Light Emitting Diode (LED) Market Report 2026

The light emitting diode (LED) market size has grown strongly in recent years. It will grow from $89.94 billion in 2025 to $96.09 billion in 2026 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to rise in demand for energy-efficient lighting, growth of consumer electronics, urbanization and infrastructure expansion, increased automotive production, declining cost of led components.

The light emitting diode (LED) market size is expected to see strong growth in the next few years. It will grow to $123.92 billion in 2030 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to adoption of smart cities and iot-enabled lighting, growth in electric vehicles and transportation electrification, development of flexible and wearable led devices, increased investment in renewable energy projects, rising focus on human-centric and health-oriented lighting solutions. Major trends in the forecast period include miniaturization of LED components, energy-efficient LED solutions, smart and connected lighting systems, advanced color rendering leds, flexible and wearable led technology.

The growth of the residential sector is anticipated to drive the expansion of the light-emitting diode (LED) market in the coming years. The residential sector refers to a segment of the real estate industry that focuses on properties intended for domestic or residential use. LEDs in the residential sector provide benefits such as energy and cost savings, enhanced lighting control, a longer lifespan, energy efficiency, durability, and reduced maintenance. For example, in September 2023, the United States Census Bureau, a principal agency of the federal statistical system in the US, reported that the number of privately owned housing units approved by building permits in February 2023 reached 1,524,000 on a seasonally adjusted annual basis. This figure represents a 13.8% increase compared to the revised January rate of 1,339,000. Thus, the growing residential sector is contributing to the expansion of the LED market.

Innovation within the light emitting diode (LED) market is focusing on products like the up-down glow LED bulb to drive market revenues. This unique bulb emits light in both upward and downward directions, producing a distinct and aesthetically pleasing lighting effect. For instance, in October 2023, Halonix Technologies Pvt Ltd., an India-based firm specializing in LED lighting solutions, launched the up-down glow LED bulb. This 10W LED Bulb offers two variations, each with three lighting modes, providing white, warm, and mixed illumination in the first variation, and white, blue, and mixed lighting in the second.

In January 2025, Ledvance, a Germany-based provider of general and smart lighting solutions, luminaires, lamps, and LED technologies, acquired Loblicht for an undisclosed amount. This acquisition enables Ledvance to expand its premium LED designer lighting portfolio and reinforce its strategic position in the high-end decorative lighting segment across Europe. Loblicht is a Germany-based manufacturer of LED luminaires and lighting solutions.

Major companies operating in the light emitting diode (LED) market are OSRAM Licht AG, Philips Lighting (Signify), Cree Lighting (IDEAL Industries), GE Lighting (Savant), LEDVANCE GmbH, Zumtobel Group AG, Dialight plc, Samsung Electronics, Sharp Corporation, Panasonic Corporation, Acuity Brands, Inc., Hubbell, Inc., Eaton Corporation (Cooper Lighting Solutions), Nichia Corporation, Everlight Electronics Co. Ltd., Stanley Electric Co. Ltd., Citizen Electronics Co. Ltd., Lite-On Technology Corporation, Lumens Co. Ltd., Toshiba Corporation, LG Innotek, Havells India Ltd., Syska LED Lights, Wipro Limited, Epistar Corporation.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs have impacted the LED market by increasing import costs of raw semiconductor materials and LED components, leading to higher manufacturing costs and pricing pressures. The segments most affected include high-brightness LEDs and advanced LED fixtures, particularly in regions like North America and Europe that rely on imports from Asia. While tariffs have created challenges in cost management, they have also encouraged local manufacturing and innovation, prompting companies to develop cost-effective and energy-efficient LED solutions for domestic markets.

The light emitting diode (LED) market research report is one of a series of new reports that provides light emitting diode (LED) market statistics, including light emitting diode (LED) market size, regional shares, competitors with a light emitting diode (LED) market share, detailed light emitting diode (LED) market segments, market trends and opportunities, and any further data you may need to thrive in the light emitting diode (LED) industry. This light emitting diode (LED) 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.

A light emitting diode (LED) is a semiconductor device that emits light when an electrical current passes through it. LEDs are known for their small size, low power consumption, and the ability to emit light in various colors, depending on the semiconductor material used. They find widespread application in backlighting for devices such as TVs, mobile phones, automotive lighting, and display boards.

The main product types in the LED market include LED lamps and LED fixtures. LED lamps are standalone lighting units that incorporate LEDs, while LED fixtures are luminaires with built-in LEDs. These products utilize various technologies, including basic LEDs, high brightness LEDs, Organic Light Emitting Diodes (OLED), polymers, and ultraviolet LEDs. LEDs cater to a diverse range of end-users, including residential, commercial, and industrial customers, meeting a wide array of lighting needs in different settings.Asia-Pacific was the largest region in the light emitting diode market in 2025. North America was the second-largest region in the light emitting diode market. The regions covered in the light emitting diode (LED) market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the light emitting diode (LED) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The light emitting diode (LED) market consists of sales of LED lamps and LED fixtures. 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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