What is Ring Lights Market?
A ring light is a multi-purpose lighting instrument that allows users to obtain a homogeneous source of light in a simple and easy-to-use manner. Ring lights are often made up of a single circular light bulb or a series of tiny LED lights connected in a circle shape. Ring lights have become a much-needed studio or household item these days because of their versatility in talking glamour pictures, portraits or even filming videos. Ring lights make it easier for users to create high-quality films and images with less effort, which is driving up demand for ring lights among end-users. The ring lights market has grown greatly in terms of volume as a result of connectivity with mobile apps, and new growth prospects for ring lights market players are projected to emerge. Ring lights, which were first popularised by commercial photographers, are now available in a variety of sizes and types, each of which emphasizes a distinct set of goals, ranging from dimmers on tall mounts to tiny, excellent options for smartphones. Furthermore, rising e-commerce penetration is propelling the ring lights market forward, as these online platforms enable retailers and customers to sell, buy, and compare multiple items all at once. The ring lights market is likely to grow throughout the projected period, owing to the increased popularity of macro photography, video production, and cosmetics applications among millennials. Furthermore, consumer preference for more easy, handy, and efficient lighting solutions for video and photography applications is emerging as a positive driving force in the expansion of the ring lights market around the world.
The market study is being classified by Type (With Stand, Hanging and Portable) and major geographies with country level break-up.
Spectrum Aurora (United States), savage universal (United States), Godox (China), Hensel Frontprojection System, Lylight Electric Co (United States), Shamax Emporium (India), BronElektronik AG (Switzerland), Interfit (United States), Dracast (United States) and Hama (Germany) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Smart Vision Lights (United States), Zhejiang Seming Electronic Co. (China) and Shenzhen Jueying Technology Co. Ltd (China).
The market is highly competitive with several local ang global players present in the market. The major players are trying various product innovation and marketing techniques to gain a competitive advantage in the market Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Ring Lights market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Ring Lights market by Type, Application and Region.
On the basis of geography, the market of Ring Lights has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rising Trend of Macro Photography, Video Production
- Consumer Inclination Towards More Convenient, Handy and Efficient Lightning Tools
- Increased Use by Creators for Social Media Content Creators
Market Trend
- Phone or Camera Mount Ring Light
Restraints
- High Cost of Certain Products
- Lose or Delicate Parts Which Creates a Hurdle
Opportunities
- Self-Isolated People Has Been Diverted Towards Social Media for Photos and Video Making
- Increased Sales due to E-Commerce
Challenges
- Lose or Delicate Parts Which Creates a Hurdle
Key Target Audience
Manufacturers of Ring Lights, Suppliers of Ring Lights, E-Commerce Companies, End-User, Potential Investors and Others