Outdoor LED Strip Market is predicted to reach at a CAGR of 13.5% during the forecast period 2024-2032

Market Research Future (MRFR) has published on the “Global Outdoor LED Strip Market”.

The Outdoor LED Strip market is estimated to register a CAGR of 13.5% during the forecast period of 2024 to 2032.

MRFR recognizes the following companies as the key players in the global Outdoor LED Strip market— 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.

Market Highlights

The global Outdoor LED Strip market is accounted to register a CAGR of 13.5% during the forecast period. It is estimated to reach USD 9.1 billion by 2032.

The number of smart cities is increasing because of government initiatives to deliver quantifiable energy and resource efficiency to bring together cities, people, and businesses to showcase ideas and business models, which is the key driver of market growth. The expansion of alternative lighting technologies, including laser lights, is restraining the market growth. Additionally, the development of wireless technology is anticipated to spur the use of Outdoor LED Strip, which is anticipated to promote the growth of the global Outdoor LED Strip market.

Segment Analysis

The global Outdoor LED Strip market has been segmented based on type and application.

On the basis of type, the market is segmented into 5050, 3528, and others. The 3528 segment was attributed to holding the largest market share in 2022 due to its usage in TV backlighting, color splashing, and accent lighting for crown modeling.

Based on application, the global Outdoor LED Strip market has been segmented into home use and commercial use. The home use segment was expected to hold the largest market share in 2022 due to its stylish, flexible, and energy-efficient lighting features.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Outdoor LED Strip Market Research Report

Regional Analysis

The global Outdoor LED Strip market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Outdoor LED Strip market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Outdoor LED Strip market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Outdoor LED Strip market comprises of Middle East, Africa, and Latin America.

The largest market share for Outdoor LED Strip was maintained by the North American regional sector. This increase is attributed to the technological advancement in the area. Additional factors promoting market growth include increased investor investments, government support, and the viability of the technology in the area. The implementation of stringent rules, the growing smart cities, and the considerable presence of significant technology providers and major production companies all have an impact on the US market.

Moreover, the Europe market has been persistently growing over the forecast period. Rising government initiatives drive the demand for Outdoor LED strips.

Additionally, due to the increasing emphasis placed on the rising demand for LED lights and increasing organizations' investment in outdoor LED screens to give real information, Asia Pacific is anticipated to experience the quickest growth over the forecast period.

Furthermore, the rest of the world's Outdoor LED Strip market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the region's rising use of LED lighting. Government support, a rise in investor interest, and the viability of the technology in the sector are all contributing factors to the expansion of the market.

Key Findings of the Study

• The global Outdoor LED Strip market is expected to reach USD 9.1 billion by 2032, at a CAGR of 13.5% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to the increasing emphasis placed on the rising demand for LED lights and increasing organizations' investments in outdoor LED screens.


• Based on application, the home use segment was attributed to holding the largest market in 2022, with an approximate market share of 47%.


• 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.