With the rapid rise of solid-state lighting (SSL) and integrated LED solutions, the lighting industry has been through an enormous transformation over the past few years. In 2016, LED will account for more than 50.0% of the sales; by 2025, this number is likely to reach 98.0%. This transformation will continue to bring enormous change to the competitive landscape, distribution channels, product offerings, and business models as the market wakes up to a pace of change it has never witnessed before. Connectivity, technology, and product advancements will drive the industry into new applications beyond illumination within the next 5 years.
Key Questions This Study Will Answer
- What is the lighting industry outlook for 2016?
- What are the transformational trends in the lighting Industry from 2016 to 2025?
- What is the global lighting industry forecast for 2025?
- How will the transformational trends yield new business opportunities in growth markets?
- What is the lighting industry vision for 2025 by region?
- What will be the top technology opportunities in the lighting industry by 2025?
- What will be the key challenges, solutions, and conclusions for lighting industry vision by 2025?