The LED light engine market stood at a value of almost USD 46.00 Billion in 2024. The industry is further expected to grow at a CAGR of 12.20% over the forecast period of 2025-2034, reaching a value of USD 145.44 Billion by 2034.
Market Segmentation
“LED Light Engine Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:Market Breakup by Product
- Lamp
- Luminaire
Market Breakup by Form
- Flexible
- Rigid
Market Breakup by Installation Type
- New Installation
- Retrofit Installation
Market Breakup by End Use
- Residential
- Commercial
- Industrial
Market Breakup by Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Market Analysis
The increased demand for energy-efficient lighting systems is the key variable affecting the market growth. Modernising and developing infrastructure, such as smart cities, leading to the application of IoT -based lighting technologies is driving the industry growth. Further, reduced LED prices, increased penetration of LEDs as light sources in general lighting, and the fast growth of LED technology over standard lighting are providing a further boost to the market growth. It is anticipated that indoor lighting will have a higher market share than outdoor lighting. The housing market is anticipated to have enormous potential in the future.Competitive Landscape
The report presents a detailed analysis of the following key players in the global LED light engine market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:- Nichia Corporation
- Osram Licht AG
- Samsung Electronics Co. Ltd.
- Everlight Electronics
- Wipro Enterprises (P) Limited
- Signify N.V.
- Lutron Electronics Company
- Seoul Semiconductor Co ltd
- Cree Inc (NASDAQ: CREE)
- Lumileds
- Hubbell Incorporated
- Others
Table of Contents
1 Executive Summary
2 Market Overview and Stakeholder Insights
3 Economic Summary
4 Country Risk Profiles
5 Global LED Light Engine Market Analysis
6 North America LED Light Engine Market Analysis
7 Europe LED Light Engine Market Analysis
8 Asia-Pacific LED Light Engine Market Analysis
9 Latin America LED Light Engine Market Analysis
10 Middle East and Africa LED Light Engine Market Analysis
11 Market Dynamics
13 Competitive Landscape
Companies Mentioned
The key companies featured in this LED Light Engine market report include:- Nichia Corporation
- Osram Licht AG
- Samsung Electronics Co. Ltd.
- Everlight Lighting Co., Ltd.
- Wipro Enterprises (P) Limited
- Signify N.V.
- Lutron Electronics Co., Inc
- Seoul Semiconductor Co ltd.
- Cree Inc.
- Lumileds
- Hubbell Incorporated
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 178 |
| Published | August 2025 |
| Forecast Period | 2025 - 2034 |
| Estimated Market Value ( USD | $ 46 Billion |
| Forecasted Market Value ( USD | $ 145.44 Billion |
| Compound Annual Growth Rate | 12.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
