India LED Market (2025-2031) | Competitive, Drivers, Share, Companies, Outlook, Size, Forecast, Strategic Insights, Investment Trends, Analysis, Opportunities, Pricing Analysis, Segments, Competition, Consumer Insights, Supply, Industry, Growth, Restraints, Revenue, Strategy, Segmentation, Trends, Demand, Challenges, Value

India LED Market Growth Rate

According to 6Wresearch internal database and industry insights, the India LED Market is projected to grow at a compound annual growth rate (CAGR) of 15.2% during the forecast period (2025–2031).

India LED Market Highlights

Five-Year Growth Trajectory of the India LED Market with Core Drivers

Below mentioned are the evaluation of year-wise growth rate along with key drivers:

The India LED Market report thoroughly covers the market by types, technology, material, end-user and applications. The report provides an unbiased and detailed analysis of ongoing market trends, opportunities/high-growth areas, and market drivers that will help stakeholders devise and align strategies according to current and future market dynamics.

India LED Market Synopsis

India LED Market is expected to witness robust growth due to expanding adoption in general illumination, high-end displays, and advanced automotive lighting. The increasing shift toward smart and connected luminaires, along with the growth of display technology in consumer electronics and EV automotive sectors, is enhancing LED usage.

Government-backed energy efficiency programs, coupled with the Production Linked Incentive (PLI) scheme, are fostering local manufacturing, accelerating the India LED Market Growth.

Evaluation of Growth Drivers in the India LED Market

Below mentioned are some prominent drivers and their influence on the India LED Market dynamics:

India LED Market is expected to grow steadily at 15.2% CAGR between 2025 and 2031. Growth of the market is attributed to the widespread use of LEDs in general lighting, display panels, and automotive applications. Along with that, rapid urbanization, expansion of smart city projects, and strong government support for energy-efficient lighting continue to fuel the market’s expansion.

Rising demand for smart and connected luminaires, coupled with the adoption of advanced LED backlighting technologies such as mini-LED and OLED in televisions and monitors, further accelerates industry growth. The demand for Mini LEDs will dominate, given their high brightness, long operational life, superior contrast performance, and energy efficiency.

Evaluation of Restraints in the India LED Market

Below mentioned are some major restraints and their influence on the India LED Market dynamics:

India LED Market Challenges

The market is expected to grow rapidly but despite that there are several difficulties the industry encounters. Price-scaling in premium and industrial-grade segments causing cost sensitivity, limited chip fabrication capability, and inconsistent distribution networks are few such contributors. Thermal management problems in automotive and outdoor lighting, coupled with competition from unorganized players, are other factors which further challenge branded product penetration.

India LED Market Trends

Several significant trends are impacting India LED Industry:

• Shift to Mini LED Backlighting: Used for improved brightness and efficiency in TVs and signage.
• Human-Centric & Adaptive Lighting: Expanding in offices, hospitals, and homes to mimic natural daylight.
• Smart Connected Luminaires: IoT-enabled solutions enhance building automation and energy management.
• OLED Expansion: Growth in premium smartphones, wearables, and curved screens.
• UV & IR LED Applications: Used in medical sterilization, security systems, and industrial sensors.

Investment Opportunities in the India LED Industry

Some of the notable investment opportunities are:

• Domestic Component Manufacturing: Establishing fabrication for LED drivers and optics to reduce import reliance.
• Advanced Display Backlighting: Expanding mini-LED assembly for high-end monitors and televisions.
• Automotive LED Systems: Integrating DRL and adaptive headlamp modules for EVs.
• Smart Infrastructure Lighting: Deploying connected street and indoor lighting systems.
• UV/IR Specialty Modules: Catering healthcare and surveillance with certified solutions.

Top 5 Leading Players in the India LED Market

Below is the list of prominent companies leading in the India LED Market Share:

1. Signify (Philips) India

Signify (formerly Philips Lighting) provides a wide range of LED luminaires, drivers, and connected lighting systems catering to residential, commercial, and municipal applications. It leads innovation in smart and sustainable lighting technologies.

2. Havells India Limited

Havells offers comprehensive LED lighting solutions across consumer, industrial, and professional segments. With a strong retail network and energy-efficient focus, it remains one of India’s most recognized lighting brands.

3. Wipro Lighting (Wipro Enterprises)

Wipro Lighting focuses on human-centric, connected, and smart lighting systems. Its solutions integrate IoT and design innovation to enhance productivity and sustainability in modern workspaces.

4. Bajaj Electricals Ltd.

Bajaj Electricals is a major supplier of LED lighting products and streetlight solutions, catering to mass-market and infrastructure projects. The company is known for its wide distribution coverage and durable lighting systems.

5. ams OSRAM

ams OSRAM delivers advanced LED components, automotive lighting modules, and display illumination solutions. The company drives innovation in sensor integration and high-performance lighting technologies worldwide.

Government Regulations Introduced in the India LED Market

According to Indian Government Data, multiple policies promote LED usage and manufacturing. The UJALA Scheme has distributed millions of LED bulbs, reducing national power consumption. The Street Lighting National Programme (SLNP) has retrofitted millions of streetlights nationwide. The Production Linked Incentive (PLI) scheme for white goods promotes LED component localization. Additionally, the Bureau of Energy Efficiency (BEE) mandates performance labeling, while EESL procurement frameworks ensure quality compliance and boost energy efficiency standards across the country.

Future Insights of the India LED Market

The India LED Industry will continue to expand, supported by smart infrastructure programs, electric vehicle proliferation, and advanced display adoption. Domestic value chain development and connected lighting ecosystems are anticipated to enhance local manufacturing competitiveness and innovation, positioning India as a regional hub for energy-efficient lighting and visual solutions. Rising investments and government incentives supporting domestic production will further bolster India’s long-term self-reliance and export capability.

Market Segmentation Analysis

The report offers a comprehensive study of the subsequent market segments and their leading categories.

Mini LED to Dominate the Market – By Type

According to Priya Arora, Senior Research Analyst, 6Wresearch, Mini LED dominates the market due to its superior brightness, contrast control, and long operational life, becoming the preferred choice for premium TVs, monitors, and signage displays.

SMD Technology to Dominate the Market – By Technology

SMD Technology holds the largest share due to mature manufacturing infrastructure, easy automation, and versatile applications across bulbs, tubes, and panels. It allows compact designs, stable performance, and cost optimization, ensuring its widespread use.

Indium Gallium Nitride (InGaN) to Dominate the Market – By Material

InGaN is the dominant material owing to its superior luminous efficiency, long lifespan, and stability in both blue and white light LEDs. It remains central to high-efficiency lighting and display devices widely used in India’s industrial and consumer applications.

General Lighting to Dominate the Market – By Application

General Lighting leads the market as residential, commercial, and municipal users rapidly replace legacy lighting with LEDs for reduced power bills and maintenance. Energy-efficient bulbs, panels, and streetlights ensure consistent growth across the segment.

Consumer Electronics to Dominate the Market – By End User

Consumer Electronics dominates the market due to the growing popularity of LED-based TVs, smartphones, and display devices. Premiumization and technological evolution toward Mini-LED and OLED panels make this segment the major contributor to revenue.

Key Attractiveness of the Report

• 10 Years of Market Numbers
• Historical Data Starting from 2021 to 2024
• Base Year: 2024
• Forecast Data until 2031
• Key Performance Indicators Impacting the Market
• Major Upcoming Developments and Projects

Key Highlights of the Report:

• India LED Market Outlook
• Market Size of India LED Market,2024
• Forecast of India LED Market, 2031
• Historical Data and Forecast of India LED Revenues & Volume for the Period 2021-2031
• India LED Market Trend Evolution
• India LED Market Drivers and Challenges
• India LED Price Trends
• India LED Porter's Five Forces
• India LED Industry Life Cycle
• Historical Data and Forecast of India LED Market Revenues & Volume By Type for the Period 2021-2031
• Historical Data and Forecast of India LED Market Revenues & Volume By Mini LED for the Period 2021-2031
• Historical Data and Forecast of India LED Market Revenues & Volume By Micro LED for the Period 2021-2031
• Historical Data and Forecast of India LED Market Revenues & Volume By OLED for the Period 2021-2031
• Historical Data and Forecast of India LED Market Revenues & Volume By UV LED for the Period 2021-2031
• Historical Data and Forecast of India LED Market Revenues & Volume By Infrared LED for the Period 2021 - 2031
• Historical Data and Forecast of India LED Market Revenues & Volume By Technology for the Period 2021-2031
• Historical Data and Forecast of India LED Market Revenues & Volume By SMD Technology for the Period 2021-2031
• Historical Data and Forecast of India LED Market Revenues & Volume By COB Technology for the Period 2021-2031
• Historical Data and Forecast of India LED Market Revenues & Volume By Flip-Chip Bonding for the Period 2021-2031
• Historical Data and Forecast of India LED Market Revenues & Volume By Wire Bonding for the Period 2021-2031
• Historical Data and Forecast of India LED Market Revenues & Volume By Hybrid Bonding for the Period 2021 - 2031
• Historical Data and Forecast of India LED Market Revenues & Volume By Material for the Period 2021-2031
• Historical Data and Forecast of India LED Market Revenues & Volume By Gallium Nitride (GaN) for the Period 2021-2031
• Historical Data and Forecast of India LED Market Revenues & Volume By Gallium Arsenide (GaAs) for the Period 2021-2031
• Historical Data and Forecast of India LED Market Revenues & Volume By Silicon Carbide (SiC) for the Period 2021-2031
• Historical Data and Forecast of India LED Market Revenues & Volume By Indium Gallium Nitride (InGaN) for the Period 2021-2031
• Historical Data and Forecast of India LED Market Revenues & Volume By Aluminum Gallium Indium Phosphide (AlGaInP) for the Period 2021 - 2031
• Historical Data and Forecast of India LED Market Revenues & Volume By Application for the Period 2021-2031
• Historical Data and Forecast of India LED Market Revenues & Volume By General Lighting for the Period 2021-2031
• Historical Data and Forecast of India LED Market Revenues & Volume By Display Panels for the Period 2021-2031
• Historical Data and Forecast of India LED Market Revenues & Volume By Automotive Headlights for the Period 2021-2031
• Historical Data and Forecast of India LED Market Revenues & Volume By Medical Imaging for the Period 2021-2031
• Historical Data and Forecast of India LED Market Revenues & Volume By Remote Controls for the Period 2021 - 2031
• Historical Data and Forecast of India LED Market Revenues & Volume By End User for the Period 2021-2031
• Historical Data and Forecast of India LED Market Revenues & Volume By Consumer Electronics for the Period 2021-2031
• Historical Data and Forecast of India LED Market Revenues & Volume By Automotive for the Period 2021-2031
• Historical Data and Forecast of India LED Market Revenues & Volume By Healthcare for the Period 2021-2031
• Historical Data and Forecast of India LED Market Revenues & Volume By Industrial for the Period 2021 - 2031
• Historical Data and Forecast of India LED Market Revenues & Volume By Aerospace for the Period 2021 - 2031
• India LED Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By Technology
• Market Opportunity Assessment By Material
• Market Opportunity Assessment By Application
• Market Opportunity Assessment By End User
• India LED Top Companies Market Share
• India LED Competitive Benchmarking By Technical and Operational Parameters
• India LED Company Profiles
• India LED Key Strategic Recommendations

Market Covered

The report provides a detailed analysis of the following market segments:

By Type

• Mini LED
• Micro LED
• OLED
• UV LED
• Infrared LED

By Technology

• SMD Technology
• COB Technology
• Flip-Chip Bonding
• Wire Bonding
• Hybrid Bonding

By Material

• Gallium Nitride (GaN)
• Gallium Arsenide (GaAs)
• Silicon Carbide (SiC)
• Indium Gallium Nitride (InGaN)
• Aluminum Gallium Indium Phosphide (AlGaInP)

By Application

• General Lighting
• Display Panels
• Automotive Headlights
• Medical Imaging
• Remote Controls

By End User

• Consumer Electronics
• Automotive
• Healthcare
• Industrial
• Aerospace