Programmable Stage Lighting Market to Flourish at a 5% CAGR by 2032

The global programmable stage lighting market is expected to grow at a CAGR of 5% during the forecast period 2022-2032, estimated to reach a market valuation of US$ 1.75 Bn by the end of 2022.

A steady growth rate of 7% was observed in this market between 2017 and 2021. Commercial outdoor and indoor public events for business and recreation were major drivers of this growth. Additionally, their low power requirements have further enhanced uptake. By 2032, LEDs will account for 90% of global sales, according to the International Energy Agency.

Theaters and the sports sector are expected to drive the market in the near future due to an increasing demand for programmable stage lights.

During the forecast period, long lifetimes and cost-effectiveness are projected to be significant factors supporting the growth of the programmable stage lighting market. Furthermore, programmable motion sensors that are coupled with high-quality lighting are expected to augment the market over the forecast period.

There was a significant drop in demand for programmable stage lighting during the COVID-19 pandemic. Due to the imposed lockdowns, trade fairs, business conferences, religious services, and sporting events were canceled in an effort to curb the spread of the disease.