Market Overview:
The global SSL devices market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient lighting solutions, rising awareness about the benefits of SSL devices, and growing demand for LED lighting in commercial and industrial sectors. The global SSL devices market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into white type, fluorescent light type, and other types. The white type segment accounted for a major share of the global SSL devices market in 2017 owing to its high efficiency and low cost as compared to other types of SSL devices. On the basis of application,the market is divided into residential sector, commercial sector,,and industrial sector.
Product Definition:
SSL devices are used to create a secure connection between two machines. This is often used for e-commerce transactions, as it ensures that the data passed between the two machines cannot be intercepted by a third party. SSL devices can also be used to encrypt communications in order to protect them from being read by unauthorized parties.
White Type:
White-type is a feature that allows the encryption of sensitive information such as payment card data, customer name, and address by using an alphanumeric string. It also helps to secure any kind of unsecured or vulnerable applications in devices such as mobile phones and tablets. The white-type feature is widely used in smart cards for consumer identification purposes along with commercial products like banking cards and ID recognition cards owing to its high security level.
Fluorescent Light Type:
Fluorescent light type is a general term used for lights that produce light by the excitation of phosphor compounds. Fluorescent lamps are available in two forms: cold-cathode and hot-cathode fluorescent lamps. Cold cathode fluorescent lamp (CCFL) has a metal reflector at the back of the tube, which reflects some of the incoming light to enable more illumination with less energy usage.
Application Insights:
The commercial sector accounted for the largest revenue share of over 60% in 2017. The growth can be attributed to the increasing adoption of cloud services, which require a high-speed network. Furthermore, an increase in the number of e-commerce transactions has led to an increased need for secure and fast web-based transaction processing. The residential sector is expected to witness significant growth over the forecast period owing to growing demand from end users for high speed and enhanced online experience coupled with a growing number of cyberattacks targeting this segment.
Industrial sectors such as manufacturing, oil & gas and utilities are increasingly deploying SSL devices due to stringent security requirements imposed by these industries on their data networks and systems connected thereto. For instance, according to Industrial Internet Consortium (IIC), around 50% or more industrial internet applications will use SSL by 2020 which can be attributed towards lucrative market growth over the forecast period (2017 To 2030).
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of key players and high adoption rate for new technologies. The region is expected to maintain its dominance over the forecast period, with U.S.
Asia Pacific is projected to be one of fastest-growing regional markets during the forecast years on account of increasing penetration rates for digital services in emerging economies such as India.
Growth Factors:
- Increasing demand for secure online communication and transactions
- Rapid growth of e-commerce and m-commerce
- Proliferation of connected devices and the Internet of Things (IoT)
- Government initiatives to promote SSL adoption across public sector organizations
- Rising awareness about data security among consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
SSL Devices Market Research Report
By Type
White Type, Fluorescent Light Type, Other
By Application
Residential Sector, Commercial Sector, Industrial Sector
By Companies
Osram, Philips, GE Electric, Acuity Brands Lighting, Cree, Sharp Corporation, Panasonic, Schneider Electric, Stanley Electric, Sanken Electric, Sumitomo, Universal Display, Siemens, Showa Denko, Brother Industries, Seoul Semiconductor, Toshiba
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global SSL Devices Market Report Segments:
The global SSL Devices market is segmented on the basis of:
Types
White Type, Fluorescent Light Type, Other
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
Residential Sector, Commercial Sector, Industrial Sector
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
- GE Electric
- Acuity Brands Lighting
- Cree
- Sharp Corporation
- Panasonic
- Schneider Electric
- Stanley Electric
- Sanken Electric
- Sumitomo
- Universal Display
- Siemens
- Showa Denko
- Brother Industries
- Seoul Semiconductor
- Toshiba
Highlights of The SSL Devices 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:
- White Type
- Fluorescent Light Type
- Other
- By Application:
- Residential Sector
- Commercial Sector
- Industrial Sector
- 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 SSL Devices 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?
SSL devices are a type of security device that encrypts data sent between two devices. This helps to protect the data from being accessed by unauthorized individuals.
Some of the major companies in the ssl devices market are Osram, Philips, GE Electric, Acuity Brands Lighting, Cree, Sharp Corporation, Panasonic, Schneider Electric, Stanley Electric, Sanken Electric, Sumitomo, Universal Display, Siemens, Showa Denko, Brother Industries, Seoul Semiconductor, Toshiba.
The ssl devices market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. SSL Devices 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. SSL Devices Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. SSL Devices Market - Supply Chain
4.5. Global SSL Devices Market Forecast
4.5.1. SSL Devices Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. SSL Devices Market Size (000 Units) and Y-o-Y Growth
4.5.3. SSL Devices Market Absolute $ Opportunity
5. Global SSL Devices 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. SSL Devices Market Size and Volume Forecast by Type
5.3.1. White Type
5.3.2. Fluorescent Light Type
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global SSL Devices 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. SSL Devices Market Size and Volume Forecast by Application
6.3.1. Residential Sector
6.3.2. Commercial Sector
6.3.3. Industrial Sector
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global SSL Devices 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. SSL Devices 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 SSL Devices 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. SSL Devices 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 SSL Devices Demand Share Forecast, 2019-2026
9. North America SSL Devices 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 SSL Devices 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 SSL Devices Market Size and Volume Forecast by Application
9.4.1. Residential Sector
9.4.2. Commercial Sector
9.4.3. Industrial Sector
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America SSL Devices Market Size and Volume Forecast by Type
9.7.1. White Type
9.7.2. Fluorescent Light Type
9.7.3. Other
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 SSL Devices Demand Share Forecast, 2019-2026
10. Latin America SSL Devices 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 SSL Devices 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 SSL Devices Market Size and Volume Forecast by Application
10.4.1. Residential Sector
10.4.2. Commercial Sector
10.4.3. Industrial Sector
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America SSL Devices Market Size and Volume Forecast by Type
10.7.1. White Type
10.7.2. Fluorescent Light Type
10.7.3. Other
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 SSL Devices Demand Share Forecast, 2019-2026
11. Europe SSL Devices 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 SSL Devices 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 SSL Devices Market Size and Volume Forecast by Application
11.4.1. Residential Sector
11.4.2. Commercial Sector
11.4.3. Industrial Sector
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe SSL Devices Market Size and Volume Forecast by Type
11.7.1. White Type
11.7.2. Fluorescent Light Type
11.7.3. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analsis
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 SSL Devices Demand Share, 2019-2026
12. Asia Pacific SSL Devices 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 SSL Devices 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 SSL Devices Market Size and Volume Forecast by Application
12.4.1. Residential Sector
12.4.2. Commercial Sector
12.4.3. Industrial Sector
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific SSL Devices Market Size and Volume Forecast by Type
12.7.1. White Type
12.7.2. Fluorescent Light Type
12.7.3. Other
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 SSL Devices Demand Share, 2019-2026
13. Middle East & Africa SSL Devices 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 SSL Devices 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 SSL Devices Market Size and Volume Forecast by Application
13.4.1. Residential Sector
13.4.2. Commercial Sector
13.4.3. Industrial Sector
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa SSL Devices Market Size and Volume Forecast by Type
13.7.1. White Type
13.7.2. Fluorescent Light Type
13.7.3. Other
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 SSL Devices Demand Share, 2019-2026
14. Competition Landscape
14.1. Global SSL Devices Market: Market Share Analysis
14.2. SSL Devices Distributors and Customers
14.3. SSL Devices Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Osram
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. GE Electric
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Acuity Brands Lighting
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
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Sharp 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. Panasonic
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Schneider Electric
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Stanley Electric
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Sanken Electric
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Sumitomo
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Universal Display
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Siemens
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Showa Denko
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Brother Industries
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Seoul Semiconductor
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Toshiba
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
