Solid State Lighting System Application Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented by Technology (Light Emitting Diodes (LEDs), Organic Light Emitting Diodes (OLEDs), Polymer Light Emitting Diodes (PLEDs)), By Product Type (LED Lamps, LED Fixtures, OLED Luminaires, PLED Displays) By Application (General Lighting, Automotive Lighting, Display and Signage, Backlighting, Horticultural Lighting, Architectural Lighting, Healthcare Lighting, Street and Area Lighting, Emergency Lighting, UV Lighting, Others), By Region, By Competition Forecast, 2018-2028

  • Industry : ICT
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  • Published Date : NA
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Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 24.57 billion

CAGR (2023-2028)

6.58%

Fastest Growing Segment

LED Fixtures

Largest Market

Asia Pacific





Market Overview

Global Solid State Lighting System Application market has experienced tremendous growth in recent years and is poised to maintain strong momentum through 2028. The market was valued at USD 24.57 billion in 2022 and is projected to register a compound annual growth rate of 6.58% during the forecast period.  The Global Solid State Lighting System Application market has experienced an unprecedented surge in recent years, primarily driven by the widespread adoption of digital transformation initiatives across a multitude of industries on a global scale. Key sectors such as manufacturing, backlighting, transportation, and logistics have increasingly come to acknowledge the indispensable role of dependable and secure Solid State Lighting System Application solutions in bolstering their core operational processes. This remarkable growth trajectory has been further propelled by a continuous stream of groundbreaking innovations originating from leading semiconductor companies. These industry frontrunners have unveiled cutting-edge Solid State Lighting System Applications (ICs) endowed with amplified processing capabilities, advanced display technologies, and more resilient connectivity options. Notably, industries such as automotive and industrial IoT have come to rely heavily on the capacity to seamlessly transmit real-time visual data through integrated displays, an essential element in their operations. As industrial networks progressively harness transformative technologies such as the Internet of Things (IoT), artificial intelligence (AI), and advanced analytics, display ICs have evolved into indispensable drivers of intelligent interfaces. This evolutionary leap empowers organizations to extract invaluable insights from data, thereby enhancing their decision-making processes, streamlining operations, and ultimately boosting overall productivity. Furthermore, emerging technologies hold the promise of providing robust support for advanced Product Types characterized by significantly higher resolutions, which augments the market's potential even further. Given the paramount importance of modernizing mission-critical systems, industry analysts maintain an enduringly optimistic outlook regarding the long-term prospects of the display IC market. As these capabilities continue to evolve and adapt to meet the ever-evolving demands of various industries, display ICs are indisputably poised to retain their central role in driving digital transformation initiatives across a wide spectrum of sectors. The market's inherent potential to cater to an extensive array of applications through integrated intelligent displays remains expansive and boundless. In summation, the Global Solid State Lighting System Application market's extraordinary growth can be attributed to the surge in digital transformation endeavors and a relentless wave of innovation in display IC technology. This upward trajectory is expected to persist, bolstered by the pivotal role played by display ICs in facilitating intelligent interfaces and data-driven decision-making processes across diverse industries. As technological advancements continue to unfold, the market's capacity to cater to a diverse range of applications through integrated intelligent displays remains expansive, offering a world of possibilities.

Key Market Drivers

Energy Efficiency and Sustainability

In recent years, energy efficiency and sustainability have become paramount concerns for businesses and governments alike. This global shift towards environmental responsibility has significantly driven the growth of the Solid State Lighting System Application market. Solid-state lighting, primarily in the form of Light Emitting Diodes (LEDs), has emerged as a game-changer in the lighting industry. LED lighting systems are substantially more energy-efficient than traditional incandescent and fluorescent lighting. They consume significantly less electricity while providing equivalent or superior illumination, resulting in reduced energy costs and lower carbon emissions.

Furthermore, LED lighting systems have a substantially longer lifespan, reducing the frequency of replacements and associated maintenance costs. As sustainability goals and regulations become more stringent worldwide, organizations are increasingly adopting LED-based solid-state lighting solutions to meet these requirements and reduce their environmental footprint. Consequently, the market is experiencing exponential growth as industries, commercial entities, and governments transition towards greener and more energy-efficient lighting solutions.

Technological Advancements and Smart Lighting Integration

The Global Solid State Lighting System Application market is witnessing a rapid influx of technological advancements that are reshaping the lighting landscape. One of the key drivers of this market is the integration of smart lighting technologies. The advent of the Internet of Things (IoT) has revolutionized lighting systems by enabling them to be interconnected and remotely controlled. This integration allows for adaptive lighting solutions that respond to environmental conditions, occupancy, and user preferences, enhancing energy efficiency and user comfort.

Additionally, advancements in sensors, connectivity, and data analytics have made it possible to create intelligent lighting systems that optimize energy consumption and provide valuable data for facility management. These technologies are particularly appealing to commercial and industrial sectors seeking to enhance operational efficiency and reduce overheads.

Furthermore, continuous innovation in materials and design has led to the development of more compact, flexible, and aesthetically pleasing lighting solutions. As consumers and businesses alike demand smarter, more efficient, and versatile lighting solutions, the Solid State Lighting System Application market is poised for sustained growth through technological advancements and smart lighting integration.

Government Initiatives and Regulations

Government initiatives and regulations aimed at reducing energy consumption and greenhouse gas emissions have had a significant impact on the Solid-State Lighting System Application market. Many governments around the world have introduced policies and incentives to promote the adoption of energy-efficient lighting technologies. These initiatives include subsidies, tax incentives, and energy efficiency labeling programs that encourage businesses and consumers to switch to LED-based lighting systems.

Moreover, stringent regulations phasing out traditional incandescent and fluorescent lighting in favor of more energy-efficient alternatives have accelerated the adoption of solid-state lighting solutions. These regulations not only drive the replacement of existing lighting infrastructure but also stimulate research and development in LED technology, leading to further improvements in efficiency and affordability.

As governments continue to prioritize energy conservation and environmental sustainability, the Solid-State Lighting System Application market is expected to benefit from a conducive regulatory environment and a growing number of users and businesses seeking to comply with these regulations while realizing energy and cost savings. This driver, coupled with others, will likely propel the market's growth in the coming years.


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Key Market Challenges

Initial Cost Barriers and Return on Investment (ROI)

One of the primary challenges faced by the Global Solid State Lighting System Application market is the initial cost barrier associated with transitioning from conventional lighting technologies to solid-state lighting, particularly Light Emitting Diodes (LEDs). While LED lighting systems are known for their energy efficiency and long lifespan, they typically have higher upfront purchase costs compared to traditional incandescent or fluorescent bulbs. This initial capital outlay can deter some businesses and consumers from making the switch.

The challenge for the industry is to effectively communicate the long-term financial benefits of LED lighting to potential buyers. Although the initial investment may be higher, LEDs offer significant energy savings, reduced maintenance costs, and a longer operational lifespan. However, realizing these benefits requires a shift in perspective from short-term cost to long-term return on investment (ROI).

Additionally, financial incentives and government rebate programs can help mitigate the initial cost hurdle. Governments and utilities in various regions have implemented programs to encourage the adoption of energy-efficient lighting solutions by offering financial incentives or subsidies. Industry players must navigate these incentive programs and collaborate with government agencies to promote the economic advantages of solid-state lighting.

Furthermore, innovative financing models, such as lighting-as-a-service and leasing arrangements, can help spread the cost of LED installations over time, making them more accessible to a broader range of customers. As the industry addresses these cost challenges and effectively communicates the economic advantages of LED lighting, it can overcome this obstacle to market growth.

Quality and Standardization Concerns

In the dynamic landscape of the Global Solid State Lighting System Application market, ensuring consistent quality and adherence to standards is an ongoing challenge. The market encompasses a wide range of manufacturers and suppliers, each offering varying levels of product quality and performance. Inconsistent quality can undermine the reputation of solid-state lighting technology and erode trust among consumers and businesses.

One of the key quality concerns in the industry relates to product durability and reliability. Customers expect LED lighting systems to operate flawlessly over their extended lifespan. However, variations in manufacturing processes and materials can result in differences in product quality, leading to premature failures and customer dissatisfaction. Ensuring uniform quality across the supply chain is crucial to maintaining customer confidence.

Moreover, standardization of LED products and components is essential to guarantee compatibility and interoperability. The lack of consistent industry standards can create confusion for customers and impede market growth. Industry organizations and regulatory bodies play a vital role in establishing and enforcing standards that cover aspects such as product performance, safety, and environmental impact.

Addressing these quality and standardization challenges requires collaboration among industry stakeholders, including manufacturers, industry associations, and regulatory bodies. Companies must invest in robust quality control processes and adhere to recognized standards to deliver reliable and consistent products. Furthermore, educational efforts aimed at raising awareness about the importance of quality and standardization can help consumers make informed choices, driving demand for high-quality solid-state lighting solutions.

Overcoming these challenges will be essential for the Global Solid State Lighting System Application market to continue its growth trajectory and establish itself as a trusted and sustainable lighting solution for the future.

Key Market Trends

Human-Centric Lighting Solutions

One of the most significant trends shaping the Global Solid State Lighting System Application market is the adoption of human-centric lighting solutions. This trend reflects a growing recognition of the profound impact that lighting has on human health, well-being, and productivity. Human-centric lighting involves tailoring light spectra, intensity, and color temperatures to mimic natural daylight patterns throughout the day.

Incorporating human-centric lighting in workplaces, healthcare facilities, and residential settings is gaining traction. Lighting systems can be programmed to adjust throughout the day, promoting alertness in the morning and facilitating relaxation in the evening. Such lighting solutions have been shown to enhance mood, increase productivity, and improve sleep patterns.

As the importance of employee well-being and productivity gains prominence, businesses are investing in lighting systems that support the health and performance of their workforce. This trend is expected to drive demand for advanced solid-state lighting technologies that enable customizable and dynamic lighting environments, making human-centric lighting a pivotal growth driver in the market.

 

Li-Fi (Light Fidelity) Integration

Li-Fi, or Light Fidelity, is emerging as a transformative trend in the Global Solid State Lighting System Application market. Li-Fi utilizes visible light communication (VLC) technology to transmit data through modulated LED light, offering an alternative to traditional wireless communication methods like Wi-Fi.

One of the key advantages of Li-Fi is its potential for significantly higher data transfer speeds compared to Wi-Fi, making it ideal for environments where high-speed, secure data transmission is critical, such as hospitals, manufacturing facilities, and smart cities. Li-Fi also boasts increased security since light signals do not pass through walls, reducing the risk of unauthorized access.

The integration of Li-Fi into solid-state lighting systems is opening up new possibilities for data communication, indoor positioning, and IoT connectivity. It enables seamless connectivity between smart devices and lighting fixtures, creating intelligent ecosystems where lighting not only illuminates spaces but also serves as a communication infrastructure.

As the demand for faster and more reliable data transmission grows, Li-Fi integration is poised to disrupt the lighting market and extend its applications beyond illumination. This trend is expected to fuel innovation and investment in Li-Fi technology within the Solid State Lighting System Application market.

Miniaturized Lighting for Wearables and Portable Devices

The trend toward miniaturized lighting solutions is gaining momentum in the Global Solid State Lighting System Application market, driven by the increasing popularity of wearables, portable electronics, and IoT devices. Traditional lighting components are often too bulky and power-hungry for these applications, necessitating compact and energy-efficient alternatives.

Miniaturized LEDs and OLEDs are now being integrated into a wide range of devices, including smartwatches, fitness trackers, augmented reality (AR) glasses, and medical wearables. These tiny lighting elements provide essential functionality, such as status indicators, notifications, and display backlighting, while conserving precious battery life.

The trend toward miniaturization is also fostering innovation in flexible and bendable lighting technologies. Flexible OLEDs, for instance, can be seamlessly incorporated into curved surfaces, enabling the design of sleek and ergonomic devices.

As the market for wearables and portable electronics continues to expand, the demand for miniaturized lighting solutions is expected to surge. This trend represents a lucrative growth opportunity for manufacturers and developers of solid-state lighting technologies, spurring research and development efforts to create even smaller and more power-efficient lighting components.

Segmental Insights

Technology Insights

In 2022, the Light Emitting Diodes (LEDs) segment dominated the Global Solid State Lighting System Application Market, and it is expected to maintain its dominance during the forecast period. LEDs have established themselves as the frontrunners in the solid-state lighting industry due to their exceptional energy efficiency, long lifespan, and versatility. These characteristics make LEDs the preferred choice for a wide range of applications, including residential lighting, commercial spaces, industrial facilities, automotive lighting, and more. Additionally, continuous advancements in LED technology have led to improved performance, increased brightness, and enhanced color rendering, further strengthening their market position. Moreover, government initiatives promoting energy-efficient lighting solutions, coupled with stringent regulations on traditional lighting technologies, have accelerated the adoption of LEDs globally. As businesses and consumers continue to prioritize energy savings and sustainability, the LEDs segment is poised to maintain its dominance, solidifying its position as the cornerstone of the Solid State Lighting System Application Market throughout the forecast period.

Product Type Insights

 

In 2022, the LED Fixtures segment emerged as the dominant product type in the Global Solid State Lighting System Application Market, and it is expected to maintain its dominance throughout the forecast period. LED Fixtures have secured a commanding position due to their widespread adoption in a diverse range of applications. These fixtures are prized for their energy efficiency, longevity, and adaptability to various settings, making them a preferred choice in commercial, industrial, and outdoor lighting installations. The trend toward smart and integrated lighting systems further fuels the demand for LED Fixtures, as they offer improved control, customization, and energy-saving capabilities. With ongoing advancements in LED technology and the growing emphasis on sustainable and efficient lighting solutions, LED Fixtures are poised to remain at the forefront of the market, catering to a wide array of applications and maintaining their dominant position.


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Regional Insights

In 2022, the Asia-Pacific (APAC) region emerged as the dominant force in the Global Solid State Lighting System Application Market, and it is anticipated to maintain its dominance throughout the forecast period. APAC's market supremacy can be attributed to several key factors. First and foremost is the region's robust industrial and manufacturing sector, particularly in countries like China, Japan, and South Korea. These nations have been at the forefront of adopting solid-state lighting technologies for both industrial and residential applications.

Furthermore, the APAC region benefits from a large and growing population, driving significant demand for lighting solutions in residential and commercial spaces. The increasing awareness of energy efficiency, coupled with government initiatives promoting eco-friendly lighting, has spurred the adoption of LED technology across various sectors.

Moreover, rapid urbanization and infrastructure development in emerging economies within the APAC region have created a substantial need for efficient and sustainable lighting solutions in areas such as street and area lighting, architectural lighting, and general lighting. The automotive industry in APAC, particularly in countries like China and India, has witnessed significant growth, contributing to the demand for automotive lighting systems, including LED-based solutions.

As APAC continues to invest in technology and innovation, it is expected to lead in the development and implementation of cutting-edge lighting applications. The region's economic growth, coupled with a commitment to environmental sustainability and energy efficiency, positions it as the dominant force in the Global Solid State Lighting System Application Market. As such, APAC is likely to maintain its leadership in the years ahead, catering to the diverse lighting needs of its growing population and expanding industries.

Recent Developments

  • Osram Opto Semiconductors launched new LED modules and luminaires for horticulture applications in 2022.
  • Cree introduced new XLamp LEDs and lighting solutions for industrial and commercial applications in 2023.
  • Osram Licht AG acquired an LED lighting business from Stanley in 2022 to expand its presence.
  • LG Innotek partnered with Signify to develop solid state lighting for smart homes and cities.
  • Acuity Brands acquired indoor agriculture lighting company Hortilux in 2022 to enter the horticulture market.
  • Lumileds expanded its automotive LED portfolio with new exterior and interior lighting solutions.
  • Seoul Semiconductor launched new Minuette LEDs for miniature lighting and signage applications.

Key Market Players

  • Osram Licht AG
  • Koninklijke Philips N.V
  • General Electric Company
  • Samsung Electronics Co., Ltd
  • Panasonic Corporation
  • Seoul Semiconductor Co. Ltd.
  • Cree, Inc
  • Acuity Brands Lighting, Inc
  • Energy Focus, Inc
  • Intematix Corporation

 By Technology  

By Product Type

By Application

By Region
  • Light Emitting Diodes (LEDs)
  • Organic Light Emitting Diodes (OLEDs)
  • Polymer Light Emitting Diodes (PLEDs)
  • LED Lamps
  • LED Fixtures
  • OLED Luminaires PLED Displays
  •  
  • General Lighting
  • Automotive Lighting
  • Display and Signage
  • Backlighting
  • Horticultural Lighting
  • Architectural Lighting
  • Healthcare Lighting
  • Street and Area Lighting
  • Emergency Lighting
  • UV Lighting
  • Others
  •  
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global Solid State Lighting System Application Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Solid State Lighting System Application Market, By Technology:

o   Light Emitting Diodes (LEDs)  

o   Organic Light Emitting Diodes (OLEDs)

o   Polymer Light Emitting Diodes (PLEDs)

  • Solid State Lighting System Application Market, By Product Type:

o   LED Lamps

o   LED Fixtures

o   OLED Luminaires

o   PLED Displays

  • Solid State Lighting System Application Market, By Application:

o   General Lighting

o   Automotive Lighting

o   Display and Signage

o   Backlighting

o   Horticultural Lighting

o   Architectural Lighting

o   Healthcare Lighting

o   Street and Area Lighting

o   Emergency Lighting

o   UV Lighting

o   Others

  • Solid State Lighting System Application Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Kuwait

§  Turkey

§  Egypt

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Solid State Lighting System Application Market.

Available Customizations:

Global Solid State Lighting System Application Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Solid State Lighting System Application Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]   

Table of content

1.    Service Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Formulation of the Scope

2.4.  Assumptions and Limitations

2.5.  Sources of Research

2.5.1.    Secondary Research

2.5.2.    Primary Research

2.6.  Approach for the Market Study

2.6.1.    The Bottom-Up Approach

2.6.2.    The Top-Down Approach

2.7.  Methodology Followed for Calculation of Market Size & Market Shares

2.8.  Forecasting Methodology

2.8.1.    Data Triangulation & Validation

3.    Executive Summary

4.    Voice of Customer

5.    Global Solid State Lighting System Application Market Overview

6.    Global Solid State Lighting System Application Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Technology (Light Emitting Diodes (LEDs), Organic Light Emitting Diodes (OLEDs), Polymer Light Emitting Diodes (PLEDs))

6.2.2.    By Product Type (LED Lamps, LED Fixtures, OLED Luminaires, PLED Displays)

6.2.3.    By Application (General Lighting, Automotive Lighting, Display and Signage, Backlighting, Horticultural Lighting, Architectural Lighting, Healthcare Lighting, Street and Area Lighting, Emergency Lighting, UV Lighting, Others)

6.2.4.    By Region

6.3.  By Company (2022)

6.4.  Market Map

7.    North America Solid State Lighting System Application Market Outlook

7.1.  Market Size & Forecast      

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Technology  

7.2.2.    By Product Type

7.2.3.    By Application

7.2.4.    By Country

7.3.  North America: Country Analysis

7.3.1.    United States Solid State Lighting System Application Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Technology  

7.3.1.2.2.           By Product Type

7.3.1.2.3.           By Application

7.3.2.    Canada Solid State Lighting System Application Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Technology  

7.3.2.2.2.           By Product Type

7.3.2.2.3.           By Application

7.3.3.    Mexico Solid State Lighting System Application Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Technology  

7.3.3.2.2.           By Product Type

7.3.3.2.3.           By Application

8.    Europe Solid State Lighting System Application Market Outlook

8.1.  Market Size & Forecast      

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Technology  

8.2.2.    By Product Type

8.2.3.    By Application

8.2.4.    By Country

8.3.  Europe: Country Analysis

8.3.1.    Germany Solid State Lighting System Application Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Technology  

8.3.1.2.2.           By Product Type

8.3.1.2.3.           By Application

8.3.2.    United Kingdom Solid State Lighting System Application Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Technology  

8.3.2.2.2.           By Product Type

8.3.2.2.3.           By Application

8.3.3.    Italy Solid State Lighting System Application Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value

8.3.3.2.        Market Share & Forecasty

8.3.3.2.1.           By Technology  

8.3.3.2.2.           By Product Type

8.3.3.2.3.           By Application

8.3.4.    France Solid State Lighting System Application Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.           By Value

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Technology  

8.3.4.2.2.           By Product Type

8.3.4.2.3.           By Application

8.3.5.    Spain Solid State Lighting System Application Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.           By Value

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.           By Technology  

8.3.5.2.2.           By Product Type

8.3.5.2.3.           By Application

9.    Asia-Pacific Solid State Lighting System Application Market Outlook

9.1.  Market Size & Forecast      

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Technology  

9.2.2.    By Product Type

9.2.3.    By Application

9.2.4.    By Country

9.3.  Asia-Pacific: Country Analysis

9.3.1.    China Solid State Lighting System Application Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Technology  

9.3.1.2.2.           By Product Type

9.3.1.2.3.           By Application

9.3.2.    India Solid State Lighting System Application Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Technology  

9.3.2.2.2.           By Product Type

9.3.2.2.3.           By Application

9.3.3.    Japan Solid State Lighting System Application Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Technology  

9.3.3.2.2.           By Product Type

9.3.3.2.3.           By Application

9.3.4.    South Korea Solid State Lighting System Application Market Outlook

9.3.4.1.        Market Size & Forecast

9.3.4.1.1.           By Value

9.3.4.2.        Market Share & Forecast

9.3.4.2.1.           By Technology  

9.3.4.2.2.           By Product Type

9.3.4.2.3.           By Application

9.3.5.    Australia Solid State Lighting System Application Market Outlook

9.3.5.1.        Market Size & Forecast

9.3.5.1.1.           By Value

9.3.5.2.        Market Share & Forecast

9.3.5.2.1.           By Technology  

9.3.5.2.2.           By Product Type

9.3.5.2.3.           By Application

10. South America Solid State Lighting System Application Market Outlook

10.1.            Market Size & Forecast        

10.1.1. By Value

10.2.            Market Share & Forecast

10.2.1. By Technology  

10.2.2. By Product Type

10.2.3. By Application

10.2.4. By Country

10.3.            South America: Country Analysis

10.3.1. Brazil Solid State Lighting System Application Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Technology  

10.3.1.2.2.         By Product Type

10.3.1.2.3.         By Application

10.3.2. Argentina Solid State Lighting System Application Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Technology  

10.3.2.2.2.         By Product Type

10.3.2.2.3.         By Application

10.3.3. Colombia Solid State Lighting System Application Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Technology  

10.3.3.2.2.         By Product Type

10.3.3.2.3.         By Application

11. Middle East and Africa Solid State Lighting System Application Market Outlook

11.1.            Market Size & Forecast        

11.1.1. By Value

11.2.            Market Share & Forecast

11.2.1. By Technology  

11.2.2. By Product Type

11.2.3. By Application

11.2.4. By Country

11.3.            MEA: Country Analysis

11.3.1. South Africa Solid State Lighting System Application Market Outlook

11.3.1.1.     Market Size & Forecast

11.3.1.1.1.         By Value

11.3.1.2.     Market Share & Forecast

11.3.1.2.1.         By Technology  

11.3.1.2.2.         By Product Type

11.3.1.2.3.         By Application

11.3.2. Saudi Arabia Solid State Lighting System Application Market Outlook

11.3.2.1.     Market Size & Forecast

11.3.2.1.1.         By Value

11.3.2.2.     Market Share & Forecast

11.3.2.2.1.         By Technology  

11.3.2.2.2.         By Product Type

11.3.2.2.3.         By Application

11.3.3. UAE Solid State Lighting System Application Market Outlook

11.3.3.1.     Market Size & Forecast

11.3.3.1.1.         By Value

11.3.3.2.     Market Share & Forecast

11.3.3.2.1.         By Technology  

11.3.3.2.2.         By Product Type

11.3.3.2.3.         By Application

11.3.4. Kuwait Solid State Lighting System Application Market Outlook

11.3.4.1.     Market Size & Forecast

11.3.4.1.1.         By Value

11.3.4.2.     Market Share & Forecast

11.3.4.2.1.         By Technology  

11.3.4.2.2.         By Product Type

11.3.4.2.3.         By Application

11.3.5. Turkey Solid State Lighting System Application Market Outlook

11.3.5.1.     Market Size & Forecast

11.3.5.1.1.         By Value

11.3.5.2.     Market Share & Forecast

11.3.5.2.1.         By Technology  

11.3.5.2.2.         By Product Type

11.3.5.2.3.         By Application

11.3.6. Egypt Solid State Lighting System Application Market Outlook

11.3.6.1.     Market Size & Forecast

11.3.6.1.1.         By Value

11.3.6.2.     Market Share & Forecast

11.3.6.2.1.         By Technology  

11.3.6.2.2.         By Product Type

11.3.6.2.3.         By Application

12. Market Dynamics

12.1.            Drivers

12.2.            Challenges

13. Market Trends & Developments

14. Company Profiles

14.1.            Osram Licht AG

14.1.1.            Business Overview

14.1.2.            Key Revenue and Financials  

14.1.3.            Recent Developments

14.1.4.            Key Personnel/Key Contact Person

14.1.5.            Key Product/Services Offered

14.2.            Koninklijke Philips N.V

14.2.1.            Business Overview

14.2.2.            Key Revenue and Financials  

14.2.3.            Recent Developments

14.2.4.            Key Personnel/Key Contact Person

14.2.5.            Key Product/Services Offered

14.3.            General Electric Company

14.3.1.            Business Overview

14.3.2.            Key Revenue and Financials  

14.3.3.            Recent Developments

14.3.4.            Key Personnel/Key Contact Person

14.3.5.            Key Product/Services Offered

14.4.            Samsung Electronics Co., Ltd

14.4.1.            Business Overview

14.4.2.            Key Revenue and Financials  

14.4.3.            Recent Developments

14.4.4.            Key Personnel/Key Contact Person

14.4.5.            Key Product/Services Offered

14.5.            Panasonic Corporation

14.5.1.               Business Overview

14.5.2.               Key Revenue and Financials  

14.5.3.               Recent Developments

14.5.4.               Key Personnel/Key Contact Person

14.5.5.               Key Product/Services Offered

14.6.            Energy Focus, Inc

14.6.1.               Business Overview

14.6.2.               Key Revenue and Financials  

14.6.3.               Recent Developments

14.6.4.               Key Personnel/Key Contact Person

14.6.5.               Key Product/Services Offered

14.7.            Seoul Semiconductor Co. Ltd.

14.7.1.               Business Overview

14.7.2.               Key Revenue and Financials  

14.7.3.               Recent Developments

14.7.4.               Key Personnel/Key Contact Person

14.7.5.               Key Product/Services Offered

14.8.            Cree, Inc

14.8.1.               Business Overview

14.8.2.               Key Revenue and Financials  

14.8.3.               Recent Developments

14.8.4.               Key Personnel/Key Contact Person

14.8.5.               Key Product/Services Offered

14.9.            Acuity Brands Lighting, Inc.

14.9.1.               Business Overview

14.9.2.               Key Revenue and Financials  

14.9.3.               Recent Developments

14.9.4.               Key Personnel/Key Contact Person

14.9.5.               Key Product/Services Offered

14.10.          Intematix Corporation

14.10.1.              Business Overview

14.10.2.              Key Revenue and Financials  

14.10.3.              Recent Developments

14.10.4.              Key Personnel/Key Contact Person

14.10.5.              Key Product/Services Offered

15. Strategic Recommendations

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Solid State Lighting System Application Market was USD 24.57 billion in 2022.

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The dominant segment by product type in the global solid state lighting system application market in 2022 was LED lamps. LED fixtures was the second largest segment. By application, general lighting dominated the market in 2022 and was the major application for solid state lighting system globally.

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The dominant region in the global solid state lighting system application market is Asia Pacific. Asia Pacific accounted for the largest share of the global market in 2022 due to the presence of a large number of LED manufacturers in China, widespread adoption of LED lighting in various applications, and growing construction activities in the region.

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The major drivers for the Global Solid State Lighting System Application Market are: Growing demand for energy-efficient lighting solutions and government regulations on use of conventional lighting are fueling market growth. Increasing adoption of LED lighting in general lighting, automotive, backlighting and signage applications due to long lifespan, design flexibility and cost savings is further propelling the solid state lighting system market.

Related Reports

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Sakshi Bajaal

Business Consultant
Press Release

Solid State Lighting System Application Market to Grow with a CAGR of 6.58% Globally through to 2028

Oct, 2023

Solid State Lighting System Application is increasing due to energy efficiency and cost savings in the forecast period, 2024-2028.

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