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

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

The LED Strip refers to the LED lamp is soldered on the copper wire or the strip flexible circuit board by a special processing technology, and then connected to the power source for illumination.

Market Overview:

The latest research study on the global LED Strip market finds that the global LED Strip market reached a value of USD 1522.77 million in 2022. It’s expected that the market will achieve USD 3096.46 million by 2028, exhibiting a CAGR of 12.56% during the forecast period.

Opportunities

Improve performance
With the progress in science and technology, more advanced production methods, investment of companies, there will be more cost-effective, high-performance products in the future.

Emerging countries

For example, China, India are developing their industries, with the progress of economy and technology, and the increased demand downstream, the market of LED Strip has great market potential.

Region Overview:

Asia Pacific is projected to account for a considerable share of the LED Strip market and is expected to become the largest region by 2028.

Company Overview:

Osram is one of the major players operating in the LED Strip market, holding a share of 12.66% in 2023.

Osram

OSRAM Licht AG is a multinational lighting manufacturer headquartered in Munich, Germany.

Philips

Koninklijke Philips N.V. is a Dutch multinational technology company headquartered in Amsterdam, one of the largest electronics companies in the world, currently focused in the area of healthcare and lighting.

Segmentation Overview:

By type, 5050 segment accounted for the largest share of market in 2022.

Application Overview:

By application, the Shop/Display Lighting for Retail segment occupied the biggest share from 2018 to 2022.

Key Companies in the global LED Strip market covered in Chapter 3:

Philips
Sidon Lighting
Clear Lighting
Luci
NVC Lighting
OML Technology
Optek Electronics
PAK
LEDMY
Barthelme
Jesco Lighting
Forge Europa
Opple
LED Linear
Ledtronics
Osram

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

3528
5050
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the LED Strip market from 2018 to 2029 covers:

Shop/Display Lighting for Retail
Wall Washer/Glazing
Entertainment
Automobile LED
Others

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)