Forecast of LED lighting industry in 2025
Market size and growth
Global market: It is expected that the global LED lighting market will exceed US$120 billion in 2025, and the global LED market is expected to exceed US$200 billion by 2029.
China market: The market size of China's LED lights will reach hundreds of billions of yuan in 2025. The output value of China's LED lighting industry will be about 717.38 billion yuan in 2023 and 716.9 billion yuan in 2024.
Technology development trend
Mini-LED technology breakthrough: Mini-LED technology has made significant progress in 2025, and its application in the display field has continued to expand. For example, in high-end TVs, monitors and other products, Mini-LED backlight technology can provide higher contrast and color performance to meet consumers' demand for high-quality display.
Popularization of smart lighting technology: With the development of technologies such as the Internet of Things, big data, and artificial intelligence, smart lighting products have become a market hotspot. In 2025, smart lighting systems will become more popular, and users can achieve remote control, timer switches, scene settings and other functions through mobile phone APPs, voice control and other methods.
New materials and packaging technology: The research and development and application of new materials will further enhance the performance of LED lamps, such as improving light efficiency and reducing light decay. At the same time, the innovation of packaging technology will also promote the miniaturization and integration of LED lamps.
Application field expansion
Urban lighting and outdoor lighting: With the acceleration of urbanization and the advancement of urban lighting projects, the outdoor lighting market such as LED street lights and landscape lighting will continue to maintain steady growth. In addition, the application of LED display screens in public places such as large billboards, stadiums, and large shopping malls will also be further expanded.
Smart home and indoor lighting: The popularity of smart homes will promote the upgrading of the indoor lighting market, and consumers' demand for high-quality, personalized, and intelligent lighting products will continue to increase, such as smart ceiling lamps and smart table lamps.
Healthy lighting field: People's attention to healthy lighting is increasing, such as eye-protection table lamps, lighting products without blue light hazards, etc., which will become an important development direction of the LED lamp industry in the future.
Competitive landscape
Increased industry concentration: With the intensification of market competition, industry concentration will further increase. Large enterprises will continue to expand their market share with their advantages in technology, brand, channels, etc., while some small and medium-sized enterprises may face elimination pressure.
Accelerated integration of the industrial chain: More and more companies will achieve integration and extension of the industrial chain through mergers and acquisitions, cooperation and other means to enhance the comprehensive competitiveness of enterprises.
Policy environment
Energy-saving and environmental protection policy promotion: The national and local governments will continue to introduce a series of policies to encourage the use of high-efficiency energy-saving lamps and promote green lighting technology to reduce energy consumption and environmental pollution. These policies will provide strong support for the development of the LED lamp industry.
Export market opportunities: With the promotion of the "Belt and Road" initiative and the background of global economic recovery, the export market of Chinese LED lamp companies will continue to expand, bringing new growth opportunities to the industry.
Investment opportunities and risks
Investment opportunities: High-end LED lighting products, LED chips and packaging materials, intelligent lighting systems and other fields will become investment hotspots. In addition, with the acceleration of the international layout of the LED lamp industry, corporate overseas investment, mergers and acquisitions and other activities will also increase.
Investment risks: Although the LED lamp industry has broad prospects, investors still need to pay attention to risks such as intensified market competition, fluctuations in raw material prices, and technological upgrades.
