Date Announced: 14 Jun 2010 Upper Lake, CA (USA) - ElectroniCast Consultants, a leading market research consultancy, today announced the release of a new market review and forecast of light emitting diode (LED) light panels/fixtures, which are used in TV broadcast, motion pictures and by professional videographers, in the United States.“Tungsten lights, along with HMI (Hydrargyrum Medium-Arc Iodide) and even fluorescent lighting are the dominant technologies in this market sector; however LEDs are gaining in market share and are moving out of the niche applications and are being accepted as a credible light solution,” said Stephen Montgomery, president of International business at ElectroniCast.Another benefit, directly related to the use of LED lighting in studios and sets, is the consumption of less electrical power consumption, since LEDs use less energy for lighting, but also less air conditioning is required since heat generated by an LED is negligible. “Also, television broadcasters and film studios are proud to publicize that they are good corporate citizens by incorporating LEDs in their operations and thereby embracing Green Technology,” Montgomery added.In the broadcast and motion picture sectors, ElectroniCast views a high-importance in the high-tech approach by LED lighting fixture manufacturers that are not only providing LEDs, but a lighting solution to the many challenges in the production of broadcast programming and motion pictures.According to ElectroniCast the consumption of LED production light panel/fixtures, which are used in professional broadcast TV, video and motion pictures/film applications, is forecast to increase at an average annual growth rate of 20.2 percent, during the 2009-2016 timeframe. In terms of consumption value, the market leader was the motion picture industry sector with a 60% relative market share in 2009 (see Figure).ElectroniCast Consultants specializes in forecasting trends in technology forecasting, markets and applications forecasting, strategic planning and consulting. ElectroniCast Consultants, as a technology-based independent forecasting firm, serves industrial companies, trade associations, government agencies, communication and data network companies and the financial community. Reduction of the risk of major investment decisions is the main benefit provided. ElectroniCast Consultants’ goal is to understand the challenges and opportunities facing clients and to provide timely, accurate information for strategic planning.
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This market research report is available immediately, at a fee of $4,800, from ElectroniCast Consultants. For detailed information on this or other services provided by ElectroniCast, please contact Theresa Hosking, Marketing/Sales; Telephone/USA: 707/275-9397
E-mail:[email protected]
