Global Solid State Lighting System Market
Market Size in USD Billion
CAGR :
% 
USD
29.60 Billion
USD
59.85 Billion
2024
2032
 Forecast Period |
2025 –2032 |
 Market Size (Base Year) |
USD 29.60 Billion |
 Market Size (Forecast Year) |
USD 59.85 Billion |
 CAGR |
% |
| Major Markets Players |
|
Global Solid State Lighting System Market Segmentation, By Technology (Light Emitting Diodes (LED), Organic Light Emitting Diodes (OLED), Application (Residential, Commercial, Industrial, Outdoor Lighting), End User (Conventional Lighting, Automotive and Transport, Consumer Electronics, Healthcare, Media and Entertainment) - Industry Trends and Forecast to 2032
Solid State Lighting System Market Analysis
For general lighting, solid state lighting systems have mostly supplanted traditional incandescent and fluorescent lights. With the emergence of energy-efficient light sources, solid state lighting has the potential to transform the lighting sector. With the introduction of high-brightness LEDs, traditional incandescent bulbs are likely to become obsolete.
Solid State Lighting System Market Size
Global solid state lighting system market size was valued at USD 29.60 million in 2024 and is projected to reach USD 59.85 billion by 2032, with a CAGR of 9.20% during the forecast period of 2025 to 2032.
Report Scope and Market Segmentation
|
Attributes |
Solid State Lighting System Key Market Insights |
|
Segmentation |
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Countries Covered |
U.S., Canada, and Mexico in North America, Brazil, Argentina, and the rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, rest of the Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA) |
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Key Market Players |
AIXTRON (Germany), Bridgelux, Inc. (US), Visual Communications Company, LLC (US), Energy Focus. (US), General Electric Company (US), NICHIA CORPORATION (Japan), Koninklijke Philips N.V. (Netherlands), Toshiba Lighting France (TLF) S.A. (France) |
Solid State Lighting System Market Definition
Solid-state lighting is a method of producing light by using semiconductor LEDs, OLEDs, and other light-emitting diodes as a source of illumination. Solid state lighting has a number of advantages over traditional brittle glass tubes/bulbs, including greater stress and vibration resistance, higher quality light output, smaller and more flexible lighting fixtures, and a longer product life term.
Solid State Lighting System Market Dynamics
Drivers:
- Rise in the research and development.
Market growth should be aided by product innovation that results in enhanced light output, energy efficiency, and product development.
- Increase in the of LED technology in horticulture application.
Growing products that are helpful in farming and horticulture applications due to the increased energy efficiency, spectral control, beam control, low maintenance and low heat generation.
- Growing in the use in the automotive lighting sector.
Rise in the product innovation which is resulting in growing light output, energy efficiency and product development which is estimated to cushion the growth of the solid state lighting system market.
Opportunities
In addition, the growing consumer incomes will further provide potential opportunities for the growth of the solid state lighting system market in the coming years.
Restrains/Challenges
On the other hand, the increased cost is further projected to impede the growth of the solid state lighting system market in the timeline period. However, the inefficiency of solid state lighting in heat sensitive applications might further challenge the growth of the solid state lighting system market in the near future.
This solid state lighting system market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the solid state lighting system market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Solid State Lighting System Market Scope
The solid state lighting system market is segmented on the basis of technology, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Technology
- Light Emitting Diodes (LED)
- Organic Light Emitting Diodes (OLED)
Application
- Residential
- Commercial
- Industrial
- Outdoor Lighting
End User
- Conventional Lighting
- Automotive and Transport
- Consumer Electronics
- Healthcare
- Media and Entertainment
Solid State Lighting System Market Regional Analysis
The solid state lighting system market is analyzed and market size insights and trends are provided by country, technology, application and end user as referenced above.
The countries covered in the solid state lighting system market report are U.S., Canada, and Mexico in North America, Brazil, Argentina, and the rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, rest of the Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA).
North America dominates the solid state lighting system market due to the rise in the demand for horticulture products over traditional agriculture products. Furthermore, the increasing adoption of urban farming and growing need demand for healthier and safe food will further boost the growth of the solid state lighting system market in the region during the forecast period.
Asia-Pacific is projected to observe significant amount of growth in the solid state lighting system market due to the rise in the need for smart cities and increase in the population. Moreover, the growing construction of power plants and energy substations is further anticipated to propel the growth of the solid state lighting system market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Solid State Lighting System Market Share
The solid state lighting system market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to solid state lighting system market.
Solid State Lighting System Market Leaders Operating in the Market Are:
- AIXTRON (Germany)
- Bridgelux, Inc. (US)
- Visual Communications Company, LLC (US)
- Energy Focus. (US)
- General Electric Company (US)
- NICHIA CORPORATION (Japan)
- Koninklijke Philips N.V. (Netherlands)
- Toshiba Lighting France (TLF) S.A. (France)
Latest Developments in Solid State Lighting System Market
- Samsung Electronics released its first "human-centric" LED packages, the LM302N, in March 2020. The LM302N series is designed with precisely developed light spectra to assist people adapt their melatonin levels indoors, making them feel more active or calm based on their daily life routines.
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Global Solid State Lighting System Market, Supply Chain Analysis and Ecosystem Framework
To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its Global Solid State Lighting System Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as Global Solid State Lighting System Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.
Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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