The global solid state lighting system market is expected to grow at a CAGR of 12.5% during the forecast period, from 2021 to 2030. The growth of this market can be attributed to the increasing demand for energy-efficient lighting systems and the growing adoption of LED technology in various applications such as general lighting, automotive lighting, and outdoor lighting. LEDs are expected to dominate the global solid state lighting system market during the forecast period owing to their high efficiency and low cost. LEDs are also used in various applications such as general illumination, automotive headlights, traffic lights, streetlights, and outdoor area lights. OLEDs are also gaining traction due to their high luminous efficacy and low power consumption which makes them suitable for use in small devices such as smartphones or tablets.
Some Of The Growth Factors Of This Market:
- The increasing demand for energy-efficient lighting systems is one of the major factors driving the growth of the global Solid State Lighting Systems market.
- The increasing adoption of LED technology in various industries such as automotive, healthcare, and retail is also driving the growth of this market.
- Increasing awareness about energy efficiency and environmental sustainability among consumers are also contributing to the growth of this market.
- Stringent government regulations on power consumption are expected to drive this market.
Industry Growth Insights published a new data on “Solid State Lighting System Market”. The research report is titled “Solid State Lighting System Market research by Types (LEDs, OLEDs, Others), By Applications (General Lighting, Automotive Lighting, Others), By Players/Companies GE Lighting, Philips, Osram Licht, Seoul Semiconductor, Cree, Inc., Intematix Corporation, Aixtron, Nichia Corporation, Bridgelux Inc, Acuity Brands, Energy Focus Inc., LED Engin, Inc., Toyoda Gosei Co., Ltd., TCP International”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Solid State Lighting System Market Research Report
By Type
LEDs, OLEDs, Others
By Application
General Lighting, Automotive Lighting, Others
By Companies
GE Lighting, Philips, Osram Licht, Seoul Semiconductor, Cree, Inc., Intematix Corporation, Aixtron, Nichia Corporation, Bridgelux Inc, Acuity Brands, Energy Focus Inc., LED Engin, Inc., Toyoda Gosei Co., Ltd., TCP International
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
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Solid State Lighting System Market Report Segments:
The global Solid State Lighting System market is segmented on the basis of:
Types
LEDs, OLEDs, Others
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
General Lighting, Automotive Lighting, 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:
- GE Lighting
- Philips
- Osram Licht
- Seoul Semiconductor
- Cree, Inc.
- Intematix Corporation
- Aixtron
- Nichia Corporation
- Bridgelux Inc
- Acuity Brands
- Energy Focus Inc.
- LED Engin, Inc.
- Toyoda Gosei Co., Ltd.
- TCP International
Highlights of The Solid State Lighting System 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:
- LEDs
- OLEDs
- Others
- By Application:
- General Lighting
- Automotive Lighting
- 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 System 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.
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- Correctly Positioning New Products
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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?
A solid state lighting system is a type of lighting that uses LEDs or other solid-state light sources. These systems are often more energy-efficient and durable than traditional incandescent or fluorescent lamps, and they can be used in a variety of applications, including indoor and outdoor lighting.
Some of the major companies in the solid state lighting system market are GE Lighting, Philips, Osram Licht, Seoul Semiconductor, Cree, Inc., Intematix Corporation, Aixtron, Nichia Corporation, Bridgelux Inc, Acuity Brands, Energy Focus Inc., LED Engin, Inc., Toyoda Gosei Co., Ltd., TCP International.
The solid state lighting system market is expected to register a CAGR of 12.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Solid State Lighting System Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Solid State Lighting System Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Solid State Lighting System Market - Supply Chain
4.5. Global Solid State Lighting System Market Forecast
4.5.1. Solid State Lighting System Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Solid State Lighting System Market Size (000 Units) and Y-o-Y Growth
4.5.3. Solid State Lighting System Market Absolute $ Opportunity
5. Global Solid State Lighting System Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Solid State Lighting System Market Size and Volume Forecast by Type
5.3.1. LEDs
5.3.2. OLEDs
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Solid State Lighting System Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Solid State Lighting System Market Size and Volume Forecast by Application
6.3.1. General Lighting
6.3.2. Automotive Lighting
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Solid State Lighting System Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Solid State Lighting System Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Solid State Lighting System Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Solid State Lighting System Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Solid State Lighting System Demand Share Forecast, 2019-2026
9. North America Solid State Lighting System Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Solid State Lighting System Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Solid State Lighting System Market Size and Volume Forecast by Application
9.4.1. General Lighting
9.4.2. Automotive Lighting
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Solid State Lighting System Market Size and Volume Forecast by Type
9.7.1. LEDs
9.7.2. OLEDs
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Solid State Lighting System Demand Share Forecast, 2019-2026
10. Latin America Solid State Lighting System Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Solid State Lighting System Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Solid State Lighting System Market Size and Volume Forecast by Application
10.4.1. General Lighting
10.4.2. Automotive Lighting
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Solid State Lighting System Market Size and Volume Forecast by Type
10.7.1. LEDs
10.7.2. OLEDs
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Solid State Lighting System Demand Share Forecast, 2019-2026
11. Europe Solid State Lighting System Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Solid State Lighting System Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Solid State Lighting System Market Size and Volume Forecast by Application
11.4.1. General Lighting
11.4.2. Automotive Lighting
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Solid State Lighting System Market Size and Volume Forecast by Type
11.7.1. LEDs
11.7.2. OLEDs
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Yo-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Solid State Lighting System Demand Share, 2019-2026
12. Asia Pacific Solid State Lighting System Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Solid State Lighting System Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Solid State Lighting System Market Size and Volume Forecast by Application
12.4.1. General Lighting
12.4.2. Automotive Lighting
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Solid State Lighting System Market Size and Volume Forecast by Type
12.7.1. LEDs
12.7.2. OLEDs
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Solid State Lighting System Demand Share, 2019-2026
13. Middle East & Africa Solid State Lighting System Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Solid State Lighting System Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Solid State Lighting System Market Size and Volume Forecast by Application
13.4.1. General Lighting
13.4.2. Automotive Lighting
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Solid State Lighting System Market Size and Volume Forecast by Type
13.7.1. LEDs
13.7.2. OLEDs
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Solid State Lighting System Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Solid State Lighting System Market: Market Share Analysis
14.2. Solid State Lighting System Distributors and Customers
14.3. Solid State Lighting System Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. GE Lighting
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Philips
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Osram Licht
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Seoul Semiconductor
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Cree, Inc.
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Intematix Corporation
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Aixtron
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Nichia Corporation
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Bridgelux Inc
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Acuity Brands
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Energy Focus Inc.
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. LED Engin, Inc.
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Toyoda Gosei Co., Ltd.
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. TCP International
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook