Marcy’s Musing: From Pitch to PO—The Sales Stack
It’s Only Common Sense: Knowing When to Walk Away
Dan’s Biz Bookshelf: ‘Elevate: Push Beyond Your Limits'
LED Specialty Lighting Market to Post 30% CAGR in 2016-2020
August 23, 2016 | TrendForceEstimated reading time: 2 minutes
According to the 2016 Global Lighting Market Report by LEDinside, a division of TrendForce, four LED specialty lighting applications that are attracting growing interests include horticultural lighting, surgical lighting, marine/harbor lighting and smart lighting. The combined market scale of these four applications is estimated to grow from US$4.36 billion in 2016 to US$16.4 billion in 2020, with the CAGR during this forecast period reaching 30%.
LEDinside projects that the scale of the global LED smart lighting market to hit US$2.35 billion by the end of 2016 and increase to around US$13.43 billion in 2020. On the whole, LED smart lighting has the most growth potential compared with the other three specialty applications.
“Generally, LED luminaires are now in a period of depressed prices,” said Joanne Wu, assistant research manager of LEDinside. “Smart lighting, while is at infancy in terms of development and does not have the scale to exert significant influence, offers a lot of opportunities. The costs of related hardware and software projects are still high. However, the maturation of technologies and product designs, as well as marketing efforts from vendors, will encourage widespread consumer adoption. This application market therefore is expected to see surging growth in the future.”
The outlook is also very bright for the LED horticultural lighting market. LEDinside forecasts that the scale of the LED horticultural lighting market worldwide will grow rapidly from about US$576 million in 2016 to around US$1.42 billion in 2020. “Changes in global climate encourages agricultural and livestock businesses to adopt technological innovations,” said Wu. “Hence, LED horticultural lighting has a booming future due to the rising demand generated by advances in the cultivation of high-quality agricultural produce, livestock farming and fresh food storage. In the U.S., LED horticultural lighting particularly benefits from the expanding legal trades of medicinal and recreational marijuana in some states.”
Demand for LED products in the surgical lighting application is picking up as LED light sources continue to improve in terms of luminous efficacy and color rendering. According to LEDinside, the scale of the global LED surgical lighting market will expand from US$612 million to US$787 million during the 2016~2020 period. Major regional markets for LED surgical lighting include Japan, Europe and North America. In the marine/harbor lighting market, products are governed by stricter regulatory standards and thus their average sales prices are also higher compared with general lighting products. For the LED lighting industry, LED marine/harbor lighting is a specialty application that provides high margins and a stable source of revenue. The total value of the global LED marine/harbor lighting market will come to US$820 million this year, based on LEDinside’s projection.
Share on:
Suggested Items
ViTrox’s HITS 5.0 Empowers Global Partners with Innovative Solutions and Stronger Bonds
07/16/2025 | ViTroxViTrox, strives to be the World’s Most Trusted Technology Company, proudly announces the successful conclusion of its fifth edition of High Impact Training for Sales (HITS 5.0), held from 23rd to 27th June 2025 at ViTrox Campus 2.0 and 3.0, located in Batu Kawan Industrial Park, Penang, Malaysia.
The Marketing Minute: The First Step to More Sales—Marketing
07/16/2025 | Brittany Martin -- Column: The Marketing MinuteIn today’s competitive B2B landscape, marketing is no longer just a support role; it’s the starting line. Before a PO is ever submitted, marketing has already laid the foundation for the sale. These days, buyers are more informed, selective, and self-guided than ever, and marketing is how they find, evaluate, and build trust in your company.
Infineon Advances on 300-millimeter GaN Manufacturing Roadmap as Leading Integrated Device Manufacturer (IDM)
07/10/2025 | InfineonAs the demand for gallium nitride (GaN) semiconductors continues to grow, Infineon Technologies AG is poised to capitalize on this trend and solidify its position as a leading Integrated Device Manufacturer (IDM) in the GaN market.
Webinar Review: A Global Trade and Economy in Flux
07/09/2025 | I-Connect007 Editorial TeamIn a July 8 webinar, Global Electronics Association Chief Economist Shawn DuBravac provided a comprehensive analysis of the evolving international trade environment, its implications for inflation, monetary policy, and labor dynamics, and a sober assessment of market valuations. In “Navigating a Shifting Landscape” DuBravac painted a picture of a global economy in flux, where shifting trade alliances and tariff structures are redrawing the supply chain map and influencing the broader economic landscape, while also conveying an overall bullish market outlook.
I-Connect007’s Editor’s Choice: Five Must-Reads for the Week
07/04/2025 | Marcy LaRont, I-Connect007For our industry, we have seen several bullish market announcements over the past few weeks, including one this week by IDC on the massive growth in the global server market. We’re also closely watching global trade and nearshoring. One good example of successful nearshoring is Rehm Thermal Systems, which celebrates its 10th anniversary in Mexico and the official opening of its new building in Guadalajara.