HOME Top Market Reports Solid-State Lighting & Fluorescent Lighting Market by Technology (LED, OLED, CFL), Type of Installation (New, Retrofit), Application (General Lighting, Backlighting, Automotive Lighting, Medical Lighting), Vertical, & Geography - Forecast to 2020

Solid-State Lighting & Fluorescent Lighting Market by Technology (LED, OLED, CFL), Type of Installation (New, Retrofit), Application (General Lighting, Backlighting, Automotive Lighting, Medical Lighting), Vertical, & Geography - Forecast to 2020

By: marketsandmarkets.com
Publishing Date: May 2015
Report Code: SE 3407

 

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The global SSL & Fluorescent Lighting Market is witnessing a change; people are switching from traditional lighting technologies to energy-efficient ones such as SSL. The Solid-State Lighting Market for traditional lighting technologies comprising incandescent bulbs, halogens, and Fluorescent Lighting Market is declining due to the consumer awareness about their drawbacks as well as benefits of solid-state lighting technologies such as LED and OLED. At present, the SSL technology is being preferred for new installations in domestic and commercial establishments, whereas the retrofit segment is expected to gradually take-off in the coming years with rising consumer awareness and falling product costs.

Earlier, incandescent lamps were popular for lighting applications. These lamps converted only 10% of the electrical energy into light while the rest 90% was wasted in the form of heat. Solid State Lighting Market products such as LED consume less energy and provide more light output compared to traditional lighting. They can last for 8 to 10 years if operated for 12 to 14 hours a day. Also, the maintenance cost for LED is very low compared to other conventional products. SSL is suitable for low space applications such as automotive lighting. All these factors have led to the increased adoption of the SSL technology in recent times.

This research study segments the lighting market on the basis of different types of technology, type of installation, application, industry vertical, and geography. It also provides market size forecast, and analyses of trends in the market. The geographic analysis contains an in-depth classification of markets in North America, Europe, APAC and Rest of the World and highlights some of the major countries/regions from all these regions. Sections and sub-segments in the report contain drivers, restraints, opportunities, current market trends, and technologies expected to revolutionize the lighting domain. The report also provides comprehensive profiles of various companies, active in these markets. Moreover, it includes a competitive landscape of key players in the Solid-State Lighting Market with a detailed market ranking analysis, mergers and acquisitions, collaborations, partnerships, new product developments, and key growth strategies of each player.

Scope of the report:

This report categorizes the global SSL & Fluorescent Lighting Market on the basis of technology, type of installation, application, industry vertical, and geography. It also covers some of the emerging technologies and trends in this market.

Market on the basis of technology:

On the basis of technology, the market is segmented into Solid-State Lighting Market and Fluorescent Lighting Market.

Market based on type of installation:

The market, based on type of installation, is segmented into new installation and retrofit.

Market on the basis of application:

The market is broadly segmented into general lighting, backlighting, automotive lighting, media lighting, and others.

Market on the basis of industry vertical:

The market based on industry vertical includes residential, commercial, educational, consumer electronics, industrial, medical, and transportation.

Market based on geography:

The geographic analysis covers North America, Europe, Asia-Pacific, and Rest of the World (RoW). The cross segmentation data included in the report gives a deep insight about the regional markets.

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Solid-State Lighting Market Definition
    1.3 Solid-State Lighting Market Scope
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
           1.3.3 Years Considered for the Study
    1.4 Currency and Pricing
    1.5 Limitation
    1.6 Solid-State Lighting Market Stakeholders

2 Research Methodology (Page No. - 21)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Solid-State Lighting Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Solid-State Lighting Market Breakdown & Data Triangulation
    2.4 Research Assumptions
           2.4.1 Assumptions

3 Executive Summary (Page No. - 29)

4 Premium Insights (Page No. - 34)
    4.1 Attractive Growth Opportunities in the Global SSL Technology Market
    4.2 SSL Market, By Application
    4.3 Lighting Market in the Asia-Pacific Region, 2014
    4.4 the Middle East is the Fastest Growing Market for the Lighting Technology
    4.5 Lighting Market, By Technology
    4.6 SSL Technology Market, By Industry Vertical

5 Market Overview (Page No. - 39)
    5.1 Introduction
           5.1.1 Evolution
    5.2 Solid-State Lighting MarketSegmentation
    5.3 Solid-State Lighting Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Long Life and Low Energy Consumption
                    5.3.1.2 Efficient and Robust Design for Better Productivity
                    5.3.1.3 Governments’ Initiatives for the Adoption of the SSL Technology
                    5.3.1.4 Useful in Limited Or Small Spaces
                    5.3.1.5 Provide A Sense of Natural Light
           5.3.2 Restraints
                    5.3.2.1 Initial Equipment Cost is High
                    5.3.2.2 Less Efficient for Heat Sensitive Applications
           5.3.3 Opportunities
                    5.3.3.1 Commercial and Residential Lighting
           5.3.4 Challenges
                    5.3.4.1 Absence of Standard Testing Practices for Assessing the Product Quality of SSL
           5.3.5 Burning Issue
                    5.3.5.1 Initial Cost of SSL Products
           5.3.6 Winning Imperative
                    5.3.6.1 Safe and Environmentally-Friendly Lighting Solution

6 Industry Trends (Page No. - 48)
    6.1 Value Chain Analysis
    6.2 Porter’s Five Forces Analysis
           6.2.1 Threat of New Entrants
           6.2.2 Threat of Substitutes
           6.2.3 Bargaining Power of Suppliers
           6.2.4 Bargaining Power of Buyers
           6.2.5 Intensity of Rivalry
    6.3 Trends in the Lighting Market
    6.4 Recent Developments in Government Policies on SSL in Different Countries
           6.4.1 the U.S.
                    6.4.1.1 Incentives
                               6.4.1.1.1 Standard Accreditation Agency
                                           6.4.1.1.1.1 Ansi Standards Include
                    6.4.1.2 Professional Associations
                               6.4.1.2.1 Iesna Standards Include;
                    6.4.1.3 Standard Developing Organization
                               6.4.1.3.1 Ul Standards
                    6.4.1.4 Government Agencies
           6.4.2 European Union
                    6.4.2.1 Incentives
           6.4.3 China
                    6.4.3.1 Incentives
                    6.4.3.2 China SSL Alliances (CSA) Standards
           6.4.4 Japan
                    6.4.4.1 Incentives
           6.4.5 Korea
                    6.4.5.1 Incentives
           6.4.6 India
                    6.4.6.1 Incentives
           6.4.7 Global SSL Standards

7 Market Analysis, By Technology (Page No. - 62)
    7.1 Introduction
    7.2 Solid-State Lighting
           7.2.1 LED
           7.2.2 OLED
    7.3 FLuorescent Lighting
           7.3.1 LFL
           7.3.2 CFL
                    7.3.2.1 CFL Types
                               7.3.2.1.1 Plug-In CFL
                               7.3.2.1.2 Integral CFL
                               7.3.2.1.3 Adapter CFL
                               7.3.2.1.4 Screw-Based
                               7.3.2.1.5 Pin-Mounted
           7.3.3 CCFL

8 Market Analysis, By Type of Installation (Page No. - 85)
    8.1 Introduction
    8.2 New Installation
    8.3 Retrofit

9 Market Analysis, By Application (Page No. - 88)
    9.1 Introduction
    9.2 General Lighting
    9.3 Backlighting
    9.4 Automotive Lighting
    9.5 Medical Lighting
    9.6 Others

10 Market Analysis, By Industry Vertical (Page No. - 103)
     10.1 Introduction
     10.2 Residential
     10.3 Commercial
     10.4 Educational
     10.5 Consumer Electronics
     10.6 Industrial
     10.7 Medical
     10.8 Transportation

11 Geographic Analysis (Page No. - 111)
     11.1 Introduction
     11.2 North America
     11.3 Europe
     11.4 APAC
     11.5 RoW

12 Competitive Landscape (Page No. - 126)
     12.1 Overview
     12.2 Solid-State Lighting Market Ranking Analysis
             12.2.1 Market Ranking, SSL Technology, 2014
             12.2.2 Market Ranking, FL Technology, 2014
     12.3 Competitive Situation and Trends
             12.3.1 New Product Launches
             12.3.2 Agreements, Partnerships, Collaborations, and Joint Ventures
             12.3.3 Expansions
             12.3.4 Other Developments

13 Company Profiles (Page No. - 131)
(Overview, Products and Services, Financials, Strategy & Development)*
     13.1 Introduction
     13.2 Acuity Brands Lighting, Inc.
     13.3 Advanced Lighting Technologies, Inc.
     13.4 Aixtron SE
     13.5 Applied Materials, Inc.
     13.6 Applied Science and Technology Research Institute
     13.7 Bridgelux, Inc
     13.8 Cambridge Display Technology Ltd.
     13.9 Citizen Electronics Co., Ltd.
     13.10 Cree, Inc.
     13.11 Eaton Corporation PLC.
     13.12 Energy Focus, Inc.
     13.13 Everlight Electronics Co. Ltd.
     13.14 Fairchild Semiconductor International
     13.15 General Electric Company
     13.16 Intematix Corporation
     13.17 LED Engin, Inc
     13.18 LG Innotek Co. Ltd.
     13.19 Lumenpulse Inc.
     13.20 Lustrous Technology, Ltd
     13.21 Mitsubishi Electric Corporation
     13.22 Nichia Corporation
     13.23 Osram Licht AG
     13.24 Panasonic Corporation
     13.25 Royal Philips Electronics N.V.
     13.26 Samsung Electronics Co. Ltd.
     13.27 Seoul Semiconductor Co. Ltd.
     13.28 TCP International Holdings Ltd
     13.29 Toyoda Gosei Co. Ltd.
     13.30 Tridonic Gmbh & Co. KG
     13.31 Veeco Instruments, Inc.

*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 190)
     14.1 Insights of Industry Experts
     14.2 Discussion Guide
     14.4 Introducing RT: Real-Time Market Intelligence
     14.5 Available Customizations
     14.6 Related Reports


List of Tables (78 Tables)

Table 1 Comparison of LED and Fluorescent Lamps
Table 2 Global SSL Standards
Table 3 SSL & FL Market Size, By Technology, 2013-2020 (Million USD)
Table 4 SSL Market Size, By Type, 2013-2020 (Million USD)
Table 5 SSL Market Size, By Geography, 2013-2020 (Million USD)
Table 6 SSL Market Size, By Type of Installation, 2013-2020 (Million USD)
Table 7 SSL Market Size, By Application, 2013-2020 (Million USD)
Table 8 SSL General Lighting Market Size, By Geography, 2013-2020 (Million USD)
Table 9 SSL Backlighting Market Size, By Geography, 2013-2020 (Million USD)
Table 10 SSL Automotive Lighting Market Size, By Geography,2013-2020 (Million USD)
Table 11 SSL Medical Lighting Market Size, By Geography, 2013-2020 (Million USD)
Table 12 SSL Other Lighting Applications Market Size, By Geography,2013-2020 (Million USD)
Table 13 Solid-State Lighting Market Size, By Industry Vertical, 2013-2020 (Million USD)
Table 14 SSL LED Market Size, By Application, 2013-2020 (Million USD)
Table 15 SSL OLED Market Size, By Application, 2013-2020 (Million USD)
Table 16 FL Market Size, By Type, 2013-2020 (Million USD)
Table 17 FL Market Size, By Geography, 2013-2020 (Million USD)
Table 18 FL Market Size, By Type of Installation, 2013-2020 (Million USD)
Table 19 FL Market Size, By Application, 2013-2020 (Million USD)
Table 20 FL General Lighting Market Size, By Geography, 2013-2020 (Million USD)
Table 21 FL Backlighting Market Size, By Geography, 2013-2020 (Million USD)
Table 22 FL Medical Lighting Market Size, By Geography, 2013-2020 (Million USD)
Table 23 FL Other Lighting Applications Market Size, By Geography,2013-2020 (Million USD)
Table 24 FL Market Size, By Industry Vertical, 2013-2020 (Million USD)
Table 25 FL LFL Market Size, By Application, 2013-2020 (Million USD)
Table 26 FL CFL Market Size, By Application, 2013-2020 (Million USD)
Table 27 FL CCFL Market Size, By Application, 2013-2020 (Million USD)
Table 28 Solid-State Lighting Market Size, By Type of Installation, 2013-2020 (Million USD)
Table 29 New Installation Market Size, By Technology, 2013-2020 (Million USD)
Table 30 Retrofit Market Size, By Technology, 2013-2020 (Million USD)
Table 31 Solid-State Lighting Market Size, By Application, 2013-2020 (Million USD)
Table 32 General Lighting Market Size, By Technology, 2013-2020 (Million USD)
Table 33 General Lighting Market Size, By SSL Type, 2013-2020 (Million USD)
Table 34 General Lighting Market Size, By FL Type, 2013-2020 (Million USD)
Table 35 General Lighting Market Size, By Application, 2013-2020 (Million USD)
Table 36 General Lighting Market Size, By Region, 2013-2020 (Million USD)
Table 37 Backlighting Market Size, By Technology, 2013-2020 (Million USD)
Table 38 Backlighting Market Size, By SSL Type, 2013-2020 (Million USD)
Table 39 Backlighting Market Size, By FL Type, 2013-2020 (Million USD)
Table 40 Backlighting Market Size, By Region, 2013-2020 (Million USD)
Table 41 Automotive Lighting Market Size, By Technology, 2013-2020 (Million USD)
Table 42 Automotive Lighting Market Size, By SSL Type, 2013-2020 (Million USD)
Table 43 Automotive Lighting Market Size, By Region, 2013-2020 (Million USD)
Table 44 Medical Lighting Market Size, By Technology, 2013-2020 (Million USD)
Table 45 Medical Lighting Market Size, By SSL Type, 2013-2020 (Million USD)
Table 46 FL Market Size, By Type, 2013-2020 (Million USD)
Table 47 Medical Lighting Market Size, By Application, 2013-2020 (Million USD)
Table 48 Medical Lighting Market Size, By Region, 2013-2020 (Million USD)
Table 49 Other Lighting Applications Market Size, By Technology,2013-2020 (Million USD)
Table 50 Other Lighting Applications Market Size, By SSL Type,2013-2020 (Million USD)
Table 51 Other Lighting Applications Market Size, By FL Type,2013-2020 (Million USD)
Table 52 Other Lighting Applications Market Size, By Region,2013-2020 (Million USD)
Table 53 Solid-State Lighting Market Size, By Industry Vertical, 2013–2020 (Million USD)
Table 54 Residential Market Size, By Technology, 2013–2020 (Million USD)
Table 55 Commercial Market Size, By Technology, 2013–2020 (Million USD)
Table 56 Educational Market Size, By Technology, 2013–2020 (Million USD)
Table 57 Consumer Electronics Market Size, By Technology,2013–2020 (Million USD)
Table 58 Industrial Market Size, By Technology, 2013–2020 (Million USD)
Table 59 Medical Market Size, By Technology, 2013–2020 (Million USD)
Table 60 Transportation Market Size, By Technology, 2013–2020 (Million USD)
Table 61 Solid-State Lighting Market Size, By Region, 2013–2020 (Million USD)
Table 62 North America: SSL & FL Market Size, By Technology,2013–2020 (Million USD)
Table 63 North America: SSL & FL Market Size, By Application,2013–2020 (Million USD)
Table 64 North America: SSL & FL Market Size, By Country, 2013–2020 (Million USD)
Table 65 Europe: Solid-State Lighting Market Size, By Technology, 2013–2020 (Million USD)
Table 66 Europe: Solid-State Lighting Market Size, By Application, 2013–2020 (Million USD)
Table 67 Europe: Solid-State Lighting Market Size, By Region, 2013–2020 (Million USD)
Table 68 APAC: Solid-State Lighting Market Size, By Technology, 2013–2020 (Million USD)
Table 69 APAC: Solid-State Lighting Market Size, By Application, 2013–2020 (Million USD)
Table 70 APAC: Solid-State Lighting Market Size, By Region, 2013–2020 (Million USD)
Table 71 RoW: Solid-State Lighting MarketSize, By Technology, 2013–2020 (Million USD)
Table 72 RoW: Solid-State Lighting Market Size, By Application, 2013–2020 (Million USD)
Table 73 RoW: Solid-State Lighting Market Size, By Region, 2013–2020 (Million USD)
Table 74 Middle East: SSL & FL Market Size, By Country, 2013–2020 (Million USD)
Table 75 New Product Launches, 2015
Table 76 Agreements, Partnerships, Collaborations, and Joint Ventures, 2015
Table 77 Expansions, 2013-2014
Table 78 Other Developments, 2014-2015
 
 
List of Figures (82 Figures)
 
Figure 1 Research Design
Figure 2 Solid-State Lighting Market Size Estimation Meth0dology: Bottom-Up Approach
Figure 3 Solid-State Lighting Market Size Estimation Meth0dology: Top-Down Approach
Figure 4 Data Triangulation
Figure 5 Assumption of the Research Study
Figure 6 Solid-State Lighting Market Snapshot (2015 vs. 2020): General Lighting Expected to Have the Largest Market Size During the Forecast Period
Figure 7 Global SSL & FL Market, By Industry Vertical, 2014
Figure 8 SSL & FL Market Snapshot, By Type of Installation, 2015 vs. 2020
Figure 9 Global SSL & FL Market Share, By Region, 2014
Figure 10 SSL Technology is Expected to Dominate All Lighting Applications
Figure 11 SSL Market is Expected to Be Dominated By General Lighting Application During the Forecast Period
Figure 12 The Lighting Technology Market in China Accounted for ~38% Share in 2014
Figure 13 The Market in the Middle East is Expected to Grow at A CAGR Of6.15% During the Forecast Period
Figure 14 The FL Technology is Expected to Dominate the Lighting Market During Forecast Period
Figure 15 The Commercial Sector is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 16 Evolution of Lighting Technologies
Figure 17 SSL & FL Market, By Technology
Figure 18 SSL & FL Market, By Type of Installation
Figure 19 SSL & FL Market, By Application
Figure 20 SSL & FL Market, By Industry Vertical
Figure 21 Government Initiatives and Long Life of LED Expected to Drive the SSL Market
Figure 22 Value Chain Analysis for the Solid-State Lighting Market
Figure 23 Porter’s Five Forces Analysis for the Solid-State Lighting Market
Figure 24 Porter’s Five Forces – Impact Analysis
Figure 25 Threat of New Entrants
Figure 26 Threat of Substitutes
Figure 27 Bargaining Power of Suppliers
Figure 28 Bargaining Power of Buyers
Figure 29 Intensity of Rivalry
Figure 30 Trends in Solid-State Lighting
Figure 31 Recent Developments in Solid-State Lighting, By Country
Figure 32 SSL & FL Lighting Market, By Technology
Figure 33 RoW Expected to Exhibit the Fastest Growth for SSL Technologies During the Forecast Period
Figure 34 General Lighting is Expected to Be the Dominant SSL Application During the Forecast Period
Figure 35 Residential Sector is Expected to Be the Largest Application for SSL During the Forecast Period
Figure 36 Types of LED
Figure 37 Fluorescent Lighting Market, By Region (2015 vs. 2020)
Figure 38 Residential Sector Expected to Be the Largest Sector for Fluorescent Lighting Between 2014 to 2020
Figure 39 Advantages and Disadvantages
Figure 40 Advantages and Disadvantages of CFL
Figure 41 General Lighting Expected to Occupy the Largest Share in the Overall Lighting Market During the Forecast Period
Figure 42 RoW Market is Expected to Grow at the Highest CAGR Between2015 and 2020
Figure 43 OLED is Showing A Significant Growth for Backlighting Application During the Forecast Period
Figure 44 SSL Lighting Technology is Expected to Hold the Largest Share in Medical Application
Figure 45 Transportation Sector is Expected to Grow at the Highest CAGR Between 2015 and 2020
Figure 46 SSL Technology is Likely to Grow at the Highest CAGR for Educational Sector
Figure 47 SSL Technology is Majorly Used in Transportation Sector
Figure 48 Lighting Technologies Market, Geographic Snapshot (2015-2020)
Figure 49 Attractive Market Opportunities for Lighting Technologies in RoW
Figure 50 North America Geographic Snapshot, 2014
Figure 51 Europe Geographic Snapshot, 2014
Figure 52 APAC Geographic Snapshot, 2014
Figure 53 RoW Geographic Snapshot, 2014 vs. 2020
Figure 54 Companies Adopted Product Innovation as the Key Growth Strategy Over the Last Three Years
Figure 55 Battle for Market Share: New Product Launches Was the Key Strategy
Figure 56 Geographic Revenue Mix of Major Companies
Figure 57 Acuity Brands Lighting, Inc.: Company Snapshot
Figure 58 Acuity Brands Lighting, Inc.: SWOT Analysis
Figure 59 Aixtron SE: Company Snapshot
Figure 60 Applied Materials, Inc.: Company Snapshot
Figure 61 Cree, Inc.: Company Snapshot
Figure 62 Eaton Corporation PLC.: Company Snapshot
Figure 63 Eaton Corporation PLC.: SWOT Analysis
Figure 64 Energy Focus, Inc: Company Snapshot
Figure 65 Everlight Electronics Co. Ltd.: Company Snapshot
Figure 66 Fairchild Semiconductor: Company Snapshot
Figure 67 General Electric Company: Company Snapshot
Figure 68 General Electric Company: SWOT Analysis
Figure 69 LG Innotek Co. Ltd.: Company Snapshot
Figure 70 Lumenpulse Inc. : Company Snapshot
Figure 71 Mitsubishi Electric Corporation: Company Snapshot
Figure 72 Nichia Corporation: SWOT Analysis
Figure 73 Osram Licht AG: Company Snapshot
Figure 74 Osram Licht AG: SWOT Analysis
Figure 75 Panasonic Corporation: Company Snapshot
Figure 76 Royal Philips Electronics N.V.: Company Snapshot
Figure 77 Royal Philips Electronics N.V.: SWOT Analysis
Figure 78 Samsung Electronics Co. Ltd.: Company Snapshot
Figure 79 Seoul Semiconductor Co. Ltd.: Company Snapshot
Figure 80 TCP International Holdings Ltd: Company Snapshot
Figure 81 Toyoda Gosei Co. Ltd.: Company Snapshot
Figure 82 Veeco Instruments, Inc.: Company Snapshot

The lighting market is on a transition path from conventional lighting technologies to the new SSL technologies which include LED, and OLED. Traditional lighting technologies such as incandescent lamps, halogens, and fluorescent lighting are witnessing a decline due to increasing awareness of consumers regarding benefits of the Solid-State Lighting Market technology. This trend is more in developed countries such as the U.S., Japan, and European Union countries. The developing countries such as China, India, and regions such as the Middle East are  expected to exhibit high adoption rates for these technologies.

The solid-state lighting market size is projected to reach $22.2 Billion by 2020, growing at a CAGR of 7.31% from 2015 to 2020. The market size for fluorescent lighting is estimated to be $24.5 Billion by 2020, at a CAGR of -3.56% from 2015 to 2020.

Governments from developed countries and regions such as the U.S. and the European Union plan to ban incandescent bulbs and adopt energy-efficient and eco-friendly technologies such as LED. For instance, the European Commission has planned to phase out halogen lamps from the European Union by 2018.  Fluorescent Lighting Market is currently the most popular technology in the market for lighting applications. This technology is more energy-efficient than incandescent lamps and halogens, and generates minimal heat. Fluorescent lighting makes use of mercury vapor; however, as mercury is poisonous, broken fluorescent lamps can be an environmental hazard. Thus, the disposal of used FL products is a major concern for governments all over the world.

Solid-State Lighting Market is an emerging technology with a high growth potential across several lighting applications including general lighting, automotive lighting, and medical lighting, among other applications. LEDs were initially used for signage, traffic lights, and backlighting. With further research and development in the field of optoelectronics and the introduction of LEDs capable of emitting white light, more market opportunities have been created for SSL, particularly in general lighting and automotive lighting.

In this report, drivers, restraints, opportunities, and challenges for lighting technologies have been covered. Major driving factors for this market are government initiatives and mandates, long life and low energy consumption, and efficient and robust design of LEDs for better productivity. Major restraints for this market are high costs involved. The figure below shows the estimated growth of the Solid-State Lighting Market between 2014 and 2020.

Below figure shows the estimated growth of the lighting market between 2014 and 2020.

SSL & FL Market Size, by Value, 2014–2020 (Million USD)

Solid State Lighting Market

Source: MarketsandMarkets Analysis

In the lighting market, the general lighting application accounted for a majority of the Solid-State Lighting Market share while, automotive lighting is expected to be the fastest-growing application during the forecast period. Some of the major players in this Solid-State Lighting Market are Osram Licht AG (Germany), Royal Philips Electronics N.V (Netherlands), Nichia Corporation (Japan), General Electric Company (U.S.), and Seoul Semiconductor Co. Ltd (South Korea).

Geographically, this market covers North America, APAC, Europe, and Rest of the World (RoW).

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