The global digital LUX meter market size is expected to reach US$ 3.4 Bn in 2022 and exhibit steady growth at a CAGR of 7.1% in the forecast period from 2022 to 2032. 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 be valued at US$ 9.5 Bn in 2032. 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.
Digital LUX meter, also known as 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. Ability of these meters to provide precise measurement of luminescence in a minimum or maximum threshold is another factor that would spur the market.
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Besides, manufacturers are nowadays including high memory storage feature 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 inputting errors.
Which Factors Are Set to Drive Sales of Digital LUX Meters in 2022-2032?
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.
Market Competition
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.
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Key Segments Profiled in the Digital LUX Meter Industry Survey
End Use:
- Educational Institutes
- Agriculture Sector
- Research Centers
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East and Africa
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