Light Meter Market

Light Meter Market by Display (Analog and Digital), Type (General-Purpose, LED, and UV), Lux Range (0–200K Lux and Above 200K Lux), Application (Photography & Cinematography, Commercial Spaces, Clinics & Hospitals), and Region - Global Forecast to 2023

Report Code: SE 6206 Apr, 2018, by marketsandmarkets.com

[130 Pages Report] The light meter market was valued USD 284.3 Million in 2017 and is expected to reach USD 417.4 Million by 2023, at a CAGR of 6.47% during the forecast period. This report provides the market size and future growth potential of the light meter market based on different segments such as display, type, lux range, application, and region. The prime objective of this report is to define, describe, segment, and forecast the light meter market, in terms of value, segmented on the basis of display, type, lux range, application, and region. Major factors driving the growth of this market include increasing demand for light meters in the photography and cinematography industry worldwide, regulations to improve workplace lighting, and government initiatives toward the standardization of lighting protocols.

Light Meter Market

By application, photography and cinematography to grow at the highest CAGR during the forecast period

The market for photography and cinematography is expected to grow at the highest CAGR during the forecast period. Optimum lighting plays a crucial role in photography and cinematography to get the desired photo or video. Advanced light meters offer the most innovative and advanced features in light meters, such as flash analyzing function, built-in wireless triggering, flash power control, radio frequency and compatibility, etc., which leads to the largest share of the light meter market for photography and cinematography.

By type, general-purpose light meters to hold the largest size of light meter market during the forecast period

The highest CAGR of the market for LED light meters is attributed to increasing government regulations worldwide to use energy-efficient lighting. Thus, increasing use of LED lighting solutions is expected to create the demand for specialized LED light meters. LED light meters can measure ambient and conventional light apart from the LED light. These light meters are useful in the measurement and optimization of the environmental light levels in a wide range of application areas, including office buildings, manufacturing plants and warehouses, university campuses, schools, and hospitals. General-purpose light meters may provide an inaccurate reading for LED light measurements. LED lights can be correctly read by using specialized LED light meters.

Americas to hold the largest market share of light meter market during the forecast period

The light meter market has been broadly segmented on the basis of region into the Americas, Europe, Asia Pacific (APAC), and Rest of the World (RoW). The Americas accounted for a major share of the light metermarket, along with APAC. Rapid technological advancements and a high degree of industrialization in APAC are expected to create huge opportunities for the growth of the light meter market in this region.

The key players operating in this market are FLIR Systems (FLIR Systems (Extech)) (US), Konica Minolta Sensing Americas, Inc. (Konica Minolta Sensing Americas) (US), Sekonic (Sekonic) (Japan), Testo SE & Co. among others. The players in this market have adopted various strategies to expand their presence globally and increase their market shares. Product launches is the major strategy adopted by the market players to grow in the light meter market.

Light Meter Market

Market Dynamics

Driver: Increasing demand for light meters in the photography and cinematography industry worldwide

Light meters provide crucial information to photographers and cinematographers for their work. These devices provide a measurement of the exposure, recommends the shutter speed/aperture combination on the basis of the 18% gray standard. The light meters convert light into the functions/units in a camera and can even provide detailed charts and graphs on the quality and color of the lights being used. Generally, a light meter is a tool to check exposure settings for perfectly balanced images being produced. In cinematography, light meters are used to identify the quality of the light and also to deliberately choose an appropriate lighting condition for a particular scene.

Growing per capita disposable income of individuals worldwide and rising advertising expenditures have driven the growth of the photography and cinematography industry in the recent years. The advertising industry, especially involving the advertisements on billboards, magazines, and televisions, is continuously evolving industry worldwide. Light meters play a very crucial role to get effective output in these fields. Also, the growing demand for cinematography is expected to propel the use of light meters in this industry. The impact of this driver is presently high, considering the growth of the photography and cinematography industry in the recent years, and this factor is likely to have a same impact on the market in the upcoming years.

Restraint: Development of smartphone applications and light measuring devices to substitute light meters

Smartphones can also be used as light meters by installing various mobile applications. These mobile applications have been developed to enable iPhone and other smartphones to work as a light meter using their inbuilt camera as a light sensor. Megaman LuxMeter, LightMeter Whitegoods, and LuxMeterPro Advanced, among others, are a few examples of these mobile applications. However, a few challenges associated with the use of cameras as the light meter sensors commonly lead to the variability in output values while getting samples and displaying unstable and unalike readings, depending on the light received from the lamp or the focus point.

As a solution to this problem, devices such as “Luxi” have been developed. Luxi is a little and cheap device [costing close to euro 22 (~USD 27)]. It consists of a diffusion dome that fits over the iPhone’s camera. Luxi helps improve the reading stability, and depending on the installed app, the device leads to the recording to more reliable values as an output. “Lumu” is another substitutional device for light meters. This device has an inbuilt sensor and diffusion dome that plugs in the headphones jack and measures the light level directly, without the need of using the camera. Lumu costs about euro 95 (USD 117.20) and is available for both iPhone and Android phones. Lumu is equipped with a high-precision and wide-measuring range sensor, which provides highly precise results.

Opportunity: Convergence of IOT in lighting

The convergence of the Internet of Things (IoT) in lighting systems is expected to shape the future developments in the light meter market. With the evolution of IoT, a range of devices and sensors can now communicate wirelessly over the internet. The light meters that are deployed for light measurements are bound to be more self-governing and intelligent in sharing data with the building automation systems and, ultimately, the cloud. The cloud provides the administrative user interface, and the data analytics function analyzes the light intensity, access information, and utility data as well as the data related to historical lighting conditions. This helps the facility managers to make decisions on reducing or increasing lighting conditions. For instance, Philips Lighting Holding (Netherlands) is focusing on IoT-enabled lighting systems to power smarter cities, increase the efficiency of buildings, and enable innovative retail experiences by providing real-time data analytics from secure connected lighting systems and IoT. Thus, the convergence of IoT in lighting is expected to generate huge opportunities for the growth of the light meter market.

Challenge: Increasing number of manufacturers creating competitive pricing pressure

Light meter manufacturers have to continuously adapt to new technologies and develop the test and measurement (T&M) equipment due to fast innovations. The manufactured products need to meet the given specification and prevail in the competitive market, which increases the pricing pressure on manufacturers. The factors such as calibration, failure rate, and repair affect the price of an instrument. The calibration of any electronics instrument is essential to ensure the uniformity of the measurements conducted by it with the global standards of the corresponding measurements.
Calibration is required to either meet the specifications supplied by a manufacturer or rectify any deviations in the expected performance of an instrument. The process of calibration may lead to downtime in case of frequent calibration cycles of an instrument, which adds to the time and cost. The number of light meter manufacturers is continuously growing worldwide. Also, light meters are already available at relatively low costs in the market. Increasing availability of more innovative and cheaper light meter products is creating external pressure and posing a challenge for the manufacturers of light meters to sustain the competition in the market.

Light Meter Market

Scope of the Report

Report Metric

Details

Market size available for years

2015–2023

Base year considered

2017

Forecast period

2018–2023

Forecast units

million (USD) and billion (USD)

Segments covered

Display, Type, LUX Range, Application, and Region

Geographies covered

Americas, Europe, APAC, RoW (Middle East, and Africa)

Companies covered

Konica Minolta Sensing Americas (US), FLIR Systems (US), Sekonic (Japan), Testo SE (Germany), Hioki (Japan), Amprobe (US), KERN & SOHN (Germany), B&K Precision (US), Line Seiki (Japan), PCE Deutschland (Germany), Hanna Instruments (US), Lutron Electronics (US), Kyoritsu Electrical Instruments Works (Japan), Martindale Electric (UK), TQC B. V. (the Netherlands), and KIMO Instruments (UK)

The light meter market has been covered in detail in this report. To provide a holistic picture, the current market demand and forecasts have also been included in the report. The light meter market has been segmented as follows:

Light Meter Market by Display

  • Analog
  • Digital

Light Meter Market, by Type

  • General-Purpose Light Meters
  • LED Light Meters
  • UV Light Meters

Light Meter Market, by Lux Range

  • 0–200K Lux
  • Above 200K Lux

Light Meter Market, by Application

  • Photography and Cinematography
  • Commercial Spaces
  • Manufacturing Plants and Warehouses
  • University Campuses and Schools
  • Clinics and Hospitals
  • Others

Light Meter Market, by Geography

  • Americas
  • Europe
  • Asia Pacific (APAC)
  • Rest of the World (RoW)

Key Market Players

Konica Minolta Sensing Americas (US), FLIR Systems  (US),  Sekonic (Japan),  Testo SE (Germany), Hioki (Japan), Amprobe (US), KERN & SOHN (Germany), B&K Precision (US), Line Seiki (Japan), PCE Deutschland (Germany), Hanna Instruments (US), Lutron Electronics (US), Kyoritsu Electrical Instruments Works (Japan), Martindale Electric (UK), TQC B. V. (the Netherlands), and KIMO Instruments (UK)

Konica Minolta Sensing Americas has a recognized brand name, innovative portfolio, and widespread strong global network of sales and services, distributors, and customers. The company has established strong business relationships with large customers across the world and is strategically focused on partnerships and acquisitions of its stakeholders to grow in the light meter market. The company is also keen to use the customer base of its other segments to promote its light meter products. Konica Minolta It has a major focus on acquiring more customers by exhibiting its light meter products in various countries.

Recent Developments

  • In December 2015, Konica Minolta Sensing Americas launched CS-150 and CS-160 chroma meters, and LS-150 and LS-160 luminance meters. These meters are highly accurate and easy to use, and feature portable option for light measuring available in 1 and 1/3 degree spot acceptance angles to measure chromaticity and/or luminance values of various sources of reflected or emitted light.
  • In November 2017, Extech Instruments launched the UV510 meter designed to measure ultraviolet (UV) radiation in the UVA range for the industrial process applications, UV commercial offset printing, archival preservation, and occupational exposure among outdoor workers.
  • In November 2017, Sekonic launched the L‐858D SPEEDMASTER series wireless bundle kit with the limited period offer. This offer helps company to add more value to the L‐858D series and highlight the wireless control capabilities of these light meters.
  • In August 2017, Testo launched a new monitoring system named “testo 160.” This monitoring system enables users to remotely control temperature, humidity, illuminance, UV radiation, and CO2 concentration. This system for the light illuminance has an alarm system designed for detecting if the illuminance level is exceeding the limits.
  • In October 2017, Hioki launched the Lux Meter FT3425. This lux meter features the Bluetooth wireless technology for faster measurement and faster transmission of the data related to the same. Moreover, it also fulfills all regulations and compliances of Japanese Industrial Standard (JIS) and broad measurement capability from low to high illuminance.

Key Questions Answered

  • Where will all these developments take the industry in the long term?
  • What are the upcoming trends for the Light Meter Market?
  • Which segment provides the most opportunity for growth?
  • Who are the leading vendors operating in this market?
  • What are the opportunities for new market entrants?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of Study
    1.2 Definition
    1.3 Scope of Study
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
           1.3.3 Years Considered for Study
    1.4 Currency
    1.5 Package Size
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
    2.3 Market Breakdown & Data Triangulation
    2.4 Assumptions

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 30)
    4.1 Attractive Market Opportunities in Market
    4.2 Market in APAC, By Application and Country
    4.3 Market, By Type
    4.4 Light Meter Market, By Display
    4.5 Market, By Lux Range
    4.6 Geographic Analysis of Market

5 Market Overview (Page No. - 34)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Demand for Light Meters in the Photography and Cinematography Industry Worldwide
                    5.2.1.2 Regulations to Improve Workplace Lighting
                    5.2.1.3 Government Initiatives Toward the Standardization of Lighting Protocols
           5.2.2 Restraints
                    5.2.2.1 Development of Smartphone Applications and Light Measuring Devices to Substitute Light Meters
           5.2.3 Opportunities
                    5.2.3.1 Development of Wireless Light Meter Technologies
                    5.2.3.2 Latent Market for Light Meters in APAC
                    5.2.3.3 Convergence of IoT in Lighting
           5.2.4 Challenges
                    5.2.4.1 Increasing Number of Manufacturers Creating Competitive Pricing Pressure

6 Light Meter Market, By Display (Page No. - 39)
    6.1 Introduction
    6.2 Digital
    6.3 Analog

7 Market, By Type (Page No. - 43)
    7.1 Introduction
    7.2 General-Purpose Light Meters
    7.3 LED Light Meters
    7.4 UV Light Meters

8 Market, By Lux Range (Page No. - 48)
    8.1 Introduction
    8.2 0–200k Lux
    8.3 Above 200k Lux

9 Market, By Application (Page No. - 52)
    9.1 Introduction
    9.2 Photography and Cinematography
    9.3 Commercial Spaces
    9.4 Manufacturing Plants and Warehouses
    9.5 University Campuses and Schools
    9.6 Clinics and Hospitals
    9.7 Others

10 Market, By Region (Page No. - 61)
     10.1 Introduction
     10.2 Americas
             10.2.1 US
             10.2.2 Canada
             10.2.3 Rest of Americas
     10.3 Europe
             10.3.1 UK
             10.3.2 Germany
             10.3.3 France
             10.3.4 Italy
             10.3.5 Rest of Europe
     10.4 APAC
             10.4.1 China
             10.4.2 Japan
             10.4.3 India
             10.4.4 Rest of APAC
     10.5 RoW
             10.5.1 Middle East
             10.5.2 Africa

11 Competitive Landscape (Page No. - 93)
     11.1 Overview
     11.2 Ranking of Players, 2017
     11.3 Competitive Scenario
             11.3.1 Product Launches

12 Company Profiles (Page No. - 97)
     12.1 Introduction
     12.2 Key Players
(Business Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis)*
             12.2.1 Konica Minolta Sensing Americas
             12.2.2 Flir Systems (Extech)
             12.2.3 Sekonic
             12.2.4 Testo Se
             12.2.5 Hioki
             12.2.6 Amprobe (Danaher Corporation)
             12.2.7 Kern & Sohn
             12.2.8 B&K Precision
             12.2.9 Line Seiki
             12.2.10 PCE Deutschland
             12.2.11 Hanna Instruments
*Business Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis Might Not Be Captured in Case of Unlisted Companies.
     12.3 Other Important Players
             12.3.1 Lutron Electronics
             12.3.2 Kyoritsu Electrical Instruments Works
             12.3.3 Martindale Electric Co Ltd
             12.3.4 TQC B.V.
             12.3.5 Kimo Instruments UK
     12.4 Start-Up Ecosystem
             12.4.1 Center Technology
             12.4.2 Tenmars Electronics
             12.4.3 Panomex
             12.4.4 Shenzhen Sanpo Instrument
             12.4.5 Huato Electric

13 Appendix (Page No. - 123)
     13.1 Insights From Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Introducing RT: Real-Time Market Intelligence
     13.5 Available Customizations
     13.6 Related Reports
     13.7 Author Details


List of Tables (71 Tables)

Table 1 Light Meter Market, By Display, 2015–2023 (USD Million)
Table 2 Market for Digital, By Region 2015–2023 (USD Million)
Table 3 Market for Analog, By Region 2015–2023 (USD Million)
Table 4 Light Meter Measurements of Various Lighting Conditions
Table 5 Market, By Type, 2015–2023 (USD Million)
Table 6 Market for General-Purpose Light Meters, By Region, 2015–2023 (USD Million)
Table 7 Market for LED Light Meters, By Region 2015–2023 (USD Million)
Table 8 Market for UV Light Meters, By Region, 2015–2023 (USD Million)
Table 9 Market, By Lux Range, 2015–2023 (USD Million)
Table 10 Market, By Lux Range, 2015–2023 (Million Units)
Table 11 Market for 0–200k Lux, By Region, 2015–2023 (USD Million)
Table 12 Market for Above 200k Lux, By Region, 2015–2023 (USD Million)
Table 13 Market, By Application, 2015–2023 (USD Million)
Table 14 Market for Photography and Cinematography, By Region, 2015–2023 (USD Million)
Table 15 Lighting Conditions for Office Spaces
Table 16 Market for Commercial Spaces, By Region, 2015–2023 (USD Million)
Table 17 Market for Manufacturing Plants and Warehouses, By Region, 2015–2023 (USD Million)
Table 18 Market for University Campuses and Schools, By Region, 2015–2023 (USD Million)
Table 19 Lighting Conditions for Clinics and Hospitals
Table 20 Market for Clinics and Hospitals, By Region, 2015–2023 (USD Million)
Table 21 Market for Others, By Region, 2015–2023 (USD Million)
Table 22 Market, By Region, 2015–2023 (USD Million)
Table 23 Market in Americas, By Display, 2015–2023 (USD Million)
Table 24 Market in Americas, By Type, 2015–2023 (USD Million)
Table 25 Market in Americas, By Application, 2015–2023 (USD Million)
Table 26 Market in Americas, By Lux Range, 2015–2023 (USD Million)
Table 27 Market in Americas, By Country, 2015–2023 (USD Million)
Table 28 Market in US, By Display, 2015–2023 (USD Million)
Table 29 Market in US, By Lux Range, 2015–2023 (USD Million)
Table 30 Market in Canada, By Display, 2015–2023 (USD Million)
Table 31 Market in Canada, By Lux Range, 2015–2023 (USD Million)
Table 32 Market in Rest of Americas, By Display, 2015–2023 (USD Million)
Table 33 Market in Rest of Americas, By Lux Range, 2015–2023 (USD Million)
Table 34 Market in Europe, By Display, 2015–2023 (USD Million)
Table 35 Market in Europe, By Type, 2015–2023 (USD Million)
Table 36 Market in Europe, By Application, 2015–2023 (USD Million)
Table 37 Market in Europe, By Lux Range, 2015–2023 (USD Million)
Table 38 Market in Europe, By Country, 2015–2023 (USD Million)
Table 39 Market in UK, By Display, 2015–2023 (USD Million)
Table 40 Market in UK, By Lux Range, 2015–2023 (USD Million)
Table 41 Market in Germany, By Display, 2015–2023 (USD Million)
Table 42 Market in Germany, By Lux Range, 2015–2023 (USD Million)
Table 43 Market in France, By Display, 2015–2023 (USD Million)
Table 44 Market in France, By Lux Range, 2015–2023 (USD Million)
Table 45 Market in Italy, By Display, 2015–2023 (USD Million)
Table 46 Market in Italy, By Lux Range, 2015–2023 (USD Million)
Table 47 Market in Rest of Europe, By Display, 2015–2023 (USD Million)
Table 48 Market in Rest of Europe, By Lux Range, 2015–2023 (USD Million)
Table 49 Market in APAC, By Display, 2015–2023 (USD Million)
Table 50 Market in APAC, By Type, 2015–2023 (USD Million)
Table 51 Market in APAC, By Application, 2015–2023 (USD Million)
Table 52 Market in APAC, By Lux Range, 2015–2023 (USD Million)
Table 53 Market in APAC, By Country, 2015–2023 (USD Million)
Table 54 Market in China, By Display, 2015–2023 (USD Million)
Table 55 Market in China, By Lux Range, 2015–2023 (USD Million)
Table 56 Market in Japan, By Display, 2015–2023 (USD Million)
Table 57 Market in Japan, By Lux Range, 2015–2023 (USD Million)
Table 58 Market in India, By Display, 2015–2023 (USD Million)
Table 59 Market in India, By Lux Range ,2015–2023 (USD Million)
Table 60 Market in Rest of APAC, By Display, 2015–2023 (USD Million)
Table 61 Market in Rest of APAC, By Lux Range, 2015–2023 (USD Million)
Table 62 Market in RoW, By Display, 2015–2023 (USD Million)
Table 63 Market in RoW, By Type, 2015–2023 (USD Million)
Table 64 Market in RoW, By Application, 2015–2023 (USD Million)
Table 65 Market in RoW, By Lux Range, 2015–2023 (USD Million)
Table 66 Market in RoW, By Region, 2015–2023 (USD Million)
Table 67 Market in Middle East, By Display, 2015–2023 (USD Million)
Table 68 Market in Middle East, By Lux Range, 2015–2023 (USD Million)
Table 69 Market in Africa, By Display, 2015–2023 (USD Million)
Table 70 Market in Africa, By Lux Range, 2015–2023 (USD Million)
Table 71 Market Ranking of Top 5 Players in Market, 2017


List of Figures (43 Figures)

Figure 1 Market Segmentation
Figure 2 Research Design
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Digital Light Meters to Dominate Light Meter Market Between 2018 and 2023
Figure 7 General-Purpose Light Meters to Hold Largest Size of Market Between 2018 and 2023
Figure 8 Photography and Cinematography to Dominate Market Between 2018 and 2023
Figure 9 0–200k Lux to Dominate the market Between 2018 and 2023
Figure 10 Americas to Hold Largest Share of Market in 2018
Figure 11 Increasing Demand for Light Meters in Photography and Cinematography Industry Worldwide is Major Driver for Growth of Market
Figure 12 China Held Largest Share of Market in APAC in 2018
Figure 13 Market for LED Light Meters to Grow at Highest CAGR Between 2018 and 2023
Figure 14 Market for Digital Light Meters to Grow Higher CAGR Between 2018 and 2023
Figure 15 Market for 0–200k Lux to Grow at Higher CAGR Between 2018 and 2023
Figure 16 Market in India to Grow at Highest CAGR Between 2018 and 2023
Figure 17 Market: Drivers, Restraints, Opportunities, and Challenges
Figure 18 Digital Light Meters to Dominate Market Between 2018 and 2023
Figure 19 Market for LED Light Meters to Grow at Highest CAGR Between 2018 and 2023
Figure 20 Market for LED Light Meters in APAC to Grow at Highest CAGR Between 2018 and 2023
Figure 21 0–200k Lux to Dominate Market Between 2018 and 2023
Figure 22 Photography and Cinematography to Dominate Market Between 2018 and 2023
Figure 23 Market for Manufacturing Plants and Warehouses in APAC to Grow at Highest CAGR Between 2018 and 2023
Figure 24 Market: Geographic Snapshot
Figure 25 Market in APAC to Grow at Highest CAGR Between 2018 and 2023
Figure 26 Americas: Market Snapshot
Figure 27 Photography and Cinematography to Dominate Market in APAC Between 2018 and 2023
Figure 28 0–200k Lux to Dominate Market in US Between 2018 and 2023
Figure 29 Snapshot: Market in Europe
Figure 30 Photography and Cinematography Application to Dominate Market in Europe Between 2018 and 2023
Figure 31 Digital Light Meters to Dominate Market in Germany Between 2018 and 2023
Figure 32 Digital Light Meters to DominateMarket in Italy Between 2018 and 2023
Figure 33 Snapshot: Market in APAC
Figure 34 General-Purpose Light Meters to Hold Largest Size of Market in APAC Between 2018 and 2023
Figure 35 Digital Light Meters to Dominate Market in China Between 2018 and 2023
Figure 36 Japanese Government Policies Spurred Deployment of LED Lights
Figure 37 Market in RoW Commercial Spaces to Grow at Highest CAGR Between 2018 and 2023
Figure 38 Product Launches as Key Strategy Adopted By Key Players in the market Between 2014 and 2017
Figure 39 Market Evaluation
Figure 40 Konica Minolta Sensing Americas: Company Snapshot
Figure 41 Flir Systems: Company Snapshot
Figure 42 Sekonic: Company Snapshot
Figure 43 Hioki: Company Snapshot


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