LED (Light-Emitting Diode) Neon Lights Global Market Report 2024

The led (light-emitting diode) neon lights market size has grown strongly in recent years. It will grow from $1.25 billion in 2023 to $1.34 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth observed in the historical period can be credited to factors such as an emphasis on energy efficiency, heightened environmental awareness, a demand for customization and design flexibility, and the cost-effectiveness associated with these trends.

The led (light-emitting diode) neon lights market size is expected to see strong growth in the next few years. It will grow to $1.74 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The anticipated growth in the forecast period is linked to the escalating demand across diverse industries, the ongoing trends of urbanization and infrastructure development, a surging preference for LED neon lights in home décor, and the thriving expansion of e-commerce. Key trends expected during this period encompass technological innovations, the emergence of smart LED neon lights, a focus on sustainable materials and manufacturing processes, an inclination toward artistic and custom designs, as well as a rise in interactive and dynamic lighting solutions.

Anticipated growth in LED neon lights market is driven by the expansion of commercial and non-commercial buildings. Commercial buildings encompass structures excluding agricultural, industrial, or institutional spaces. Non-commercial buildings include structures not utilized for commercial purposes or residential residences. LED neon lights present an innovative solution for achieving brighter and more uniform illumination. For instance, by September 2022, projections from the University of Michigan's Center for Sustainable Systems suggest a 35% increase in US commercial building floor space from 2021, expected to reach 124.6 billion square feet by 2050. Concurrently, the average size of US homes expanded by 45% in 2021, from 2,185 to 2,565 square feet. Hence, the burgeoning landscape of commercial and non-commercial buildings fuels the LED neon lights market's expansion.

Projected growth in the LED neon lights market is attributed to escalating demand for decorative lighting. Decorative lighting pertains to fixtures and arrangements primarily crafted for aesthetic enhancements in indoor and outdoor spaces. LED neon lights, designed as decorative elements, offer a distinctive and vibrant means to elevate the visual appeal of spaces. For example, as of 2023, LED Lighting Statistics indicate an estimated 87% dominance of LEDs in lighting sources by 2030. Consequently, the escalating demand for decorative lighting augments the trajectory of the LED neon lights market.

The LED (light-emitting diode) neon lights market is witnessing a surge in the adoption of product innovation as a primary trend. Key players within this market segment are directing their efforts towards creating novel products to uphold their market standing. An exemplar of this trend occurred in February 2022, when Environmental Lights, a US-based provider specializing in LED lighting solutions, unveiled the Pixel EcoFlex 4-in-1 LED Neon. This product stands out due to its distinctive feature allowing consumers to blend RGB (red, green, and blue) with 3000K white, 6500K white, or amber in either vertical or horizontal bending configurations. The versatility of this light enables it to wrap around three-dimensional structures by utilizing the vertical bending version's ability to flex both upward and downward. Notably, each pixel of the Pixel EcoFlex 4-in-1 LED Neon can be controlled independently, enhancing its adaptability and functionality.

Leading entities in the LED neon lights market are actively engaged in forging strategic alliances to fortify their market presence. These alliances, taking diverse forms, aim to deliver mutual benefits and bolster the market positions of the involved companies. Illustratively, in December 2023, NeonWill, a burgeoning LED neon sign creator headquartered in New York, announced an exciting collaboration with Valioart, a distinguished US-based illustrator known for captivating cat illustrations cherished worldwide. This innovative partnership seeks to transmute Valioart's charming cat illustrations into vibrant LED neon signs, blending captivating artwork with cutting-edge lighting technology. NeonWill has consistently spearheaded inventive lighting solutions and found an ideal collaborator in Valioart's universally beloved artistry. This fusion of creativity aims to illuminate spaces with a delightful, inviting glow, captivating both enthusiasts of feline companions and aficionados of art.

In July 2023, Environmental Lights, a leading US-based provider of LED lighting solutions, successfully acquired City Theatrical Inc., a prominent UK-based manufacturer specializing in LED neon lights. The acquisition, executed for an undisclosed amount, positions Environmental Lights as the market leader in the scenic market and solidifies its standing as the premier provider of entertainment lighting solutions. This strategic move is expected to deliver a host of compelling advantages to clients associated with both businesses.

Major companies operating in the led (light-emitting diode) neon lights market report are Eaton Corporation, OSRAM Licht AG, Everlight Electronics Co. Ltd., Sylvania Lighting, Lightstec Co. Ltd., JKL Components Corporation, Elstar Electronic Co. Ltd., Cleanlife Energy LLC, North Star Lighting LLC, Nova Flex LED, Beyond LED Technology, NeonPlus, Custom Neon, Shenzhen Ipixel Led Light Co. Ltd., Neon Poodle, Bag&Bones, Elemental LED Inc., LEDYi Lighting, Guangzhou RC Lighting Co. Ltd., Honest Exhibition Limited, Inciseon LLC, LED Neon Flex, Sgi Lighting Inc., Solid Apollo LED, Tekhol Optoelectronic Technology Co. Ltd.

Asia-Pacific was the largest region in the LED (light-emitting diode) neon lights market in 2023. The regions covered in the led (light-emitting diode) neon lights market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the led (light-emitting diode) neon lights market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The primary variants of LED neon lights encompass silicone, PVC (polyvinyl chloride), and other materials. Silicone, a polymer featuring silicon and oxygen chains, serves as a crucial component in LED diffusers for neon lights. Functioning as a protective layer for LED chips and other components, silicone-based neon lights find applications in households and commercial settings. These products are available through diverse distribution channels, including retail or wholesale avenues, direct sales, and E-commerce platforms.

The LED (light-emitting diode) neon lights market research report is one of a series of new reports that provides LED (light-emitting diode) neon lights market statistics, including LED (light-emitting diode) neon lights industry global market size, regional shares, competitors with an LED (light-emitting diode) neon lights market share, detailed LED (light-emitting diode) neon lights market segments, market trends and opportunities, and any further data you may need to thrive in the LED (light-emitting diode) neon lights industry. This LED (light-emitting diode) neon lights market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The LED (Light-Emitting Diode) neon lights market consists of sales of neon drivers, custom-made LED neon signs, and neon flex. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.


The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).


The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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