Market Share of Solid-State Lighting Source Industry
The solid-state lighting source market is moderately fragmented. Overall, the competitive rivalry among existing competitors is high. Moving forward, the new innovation strategies of large and small enterprise companies are expected to drive the market growth. Some of the key developments in the market are:
- March 2020 - Samsung Electronics introduced its first 'human-centric' LED packages, collectively known as LM302N. Engineered with carefully created light spectra, the LM302N family helps human bodies adjust melatonin levels indoors, making people feel more energetic or relaxed depending on their daily life patterns.
- January 2020 - GE Lighting added several new C by GE technologies to its expanding portfolio of smart home products. This includes advanced lighting switch and dimmer technologies along with new comfort, safety, and security solutions.
Solid-State Lighting Source Market Leaders
Koninklijke Philips N.V.
OsRam Licht AG
Samsung Electronics Co. Ltd.
GE Lighting
Mitsubishi Electric Corporation
*Disclaimer: Major Players sorted in no particular order
