Intense market competition from Chinese manufacturers has driven down profits for LED manufacturers, cost efficient technologies and getting the most out of cost/performance ratios has driven LED chip technologies to ever new economic developments.

(Source: LEDinside)

Adding on top of existing lighting manufacturers woes has been traditional technology companies entry into the market especially in connected lighting. Dawning of the age of Internet of Things (IoT) will provide manufacturers plenty of opportunities, as well as challenges from large consumer electronic manufacturers, such as Xiaomi, Yeelink and others.

Opportunities are also abound in emerging Southeast Asian markets. For more details, LEDinside members can download a free copy of the report by LEDinside Research Director Roger Chu.