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LED Neon Lights Market Trends

Report ID: GMI6084
Published Date: Jun 2023
Report Format: PDF

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LED Neon Lights Market Trends

The integration of LED neon lights with smart lighting technologies enables remote control, programmable lighting effects, and synchronization with other smart devices. The trend of smart homes and the demand for dynamic & interactive lighting experiences contribute to the growing use of smart LED neon lights. The ability to create captivating lighting designs and visual effects enhances the ambiance of spaces, thereby driving the demand for LED neon lights in household and commercial applications. Increasing disposable incomes and the growing demand for strip lighting for decorative purposes are also expected to drive market demand in the coming years.

Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The market size for LED neon lights was valued at USD 1.26 billion in 2022 and will grow at a CAGR of over 6.5% between 2023 and 2032, backed by the rising emphasis on energy conservation and environmental sustainability.

Silicone LED neon light market segment is expected to witness a CAGR of over 7.5% during 2023 to 2032. Silicone is a highly flexible material that can be easily molded into various shapes & designs, making it ideal for creating intricate & curved structures of LED neon lights.

Asia Pacific held over 30% share in LED neon lights market in 2022 and will continue the upward trend over 2023-2032, owing to the rapid urbanization, infrastructure development, and the booming entertainment industry.

Signify Holding, GE Lighting, Elemental LED Inc., Best Buy Neon Signs, and INCISEON.