LED Lighting Market Analysis

Application Segment Analysis

In the application segment, indoor lighting will capture the largest revenue share of 68.5% in the LED lighting market over the discussed timeframe. The residential and commercial buildings are making a major shift from incandescent sources to LEDs for efficiency, durability, and lower heat output, propelling the dominance of the subtype.  Hikvision India, in October 2025, introduced energy-efficient LED display modules, which include regular, soft, and cut-edge variants, especially designed to deliver high-performance visual solutions across diverse commercial environments. The launch is efficiently backed by in-house manufacturing, strong R&D capabilities, and power-saving algorithms that reduce energy consumption by more than 20%. Besides, these new LED modules support creative installations and reliable performance for applications such as retail spaces, large indoor screens, billboards, and building façades, thereby reinforcing Hikvision’s leadership in innovative commercial display solutions.

Product Type Segment Analysis

By the end of 2035, luminaries will grow at a considerable rate in the LED lighting market owing to their capabilities in energy savings, installation convenience, and functional advantages. These integrated fixtures allow better light distribution and longer lifetimes, attracting a wider audience group. Vari-Lite, a Signify brand, in December 2024 announced that it has launched the VL600 Acclaim+ Series, which is a high-output theatrical luminaire range especially designed for professional stage, theatre, and large-venue lighting applications. The firm also notes that this new series delivers enhanced brightness, color accuracy, and optical performance to meet the demanding requirements of live entertainment environments. In addition, the product has a 305W LED engine for over 15,000 lumens of output, and it delivers improved efficiency, thereby reinforcing the segment’s leadership in advanced professional lighting solutions.

End use Segment Analysis

The commercial sub-type based on end use will grow at a lucrative rate in the market, owing to the high usage intensity, regulatory efficiency standards, and heightened demand for energy cost savings. Upgrading to LEDs in offices, retail, and institutional spaces cuts down the electricity and maintenance costs, which is one of the key factors supporting the promotion of LEDs to reduce energy consumption in commercial buildings. In addition, advancements in terms of smart lighting controls and IoT integration are readily enhancing operational flexibility in this sector. Also, there has been a growing awareness of sustainability and green building certifications, which are driving adoption in commercial sectors. Furthermore, the increasing availability of high-quality, durable LED luminaires that are suitable for large-scale commercial applications is also contributing to market growth over the discussed timeframe.

Our in-depth analysis of the LED lighting market includes the following segments: