The LED Lighting Market report segments the industry into Indoor Lighting (Agricultural Lighting, Commercial, Industrial and Warehouse, Residential), Outdoor Lighting (Public Places, Streets and Roadways, and more), Automotive Utility Lighting, Automotive Vehicle Lighting, and Region.

The US LED Lighting Market report segments the industry into Indoor Lighting (Agricultural Lighting, Commercial, Industrial and Warehouse, and more.), Outdoor Lighting (Public Places, Streets and Roadways, and more.), Automotive Utility Lighting, and Automotive Vehicle Lighting (2 Wheelers, Commercial Vehicles, Passenger Cars).

Global LED Lighting Market size was valued at USD 70.94 Billion in 2023 and is poised to grow from USD 78.74 Billion in 2024 to USD 187.45 Billion by 2032, growing at a CAGR of 11.2% in the forecast period (2025-2032).

The lighting market size is predicted to rise from $136.89 billion in 2024 to $252.65 billion by 2035, growing at a CAGR of 5.72% from 2024 to 2035

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Professional Lighting Market Size 2025-2029

The professional lighting market size is forecast to increase by USD 48.2 billion, at a CAGR of 7.4% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing urbanization and infrastructure development worldwide. As cities expand and modernize, the demand for advanced professional lighting solutions to enhance public spaces, commercial buildings, and outdoor environments is on the rise. This trend is further fueled by technological advancements in lighting, including energy-efficient LED technology and smart lighting systems, which offer improved performance, longevity, and cost savings. Industrial lighting, including low bay and high bay lighting, is adopting advanced ballast technology for improved performance and longevity. However, the high initial cost for professional lighting solutions remains a challenge for market growth. The implementation of these advanced systems can require substantial investment, which may deter some potential buyers. Additionally, the integration of these systems into existing infrastructure can pose complex installation challenges.
To capitalize on market opportunities, companies must focus on offering financing options, flexible pricing structures, and turnkey installation services to help clients overcome these barriers. By addressing these challenges and continuing to innovate, the market players can effectively meet the growing demand for advanced, energy-efficient lighting solutions. A greater use of energy-saving characteristics of LEDs, due to their decreasing cost, and compatibility with the existing lighting fixtures will be a major trend in the market in the coming years.

What will be the Size of the Professional Lighting Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The global professional lighting market has experienced a growing demand for architecture and decorative lighting in the commercial and industrial sectors. The market is experiencing significant advancements, driven by the integration of technology and sustainability. LEED certification, a leading certification for green buildings, prioritizes energy efficiency and the use of sustainable lighting solutions. Light and productivity research highlights the importance of optimal lighting conditions for employee performance. Data analytics is revolutionizing the industry, enabling real-time monitoring of lighting performance and energy usage. Sustainability ratings, such as Energy Star, provide benchmarks for evaluating the environmental impact of lighting systems. Lighting control protocols, including DALI, DMX, and WiFi, facilitate automation and remote management. Lumens per watt, a key performance metric, is continually improving with advancements in LED technology, including phosphor-converted LED, light emitting polymer, and remote phosphor.
Visual acuity and color temperature control are essential considerations for various applications, from office spaces to healthcare facilities. Monitoring light intensity is crucial for precision, especially in light therapy, which influences light and mood positively. Light and sleep research underscores the importance of proper lighting for circadian rhythms. High intensity discharge (HID) and compact fluorescent lamps (CFL) are being replaced by more energy-efficient alternatives, such as solar-powered lighting and intelligent lighting systems. Lighting automation and wireless mesh networks enable seamless control and optimization of lighting systems. Building codes and regulations, such as Title 24 in California, mandate energy efficiency and the use of lighting management systems. Light harvesting and photovoltaic cells are emerging technologies that harness ambient light and convert it into electricity, further reducing energy consumption.

How is this Professional Lighting Industry segmented?

The professional lighting industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  LED lighting
  Conventional lighting
  Smart lighting


Component

  Luminaries
  Control systems


Distribution Channel

  Offline
  Online


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    UK


  APAC

    Australia
    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Type Insights

The LED lighting segment is estimated to witness significant growth during the forecast period. The market is experiencing significant growth due to the increasing adoption of energy-efficient LED components and LED-based luminaires. LEDs' energy

The North America LED Lighting Market report segments the industry into Indoor Lighting (Agricultural Lighting, Commercial, Industrial and Warehouse, and more), Outdoor Lighting (Public Places, and more), Automotive Utility Lighting (Daytime Running Lights (DRL), and more), Automotive Vehicle Lighting (2 Wheelers, Commercial Vehicles, Passenger Cars), and Country (United States, Rest of North America).

United States LED Lighting Market was valued at USD 12.0 Billion in 2024 and is projected to reach USD 18.41 Billion by 2031, growing at a CAGR of 5.5% during the forecast period 2024-2031.

U.S. LED Lighting Market Drivers

Energy Efficiency: LED lighting offers significantly higher energy efficiency compared to traditional lighting technologies, leading to lower energy costs and reduced carbon emissions.

Longer Lifespan: LED lights have a much longer lifespan than traditional incandescent or fluorescent bulbs, reducing maintenance costs and waste.

Diverse Applications: LED lighting is versatile and can be used in various applications, including residential, commercial, industrial, and outdoor lighting.

Government Incentives and Regulations: Government incentives and energy-efficient regulations are driving the adoption of LED lighting.

The global LED lighting market was valued at US$ 94.52 billion in 2024 and is set to reach around US$ 254.23 billion by 2034 at a CAGR of about 10.4% from 2025 to 2034.

US LED Market size was valued at USD 13.3 Billion in 2023 and is projected to reach USD 31.97 Billion by 2031, growing at a CAGR of 11.59% from 2024 to 2031.

US LED Market Drivers

Significant Energy Savings: LEDs consume far less electricity compared to traditional incandescent and fluorescent lighting, converting more energy into light rather than heat. This high-efficiency results in substantial cost savings on electricity bills for households, businesses, and industries.

Extended Lifespan: LEDs have a much longer operational life, often lasting up to 25,000 to 50,000 hours, which reduces the frequency and cost of replacements.

High Luminous Efficacy: LEDs offer better lumen output per watt, providing brighter illumination for less energy. This makes them ideal for various applications, from residential lighting to large-scale industrial usage.

Federal and State Programs: Numerous initiatives, such as the Energy Star certification program, provide guidelines and incentives for adopting energy-efficient lighting. Rebates and tax incentives at both federal and state levels help offset the initial cost of transitioning to LED technology.

According to Cognitive Market Research, the Global Lighting market size will be $172,413.70 Million by 2030.

The Europe Lighting market size is anticipated to reach at USD 53,417.21 Million in 2029.

Market Dynamics of Lighting Market

Key Drivers for Lighting Market

Demand for Artificial Lighting to Boost Driving Market Growth

The demand for artificial lighting is a significant driver of market growth, fueled by factors such as urbanization, technological advancements, and the increasing need for energy-efficient solutions. As urban populations grow, the need for effective and sustainable lighting solutions becomes more pressing. Technological innovations, especially in LED and smart lighting technologies, have led to products that offer enhanced energy efficiency and longer lifespans. Additionally, the global emphasis on sustainability and energy conservation has prompted both consumers and businesses to adopt energy-efficient lighting solutions. These factors collectively contribute to the robust demand for artificial lighting across various sectors.

Key Restraints for Lighting Market

Setting up New Manufacturing Plants to Hamper Market Growth

Establishing new manufacturing facilities in the lighting industry presents several challenges. The initial capital investment required for setting up plants is substantial, encompassing costs for land acquisition, construction, machinery, and technology. Additionally, the complexity of integrating advanced technologies and ensuring compliance with stringent environmental and safety regulations can delay production timelines. Labor shortages and the need for a skilled workforce further complicate operations, leading to increased training costs and potential delays in achieving optimal productivity. These factors collectively contribute to higher operational costs and can strain financial resources, affecting the overall profitability and growth prospects of lighting manufacturers.

Key Trends for Lighting Market

Rising Adoption of Solar to Create Opportunities in the Market 

The growing adoption of solar energy presents significant opportunities in the lighting market, particularly in regions with abundant sunlight. Advancements in photovoltaic technology and decreasing costs of solar panels have made solar-powered lighting solutions more accessible and cost-effective. Government incentives and policies, such as subsidies and tax breaks, further encourage the adoption of solar lighting systems. These developments not only promote energy efficiency and sustainability but also reduce dependence on conventional power sources, contributing to a cleaner environment. Therefore, the integration of solar energy into lighting solutions is becoming increasingly prevalent, driving growth in the market. For instance, in November 2024, a survey revealed that 52% of Indians are open to adopting solar power if incentivized with easy financing support. (Source:https://the-good.in/2024/11/18/52-indians-open-to-adopt-solar-power-if-incentivised-with-easy-financing-support-luminous-survey/?)
Introduction of the Lighting Market

The Lighting industry is experiencing significant transformation, driven by advancements in smart lighting technologies, increasing demand for energy-efficient solutions, and growing emphasis on sustainability. Smart lighting systems, powered by IoT and AI, are enhancing user experience through automation and energy optimization. However, challenges such as supply chain disruptions and regulatory complexities pose risks to market growth. Innovations like organic light-emitting diodes (OLEDs) and human-centric lighting are redefining design possibilities, offering improved energy efficiency and user well-being. These developments are shaping a more connected, sustainable, and user-centric lighting landscape. For instance, in December 2024, Light + LED Expo India attracted over 11,000 visitors, emphasizing the industry's shift towards intelligent and sustainable lighting solutions. (Source:https://www.in.messefrankfurt.com/mumbai/en/press/press-releases/2024/Sparking-business-and-innovations-the-29th-edition-of-Light-LED-Expo-India-2024-wraps-up-attracting-11211-visitors.html?)

The LED Lighting Market size was valued at USD 81.48 billion in 2023 and is projected to reach USD 169.17 billion by 2032, exhibiting a CAGR of 11.0 % during the forecasts period. LED is a highly energy-efficient lighting technology, and has the potential to fundamentally change the future of lighting in the United States. Residential LEDs especially ENERGY STAR rated products use at least 75% less energy, and last up to 25 times longer, than incandescent lighting.The light-emitting diode (LED) is today's most energy-efficient and rapidly developing lighting technology. Quality LED light bulbs last longer, are more durable, and offer comparable or better light quality than other types of lighting. This growth is attributed to various factors: Recent developments include: In October 2023, YEELIGHT launched its new LED product, The Yeelight Beam, featuring a tabletop-style design with a headphone stand. This light is easy to set up and can be controlled with multiple smart control applications such as Apple HomeKit, Amazon Alexa, and Google. , In October 2023, electric company Halonix Technologies launched an LED bulb, UP-DOWN GLOW, featuring three switch-enabled modes in India. This light's dome, an upper part and stem, a lower part glows in multiple colors, enhancing the consumer's experience. , In September 2023, LED lighting provider US LED introduced a new series of outdoor LED luminaires, Right Choice, to improve the user's experience in sightseeing. The LED lighting design is contractor friendly as it poses trunnion mount, direct pole mount, and adjustable slip fitter. , In July 2023, Zumtobel introduced two intelligent lighting technology systems and three new luminaires in its product portfolio. These cutting-edge solutions include the TRAMAO pendant luminaire for hotels and offices, which effectually absorbs sound and delivers the highest light quality, and the SLOTLIGHT infinity II light line family. , In May 2023, Dialight announced the launch of its industry-leading 7-year warranty for Aviation Obstruction Lighting Solutions. This initiative highlighted the company’s commitment to both customer satisfaction and product quality in the LED lighting market. , In May 2023, Zumtobel launched the all-new high-accuracy positioning luminaires. These new luminaires are integrated with IoT for smart analyses in logistic, retail, and industrial applications. , In May 2023, Dialight launched the ProSite High Mast, an extension of the company’s ProSite Floodlight series. This advanced solution is a precision-engineered LED lighting fixture purposed to support mounting heights of up to 130 feet for diverse outdoor industrial applications, including airports, rail yards, container yards, transport, parking lots, product stockpiles, and perimeter lighting. , In April 2023, Cree Lighting unveiled the launch of its OSQ Series C mid-power LED Area and Flood luminaires. These solutions feature the groundbreaking NanoComfort Technology, delivering matchless efficiency, astonishing visual comfort, precise control, reduced wind load requirements, and ease of installation. .

The global automotive lighting market is valued at USD 42.05 billion in 2025 and is projected to expand to USD 78.94 billion by 2035, growing at a CAGR of 6.5% over the forecast period.

Attribute	Details
Market Size (2025)	USD 42.05 billion
Market Size (2035)	USD 78.94 billion
CAGR (2025 to 2035)	6.5%

Analyzing Automotive Lighting Market by Top Investment Segments

Light Source	Share (2025)
LED	55%

Application	CAGR (2025 to 2035)
Front Headlights	6.9%

Vehicle Type	CAGR (2025 to 2035)
SUV	7.2%

Sales Channel	CAGR (2025 to 2035)
OEM	6.7%

Country-wise Insights

Country	CAGR (2025 to 2035)
United States	6.6%

Country	CAGR (2025 to 2035)
United Kingdom	6.3%

Region	CAGR (2025 to 2035)
European Union	6.5%

Country	CAGR (2025 to 2035)
Japan	6.4%

Country	CAGR (2025 to 2035)
South Korea	6.7%

The global LED lighting market size reached USD 90.3 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 183.7 Billion by 2033, exhibiting a growth rate (CAGR) of 8.2% during 2025-2033. The growing demand for energy-efficient and cost-saving lighting solutions, rising environmental concerns among individuals, and favorable government initiatives to reduce emissions are some of the major factors propelling the market.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 90.3 Billion
Market Forecast in 2033	USD 183.7 Billion
Market Growth Rate 2025-2033	8.2%

IMARC Group provides an analysis of the key trends in each segment of the global LED lighting market report, along with forecasts at the global, regional and country levels from 2025-2033. Our report has categorized the market based on application.

The size of the UK Indoor LED Lighting market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 9.87% during the forecast period.It is known as light-emitting diode or LED technology applied for lighting in interior spaces. They are not the same as conventional lighting products, including incandescent or fluorescent lamps. LEDs save energy, last longer, and are also eco-friendly. They exist with various color temperatures and illuminance levels, and therefore it is possible to have tailored lighting solutions for every indoor space. Indoor LED lighting in the UK has recently grown at a tremendous pace. Improved knowledge about LED lighting has, in turn, ensured that the energy efficiency and sustainability are maximized in their applications. As a result, in all sectors of human life - residential, commercial, and industrial - use of LED lightings is becoming an imperative: achieving all-around lighting with the proper saving of energy and improving ambiance. Quite predominantly, places like offices, shops, and hotels are using LEDs hugely to reduce their consumption of electricity while simultaneously improving the quality of lighting together with ambiance. Apart from this, industrial uses will also enjoy their strength and reliability in adverse conditions. Further, the effort of the UK government for saving energy and sustainability has played a pivotal role in upgrading the use of LED lighting. Over time, technology is coming forward every day, and hence, LED lighting solutions are becoming cheap along with versatility to go with numerous applications in the UK market. Recent developments include: April 2023: Luminaire LED, a recognized leader in vandal-resistant lighting systems, announced the launch of its Vandal Resistant Downlight (VRDL) line, the company's first downlight. The architecturally designed series has a clean, elegant style while also being able to withstand hard abuse and demanding situations.March 2023: Aculux, a precision luminaire manufacturer, has announced improvements to its AXE series, its highest-performing family of architectural recessed downlights that feature industry-leading cut-off and glare control to produce quiet ceilings.January 2023: Juno displayed RetroBasicsTM LED Trim Kits, which contain both switchable and smart downlights to mix and match in residential and light commercial settings, at the NAHB International Builders Show (IBS) in Acuity Brands Booth W2974 from January 31 to February 2.. Key drivers for this market are: High demand for LED lighting in the outdoor lighting segment driven by smart development initiatives, Increasing awareness among households on LED and favorable government regulations​; Steady reduction in the prices of LED lighting products and higher shelf life ​. Potential restraints include: High Initial Cost of Installations. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

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LED Lighting Market Size 2025-2029

The led lighting market size is forecast to increase by USD 47.3 billion, at a CAGR of 8.5% between 2024 and 2029.

The market is experiencing significant growth, driven primarily by the declining manufacturing costs of LED lights. This cost reduction has made LED lighting increasingly competitive with traditional lighting solutions, leading to widespread adoption across various industries. However, the market also faces challenges, including the limited thermal tolerance of LEDs when installed in industrial facilities. This issue can lead to reduced lifespan and performance, necessitating careful consideration in the design and implementation of LED lighting systems. Additionally, the emergence of smart cities is creating new opportunities for LED lighting, as energy efficiency and connectivity become key priorities for urban infrastructure development.
Companies seeking to capitalize on these trends should focus on developing innovative LED lighting solutions that address thermal management challenges and offer advanced features such as energy savings, remote control, and integration with smart city infrastructure. By addressing these market dynamics effectively, businesses can position themselves for success in the evolving LED lighting landscape.

What will be the Size of the LED Lighting Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market continues to evolve, driven by advancements in technology and its applications across various sectors. Residential lighting integrates energy management systems, LED assembly, and wireless lighting control to create efficient and customizable solutions. In industrial settings, LED high bays, heat sinks, reflectors, and smart lighting control systems enhance building automation and energy efficiency. LED regulations and standards shape the market, influencing the development of LED lenses, certifications, and manufacturing processes. Outdoor lighting applications, including LED streetlights, landscape lighting, and retrofit kits, contribute to energy savings and reduced light pollution. Indoor lighting, hospitality lighting, and retail environments utilize LED panels, color temperature adjustments, and dimmable options for enhanced user experiences.

LED chips and manufacturing processes improve lumen output, power consumption, and color-tunable capabilities. The integration of IoT connectivity, lighting design, and human-centric lighting further expands the market's potential. LED downlights, architectural lighting, and floodlights cater to diverse industries and applications, ensuring the market remains a dynamic and innovative force.

How is this LED Lighting Industry segmented?

The led lighting industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Residential
  Commercial
  Outdoor
  Industrial
  Others


Product

  Luminaries
  Lamps


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  APAC

    China
    India
    Japan


  South America

    Brazil


  Rest of World (ROW)

By Application Insights

The residential segment is estimated to witness significant growth during the forecast period.

The market is experiencing significant growth due to the increasing adoption of energy-efficient lighting solutions across various applications. In 2024, the residential segment led the market, driven by urbanization and the trend towards energy efficiency. Consumers are now prioritizing trendy and personalized LED lighting systems for home decoration, leading to increased demand. Governments worldwide are also supporting this shift by offering subsidies on LED lighting, recognizing its energy efficiency advantages over traditional lighting. Industrial lighting, including LED high bays, is another major application segment, with the need for robust and long-lasting lighting solutions driving demand.

Smart lighting and lighting control systems are gaining popularity in commercial and industrial settings, with building automation and energy management playing crucial roles. LED regulations and standards ensure the quality and safety of these systems, while LED manufacturing continues to advance with innovations in LED chips, panels, and diffusers. Outdoor lighting, including LED floodlights and spotlights, is essential for safety and security, while LED retrofit kits offer cost-effective upgrades for existing lighting infrastructure. LED streetlights are becoming increasingly common due to their energy efficiency and longevity. Landscape lighting and architect

The global lighting market size reached USD 141.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 219.7 Billion by 2033, exhibiting a growth rate (CAGR) of 5.01% during 2025-2033. The growing adoption of enhanced and efficient lighting solutions among individuals, rising utilization in commercial and residential areas, and increasing use in the mining industry represent some of the major factors propelling the market growth.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 141.5 Billion
Market Forecast in 2033	USD 219.7 Billion
Market Growth Rate 2025-2033	5.01%

IMARC Group provides an analysis of the key trends in each segment of the global lighting market report, along with forecasts at the global, regional, and country levels from 2025-2033. Our report has categorized the market based on type, application, and end user.

The LED light market is predicted to surge at an impressive CAGR of 16.5% during the forecast period. Starting at USD 89,913.3 million in 2024, the market is expected to expand significantly, reaching USD 412,912.7 million by 2034.

Attributes	Description
Estimated Global LED Light Market Size (2024E)	USD 89,913.3 million
Projected Global LED Light Market Value (2034F)	USD 412,912.7 million
Value-based CAGR (2024 to 2034)	16.5%

Entertainment Lighting Market Outlook 2032

The global entertainment lighting market size was USD 3.2 Billion in 2023 and is likely to reach USD 5.5 Billion by 2032, expanding at a CAGR of 5.2% during 2024–2032. The market growth is attributed to the rising demand for energy-efficient lighting systems.



The entertainment lighting market is experiencing an unprecedented surge, driven by the increasing demand for advanced lighting solutions in live concerts, stage shows, and other entertainment events. The growing trend of integrating cutting-edge technologies such as LED and laser lighting is revolutionizing the industry, offering enhanced visual experiences and energy-efficient solutions.



This dynamic market is also witnessing a rise in opportunities, particularly in the areas of smart lighting and wireless control systems. The growing emphasis on creating immersive environments in entertainment venues is further propelling the demand for innovative lighting solutions.

Impact of Artificial Intelligence (AI) on the Entertainment Lighting Market

Artificial Intelligence (AI) significantly transforms the entertainment lighting market. It introduces automation and precision, enhancing the efficiency and effectiveness of lighting systems. AI-powered lighting systems offer dynamic control, enabling operators to adjust lighting conditions according to the event's requirements. These systems also provide predictive maintenance, alerting operators about potential failures before they occur, thus reducing downtime and maintenance costs.



AI's ability to analyze audience behavior and preferences allows for the creation of personalized lighting experiences, increasing audience engagement and satisfaction. Despite these benefits, the adoption of AI in the entertainment lighting market fac

Snapshot img

Lighting Market Size 2025-2029

The lighting market size is forecast to increase by USD 62.8 billion, at a CAGR of 7.4% between 2024 and 2029. The market is experiencing significant growth, driven by an increasing number of developments and product launches, and increasing adoption of energy-efficient LED lighting technology.

Major Market Trends & Insights

APAC dominated the market and accounted for a 45% share in 2023.
The market is expected to grow significantly in Europe region as well over the forecast period.
Based on the Application, the general lighting segment led the market and was valued at USD 104.70 billion of the global revenue in 2023.
Based on the Type, the LED technology segment accounted for the largest market revenue share in 2023.

Market Size & Forecast

Market Opportunities: USD 147.50 Billion
Future Opportunities: USD 62.8 Billion
CAGR (2024-2029): 7.4%
APAC: Largest market in 2023

One of the most dynamic sectors is automotive lighting, where advances in technology are leading to the creation of more efficient and innovative systems. However, the industry faces a pressing challenge in the form of sustainability concerns. As consumers become more environmentally conscious, there is a growing demand for energy-efficient and eco-friendly lighting solutions.

Companies must respond to this trend by investing in research and development to create sustainable products that meet these evolving consumer needs. The ability to innovate and adapt to this changing landscape will be crucial for businesses looking to capitalize on the opportunities presented by the market.

What will be the Size of the Lighting Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market continues to evolve, driven by advancements in technology and shifting consumer preferences. Sensor integration capabilities are becoming increasingly important, enabling daylight harvesting strategies that optimize energy usage. Luminaire design and control system integration are also key areas of focus, with manufacturers prioritizing energy efficiency standards in their lighting system designs. Human centric lighting solutions, which adjust light intensity and spectral power distribution based on human needs, are gaining traction. For instance, a leading retailer reported a 15% increase in sales after implementing a human centric lighting system. The industry is expected to grow at a robust rate, with energy efficiency standards and smart lighting networks being major growth drivers. The automotive lighting segment is the second largest segment of the application and was valued at USD 22.80 billion in 2023.

Light pollution mitigation and spectral power distribution analysis are also critical aspects of modern lighting systems. Driver technology advancements, energy metering systems, and remote monitoring systems are other areas of innovation. Fixture thermal management and power consumption reduction are essential considerations in the design and installation of lighting systems. Illuminance levels and photon flux density are crucial metrics for assessing lighting performance. Moreover, lighting applications span various sectors, from ambient lighting solutions in commercial spaces to task lighting applications in industrial settings. Emergency lighting systems and street lighting infrastructure are other significant markets. Control protocols and maintenance scheduling optimization are essential for ensuring optimal system performance and longevity.

In conclusion, the market is characterized by continuous innovation and evolving patterns. From sensor integration and daylight harvesting strategies to human centric lighting and energy efficiency standards, the industry is focused on delivering advanced, efficient, and sustainable lighting solutions.

How is this Lighting Industry segmented?

The lighting industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  General lighting
  Automotive lighting
  Backlighting


Type

  LED technology
  Traditional technology


Product

  Luminaires/Fixtures
  Lamps


Distribution Channel

  Direct sales/Developers/Contract
  Wholesalers/Electricians
  Lighting Specialists
  Others


End-User

  Construction
  Automotive
  Hospitality
  Retail


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    Egypt
    Oman
    UAE


  APAC

    China
    India
    Japan


  South America

    Argentina
    Brazil


  Rest of World (ROW)

By Application Insights

The general l

The outdoor LED lighting market is estimated at US$ 14 billion by 2024. The market valuation is expected to be US$ 27 billion by 2034, registering a moderate CAGR of 6.8%.

Attributes	Key Insights
Market Estimated Size in 2024	US$ 14 billion
Projected Market Size in 2034	US$ 27 billion
Value-based CAGR from 2024 to 2034	6.8%

2019 to 2023 Historical Analysis vs. 2024 to 2034 Market Forecast Projections

Historical CAGR from 2019 to 2023	9.7%
Forecast CAGR from 2024 to 2034	6.8%

Country-wise Insights

Countries	CAGRs from 2024 to 2034
The United States	6.9%
Japan	8%
China	7.4%
The United Kingdom	7.2%
South Korea	9.3%

Category-wise Insights

Category	CAGRs from 2024 to 2034
Hardware	6.5%
Streets and Roads	6.4%

Report Scope

Attributes	Details
Estimated Market Size in 2024	US$ 14 billion
Projected Market Valuation in 2034	US$ 27 billion
CAGR Share from 2024 to 2034	6.8%
Forecast Period	2024 to 2034
Historical Data Available for	2019 to 2023
Market Analysis	Value in US$ billion
Key Regions Covered	North America Latin America Western Europe Eastern Europe South Asia and Pacific East Asia Middle East and Africa
Key Market Segments Covered	Offering Application Installation Sales Channel Wattage Type Communication Interfacing Standard Region
Key Countries Profiled	The United States Canada Brazil Mexico Germany The United Kingdom France Spain Italy Poland Russia Czech Republic Romania India Bangladesh Australia New Zealand China Japan South Korea GCC Countries South Africa Israel
Key Companies Profiled	Signify Holding Acuity Brands Lighting Inc. Cree Lighting Dialight Panasonic Corporation