Architainment Lighting Market Size, Share, And Growth Analysis, By Type (Architectures and Entertainments), By Application (Events, Building Interior Decorations, and Building Exterior Decorations), Regional Forecast to 2028

Updated On: 13 November 2023

REPORT OVERVIEW

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The global architainment lighting market size was US$ 2821 million in 2021. As per our research, the market is expected to generate substantial revenue by 2028, exhibiting a high CAGR of 7.2%. The global COVID-19 pandemic has been unprecedented and staggering, with architainment lightings experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

An event of lighting accenting a room, building, or another architectural piece is known as architainment lighting. The word is a sum up of architecture + entertainment, making it architainment. It breathes life into buildings and highlights their architectural structures. The ambient lighting market may grow due to the increased demand for innovative and pleasant lighting solutions and the requirement for energy-efficient ones. Incorporating the most recent technologies in a lighting system is predicted to accelerate demand for the industry relative to more conventional lighting solutions like incandescent, halogen, compact fluorescent lamps (CFLs), etc. By modifying the potential of digitally controlled LED lights, ambient light technology combines Red, Green, and Blue (RGB) hues. The various configurations are achieved by utilizing a microcontroller to regulate the Lights.

COVID-19 Impact: Supply Chain Disruption Had an Effect on Market Value 

The architainment lighting market was affected by the COVID-19 pandemic. The pandemic led to disruptions in global supply chains, reduced product demand, and a slowdown in manufacturing and distribution. However, the impact of COVID-19 on the industry has not been uniformly negative. With more people staying at home, there has been an increased demand for home lighting solutions, and architainment lighting has proven to be a popular choice due to its energy efficiency and aesthetic appeal. Overall, while the COVID-19 pandemic has presented challenges for the industry, it has also created opportunities for growth and innovation.  

LATEST TRENDS

"Rising Demand for Advanced Lighting in Commercial and Residential Buildings to Augment Major Growth"

The increasing global inclination for smart ambient light is one of the key reasons for boosting the market for ambient lighting. Consumer demand for better interior design with energy-efficient lighting systems is rising. Ongoing technology developments like smart lighting systems in commercial or residential buildings are propelling the growth of architainment lighting. 

Segmentation

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• By Type Analysis

By type, the market is segmented into architecture and entertainment.

• By Application Analysis

Based on application, the market is classified into events, building interior decorations, and building exterior decorations.

DRIVING FACTORS

"Consumers Inclination Toward the Efficient Energy Source to Boost Product Demand"

Increased consumer awareness of resource conservation and concern about global climate change is anticipated to propel architainment lighting market growth in the foreseeable future. Numerous efforts and strategies for energy conservation are being developed by governments of numerous economies worldwide.

"Growing Urbanization to Foster Growth in the Market"

Urbanization growth, advancements in lighting technology, and rising demand for energy-efficient lighting products have all been seen in the industry. The switch from fluorescent to LED lighting systems has made it easier for lighting designers to include a variety of fixtures in both residential and commercial structures. Architectural lighting is consequently becoming very well-liked among interior designers. By enhancing the aesthetic attractiveness of the structure, architectural lights assist in highlighting each part of a huge room, such as a theater, museum, restaurant, or workplace. Additionally, on comparing this lighting with LED light consumes less power, which is likely to boost the adoption of architainment lighting market growth.

RESTRAINING FACTORS

"High Cost of the Product May Retard Market Growth"

The cost of architainment lighting is likely to restrain the market growth. The high cost of this lighting hinders the common population from using it, further leading to a halt in market growth.

REGIONAL INSIGHTS

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"North America to Dominate the Market Due to the Strong Presence of Key Players "

North America is predicted to show major growth in the global market owing to the strong presence of key players in the region. Moreover, the demand for energy-efficient lighting is likely to augment product demand.

Asia Pacific is estimated to hold a significant part of the architainment lighting market share, attributable to the developing infrastructure in the region. The construction industry is constantly expanding, leading to the demand for such lightings.

KEY INDUSTRY PLAYERS

"Key Companies to Emphasis On the Development of Advanced Technology"

Key market players are focused on strengthening their presence by adopting advanced technologies. The competitors are adopting strategies to gain mergers and acquisitions in the global market. Major players of the market are emphasis on gaining collaborations, mergers, and acquisitions is increasing among leading players. The major market players are striving to maintain partnerships with other key players in the same industry. Gaining partnerships with other companies will develop a strong consumer base in the global market. The key competitors are adopting organic and inorganic growth strategies to surge their market share in the global market. 

List of Market Players Profiled

• Martin Professional (Denmark)
• Signify N.V. (Netherlands)
• LumenPulse (Canada)
• ACME (U.S.)
• Osram AG (Germany)
• ROBE Lighting (U.S.)
• Guangzhou Yajiang Photoelectric Equipment CO.,Ltd. (China)
• GTD Lighting (China)
• Guangzhou Haoyang Electronic Co., Ltd. (China)
• PR Light (China)
• Guangzhou ChaiYi Light CO., Ltd (China)
• Chauvet (U.S.)
• Altman Lighting (U.S.)
• Guangzhou Dasen Lighting Corporation Limited (China)
• Robert juliat (France)
• GVA Lighting (Canada)

REPORT COVERAGE

The market research study offers thorough information on numerous market aspects. The growth drivers, restraints, geographical analysis, competitive environment, and challenges are a few of them. Additionally, it provides an analytical analysis of market trends and projections for various factors to show potential investment areas. From 2021 through 2028, the market is objectively assessed to determine its financial viability. The report's data was compiled using a variety of primary and secondary sources.