South Korea LED Lighting Market Analysis - Size and Forecast 2025-2029

South Korea LED Lighting Market Size 2025-2029

The South Korea led lighting market size is valued to increase USD 2.26 billion, at a CAGR of 7.7% from 2024 to 2029. Need for LED lighting in hazardous areas will drive the South Korea led lighting market.

Major Market Trends & Insights

• By Application - Residential segment was valued at USD 1.57 billion in 2022
• By Product - LED lamps segment accounted for the largest market revenue share in 2022
• CAGR from 2024 to 2029 : 7.7%

Market Summary

• The market is experiencing significant growth and innovation, driven by the increasing need for energy-efficient lighting solutions and the growing traction for intelligent lighting systems. Core technologies, such as organic light-emitting diodes (OLED) and light-emitting diodes based on gallium nitride (GaN), are revolutionizing the industry with their superior energy efficiency and longer lifespan. According to a report by the Korea Energy Agency, LED lighting accounted for over 60% of the total lighting market in South Korea in 2020, demonstrating the technology's dominance.
• However, the high cost of implementing LEDs remains a challenge for some businesses and consumers. Regulations, such as the Energy Efficiency Act, continue to push the market towards more efficient lighting solutions, creating opportunities for companies to innovate and meet the growing demand.

What will be the Size of the South Korea LED Lighting Market during the forecast period?

Get Key Insights on Market Forecast (PDF) Request Free Sample

How is the LED Lighting in South Korea Market Segmented ?

The led lighting in South Korea industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

• Application
  • Residential
  • Commercial
  • Industrial
  • Outdoor
  • Others
• Product
  • LED lamps
  • LED luminaires
• Distribution Channel
  • Offline
  • Online
• Geography
  • APAC
    • South Korea

By Application Insights

The residential segment is estimated to witness significant growth during the forecast period.

The market is experiencing significant evolution, with the residential segment exhibiting substantial growth in market revenue compared to commercial, industrial, outdoor, and other segments. This trend is driven by various factors, including the increasing urban population and the rising preference for trendy and personalized home decoration. As of November 1, 2023, South Korea had approximately 22.73 million households, representing a 1.5% increase from the previous year. This population growth is expected to boost the demand for LED lighting systems. Furthermore, consumers are prioritizing energy efficiency, emi compliance, glare control, and human centric lighting in their lighting choices.

Advanced driver technology, fixture design, thermal management, packaging technology, optical design, and luminaire design are essential considerations for manufacturers to meet these demands. Key features such as ir radiation, color temperature, heat dissipation, power consumption, and photometric data are crucial for ensuring LED lighting systems meet regulatory requirements and consumer expectations. Networked lighting, remote monitoring, smart lighting, control systems, and data analytics are also gaining popularity, as are considerations for light pollution, illuminance levels, and lighting control protocols. LED efficacy, color rendering index, energy efficiency, and led binning are essential factors in the production process, while spectral power distribution, uv radiation, sensor integration, light distribution, and visual comfort are crucial for end-users.

Request Free Sample

The Residential segment was valued at USD 1.57 billion in 2019 and showed a gradual increase during the forecast period.

Market Dynamics

Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

The market is witnessing significant growth, driven by advancements in LED chip packaging technologies and luminaire thermal management strategies. These innovations are enabling the production of more efficient and effective lighting solutions, making them increasingly popular in various applications. In the high-bay LED fixture segment, for instance, there is a growing emphasis on improving light distribution techniques and reducing energy consumption. Moreover, the implementation of advanced lighting control protocols and sensor-integrated lighting networks is transforming the market. These systems not only optimize performance but also contribute to energy savings potential and improved visual comfort. South Korean companies are also focusing on extending the lifespan of LED lighting systems through various methods, ensuring long-term cost savings for consumers.

The impact of LED lighting on human circadian rhythm is another crucial factor influencing market trends. With growing awareness of the importance of proper lighting conditions for maintaining optimal health, there is a rising demand for lighting solutions that improve the color rendering index and minimize blue light emissions. This is particularly relevant in the context of LED street lighting systems, where the efficacy and impact on public safety are essential considerations. In terms of market competition, a significant number of players are investing in LED driver design efficiency enhancements and analysis of LED light source spectral power distribution to differentiate their offerings.

The integration of LED lighting with building management systems is also gaining traction, as businesses seek to optimize their energy usage and create more sustainable, efficient environments. Compared to traditional lighting technologies, the adoption rate of LED lighting in South Korea is significantly higher, with more than 80% of new installations opting for LED solutions. This trend is expected to continue, as the benefits of LED lighting become increasingly apparent and the technology continues to evolve.

What are the key market drivers leading to the rise in the adoption of LED Lighting in South Korea Industry?

• The requirement for LED lighting in hazardous areas is the primary market driver, as these energy-efficient lights offer enhanced safety and longevity compared to traditional lighting solutions. 

• In various sectors of South Korea, including aerospace and defense, chemicals and fertilizers, maritime, food and beverage, and oil and gas industries, the importance of hazardous area lighting is paramount. Inadequate lighting in industrial settings can result in significant accidents, as personnel may encounter unmarked hazards or trip over objects, potentially leading to fatalities or injuries. Consequently, comprehensive illumination of entire manufacturing plants is essential to ensure worker safety.
• High-power LEDs have emerged as a preferred solution for industrial applications due to their superior lighting capabilities. The adoption of LED lighting is on the rise, as it enhances work efficiency and improves visibility for personnel. This trend is fueling the expansion of the market.

What are the market trends shaping the LED Lighting in South Korea Industry?

• Intelligent lighting systems are experiencing increasing demand in the market, representing an emerging trend.

• The lighting industry in the country is undergoing a digital transformation, marked by the emergence of intelligent lighting systems and controls. These advanced lighting solutions cater to evolving space requirements, particularly in commercial sectors like office buildings. Intelligent lighting systems enable multiple lights to be managed via a single controller, offering functionalities such as dimming, timer settings, and color-changing capabilities. Smart LED bulbs, a significant innovation, enhance the room ambiance with energy efficiency and customizable color options.
• Controlled through a hub connected to the Internet, these bulbs can be managed via mobile applications. The adoption of smart lighting systems continues to grow, redefining energy management and enhancing user experience.

What challenges does the LED Lighting in South Korea Industry face during its growth?

• The high cost of implementing LED technology poses a significant challenge to the industry's growth trajectory. 

• LED lighting integration in manufacturing plants and production facilities comes with a significant upfront investment, making it less appealing to end-users compared to traditional lighting sources like compact fluorescent lamps (CFLs), linear fluorescent lamps (LFLs), and high-intensity discharge (HID) lamps. The high cost of LED lighting is attributed to several factors. First, the assembly process for LEDs is carried out manually due to its intricate nature. A standardized manufacturing procedure for LEDs on machines has yet to be established.
• Second, the production of LEDs involves the use of advanced technology and materials, which increases the cost. Despite the high initial cost, LED lighting offers numerous benefits, such as energy efficiency, longer lifespan, and flexibility in design. As manufacturing processes evolve and become more automated, the cost of LED lighting is expected to decrease, making it a more viable option for end-users in various industries.

Exclusive Technavio Analysis on Customer Landscape

The South Korea led lighting market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the South Korea led lighting market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

 Customer Landscape of LED Lighting in South Korea Industry

Competitive Landscape 

Companies are implementing various strategies, such as strategic alliances, South Korea led lighting market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.

Acuity Brands Inc. - Lithonia Lighting, a leading player in the global lighting industry, specializes in energy-efficient LED solutions. Their product portfolio includes Retrofit LED lighting for commercial down lighting and Strip lighting. These innovative LED offerings enhance lighting quality and energy savings for various commercial applications.

The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• Acuity Brands Inc.
• ams OSRAM AG
• ANYLUX Co. Ltd.
• Backsan LNT Co. Ltd.
• DSE Co. Ltd.
• Eaton Corp. plc
• Everlight Electronics Co. Ltd.
• Hubbell Inc.
• Hwashin Korea Co. Ltd.
• Koninklijke Philips NV
• Korea LED and Equipment Co. Ltd.
• LG Innotek Co. Ltd.
• Lumileds Holding BV
• Nanoleaf Canada Ltd.
• Nichia Corp.
• Samsung Electronics Co. Ltd.
• Seoul Semiconductor Co. Ltd.
• SMART Global Holdings Inc.
• Zam Co. Ltd.
• Zhejiang Future Lighting Co. Ltd.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Recent Development and News in LED Lighting Market In South Korea

• In January 2024, LG Chem, a leading South Korean chemical company, announced the launch of its new line of high-performance phosphor materials for LED lighting, aiming to enhance the efficiency and lifespan of LED bulbs (LG Chem Press Release, 2024).
• In March 2024, Samsung Electronics and Signify, the world's leading lighting company, signed a strategic partnership to develop and commercialize LED lighting solutions using Samsung's Quantum Dot technology, aiming to improve color rendering and energy efficiency (Samsung Electronics Press Release, 2024).
• In May 2024, the South Korean government announced a new initiative, "Green New Deal 2.0," allocating USD11.2 billion for investments in green technologies, including LED lighting, to reduce the country's carbon emissions and promote energy efficiency (South Korean Ministry of Trade, Industry and Energy, 2024).
• In February 2025, Seoul Semiconductor, a major LED manufacturer, completed the acquisition of a 30% stake in Lumileds, a US-based LED lighting company, for USD350 million, expanding its presence in the global LED lighting market (Seoul Semiconductor Press Release, 2025).

Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled South Korea LED Lighting Market insights. See full methodology.

Request Free Sample

Research Analyst Overview

• In the dynamic and evolving landscape of LED lighting, South Korea stands out as a pioneering market. The country's commitment to EMI compliance and glare control has set the stage for advanced LED solutions. LED efficacy, a key factor in energy efficiency, continues to improve, with human centric lighting gaining traction. Driver technology plays a pivotal role in LED fixture design, enabling precise control over light output and color temperature. Thermal management and packaging technology are essential for ensuring optimal performance and longevity, with heat dissipation and power consumption being critical considerations. Photometric data and optical design are essential for achieving desired illuminance levels and uniform light distribution.
• South Korea's market activities reflect a growing emphasis on networked lighting, remote monitoring, and smart lighting control systems. Light pollution and visual comfort are increasingly important concerns, leading to the adoption of lighting control protocols, lighting simulations, and sensor integration. LED lifespan and EMC compliance are key performance indicators, with manufacturers focusing on improving these metrics through innovative approaches. The market's evolution is marked by a shift towards data analytics, with a focus on understanding energy usage patterns and optimizing lighting systems. UV radiation and color rendering index are other factors influencing the market, as human centric lighting gains popularity.
• In this context, South Korea's LED lighting market continues to unfold, driven by a commitment to energy efficiency, advanced technology, and market innovation.

What are the Key Data Covered in this South Korea LED Lighting Market Research and Growth Report?

• What is the expected growth of the South Korea LED Lighting Market between 2025 and 2029?

  • USD 2.26 billion, at a CAGR of 7.7%

• What segmentation does the market report cover?

  • The report segmented by Application (Residential, Commercial, Industrial, Outdoor, and Others), Product (LED lamps and LED luminaires), Distribution Channel (Offline and Online), and Geography (APAC)

• Which regions are analyzed in the report?

  • South Korea

• What are the key growth drivers and market challenges?

  • Need for LED lighting in hazardous areas, High cost of implementing LEDs

• Who are the major players in the LED Lighting Market in South Korea?

  • Key Companies Acuity Brands Inc., ams OSRAM AG, ANYLUX Co. Ltd., Backsan LNT Co. Ltd., DSE Co. Ltd., Eaton Corp. plc, Everlight Electronics Co. Ltd., Hubbell Inc., Hwashin Korea Co. Ltd., Koninklijke Philips NV, Korea LED and Equipment Co. Ltd., LG Innotek Co. Ltd., Lumileds Holding BV, Nanoleaf Canada Ltd., Nichia Corp., Samsung Electronics Co. Ltd., Seoul Semiconductor Co. Ltd., SMART Global Holdings Inc., Zam Co. Ltd., and Zhejiang Future Lighting Co. Ltd.

Market Research Insights

• The market is a significant player in the global solid-state lighting industry, with a growing emphasis on advanced technology and sustainability. According to industry estimates, the market for LED lighting in South Korea is projected to reach USD2.5 billion by 2025, representing a compound annual growth rate of 10% during the forecast period. Color quality and luminaire efficiency are key considerations in the South Korean LED lighting market, with a focus on meeting sustainability standards and regulatory compliance. Industrial lighting applications, such as factories and warehouses, account for a substantial portion of the market, with high-power LEDs and lighting controls being essential components.
• In contrast, residential lighting applications, including task, accent, decorative, and ambient lighting, are gaining popularity due to their energy efficiency and wireless communication capabilities. The adoption of LED arrays and lighting design software, along with photometry calculations and power factor correction, contribute to improved light levels and energy management systems. Environmental impact is also a significant concern, with a shift towards longer lifespan prediction and the integration of daylight harvesting and street lighting solutions. Regardless, maintenance costs remain a critical factor, with ongoing research and development efforts aimed at reducing these costs while maintaining high-quality lighting solutions.

We can help! Our analysts can customize this South Korea led lighting market research report to meet your requirements.

Get in touch