Global LED Secondary Optic Market Growth 2023-2029

Global LED Secondary Optic Market Growth 2023-2029

Secondary optics are those optics which exist outside of the LED package, such as reflector, TIR lenses, Fresnel lenses, and pillow lenses. Secondary optics are used to create the desired appearance and beam pattern of the LED signal lamp. LEDs generally emit light at a 120-degree viewing angle. LED applications that require more focused light often use a secondary optic that is placed over the LED, which internally reflects light into a spot, medium spot, wide spot or elliptical spot pattern. Secondary optics are used to modify the output beam of the LED such that the output beam of the finished signal lamp will efficiently meet the desired photometric specification. In addition, secondary optics serve an aesthetic purpose by determining the lit and unlit appearance of the signal lamp. The primary optic is included in the LED package, and the secondary optics are part of the finished signal lamp. There are two primary categories of secondary optics used, those that spread the incoming light (diverging optics), and those that gather the incoming light into a collimated beam (collimating optics).
LPI (LP Information)' newest research report, the “LED Secondary Optic Industry Forecast” looks at past sales and reviews total world LED Secondary Optic sales in 2022, providing a comprehensive analysis by region and market sector of projected LED Secondary Optic sales for 2023 through 2029. With LED Secondary Optic sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world LED Secondary Optic industry.
This Insight Report provides a comprehensive analysis of the global LED Secondary Optic 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 LED Secondary Optic portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global LED Secondary Optic market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for LED Secondary Optic 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 LED Secondary Optic.
The global LED Secondary Optic market size is projected to grow from US$ 1546.6 million in 2022 to US$ 5857.9 million in 2029; it is expected to grow at a CAGR of 5857.9 from 2023 to 2029.
Global LED Secondary Optic key players include Ledlink Optics, LEDIL Oy, Auer Lighting, Bicom Optics, GAGGIONE(Lednlight), etc. Global top five manufacturers hold a share about 20%. China is the largest market, with a share about 35%, followed by China Taiwan, with a share about 20 percent. In terms of product, LED Secondary Lens is the largest segment, with a share about 85%. And in terms of application, the largest application is Commercial Lighting, followed by Street Lighting, Architectural Lighting, Indoor Lighting, Automotive Lighting, etc.
This report presents a comprehensive overview, market shares, and growth opportunities of LED Secondary Optic market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Reflector
LED Secondary Lens
Others
Segmentation by application
Street Lighting
Commercial Lighting
Architectural Lighting
Indoor Lighting
Automotive Lighting
Others
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.
Ledlink Optics
Carclo Optics
Auer Lighting
LEDIL Oy
FRAEN Corporation
GAGGIONE (Lednlight)
Bicom Optics
Darkoo Optics
Aether systems Inc
B&M Optics
ShenZhen Likeda Optical
HENGLI Optical
Brightlx Limited
Kunrui optical
FORTECH
Chun Kuang Optics
Wuxi Kinglux Glass Lens
Key Questions Addressed in this Report
What is the 10-year outlook for the global LED Secondary Optic market?
What factors are driving LED Secondary Optic market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do LED Secondary Optic market opportunities vary by end market size?
How does LED Secondary Optic 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.