There is so much going on in LED and Lighting market these days. Few important things or trends to watch:
The laser interferometer market is expected to grow from USD 0.34 billion in 2025 to USD 0.47 billion by 2030, at a compound annual growth rate (CAGR) of 6.7% during the forecast period. The Key Players Renishaw plc (UK), Keysight Technologies (US), ZEISS Group (Germany), Zygo Corporation (US), Bruker (US), Mahr GmbH (Germany), MÖLLER-WEDEL OPTICAL GMBH (Switzerland), QED Technologies (US), and SIOS Meßtechnik GmbH (Germany).
The UV disinfection equipment market is expected to grow from USD 3.87 billion in 2025 to USD 7.94 billion by 2030, at a compound annual growth rate (CAGR) of 15.4% during the forecast period. The Key Players Xylem (US), Trojan Technologies Group ULC (UK), Halma Group (UK), Industrie De Nora S.p.A. (Italy), Atlantic Ultraviolet Corporation (US), Lumalier Corporation (US), Advanced UV, Inc. (US), American Ultraviolet (US), Honle AG (Germany), Atlantium Technologies Ltd (Israel).
The global laser processing market is expected to grow from USD 7.17 billion in 2025 to USD 11.89 billion by 2032, at a compound annual growth rate (CAGR) of 8.5% during the forecast period. The Key Players Coherent Corp. (US), TRUMPF (Germany), Han's Laser Technology Industry Group Co., Ltd. (China), IPG Photonics Corporation (US), JENOPTIK AG (Germany), Fives (France), AXBIS (South Korea), Lumentum Operations LLC (US), Gravotech, Inc. (France), Laser Star Technologies (US), LUMIBIRD (France), Epilog Laser (US), MKS Instruments (US), Novanta Inc. (US), eurolaser GmbH (Germany), and 600 Group PLC (UK).
The Aircraft Lighting Market is expected to grow from USD 1.98 billion in 2024 to USD 2.68 billion by 2029, at a compound annual growth rate (CAGR) of 6.2%. during the forecast period. The Key Players RTX (US), Astronics Corporation (US), Diehl Stiftung & Co. KG (Germany), Honeywell International Inc.(US), Heads Up Technologies (US), Bruce Aerospace (US), Whelen Aerospace Technologies (US) and Thales (France).
The global smart lighting market is expected to grow from USD 9.86 billion in 2025 to USD 17.38 billion by 2030, at a compound annual growth rate (CAGR) of 12.0% during the forecast period.The key players Signify Holding (Netherlands), Acuity Brands, Inc. (US), Legrand (France), ams-OSRAM AG (Austria), Panasonic Holdings Corporation (Japan), Zumtobel Group (Austria), and LEDVANCE GmbH (Germany).
The grow lights market is expected to grow from USD 2.0 billion in 2024 to USD 6.4 billion by 2029, at a compound annual growth rate (CAGR) of 26.5% during the forecast period.The key players Signify Holding (Netherlands), Gavita International B.V. (Netherlands), Heliospectra (Sweden), ams-OSRAM AG (Austria), California LightWorks (US), Hortilux Schréder (Netherlands), Valoya (Finland), ILUMINAR Lighting LLC. (US), SAVANT TECHNOLOGIES LLC. (US), Ushio Inc. (Japan), EconoLux Industries Ltd. (China), LEDVANCE GmbH (Germany), Lemnis Oreon B.V. (Netherlands), Hyperion Grow Lights (England), Sananbio (China), Dongguan LEDESTAR Opto-electronics Tech. Co., Ltd. (China), ViparSpectra (US), Kind LED Grow Lights (US), Black Dog Horticulture Technologies & Consulting (US), Agrolux B.V. (Netherlands), Sollum Technologies (Canada), Mars Hydro (China), Biological Innovation and Optimization Systems, LLC. (US), EVERLIGHT ELECTRONICS CO., LTD. (Taiwan), and NICHIA CORPORATION (Japan).
The global arc-based plasma lighting market size is expected to grow from USD 676 million by 2029 to USD 616 million in 2024, at a compound annual growth rate (CAGR) of 1.9% during the forecast period.The key plyaers Ushio Inc. (Japan), Signify Holding (Netherlands), ams-OSRAM AG (Germany), Excelitas Technologies Corp. (US), Hamamatsu Photonics K.K. (Japan), LEDVANCE GmbH (Germany), and Newport Corporation (US).
The Laser Technology Market is expected to grow from USD 20.0 billion in 2024 to USD 29.5 billion by 2029, at a compound annual growth rate (CAGR) of 8.0% during the forecast period.The key players Coherent (US), Trumpf (Germany), Han’s Laser Technology Industry Group Co., Ltd (China), IPG Photonics (US) and Jenoptik AG (Germany).
The global LED lighting market is expected to grow from USD 78.9 billion in 2024 to USD 118.4 billion by 2029, at a compound annual growth rate (CAGR) of 8.5% during the forecast period.The key players Signify Holding (Netherlands), Acuity Brands, Inc. (US), Cree Lighting USA LLC (US), ams OSRAM AG (Germany), LG Electronics (South Korea), Dialight (UK), Panasonic Corporation (Japan), Hubbell (US), Savant Systems, Inc. (US), and Zumtobel Group (Germany).
The LED Packaging Market is expected to grow from USD 16.0 billion in 2024 to USD 19.4 billion by 2029, at a compound annual growth rate (CAGR) of 3.9% during the forecast period.The key players NICHIA CORPORATION (Japan), ams-OSRAM AG. (Austria), Samsung (South Korea), Lumileds Holding B.V. (US), Seoul Semiconductor Co., Ltd. (South Korea), MLS CO, LTD (China), EVERLIGHT ELECTRONICS CO., LTD. (Taiwan), SMART Global Holdings, Inc. (US), Foshan NationStar Optoelectronics Co. Ltd (China), and LITE-ON Technology, Inc. (Taiwan).
The horticulture lighting market is expected to grow from USD 3.7 billion in 2023 to USD 10.4 billion by 2028, at a compound annual growth rate (CAGR) of 22.4% during the forecast period.The key players Signify Holding (Phillips Lighting) (Netherlands), Gavita International B.V.(Netherlands), Heliospectra(Sweden), ams-OSRAM International GmbH(Austria), California LightWorks(US), Valoya (Finland), Hortilux Schréder(Netherlands), ILUMINAR Lighting(US), Current Lighting Solutions, LLC.(US), GE Lighting (SAVANT TECHNOLOGIES LLC.)(US), ACUITY BRANDS, INC.(US), Lumileds Holding B.V.(Netherlands), Cree LED an SGH company(US), TCP Lighting(US), PARsource(US), EconoLux Industries Ltd.(China), Oreon (Netherlands), GlacialLight – Division of GlacialTech Inc.(Taiwan), Black Dog Horticulture Technologies & Consulting(US), ViparSpectra(US), Active Grow(US), Agnetix(US), Thrive Agritech(US), Bridgelux, Inc.(US), and Kroptek(UK).
The global quantum cascade laser market is expected to grow from USD 429 million in 2023 to USD 533 million by 2028, at a compound annual growth rate (CAGR) of 4.4% during the forecast period.The major players Thorlabs, Inc. (US), Hamamatsu Photonics K.K. (Japan), MirSense (France), Emerson Electric Co. (US), Block Engineering. (US), Wavelength Electronics, Inc. (US), Daylight Solutions. (US), Alpes Lasers (Switzerland), nanoplus Nanosystems and Technologies GmbH (Germany), and Akela Laser Corporation (US).
The global agricultural lighting market size is expected to grow from USD 11.8 billion in 2023 to USD 21.4 billion by 2028, at a compound annual growth rate (CAGR) of 12.5% during the forecast period.The Key Market Players Signify Holding (Netherlands), ams-OSRAM GmbH (Germany), Gavita International B.V. (Netherlands), Valoya (Finland), California Lightworks (US), DeLaval (Sweden), CBM Lighting (Canada), Heliospectra AB (Sweden), Hortilux Schreder (Netherlands).
The laser marking market is expected to grow from USD 2.9 billion in 2022 to USD 4.1 billion by 2027, at a compound annual growth rate (CAGR) of 7.2% during the forecast period.The Key Players Coherent, Inc. (US), TRUMPF (Germany), Han’s Laser Technology Co., Ltd. (China), Gravotech Marking (France), IPG Photonics Corp. (US), 600 Group (UK), Danaher Corp. (US), Novanta Inc. (US), KEYENCE Corp. (Japan), Huagong Tech Co., Ltd. (China), Trotec Laser (Austria), Epilog Laser (US), and MECCO (US).
Laser diodes are used mainly in applications such as communications & optical storage, industrial, medical, military & defense, instrumentation & sensor, and others. Among these, communications & optical storage, industrial, and medical applications are increasingly used. The laser diode market is dynamic and rapidly developing, and new applications are emerging continuously. The total laser diode market is expected to reach USD 11.94 Billion by 2020, at a CAGR of 13.0% between 2015 and 2020. This report aims to analyze the market for laser diodes with respect to type, mode of operation, wavelength, application, and geography.
The UV curing system market is expected to grow from USD 3.6 billion in 2021 to USD 8.6 billion by 2026, at a compound annual growth rate (CAGR) of 18.6% during the forecast period.The Key Players Baldwin Technology (US), Dymax (US), Nordson (US), Excelitas Technologies (US), Heraeus (Germany), Phoseon Technology (US), Hönle (Germany), DELO (Germany), IST Metz (Germany), American Ultraviolet (US), Hanovia (US), Omron Corporation (Japan), Uvitron (US), Atlantic Zeiser (Germany), Benford UV (US), Miltec UV (US), Thorlabs (US), UVEXS Incorporated (US), GEW (EC) Limited (UK), APL Machinery Pvt. Ltd. (India), Kyocera Corporation (Japan), Senlian (China), Panasonic (Japan), DoctorUV (US), Shenzhen Naimeite (China), and Jenton International (UK).
The laser cladding market is expected to grow from USD 483 million in 2021 to USD 823 million by 2026, at a CAGR of 9.6% during the forecast period. TRUMPF (Germany), OC Oerlikon Management AG (Switzerland), Coherent, Inc (US), IPG Photonics Corporation (US), Han’s Laser Technology Industry Group Co., Ltd. (China), Hoganas AB (Sweden), Lumibird (France), Lumentum Operations LLC (US), Curtiss-Wright Corporation (US), Jenoptik (Germany), Alabama Specialty Products, Inc. (US), Efesto (US), Fraunhofer USA's Center Midwest (US), Gravotech (France), Hayden Corporation (US), Kondex Corporation (US), LaserBond (Australia), LaserStar (US), Laserline (Germany), Laser Cladding Technologies (Singapore), Lincoln Laser Solutions (Canada), Optomec (Mexico), Preco (US), Technogenia (France), and TLM Laser (UK) are among the many players in the laser cladding market.
The Power Over Ethernet Lighting Market is expected to grow from USD 243 million in 2021 to USD 922 million by 2026, at a CAGR of 30.6% during the forecast period. Some of the major companies in the PoE lighting market are Signify Holding (Philips Lighting) (Netherlands), Hubbell Inc. (US), Cisco Systems (US), H.E. Williams (US), Molex (Koch Industries) (US), Ubiquiti Networks Inc. (US), Siemon (US), Silvertel (UK), NETGEAR (US), Ideal Industries (Cree) (US), Herbert Waldmann GmbH & Co. Kg (Waldmann Lighting) (Germany), Prolojik (UK), Innovative Lighting (GENISYS) (US), Deco Lighting (US), Wipro Lighting (India), Axis Lighting (Canada), Igor Inc. (US), ALLNet GmbH (Germany) and NuLEDs (US).
The Explosion-proof Lighting Market is expected to grow from USD 340 million in 2021 to USD 471 million by 2026, at a CAGR of 6.7% during the forecast period. The report profiles key players, including Eaton (Ireland), ABB (Switzerland), Hubbell (US), Emerson (US), Signify (Netherlands), GE Current (US), Glamox (Norway), Phoenix Lighting (US), R. STAHL (Germany), and Larson Electronics (US). These companies focus on adopting both organic and inorganic growth strategies, such as product launches and developments, contracts, and acquisitions to strengthen their position in the market.
The Commercial Lighting Market is expected to grow from USD 8.2 billion in 2020 to USD 21.8 billion by 2025, at a CAGR of 21.5% during the forecast period. Signify (Philips Lighting) (Netherlands); Legrand S.A. (France); Acuity Brands, Inc. (US); GE Current, a Daintree Company (US); OSRAM Licht AG (Germany); Leviton Manufacturing Company, Inc. (US); Lutron Electronics (US); Hubbell Incorporated (US); LEDVANCE GmbH (Germany); Schneider Electric SE (France); Ideal Industries, Inc. (Cree Lighting) (US); and Zumtobel Group (Austria) are a few major players in the commercial smart lighting market.
The Ambient Lighting Market is expected to grow from USD 58.0 billion in 2020 to USD 88.3 billion by 2025, at a CAGR of 8.8% during the forecast period. The report profiles key players such as Signify N.V. (Netherlands), GE (GE Lighting) (US), Acuity Brands (US), Hubbell Lighting (US), and OSRAM Licht AG (Germany). Some of the other players in this market are Hafele (Germany), Helvar (Finland), Wipro Enterprises (P) Ltd (India), Zumtobel Group AG (Austria), and Dialight PLC (UK).
The COVID-19 Impact on Smart Lighting Market is expected to grow from USD 9.4 billion in 2020 to USD 24.2 billion by 2025, at a CAGR of 20.9% during the forecast period. Some of the major players in the smart lighting market are Signify (Philips Lighting) (Netherlands), Legrand S.A. (France), Acuity Brands, Inc. (US), General Electric Company (US), OSRAM Licht (Germany), Zumtobel Group (Austria), Hubbell Incorporated (US), Dialight PLC (UK), Ideal Industries, Inc. (Cree) and Schneider Electric (France) among others.
The light control switches market is expected to reach USD 10.1 billion by 2025, at a CAGR of 8.9% during the forecasting. Some of the major players in the light control switches market are Signify (Philips Lighting) (Netherlands), Legrand S.A. (France), Eaton Corporation (Ireland), General Electric Company (US), and OSRAM Licht (Germany), Acuity Brands, Inc. (US), Leviton Manufacturing Company, Inc. (US), Lutron Electronics (US), Schneider Electric (France), Honeywell International Inc. (US), Ideal Industries (US), Adesto Technologies (Echelon Corporation), Panasonic (Japan), Helvar (Finland), LightwaveRF PLC (UK), RAB Lighting (US), Synapse Wireless (US), and Dialight PLC (UK).
The global optoelectronic components market is expected to reach USD 52.7 billion by 2025, recording a CAGR of 5.0% during the forecasting period. Key players operating in the optoelectronic components market include Hamamatsu (Japan), Osram (Germany), TT Electronics (UK), Vishay (US), ON Semiconductor (US), Cree (US), Trumpf (Germany), SICK AG (Germany), Samsung (South Korea), Sony (Japan), and Broadcom (US). Other major companies focus on organic and inorganic growth strategies such as product launches and developments, mergers and acquisitions, agreements, contracts, partnerships, collaborations, and expansions to increase their revenue.
The plasma lighting market was valued at USD 0.42 billion in 2024 and is estimated to reach USD 1.20 billion by 2036, at a CAGR of 9.3% between 2025 and 2036. A few key players operating in the plasma lighting market are Luma Group (US), Ceravision (UK), Hive Lighting (US), Ka Shui International Holdings (China), Green de Corp (China), Gavita (Netherlands), Griffin & Ray (US), Guangzhou Kaiming Industries (China), BIRNS (US) and FusionLux (US).
According to the MarketsandMarkets forecast, the industrial lighting market is expected to be worth USD 13.17 Billion by 2023, growing at a CAGR of 7.82% between 2017 and 2023. The major drivers for the market include modernization and infrastructural development, durability of LED lights for industrial usage, and low energy consumption by LEDs. The key players operating across the value chain of the industrial lighting market are Philips Lighting Holding B.V. (Netherlands), Hubbell Lighting, Inc. (US), Emerson (US), Legrand (France), Acuity Brands Lighting, Inc. (US), TOYODA GOSEI Co., Ltd (Japan), Cree, Inc. (US), General Electric (US) , Osram Licht AG (Germany), and Zumtobel Group (Austria).
The emergency lighting market is expected to reach USD 6.68 Billion by 2022, at a CAGR of 7.83% between 2017 and 2022. The demand for emergency lighting is increasing because of several factors such as technological advancements taking place in the lighting industry, declining average selling price of LEDs, and increased infrastructure growth in various developing countries such as India, China, and South Korea.
The solid-state and other energy-efficient lighting market based on region was valued at USD 118.29 Billion in 2015 and is expected to reach USD 174.45 Billion by 2022, growing at a CAGR of 5.38% between 2016 and 2022. The demand for solid-state and other energy-efficient lighting is increasing because of several factors such as rising demand for environment-friendly lighting technologies, reduction in the overall maintenance costs of solid-state and other energy-efficient lighting products, and increased infrastructure growth in various developing countries such as India, China, and South Korea.
According to the MarketsandMarkets forecast, the street and roadway lighting market is expected to be valued at USD 10.94 Billion by 2022, growing at a CAGR of 6.03% between 2016 and 2022. The growth of the street and roadway lighting market could be attributed to the modernization and development of infrastructure such as smart cities, need for energy-efficient street lighting systems, increasing penetration of LED lights and luminaires in street lighting applications, and stringent rules and regulations by governments.