South Korea LED Lighting Market Size 2025-2029
The LED lighting market size in South Korea is forecast to increase by USD 2.26 billion at a CAGR of 7.7% between 2024 and 2029.
- The LED lighting market is experiencing significant growth due to the increasing demand for energy-efficient and long-lasting lighting solutions. One key trend driving market growth is the need for LED lighting in hazardous areas, where traditional lighting options are not suitable. Another trend is the growing traction for intelligent lighting systems, which offer energy savings and improved functionality. However, the high cost of implementing LEDs remains a challenge for some market players. Despite this, the benefits of LED lighting, such as energy efficiency and longevity, are expected to continue driving market growth In the coming years. LEDs, as semiconductor devices that emit light through the manipulation of electric current, have replaced traditional lighting sources like incandescent and fluorescent lights due to their longer lifespan and mercury-free composition. LED lighting is poised to revolutionize the lighting industry with its advanced features and cost savings over time.
What will be the Size of the market During the Forecast Period?
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1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Country Market Characteristics
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Market Segmentation by Product
- Executive Summary - Chart on Market Segmentation by Distribution Channel
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation
- 2.3 Factors of disruption
- Overview on factors of disruption
- 2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
- 3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 3.2 Market characteristics
- Market characteristics analysis
4 Market Sizing
- 4.1 Market definition
- Offerings of companies included in the market definition
- 4.2 Market segment analysis
- 4.4 Market outlook: Forecast for 2024-2029
- Chart on South Korea - Market size and forecast 2024-2029 ($ million)
- Data Table on South Korea - Market size and forecast 2024-2029 ($ million)
- Chart on South Korea: Year-over-year growth 2024-2029 (%)
- Data Table on South Korea: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
- 5.1 LED Lighting Market in South Korea 2019 - 2023
- Historic Market Size - Data Table on LED Lighting Market in South Korea 2019 - 2023 ($ million)
- 5.2 Application segment analysis 2019 - 2023
- Historic Market Size - Application Segment 2019 - 2023 ($ million)
- 5.3 Product segment analysis 2019 - 2023
- Historic Market Size - Product Segment 2019 - 2023 ($ million)
- 5.4 Distribution Channel segment analysis 2019 - 2023
- Historic Market Size - Distribution Channel Segment 2019 - 2023 ($ million)
6 Qualitative Analysis
- 6.1 Impact of AI on the LED Lighting Market in South Korea
7 Five Forces Analysis
- 7.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029
- 7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029
- 7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029
- 7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029
- 7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029
- 7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029
- 7.7 Market condition
- Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by Application
- 8.1 Market segments
- Chart on Application - Market share 2024-2029 (%)
- Data Table on Application - Market share 2024-2029 (%)
- 8.2 Comparison by Application
- Chart on Comparison by Application
- Data Table on Comparison by Application
- 8.3 Residential - Market size and forecast 2024-2029
- Chart on Residential - Market size and forecast 2024-2029 ($ million)
- Data Table on Residential - Market size and forecast 2024-2029 ($ million)
- Chart on Residential - Year-over-year growth 2024-2029 (%)
- Data Table on Residential - Year-over-year growth 2024-2029 (%)
- 8.4 Commercial - Market size and forecast 2024-2029
- Chart on Commercial - Market size and forecast 2024-2029 ($ million)
- Data Table on Commercial - Market size and forecast 2024-2029 ($ million)
- Chart on Commercial - Year-over-year growth 2024-2029 (%)
- Data Table on Commercial - Year-over-year growth 2024-2029 (%)
- 8.5 Industrial - Market size and forecast 2024-2029
- Chart on Industrial - Market size and forecast 2024-2029 ($ million)
- Data Table on Industrial - Market size and forecast 2024-2029 ($ million)
- Chart on Industrial - Year-over-year growth 2024-2029 (%)
- Data Table on Industrial - Year-over-year growth 2024-2029 (%)
- 8.6 Outdoor - Market size and forecast 2024-2029
- Chart on Outdoor - Market size and forecast 2024-2029 ($ million)
- Data Table on Outdoor - Market size and forecast 2024-2029 ($ million)
- Chart on Outdoor - Year-over-year growth 2024-2029 (%)
- Data Table on Outdoor - Year-over-year growth 2024-2029 (%)
- 8.7 Others - Market size and forecast 2024-2029
- Chart on Others - Market size and forecast 2024-2029 ($ million)
- Data Table on Others - Market size and forecast 2024-2029 ($ million)
- Chart on Others - Year-over-year growth 2024-2029 (%)
- Data Table on Others - Year-over-year growth 2024-2029 (%)
- 8.8 Market opportunity by Application
- Market opportunity by Application ($ million)
- Data Table on Market opportunity by Application ($ million)
9 Market Segmentation by Product
- 9.1 Market segments
- Chart on Product - Market share 2024-2029 (%)
- Data Table on Product - Market share 2024-2029 (%)
- 9.2 Comparison by Product
- Chart on Comparison by Product
- Data Table on Comparison by Product
- 9.3 LED lamps - Market size and forecast 2024-2029
- Chart on LED lamps - Market size and forecast 2024-2029 ($ million)
- Data Table on LED lamps - Market size and forecast 2024-2029 ($ million)
- Chart on LED lamps - Year-over-year growth 2024-2029 (%)
- Data Table on LED lamps - Year-over-year growth 2024-2029 (%)
- 9.4 LED luminaires - Market size and forecast 2024-2029
- Chart on LED luminaires - Market size and forecast 2024-2029 ($ million)
- Data Table on LED luminaires - Market size and forecast 2024-2029 ($ million)
- Chart on LED luminaires - Year-over-year growth 2024-2029 (%)
- Data Table on LED luminaires - Year-over-year growth 2024-2029 (%)
- 9.5 Market opportunity by Product
- Market opportunity by Product ($ million)
- Data Table on Market opportunity by Product ($ million)
10 Market Segmentation by Distribution Channel
- 10.1 Market segments
- Chart on Distribution Channel - Market share 2024-2029 (%)
- Data Table on Distribution Channel - Market share 2024-2029 (%)
- 10.2 Comparison by Distribution Channel
- Chart on Comparison by Distribution Channel
- Data Table on Comparison by Distribution Channel
- 10.3 Offline - Market size and forecast 2024-2029
- Chart on Offline - Market size and forecast 2024-2029 ($ million)
- Data Table on Offline - Market size and forecast 2024-2029 ($ million)
- Chart on Offline - Year-over-year growth 2024-2029 (%)
- Data Table on Offline - Year-over-year growth 2024-2029 (%)
- 10.4 Online - Market size and forecast 2024-2029
- Chart on Online - Market size and forecast 2024-2029 ($ million)
- Data Table on Online - Market size and forecast 2024-2029 ($ million)
- Chart on Online - Year-over-year growth 2024-2029 (%)
- Data Table on Online - Year-over-year growth 2024-2029 (%)
- 10.5 Market opportunity by Distribution Channel
- Market opportunity by Distribution Channel ($ million)
- Data Table on Market opportunity by Distribution Channel ($ million)
11 Customer Landscape
- 11.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
12 Drivers, Challenges, and Opportunity/Restraints
- 12.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
- 12.4 Market opportunities/restraints
13 Competitive Landscape
- 13.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 13.3 Landscape disruption
- Overview on factors of disruption
- 13.4 Industry risks
- Impact of key risks on business
14 Competitive Analysis
- 14.2 Company ranking index
- 14.3 Market positioning of companies
- Matrix on companies position and classification
- 14.4 Acuity Brands Inc.
- Acuity Brands Inc. - Overview
- Acuity Brands Inc. - Business segments
- Acuity Brands Inc. - Key offerings
- Acuity Brands Inc. - Segment focus
- SWOT
- 14.5 ams OSRAM AG
- ams OSRAM AG - Overview
- ams OSRAM AG - Business segments
- ams OSRAM AG - Key news
- ams OSRAM AG - Key offerings
- ams OSRAM AG - Segment focus
- SWOT
- 14.6 ANYLUX Co. Ltd.
- ANYLUX Co. Ltd. - Overview
- ANYLUX Co. Ltd. - Product / Service
- ANYLUX Co. Ltd. - Key offerings
- SWOT
- 14.7 Backsan LNT Co. Ltd.
- Backsan LNT Co. Ltd. - Overview
- Backsan LNT Co. Ltd. - Product / Service
- Backsan LNT Co. Ltd. - Key offerings
- SWOT
- 14.8 DSE Co. Ltd.
- DSE Co. Ltd. - Overview
- DSE Co. Ltd. - Product / Service
- DSE Co. Ltd. - Key offerings
- SWOT
- 14.9 Eaton Corp. plc
- Eaton Corp. plc - Overview
- Eaton Corp. plc - Business segments
- Eaton Corp. plc - Key news
- Eaton Corp. plc - Key offerings
- Eaton Corp. plc - Segment focus
- SWOT
- 14.10 Everlight Electronics Co. Ltd.
- Everlight Electronics Co. Ltd. - Overview
- Everlight Electronics Co. Ltd. - Product / Service
- Everlight Electronics Co. Ltd. - Key offerings
- SWOT
- 14.11 Hwashin Korea Co. Ltd.
- Hwashin Korea Co. Ltd. - Overview
- Hwashin Korea Co. Ltd. - Product / Service
- Hwashin Korea Co. Ltd. - Key offerings
- SWOT
- 14.12 LG Innotek Co. Ltd.
- LG Innotek Co. Ltd. - Overview
- LG Innotek Co. Ltd. - Business segments
- LG Innotek Co. Ltd. - Key offerings
- LG Innotek Co. Ltd. - Segment focus
- SWOT
- 14.13 Lumileds Holding BV
- Lumileds Holding BV - Overview
- Lumileds Holding BV - Product / Service
- Lumileds Holding BV - Key offerings
- SWOT
- 14.14 Nichia Corp.
- Nichia Corp. - Overview
- Nichia Corp. - Product / Service
- Nichia Corp. - Key news
- Nichia Corp. - Key offerings
- SWOT
- 14.15 Samsung Electronics Co. Ltd.
- Samsung Electronics Co. Ltd. - Overview
- Samsung Electronics Co. Ltd. - Business segments
- Samsung Electronics Co. Ltd. - Key news
- Samsung Electronics Co. Ltd. - Key offerings
- Samsung Electronics Co. Ltd. - Segment focus
- SWOT
- 14.16 Seoul Semiconductor Co. Ltd.
- Seoul Semiconductor Co. Ltd. - Overview
- Seoul Semiconductor Co. Ltd. - Product / Service
- Seoul Semiconductor Co. Ltd. - Key offerings
- SWOT
- 14.17 SMART Global Holdings Inc.
- SMART Global Holdings Inc. - Overview
- SMART Global Holdings Inc. - Business segments
- SMART Global Holdings Inc. - Key offerings
- SMART Global Holdings Inc. - Segment focus
- SWOT
- 14.18 Zhejiang Future Lighting Co. Ltd.
- Zhejiang Future Lighting Co. Ltd. - Overview
- Zhejiang Future Lighting Co. Ltd. - Product / Service
- Zhejiang Future Lighting Co. Ltd. - Key offerings
- SWOT
15 Appendix
- 15.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 15.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 15.4 Research methodology
- 15.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 15.9 360 degree market analysis
- 360 degree market analysis
- 15.10 List of abbreviations