Handheld Light Meter Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Output (Digital, Analog), By Illuminance (0 To 20 Lux, 20 To 200 Lux, 200 To 2000 Lux, Above 2000 Lux), By Application (Video And Photography, Security And Surveillance, Commercial Lighting And Testing, Others), And By Geography - Forecasts From 2022 To 2027
- Published : Apr 2022
- Report Code : KSI061612261
- Pages : 124
The handheld light meter market is projected to grow at a CAGR of 4.80% during the forecast period to reach US$388.450 million by 2027, up from US$279.801 million in 2020.
For calculating light exposure and intensity, a separate instrument is used, which is known as a handheld light meter. The shutter value and aperture which are set in the camera for the proper exposure of the frame at a basic level are determined by the handheld light meter. The handheld light meter can also suggest the best combination of aperture and shutter value required for the right capture of the scene. In the modern era, cameras are equipped with light meters that are built-in, allowing one to take well-exposed images without the use of separate equipment. This built-in circuitry is sufficient for the majority of requirements that one may encounter while using a camera. A handheld light meter, on the other hand, is built to perform one task exceptionally well. That duty entails calculating light levels and relating them to shutter and aperture settings in order to produce a well-exposed photograph in even the most challenging lighting conditions. In order to comprehend shutter speed, a light meter is used in a variety of photography and cinematography applications. Because of the multiple benefits it offers, the photography sector is expected to offer prospective growth for the light meter market. A light meter's data can assist a photographer in better analyzing light, which can enhance the reliability of photos shot with analog devices. These qualities, as well as the diverse applications provided by light meters in various industries, are likely to boost the light meter market over the forecast period.
The demand for higher-quality videos in the film sector is expected to propel the handheld light meter market in the foreseen period.
Over time, the method of video production has progressed significantly. Proper light management is essential to make the video aesthetically pleasing and effective. The handheld light meter is also useful for comparing photographs taken in different settings. Many videographers use a handheld light meter to monitor the light strength in different places during shots. The demand for high-quality recordings in the film industry is increasing, which is expected to boost the market for handheld light meters.
It is expected that the photography industry has the potential to develop the market for handheld light meters due to its great advantages, such as the data offered by a light meter that can assist a photographer in better comprehending light, resulting in higher picture quality. In the lighting industry, there is a growing demand for wireless light meter solutions. Furthermore, rising interest in photography among young people, rising per capita disposable income, and rising demand for high-quality photography by commercial and professional photographers at all hours of the day and night contribute to greater use of handheld light meters, expected to boost future growth. Handheld light meters require various requisite light levels for capturing a portrait or scene in order to exhibit high-quality pictures, which is expected to contribute to the growth of the handheld light meter market during the forecast period, as light plays an essential part in capturing the desired images and videos.
The lack of awareness among end-users about the role of proper lighting, aperture, and shutter value in getting great shots is expected to hamper the market.
The handheld light meter industry is likely to suffer setbacks as more and more substitutes for handheld light meters enter the market. One of the most prominent examples is smartphones, which are now fully equipped with current technology to give high-quality services to users. Another factor that is predicted to slow the growth of the handheld light meter market is the cost associated with the manufacturing of these meters.
The handheld light meter market is expected to surge in Asia-Pacific.
The population boom, increasing expenditure rate, increasing fascination with youth photoshoots, and the fastest-growing cinematic sector are the major factors expected to drive the handheld light meter market in this region. North America is expected to be the second-largest market for handheld light meters. The presence of global leading companies, the use of technological advancements in cinematography, and government initiatives are the factors that are expected to propel the handheld light meter market in this region for the forecasted period.
The expansion of the film industries in North America and East Asia is expected to fuel the growth of the handheld light meter market in these regions. Because of the constantly growing manufacturing sector, East Asia, North America, and Europe are projected to see substantial expansion in the global handheld light meter market. The rising demand for photography-related to marriage and function is also expected to grow the market in these regions, as these regions have a high demand for destination weddings with full swings.
- In February 2022, Ocean Insight acquired International Light Technologies Inc., a leading producer of light measurement and detection systems based in Massachusetts, USA. The aim of combining Ocean Insights and International Light Technologies is to advance the abilities of both companies to meet the need of an increasingly diverse range of applications.
COVID-19 had a huge impact on the handheld light meter industry's allied and ancillary businesses, such as nuptials and big events, which were not as lavishly celebrated as they were in the Vivid era, and governments around the world enacted stringent lockdown laws, causing a slowdown in various markets directly related to photography and events. The jolt caused by the coronavirus in allied industries impacted the production and supply chain of high-end cameras by impacting and slowing down demand for the handheld light meter market.
Handheld Light Meter Market Scope:
|Market size value in 2020||US$279.801 million|
|Market size value in 2027||US$388.450 million|
|Growth Rate||CAGR of 4.80% from 2020 to 2027|
|Forecast Unit (Value)||USD Million|
|Segments covered||Output, Illuminance, Application, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Konica Minolta, Inc, PCE Deutschland GmbH, ATP Instrumentation, International Light Technologies Inc., Hioki e.e. Corporation, Panomex Inc., Center Technology Corp., Step Systems GmbH (a subsidiary of Indega), Edmund Optics Inc.|
|Customization scope||Free report customization with purchase|
Key Market Segments
- By Output
- By Illuminance
- 0 to 20 LUX
- 20 to 200 LUX
- 200 to 2000 LUX
- Above 2000 LUX
- By Application
- By Industry Verticals
- Video and Photography
- Security and Surveillance
- Commercial Lighting and Testing
- By Geography
- North America
- South America
- United Kingdom
- The Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
- North America
Frequently Asked Questions (FAQs)
Q1. What is the size of the global handheld light meter market?
A1. Handheld Light Meter Market was valued at US$279.801 million in the year 2020.
Q2. What will be the handheld light meter market size by 2027?
A2. The handheld light meter market is projected to reach a market size of US$388.450 million by 2027.
Q3. What are the growth prospects for the handheld light meter market?
A3. The global handheld light meter market is projected to grow at a CAGR of 4.80% during the forecast period.
Q4. What factors are anticipated to drive the handheld light meter market growth?
A4. The demand for higher-quality videos in the film sector is expected to propel the handheld light meter market.
Q5. Which region holds the maximum market share in the handheld light meter market?
A5. The Asia Pacific region is expected to dominate the handheld light meter market owing to the population boom, increasing expenditure rate, increasing fascination with youth photoshoots, and the fastest-growing cinematic sector in the region.
1.1. Market Overview
1.2. COVID-19 Scenario
1.3. Market Definition
1.4. Market Segmentation
2. RESEARCH METHODOLOGY
2.1. Research Data
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Force Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. HANDHELD LIGHT METER MARKET, BY OUTPUT
6. HANDHELD LIGHT METER MARKET, BY ILLUMINANCE
6.2. 0 to 20 LUX
6.3. 20 to 200 LUX
6.4. 200 to 2000 LUX
6.5. Above 2000 LUX
7. HANDHELD LIGHT METER MARKET, BY APPLICATION
8. HANDHELD LIGHT METER MARKET, BY INDUSTRY VERTICALS
8.2. Video and Photography
8.3. Security and Surveillance
8.4. Commercial Lighting and Testing
9. HANDHELD LIGHT METER MARKET, BY GEOGRAPHY
9.2. North America
9.2.1. United States
9.3. South America
9.4.3. United Kingdom
9.5. The Middle East and Africa
9.5.1. Saudi Arabia
9.6. Asia Pacific
9.6.4. South Korea
10. COMPETITIVE ENVIRONMENT AND ANALYSIS
10.1. Major Players and Strategy Analysis
10.2. Emerging Players and Market Lucrative
10.3. Mergers, Acquisition, Agreements, and Collaborations
10.4. Vendor Competitiveness Matrix
11. COMPANY PROFILES
11.1. Konica Minolta, Inc.
11.2. PCE Deutschland GmbH
11.3. ATP Instrumentation
11.4. International Light Technologies Inc.
11.5. Hioki e.e. Corporation
11.6. Panomex Inc.
11.7. Center Technology Corp
11.8. Edmund Optics Inc.
11.9. OMEGA Engineering inc.
Konica Minolta, Inc.
PCE Deutschland GmbH
International Light Technologies Inc.
Hioki e.e. Corporation
Center Technology Corp
Edmund Optics Inc.
OMEGA Engineering inc.
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