Market Overview:
The global LED neon lights market is expected to grow at a CAGR of 6.5% during the forecast period 2018-2030. The market growth can be attributed to the increasing demand for energy-efficient lighting solutions and rising awareness about the benefits of LED neon lights over traditional lighting solutions. The global LED neon lights market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into silicone, PVC, and other types. Silicone-based LED neon lights are expected to dominate the global LED neon light market during the forecast period owing to their high durability and low maintenance cost as compared to other types of LEDs.
Product Definition:
LED Neon Lights are a type of LED Lighting that is made to look like traditional Neon Lighting. They are often used to create signage or displays, and can be used indoors or outdoors. LED Neon Lights are important because they provide a more energy-efficient alternative to traditional Neon Lighting, and they can last longer too.
Silicone:
Silicone is a widely used material in the lighting industry. It is available in various forms including fluid, paste, and powder. The most commonly used form of silicone for light emission applications includes liquid silicone rubber (LSR) and solid silicone rubber (SSR).
PVC:
Polyvinyl Chloride or PVC is a thermoplastic polymer. It is produced from the reaction of phosgene and vinyl chloride in the presence of a catalyst. The reaction takes place at an extremely high temperature (around 130°C) and pressure (Around 200 bar).
Application Insights:
The commercial segment dominated the global LED neon lights market in 2017, accounting for more than 60.0% share of the total revenue. The growth can be attributed to an increase in advertising campaigns by various companies and business organizations to promote their products and services. For instance, McDonald¢â‚¬â„¢s has been using neon signs since 1940s as part of its marketing strategy for promoting its Golden Arches brand worldwide. As a result, the application of neon signs is expected to witness significant growth over the forecast period across numerous businesses and organizations globally.
Household is projected to be one of the fastest-growing segments during future years due largely on rising disposable income among consumers globally coupled with growing urbanization trends in developing countries such as India and China Pacific Ocean Area Countries (POCA). Furthermore, increasing penetration rate of smart devices along with high demand for energy-efficient lighting solutions will drive product demand from household applications over next seven years or so.
Regional Analysis:
The market in North America was valued at USD X billion in 2017 and is expected to witness significant growth over the forecast period owing to increasing demand for energy-efficient lighting solutions. The growing popularity of outdoor neon signs across the U.S., particularly along Route 66, has been influencing the industry dynamics positively.
Asia Pacific is estimated to be one of the fastest-growing regional markets from 2018 to 2030 owing to rapid urbanization and rising disposable income levels among consumers, which are anticipated would fuel LED neon light sales over this period. Furthermore, government initiatives encouraging sustainable infrastructure development are also likely boost product demand across this region during the forecast period (2018 - 2030).
Growth Factors:
- Increasing demand from the signage and advertising industry for illuminated displays is expected to drive the LED neon lights market growth.
- Rising demand for energy-efficient lighting solutions across various applications is also anticipated to boost the LED neon lights market growth in the coming years.
- Growing popularity of LEDs as a replacement for traditional light sources is projected to fuel the LED neon lights market expansion over the forecast period.
- Proliferation of digital signage and increasing use of LEDs in architectural lighting are some other factors that are expected to propel the LED neon lights market growth in future. 5) Technological advancements coupled with declining prices of LEDs are likely to create new opportunities for players operating in this market during forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
LED Neon Lights Market Research Report
By Type
Silicone, PVC, Other
By Application
Household, Commercial
By Companies
LED Neon Flex, SGi Lighting, Elemental LED, Nova Flex LED, Solid Apollo LED, Lightstec, Elstar LED, INCISEON, Honest Exhibition Limited, A1deSIGNS, ZhongshanJ.M.X Electronics Co.,Ltd
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global LED Neon Lights Market Report Segments:
The global LED Neon Lights market is segmented on the basis of:
Types
Silicone, PVC, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Household, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- LED Neon Flex
- SGi Lighting
- Elemental LED
- Nova Flex LED
- Solid Apollo LED
- Lightstec
- Elstar LED
- INCISEON
- Honest Exhibition Limited
- A1deSIGNS
- ZhongshanJ.M.X Electronics Co.,Ltd
Highlights of The LED Neon Lights Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Silicone
- PVC
- Other
- By Application:
- Household
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the LED Neon Lights Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
LED Neon Lights are a type of lighting that uses light emitting diodes (LEDs). LEDs produce a bright, consistent light that is easy to control. They are often used in signs and displays because they consume less energy than other types of lighting, which makes them environmentally friendly.
Some of the major companies in the led neon lights market are LED Neon Flex, SGi Lighting, Elemental LED, Nova Flex LED, Solid Apollo LED, Lightstec, Elstar LED, INCISEON, Honest Exhibition Limited, A1deSIGNS, ZhongshanJ.M.X Electronics Co.,Ltd.
The led neon lights market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. LED Neon Lights Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. LED Neon Lights Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. LED Neon Lights Market - Supply Chain
4.5. Global LED Neon Lights Market Forecast
4.5.1. LED Neon Lights Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. LED Neon Lights Market Size (000 Units) and Y-o-Y Growth
4.5.3. LED Neon Lights Market Absolute $ Opportunity
5. Global LED Neon Lights Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. LED Neon Lights Market Size and Volume Forecast by Type
5.3.1. Silicone
5.3.2. PVC
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global LED Neon Lights Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. LED Neon Lights Market Size and Volume Forecast by Application
6.3.1. Household
6.3.2. Commercial
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global LED Neon Lights Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. LED Neon Lights Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global LED Neon Lights Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. LED Neon Lights Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global LED Neon Lights Demand Share Forecast, 2019-2026
9. North America LED Neon Lights Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America LED Neon Lights Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America LED Neon Lights Market Size and Volume Forecast by Application
9.4.1. Household
9.4.2. Commercial
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America LED Neon Lights Market Size and Volume Forecast by Type
9.7.1. Silicone
9.7.2. PVC
9.7.3. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America LED Neon Lights Demand Share Forecast, 2019-2026
10. Latin America LED Neon Lights Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America LED Neon Lights Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America LED Neon Lights Market Size and Volume Forecast by Application
10.4.1. Household
10.4.2. Commercial
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America LED Neon Lights Market Size and Volume Forecast by Type
10.7.1. Silicone
10.7.2. PVC
10.7.3. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America LED Neon Lights Demand Share Forecast, 2019-2026
11. Europe LED Neon Lights Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe LED Neon Lights Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe LED Neon Lights Market Size and Volume Forecast by Application
11.4.1. Household
11.4.2. Commercial
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe LED Neon Lights Market Size and Volume Forecast by Type
11.7.1. Silicone
11.7.2. PVC
11.7.3. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe LED Neon Lights Demand Share, 2019-2026
12. Asia Pacific LED Neon Lights Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific LED Neon Lights Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific LED Neon Lights Market Size and Volume Forecast by Application
12.4.1. Household
12.4.2. Commercial
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific LED Neon Lights Market Size and Volume Forecast by Type
12.7.1. Silicone
12.7.2. PVC
12.7.3. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific LED Neon Lights Demand Share, 2019-2026
13. Middle East & Africa LED Neon Lights Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa LED Neon Lights Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa LED Neon Lights Market Size and Volume Forecast by Application
13.4.1. Household
13.4.2. Commercial
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa LED Neon Lights Market Size and Volume Forecast by Type
13.7.1. Silicone
13.7.2. PVC
13.7.3. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa LED Neon Lights Demand Share, 2019-2026
14. Competition Landscape
14.1. Global LED Neon Lights Market: Market Share Analysis
14.2. LED Neon Lights Distributors and Customers
14.3. LED Neon Lights Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. LED Neon Flex
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. SGi Lighting
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Elemental LED
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Nova Flex LED
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Solid Apollo LED
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Lightstec
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Elstar LED
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. INCISEON
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Honest Exhibition Limited
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. A1deSIGNS
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. ZhongshanJ.M.X Electronics Co.,Ltd
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
