Global Light-emitting Diode (LED) Market 2025-2029

Light-Emitting Diode (LED) Market 2025-2029

The light-emitting diode (LED) market is forecasted to grow by USD 264.1 million during 2024-2029, accelerating at a CAGR of 19.2% during the forecast period. The report on the light-emitting diode (LED) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing adoption of energy-efficient lighting technologies, enforcement of minamata convention on mercury, and growing demand from automotive sector.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

Technavio's light-emitting diode (LED) market is segmented as below:

By Product

• Luminaires
• Lamps

By Application

• General lighting
• Automotive lighting
• Backlight
• Others

By Distribution Channel

• Offline
• Online

By Type

• SMD LEDs
• High-power LEDs
• Traditional LEDs
• RGB LEDs
• Others

By Geographical Landscape

• APAC
• Europe
• North America
• South America
• Middle East and Africa

This study identifies the growing traction of intelligent lighting systems as one of the prime reasons driving the light-emitting diode (LED) market growth during the next few years. Also, new guidelines and government policies for smart lighting and adoption of LED technology in printers will lead to sizable demand in the market.

The report on the light-emitting diode (LED) market covers the following areas:

• Light-Emitting Diode (LED) Market sizing
• Light-Emitting Diode (LED) Market forecast
• Light-Emitting Diode (LED) Market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading light-emitting diode (LED) market vendors that include Acuity Brands Inc., ams OSRAM AG, Bridgelux Inc., Dialight PLC, Eaton Corp. PLC, Ennostar Inc., EVERLIGHT ELECTRONICS CO. LTD., General Electric Co., GrowRay Lighting Technologies, Havells India Ltd., LITE ON Technology Corp., Lumileds Holding BV, Nichia Corp., Samsung Electronics Co. Ltd., Seoul Semiconductor Co. Ltd., Sharp Corp., Signify NV, SMART Global Holdings Inc., Toyoda Gosei Co. Ltd., and Zumtobel Group AG. Also, the light-emitting diode (LED) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth. Show more