According to the latest report of LEDinside, since 2018, global lighting industry has experienced severe internal and external shocks. According to LEDinside latest report- 2H19 Global Lighting LED and LED Lighting Market Outlook, LED lighting market scale is expected to grow at a CAGR of 6% in 2018-2023. Replacement lighting has entered the period of saturation, and the industry has been in desperate need of a new growth engine. According to external environmental markets, due to weak macro-economy, coupled with a large number of lighting products included in the tax list under China-US trade conflict, arbitrage and intermediary trade in third countries have intensified, with Mexico, Korea and Vietnam becoming the biggest winners.

In response to the boom of smart city construction around the world, smart street light market has entered high-speed replacement and development stage

In response to the boom of smart city construction around the world, with the development of IoT and 5G, the maturity of products and the active promotion of manufacturers, the penetration speed of smart products in lighting industry has been faster. Based on street light installed market volume, the penetration rate of smart street light has been less than 5% in 2018, and smart street light market has entered high-speed replacement and development stage. According to the latest figures from LEDinside, global LED smart street light market value in 2018 reached USD 704 million and is expected to grow at a CAGR of 26.3% in 2019-2023. (Note: LEDinside defines the scale of smart street light market to include only street lamp products)

Smart street lights are used as the main window of smart city. Street light enterprises work with telecom operators and communication enterprises, and with mature technologies such as smart control, network communication and sensing, LED lighting can break through the original functional boundaries. Through smart street lighting, comprehensive sense and smart control can be achieved for each lamp on city roads.

According to LEDinside’s analysis of outdoor smart lighting, there are four main types of communication technologies: Zigbee, LoRa, Sigfox and NB-IoT. Currently, Zigbee takes the lead. Its technology is relatively mature due to long development period. Zigbee’s network architecture has advantages. Besides, it is more power-saving. In 2018, it accounted for 28% of the overall wireless communication market. However, because NB-IoT adopts licensed spectrum, wireless interference can be avoided. NB-IoT possesses operator-grade safety and quality assurance, so it has a competitive advantage in smart lighting applications with high reliability requirements. The market share growth is the fastest.

In terms of business model, currently EMC is widely adopted, and PPP is gradually adopted.

High-power LED lighting has gradually become a new niche segmentation- sports venues, airports, docks, ships and fishing lighting

Although general lighting market is reaching saturation, certain niche markets still have growth potential. For instance, high-power lighting products of more than 400W have been paid attention in the market and have been adopted in areas such as sports venues, airports, docks, ships and fishing lighting.

Fishing lighting: Compared with traditional fishing light, LED fishing light has the advantages of instant on/off switching, light weight of lamps, improvement of working environment, increase in utilization of cabin space and long lifespan. In addition, the color or wavelength of light source can be designed according to the requirements of the specific species.

Generally, high-power SMD LED or COB LED packages are used from international manufacturers such as OSRAM, CREE, Lumileds, Samsung, Seoul Semiconductor, Everlight, Nichia, Luminus and Bridgelux. The market has relatively high threshold. There are more stringent requirements for channel relationship or product quality.

In addition, the plant lighting market value is expected to grow at a CAGR of 30% in 2018-2022, driven by high value-added crops or market demand in harsh environments.

LEDinside plans to publish global fishing light market report and plant lighting market report. Welcome calls or letters if in need!

LEDinside 2019 Global Lighting LED and LED Lighting Market Outlook

Release Date: January 31 (1H19 Market Outlook) and July 31, 2019 (2H19 Market Outlook)
Language: Chinese / English
Format: PDF / EXCEL

I. Lighting LED Market
2019-2023 Lighting LED Market Scale- By Package
2019-2023 Lighting LED Package Market Scale- By Power
2019-2023 Lighting LED Market Scale Description- Compared with 1H19 Model

II. Global Lighting Market Trend
LED Lighting Market- Product Definition
2019-2023 Global LED Lighting Market Scale: by Product
2019-2023 Global LED Lighting Market Scale: by Region
2019-2023 Installed Global LED Lighting Market and Penetration
Halogen Lamps Will be Phased Out After 2018
EU has Prohibited the Sale of Halogen Lamps in September 2018-Directional Lamps/Non-directional Lamps
2017-2019 Global LED Lighting Market Forecast: by Product
2018 Global LED Lighting Market-Value Based: by Product v.s. by Region
2018 Global LED Lighting Market-Volume Based: by Product v.s. by Region
2019 Global LED Lighting Market-Value Based: by Product v.s. by Region
2019 Global LED Lighting Market-Volume Based: by Product v.s. by Region
2019-2023 Global LED Lighting Application Market Trend
Opportunities and Challenges of LED Commercial Lighting
Opportunities and Challenges of LED Industrial Lighting
Opportunities and Challenges of LED Outdoor Lighting
Opportunities and Challenges of LED Residential Lighting

III. High Power LED Lighting Market
High Power LED Lighting Becomes a New Niche Market
Opportunity and Challenge for High Power LED Lighting - Ship Lighting
Opportunity and Challenge for High Power LED Lighting - Fishing Lighting
Opportunity and Challenge for High Power LED Lighting - Port Lighting
Opportunity and Challenge for High Power LED Lighting - Landscape Lighting
Opportunity and Challenge for High Power LED Lighting - Airport Lighting

IV. Global Smart Street Light Market Trend
Cross-Industry Cooperation is a New Model of Collaborative Development Between “Big” Smart City and “Small” Smart Street Light
2019-2023 Global LED Street Light Market Size Analysis
2019-2023 Global Smart Street Light Market
2019-2020 Global Smart Street Light Market- By Technology
Smart Street Light - the Nervous System of Smart City IoT
Main Functions of Smart Street Light
Concrete Uses of Smart Street Light: Depending on the Needs
Smart Street Light Demand in Major Countries and Regions
Policy-driven Factor of Global Smart Street Light Development
Technology-driven Factor of the Development of Smart Street Light: 5G Technology
Industry Chain of Global Smart Street Light and Major Players
Primary Business Operation Model of Smart Street Light

V. Lighting Product and LED Market Requirements
Filament Light Specification and Price Overview By Regions
Filament Lamp Market- LED Specification Requirements
Street Light Specification and Price Overview By Regions
Street Light Market- LED Specification Requirements
Explosion-proof Light Specification and Price Overview By Regions
Explosion-proof Light Market- LED Specification Requirements
High Bay Light Specification and Price Overview By Regions
High Bay Light Market- LED Specification Requirements
Panel Light Specification and Price Overview By Regions
Panel Light Market- LED Specification Requirements