Global Specialty Lighting Market Size & Outlook, 2020-2027

The global specialty lighting market size was estimated at USD 5,567.5 million in 2020 and is projected to reach USD 8,952.5 million by 2027, growing at a CAGR of 7% from 2021 to 2027.
Revenue, 2020 (US$M)
$5,567.5
Forecast, 2027 (US$M)
$8,952.5
CAGR, 2021 - 2027
7%
Report Coverage
Worldwide

Global specialty lighting market highlights

  • The global specialty lighting market generated a revenue of USD 5,567.5 million in 2020 and is expected to reach USD 8,952.5 million by 2027.
  • The market is expected to grow at a CAGR (2021 - 2027) of 7% by 2027.
  • In terms of segment, led accounted for a revenue of USD 3,644.4 million in 2020.
  • LED is the most lucrative light type segment registering the fastest growth during the forecast period.
  • In terms of region, North America was the largest revenue generating market in 2020.
  • Country-wise, Germany is expected to register the highest CAGR from 2021 to 2027.

Global data book summary

Market revenue in 2020USD 5,567.5 million
Market revenue in 2027USD 8,952.5 million
Growth rate7% (CAGR from 2020 to 2027)
Largest segmentLed
Fastest growing segmentLED
Historical data covered2018 - 2019
Base year for estimation2020
Forecast period covered2021 - 2027
Quantitative unitsRevenue in USD million
Market segmentationLED

Other key industry trends

  • In terms of revenue, the North America accounted for 35.4% of the global specialty lighting market in 2020.
  • By country, the U.S. is projected to lead the global market in terms of revenue in 2027.
  • By country, Germany is the fastest growing regional market and is projected to reach USD 698.6 million by 2027.

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Specialty Lighting Market Companies

Name Profile # Employees HQ Website
Waldmann Lighting View profile 11-50 Wheeling, Illinois, United States, North America http://waldmannlighting.com
Brandon Medical View profile 101-250 Leeds, Leeds, United Kingdom, Europe https://www.brandon-medical.co.uk
Advanced Specialty Lighting View profile 11-50 Harwood Heights, Illinois, United States, North America https://www.aslamps.com/
Ushio Inc View profile 5887 2-6-1 Otemachi, Chiyoda-ku, Tokyo, Japan, 100-8150 https://www.ushio.co.jp
Cree LED View profile 101-250 Durham, North Carolina, United States, North America https://cree-led.com
Signify NV View profile 31920 High Tech Campus 48, Eindhoven, Netherlands, 5656 AE https://www.signify.com
OSRAM Licht AG View profile 20378 Tobelbader Strasse 30, Premstaetten, Graz, Austria, 8141 https://www.ams-osram.com
Integra LifeSciences View profile 5001-10000 Princeton, New Jersey, United States, North America http://www.integralife.com
Getinge AB ADR View profile 11862 Lindholmspiren 7A, P.O. Box 8861, Gothenburg, Sweden, SE-417 56 https://www.getinge.com
Steris PLC View profile 17100 5960 Heisley Road, Mentor, OH, United States, 44060 https://www.steris-ir.com

Global specialty lighting market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to specialty lighting market will help companies and investors design strategic landscapes.


Led was the largest segment with a revenue share of 65.46% in 2020. Horizon Databook has segmented the Global specialty lighting market based on led covering the revenue growth of each sub-segment from 2018 to 2027.


  • Global Specialty Lighting Light Type Outlook (Revenue, USD Million, 2018-2027)
    • LED
    • Others
  • Global Specialty Lighting Application Outlook (Revenue, USD Million, 2018-2027)
    • Medical
    • Entertainment
    • Purification
    • Others
  • Global Specialty Lighting Medical Type Outlook (Revenue, USD Million, 2018-2027)
    • Examination Lighting
    • Surgical Lighting

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Horizon Databook provides a detailed overview of global-level data and insights on the Global specialty lighting market, including forecasts for subscribers. This global databook contains high-level insights into Global specialty lighting market from 2018 to 2027, including revenue numbers, major trends, and company profiles.

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Global specialty lighting market size, by regions, 2018-2027 (US$M)

Top 10 countries: Specialty lighting market size, 2020 (US$M)

Global specialty lighting market share, by medical type, 2020 & 2027 (%, US$M)

Specialty lighting market: Opportunity assessment by country

Global specialty lighting market, by region, 2020 (US$M)

Global specialty lighting market size, by regions, 2018-2027 (US$M)

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