Intelligentization: The global smart lighting market scale grew by 17.6% in 2024. In the future, more LED lighting products will be equipped with intelligent control systems, and smart home lighting products such as bulb lights and ceiling lights will experience rapid growth.- Great Potential in Plant Lighting: The m...
In 2023, the output value of China‘s LED lighting industry increased to 717.38 billion yuan. It is expected that the global LED lighting market scale will grow from 56.626 billion US dollars in 2025 to 63.903 billion US dollars in 2029, with a compound annual growth rate (CAGR) of 2.7% from 2024 to 2029.
there have been frequent consolidations and mergers in the industry. Large enterprises have expanded their market share through mergers and acquisitions, leading to a gradual increase in industry concentration.
LED will achieve cross-border integration with fields such as the Internet of Things (IoT) and new-type displays, and the product structure will continue to be optimized. For example, combined with intelligent control, it is applied in urban lighting to create distinctive light landscapes.
LED Lighting Industry: Deeper Integration with Other Fields READ MORE »
Covering general lighting and special lighting. General lighting includes home, commercial, industrial, and municipal road lighting, etc.; special lighting includes emergency lighting, automotive lighting, etc. LED has a dominant position in the automotive lighting field, accounting for over 60% of the market, and the ...
