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According to the latest research, the global LED Strip market size was valued at USD 1522.77 million in 2022 and is expected to expand at a CAGR of 12.56% during the forecast period, reaching USD 3096.46 million by 2028.
The LED Strip refers to the LED lamp is soldered on the copper wire or the strip flexible circuit board by a special processing technology, and then connected to the power source for illumination.
Opportunities
Improve performance
With the progress in science and technology, more advanced production methods, investment of companies, there will be more cost-effective, high-performance products in the future.
Emerging countries
For example, China, India are developing their industries, with the progress of economy and technology, and the increased demand downstream, the market of LED Strip has great market potential.
Region Overview:
Asia Pacific is projected to account for a considerable share of the LED Strip market and is expected to become the largest region by 2028.
Company Overview:
Osram is one of the major players operating in the LED Strip market, holding a share of 12.66% in 2023.
Osram
OSRAM Licht AG is a multinational lighting manufacturer headquartered in Munich, Germany.
Philips
Koninklijke Philips N.V. is a Dutch multinational technology company headquartered in Amsterdam, one of the largest electronics companies in the world, currently focused in the area of healthcare and lighting.
Segmentation Overview:
By type, 5050 segment accounted for the largest share of market in 2022.
Application Overview:
By application, the Shop/Display Lighting for Retail segment occupied the biggest share from 2018 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the LED Strip industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of LED Strip. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global LED Strip Market Report Include:
Market Size Estimates: LED Strip market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: LED Strip market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the LED Strip market
Segment Market Analysis: LED Strip market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: LED Strip market situations and prospects in major and top regions and countries
LED Strip Market
LED Strip Industry Chain: LED Strip market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
LED Strip Industry News, Policies by regions
LED Strip Industry Porters Five Forces Analysis
Key players in the global LED Strip market are covered in Chapter 2:
Clear Lighting
OML Technology
Luci
Osram
Optek Electronics
Opple
Forge Europa
LED Linear
Philips
Barthelme
Sidon Lighting
LEDMY
PAK
NVC Lighting
Ledtronics
Jesco Lighting
In Chapter 6 and Chapter 9, on the basis of types, the LED Strip market from 2018 to 2028 is primarily split into:
3528
5050
Others
In Chapter 7 and Chapter 10, on the basis of applications, the LED Strip market from 2018 to 2028 covers:
Shop/Display Lighting for Retail
Wall Washer/Glazing
Entertainment
Automobile LED
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global LED Strip market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the LED Strip industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of LED Strip market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the LED Strip industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on LED Strip market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the LED Strip market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed LED Strip market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
2022
The LED Strip refers to the LED lamp is soldered on the copper wire or the strip flexible circuit board by a special processing technology, and then connected to the power source for illumination.
Opportunities
Improve performance
With the progress in science and technology, more advanced production methods, investment of companies, there will be more cost-effective, high-performance products in the future.
Emerging countries
For example, China, India are developing their industries, with the progress of economy and technology, and the increased demand downstream, the market of LED Strip has great market potential.
Region Overview:
Asia Pacific is projected to account for a considerable share of the LED Strip market and is expected to become the largest region by 2028.
Company Overview:
Osram is one of the major players operating in the LED Strip market, holding a share of 12.66% in 2023.
Osram
OSRAM Licht AG is a multinational lighting manufacturer headquartered in Munich, Germany.
Philips
Koninklijke Philips N.V. is a Dutch multinational technology company headquartered in Amsterdam, one of the largest electronics companies in the world, currently focused in the area of healthcare and lighting.
Segmentation Overview:
By type, 5050 segment accounted for the largest share of market in 2022.
Application Overview:
By application, the Shop/Display Lighting for Retail segment occupied the biggest share from 2018 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the LED Strip industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of LED Strip. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global LED Strip Market Report Include:
Market Size Estimates: LED Strip market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: LED Strip market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the LED Strip market
Segment Market Analysis: LED Strip market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: LED Strip market situations and prospects in major and top regions and countries
LED Strip Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.LED Strip Industry Chain: LED Strip market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
LED Strip Industry News, Policies by regions
LED Strip Industry Porters Five Forces Analysis
Key players in the global LED Strip market are covered in Chapter 2:
Clear Lighting
OML Technology
Luci
Osram
Optek Electronics
Opple
Forge Europa
LED Linear
Philips
Barthelme
Sidon Lighting
LEDMY
PAK
NVC Lighting
Ledtronics
Jesco Lighting
In Chapter 6 and Chapter 9, on the basis of types, the LED Strip market from 2018 to 2028 is primarily split into:
3528
5050
Others
In Chapter 7 and Chapter 10, on the basis of applications, the LED Strip market from 2018 to 2028 covers:
Shop/Display Lighting for Retail
Wall Washer/Glazing
Entertainment
Automobile LED
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global LED Strip market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the LED Strip industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of LED Strip market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the LED Strip industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on LED Strip market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the LED Strip market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed LED Strip market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
