Global Channel Letter Lighting Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Channel Letter Lighting Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Channel letters are three-dimensional graphic elements with independent structure and independent lighting. In simple terms, a channel letter is any letter, number, or other character that, when combined with other similar characters, forms a symbolic representation. Each letter is made of aluminum sheet and acrylic. Channel letter signs are flexible and can be crafted in a variety of fonts, colors, and sizes. Channel letter lighting refers to the lighting equipment used for aisle letters, almost all internally illuminated channel letters are made using LED lighting, resulting in significant savings in energy costs compared to the usual neon lighting options of the past.

Market Overview:

The latest research study on the global Channel Letter Lighting market finds that the global Channel Letter Lighting market reached a value of USD 251.33 million in 2022. It’s expected that the market will achieve USD 319.52 million by 2028, exhibiting a CAGR of 4.08% during the forecast period.

In recent years, the channel letter lighting industry has made remarkable strides in technological advancement and innovation. On the one hand, benefiting from advances in chip, packaging, and application technologies, the quality of channel letter lighting products has steadily improved. On the other hand, people's demand for energy saving and environmental protection is getting higher and higher. As a new type of lighting product, LED lamps have been widely recognized for their advantages of energy saving, long life, and no pollution. In addition, with the continuous development of technologies such as intelligence and the Internet, technological progress and innovation in the channel letter lighting industry will continue to promote its development, such as improving light efficiency, reducing costs, and accelerating the process of intelligence. In terms of market prospects, as the global awareness of energy conservation and environmental protection continues to strengthen, the market demand for channel letter lighting will continue to grow. At the same time, the application of new technologies such as intelligence and the Internet has brought more opportunities to the channel letter lighting industry. Therefore, it can be seen that the channel letter lighting industry has broad market prospects and development potential.

In addition, judging from the industry's status quo, the irregular and random setting of advertising lighting has caused a lot of glare and chaos, which not only affects the appearance of the city but also causes visual fatigue and physical discomfort to the human body. Therefore, when selecting channel letter lighting products, the requirements for system specifications and quality control are also higher. In recent years, the logo design has been dull and lifeless, and tourists need more sense of integration, interaction, and participation experience. Among them, some companies have launched dynamic logos, interactive logos, smart logos, etc. When night comes, the logo presents another landscape. What is highlighted in front of people is no longer the frozen static beauty of the day, but the logo in the interweaving of lights is added. Dynamic and charming, she can dance and run with you, sing for you, and ignite fireworks for you. In addition, from the perspective of LED, the trend of colorful and full-color products such as RGB or RGBW is becoming more and more apparent, especially in some high-end projects. For example, there are soft strips, modules, long strips, dots, SPI, DMX, and other methods.

Region Overview:

North America had the highest growth rate of all regions.

Company Overview:

BlueviewLED is one of the major players operating in the Channel Letter Lighting market, holding a share of 10.31% in 2022.

Blueview LED is located in Shuangliu Airport Economic Development Zone, Sichuan Province, with a total construction area of 40,000 square meters. It is currently one of the largest production bases for advertising logo light sources and linear commercial lighting sources in China. Blueview LED has a unique full product chain production system in the industry, covering all categories from LED sign light sources to light fixtures. Here, you can find an overall solution for intelligent lighting. Blueview LED pursues the ultimate light experience. After years of intensive research and intelligent work, the high-quality products developed have obtained more than 100 patents and won the national high-tech enterprise certification and the title of Sichuan Provincial Enterprise Technology Center.

Current Lighting Solutions, LLC, doing business as Current, provides lighting solutions. The Company offers tubelights, bulbs, wall ceiling lights, decorational, cutting-edge specification grade lighting, and other related products.

Segmentation Overview:

Among different product types, Front-Lit segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Outdoor segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Channel Letter Lighting market covered in Chapter 3:

AgiLight
G2G lighting
Zlight
Principal Industries
Current
US LED, Ltd
BlueviewLED
Shenzhen Rishang Photoelectric Co., Ltd.
HanleyLED
Inventronics

In Chapter 4 and Chapter 14.2, on the basis of types, the Channel Letter Lighting market from 2018 to 2029 is primarily split into:

Front-Lit
Halo/Reverse-Lit
Open Face
Combination Front & Halo-Lit

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Channel Letter Lighting market from 2018 to 2029 covers:

Indoor
Outdoor

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)