Market Overview:
The global solid state lighting market is expected to grow at a CAGR of 10.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy-efficient lighting solutions and the growing awareness about the benefits of LED lights over traditional light sources. The LED segment is expected to dominate the global solid state lighting market during the forecast period, owing to its high efficiency and long life span as compared to other types of solid state lights such as OLEDs and PLEDs. The commercial application segment is expected to account for a major share of the global solid state lighting market during the forecast period, followed by industrial, residential, healthcare, automotive, gaming and entertainment, and others segments.
Product Definition:
Solid State Lighting is a type of light that uses semiconductors to produce light. It is important because it is more efficient than traditional lighting and can be used in a variety of applications.
LED:
LED stands for Light Emitting Diode. It is a semiconductor that emits light when current is passed through it. The most commonly used type of LED is the thin, flat, and small light strip known as a LED module or a chip. They are widely used in indicators and signs; they can also be embedded in various devices like mobile phones or computers to make them function as an indicator or display the information accordingly.
OLED:
OLED stands for Organic Light Emitting Diode and is a type of semiconductor that emits light when activated. OLEDs are thin, flexible, and lightweight; therefore they are used in many applications where small size & weight is important factor. OLEDs have several advantages over conventional lighting technologies such as incandescent lamps or LEDS (light-emitting diode).
Application Insights:
The others application segment includes architectural, decorative and specialty lighting. The demand for the product in this application is expected to witness a CAGR of XX% from 2018 to 2030 owing to its wide range of applications including advertising, signage, festivals and carnivals, stage effects and displays. In addition there are various other applications such as museums where solid state lighting can be used for enhancing the aesthetic value of exhibits by improving their display quality.
Commercial buildings were the largest consumers of traditional light sources such as fluorescent or incandescent lamps that consumed a large amount of energy due to their high consumption rate per unit area.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing investments in infrastructure development and rapid industrialization, especially in China and India. Furthermore, rising demand for energy-efficient lighting solutions will drive the industry growth further.
The Asia Pacific region accounted for a revenue share of more than 30% in 2017 owing to high product penetration across various application industries such as automotive, retail, commercial spaces (restaurants/bars/clubs), industrial facilities (factories/shops) and residential applications. Increasing adoption of solid state lighting technology across these end-user industries will fuel market growth over the next eight years.
Europe was estimated to account for a significant share of global revenue in 2017 owing to growing adoption across several sectors including automotive & transportation, retail & ecommerce sectors along with other applications such as entertainment venues.
Growth Factors:
- Increasing demand for energy-efficient lighting solutions
- Rising awareness about the benefits of LED lighting
- Technological advancements in LED technology
- Growing demand from emerging markets
- Favorable government policies and initiatives
Scope Of The Report
Report Attributes
Report Details
Report Title
Solid State Lighting Market Research Report
By Type
LED, OLED, PLED
By Application
Commercial, Industrial, Residential, Healthcare, Automotive, Gaming and Entertainment, Others
By Companies
OSRAM, Philips Lighting Holding, NICHIA, Semiconductor, General Electric, Intematix, BRIGHT LIGHT SYSTEMS, AIXTRON, Applied Materials, Bridgelux, OSRAM
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
178
Number of Tables & Figures
125
Customization Available
Yes, the report can be customized as per your need.
Global Solid State Lighting Market Report Segments:
The global Solid State Lighting market is segmented on the basis of:
Types
LED, OLED, PLED
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial, Industrial, Residential, Healthcare, Automotive, Gaming and Entertainment, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- OSRAM
- Philips Lighting Holding
- NICHIA
- Semiconductor
- General Electric
- Intematix
- BRIGHT LIGHT SYSTEMS
- AIXTRON
- Applied Materials
- Bridgelux
- OSRAM
Highlights of The Solid State Lighting Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- LED
- OLED
- PLED
- By Application:
- Commercial
- Industrial
- Residential
- Healthcare
- Automotive
- Gaming and Entertainment
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Solid State Lighting Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Solid state lighting is a type of lighting that uses solid-state devices to produce light. These devices are more efficient and last longer than traditional light bulbs, which makes them a popular choice for homes and businesses.
Some of the major players in the solid state lighting market are OSRAM, Philips Lighting Holding, NICHIA, Semiconductor, General Electric, Intematix, BRIGHT LIGHT SYSTEMS, AIXTRON, Applied Materials, Bridgelux, OSRAM.
The solid state lighting market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Solid State Lighting Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Solid State Lighting Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Solid State Lighting Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Solid State Lighting Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Solid State Lighting Market Size & Forecast, 2020-2028
4.5.1 Solid State Lighting Market Size and Y-o-Y Growth
4.5.2 Solid State Lighting Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 LED
5.2.2 OLED
5.2.3 PLED
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Industrial
6.2.3 Residential
6.2.4 Healthcare
6.2.5 Automotive
6.2.6 Gaming and Entertainment
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Solid State Lighting Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Solid State Lighting Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 LED
9.6.2 OLED
9.6.3 PLED
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Industrial
9.10.3 Residential
9.10.4 Healthcare
9.10.5 Automotive
9.10.6 Gaming and Entertainment
9.10.7 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 LED
10.6.2 OLED
10.6.3 PLED
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Industrial
10.10.3 Residential
10.10.4 Healthcare
10.10.5 Automotive
10.10.6 Gaming and Entertainment
10.10.7 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 LED
11.6.2 OLED
11.6.3 PLED
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Industrial
11.10.3 Residential
11.10.4 Healthcare
11.10.5 Automotive
11.10.6 Gaming and Entertainment
11.10.7 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 LED
12.6.2 OLED
12.6.3 PLED
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Industrial
12.10.3 Residential
12.10.4 Healthcare
12.10.5 Automotive
12.10.6 Gaming and Entertainment
12.10.7 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 LED
13.6.2 OLED
13.6.3 PLED
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Industrial
13.10.3 Residential
13.10.4 Healthcare
13.10.5 Automotive
13.10.6 Gaming and Entertainment
13.10.7 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Solid State Lighting Market: Competitive Dashboard
14.2 Global Solid State Lighting Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 OSRAM
14.3.2 Philips Lighting Holding
14.3.3 NICHIA
14.3.4 Semiconductor
14.3.5 General Electric
14.3.6 Intematix
14.3.7 BRIGHT LIGHT SYSTEMS
14.3.8 AIXTRON
14.3.9 Applied Materials
14.3.10 Bridgelux
14.3.11 OSRAM
