skin tones in photography or minimizing shadows in video recording.
The primary types of bi-color LED ring lights are categorized by size such as less than 10 inches, 10 to 18 inches, and greater than 18 inches. Lights greater than 18 inches are designed to provide soft, even lighting over a large surface, making them suitable for professional studio setups, extensive video productions, and situations requiring high-quality, adjustable lighting over a wide area. These lights are distributed through various channels, including wholesalers or distributors, hypermarkets or supermarkets, specialty stores, home centers, department stores, independent electronic stores, online retailers, and others. They are used in a range of applications, such as photography, video production, and more.
The bi-color light emitting diode (LED) ring light market research report is one of a series of new reports that provides bi-color light emitting diode (LED) ring light market statistics, including bi-color light emitting diode (LED) ring light industry global market size, regional shares, competitors with a bi-color light emitting diode (LED) ring light market share, detailed bi-color light emitting diode (LED) ring light market segments, market trends, and opportunities, and any further data you may need to thrive in the bi-color light emitting diode (LED) ring light industry. This bi-color light emitting diode (LED) ring market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The bi-color light emitting diode (LED) ring light market consists of sales of dimmable light emitting diode(LED) ring lights, portable lights, and studio-grade lights. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Bi-Color Light Emitting Diode (LED) Ring Light Market Characteristics3. Bi-Color Light Emitting Diode (LED) Ring Light Market Trends and Strategies32. Global Bi-Color Light Emitting Diode (LED) Ring Light Market Competitive Benchmarking33. Global Bi-Color Light Emitting Diode (LED) Ring Light Market Competitive Dashboard34. Key Mergers and Acquisitions in The Bi-Color Light Emitting Diode (LED) Ring Light Market
4. Bi-Color Light Emitting Diode (LED) Ring Light Market - Macro Economic Scenario
5. Global Bi-Color Light Emitting Diode (LED) Ring Light Market Size and Growth
6. Bi-Color Light Emitting Diode (LED) Ring Light Market Segmentation
10 to 18 Inches
7. Bi-Color Light Emitting Diode (LED) Ring Light Market Regional and Country Analysis
8. Asia-Pacific Bi-Color Light Emitting Diode (LED) Ring Light Market
9. China Bi-Color Light Emitting Diode (LED) Ring Light Market
10. India Bi-Color Light Emitting Diode (LED) Ring Light Market
11. Japan Bi-Color Light Emitting Diode (LED) Ring Light Market
12. Australia Bi-Color Light Emitting Diode (LED) Ring Light Market
13. Indonesia Bi-Color Light Emitting Diode (LED) Ring Light Market
14. South Korea Bi-Color Light Emitting Diode (LED) Ring Light Market
15. Western Europe Bi-Color Light Emitting Diode (LED) Ring Light Market
16. UK Bi-Color Light Emitting Diode (LED) Ring Light Market
17. Germany Bi-Color Light Emitting Diode (LED) Ring Light Market
18. France Bi-Color Light Emitting Diode (LED) Ring Light Market
19. Italy Bi-Color Light Emitting Diode (LED) Ring Light Market
20. Spain Bi-Color Light Emitting Diode (LED) Ring Light Market
21. Eastern Europe Bi-Color Light Emitting Diode (LED) Ring Light Market
22. Russia Bi-Color Light Emitting Diode (LED) Ring Light Market
23. North America Bi-Color Light Emitting Diode (LED) Ring Light Market
24. USA Bi-Color Light Emitting Diode (LED) Ring Light Market
25. Canada Bi-Color Light Emitting Diode (LED) Ring Light Market
26. South America Bi-Color Light Emitting Diode (LED) Ring Light Market
27. Brazil Bi-Color Light Emitting Diode (LED) Ring Light Market
28. Middle East Bi-Color Light Emitting Diode (LED) Ring Light Market
29. Africa Bi-Color Light Emitting Diode (LED) Ring Light Market
30. Bi-Color Light Emitting Diode (LED) Ring Light Market Competitive Landscape and Company Profiles
31. Bi-Color Light Emitting Diode (LED) Ring Light Market Other Major and Innovative Companies
35. Bi-Color Light Emitting Diode (LED) Ring Light Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Bi-Color Light Emitting Diode (LED) Ring Light Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on bi-color light emitting diode (LED) ring light market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for bi-color light emitting diode (LED) ring light? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The bi-color light emitting diode (LED) ring light market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Less Than 10 Inches; 10 To 18 Inches; Greater Than 18 Inches2) By Distribution Channel: Wholesalers Or Distributors; Hypermarket Or Supermarkets; Specialty Stores; Home Centers; Department Stores; Independent Electronic Stores; Online Retailers; Other Distribution Channels
3) By Application: Photography; Video Production; Other Applications
Key Companies Mentioned: Ikan Corporation; Elgato Inc.; Powerpak; Savage Universal Corporation; Draco Broadcast Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Ikan Corporation
- Elgato Inc.
- Powerpak
- Savage Universal Corporation
- Draco Broadcast Inc.
- K&F Concept
- Westcott Co.
- Falcon Eyes
- CAME-TV
- Lume Cube Inc.
- Nanlite SA
- GODOX Photo Equipment Co.Ltd.
- Fovitec (USA) International Inc.
- Ring Light Pro Pyt Ltd.
- GVM (Great Video Maker)
- Yongnuo
- Rotolight
- ProMaster
- LimoStudio
- FotodioX Inc.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | October 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 20.79 Billion |
Forecasted Market Value ( USD | $ 26.91 Billion |
Compound Annual Growth Rate | 6.7% |
Regions Covered | Global |
No. of Companies Mentioned | 20 |