LED Glass Market Size, Share, Growth, and Industry Growth by Type (Flat LED Glass and Curved LED Glass), By Application (Indoor Decoration, Outdoor Decoration, Billboard Design, and Others), Regional Forecast To 2031

Updated On: 08 April 2024

LED Glass Market REPORT OVERVIEW

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The global LED glass market size was USD 488.9 million in 2022 and is projected to touch USD 1171.79 million by 2031, exhibiting a CAGR of 10.2% during forecast period.

A Light Emitting Diode glass is a monolithic glass that diffuses white light that transforms ordinary glass into lively displays. They can be integrated into ordinary glass and they are 90% transparent. They are considered a more energy efficient source of lighting than traditional fluorescent light bulbs. They are smaller and brighter than florescent bulbs and can be incorporated into glass. They can be customized according to the physical dimensions of the glass and the type of display.

The application of LED glasses is particularly used at the time of fabrication process where organizations create specific looks in terms of decoration and practicality. They are used as a decorative glass and proper lighting such as display cases, around skylights, or any surface. The demand for the product is due to the advantages associated such as stability, easy installation, application, and availability. The rise of such glasses is due to the energy saving and efficiency and reduced prices.

COVID-19 Impact: Halt on Lighting Industry to Hamper Market Growth

The effects of the COVID-19 pandemic are already being felt on a global level, the global LED glass market is noticeably influenced due to disruptions. In 2020, COVID-19 had a negative impact on many markets. Several countries went into lockdown. With the sudden pandemic, all kinds of businesses observed disruptions. With many restrictions in the pandemic, different types of markets were negatively impacted. The demand for this type of glass comes from the lighting industry, and the industry suffered from supply chain concerns. Without necessary components the production was halted and productivity was also impacted. New installation projects were impacted due to stopping of construction activities which affected the demand and supply of LED glasses and overall affected the market.  

LATEST TRENDS

"New Technologies to Thrust Market Expansion"

Integration of new and modern technologies are expected to boost the growth of the global the global market. There are new technologies such as Internet of Things (IoT), Li-Fi, and human-centric LED lighting. IoT has enabled LED lighting in every organization by creating smarter and virtually capabilities. It can help in the optimization of power grid management, heating and air conditioning, and next-generation wireless communications. The newest concept of Li-Fi in LED lighting that uses Wi-Fi connectivity using light rather than radio waves to transfer data at higher speeds. Li-Fi has the ability to create an alternative way for commercial spaces and offices. These new technologies can propel the market growth by posing as new opportunities.

LED Glass Market SEGMENTATION

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• By Type

According to type; the market is divided into flat LED glass and curved LED glass.

Flat LED glass holds the majority of the type segment as they are a more normally used.

• By Application

Based on the application; the market is divided into indoor decoration, outdoor decoration, billboard design, and others.  

DRIVING FACTORS

"Benefits Associated to Drive Demand"

The global LED glass market growth is anticipated to rise due to the benefits associated with the product. The solutions provided are varied as they provide benefits on aesthetic level and functional level. A simple structure of the glass with LED lighting can act as a double source of light due to the advantages of the transparency of the glass that allows the light from other environments and also the actual light of the LEDs. They can multiply the brightness of the space making them an excellent solution for modern environments. Customizable design allows the new and unique touch to the atmosphere. Such benefits can drive the market demand in this market.     

"Various Applications to Increase Demand"

The demand is growing rapidly due to various applications they have in construction activities. As buildings can be viewed by the majority of the people due to which they are used on the facades of the buildings. Buildings with glass exteriors can be turned into display boards on the busy commercial streets. They can be employed on staircases, facades, partitions, billboards, indoor, outdoor, shelves, interior wall display walls, and lobby areas. They are also used in special illuminations, gifts, and promotional displays. They are also used in indicator lamps in the automobiles in the rear-window and brake lights.

RESTRAINING FACTORS

"High Prices to Obstruct Market Growth"

There are a number of factors that can push the growth of the market. Restraining factors such as high costs of such glasses can impede market growth. They have comparatively high prices compared to traditional lights. The reason for high prices is due to the problems faced in the manufacturing of such lights. They have a higher price than art and billboard display technologies. These factors are expected to reduce the demand for the product in the market.

LED Glass Market REGIONAL INSIGHTS

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"Asia Pacific to Govern Market Due to Modernization of Infrastructure"

Asia Pacific holds the largest part of the global LED glass market share due to the ongoing infrastructure activities and modernization of the existing buildings. Such growth comes from countries such as India and China. The governments of the countries also have approved the construction of a number of smart cities which has led to the growth in the demand for the product.

Europe has the second largest market share due to high standard of living. The people in the region have the financial stature and means to be able to live in smart homes which are integrated with several innovative lights. Such applications can generate demand and are attributable to the market growth.

KEY INDUSTRY PLAYERS

"Key Players to Boost Demand Leading to Market Growth"

The report delivers information about the list of market players and their working in the industry. The information is collected and reported with proper research, technological developments, acquisitions, mergers, expanding production lines, and partnerships. Other aspects examined for the global LED glass market include companies producing and introducing new products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• Guangzhou Technical Photon Technology Co., LTD (China)
• ME Lighting (Australia)
• SCHOTT (Germany)
• IQ Glass (U.K.)
• Polytronix, Inc. (U.S.)
• G-Smatt Global (U.K.)
• Fujiang WinShine Industrial Co. Ltd. (China)
• Sanha Technology Co. Ltd. (China)
• Haimengkeji (China)
• Glasshape (New Zealand)
• Zunhua Electronic Engineering Co. Ltd (China)
• Stanley Glass (Taiwan)
• Saint-Gobain (France)
• Shenzhen Prima Glass Co. (China)

INDUSTRY DEVELOPMENT

• March 2022: Nike has launched their product line of new trainers that are controlled by LED lights and IoT. These new trainers have LEDs, crafting knife, translucent plastic, pencil and paper, Wi-Fi access point, and 5V battery.

REPORT COVERAGE

This research profiles a report with widespread studies that take into an explanation of the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics changes.