Solid State Lighting Market grow up to $56.79 Billion - 2018

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MarketsandMarkets Presents
Solid State Lighting Market Forecast 56.79
Billion - 2018
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lid-state-lighting-market-1234.html
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According to a new market research report,
Solid State Lighting Market by Types (LED, OLED,
and PLED), Application (General Lighting,
Backlighting, Automotive, Medical), Verticals
(Industrial, Residential, Consumer Electronics),
Materials Geography - Analysis Forecast
(2013-2018), published by MarketsandMarkets, the
total solid state lighting market is expected to
reach 56.79billion by 2018, at a CAGR of 18.7
from 2013 to 2018. Browse gtgt
113 Market Data Tables 51
figures 365 Pages and
in-depth TOC on Solid State Lighting Market
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The global solid state lighting market has been
segmented by types of SSL, applications and
verticals. The solid state lighting market by
types includes Light emitting diodes (LED),
Organic light emitting diodes (OLED) and Polymer
based light emitting diodes (PLED). The SSL based
LEDs are further segmented by materials used at
different stages of manufacturing process in the
report. LED based SSL are primarily utilized in
general lighting and backlighting based
applications. Energy efficient characteristics of
the SSL lighting technologies will be integrated
with light based medical applications. Surgical
lighting has incorporated low heat dissipating
LEDs enabling comfortable working environment for
surgeons and patients. OLEDs has high market
share in backlighting applications. Demand for
OLED display has been accelerating as it has
diverse applications and better display features.
Going forward, with decreasing production costs,
prices of OLED panels will decline and OLED will
further penetrate the display market displacing
LCD and LED display technologies. Many Asian
companies have geared up to emerge as dominant
players in the OLED equipment and materials
market.
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The OLED based SSL is set to be one of the major
Solid State Lighting technology in future with
CAGR projected to exceed 25 in major
applications such as general lighting,
backlighting, automotive lighting and medical
lighting. Global solid state lighting market is
expected to reach 56.79billion by 2018, at an
estimated CAGR of 18.7 from 2013 to 2018 with
backlighting and general lighting application
contributing to the global solid state lighting
applications market with a share of 87 in 2012
and is expected to record high growth in coming
years. APAC is the leading region in the overall
solid state lighting market with 50 of market
share in 2012 followed by North America and
Europe with 23.9 and 19.9 each in 2012. In ROW,
Russia, Brazil and the Middle East are the
largest contributors with total share of 6.3
occupied in global solid state lighting market.
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