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Solid State Lighting Market By Technology (Solid-State Lighting LEDs, OLEDs, Fluorescent Lighting-LFL, CFL, CCFL), By Application(General Lighting, Automotive Lighting, Medical Lighting) Global size Analysis and Industry Forecast, 2019-2025.

  • Category:Semiconductor and Electronics
  • Published on:06 February, 2019
  • Pages:120
  • Formats:    
  • Report Code: HMI - 847469
  • Publisher:Genesis Market Insights

Overview

Global Solid State Lighting Market was valued at USD 126.76 Billion in the year 2019. Solid State Lighting Market is further estimated to grow at a CAGR of 5.96% from 2019 to 2025 to reach USD 29.67 Billion by the year 2025. Asia Pacific region holds the highest market share in 2019 with European region is considered as the fastest growing market in the forecasted period. At a country level, South Korea is the biggest market in 2019 and it is projected to grow at a gradual pace in the coming years.Samsung Electronics, General Electric, and Panasonic are some of the key manufacturers in the Solid State Lighting market with Samsung Electronics holding the substantial market share because of its better global presence both at production and at an operational level. Rising research and development expenses to cater changing demand of end users, similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.

Drivers:

Government grants

Restraints:

High Production cost

Opportunities:

Innovation in the automotive sector

Challenges:

Balancing demand and supply of each segment

The commercial segment is expected to hold the highest market share during the forecast period. With the increasing number of smartphone user, there is a demand for advanced technology in the display market. The Governments of different countries are helping the local manufacturers by providing them resources. Thus, Solid State lighting market has a strong potential across the major countries.

On the other hand, the automotive sector is expected to grow at the highest CAGR during the year 2019-2025. Solid state lightings are being used in the lights of some top automotive manufacturers. It is predicted that OLEDs will be used in the interiors of the cars in the coming years.

Key Benefits for Stakeholders

Solid State Lighting Manufacturers, Distributors and Retailers

Research and Consulting organization

Technology Standards Organizations, Forums, Alliances and Associations

End-use industries

Regulatory bodies, policy actors, and consumers.

By Sector

Commercial Sector

Residential Sector

Industrial Sector

Others

By Technology

Solid-State Lighting

LEDs

OLEDs

Fluorescent Lighting

LFL

CFL

CCFL

By Application

General Lighting

Automotive Lighting

Medical Lighting

Others

By Region

North America

Europe

Asia-Pacific

LAMEA

Key Market Players

General Electric Company

OSRAM Light AG

Panasonic Corporation

Mitsubishi Electric Corporation

Koninklijke Philips N.V.

Eaton Corporation PLC

Samsung Electronics Co. Ltd.

(A brief overview of another 13 companies is also provided)

Research Methodology:

Genesis Market Insights follows in-depth Research Methodology focused on reducing deviation in the collected data. GMI offers the most precise evaluations and projection for the market numbers. GMI engages following Market Engineering techniques ?

Raw Market Data is collected and compared with the Existing in-house Data on a broad front.
Both Bottom-Up and Top-Down approaches are analyzed for segmenting and estimating measurable aspects of the market.
To avoid bias, we filter the collected data collected from authenticated sources.
GMI has a well proven Statistical Modeling System for estimates and forecasts.
Further, the report findings are validated with the Industry Expert Panel on face to face or telephonic interviews.
Panelists are approached from Leading Enterprises across the value chain including manufacturers, suppliers, technology providers, domain experts and buyers so as to validate a thorough and balanced market overview.
Detailed customization is also available for you. Further, if the report listed above does not meet your key requirements. Our customized research report will analytically cover the required market information you need which will help you to plan your business decisions.


  • Analysis and forecasts at the global, regional and national levels of the research market; Provide insight into the major countries / regions this industry is blooming and identify regions that have not yet been developed

  • Segment-level analysis by shielding type, thermal application, and application, along with market size predictions and estimates, detail key areas of industrial growth.

  • Identify key market drivers, constraints, opportunities and challenges (DROCs) and their impact on changing market dynamics

  • Study of the effects of exogenous and endogenous factors affecting the global market; Among the macro-environmental factors shown in the extensive PESTLE analysis include demographics, economics and politics.

  • We use Porter's five force analysis to analyze competitive levels and business strategy development to study microenvironmental factors that determine the overall profitability of an industry.

  • A list of key market participants with a portfolio of products to study and maintain the market environment, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview

  • Competitive topographic analysis listing mergers, acquisitions, and collaborations in the field, along with major company new product launches, comparative financial research, and recent developments in the market

  • Summary omitting entire reports to help decision makers quickly become familiar with background information, concise analysis, and key conclusions

  • Professionally devise analyst overviews with investment opportunities to provide a strong financial foundation in the market for both individuals and organizations

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