Industry Background:
Lighting applications which uses light-emitting diodes (LEDs), organic light-emitting diodes (OLEDs), or light-emitting polymers are commonly referred to as solid-state lighting (SSL). Disparate incandescent or fluorescent lamps, which generate light with filaments and gases encased in a glass bulb, solid-state lighting includes semiconductors which convert electricity into light. Technological developments in the last two decades have permitted LEDs to be used first in signal devices, such as traffic lights and exit signs, then in some limited illumination applications, such as flashlights and now for various general illumination applications, from homes to commercial spaces to outdoor lighting.This growth is primarily driven by Importance of LED Technology in Cultivation Application and Growing Usage in Automotive Lighting Sector.
Globally, a noticeable market trend is evident Rising demand for higher lighting output at less power consumption
. Major Players, such as OSRAM Licht AG (Germany), Koninklijke Philips N.V. (Netherlands), Nichia Corporation (Japan), General Electric (United States), Seoul Semiconductor Co., Ltd. (South Korea), Samsung Electronics Co. Ltd. (South Korea), Panasonic Corporation (Japan), Mitsubishi Electric Corporation (Japan), Bridgelux, Inc. (United States) and Citizen Electronics Co., Ltd (Japan) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Market Drivers
- Importance of LED Technology in Cultivation Application
- Growing Usage in Automotive Lighting Sector
Market Trend
- Rising demand for higher lighting output at less power consumption
- Benefits of Robust Weather Proof Design
Restraints
- High Cost Compared To Other Lighting Sources
Opportunities
Government Initiatives for the Development of Smart Cities in Asia Pacific Region and Growing Demand for Eco-Friendly and Energy-Saving Lighting Technology
Challenges
Low Brightness and Efficiency of Solid State Lighting
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Solid State Lighting Study Sheds Light on
The Solid State Lighting Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Solid State Lighting industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Solid State Lighting industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.