Specialty Lighting Market Worth $7.8 billion by 2027

Specialty lighting market is projected to reach USD 7.8 billion by 2027 from USD 5.7 billion in 2022; it is expected to grow at a CAGR of 6.6% from 2022 to 2027 according to a new report by MarketsandMarkets™. Entertainment, medical, and UV lamps are the most prominent applications of specialty lighting.

Other emerging applications of specialty lighting include airport lighting, which holds a high growth potential. Airport lighting includes the lighting systems which are used at airports to support airport operations as well as night flights and improve airport appearance.

Airport lightings are designed to provide visual aid and navigation approach to the pilot during the journey, takeoff, and landing. Owing to their focus on the expansion of airport infrastructure, airports are upgrading their existing lighting systems to reposition themselves as an advanced, world-class-standard airport. This, in turn, is expected to provide new business opportunities for specialty lighting manufacturers during the forecast period.

The major players in the specialty lighting market include Signify (Netherlands), OSRAM (Germany), SMART Global Holdings (Cree LED) (US), Ushio (Japan), Advanced Specialty Lighting (US), Herbert Waldmann (Germany), Getinge AB (Sweden), Brandon Medical (England), Integra Lifesciences (US), American Ultraviolet (US), Steris PLC (UK), Halma (US), and Advanced UV (US).