Neon Lighting Market Scope
Neon lighting has gained popularity for business promotions and domestic living space. They are inexpensive and can be used for directing a location, as business banners, an event banner, for promoting products etc. owing to its high-visibility. Neon signs that appear to blink or move are controlled by programmable electronic controls. The market is expected to continue to surge attributing to its areas of interest and applications.
The market of solutions for Neon Lighting is expected to grow with rising demand. Numerous companies are operating in the market to provide Neon Lighting for advertising. The market is highly fragmented with the presence of several market players. They are gaining attention owing to their innovative and novel portfolio. In addition, market profitability is attracting new entrant which is turn impacted on competitive rivalry. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Neon Lighting market throughout the predicted period.
Sygns (Germany), Signify Holding (The Netherlands), EGL Lighting Inc. (United States), Osram GmbH (Germany), Jesco Lighting Group LLC. (United States), Gruppe Lighting Solution Sdn. Bhd. (Malaysia), NVC Lighting Technology Corporation (China), Neo-Neon Holdings Ltd. (Hong Kong), SGi Lighting Inc. (United States) and IVC Signs (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are New Neon Lighting (India), Emo Neon (Poland), Demand Lighting USA, Inc. (United States), Jantec Neon Products (United States), Solid Apollo LED (United States) and National Neon Signs & Displays Ltd. (Canada).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Neon Lighting market by Type (Glass Neon, Led Neon and Others), by Application (Advertising, Commercial, Traffic and Construction) and Region with country level break-up.
On the basis of geography, the market of Neon Lighting has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
In June 2021, Jonathan Adler Launches Neon Light Collection in collaboration with Yellowpop. Jonathan Adler has paved has released his first-ever neon collection in collaboration with design brand Yellowpop. The collection will feature eight vibrant designs, including some of his most iconic and recognizable motifs in the form of LED neon signs.
Market Trend
- Used As Brand Awareness Medium
- Increasing Adoption of Neon Signage Owing To Its Reusability Factor
Market Drivers
- Advertising Industry Is the Key Driver
- Increasingly Used For Direction Banners on Highways
Opportunities
- Increasing Importance Given To Advertising Worldwide
Restraints
- Unawareness of Product Advantages in Undeveloped Regions
Challenges
- Highly Competitive Market
Key Target Audience
Neon Lighting Manufacturer, Neon Lighting Distributor & Supplier, Neon Lighting Raw Material Supplier, Neon Lighting End-Users, Downstream Vendors and Others