Outdoor LED Strip Market

• Growing development of smart cities is driving the market growth

Additionally, LED lights are more efficient in terms of energy use and have a longer lifespan than conventional incandescent bulbs and lamps. LED illumination has many benefits, which have led to its widespread usage in many applications, such as residential and commercial facilities, warehouses, and government buildings. Electricity is generally used for lighting cities, villages, streets, and public spaces worldwide. A prototype shift from traditional lighting systems to LED technology is the key to cost-effectiveness in all lighting applications. Smart lighting systems will be the major force behind global market progress in the projection period.

Government executives in cities across the US are concentrated on modern innovations in lighting as they give it more than a lighting tool. Smart lights can interconnect wirelessly with several networks, gathering various types of data such as nearby foot traffic and even assisting in lessening crime rates. The LED lighting system is gaining traction from developing countries as it forms part of their economic upgrade plan.

There has been a rise in the use of light-emitting diodes (LEDs)  and lighting efficiency. More than ten years have passed since several nations began to phase out incandescent lighting; in contrast, many nations are currently doing the same with fluorescent lighting and are beginning to transition to LEDs as the primary lighting technology. LED technology is used in more than half of the worldwide lighting market. Furthermore, the demand for outdoor LED lighting has also increased due to rising government initiatives, rising awareness of the introduction of LED lighting in key cities, and rising socioeconomic growth.

As a result, it is anticipated that throughout the projection period, demand for outdoor LED strips will increase due to the rising development of smart cities. Thus, driving the Outdoor LED Strip market revenue.

The Global Outdoor LED Strip Market Industry is projected to experience substantial growth over the next decade. With a market valuation of 3.8 USD Billion in 2024, the industry is expected to expand significantly, reaching an estimated 15.3 USD Billion by 2035. This growth trajectory indicates a compound annual growth rate of 13.53% from 2025 to 2035. Factors contributing to this growth include increasing consumer awareness of energy efficiency, the rise of smart city initiatives, and advancements in LED technology. As these trends continue to evolve, the market is likely to attract further investment and innovation, solidifying its position in the global lighting industry.

The Global Outdoor LED Strip Market Industry is benefiting from the expansion of smart city initiatives across various regions. Urban planners are increasingly integrating advanced lighting solutions into public spaces to enhance safety and aesthetics. LED strips, with their versatility and adaptability, are ideal for illuminating parks, streets, and buildings. This integration not only improves urban environments but also contributes to energy savings and reduced maintenance costs. As cities invest in smart technologies, the demand for outdoor LED strips is likely to rise, aligning with the projected market growth to 15.3 USD Billion by 2035. The focus on smart infrastructure is a key driver for the industry.

The Global Outdoor LED Strip Market Industry is experiencing a surge in demand for energy-efficient lighting solutions. As consumers and businesses increasingly prioritize sustainability, LED strips, known for their low energy consumption, are becoming the preferred choice. In 2024, the market is projected to reach 3.8 USD Billion, driven by the need to reduce electricity costs and carbon footprints. Governments worldwide are implementing regulations that encourage the adoption of energy-efficient technologies, further propelling the market. This trend is expected to continue, with the industry projected to grow significantly as more entities seek to comply with environmental standards.

The Global Outdoor LED Strip Market Industry is witnessing a notable increase in the popularity of outdoor aesthetics, particularly in residential and commercial sectors. Homeowners and businesses are increasingly utilizing LED strips to enhance outdoor spaces, creating visually appealing environments. This trend is particularly evident in landscaping, patios, and outdoor dining areas. The ability of LED strips to provide customizable lighting options allows for creative designs that cater to individual preferences. As this aesthetic appeal continues to gain traction, the market is expected to expand, contributing to a compound annual growth rate of 13.53% from 2025 to 2035, reflecting the growing consumer interest in outdoor enhancements.

The Global Outdoor LED Strip Market Industry is significantly influenced by ongoing technological advancements in LED technology. Innovations such as improved lumens per watt, enhanced color rendering, and increased lifespan are making LED strips more attractive to consumers. These advancements not only enhance performance but also reduce the total cost of ownership, making LED strips a more viable option for outdoor applications. As manufacturers continue to innovate, the market is expected to grow, driven by the demand for high-quality lighting solutions. The integration of smart technologies, such as remote control and automation, further enhances the appeal of LED strips, positioning the industry for sustained growth.

The Global Outdoor LED Strip Market Industry is poised for growth due to increased investment in infrastructure development globally. Governments and private entities are allocating substantial budgets for urban development projects, which often include modern lighting solutions. Outdoor LED strips are being integrated into new constructions and renovations, enhancing safety and visibility in public spaces. This trend is particularly pronounced in developing regions, where infrastructure upgrades are essential for economic growth. As these investments continue, the demand for outdoor LED strips is likely to rise, supporting the industry's expansion and contributing to the projected market growth to 15.3 USD Billion by 2035.

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American Outdoor LED Strip market area will dominate this market, owing to an increase in technological advancement. In addition, the growing smart cities and rising usage in transportation hubs will boost market growth in this region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: OUTDOOR LED STRIP MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe Outdoor LED Strip market accounts for the second-largest market share due to the rising government initiatives. Further, the German Outdoor LED Strip market held the largest market share, and the UK Outdoor LED Strip market was the fastest-growing market in the European region.

The Asia-Pacific Outdoor LED Strip Market is expected to grow at the fastest CAGR from 2023 to 2032 due to rising demand for LED lights and increasing organizations' investment in outdoor LED screens to give real-time information. Moreover, China's Outdoor LED Strip market held the largest market share, and the Indian Outdoor LED Strip market was the fastest-growing market in the Asia-Pacific region.

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Outdoor LED Strip market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Outdoor LED Strip industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Outdoor LED Strip industry to benefit clients and increase the market sector. In recent years, the Outdoor LED Strip industry has offered some of the most significant advantages to LED market.

Major players in the Outdoor LED Strip market, including Forge Europa, LEDVANCE, Ledridge Lighting, Digital Advanced Lighting, Lighting Ever, LEDMY, OML Technology, Jiasheng Lighting, Osram, Philips, Sidon Lighting, Optek Electronics, NVC Lighting, Opple, Jesco Lighting, Ledtronics, PAK, FSL, and others, are attempting to increase market demand by investing in research and development operations.

Option is a publicly traded technology business with headquarters in Leuven, Belgium. Broadband wireless technology device design, development, manufacturing, and commercialization are Optioon's areas of expertise. Option enjoyed strong margins across its entire product line and was the global market leader in the wireless broadband sector. The new Intel-Nokia partnership's short-lived and swiftly abandoned plans to erode Option's market share, demonstrating Option's market supremacy and substantial entry obstacles, even for major enterprises. Jabil in Bergamo, Italy, handled the majority of the production, with Celestica in Kladno, Czech Republic, providing extra capacity.

All gadget manufacturing is now carried out in Wuxi, China. Although the goods are reconditioned and branded in Ireland, they were originally designed in Leuven. In April 2023, Crescent Lighting declared that it would be adding more lighting options to its lineup for use in commercial, outdoor, residential, industrial, architectural, and interior environments. The company sells long-lasting, environmentally friendly items with a maximum of 50,000 hours of operation, according to LM80 certificates.

OSRAM Licht AG is a German electric light manufacturer with headquarters in Munich and Premstätten, Austria. OSRAM presents itself as a cutting-edge photonics business with a growing emphasis on sensor technology, light treatment, and visualization. The business provides services to clients in the industrial, automotive, healthcare, and consumer technology industries. OSRAM GmbH is the operating corporation of OSRAM. Opto semiconductors, which are essential components of sensors, lighting, and visualization, are supplied by the Opto Semiconductors Business Unit.

In addition to infrared, laser, and optical sensors, OSRAM  Opto semiconductors provide a broad selection of LEDs in the low-power, mid-power, high-power, and ultra-high-power classes that are utilized in general illumination, automotive, consumer, and industrial applications. These companies' primary markets include the automobile industry, smartphones, wearable technology, general lighting, lighting for plants, industrial lighting, and projection. In May 2022, Signify NV successfully acquired Fluence from ams OSRAM, aiming to enhance its range of agricultural lighting products. The acquisition increases the company's market share in North America for horticulture lighting as well as its worldwide growth platform for agriculture lighting.