The brightness meter market is projected to witness a strong CAGR of 19.5% during the forecast period of 2022 to 2032. The brightness meter market value is expected to increase from US$ 2.7 Billion in 2021 to reach a valuation of US$ 19.7 Billion by 2032.
| Report Attributes | Details |
| Brightness Meter Market Estimated Base Year Value (2021) | US$ 2.7 Billion |
| Brightness Meter Market Value in 2022 | US$ 3.3 Billion |
| Brightness Meter Market CAGR 2022-2032 | 19.5% |
| Anticipated Brightness Meter Market Value (2032) | US$ 19.7 Billion |
The brightness meter can be used to determine the transparency and optical properties of various materials. The demand for a brightness meter is more as it can measure the brightness of various materials at once and save the data even after the power has been lost.
Textiles, enamel, paint, plastic, paper, cardboard, concrete, chemicals, starch, powders, porcelain, and cosmetics, among several other things, are measured with a brightness meter. It measures the intensity of reflected light, making the calculation easier and quick, creating a huge demand for brightness meters among the contenders.
The outbreak of Covid-19 had a serious impact on the growth of the textile and paper industry resulting in a huge downfall in sales of brightness meters. Following the prevention measures, several industrial sectors regained their strength, including the brightness meter market. Growing investment on the part of the government to encourage small scale industries of essential items is poised to further boost the demand for brightness meters in the coming days.
As per the market analysis report, presently, there has been an increased demand for brightness meters in the digital segment replacing the traditional analogue ones. With the advancement of computer technologies and digitization of production processes, the sales of brightness meters are expected to skyrocket in the industrial automation sector.
The growing trend of better quality products in almost every sector of the manufacturing industry is mostly carried out through the determination of the colour and brightness of the product. In response to this changing scenario, the sales of brightness meter are forecasted to grow exponentially in the coming decade. The demand for brightness meter has also been further augmented by the emergence of some new end user industries such as chemicals and pharmaceuticals.
Growing demand for efficient brightness level management of components in the textile industry is driving the sales of brightness meters in the global market. By using brightness meter, it is possible to have superior and uniform quality textile products worldwide. The main factor responsible for driving the demand for brightness meters.
In the era of cut-throat competition, textile companies are focusing on increased productivity, reducing lead times and improving the quality of the brand. To maintain the uniform quality of the garments across the globe, the companies need to consider the brightness level of the garments, which has created a huge demand for brightness meters in the present time.
The increasing need to measure the brightness in the paper industry is another major contributor to the sales of brightness meters in the manufacturing sector. The brightness of paper is the amount of light reflected from the paper, and it is determined on a scale of 100. The expansion of Paper industries in several parts of the world is anticipated to create more demand for brightness meters in the coming days.
There is a need for various types of paper for different applications having different brightness for every application, like if you want to print the document with a logo or visuals that incorporate warmer tones printed on the page contributing to the higher demand for brightness meter in the paper industries. These are some of the factors fuelling the brightness meter market share around the world.
On the other hand, the lack of awareness about the importance of brightness level management among the end-users is one of the restraints that hamper the sales of brightness meters to potential customers.
The global brightness meter market share is expected to witness substantial growth during the forecast period on the basis of regions. The global brightness meter market is segmented into seven key regions: North America, Europe, Latin America, Middle East & Africa, South Asia, East Asia, and Oceania.
The substantial growth of the film and television industry in East Asia and North America is propelling the sales of brightness meters in these regions. Europe, North America, and East Asia are anticipated to show a significant increase in demand for brightness meter owing to the rapidly growing manufacturing sector.
Furthermore, the presence of key manufacturers like Lisun Instruments Limited and Konica Minolta Sensing Americas, Inc. in East Asia and North America, respectively, are also promoting the sales of brightness meter in these regions.
Some of the key players in the global brightness meter market includes EIE INSTRUMENTS PVT. LTD., Lisun Instruments Limited, X-Rite Incorporated., Shenzhen Sanpo Instrument Co., Ltd., THE BHARAT GROUP, inventfine, Hangzhou Hopoo Light & Color Technology Co. Ltd., PCE Deutschland GmbH, Konica Minolta Sensing Americas, Inc., Aimil, Valmet, Informa UK Limited.
Leading players are consistently focussing on to provide the technically advanced brightness meter.
Major Developments in the Brightness Meter Market
Shenzhen Sanpo Instrument Co., Ltd., one of the leading manufacturer of brightness meter, has recently launched the Screen brightness meter SM208. This is handheld brightness meter having detector powered by silicon photocell with high shock resistance and photo stability that is anticipated to further drive the sales of brightness meter in the future.
| Report Attribute | Details |
| Growth Rate | CAGR of 19.5% from 2022 to 2032 |
| Base Year of Estimation | 2021 |
| Historical Data | 2014-2020 |
| Forecast Period | 2022-2032 |
| Quantitative Units | Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered |
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| Regions Covered |
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| Key Countries Profiled |
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| Key Companies Profiled |
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| Customization scope | Available Upon Request |
| Pricing and Purchase Option | Avail Customized purchase options to meet your exact research needs. |
The brightness meter market share is likely to register a CAGR of 19.5% during the forecast period.
The present value of global brightness meter market share is estimated to be around US$ 3.3 Billion in 2022.
As per the market report, the brightness meter market share is likely to reach US$ 19.7 Billion by 2032.
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