2030年までのLED市場予測：製品、設置タイプ、用途、エンドユーザー、地域別の世界分析

Stratistics MRCによると、LED世界市場は2024年に1,159億米ドルを占め、2030年には2,076億米ドルに達すると予測され、予測期間中のCAGRは10.2%です。

発光ダイオード（LED）は、電流が通ると発光する半導体デバイスです。従来の白熱電球とは異なり、LEDはフィラメントに依存しないため、エネルギー効率が高く、長寿命です。LEDは、住宅や商業施設の照明、自動車のヘッドライト、ディスプレイ画面、街灯、スマート照明システムなどに広く使われています。また、医療機器、農業（栽培用照明）、テレビやスマートフォンなどの家電製品にも欠かせないです。その効率性、耐久性、環境適合性により、様々な用途に好んで使用され、複数の産業における省エネルギーと技術進歩に貢献しています。

スマート照明の需要増加

スマート照明に対する需要の高まりは、エネルギー効率の高い接続型照明ソリューションの採用を増加させ、LED市場を後押ししています。自動化やモノのインターネットと組み合わせることで、スマートLEDは色のカスタマイズ、調光、遠隔操作などの機能を提供し、利便性を高め、エネルギー使用を節約します。LEDのニーズは、スマートシティの成長、省エネに対する政府の優遇措置、スマートホームの利用増加によってさらに高まっています。この動向は、商業、工業、住宅の各分野でLEDの利用を広げると同時に、技術的躍進を加速させています。

高い初期コスト

初期コストの高さはLED市場に大きな障壁をもたらし、長期的なエネルギー節約にもかかわらず普及を制限しています。特に価格に敏感な地域の消費者や企業は、従来の照明に比べて初期費用が高いため、LEDへの投資をためらっています。この経済的な制約が市場浸透を遅らせ、エネルギー効率改善効果を遅らせています。さらに、予算に制限のある産業は安価な代替品を選ぶ可能性があり、LEDメーカーの成長と技術革新が制限され、最終的にLED市場全体の拡大を妨げることになります。

LED技術の進歩

LED技術の進歩は、効率、明るさ、設計の柔軟性を高め、市場拡大を促進します。ミニLED、マイクロLED、有機LED（OLED）などの技術革新により、スマート照明システム、自動車用照明、ディスプレイの性能が向上しています。寿命が長くエネルギー効率が向上することで運用コストが下がり、業界の採用が促進されます。また、従来の照明ソリューションから洗練されたLEDシステムへの移行は、カラーチューニング、調光機能、IoT統合の進歩によって加速され、アプリケーションの可能性が広がり、需要を牽引しています。

熱管理の問題

熱管理の問題は、効率、寿命、性能を低下させることでLED市場を阻害します。過熱はルーメンの劣化、色ずれ、潜在的な故障につながり、メンテナンスコストを増加させる。効果的な熱放散ができないため、高出力LEDアプリケーションは制限され、産業用照明や屋外照明での採用が制限されます。開発メーカーは、費用対効果の高い冷却ソリューションの開発に課題を抱えており、技術革新が遅れています。これらの問題は全体的な信頼性に影響し、重要な高温環境での普及を妨げています。

COVID-19の影響

COVID-19の大流行はLED市場を混乱させ、サプライチェーンの遅延、原材料不足、減産を引き起こしました。操業停止と経済の先行き不透明感により、商業および産業部門の需要が減少しました。しかし、殺菌用UV-C LEDの採用が増加し、スマート照明アプリケーションも増加したため、市場はある程度回復しました。景気が回復すると、特に住宅やインフラプロジェクト向けのエネルギー効率の高い照明ソリューションで需要が回復しました。

LEDディスプレイパネル分野は予測期間中最大になる見込み

LEDディスプレイパネル分野は、広告、エンターテインメント、小売、スポーツなどの業界における需要により、予測期間中最大の市場シェアを占めると予想されます。高解像度、エネルギー効率、耐久性に優れたLEDパネルは、デジタルビルボード、スタジアムディスプレイ、商業用サイネージなどに広く使用されています。企業や公共スペースでのスマートディスプレイ、ビデオウォール、インタラクティブスクリーンの採用拡大が、市場の成長をさらに加速しています。ミニLEDやマイクロLED技術の継続的な進歩が性能を高め、LED市場全体の拡大を後押ししています。

予測期間中、園芸照明分野のCAGRが最も高くなる見込み

予測期間中、園芸照明セグメントは最も高い成長率を示すと予測されています。これは、エネルギー効率が高く、スペクトルが最適化されたLEDが屋内農業や温室アプリケーションで求められているためです。LEDは、調整された光波長を提供することで植物の成長を促進し、収量を向上させ、エネルギーコストを削減します。垂直農法、制御環境農業、大麻栽培の採用が増加しており、需要をさらに加速しています。持続可能な農業と食糧安全保障の取り組みに対する政府の支援もLED採用を後押ししており、園芸用照明はLED市場の主要成長要因となっています。

最大シェアの地域

予測期間中、北米地域は厳しいエネルギー規制とスマート照明ソリューションの需要増加により、最大市場シェアを占めると見られています。住宅、商業、産業分野で広く採用されることでエネルギー効率が向上し、電気代が削減されます。自動車、ヘルスケア、ディスプレイ技術の成長が需要をさらに押し上げます。スマートシティプロジェクトやIoT対応照明システムの進展も市場拡大に寄与しています。さらに、持続可能性とカーボンフットプリント削減に対する意識の高まりが、この地域でのLED採用を加速しています。

CAGRが最も高い地域

予測期間中、アジア太平洋地域が最も高いCAGRを示すと予測されています。これは、スマート照明ソリューションに対するニーズの高まりと都市化の進展によるものです。LEDの技術的ブレークスルーと製造コストの低下により、商業、工業、住宅分野での採用が増加しています。従来の照明からLEDへの移行は、持続可能性の目標や厳しい炭素排出規制によっても加速しています。この地域の市場は、インフラ投資の拡大とスマートシティ開拓の結果として成長しています。

無料カスタマイズサービス：

本レポートをご購読のお客様には、以下の無料カスタマイズオプションのいずれかをご利用いただけます：

• 企業プロファイル
  • 追加市場企業の包括的プロファイリング（3社まで）
  • 主要企業のSWOT分析（3社まで）
• 地域セグメンテーション
  • 顧客の関心に応じた主要国の市場推計・予測・CAGR（注：フィージビリティチェックによる）
• 競合ベンチマーキング
  • 製品ポートフォリオ、地理的プレゼンス、戦略的提携に基づく主要企業のベンチマーキング

目次

第1章 エグゼクティブサマリー

第2章 序文

• 概要
• ステークホルダー
• 調査範囲
• 調査手法
  • データマイニング
  • データ分析
  • データ検証
  • 調査アプローチ
• 調査情報源
  • 1次調査情報源
  • 2次調査情報源
  • 前提条件

第3章 市場動向分析

• 促進要因
• 抑制要因
• 機会
• 脅威
• 製品分析
• 用途分析
• エンドユーザー分析
• 新興市場
• COVID-19の影響

第4章 ポーターのファイブフォース分析

• 供給企業の交渉力
• 買い手の交渉力
• 代替品の脅威
• 新規参入業者の脅威
• 競争企業間の敵対関係

第5章 世界のLED市場：製品別

• LED電球とランプ
• LED照明器具
• LEDディスプレイパネル
• 自動車用LED照明
• 赤外線および紫外線（UV）LED

第6章 世界のLED市場：設置タイプ別

• 新設
• レトロフィット

第7章 世界のLED市場：用途別

• 一般照明
• バックライト
• ディスプレイと看板
• 園芸照明
• ヘルスケアおよび医療機器
• その他の用途

第8章 世界のLED市場：エンドユーザー別

• 住宅
• 商業
• 産業
• 政府および公共インフラ
• その他のエンドユーザー

第9章 世界のLED市場：地域別

• 北米
  • 米国
  • カナダ
  • メキシコ
• 欧州
  • ドイツ
  • 英国
  • イタリア
  • フランス
  • スペイン
  • その他の欧州
• アジア太平洋
  • 日本
  • 中国
  • インド
  • オーストラリア
  • ニュージーランド
  • 韓国
  • その他のアジア太平洋
• 南米
  • アルゼンチン
  • ブラジル
  • チリ
  • その他の南米
• 中東・アフリカ
  • サウジアラビア
  • アラブ首長国連邦
  • カタール
  • 南アフリカ
  • その他の中東・アフリカ

第10章 主な発展

• 契約、パートナーシップ、コラボレーション、合弁事業
• 買収と合併
• 新製品発売
• 事業拡大
• その他の主要戦略

第11章 企業プロファイリング

• Acuity Brands Lighting
• Bridgelux, Inc.
• Cree LED
• Everlight Electronics Co., Ltd.
• Hongli Zhihui Group Co., Ltd.
• Hubbell Lighting
• Kingsun Optoelectronic
• LG Innotek
• MLS Co., Ltd.
• NationStar Optoelectronics
• Nichia Corporation
• Osram Licht AG
• Samsung LED
• San'an Optoelectronics
• Seoul Semiconductor Co., Ltd.
• Sharp Corporation
• Signify
• Toyoda Gosei Co., Ltd.
• Zumtobel Group

List of Tables

• Table 1 Global LED Market Outlook, By Region (2022-2030) ($MN)
• Table 2 Global LED Market Outlook, By Product (2022-2030) ($MN)
• Table 3 Global LED Market Outlook, By LED Bulbs & Lamps (2022-2030) ($MN)
• Table 4 Global LED Market Outlook, By LED Fixtures (2022-2030) ($MN)
• Table 5 Global LED Market Outlook, By LED Display Panels (2022-2030) ($MN)
• Table 6 Global LED Market Outlook, By Automotive LED Lighting (2022-2030) ($MN)
• Table 7 Global LED Market Outlook, By Infrared & Ultraviolet (UV) LEDs (2022-2030) ($MN)
• Table 8 Global LED Market Outlook, By Installation Type (2022-2030) ($MN)
• Table 9 Global LED Market Outlook, By New Installation (2022-2030) ($MN)
• Table 10 Global LED Market Outlook, By Retrofit Installation (2022-2030) ($MN)
• Table 11 Global LED Market Outlook, By Application (2022-2030) ($MN)
• Table 12 Global LED Market Outlook, By General Lighting (2022-2030) ($MN)
• Table 13 Global LED Market Outlook, By Backlighting (2022-2030) ($MN)
• Table 14 Global LED Market Outlook, By Display & Signage (2022-2030) ($MN)
• Table 15 Global LED Market Outlook, By Horticulture Lighting (2022-2030) ($MN)
• Table 16 Global LED Market Outlook, By Healthcare & Medical Devices (2022-2030) ($MN)
• Table 17 Global LED Market Outlook, By Other Applications (2022-2030) ($MN)
• Table 18 Global LED Market Outlook, By End User (2022-2030) ($MN)
• Table 19 Global LED Market Outlook, By Residential (2022-2030) ($MN)
• Table 20 Global LED Market Outlook, By Commercial (2022-2030) ($MN)
• Table 21 Global LED Market Outlook, By Industrial (2022-2030) ($MN)
• Table 22 Global LED Market Outlook, By Government & Public Infrastructure (2022-2030) ($MN)
• Table 23 Global LED Market Outlook, By Other End Users (2022-2030) ($MN)
• Table 24 North America LED Market Outlook, By Country (2022-2030) ($MN)
• Table 25 North America LED Market Outlook, By Product (2022-2030) ($MN)
• Table 26 North America LED Market Outlook, By LED Bulbs & Lamps (2022-2030) ($MN)
• Table 27 North America LED Market Outlook, By LED Fixtures (2022-2030) ($MN)
• Table 28 North America LED Market Outlook, By LED Display Panels (2022-2030) ($MN)
• Table 29 North America LED Market Outlook, By Automotive LED Lighting (2022-2030) ($MN)
• Table 30 North America LED Market Outlook, By Infrared & Ultraviolet (UV) LEDs (2022-2030) ($MN)
• Table 31 North America LED Market Outlook, By Installation Type (2022-2030) ($MN)
• Table 32 North America LED Market Outlook, By New Installation (2022-2030) ($MN)
• Table 33 North America LED Market Outlook, By Retrofit Installation (2022-2030) ($MN)
• Table 34 North America LED Market Outlook, By Application (2022-2030) ($MN)
• Table 35 North America LED Market Outlook, By General Lighting (2022-2030) ($MN)
• Table 36 North America LED Market Outlook, By Backlighting (2022-2030) ($MN)
• Table 37 North America LED Market Outlook, By Display & Signage (2022-2030) ($MN)
• Table 38 North America LED Market Outlook, By Horticulture Lighting (2022-2030) ($MN)
• Table 39 North America LED Market Outlook, By Healthcare & Medical Devices (2022-2030) ($MN)
• Table 40 North America LED Market Outlook, By Other Applications (2022-2030) ($MN)
• Table 41 North America LED Market Outlook, By End User (2022-2030) ($MN)
• Table 42 North America LED Market Outlook, By Residential (2022-2030) ($MN)
• Table 43 North America LED Market Outlook, By Commercial (2022-2030) ($MN)
• Table 44 North America LED Market Outlook, By Industrial (2022-2030) ($MN)
• Table 45 North America LED Market Outlook, By Government & Public Infrastructure (2022-2030) ($MN)
• Table 46 North America LED Market Outlook, By Other End Users (2022-2030) ($MN)
• Table 47 Europe LED Market Outlook, By Country (2022-2030) ($MN)
• Table 48 Europe LED Market Outlook, By Product (2022-2030) ($MN)
• Table 49 Europe LED Market Outlook, By LED Bulbs & Lamps (2022-2030) ($MN)
• Table 50 Europe LED Market Outlook, By LED Fixtures (2022-2030) ($MN)
• Table 51 Europe LED Market Outlook, By LED Display Panels (2022-2030) ($MN)
• Table 52 Europe LED Market Outlook, By Automotive LED Lighting (2022-2030) ($MN)
• Table 53 Europe LED Market Outlook, By Infrared & Ultraviolet (UV) LEDs (2022-2030) ($MN)
• Table 54 Europe LED Market Outlook, By Installation Type (2022-2030) ($MN)
• Table 55 Europe LED Market Outlook, By New Installation (2022-2030) ($MN)
• Table 56 Europe LED Market Outlook, By Retrofit Installation (2022-2030) ($MN)
• Table 57 Europe LED Market Outlook, By Application (2022-2030) ($MN)
• Table 58 Europe LED Market Outlook, By General Lighting (2022-2030) ($MN)
• Table 59 Europe LED Market Outlook, By Backlighting (2022-2030) ($MN)
• Table 60 Europe LED Market Outlook, By Display & Signage (2022-2030) ($MN)
• Table 61 Europe LED Market Outlook, By Horticulture Lighting (2022-2030) ($MN)
• Table 62 Europe LED Market Outlook, By Healthcare & Medical Devices (2022-2030) ($MN)
• Table 63 Europe LED Market Outlook, By Other Applications (2022-2030) ($MN)
• Table 64 Europe LED Market Outlook, By End User (2022-2030) ($MN)
• Table 65 Europe LED Market Outlook, By Residential (2022-2030) ($MN)
• Table 66 Europe LED Market Outlook, By Commercial (2022-2030) ($MN)
• Table 67 Europe LED Market Outlook, By Industrial (2022-2030) ($MN)
• Table 68 Europe LED Market Outlook, By Government & Public Infrastructure (2022-2030) ($MN)
• Table 69 Europe LED Market Outlook, By Other End Users (2022-2030) ($MN)
• Table 70 Asia Pacific LED Market Outlook, By Country (2022-2030) ($MN)
• Table 71 Asia Pacific LED Market Outlook, By Product (2022-2030) ($MN)
• Table 72 Asia Pacific LED Market Outlook, By LED Bulbs & Lamps (2022-2030) ($MN)
• Table 73 Asia Pacific LED Market Outlook, By LED Fixtures (2022-2030) ($MN)
• Table 74 Asia Pacific LED Market Outlook, By LED Display Panels (2022-2030) ($MN)
• Table 75 Asia Pacific LED Market Outlook, By Automotive LED Lighting (2022-2030) ($MN)
• Table 76 Asia Pacific LED Market Outlook, By Infrared & Ultraviolet (UV) LEDs (2022-2030) ($MN)
• Table 77 Asia Pacific LED Market Outlook, By Installation Type (2022-2030) ($MN)
• Table 78 Asia Pacific LED Market Outlook, By New Installation (2022-2030) ($MN)
• Table 79 Asia Pacific LED Market Outlook, By Retrofit Installation (2022-2030) ($MN)
• Table 80 Asia Pacific LED Market Outlook, By Application (2022-2030) ($MN)
• Table 81 Asia Pacific LED Market Outlook, By General Lighting (2022-2030) ($MN)
• Table 82 Asia Pacific LED Market Outlook, By Backlighting (2022-2030) ($MN)
• Table 83 Asia Pacific LED Market Outlook, By Display & Signage (2022-2030) ($MN)
• Table 84 Asia Pacific LED Market Outlook, By Horticulture Lighting (2022-2030) ($MN)
• Table 85 Asia Pacific LED Market Outlook, By Healthcare & Medical Devices (2022-2030) ($MN)
• Table 86 Asia Pacific LED Market Outlook, By Other Applications (2022-2030) ($MN)
• Table 87 Asia Pacific LED Market Outlook, By End User (2022-2030) ($MN)
• Table 88 Asia Pacific LED Market Outlook, By Residential (2022-2030) ($MN)
• Table 89 Asia Pacific LED Market Outlook, By Commercial (2022-2030) ($MN)
• Table 90 Asia Pacific LED Market Outlook, By Industrial (2022-2030) ($MN)
• Table 91 Asia Pacific LED Market Outlook, By Government & Public Infrastructure (2022-2030) ($MN)
• Table 92 Asia Pacific LED Market Outlook, By Other End Users (2022-2030) ($MN)
• Table 93 South America LED Market Outlook, By Country (2022-2030) ($MN)
• Table 94 South America LED Market Outlook, By Product (2022-2030) ($MN)
• Table 95 South America LED Market Outlook, By LED Bulbs & Lamps (2022-2030) ($MN)
• Table 96 South America LED Market Outlook, By LED Fixtures (2022-2030) ($MN)
• Table 97 South America LED Market Outlook, By LED Display Panels (2022-2030) ($MN)
• Table 98 South America LED Market Outlook, By Automotive LED Lighting (2022-2030) ($MN)
• Table 99 South America LED Market Outlook, By Infrared & Ultraviolet (UV) LEDs (2022-2030) ($MN)
• Table 100 South America LED Market Outlook, By Installation Type (2022-2030) ($MN)
• Table 101 South America LED Market Outlook, By New Installation (2022-2030) ($MN)
• Table 102 South America LED Market Outlook, By Retrofit Installation (2022-2030) ($MN)
• Table 103 South America LED Market Outlook, By Application (2022-2030) ($MN)
• Table 104 South America LED Market Outlook, By General Lighting (2022-2030) ($MN)
• Table 105 South America LED Market Outlook, By Backlighting (2022-2030) ($MN)
• Table 106 South America LED Market Outlook, By Display & Signage (2022-2030) ($MN)
• Table 107 South America LED Market Outlook, By Horticulture Lighting (2022-2030) ($MN)
• Table 108 South America LED Market Outlook, By Healthcare & Medical Devices (2022-2030) ($MN)
• Table 109 South America LED Market Outlook, By Other Applications (2022-2030) ($MN)
• Table 110 South America LED Market Outlook, By End User (2022-2030) ($MN)
• Table 111 South America LED Market Outlook, By Residential (2022-2030) ($MN)
• Table 112 South America LED Market Outlook, By Commercial (2022-2030) ($MN)
• Table 113 South America LED Market Outlook, By Industrial (2022-2030) ($MN)
• Table 114 South America LED Market Outlook, By Government & Public Infrastructure (2022-2030) ($MN)
• Table 115 South America LED Market Outlook, By Other End Users (2022-2030) ($MN)
• Table 116 Middle East & Africa LED Market Outlook, By Country (2022-2030) ($MN)
• Table 117 Middle East & Africa LED Market Outlook, By Product (2022-2030) ($MN)
• Table 118 Middle East & Africa LED Market Outlook, By LED Bulbs & Lamps (2022-2030) ($MN)
• Table 119 Middle East & Africa LED Market Outlook, By LED Fixtures (2022-2030) ($MN)
• Table 120 Middle East & Africa LED Market Outlook, By LED Display Panels (2022-2030) ($MN)
• Table 121 Middle East & Africa LED Market Outlook, By Automotive LED Lighting (2022-2030) ($MN)
• Table 122 Middle East & Africa LED Market Outlook, By Infrared & Ultraviolet (UV) LEDs (2022-2030) ($MN)
• Table 123 Middle East & Africa LED Market Outlook, By Installation Type (2022-2030) ($MN)
• Table 124 Middle East & Africa LED Market Outlook, By New Installation (2022-2030) ($MN)
• Table 125 Middle East & Africa LED Market Outlook, By Retrofit Installation (2022-2030) ($MN)
• Table 126 Middle East & Africa LED Market Outlook, By Application (2022-2030) ($MN)
• Table 127 Middle East & Africa LED Market Outlook, By General Lighting (2022-2030) ($MN)
• Table 128 Middle East & Africa LED Market Outlook, By Backlighting (2022-2030) ($MN)
• Table 129 Middle East & Africa LED Market Outlook, By Display & Signage (2022-2030) ($MN)
• Table 130 Middle East & Africa LED Market Outlook, By Horticulture Lighting (2022-2030) ($MN)
• Table 131 Middle East & Africa LED Market Outlook, By Healthcare & Medical Devices (2022-2030) ($MN)
• Table 132 Middle East & Africa LED Market Outlook, By Other Applications (2022-2030) ($MN)
• Table 133 Middle East & Africa LED Market Outlook, By End User (2022-2030) ($MN)
• Table 134 Middle East & Africa LED Market Outlook, By Residential (2022-2030) ($MN)
• Table 135 Middle East & Africa LED Market Outlook, By Commercial (2022-2030) ($MN)
• Table 136 Middle East & Africa LED Market Outlook, By Industrial (2022-2030) ($MN)
• Table 137 Middle East & Africa LED Market Outlook, By Government & Public Infrastructure (2022-2030) ($MN)
• Table 138 Middle East & Africa LED Market Outlook, By Other End Users (2022-2030) ($MN)

According to Stratistics MRC, the Global LED Market is accounted for $115.9 billion in 2024 and is expected to reach $207.6 billion by 2030 growing at a CAGR of 10.2% during the forecast period. A Light Emitting Diode (LED) is a semiconductor device that emits light when an electric current passes through it. Unlike traditional incandescent bulbs, LEDs do not rely on filaments, making them more energy-efficient and long-lasting. LEDs are widely used in residential and commercial lighting, automotive headlights, display screens, streetlights, and smart lighting systems. They are also essential in medical devices, agriculture (grow lights), and consumer electronics like TVs and smartphones. Their efficiency, durability, and eco-friendliness make them a preferred choice for various applications, contributing to energy conservation and technological advancements across multiple industries.

Market Dynamics:

Driver:

Rising Demand for Smart Lighting

The growing demand for smart lighting is propelling the LED market by increasing the adoption of energy-efficient, connected lighting solutions. When combined with automation and the Internet of Things, smart LEDs provide capabilities like color customization, dimming, and remote control that increase convenience and save energy use. The need for LEDs is further increased by the growth of smart cities, government incentives for energy saving, and the increasing usage of smart homes. This trend broadens the use of LEDs in the commercial, industrial, and residential sectors while also quickening technological breakthroughs.

Restraint:

High Initial Costs

High initial costs pose a significant barrier to the LED market, limiting widespread adoption despite long-term energy savings. Consumers and businesses, particularly in price-sensitive regions, hesitate to invest in LEDs due to their higher upfront expenses compared to traditional lighting. This financial constraint slows market penetration, delaying energy efficiency benefits. Additionally, industries with budget limitations may opt for cheaper alternatives, restricting LED manufacturers' growth and innovation, ultimately hindering the overall expansion of the LED market.

Opportunity:

Advancements in LED Technology

LED technological advancements increase efficiency, brightness, and design flexibility, which propels market expansion. Smart lighting systems, automotive lighting, and displays all perform better thanks to innovations like mini-LEDs, micro-LEDs, and organic LEDs (OLEDs). Longer lifespans and improved energy efficiency lower operating costs, which encourages industry adoption. The shift from conventional lighting solutions to sophisticated LED systems is also accelerated by advancements in color tuning, dimming capabilities, and IoT integration, which increase application possibilities and drive demand.

Threat:

Thermal Management Issues

Thermal management issues hinder the LED market by reducing efficiency, lifespan, and performance. Overheating leads to lumen degradation, color shifts, and potential failures, increasing maintenance costs. Ineffective heat dissipation limits high-power LED applications, restricting adoption in industrial and outdoor lighting. Manufacturers face challenges in developing cost-effective cooling solutions, slow innovation. These issues impact overall reliability, deterring widespread use in critical and high-temperature environments.

Covid-19 Impact

The COVID-19 pandemic disrupted the LED market, causing supply chain delays, raw material shortages, and reduced production. Lockdowns and economic uncertainty led to decreased demand in commercial and industrial sectors. However, increased adoption of UV-C LEDs for disinfection and rising smart lighting applications provided some market resilience. As economies recovered, demand rebounded, especially in energy-efficient lighting solutions for residential and infrastructure projects.

The LED display panels segment is expected to be the largest during the forecast period

The LED display panels segment is expected to account for the largest market share during the forecast period, due to demand across industries such as advertising, entertainment, retail, and sports. High-resolution, energy-efficient, and durable LED panels are widely used in digital billboards, stadium displays, and commercial signage. The growing adoption of smart displays, video walls, and interactive screens in corporate and public spaces further accelerates market growth. Continuous advancements in mini-LED and micro-LED technologies enhance performance, boosting overall LED market expansion.

The horticulture lighting segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the horticulture lighting segment is predicted to witness the highest growth rate, due to demand for energy-efficient, spectrum-optimized LEDs in indoor farming and greenhouse applications. LEDs enhance plant growth by providing tailored light wavelengths, improving yield and reducing energy costs. The rising adoption of vertical farming, controlled environment agriculture, and cannabis cultivation further accelerates demand. Government support for sustainable agriculture and food security initiatives also boosts LED adoption, making horticulture lighting a key growth driver in the LED market.

Region with largest share:

During the forecast period, the North America region is expected to hold the largest market share due to strict energy regulations and rising demand for smart lighting solutions. Widespread adoption in residential, commercial, and industrial sectors enhances energy efficiency and reduces electricity costs. Growth in automotive, healthcare, and display technologies further boosts demand. Advancements in smart city projects and IoT-enabled lighting systems also contribute to market expansion. Additionally, increasing awareness of sustainability and carbon footprint reduction accelerates LED adoption across the region.

Region with highest CAGR:

Over the forecast period, the Asia Pacific region is anticipated to exhibit the highest CAGR, due to the increased need for smart lighting solutions and the increase in urbanization. Adoption in the commercial, industrial, and residential sectors has increased due to technological breakthroughs and lower manufacturing costs for LEDs. The transition from conventional illumination to LEDs is also being accelerated by sustainability objectives and strict carbon emission restrictions. The region's market is growing as a result of expanding infrastructure investments and smart city developments.

Key players in the market

Some of the key players profiled in the LED Market include Acuity Brands Lighting, Bridgelux, Inc., Cree LED, Everlight Electronics Co., Ltd., Hongli Zhihui Group Co., Ltd., Hubbell Lighting, Kingsun Optoelectronic, LG Innotek, MLS Co., Ltd., NationStar Optoelectronics, Nichia Corporation, Osram Licht AG, Samsung LED, San'an Optoelectronics, Seoul Semiconductor Co., Ltd., Sharp Corporation, Signify, Toyoda Gosei Co., Ltd. and Zumtobel Group.

Key Developments:

In January 2025, Toyoda Gosei Co., Ltd. has teamed up with major sporting goods manufacturer ASICS Corporation to produce the SKYHAND(TM) OG sneakers using leather remnants generated in the steering wheel manufacturing process

In September 2024, Signify and Agtira are partnering to build a 3000 m2 greenhouse in Haninge, Sweden, equipped with Philips GreenPower LED lighting. To provide optimal lighting conditions for growing fresh vegetables year-round, even in Sweden's challenging low-light environment.

In January 2024, Sharp Corporation signed a memorandum of understanding (MOU) with ENNOCONN Corporation. To synergizing their technologies, products, and sales channels to pioneer fresh initiatives within the smart retail sector.

Products Covered:

• LED Bulbs & Lamps
• LED Fixtures
• LED Display Panels
• Automotive LED Lighting
• Infrared & Ultraviolet (UV) LEDs

Installation Types Covered:

• New Installation
• Retrofit Installation

Applications Covered:

• General Lighting
• Backlighting
• Display & Signage
• Horticulture Lighting
• Healthcare & Medical Devices
• Other Applications

End Users Covered:

• Residential
• Commercial
• Industrial
• Government & Public Infrastructure
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Product Analysis
• 3.7 Application Analysis
• 3.8 End User Analysis
• 3.9 Emerging Markets
• 3.10 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global LED Market, By Product

• 5.1 Introduction
• 5.2 LED Bulbs & Lamps
• 5.3 LED Fixtures
• 5.4 LED Display Panels
• 5.5 Automotive LED Lighting
• 5.6 Infrared & Ultraviolet (UV) LEDs

6 Global LED Market, By Installation Type

• 6.1 Introduction
• 6.2 New Installation
• 6.3 Retrofit Installation

7 Global LED Market, By Application

• 7.1 Introduction
• 7.2 General Lighting
• 7.3 Backlighting
• 7.4 Display & Signage
• 7.5 Horticulture Lighting
• 7.6 Healthcare & Medical Devices
• 7.7 Other Applications

8 Global LED Market, By End User

• 8.1 Introduction
• 8.2 Residential
• 8.3 Commercial
• 8.4 Industrial
• 8.5 Government & Public Infrastructure
• 8.6 Other End Users

9 Global LED Market, By Geography

• 9.1 Introduction
• 9.2 North America
  • 9.2.1 US
  • 9.2.2 Canada
  • 9.2.3 Mexico
• 9.3 Europe
  • 9.3.1 Germany
  • 9.3.2 UK
  • 9.3.3 Italy
  • 9.3.4 France
  • 9.3.5 Spain
  • 9.3.6 Rest of Europe
• 9.4 Asia Pacific
  • 9.4.1 Japan
  • 9.4.2 China
  • 9.4.3 India
  • 9.4.4 Australia
  • 9.4.5 New Zealand
  • 9.4.6 South Korea
  • 9.4.7 Rest of Asia Pacific
• 9.5 South America
  • 9.5.1 Argentina
  • 9.5.2 Brazil
  • 9.5.3 Chile
  • 9.5.4 Rest of South America
• 9.6 Middle East & Africa
  • 9.6.1 Saudi Arabia
  • 9.6.2 UAE
  • 9.6.3 Qatar
  • 9.6.4 South Africa
  • 9.6.5 Rest of Middle East & Africa

10 Key Developments

• 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 10.2 Acquisitions & Mergers
• 10.3 New Product Launch
• 10.4 Expansions
• 10.5 Other Key Strategies

11 Company Profiling

• 11.1 Acuity Brands Lighting
• 11.2 Bridgelux, Inc.
• 11.3 Cree LED
• 11.4 Everlight Electronics Co., Ltd.
• 11.5 Hongli Zhihui Group Co., Ltd.
• 11.6 Hubbell Lighting
• 11.7 Kingsun Optoelectronic
• 11.8 LG Innotek
• 11.9 MLS Co., Ltd.
• 11.10 NationStar Optoelectronics
• 11.11 Nichia Corporation
• 11.12 Osram Licht AG
• 11.13 Samsung LED
• 11.14 San'an Optoelectronics
• 11.15 Seoul Semiconductor Co., Ltd.
• 11.16 Sharp Corporation
• 11.17 Signify
• 11.18 Toyoda Gosei Co., Ltd.
• 11.19 Zumtobel Group