Neon Signs Market is estimated to grow at 5.5% by 2029 : Cognitive Market Research

As per Cognitive Market Research analysis, the global market size for global Neon Signs market is estimated to grow at 5.5% growth rate during forecast period.

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Neon lighting comprises of brightly glowing, electrified glass tubes or bulbs fills with rarefied neon or other gases. Neon sign is the most commonly use application of neo lighting. Other than neon sign; neon glow lamps and plasma displays are different types of neon lighting. The glass use in neon lighting is pre-powdered with a phosphor coating. To give a required shape to the glass, it is heated until gets soft and bent to shape over a paper pattern by hand or blown into the tube and then cool down. Apart from glass discharge tubes, an inert gas (neon, argon, etc.); transformer, an HT cable and wiring, and an electrical mains plug are components used in typical neon sign setup. Once the bending process is completed, these parts are assembled together. Due to the availability of customization in shape, size of the tube and colours, neon sign is becoming the most popular for many applications including advertising, signage etc. Neon signs can be either hand-blown or machine-made, and comes up with the unique specifications. The popularity of creative neon sign is increasing day by day, due to the unique and eye-catching glow of the lights in different color and shape. It gives vibrant touch to any location and can be visible from long distance as well. Increasing number of restaurants and cafe coupled with rising disposable income globally are the key factors driving the demand of neon sign market. Longer lifespan, energy efficiency, high visibility, wide operating ranges are the main features of neon lights that helps to drive the market at fast pace. Increasing awareness about low maintenance and energy efficient neon lights, the demand of neon sign is growing rapidly. Neon signs have wide range of applications such as advertising, marketing, decorations; due to the customization of the product. Custom neon signs play important role to promote brand. Many companies are making their logo in neon lights which make it much attractive and unique with lower energy use. For millennials and Gen Z, customize neon signs as per their choice, names, and mood is the most trending and coolest thing that increases its demand for decoration and personal application. Millennials hold the major share of the working population globally due to which, the demand of commercial and business application of neon sign is also increasing.

Regional Analysis of Neon Signs Market:
• Geographically, the global market is divided into North America, Europe, Asia Pacific, Latin America, and Middle-east Countries. North America dominated the market in 2021, due to the high adoption of advance technology and rising popularity of outdoor signage. Asia Pacific is expected to be the fastest growing region due to the growing disposable income in the region resulted into infrastructure developments and number of restaurants, malls in the region.

Top players involved in the Neon Signs market:
- Major players involved in the market includs
• Sygns
• Philips Lighting
• EGL Lighting
• Osram
• Jesco Lighting
• Sidon Lighting
• Optek Electronics
• NVC Lighting
• Neo-Neon
• SGi Lighting
• IVC Signs.

Current Trends of Manufacturers:
• December 27, 2022
Indian based custom neon sign brand has announced new collection of Neon Signs for home decor.

• February 3, 2022
Environmental Lights, a U.S. based LED lighting solution provider has launched Pixel EcoFlex 4-in-1 LED Neon in horizontal and vertical bending configurations.

• June 29, 2022
A U.S. based Echo Neon, manufacturer of custom LED neon sign has launched the USA's First Handcrafted, Custom-Made LED Neon Signs

Segment Analysis:
• On The Basis Of Types, the market is the global neon signs market is classified into LED flex neon signs, traditional neon sign and others. There are several differences between the LED neon and traditional glass neon such as LED neon are inexpensive to manufacture, install and replace compare to glass neon. Glass neon are the fragile and shatter easily due to which LED neon are preferred in many applications. Therefore, LED flux neon are the fastest growing type segment of the neon signs market.

• Based On The Requirement Type Segment, the market of neon signs is categorised into custom signs, business signs, and others. Custom neon signs are gaining popularity in recent years due to the flexible size, shape and message of the neon sign. Business neon sign have variety of applications such as directional use, hoarding boards, promotional activities and events etc.

• The neon signs can be mounted by various methods including directly on wall, acrylic panel, wooden boards, mirror backing and metal panels. The most rigid surface is preferred for the mounting due to the durability. Acrylic panel is one of the fastest growing segments due to the transparent, high strength and optical clarity of the material. Based on the requirement and creative prospect, other mounting types are gaining popularity.

• Advertising, Traffic, Directional Use, Decoration And Others Are The Different Applications of neon sign. Advertising segment hold the major share for the total market due to high demand for various promotional events, commercial use, marketing. In addition, decoration application expected to be one of the fastest growing segments due to the increasing awareness and popularity of customizable neon signs. In addition, personalise use of neon sign by various influencers, youtubers are propelling the demand of neon sign.

• Based On End-User segment, the neon signs market is divided into restaurants and cafes, content production studios, beauty & hair salons, retail shops, night clubs, malls and others. Restaurants & cafes and retails shops segment together dominate the total neon sign market.

Related Report:
• Noble Gas Market - https://www.cognitivemarketresearch.com/noble-gas-market-report
• LED Lights Market - https://www.cognitivemarketresearch.com/led-lights-market-report
• Acrylic Sheets Market - https://www.cognitivemarketresearch.com/acrylic-sheets-market-report

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