Constant technological developments are quintessential for the sustainability of any technology. This holds true for the lighting technology as well. As a result, the emergency lights manufacturing companies are making huge investments in research and development (R&D) activities to increase the lifespan and performance of their offerings. The incorporation of light-emitting diodes (LEDs) in red and green exit signs is one of the prominent technological advancements made in emergency lighting systems in recent years. These lights are more affordable and offer more energy efficiency than the traditional lighting sources. The declining prices of LEDs, owing to the continuous technological developments, will therefore help the emergency lighting market advance at a CAGR of 6.4% during 2021–2030. The market revenue stood at $5,386.0 million in 2020 and it is projected to reach $9,993.4 million by 2030. LED emergency lights are being increasingly used in residential, commercial, and in...