Report Highlights
The global market for solid-state lighting should grow from $62.8 billion in 2018 to $127.5 billion by 2023 with a compound annual growth rate (CAGR) of 15.2% for the period of 2018-2023.
Report Includes
- 68 tables
- An overview of the global solid-state lighting (SSL) technology market
- Analyses of global market trends, with data from 2017, 2018, and projections of compound annual growth rates (CAGRs) through 2023
- Discussion of technologies and factors influencing demand
- Coverage of SSL technologies, including LED (light-emitting diodes) and OLED (organic light-emitting diodes), as well as substrate mounts, packaging materials, and manufacturing techniques
- Profiles of major companies in the market, including 3M, Honeywell International Inc., Eaton Corp. Plc., PhotonStar LED Group Plc., Cree Inc. and Samsung Electronics Co. Ltd.
Report Scope
The scope of this report is broad and covers global markets of solid-state lighting used globally in various types of applications. The market is broken down by major types, by application, end-user industries and by region. Revenue forecasts from 2018 to 2023 are presented for each major type, application, and regional markets.
The report also includes a discussion on the major players in each of the regional markets for solid-state lighting market. It explains the major market drivers of the global solid-state lighting industry, the current trends within the industry, and the regional dynamics of the solid-state lighting market. The report concludes with a special focus on the vendor landscape. It includes detailed profiles of the major vendors in the solid-state lighting industry globally.
Analyst Credentials
Aneesh Kumar has been a project manager and partner with BizImpact Knowledge Services, LLP, a market research and services company primarily focused on opportunities in science and technology, since 2011. Kumar manages a team focused on global market research projects, primary interviews and market forecasting. He holds a BBA from the Institute of Chartered Financial Analysts of India and is a member of the Indo-German Chambers of Commerce.
Related Reports
2024 Semiconductor Manufacturing Research Review
This 2024 Research Review of the Semiconductor Manufacturing provides a sampling of the type of quantitative market information, analysis, and guidance that BCC Research has been developing since its inception in 1971 to help its customers make informed business decisions.
Synthetic Sapphire: Global Markets
The global synthetic sapphire market should reach $5.9 billion by 2022 and more than $8.2 billion by 2027, with a compound annual growth rate (CAGR) of 6.6% during the forecast period of 2022-2027.
Advanced Materials for Displays: Technologies and Global Markets
The global market for display material shipments reached $126.0 billion in 2019 and should reach $193.2 billion by 2024, at a compound annual growth rate (CAGR) of 8.9% for the period of 2019-2024.
Consumer Electronics: A Global Market Outlook
The global VR and AR technologies in consumer electronics (gaming) application market should reach $73.7 billion by 2024 from $8.5 billion in 2019 at a compound annual growth rate (CAGR) of 53.9% for the period of 2019 to 2024.
Track the Latest Global Tariff Developments
In today's fast-paced global economy, tariffs are no longer static—they are dynamic levers shaped by geopolitical realignments, supply chain vulnerabilities, inflationary pressures, and sustainability-driven trade reforms. As governments worldwide recalibrate their trade strategies, businesses are left to navigate a maze of shifting rules, rising costs, and regulatory uncertainty.
Our analysis empowers you with real-time updates and in-depth expert analysis on all facets of global tariff activity. From new trade agreements and sanctions to abrupt tariff hikes and retaliatory duties, we monitor developments across borders, sectors, and industries—so you don't have to.
Whether it's the ongoing U.S.–China trade dynamics, the evolving EU Carbon Border Adjustment Mechanism (CBAM), or the emerging policies in India, ASEAN, and Latin America, we provide full-spectrum coverage. We also track multilateral trade negotiations, World Trade Organization (WTO) rulings, and sector-specific duty structures—ensuring you are always ahead of global trade shifts.
With our analysis, you can stay informed, identify risks, and confidently respond to tariff changes—no matter where you operate.
Ready to see what tariff means for your business?
Consult with our experts or request your custom Tariff Impact Brife today
Stay Informed, Stay Competitive
In today's interconnected and unpredictable global economy, staying ahead of tariff shifts is not just important—it's essential. BCC Research provides decision-makers with trusted, research-driven insights that turn uncertainty into opportunity.
Our in-depth market analysis and trade intelligence help you decode how tariff changes impact your specific sector—manufacturing, healthcare, technology, agriculture, or energy. We break down complex data into actionable knowledge through comprehensive reports, expert commentaries, and sector-focused forecasts.
Our analysis includes:
- Thorough breakdowns of current and proposed tariff policies and how they affect regional and global trade flows.
- Sector-specific implications, helping you understand the strategic impact on sourcing, pricing, and competitiveness.
- Forward-looking insights to support risk management, planning, and response strategies for evolving trade conditions.
With BCC Research, you gain more than just information—you gain clarity and confidence to make well-informed decisions in a volatile trade environment.
Don't let tariffs catch you off guard—let our insights guide your strategy.
Recent Reports
Semiconductor Devices for High-Temperature Applications: Market Opportunities
The global market for semiconductor devices for high-temperature applications is estimated to increase from $11.8 billion in 2024 to reach $18.5 billion by 2029, at a compound annual growth rate (CAGR) of 9.4% from 2024 through 2029.
2024 Semiconductor Manufacturing Research Review
This 2024 Research Review of the Semiconductor Manufacturing provides a sampling of the type of quantitative market information, analysis, and guidance that BCC Research has been developing since its inception in 1971 to help its customers make informed business decisions.
Global Markets for Roll-to-Roll Technologies for Flexible Devices
The global market for R2R technologies for flexible devices is expected to grow from $40.4 billion in 2024 and is projected to reach $69.8 billion by the end of 2029, at a compound annual growth rate (CAGR) of 11.5% during the forecast period of 2024 to 2029.
Thermal Interface Materials: Technologies, Applications and Global Markets
The global market for thermal interface materials (TIMs) is expected to grow from $4.4 billion in 2024 and is projected to reach $7.5 billion by the end of 2029, at a compound annual growth rate (CAGR) of 11.5% during the forecast period of 2024 to 2029.
2023 Semiconductor Manufacturing Research Review
It is expected to grow steadily, owing to the contribution from emerging semiconductor industry segments like 5G communication, flexible displays, artificial intelligence (AI), connected cars, driverless cars, data centers and storages, Internet of Things (IoT), among others.
Become A Member
BCC Research offers a comprehensive library of reports, granting members unlimited access to data, insights, and market intelligence for informed business decisions, while actively supporting members in their evolving journeys and prioritizing high-quality, relevant topics based on continuous engagement with the research community.
Find Out MoreCustom Consulting
BCC Research emphasizes the importance of organizations leveraging highly customized market insights aligned with specific strategic business objectives through direct engagement with primary sources and proprietary forecasting models for profitable decision-making in maximizing growth opportunities and minimizing risks.
Customize NowScorecard
The Venture Scorecard provides commercialization offices and decision makers with expert analysis, offering strategic insights crucial for aligning objectives with market realities at various stages of commercializing new products or evaluating investment opportunities, from opportunity assessment to growth planning.
Find Out MoreInnovation Spotlight
Our industry experts offer strategic guidance to maximize the market potential of commercialized products, patents, and IP by providing insights into market trends, competitive dynamics, and effective positioning, using the Innovation Spotlight service for enhanced exposure to thought leaders and the wider community.
Find Out More