The global digital LUX meter market size is expected to value at USD 3.3 billion in 2023 and exhibit steady growth at a CAGR of 9.5% in the forecast period from 2023 to 2033. The increasing need for new, wireless light meter technologies in the field of lighting is set to aid growth in the next decade.
As per FMI, sales of digital LUX meters are projected to reach USD 8.3 billion in 2033. The rising per capita income of consumers and surging demand for high-quality photography across the globe among professional and commercial photographers are anticipated to boost growth.
A Digital LUX meter, also known as a light meter, is a novel device that is extensively used to measure the intensity of light in an environment. Technologically advanced LUX meters are specifically designed to accurately measure brightness and are equipped with photodetectors.
Increasing use of digital LUX meters in outdoor or indoor sports activities and safety concerns at workplaces are projected to augur well for the global market. The ability of these meters to provide precise measurement of luminescence in a minimum or maximum threshold is another factor that would spur the market.
Besides, manufacturers are nowadays including high memory storage features in their digital LUX meters to enable users to store measured values. It would help them to eliminate the need to manually note every point, thereby reducing the chance of input errors.
| Attribute | Key Statistics |
|---|---|
| Digital LUX Meter Market Estimated Base Year Value (2022) | USD 3 billion |
| Digital LUX Meter Market Expected Market Value (2023) | USD 3.3 billion |
| Digital LUX Meter Market Anticipated Forecast Value (2033) | USD 8.3 billion |
| Digital LUX Meter Market Projected Growth Rate (2023 to 2033) | 9.5% CAGR |
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Digital LUX meters deliver vital information to cinematographers and photographers regarding their work. These are capable of converting light into units or functions in a camera and help in offering detailed graphs or charts on the color and quality of lights that are being used.
Increasing utilization of these meters by cinematographers to measure the quality of light and select suitable lighting conditions for a specific scene is anticipated to boost the global digital LUX meter market growth in the assessment period. Besides, increasing expenditure on advertisements and high per capita disposable income are likely to fuel the photography and cinematography sector, which would aid the market.
The emergence of unique smartphones that can be used as light meters with the installation of numerous apps may hinder demand for digital LUX meters in the forecast period. Various applications are currently under development to enable Android and iOS operating systems to work as light meters by using in-built cameras of smartphones as light sensors.
Light meter companies worldwide are striving to adopt novel technologies for the development of test and measurement (T&M) equipment. End products need to meet certain specifications presented by regulatory bodies to get approvals for distribution. The above-mentioned disadvantages may obstruct growth in the global market.
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Based on region, North America is anticipated to remain at the forefront by generating the largest digital LUX meter market share in the evaluation period. The presence of a large number of renowned companies such as Konica Minolta Sensing Americas, Inc. and FLIR Systems in the United States is one of the major factors that is expected to drive the regional market.
The implementation of stringent government norms to accelerate the use of energy-efficient lighting is set to create high demand for specialized LED light meters in North America. LED light meters can measure conventional and ambient light, apart from LED. These are used for the optimization and measurement of environmental light levels in various applications, including hospitals, warehouses, office buildings, schools, and manufacturing plants.
Asia Pacific is expected to follow in the footsteps of North America in terms of sales of digital LUX meters during the forthcoming years. Ongoing development of technologically advanced light meters by key players operating in India, Japan, China, and South Korea to provide innovative features to photographers such as flash power control, flash analyzing function, radio frequency, and built-in wireless triggering is projected to augment the regional market.
The urgent need to improve utility and visibility in outdoor spaces and the high demand for sufficient light in office and school buildings are anticipated to aid the regional market. Stringent government norms to mandate the presence of sufficient and suitable lighting at workplaces are also projected to push sales across the Asia Pacific.
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Some of the prominent companies present in the global digital LUX meter market include HTC Instruments, EXTECH, Sekonic Corporation, Mextech Technologies India Private Limited, Pyle Audio, Livercopper, Mastech Group Limited, and Dr Meter among others.
Leading players are focusing on launching new products by conducting extensive research and development activities. They are striving to expand their distribution networks, innovate portfolios, and attract new customers across the globe. Meanwhile, some of the other key players are engaging in acquisitions and collaborations with their stakeholders to use the latter’s products for gaining a competitive edge in the market.
| Attribute | Details |
|---|---|
| Expected Market Value (2023) | USD 3.3 billion |
| Market Forecast Value (2033) | USD 8.3 billion |
| Growth Rate | CAGR of 9.5% from 2023 to 2033 |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD million and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | End Use, Region |
| Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia & Pacific; East Asia; The Middle East & Africa (MEA) |
| Key Countries Covered |
The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Poland, Russia, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC Countries, South Africa, Israel |
| Key Companies Profiled | HTC Instruments; EXTECH; Sekonic Corporation; Mextech Technologies India Private Limited; Pyle Audio; Livercopper; Mastech Group Limited; Dr. Meter |
The digital LUX meter market is worth USD 3.3 billion in 2023.
The digital LUX meter market is projected to thrive at a 9.5% CAGR through 2033.
The digital LUX meter market is predicted to surpass USD 8.3 billion by 2033.
Asia Pacific is likely to hold nearly 25% of the global digital LUX meter market share.
India is predicted to emerge dominant, clocking a CAGR of 11.4% by 2033.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use 5.1. Educational Institutes 5.2. Agriculture Sector 5.3. Research Centers 5.4. Others 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 6.1. North America 6.2. Latin America 6.3. Western Europe 6.4. Eastern Europe 6.5. South Asia and Pacific 6.6. East Asia 6.7. Middle East and Africa 7. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 8. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Key Countries Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. HTC Instruments 16.2. EXTECH 16.3. Sekonic Corporation 16.4. Mextech Technologies India Private Limited 16.5. Pyle Audio 16.6. Livercopper 16.7. Mastech Group Limited 16.8. Dr. Meter 16.9. FLIR SYSTEMS 16.10. Mastech Group 17. Assumptions & Acronyms Used 18. Research Methodology
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Digital LUX Meter Market
