Global Flex LED Strip Market Growth 2023-2029

Global Flex LED Strip Market Growth 2023-2029

Product Code:454278

Published Date: Feb 08,2023

Pages: 108

Region: Global

Category: Electronics & Semiconductor

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Flex LED strip lights are thin flexible printed circuit boards with LEDs and resistors attached that populated by surface mounted light-emitting diodes (SMD LEDs) that usually comes with an adhesive backing. These LED strips come in many configurations meaning one can be very bright to light an entire room and another less bright for accent lighting. LED flexible strips can also be made to use any usable wavelength or color that is desired for your home or business project.

LPI (LP Information)' newest research report, the “Flex LED Strip Industry Forecast” looks at past sales and reviews total world Flex LED Strip sales in 2022, providing a comprehensive analysis by region and market sector of projected Flex LED Strip sales for 2023 through 2029. With Flex LED Strip sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Flex LED Strip industry.

This Insight Report provides a comprehensive analysis of the global Flex LED Strip landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Flex LED Strip portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Flex LED Strip market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Flex LED Strip and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Flex LED Strip.

The global Flex LED Strip market size is projected to grow from US$ 834.4 million in 2022 to US$ 1836.6 million in 2029; it is expected to grow at a CAGR of 1836.6 from 2023 to 2029.

Global Flex LED Strip key players include OML Technology, Jiasheng Lighting, Osram, Philips, Forge Europa, etc. Global five four manufacturers hold a share over 20%.

China is the largest market, with a share over 35%, followed by Europe and US, both have a share over 40%. 
In terms of product, 5050 is the largest segment, with a share over 65%. And in terms of application, the largest application is Commercial Application, followed by Home Application, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Flex LED Strip market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    3528
    5050
    Others

Segmentation by application
    Home Application
    Commercial Application

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    OML Technology
    Jiasheng Lighting
    Osram
    Philips
    Forge Europa
    Sidon Lighting
    Optek Electronics
    NVC Lighting
    Opple
    Jesco Lighting
    Ledtronics
    PAK
    FSL

Key Questions Addressed in this Report
What is the 10-year outlook for the global Flex LED Strip market?
What factors are driving Flex LED Strip market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Flex LED Strip market opportunities vary by end market size?
How does Flex LED Strip break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?