Global LED Strip Market Growth 2023-2029

Global LED Strip Market Growth 2023-2029

LED Strip is also called Flex LED Strip. 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 “LED Strip Industry Forecast” looks at past sales and reviews total world LED Strip sales in 2022, providing a comprehensive analysis by region and market sector of projected LED Strip sales for 2023 through 2029. With LED Strip sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world LED Strip industry.
This Insight Report provides a comprehensive analysis of the global 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 LED Strip portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global LED Strip market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for 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 LED Strip.
The global LED Strip market size is projected to grow from US$ 1076.1 million in 2022 to US$ 2980.1 million in 2029; it is expected to grow at a CAGR of 2980.1 from 2023 to 2029.
Global LED Strip key players include OML Technology, Jiasheng Lighting, LEDVANCE, Philips, Forge Europa, etc. Global top five manufacturers hold a share about 25%. Asia-Pacific is the largest market, with a share about 40%, followed by Europe, with a share about 30 percent. In terms of product, 5050 is the largest segment, with a share about 65%. And in terms of application, the largest application is Commercial Application, followed by Home Application.
This report presents a comprehensive overview, market shares, and growth opportunities of LED Strip market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
5050
3528
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.
Forge Europa
LEDVANCE
Ledridge Lighting
Digital Advanced Lighting
Lighting Ever
LEDMY
Key Questions Addressed in this Report
What is the 10-year outlook for the global LED Strip market?
What factors are driving LED Strip market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do LED Strip market opportunities vary by end market size?
How does 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.