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LED Neon Lights Market Trends

  • Report ID: 5674
  • Published Date: Aug 14, 2024
  • Report Format: PDF, PPT

Global LED Neon Lights Market

  1.  Introduction
    1.  Study Objective
    2. Market Taxonomy
    3. Study Assumptions and Abbreviations
  2. Research Methodology
    1. Secondary Research
    2. Primary Research
    3. Data Triangulation
  3. Executive Summary
  4. Global Industry Overview 
    1. Regional Synopsis
    2. Industry Supply Chain Analysis
    3. DROT
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Trends
    4. Government Regulation
    5. Competitive Landscape
      1. LED Neon Flex
      2. Elemental LED
      3. Nova Flex LED
      4. Solid Apollo LED
      5. Lightstec
      6. Elstar
      7. INCISEON
      8. Honest Exhibition Limited
      9. A1designs
      10. Zhongshan J.M.X Electronics Co., Ltd.
      11. Beyond LED Technology
    6. Ongoing Technological Advancements
    7. Type Analysis for LED Neon Lights Market
    8. Price Benchmarking
    9. Patent Analysis
    10. SWOT Analysis
    11. Analysis of Strategic Initiatives Adopted by Key Players
    12. Analysis of Product Performance and Customer Insights
    13. Recent Development Analysis
    14. Supplier/Distributor Analysis
    15. EXIM Analysis
    16. Porter Five Forces Analysis
    17. Industry Risk Assessment
    18. Growth Outlook 
  5. Global Outlook and Projections
    1. Global Overview
      1. Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Increment $ Opportunity Assessment, 2024-2037
      3. Year-on-Year Growth Forecast (%)
    2. Global Segmentation (USD Million), 2024-2037, By
      1. Type, Value (USD Million)
        1. Silicone
        2. PVC
        3. Others
      2. Application, Value (USD Million)
        1. Household
        2. Commercial
      3. Distribution Channel, Value (USD Million)
        1. Online Retail
        2. Offline Retail
      4. Regional Synopsis (USD Million), 2024-2037
        1. North America, Value (USD Million)
        2. Europe, Value (USD Million)
        3. Asia Pacific, Value (USD Million)
        4. Latin America, Value (USD Million)
        5. Middle East and Africa, Value (USD Million)
  6. North America Market
    1. Overview
      1. Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Increment $ Opportunity Assessment, 2024-2037
      3. Year-on-Year Growth Forecast (%)
    2. Segmentation (USD Million), 2024-2037, By
      1. Type, Value (USD Million)
        1. Silicone
        2. PVC
        3. Others
      2. Application, Value (USD Million)
        1. Household
        2. Commercial
      3. Distribution Channel, Value (USD Million)
        1. Online Retail
        2. Offline Retail
      4. Country Level Analysis (USD Million)
        1. US
        2. Canada
  7. Europe Market
    1. Overview
      1. Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Increment $ Opportunity Assessment, 2024-2037
      3. Year-on-Year Growth Forecast (%)
    2. Segmentation (USD Million), 2024-2037, By
      1. Type, Value (USD Million)
        1. Silicone
        2. PVC
        3. Others
      2. Application, Value (USD Million)
        1. Household
        2. Commercial
      3. Distribution Channel, Value (USD Million)
        1. Online Retail
        2. Offline Retail
      4. Country Level Analysis (USD Million)
        1. UK
        2. Germany
        3. France
        4. Italy
        5. Spain
        6. NORDIC
        7. Russia
        8. Rest of Europe
  8. Asia Pacific Market
    1. Overview
      1. Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Increment $ Opportunity Assessment, 2024-2037
      3. Year-on-Year Growth Forecast (%)
    2. Segmentation (USD Million), 2024-2037, By
      1. Type, Value (USD Million)
        1. Silicone
        2. PVC
        3. Others
      2. Application, Value (USD Million)
        1. Household
        2. Commercial
      3. Distribution Channel, Value (USD Million)
        1. Online Retail
        2. Offline Retail
      4. Country Level Analysis (USD Million)
        1. China
        2. Japan
        3. India
        4. Australia
        5. South Korea
        6. Vietnam
        7. Thailand
        8. Singapore
        9. Malaysia
        10. Rest of Asia Pacific
  9. Latin America Market
    1. Overview
      1. Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Increment $ Opportunity Assessment, 2024-2037
      3. Year-on-Year Growth Forecast (%)
    2. Segmentation (USD Million), 2024-2037, By
      1. Type, Value (USD Million)
        1. Silicone
        2. PVC
        3. Others
      2. Application, Value (USD Million)
        1. Household
        2. Commercial
      3. Distribution Channel, Value (USD Million)
        1. Online Retail
        2. Offline Retail
      4. Country-Level Analysis (USD Million)
        1. Brazil
        2. Argentina
        3. Mexico
        4. Rest of Latin America
  10. Middle East & Africa Market
    1. Overview
      1. Market Value (USD Million), Current and Future Projections, 2024-2037
      2. Increment $ Opportunity Assessment, 2024-2037
      3. Year-on-Year Growth Forecast (%)
    2. Segmentation (USD Million), 2024-2037, By
      1. Type, Value (USD Million)
        1. Silicone
        2. PVC
        3. Others
      2. Application, Value (USD Million)
        1. Household
        2. Commercial
      3. Distribution Channel, Value (USD Million)
        1. Online Retail
        2. Offline Retail
      4. Country Level Analysis (USD Million)
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
  11. Global Economic Scenario
    1. World Economic Outlook
  12. About Research Nester
    1. Our Global Clientele
    2. We Serve Clients Across World 

LED Neon Lights Market Trends

Growth Drivers:

  • Rising adoption of LED neon lights for decoration purposes- The increase in popularity of LED neon lights for decorative purposes has further boosted the LED neon lights market growth. These lights are flexible and visually attractive, making them suitable for use in various places such as homes, businesses, and functions. In February 2022, Environmental Lights introduced Pixel EcoFlex 4-in-1 LED Neon, a versatile new product that mixes RGB color blending with white as well as amber color choices. This will provide customers with additional choices for enhancing the aesthetic appeal of a space, hence stimulating more adoption of LED neon lights as decorative devices.
  • Growing demand for eco-friendly, affordable lights: With growing consumer consciousness of environmental sustainability and a strong inclination toward cost-effective lighting solutions, there is an emerging demand for eco-friendly, affordable LED neon lights. Consumers actively seek alternatives to traditional lighting options with less carbon footprint and long-term cost savings. For example, in July 2024, Crazy Neon launched economical, customizable, and energy-efficient LED neon signs for modern spaces and varied needs. This launch answers the rising demand for energy efficiency and environmentally sustainable solutions.
  • Improved LED technology: Improvements in LED technology is another factor driving the LED neon lights market. Dramatic improvements in brightness, color range, and flexibility create more value for both, consumers and businesses. For instance, Signify announced a new line of WiZ smart lighting products in June 2023, showing that the industry is ready for innovation and developing state-of-the-art solutions. Such technological developments enhance the performance and functionalities of LED neon lights and extend their areas of application, which drives further market growth.

Challenges:

  • Higher upfront cost: One major factor that holds back the widespread adoption of this particular LED lighting application, compared with traditional options, is the higher up-front cost of LED neon lights. This acts as a restraint to the price-sensitive consumer, typically found in countries with relatively lower average disposable incomes. As per World Population Review, the average disposable income in the U.S. is, for instance, roughly USD 54,854 as of 2024 per annum. This means that consumers are likely to find the upfront investment in LED neon lights to create a budget overload, hence the reduction in LED neon lights market reach and growth potential.
  • Complex installation: The complex installation of the neon lights is another challenge to the market. This is because, unlike other traditional lighting options that can be easily installed by consumers, LED neon lights require some technical knowledge and expertise. This limits its accessibility to the market by people who lack such skills or are not willing to hire professionals to make an installation.

LED Neon Lights Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

7.5%

Base Year Market Size (2024)

USD 1.3 billion

Forecast Year Market Size (2037)

USD 3.3 billion

Regional Scope
  • North America (U.S. and Canada)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Brazil, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Browse Key Market Insights with Data Illustration:

Author Credits:  Abhishek Verma


  • Report ID: 5674
  • Published Date: Aug 14, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In 2024, the industry size of LED neon lights was USD 1.3 billion.

The global LED neon lights market size is expected to reach USD 1.3 billion in 2024, and is anticipated to surpass USD 3.3 billion by the end of 2037, rising at a CAGR of 7.5% during the forecast period, i.e., 2025-2037. In 2025, the industry size of LED neon lights will be valued at USD 1.4 billion.

Key players in the market are Elemental LED, Nova Flex LED, Solid Apollo LED, Lightstec, Elstar, INCISEON, Honest Exhibition Limited, A1designs, Zhongshan J.M.X Electronics Co., Ltd., and Beyond LED Technology.

The silicone segment is expected to dominate the LED neon lights market, holding a significant share of 44.4% during the forecast period.

Asia Pacific is anticipated to provide lucrative opportunities for expansion to companies in the LED neon lights sector in the coming years.
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