The ring lights market size is estimated to be valued at USD 9 billion in 2023 and is expected to surpass USD 36 billion by 2033. The adoption of ring lights is likely to advance at a CAGR of 15% during the forecast period.
Household and photography applications will continue driving growth over the decade.
Driven by surge in sales, the market is forecast to record 15% CAGR through 2033 in terms of volume. Household applications will hold the lead with a valuation of USD 1.5 Billion in 2023, while videography applications will rise at 18% CAGR through the assessment period.
| Attribute | Details |
|---|---|
| Estimated Market Size (2023) | USD 9 billion |
| Projected Market Size (2033) | USD 36 billion |
| CAGR through (2023 to 2033) | 15% |
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The shift from conventional to highly efficient LEDs lights, improvements in technology, and enhanced energy efficient standards have spurred demand. As a result, the ring light market will rise at 15% CAGR between 2023 and 2033 in comparison above 13% CAGR registered during 2018 to 2023.
Increasing interest for advanced photographic devices, at professional photo-shoots and improving job opportunities in the field of photography are some of the primary factors driving the growth of the global ring light market.
The penetration of beauty experts and bloggers on social media platforms has drastically increased. A rising number of bloggers and social media experts have played an important role in influencing buying preferences.
Beauty experts actively use ring lights to guide consumers towards new beauty trends, new product launches and more. The trend however is no longer restricted to a single category of influencers. Focus on high definition video quality to offer improved viewing experience in social media will remain a chief driver.
Ring lights are convenient and cost-efficient source of professional lighting that can be suitable for installation in smaller spaces. This has improved their demand as key accessory for videography.
Driven by ongoing trends, ring lights are now available with phone or camera mounts, tripod stands, goosenecks, mirrors, and carry bags. These value additions are further projected to drive the ring lights sales in the coming years.
| Period | Market Size (in USD billion) |
|---|---|
| 2018 | 5 |
| 2022 | 8 |
| 2023 | 9 |
| 2033 | 36 |
Ring lights facilitate the production of high-quality videos and photographs with little effort. They can be used to produce perfectly balanced lighting resulting in high-quality photos and video. Ring lights can be moved to different locations and angled with ease.
They are transportable and lightweight, which makes them easy to carry anywhere. These factors are expected to fuel the demand for ring lights in the coming years. Furthermore, ring lights also help to reduce the burden of spending a lot of money for professional shoots, resulting in additional demand for such products in the market.
The growing influence of social media, along with the rising number of make-up artist influencers, is expected to offer lucrative opportunities in the coming decade.
Principal Consultant
North America is predicted to remain an attractive market during the forecast period, according to Future Market Insights. According to the study, the United States is expected to account for over 89% of the market share in North America through 2023.
Key factors adding to regional market growth include initiatives undertaken by governments for adopting light emitting diodes along the presence of numerous local market players.
steady decline in the prices of LED ring lights and the availability of smart lighting solutions, The coupled with modernized energy policies across the world are expected to provide an impetus for market growth over the forecast period.
Demand in the Germany market is expected to rise at 10% CAGR over the forecast period. Germany is expected to witness favorable growth supported by the presence of key manufacturers and suppliers in the country. The trade war between the United States and China caused a rise in import duties and an eventual increase in the overall product prices. This factor is expected to benefit European manufacturers. Spurt of social media influencers looking to attract audience and provide high quality videos will remain a chief growth driver of the ring lights market in Germany.
In 2023, India will account for over 36.1% market share in South Asia. Rapid urbanization is one of the key drivers behind the growth of the market. Mainstream millennial consumers are beauty-conscious and socially active too, propagating demand with increasing incomes.
The technological intervention and new product developments are running in parallel, consequently driving the demand for ring lights in the country. A factor that holds prime importance in the increasing demand for ring lights is the changing lifestyle of consumers and adoption of western social media trends.
Based on ring light technology, smart/automatic is the leading category, accounting for nearly 65% of the market in 2023. Rapid growth of lighting control systems in the general lighting industry, are the factors that drive the growth of the market.
The features of traditional ring lighting such as color turning, switching on and off and dimming have now been replaced by a remote, thus positively impacting the sales of ring light products for the foreseeable future.
Based on product size, 12 to 24 Inches is the leading category, accounting for nearly 35% of the market in 2021. Ring lights in the 12-to-24-inch range are very common as they are very versatile, capable of producing an eye-catching glow up to about 12 inches, or about five feet. It is designed for daylight-balance lighting, ideal for photographers and videographers, which makes it one of the best ring lights, especially for videography.
Ring lights below USD 75 are expected to contribute revenue share of more than 41% in the global ring light market. This is the most preferred type among millennial and professional consumers.
Ring light in the range of USD 75 usually comes with tripod stands, phone holder remote control, and brightness level 3 light modes that are dimmable for beauty makeup live streaming, YouTube videos, and photography.
In terms of application, photography segment dominated the industry. It is expected to hold a revenue share of more than 17% in 2023 owing to the fact that ring lights have become very popular in portrait photography.
Professional photographers or videographers also use ring lights to ensure that their subject's face is evenly lit with a pleasing, soft light. This is among the main factors supporting industry growth.
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The ring lights market is highly competitive, driven by the growing demand for high-quality lighting solutions in various industries. The market landscape is characterized by the presence of numerous players striving to gain a competitive edge. These players are focusing on product innovation, strategic partnerships, and expanding their distribution networks to maintain their market position.
Innovation plays a crucial role in the competitive landscape, with companies continuously introducing advanced features and technologies in their ring light offerings. This includes adjustable color temperature, dimming options, wireless controls, and compatibility with smartphones and cameras. Manufacturers are also investing in energy-efficient LED technology to meet the increasing demand for eco-friendly lighting solutions.
Strategic partnerships and collaborations are another key aspect of the competitive landscape. Ring light manufacturers are partnering with influencers, photographers, and content creators to endorse and promote their products, expanding their reach to target audiences. Additionally, collaborations with e-commerce platforms and retail chains help increase product visibility and availability.
Expanding distribution networks is vital for market players to cater to the global demand for ring lights. This involves establishing partnerships with distributors, retailers, and online platforms to ensure a wide market presence and reach customers in different regions.
The customer service and after-sales support are important factors that differentiate competitors in the ring lights market. Providing prompt and reliable customer assistance, warranty programs, and product training contribute to building brand loyalty and gaining a competitive advantage.
As the demand for ring lights continues to rise, competition in the market is expected to intensify further. Market players will need to stay abreast of the latest trends, invest in research and development, and offer innovative solutions to stand out in this dynamic and rapidly evolving market.
Product Portfolio:
Hensel Frontprojection System:
The Hensel Frontprojection System offers a comprehensive range of high-quality front projection screens, motorized lifts, and accessories. With various screen sizes and formats available, it caters to diverse projection needs for corporate presentations, home theaters, and educational environments. The system features advanced optical coatings for enhanced image clarity and vibrant colors, along with durable construction for long-lasting performance.
Samsung Electronics Co. Ltd.:
Samsung Electronics Co. Ltd. presents a diverse product portfolio, including cutting-edge consumer electronics, mobile devices, and innovative home appliances. From smartphones and tablets to televisions and smart home solutions, Samsung offers state-of-the-art technology with sleek designs and user-friendly interfaces. The company also excels in manufacturing high-quality displays, including LCD and OLED panels, catering to both consumer and professional markets with exceptional visual experiences.
Strategies for Ring Lights Manufacturers to Expand in the Market
| Report Attribute | Details |
|---|---|
| Market Value in 2023 | USD 9 billion |
| Market Value in 2033 | USD 36 billion |
| Growth Rate | CAGR of 15% from 2023 to 2033 |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in US Billion and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Product Type, Product Size, Price Range, Distribution Channel, Application, Power Source, Buyer Type, Region |
| Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Mexico, Germany, UK, France, Spain, Italy, China, Japan, South Korea, Singapore, Thailand, Indonesia, Australia, New Zealand, GCC, South Africa, Israel |
| Key Companies Profiled | Hensel Frontprojection System; Spectrum Aurora; Zhejiang Seming Electronic Co., Ltd.; Lylight Electric Co, Limited; Bron Elektronik AG; Shamax Emporium; Shenzhen Jueying Technology Co., Ltd.; Smart Vision Lights; Koninklijke Philips N.V.; VOLT Lighting; Panasonic Corporation; OSRAM Sylvania Inc.; Unique Lighting Systems; Samsung Electronics Co. Ltd. |
| Customization | Available Upon Request |
The current value of the global ring lights industry is estimated to be around USD 9 billion in 2023.
The ring lights market is expected to record a CAGR of 15% during the forecast period.
Increased demand from photography, videography, and beauty industries fuels growth.
Customizable lighting options gain popularity in ring lights market.
The ring lights market is forecasted to surpass USD 36 billion 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 Product Type 5.1. With Stand 5.2. Hanging 5.3. Portable 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product 6.1. Below 6 Inches 6.2. 6 to 12 Inches 6.3. 12 to 24 Inches 6.4. More than 24 Inches 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Price Range 7.1. Below USD 25 7.2. USD 25 - USD 50 7.3. USD 50 - USD 75 7.4. USD 75 and Above 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Technology 8.1. Smart/Automatic 8.2. Conventional 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Distribution Channel 9.1. Wholesalers/Distributors 9.2. Hypermarket/Supermarkets 9.3. Specialty Stores 9.4. Home Centres 9.5. Department Stores 9.6. Independent Electronic Stores 9.7. Online Retailers 9.8. Others 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 10.1. Commercial 10.2. Studio 10.3. Photography 10.4. Video Production 10.5. Outside 10.6. Households 10.7. Macro Photography 10.8. Videography 10.9. Makeup Application 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Power Source 11.1. Battery Operated 11.2. Solar Power 11.3. AC Supply 12. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 12.1. North America 12.2. Latin America 12.3. Europe 12.4. Asia Pacific 12.5. MEA 13. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 17. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 18. Key Countries Market Analysis 19. Market Structure Analysis 20. Competition Analysis 20.1. Hensel Frontprojection System 20.2. Spectrum Aurora 20.3. Zhejiang Seming Electronic Co., Ltd. 20.4. Lylight Electric Co., Limited 20.5. Bron Elektronik AG 20.6. Shamax Emporium 20.7. Shenzhen Jueying Technology Co., Ltd. 20.8. Smart Vision Lights 20.9. Koninklijke Philips N.V. 20.10. VOLT Lighting 20.11. Panasonic Corporation 20.12. OSRAM Sylvania Inc. 20.13. Unique Lighting Systems 20.14. Samsung Electronics Co. Ltd. 21. Assumptions & Acronyms Used 22. Research Methodology
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Ring Lights Market
