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LED Displays, Lighting and Fixtures Market Overview
The LED Displays, Lighting and Fixtures market size is estimated to reach $1110 million by 2026, growing at a CAGR of 24.8% over the forecast period of 2021-2026. LEDs are light-emitting diodes that are often used in stage lights and do not require an external reflector. These lights shine brightly and homogeneously, have a wider light cone opening and give the ambience an aesthetic appeal. LED products have a wide range of uses in advertising, illuminated wallpapers, general lighting, car headlights, traffic signals, and even medical devices. Digital signage has long since replaced billboards in many countries. Today, digital signage boards are widely used and mainly consist of LEDs. The increasing use of LED lighting in residential areas for private purposes is creating a sustainable market for LED displays, lighting and luminaires used by existing market participants and emerging vendors. The application CAGR of LED displays, lighting and luminaires in living areas is forecast to be 26.18% by 2026.
Report Coverage and Scope
The report "LED Displays, Lighting and Fixtures Market" by Research Informatic covers an in-depth detailed analysis for the following segment, covered under the scope.
By Product
By Application:
Geography
Key Takeaways from LED Displays, Lighting and Fixtures Market Report:
By product, the market for HBLED to grow at the highest CAGR during the forecast period
During the forecast period, the market for HBLED is predicted to develop at the fastest rate of XX%. HBLED's have gained significance in mobile electronics owing to their longer life span and reduced cost of LED components. The rise in demand for large screen backlighting is likely to boost market growth. Surface Mounted Display held the largest share largely in 2020, owing to high usage in the media and advertising sector as they provide unique pixel display designs enhancing customer engagement. They also offer more luminosity at a low cost with lower power consumption.
By Application, LED Street Lighting Fixture is likely to hold the largest share during the forecast period.
During the projection period, the LED Street Lighting Fixture is predicted to develop at the fastest CAGR. The increasing awareness regarding the conservation of energy, especially in developing nations, and carbon emission reduction has significantly driven the LED market for lighting applications. Increasing usage in advertisements and promotions is contributing a major source of revenue for the LED Displays, Lighting and Fixtures market.
North America to account for the largest market share during the forecast period.
North America held the largest share for LED Displays, Lighting and Fixtures market in 2020 with a global market share of 35.2%. The demand is higher in North America due to the region's high amount of spending, especially in advertisements and sports events that require major instalment of displays and fixtures. The Asia Pacific is projected to have the fastest growth in the forecast period. It is owing to rapidly increasing lighting applications and the growing demand for backlighting in this region.
Market Dynamics
Driver: Growing demand for LED displays, especially in outdoor advertisements, is attracting market growth.
Improved features such as energy efficiency, environmental friendliness, low cost of ownership, and durability have encouraged marketers and advertisers to use LED displays for advertising campaigns and outdoor advertising. The increasing number of live concerts, sports competitions and corporate exhibitions have further increased the market momentum. High acquisition costs for LED displays have slowed the growth of the LED display market somewhat, especially in price-sensitive economies such as China and India.
Challenge: Frequently change in Design complexities and update
LED Displays, Lighting and Fixtures need to keep pace with time, especially in this modern technology-driven world. The industry norms and technology is evolving with each passing day. LED Displays, Lighting and Fixtures market needs many resources to keep the competition going. Frequent technology updates mean that more funding is needed for new equipment. Training and refresher courses to upgrade employees' skills also require money. In addition, it is a difficult task to switch manufacturing technology, and it is not easy to adopt the latest technology when it is available.
Key Market Players
Key Players in LED Displays, Lighting and Fixtures Market consist of General Electric Company, Osram Light AG, Cree, Inc., Cooper Industries, Inc., Virtual Extension, Dialight PLC, Zumtobel Group, AG, Samsung, and Sharp Corporation, among others.
Recent Developments:
Chapter 1 LED Displays, Lighting and Fixtures Market Overview
1.1 Product Overview and Scope of LED Displays, Lighting and Fixtures
1.2 LED Displays, Lighting and Fixtures Market Segmentation By Type
1.2.1 Conventional LED Display
1.2.2 Surface Mounted Display
1.2.3 Colour LED
1.2.4 Fixed And Portable Fixtures
1.2.5 HBLED
1.3 LED Displays, Lighting and Fixtures Market Segmentation By Application
1.3.1 Backlighting
1.3.2 Signage
1.3.3 LED General Lighting Market
1.3.4 Automotive LED Lighting
1.3.5 Architectural LED Lighting Fixture
1.3.6 Commercial LED Lighting Fixture
1.3.7 LED Street Lighting Fixture
1.3.8 Retail & Refrigerator LED Lighting Fixture
1.3.9 Residential LED Lighting Fixture
1.3.10 Others
1.4 LED Displays, Lighting and Fixtures Market Segmentation by Regions
1.4.1 North America
1.4.2 China
1.4.3 Europe
1.4.4 Southeast Asia
1.4.5 Japan
1.4.6 India
1.5 Global Market Size (Value) of LED Displays, Lighting and Fixtures (2015-2027)
Chapter 2 Global Economic Impact on LED Displays, Lighting and Fixtures Industry
2.1 Global Macroeconomic Environment Analysis
2.1.1 Global Macroeconomic Analysis
2.1.2 Global Macroeconomic Environment Development Trend
2.2 Global Macroeconomic Environment Analysis by Regions
Chapter 3 Global LED Displays, Lighting and Fixtures Market Competition by Manufacturers
3.1 Global LED Displays, Lighting and Fixtures Production and Share by Manufacturers (2021 and 2021)
3.2 Global LED Displays, Lighting and Fixtures Revenue and Share by Manufacturers (2021 and 2021)
3.3 Global LED Displays, Lighting and Fixtures Average Price by Manufacturers (2021 and 2021)
3.4 Manufacturers LED Displays, Lighting and Fixtures Manufacturing Base Distribution, Production Area and Product Type
3.5 LED Displays, Lighting and Fixtures Market Competitive Situation and Trends
3.5.1 LED Displays, Lighting and Fixtures Market Concentration Rate
3.5.2 LED Displays, Lighting and Fixtures Market Share of Top 3 and Top 5 Manufacturers
3.5.3 Mergers & Acquisitions, Expansion
Chapter 4 Global LED Displays, Lighting and Fixtures Production, Revenue (Value) by Region (2015-2021)
4.1 Global LED Displays, Lighting and Fixtures Production by Region (2015-2021)
4.2 Global LED Displays, Lighting and Fixtures Production Market Share by Region (2015-2021)
4.3 Global LED Displays, Lighting and Fixtures Revenue (Value) and Market Share by Region (2015-2021)
4.4 Global LED Displays, Lighting and Fixtures Production, Revenue, Price and Gross Margin (2015-2021)
4.5 North America LED Displays, Lighting and Fixtures Production, Revenue, Price and Gross Margin (2015-2021)
4.6 Europe LED Displays, Lighting and Fixtures Production, Revenue, Price and Gross Margin (2015-2021)
4.7 China LED Displays, Lighting and Fixtures Production, Revenue, Price and Gross Margin (2015-2021)
4.8 Japan LED Displays, Lighting and Fixtures Production, Revenue, Price and Gross Margin (2015-2021)
4.9 Southeast Asia LED Displays, Lighting and Fixtures Production, Revenue, Price and Gross Margin (2015-2021)
4.10 India LED Displays, Lighting and Fixtures Production, Revenue, Price and Gross Margin (2015-2021)
Chapter 5 Global LED Displays, Lighting and Fixtures Supply (Production), Consumption, Export, Import by Regions (2015-2021)
5.1 Global LED Displays, Lighting and Fixtures Consumption by Regions (2015-2021)
5.2 North America LED Displays, Lighting and Fixtures Production, Consumption, Export, Import by Regions (2015-2021)
5.3 Europe LED Displays, Lighting and Fixtures Production, Consumption, Export, Import by Regions (2015-2021)
5.4 China LED Displays, Lighting and Fixtures Production, Consumption, Export, Import by Regions (2015-2021)
5.5 Japan LED Displays, Lighting and Fixtures Production, Consumption, Export, Import by Regions (2015-2021)
5.6 Southeast Asia LED Displays, Lighting and Fixtures Production, Consumption, Export, Import by Regions (2015-2021)
5.7 India LED Displays, Lighting and Fixtures Production, Consumption, Export, Import by Regions (2015-2021)
Chapter 6 Global LED Displays, Lighting and Fixtures Production, Revenue (Value), Price Trend by Type
6.1 Global LED Displays, Lighting and Fixtures Production and Market Share by Type (2015-2021)
6.2 Global LED Displays, Lighting and Fixtures Revenue and Market Share by Type (2015-2021)
6.3 Global LED Displays, Lighting and Fixtures Price by Type (2015-2021)
6.4 Global LED Displays, Lighting and Fixtures Production Growth by Type (2015-2021)
Chapter 7 Global LED Displays, Lighting and Fixtures Market Analysis by Application
7.1 Global LED Displays, Lighting and Fixtures Consumption and Market Share by Application (2015-2021)
7.2 Global LED Displays, Lighting and Fixtures Consumption Growth Rate by Application (2015-2021)
7.3 Market Drivers and Opportunities
7.3.1 Potential Applications
7.3.2 Emerging Markets/Countries
Chapter 8 LED Displays, Lighting and Fixtures Manufacturing Cost Analysis
8.1 LED Displays, Lighting and Fixtures Key Raw Materials Analysis
8.1.1 Key Raw Materials
8.1.2 Price Trend of Key Raw Materials
8.1.3 Key Suppliers of Raw Materials
8.1.4 Market Concentration Rate of Raw Materials
8.2 Proportion of Manufacturing Cost Structure
8.2.1 Raw Materials
8.2.2 Labour Cost
8.2.3 Manufacturing Expenses
8.3 Manufacturing Process Analysis of Nano Diamond Battery
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
9.1 LED Displays, Lighting and Fixtures Industrial Chain Analysis
9.2 Upstream Raw Materials Sourcing
9.3 Raw Materials Sources of LED Displays, Lighting and Fixtures Major Manufacturers in 2021
9.4 Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
10.1 Marketing Channel
10.1.1 Direct Marketing
10.1.2 Indirect Marketing
10.1.3 Marketing Channel Development Trend
10.2 Market Positioning
10.2.1 Pricing Strategy
10.2.2 Brand Strategy
10.2.3 Target Client
10.3 Distributors/Traders List
Chapter 11 Market Effect Factors Analysis
11.1 Technology Progress/Risk
11.1.1 Substitutes Threat
11.1.2 Technology Progress in Related Industry
11.2 Consumer Needs/Customer Preference Change
11.3 Economic/Political Environmental Change
Chapter 12 Global LED Displays, Lighting and Fixtures Market Forecast (2021-2027)
12.1 Global LED Displays, Lighting and Fixtures Production, Revenue Forecast (2021-2027)
12.2 Global LED Displays, Lighting and Fixtures Production, Consumption Forecast by Regions (2021-2027)
12.3 Global LED Displays, Lighting and Fixtures Production Forecast by Type (2021-2027)
12.4 Global LED Displays, Lighting and Fixtures Consumption Forecast by Application (2021-2027)
12.5 LED Displays, Lighting and Fixtures Price Forecast (2021-2027)
Chapter 13 Appendix
The LED Displays, Lighting and Fixtures market size is estimated to reach $1110 million by 2026, growing at a CAGR of 24.8% over the forecast period of 2021-2026.
Growing demand for LED displays, especially in outdoor advertisements, is attracting market growth. Improved features such as energy efficiency, environmental friendliness, low cost of ownership, and durability have encouraged marketers and advertisers to use LED displays for advertising campaigns and outdoor advertising. The increasing number of live concerts, sports competitions and corporate exhibitions have further increased the market momentum.
General Electric Company, Osram Light AG, Cree, Inc., Cooper Industries, Inc., Virtual Extension, Dialight PLC, Zumtobel Group, AG, Samsung, and Sharp Corporation, among others.
North America held the largest share for LED Displays, Lighting and Fixtures market in 2020 with a global market share of 35.2%. The demand is higher in North America due to the region's high amount of spending, especially in advertisements and sports events that require major instalment of displays and fixtures. The
Published On:Nov-21
Base Year:2020
Historical Data:2017-2019
No of Pages:120
LED Displays, Lighting and Fixtures Market By Prod...
RD Code : SE22