TrendForce: Global LED lighting market continued to shrink in the first half of the year, with smart and high value-added products becoming growth highlights.

According to the Zhixun Finance and Economics APP, TrendForce analysis pointed out that in the first half of 2025, the global LED general lighting industry did not recover as expected, the new installation market continued to be weak, the growth rate of the replacement market slowed down, and the overall market size continued to shrink. TrendForce estimates that the annual LED lighting market size will decline by 4.4% to $53.573 billion in 2025.