The global lighted blanket market is poised for significant growth, with projections indicating a value of US$ 2.5 billion by 2030. This expansion is anticipated to occur at a robust Compound Annual Growth Rate (CAGR) of 10.2% from 2023 to 2030, as per industry analysis.

Several key factors contribute to the anticipated surge in the lighted blanket market. Chief among them is the rising demand for comfort and relaxation products, as consumers increasingly prioritize wellness and self-care. Lighted blankets, equipped with lighting, offer a unique combination of warmth and therapeutic illumination, catering to the growing desire for enhanced relaxation experiences.

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The surge in disposable incomes across various regions is another significant driver for the market's growth. As consumers have more discretionary income, they are more inclined to invest in products that contribute to their overall well-being and comfort. The lighted blanket segment aligns perfectly with this trend, offering a blend of luxury, functionality, and health benefits.

Moreover, the growing awareness of the positive effects of lighting on health is playing a pivotal role in boosting the market. lights incorporated into these blankets are known to have mood-enhancing properties, promoting relaxation and better sleep. With an increasing focus on holistic health, consumers are seeking innovative solutions that seamlessly integrate into their lifestyles, further propelling the demand for lighted blankets.

Here are some of the key trends that are expected to shape the future of the lighted blanket market:

• The increasing popularity of smart home technology will lead to the development of intelligent lighted blankets that can be controlled with voice commands or smartphone apps.
• The growing demand for sustainable products will lead to the development of lighted blankets made from recycled or renewable materials.
• The increasing adoption of lights will drive down the cost of lighted blankets, making them more affordable to consumers.

Key Takeaways:

• The global lighted blanket market is expected to grow at a CAGR of 10.2% from 2023 to 2030, reaching a value of US$ 2.5 billion by 2030.
• The Asia Pacific region is expected to be the fastest-growing market, with a CAGR of 12.5% from 2023 to 2030.
• The increasing demand for comfortable and cozy home furnishings is driving the growth of the lighted blanket market.
• The rising popularity of lights is also contributing to the growth of the market, as lights are more energy-efficient and long-lasting than traditional incandescent lights.

Regional Outlook:

• The Asia Pacific region is the largest market for lighted blankets, accounting for 40% of the global market in 2022.
• North America is the second-largest market, accounting for 30% of the global market in 2022.
• Europe is the third-largest market, accounting for 20% of the global market in 2022.
• The Rest of the World is expected to be the fastest-growing region, with a CAGR of 15.0% from 2023 to 2030.

Key Players:

• Glowing Blanket
• IllumiCozy Blankets
• Lighted Dreams
• Luxe Glow Blankets
• Warm Hugs

Key Segmentation:
By type, the market is segmented into:

•  lighted blankets
• Fiber optic lighted blankets

By application, the market is segmented into:

• Residential
• Commercial

By region, the market is segmented into:

• Asia Pacific
• North America
• Europe
• Rest of the World