According to a recent business publication by IndustryARC, LED displays, lighting and fixtures market size was around $70 billion - $75 billion in 2018, and its value will be growing at a healthy CAGR of around 12% - 14% during the forecast period 2019-2025. The analyst highlights the energy efficiency trend to cause major disruptions in the near future, with innovation remaining the name of the game. The report is titled: “LED Displays, Lighting and Fixtures Market: By Product (Conventional LED Display, Surface Mounted Device, LED Lighting & Fixture); By Application (Backlighting, Signage, LED General Lighting Market, Automotive LED Lighting, Others) & By Region – Forecast (2019-2025).”
LED light source are usually controlled by a spherical reflector, they are widely used in indoor lighting, automobile headlights, road lighting, and as backlight of liquid crystal display. Cost Saving LED stage light fixtures are widely used by artists, architects, cinematographers, and visionary lighting designer’s to illuminate their stories. LED lighting fixtures combine modern technology and industrial aesthetics with balancing energy efficiency, visual comfort, affordability and flexible design patterns. Ecofriendly LED cooler refrigerator case lights (retrofit) are preferred by convenience and grocery store managers for fluorescent fixtures due to its low maintenance and energy consumption.
Browse 52 Market Tables, 176 Figures spread through 153 slides and an in-depth TOC “LED Displays, Lighting and Fixtures Market (2019 - 2025)”
Global LED Displays, Lighting and Fixtures Market: Leading Segments
Digital signage application holds the largest share among other applications in the LED displays, lighting and fixtures market, and is projected to grow at a CAGR of around 16% - 18% over the forecast period 2019-2025. Indoor and outdoor digital signage solutions are the eye catching media tools for board range advertisements. Hassle free installation and maintenance of reliable and efficient tiny LED displays in digital signage application coupled with audience engagement towards realistic views are stroking the growth of the LED displays market.
Based on the geographical analysis provided in the IndustryARC market research report, APAC region held a major share of around 35% - 38% in the LED displays, lighting, and fixtures market for the year 2018. Alternative Living Technical Solutions for Africa is an energy savings company which provide solutions to meet incessant demand for robust designs and secured lighting in industrial and commercial applications of Africa.
Global LED Displays, Lighting and Fixtures Market Trends
- Interactive digital signage coupled with pitch pixel technology is highly encouraged owing to its detailed graphic representation
- Waterproof, dustproof, anti-impact, and high-definition LED displays are extensively used as commercial video walls
- Government policies reassuring the growth of LED lights in prominent countries such as China, and India. In 2018, an agreement was signed between the government of India, the Energy Efficiency Services Limited (EESL), and the World Bank for an amount of $300 million which was targeted to enhance India’s Energy Efficiency Program. This program is useful in intensifying the deployment of LED street lights, LED bulbs, and LED tube lights.
Global LED Displays, Lighting and Fixtures Market: Competitive Landscape
- Philips Lighting Holding B.V., General Electric Company ,Osram Licht AG ,Cree, Inc. ,Cooper Industries, Inc. ,Virtual Extension ,Dialight PLC ,Zumtobel Group AG ,Samsung ,Sharp Corporation are some of the key companies operating in the global LED displays, lighting and fixtures market. These companies are mentioned as the major market share players in the LED displays, lighting and fixtures market research report.
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Automotive Lighting Market: By Vehicle Type (Passenger Cars, Heavy Commercial Vehicles, Light Commercial Vehicles, Two wheelers), By Technology (LED, Xenon, Halogen), By Integration (Interior, Exterior), By Geography Forecast (2018-2023)
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