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Looking at the size of the special commercial photo market in 2020, $16.4 billion
Marine lighting: According to estimates, the global LED marine lighting production value in 2016 is 233 million US dollars. Because the lamps on the ship have strict regulatory requirements, compared with general lighting, the unit price is higher and the price is relatively stable. The global shipping industry is under pressure from overcapacity, with a limited number of new vessels, plus a longer life span for marine lighting. Therefore, according to estimates, special lighting for plant lighting, medical surgical lighting, marine lighting, port lighting, and smart lighting will see $16.4 billion in market size by 2020. Plant Lighting: The market prospects for LEDs for plant lighting are quite optimistic, and the market size is expected to grow rapidly. The market size in 2016 was approximately $575 million and is projected to grow to $1.424 billion by 2020. Medical Surgical Lamp Lighting: In 2016, the global medical surgical lighting market reached US$612 million, and it has been growing year by year. According to estimates, the global medical surgical lighting market will grow to 787 million U.S. dollars by 2020. Marine lighting: According to estimates, the global LED marine lighting production value in 2016 is 233 million US dollars. Because the lamps on the ship have strict regulatory requirements, compared with general lighting, the unit price is higher and the price is relatively stable. The global shipping industry is under pressure from overcapacity, with a limited number of new vessels, plus a longer life span for marine lighting. Therefore, the growth kinetic energy of LED ship lighting mostly comes from the replacement of traditional light sources. Therefore, LED ship lighting is a special lighting application with relatively stable output value and high gross profit. Port lighting: According to estimates, the global LED port lighting output value reached 587 million US dollars in 2016. Due to the harsh environmental requirements, lighting fixtures need to have a high degree of protection and erection height. Port lighting fixtures are mostly high-power alternatives to HID. LED lighting fixtures, product price and specifications are much higher than traditional lighting. However, due to the relatively fixed number of terminals and ports, the growth momentum of LED port lighting is mostly due to the replacement of traditional light sources, and it is a special lighting application with relatively stable output value and high gross profit. Smart Lighting: In 2015, the global smart lighting market was estimated to be 1.716 billion US dollars. Although LED lighting has entered the low-cost era, as the smart lighting market is not yet mature, the scale effect has not yet formed, and the related software and hardware products are costly. Therefore, the current smart lighting market is generally small, but with the future technology, product maturity, manufacturers actively promote, smart lighting related concepts popular, the market will continue to grow, is expected to reach 13.427 billion US dollars in 2020.