North America LED Wristbands Market Size, Share & Trends Analysis Report By Price, By Functionality, By Distribution Channel, By Country and Growth Forecast, 2024

Description

List of Tables

The North America LED Wristbands Market would witness market growth of 16.2% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 2,207.71 thousand units, showcasing a growth of 30.0% (2020-2023).

The market offers a wide range of options, including low-priced variants that cater to various consumer needs and preferences. These affordable wristbands are typically favored for events, concerts, parties, and promotional activities where budget considerations are paramount. Despite their lower price point, they offer several advantages, such as providing vibrant illumination, enhancing visibility in low-light environments, and adding an interactive element to the wearer's experience. Thus, the US market consumed 2,617.02 thousand units of low-priced wristbands in 2023.

The US market dominated the North America LED Wristbands Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $131,298.8 Thousands by 2031. The Canada market is experiencing a CAGR of 18.9% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 17.8% during (2024 - 2031).

LED wristbands boast a multitude of applications across various industries and settings, reflecting their versatility and adaptability to diverse user needs. They have become synonymous with live events such as concerts, music festivals, and sporting events. These wristbands enhance audience engagement by synchronizing light displays with music, creating immersive experiences that elevate the atmosphere of any gathering. Whether it's pulsating to the beat of a song or lighting up in sync with stage effects, these wristbands add a dynamic visual element to live performances.

Likewise, businesses leverage the visual impact of these wristbands as powerful marketing tools to promote their brands and products. Customized with company logos, slogans, or promotional messages, these wristbands serve as unique giveaways at trade shows, conferences, and product launches. They help increase brand visibility, foster customer engagement, and leave a lasting impression on recipients.

The growth of e-commerce in Mexico expands the accessibility of these wristbands to a wider audience nationwide. According to the International Trade Administration (ITA), the domestic e-commerce industry was valued at USD 26.2 billion in 2022, representing a 23 percent increase over 2021. Mexico is positioned among the top five countries in the world in terms of e-commerce retail growth rate. There were 63 million Mexican e-commerce users in 2022, an increase of 5.5 million over 2021. Mexico's e-commerce sector value will reach USD 70.4 billion by 2027. Additionally, Canada hosts various events throughout the year, including music festivals, sporting events, corporate gatherings, and community celebrations. These wristbands are increasingly used at these events for crowd engagement, brand promotion, and immersive experiences, driving the demand for such products. For example, Events like Osheaga in Montreal, NXNE in Toronto, and Shambhala in British Columbia often utilize these wristbands to enhance the concert experience for attendees. Hence, increasing events and the rising e-commerce sector in the region are propelling the market's growth.

Based on Price, the market is segmented into Low Price and High Price. Based on Functionality, the market is segmented into With Smart Functionality and Without Smart Functionality. Based on Distribution Channel, the market is segmented into Online Retailing and Offline Retailing. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

LG Electronics, Inc. (LG Corporation)
Sony Corporation
Panasonic Corporation
SHARP Corporation
Samsung Electronics Co., Ltd. (Samsung Group)
Hitachi, Ltd.
Koninklijke Philips N.V.
Cree Lighting (Ideal Industries, Inc.)
GE Lighting (Savant Technologies LLC)
ams-OSRAM AG

North America LED Wristbands Market Report Segmentation

By Price (Volume, Thousand Units, USD Million, 2020-31)

Low Price
High Price

By Functionality (Volume, Thousand Units, USD Million, 2020-31)

With Smart Functionality
Without Smart Functionality

By Distribution Channel (Volume, Thousand Units, USD Million, 2020-31)

Online Retailing
Offline Retailing

By Country (Volume, Thousand Units, USD Million, 2020-31)

US
Canada
Mexico
Rest of North America

Chapter 1. Market Scope & Methodology

1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
- 1.4.1 North America LED Wristbands Market, by Price
- 1.4.2 North America LED Wristbands Market, by Functionality
- 1.4.3 North America LED Wristbands Market, by Distribution Channel
- 1.4.4 North America LED Wristbands Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance

2.1 Key Highlights

Chapter 3. Market Overview

3.1 Introduction
- 3.1.1 Overview
  - 3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
3.3 Porter's Five Forces Analysis

Chapter 4. North America LED Wristbands Market by Price

4.1 North America Low Price Market by Region
4.2 North America High Price Market by Region

Chapter 5. North America LED Wristbands Market by Functionality

5.1 North America With Smart Functionality Market by Country
5.2 North America Without Smart Functionality Market by Country

Chapter 6. North America LED Wristbands Market by Distribution Channel

6.1 North America Online Retailing Market by Country
6.2 North America Offline Retailing Market by Country

Chapter 7. North America LED Wristbands Market by Country

7.1 US LED Wristbands Market
- 7.1.1 US LED Wristbands Market by Price
- 7.1.2 US LED Wristbands Market by Functionality
- 7.1.3 US LED Wristbands Market by Distribution Channel
7.2 Canada LED Wristbands Market
- 7.2.1 Canada LED Wristbands Market by Price
- 7.2.2 Canada LED Wristbands Market by Functionality
- 7.2.3 Canada LED Wristbands Market by Distribution Channel
7.3 Mexico LED Wristbands Market
- 7.3.1 Mexico LED Wristbands Market by Price
- 7.3.2 Mexico LED Wristbands Market by Functionality
- 7.3.3 Mexico LED Wristbands Market by Distribution Channel
7.4 Rest of North America LED Wristbands Market
- 7.4.1 Rest of North America LED Wristbands Market by Price
- 7.4.2 Rest of North America LED Wristbands Market by Functionality
- 7.4.3 Rest of North America LED Wristbands Market by Distribution Channel

Chapter 8. Company Profiles

8.1 LG Electronics, Inc. (LG Corporation)
- 8.1.1 Company Overview
- 8.1.2 Financial Analysis
- 8.1.3 Regional & Segmental Analysis
- 8.1.4 Research & Development Expenses
- 8.1.5 SWOT Analysis
8.2 Sony Corporation
- 8.2.1 Company Overview
- 8.2.2 Financial Analysis
- 8.2.3 Segmental and Regional Analysis
- 8.2.4 Research & Development Expenses
- 8.2.5 SWOT Analysis
8.3 Panasonic Holdings Corporation
- 8.3.1 Company Overview
- 8.3.2 Financial Analysis
- 8.3.3 Segmental and Regional Analysis
- 8.3.4 Research & Development Expenses
- 8.3.5 SWOT Analysis
8.4 Sharp Corporation
- 8.4.1 Company Overview
- 8.4.2 Financial Analysis
- 8.4.3 Segmental & Regional Analysis
- 8.4.4 Research & Development Expense
- 8.4.5 SWOT Analysis
8.5 Samsung Electronics Co., Ltd. (Samsung Group)
- 8.5.1 Company Overview
- 8.5.2 Financial Analysis
- 8.5.3 Segmental and Regional Analysis
- 8.5.4 Research & Development Expenses
- 8.5.5 SWOT Analysis
8.6 Hitachi, Ltd.
- 8.6.1 Company Overview
- 8.6.2 Financial Analysis
- 8.6.3 Segmental and Regional Analysis
- 8.6.4 Research & Development Expenses
- 8.6.5 SWOT Analysis
8.7 Koninklijke Philips N.V.
- 8.7.1 Company Overview
- 8.7.2 Financial Analysis
- 8.7.3 Segmental and Regional Analysis
- 8.7.4 Research & Development Expense
- 8.7.5 SWOT Analysis
8.8 Cree Lighting (Ideal Industries, Inc.)
- 8.8.1 Company Overview
- 8.8.2 SWOT Analysis
8.9 GE Lighting (Savant Technologies LLC)
- 8.9.1 Company Overview
8.10. ams-OSRAM AG
- 8.10.1 Company Overview
- 8.10.2 Financial Analysis
- 8.10.3 Segmental and Regional Analysis
- 8.10.4 Research & Development Expenses
- 8.10.5 SWOT Analysis

LIST OF TABLES

TABLE 1 North America LED Wristbands Market, 2020 - 2023, USD Thousands
TABLE 2 North America LED Wristbands Market, 2024 - 2031, USD Thousands
TABLE 3 North America LED Wristbands Market, 2020 - 2023, Thousand Units
TABLE 4 North America LED Wristbands Market, 2024 - 2031, Thousand Units
TABLE 5 North America LED Wristbands Market by Price, 2020 - 2023, USD Thousands
TABLE 6 North America LED Wristbands Market by Price, 2024 - 2031, USD Thousands
TABLE 7 North America LED Wristbands Market by Price, 2020 - 2023, Thousand Units
TABLE 8 North America LED Wristbands Market by Price, 2024 - 2031, Thousand Units
TABLE 9 North America Low Price Market by Region, 2020 - 2023, USD Thousands
TABLE 10 North America Low Price Market by Region, 2024 - 2031, USD Thousands
TABLE 11 North America Low Price Market by Region, 2020 - 2023, Thousand Units
TABLE 12 North America Low Price Market by Region, 2024 - 2031, Thousand Units
TABLE 13 North America High Price Market by Region, 2020 - 2023, USD Thousands
TABLE 14 North America High Price Market by Region, 2024 - 2031, USD Thousands
TABLE 15 North America High Price Market by Region, 2020 - 2023, Thousand Units
TABLE 16 North America High Price Market by Region, 2024 - 2031, Thousand Units
TABLE 17 North America LED Wristbands Market by Functionality, 2020 - 2023, USD Thousands
TABLE 18 North America LED Wristbands Market by Functionality, 2024 - 2031, USD Thousands
TABLE 19 North America LED Wristbands Market by Functionality, 2020 - 2023, Thousand Units
TABLE 20 North America LED Wristbands Market by Functionality, 2024 - 2031, Thousand Units
TABLE 21 North America With Smart Functionality Market by Country, 2020 - 2023, USD Thousands
TABLE 22 North America With Smart Functionality Market by Country, 2024 - 2031, USD Thousands
TABLE 23 North America With Smart Functionality Market by Country, 2020 - 2023, Thousand Units
TABLE 24 North America With Smart Functionality Market by Country, 2024 - 2031, Thousand Units
TABLE 25 North America Without Smart Functionality Market by Country, 2020 - 2023, USD Thousands
TABLE 26 North America Without Smart Functionality Market by Country, 2024 - 2031, USD Thousands
TABLE 27 North America Without Smart Functionality Market by Country, 2020 - 2023, Thousand Units
TABLE 28 North America Without Smart Functionality Market by Country, 2024 - 2031, Thousand Units
TABLE 29 North America LED Wristbands Market by Distribution Channel, 2020 - 2023, USD Thousands
TABLE 30 North America LED Wristbands Market by Distribution Channel, 2024 - 2031, USD Thousands
TABLE 31 North America LED Wristbands Market by Distribution Channel, 2020 - 2023, Thousand Units
TABLE 32 North America LED Wristbands Market by Distribution Channel, 2024 - 2031, Thousand Units
TABLE 33 North America Online Retailing Market by Country, 2020 - 2023, USD Thousands
TABLE 34 North America Online Retailing Market by Country, 2024 - 2031, USD Thousands
TABLE 35 North America Online Retailing Market by Country, 2020 - 2023, Thousand Units
TABLE 36 North America Online Retailing Market by Country, 2024 - 2031, Thousand Units
TABLE 37 North America Offline Retailing Market by Country, 2020 - 2023, USD Thousands
TABLE 38 North America Offline Retailing Market by Country, 2024 - 2031, USD Thousands
TABLE 39 North America Offline Retailing Market by Country, 2020 - 2023, Thousand Units
TABLE 40 North America Offline Retailing Market by Country, 2024 - 2031, Thousand Units
TABLE 41 North America LED Wristbands Market by Country, 2020 - 2023, USD Thousands
TABLE 42 North America LED Wristbands Market by Country, 2024 - 2031, USD Thousands
TABLE 43 North America LED Wristbands Market by Country, 2020 - 2023, Thousand Units
TABLE 44 North America LED Wristbands Market by Country, 2024 - 2031, Thousand Units
TABLE 45 US LED Wristbands Market, 2020 - 2023, USD Thousands
TABLE 46 US LED Wristbands Market, 2024 - 2031, USD Thousands
TABLE 47 US LED Wristbands Market, 2020 - 2023, Thousand Units
TABLE 48 US LED Wristbands Market, 2024 - 2031, Thousand Units
TABLE 49 US LED Wristbands Market by Price, 2020 - 2023, USD Thousands
TABLE 50 US LED Wristbands Market by Price, 2024 - 2031, USD Thousands
TABLE 51 US LED Wristbands Market by Price, 2020 - 2023, Thousand Units
TABLE 52 US LED Wristbands Market by Price, 2024 - 2031, Thousand Units
TABLE 53 US LED Wristbands Market by Functionality, 2020 - 2023, USD Thousands
TABLE 54 US LED Wristbands Market by Functionality, 2024 - 2031, USD Thousands
TABLE 55 US LED Wristbands Market by Functionality, 2020 - 2023, Thousand Units
TABLE 56 US LED Wristbands Market by Functionality, 2024 - 2031, Thousand Units
TABLE 57 US LED Wristbands Market by Distribution Channel, 2020 - 2023, USD Thousands
TABLE 58 US LED Wristbands Market by Distribution Channel, 2024 - 2031, USD Thousands
TABLE 59 US LED Wristbands Market by Distribution Channel, 2020 - 2023, Thousand Units
TABLE 60 US LED Wristbands Market by Distribution Channel, 2024 - 2031, Thousand Units
TABLE 61 Canada LED Wristbands Market, 2020 - 2023, USD Thousands
TABLE 62 Canada LED Wristbands Market, 2024 - 2031, USD Thousands
TABLE 63 Canada LED Wristbands Market, 2020 - 2023, Thousand Units
TABLE 64 Canada LED Wristbands Market, 2024 - 2031, Thousand Units
TABLE 65 Canada LED Wristbands Market by Price, 2020 - 2023, USD Thousands
TABLE 66 Canada LED Wristbands Market by Price, 2024 - 2031, USD Thousands
TABLE 67 Canada LED Wristbands Market by Price, 2020 - 2023, Thousand Units
TABLE 68 Canada LED Wristbands Market by Price, 2024 - 2031, Thousand Units
TABLE 69 Canada LED Wristbands Market by Functionality, 2020 - 2023, USD Thousands
TABLE 70 Canada LED Wristbands Market by Functionality, 2024 - 2031, USD Thousands
TABLE 71 Canada LED Wristbands Market by Functionality, 2020 - 2023, Thousand Units
TABLE 72 Canada LED Wristbands Market by Functionality, 2024 - 2031, Thousand Units
TABLE 73 Canada LED Wristbands Market by Distribution Channel, 2020 - 2023, USD Thousands
TABLE 74 Canada LED Wristbands Market by Distribution Channel, 2024 - 2031, USD Thousands
TABLE 75 Canada LED Wristbands Market by Distribution Channel, 2020 - 2023, Thousand Units
TABLE 76 Canada LED Wristbands Market by Distribution Channel, 2024 - 2031, Thousand Units
TABLE 77 Mexico LED Wristbands Market, 2020 - 2023, USD Thousands
TABLE 78 Mexico LED Wristbands Market, 2024 - 2031, USD Thousands
TABLE 79 Mexico LED Wristbands Market, 2020 - 2023, Thousand Units
TABLE 80 Mexico LED Wristbands Market, 2024 - 2031, Thousand Units
TABLE 81 Mexico LED Wristbands Market by Price, 2020 - 2023, USD Thousands
TABLE 82 Mexico LED Wristbands Market by Price, 2024 - 2031, USD Thousands
TABLE 83 Mexico LED Wristbands Market by Price, 2020 - 2023, Thousand Units
TABLE 84 Mexico LED Wristbands Market by Price, 2024 - 2031, Thousand Units
TABLE 85 Mexico LED Wristbands Market by Functionality, 2020 - 2023, USD Thousands
TABLE 86 Mexico LED Wristbands Market by Functionality, 2024 - 2031, USD Thousands
TABLE 87 Mexico LED Wristbands Market by Functionality, 2020 - 2023, Thousand Units
TABLE 88 Mexico LED Wristbands Market by Functionality, 2024 - 2031, Thousand Units
TABLE 89 Mexico LED Wristbands Market by Distribution Channel, 2020 - 2023, USD Thousands
TABLE 90 Mexico LED Wristbands Market by Distribution Channel, 2024 - 2031, USD Thousands
TABLE 91 Mexico LED Wristbands Market by Distribution Channel, 2020 - 2023, Thousand Units
TABLE 92 Mexico LED Wristbands Market by Distribution Channel, 2024 - 2031, Thousand Units
TABLE 93 Rest of North America LED Wristbands Market, 2020 - 2023, USD Thousands
TABLE 94 Rest of North America LED Wristbands Market, 2024 - 2031, USD Thousands
TABLE 95 Rest of North America LED Wristbands Market, 2020 - 2023, Thousand Units
TABLE 96 Rest of North America LED Wristbands Market, 2024 - 2031, Thousand Units
TABLE 97 Rest of North America LED Wristbands Market by Price, 2020 - 2023, USD Thousands
TABLE 98 Rest of North America LED Wristbands Market by Price, 2024 - 2031, USD Thousands
TABLE 99 Rest of North America LED Wristbands Market by Price, 2020 - 2023, Thousand Units
TABLE 100 Rest of North America LED Wristbands Market by Price, 2024 - 2031, Thousand Units
TABLE 101 Rest of North America LED Wristbands Market by Functionality, 2020 - 2023, USD Thousands
TABLE 102 Rest of North America LED Wristbands Market by Functionality, 2024 - 2031, USD Thousands
TABLE 103 Rest of North America LED Wristbands Market by Functionality, 2020 - 2023, Thousand Units
TABLE 104 Rest of North America LED Wristbands Market by Functionality, 2024 - 2031, Thousand Units
TABLE 105 Rest of North America LED Wristbands Market by Distribution Channel, 2020 - 2023, USD Thousands
TABLE 106 Rest of North America LED Wristbands Market by Distribution Channel, 2024 - 2031, USD Thousands
TABLE 107 Rest of North America LED Wristbands Market by Distribution Channel, 2020 - 2023, Thousand Units
TABLE 108 Rest of North America LED Wristbands Market by Distribution Channel, 2024 - 2031, Thousand Units
TABLE 109 Key Information - LG Electronics, Inc.
TABLE 110 Key Information - Sony Corporation
TABLE 111 Key Information - Panasonic Holdings Corporation
TABLE 112 Key Information - Sharp Corporation
TABLE 113 Key Information - Samsung Electronics Co., Ltd.
TABLE 114 Key Information - Hitachi, Ltd.
TABLE 115 Key Information - Koninklijke Philips N.V.
TABLE 116 Key Information -Cree Lighting
TABLE 117 Key Information - GE Lighting
TABLE 118 Key Information - ams-OSRAM AG

North America LED Wristbands Market Size, Share & Trends Analysis Report By Price, By Functionality, By Distribution Channel, By Country and Growth Forecast, 2024 - 2031