Asia Pacific Stadium Lighting Market

Market Overview

The Asia-Pacific stadium lighting market size was valued at USD 118 million in 2021 and is projected to reach a value of USD 357 million by 2030, registering a CAGR of 8.8% during the forecast period (2022-2030).

Stadium Lighting is utilized for both international and national sporting events. Stadium Lighting Market is driven at a high level by upcoming national and international sporting events, superior stadium experiences for spectators using LED, and low LED costs.

The shift from traditional lighting instruments to new lighting techniques is accelerating the growth of the Asia-Pacific market. Asia-Pacific nations, such as Australia, India, Bangladesh, and Pakistan, have many cricket stadiums and are renowned for staging cricket matches. There are more than 200 stadiums in the Asia-Pacific region, with more in construction.

Highlights

• Light-emitting diodes dominate the market by the light source.
• Outdoor stadium dominates the market by application.
• Football dominates by sports type.

Market Dynamics

Asia-Pacific Stadium Lighting Market Drivers:

Increasing Demand for Energy-Efficient Lighting Solutions

The need to lower energy usage and running expenses is driving the need for energy-efficient lighting solutions. Stadiums and arenas need a substantial amount of electricity for lighting during sporting events and concerts. Energy-efficient lighting options, such as LED lighting, are in greater demand due to growing awareness of energy saving and sustainability.

Due to its many advantages, such as energy economy, little maintenance needs, and long lifespan, LED lighting has become a popular choice. Compared to conventional lighting options, LED lighting is also far more controlled and capable of producing better lighting. For stadium owners and operators, LED lighting in the market can dramatically lower energy consumption and operational expenses.

Growing Popularity of Outdoor Sports Events and Concerts

As outdoor sporting events and music festivals grow in appeal in the Asia-Pacific, so does the desire for superior lighting options to improve the viewing experience. Stadium lighting is crucial for sporting and entertainment events to be colorful and immersive.

A more inviting ambiance, improved visibility, and a safer environment for attendees can all be achieved with high-quality lighting solutions. Additionally, special effects can be produced, branding and advertising can be improved, and lighting solutions will improve the event. The growing need for stadium lighting systems that deliver high-quality lighting and give spectators an unforgettable experience is driven by the popularity of outdoor sporting events and concerts.

Asia-Pacific Stadium Lighting Market Restraints:

Long Lifecycle of Existing Lighting System

Traditional lighting options like metal halide or high-pressure sodium lighting, which have a long lifespan of up to 25,000 hours. The need for new lighting technologies, such as LED lighting, may be constrained by these outdated lighting systems, slowing the expansion of the stadium lighting market.

Although LED lighting has several advantages over traditional lighting options, including energy economy, greater illumination quality, and a long lifespan, installing LED lighting can be expensive initially. If traditional lighting systems have previously been built at a stadium and are still operational and have a lengthy lifespan, stadium owners and operators can be hesitant to invest in new lighting solutions.

Asia-Pacific Stadium Lighting Market Opportunities:

Smart Lighting Solutions

Advanced technology like sensors, wireless connectivity, and software applications are all incorporated into smart lighting solutions to create intelligent, effective, and flexible lighting. By adjusting lighting settings in response to occupancy, activity, and environmental factors, smart lighting solutions can reduce energy use and operational expenses.

Smart lighting solutions can offer many advantages in a stadium setting. For instance, they can improve the spectator experience by offering specialized lighting for various stadium locations, enhancing visibility, and producing a more immersive setting. Stadium owners and operators can improve lighting performance and cut maintenance costs by using smart lighting solutions that enable remote monitoring and control of lighting systems.

Segmental Analysis

Asia-Pacific stadium lighting market is segmented into light source, application, sports type.

The light source segment is further segmented into the light-emitting diode, High-Intensity discharge, High-pressure sodium, and Induction Lights.

The light-emitting diode segment dominated the market and is expected to register a CAGR of 9.8% over the forecast period.

The application segment can be bifurcated by application into Indoor Stadiums and Outdoor stadiums. 

The Outdoor stadium segment dominated the market and is expected to grow at a CAGR of 9.1% during the forecast period.

Based on Sport type, the market is sub-segmented into Cricket, Football, Basketball, Volleyball, Ice hockey, and Others.

Football is expected to dominate the market, registering the highest CAGR of 9.7% over the forecast period.

Regional Analysis

Asia-Pacificis a significant revenue contributor to the market globally and is expected to grow at a CAGR of 8.8% during the forecast period.India hosted several international sporting competitions, including the cricket world cup, the Asian Games, the commonwealth games, and the FIFA under-17 world Cup. Numerous domestic sports leagues exist, including the Indian Premier League, the I-League, and the Indian Super League. In addition to the annual Indian premier league, several other cricket tournaments are also hosted in Indian stadiums, which are anticipated to contribute to the market's growth in the future. Cricket matches are also played at night, necessitating adequate stadium illumination.

The largest stadium in Japan, Nissan Stadium, has hosted numerous soccer, rugby, and American football matches, in addition to the FIFA World Cup and Olympic Games. Japan is one of the most powerful nations in the Asia-Pacific region. Most stadiums in Japan are transitioning from conventional to modern illumination techniques.

South Korea is one of the fastest-growing nations in the Asia-Pacific region and a leading adopter of cutting-edge technologies. Popular sports in the country include football, baseball, and wrestling. South Korea became the first Asian Football Confederation member to ever reach the FIFA World Cup semifinals in 2002, and they did so again in 2010. Therefore, the government and stadium owners are implementing numerous recreational activities in stadiums and arenas to attract more audiences to the country.

Recent Developments

• February 2023- The pioneer in lighting, Signify (Euronext: LIGHT),achieved considerable strides towards achieving the goals of its Brighter Lives, Better World 2025 sustainability program.
• March 2023- A distinctive lighting design by Zumtobel, a division of the Zumtobel Group, highlights the pharmacy's new appearance: For the first time, the CIELUMA lit ceiling uses sculptural display lighting with integrated product shelving.

Asia Pacific Stadium Lighting Market Segmentation

By Light Source 

• Light-Emitting Diode
• High-Intensity Discharge
• High-Pressure Sodium
• Induction Lights

By Application

• Indoor Stadium
• Outdoor Stadium

By Sport Type

• Cricket
• Football
• Basketball
• Volleyball
• Ice hockey
• Others

By Region

• China
• India
• Japan
• Southeast Asia
• Korea
• Australia
• Rest of Asia-Pacific