July 31, 2017: According to a report from LEDinside, stage lighting and filament lamp market grows significantly due to good market demand.
LED filament lamp market
In 2016, global LED filament lamp market demand was 150 million units. In 2017, the market demand is likely to hit 300 million units, up by 100% year on year. The report estimates that LEDvance and Philips Lighting are the top two filament lamp branding vendor. Moreover, filament OEM supply majorly comes from Chinese manufacturers.
LED stage light
LED stage lights have several advantages over conventional ones—they are more efficient, higher color quality, longer lifespans and easier to use. However, they also have certain challenges like higher production cost, less diverse specifications, and inconsistent quality.
According to the report, the global LED stage lighting market increased by 14% to US$ 745 million in 2017 from US$ 655 million in 2016. As demand for LED lighting gradually rise, the price of LED stage lights keeps dropping. However, the growth of its market in the following years will slow down, although currently it is growing significantly. By 2020, the estimated market size will likely surpass US$ 1 billion.
The global stage light source market has touched US$ 382 million, of which about US$ 150 million is contributed by LED light sources, as LED penetration rate is at 39%. As a result, the market size of traditional stage light source is shrinking.
At present, companies like Osram, Everlight, and Lightning Optoelectronic are launching stage lighting LED products like mono-color and multi-color lights, with higher luminous intensity and efficiency.