Lamp Lenses Market Trends, Size, Share, Outlook by 2028

KEY MARKET INSIGHTS

 The global lamp lenses market was valued at USD 306.8 Mn in 2021. The market is projected to grow USD 480.1 Mn in 2030, at a CAGR of 6.5%.

 Lamp lenses are used in a variety of applications, including healthcare, transportation, and automobiles. These lenses can be simply attached to any optical system for the transmission or acceptance of parallel light beams, either by fibre connection or directly to the system. Lamp lenses are mostly used for display assessment, such as flicker, white point adjustment, reaction time gamma, and colour analysis, among other things.

 The optical lenses are built in such a way that given stable measurement data, the alignment of the measuring spot may be adjusted.

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EMERGENCE OF MODERN HIGH CONTRASTACCENT LIGHTING IN SUPERMARKETS

KEY INDUSTRY DEVELOPMENTS:

Octover 2021- Luminii acquired two British lighting manufacturers, Precision Lighting and Remote Controlled Lighting to enhance the company’s business presence and increase their customer base.

June 2019- Xiaomi launched LED lamps under the brand name ‘Mi Table Lamp 1S’, exclusively for residential applications.

Increasing Demand in Automotive Industry

The increasing demand of lamp lenses are increasing due to the rising number of automobiles. According to the survey by IBISWorld, the sales of automobile sector has increased by 5.3% from last year to USD 3.8 trillion market size. The growing demand of electric vehicles in developing countries and growth in exports are some of the positive factors for the automobile industry.

KEY INDUSTRY PLAYERS

 Dialight

 APM Hexseal Corporation

 Visual Communications Company

 JKL Components Corporation

 Auer Lighting GmbH

 INTERNATIONAL LIGHT TECHNOLOGIES INC.

 Optikos

 TRIOPTICS GmbH

 LightPath Technologies

REGIONALINSIGHTS

The global lamp lenses market is categorized into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. Europe region is expected to dominate the market share of global lamp lenses market owing to government's regulations regarding energy efficiency programmes. The minimum efficiency criterion for general service lighting was established at 91 lm/W as of September 20, 2021, as per EU legislation. Similarly, the European Union began utilising an A (efficient) to G (inefficient) scale in 2017, with the goal of assisting customers in making better-informed purchasing decisions when it comes to purchasing energy-efficient electronic items.

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