Global Flex LED Strip Market Growth 2023-2029

Global Flex LED Strip Market Growth 2023-2029

Flex LED strip lights are thin flexible printed circuit boards with LEDs and resistors attached that populated by surface mounted light-emitting diodes (SMD LEDs) that usually comes with an adhesive backing. These LED strips come in many configurations meaning one can be very bright to light an entire room and another less bright for accent lighting. LED flexible strips can also be made to use any usable wavelength or color that is desired for your home or business project.

LPI (LP Information)' newest research report, the “Flex LED Strip Industry Forecast” looks at past sales and reviews total world Flex LED Strip sales in 2022, providing a comprehensive analysis by region and market sector of projected Flex LED Strip sales for 2023 through 2029. With Flex LED Strip sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Flex LED Strip industry.

This Insight Report provides a comprehensive analysis of the global Flex LED Strip landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Flex LED Strip portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Flex LED Strip market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Flex LED Strip and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Flex LED Strip.

The global Flex LED Strip market size is projected to grow from US$ 834.4 million in 2022 to US$ 1836.6 million in 2029; it is expected to grow at a CAGR of 1836.6 from 2023 to 2029.

Global Flex LED Strip key players include OML Technology, Jiasheng Lighting, Osram, Philips, Forge Europa, etc. Global five four manufacturers hold a share over 20%.

China is the largest market, with a share over 35%, followed by Europe and US, both have a share over 40%.

In terms of product, 5050 is the largest segment, with a share over 65%. And in terms of application, the largest application is Commercial Application, followed by Home Application, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Flex LED Strip market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

3528

5050

Others

Segmentation by application

Home Application

Commercial Application

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

OML Technology

Jiasheng Lighting

Osram

Philips

Forge Europa

Sidon Lighting

Optek Electronics

NVC Lighting

Opple

Jesco Lighting

Ledtronics

PAK

FSL

Key Questions Addressed in this Report

What is the 10-year outlook for the global Flex LED Strip market?

What factors are driving Flex LED Strip market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Flex LED Strip market opportunities vary by end market size?

How does Flex LED Strip break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.